$SKY
Champion Homes, Inc.

2017 Q3 Form 10-Q Financial Statement

#000119312517305994 Filed on October 06, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $58.46M $61.18M
YoY Change -4.44% 25.51%
Cost Of Revenue $218.6M $54.60M
YoY Change 300.46% 23.8%
Gross Profit $41.33M $6.580M
YoY Change 528.07% 41.72%
Gross Profit Margin 70.69% 10.76%
Selling, General & Admin $27.76M $5.750M
YoY Change 382.83% 5.33%
% of Gross Profit 67.18% 87.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.018M $251.0K
YoY Change 703.98% -2.33%
% of Gross Profit 4.88% 3.81%
Operating Expenses $27.76M $5.750M
YoY Change 382.83% 5.33%
Operating Profit $13.56M $830.0K
YoY Change 1534.22% -201.72%
Interest Expense $1.065M $86.00K
YoY Change 1138.37% 8.86%
% of Operating Profit 7.85% 10.36%
Other Income/Expense, Net
YoY Change
Pretax Income $11.66M $744.0K
YoY Change 1466.8% -183.13%
Income Tax $4.249M $0.00
% Of Pretax Income 36.45% 0.0%
Net Earnings $7.408M $744.0K
YoY Change 895.7% -189.21%
Net Earnings / Revenue 12.67% 1.22%
Basic Earnings Per Share $0.16 $0.09
Diluted Earnings Per Share $0.16 $0.09
COMMON SHARES
Basic Shares Outstanding 44.53M 8.391M shares
Diluted Shares Outstanding 8.484M shares 8.498M shares

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.60M $8.500M
YoY Change 48.24% 26.87%
Cash & Equivalents $108.3M
Short-Term Investments
Other Short-Term Assets $1.156M $965.0K
YoY Change 19.79% -37.34%
Inventory $11.40M $11.82M
Prepaid Expenses
Receivables $13.56M $14.83M
Other Receivables $0.00 $0.00
Total Short-Term Assets $39.12M $37.10M
YoY Change 5.44% 16.22%
LONG-TERM ASSETS
Property, Plant & Equipment $10.79M $11.96M
YoY Change -9.81% 5.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.230M $7.493M
YoY Change -3.51% 2.66%
Total Long-Term Assets $18.02M $19.46M
YoY Change -7.38% 4.1%
TOTAL ASSETS
Total Short-Term Assets $39.12M $37.10M
Total Long-Term Assets $18.02M $19.46M
Total Assets $57.14M $56.56M
YoY Change 1.03% 11.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.900M $4.100M
YoY Change -4.88% 13.89%
Accrued Expenses $9.700M $10.90M
YoY Change -11.01% 7.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.25M $18.88M
YoY Change -3.34% 16.51%
LONG-TERM LIABILITIES
Long-Term Debt $4.300M $4.300M
YoY Change 0.0% 0.0%
Other Long-Term Liabilities $7.600M $7.500M
YoY Change 1.33% -1.32%
Total Long-Term Liabilities $11.92M $11.77M
YoY Change 1.26% -0.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.25M $18.88M
Total Long-Term Liabilities $11.92M $11.77M
Total Liabilities $30.17M $30.65M
YoY Change -1.57% 9.17%
SHAREHOLDERS EQUITY
Retained Earnings $87.17M $86.30M
YoY Change 1.01% 3.92%
Common Stock $5.551M $5.353M
YoY Change 3.7% 2.16%
Preferred Stock
YoY Change
Treasury Stock (at cost) $65.74M $65.74M
YoY Change 0.0% 0.0%
Treasury Stock Shares 2.826M shares 2.826M shares
Shareholders Equity $26.97M $25.91M
YoY Change
Total Liabilities & Shareholders Equity $57.14M $56.56M
YoY Change 1.03% 11.74%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $7.408M $744.0K
YoY Change 895.7% -189.21%
Depreciation, Depletion And Amortization $2.018M $251.0K
YoY Change 703.98% -2.33%
Cash From Operating Activities -$1.897M $1.366M
YoY Change -238.87% -22.17%
INVESTING ACTIVITIES
Capital Expenditures $3.958M $569.0K
YoY Change 595.61% 712.86%
Acquisitions
YoY Change
Other Investing Activities $6.000K $6.000K
YoY Change 0.0% -25.0%
Cash From Investing Activities -$3.548M -$575.0K
YoY Change 517.04% 637.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.903M
YoY Change
NET CHANGE
Cash From Operating Activities -1.897M 1.366M
Cash From Investing Activities -3.548M -575.0K
Cash From Financing Activities 1.903M
Net Change In Cash -2.855M 791.0K
YoY Change -460.94% -52.83%
FREE CASH FLOW
Cash From Operating Activities -$1.897M $1.366M
Capital Expenditures $3.958M $569.0K
Free Cash Flow -$5.855M $797.0K
YoY Change -834.63% -52.7%

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1607000
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1754000
CY2017Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
500000
CY2017Q3 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
6000
CY2017Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
420000
CY2017Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1399000
CY2017Q3 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
420000
CY2017Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
58462000
CY2017Q3 us-gaap Share Based Compensation
ShareBasedCompensation
68000
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P7Y6M0D
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y5M9D
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P7Y10M25D
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6112000
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0213 pure
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.86
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.55
CY2017Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.15
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.659 pure
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
57000 shares
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
45000 shares
CY2017Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
36000 shares
CY2017Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
221000
CY2017Q3 dei Trading Symbol
TradingSymbol
SKY
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8483935 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8391244 shares
CY2017Q3 sky Loss Contingency Obligation During Period
LossContingencyObligationDuringPeriod
0

Files In Submission

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0001193125-17-305994-index-headers.html Edgar Link pending
0001193125-17-305994-index.html Edgar Link pending
0001193125-17-305994.txt Edgar Link pending
0001193125-17-305994-xbrl.zip Edgar Link pending
d455900d10q.htm Edgar Link pending
d455900dex311.htm Edgar Link pending
d455900dex312.htm Edgar Link pending
d455900dex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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sky-20170903.xml Edgar Link completed
sky-20170903.xsd Edgar Link pending
sky-20170903_cal.xml Edgar Link unprocessable
sky-20170903_def.xml Edgar Link unprocessable
sky-20170903_lab.xml Edgar Link unprocessable
sky-20170903_pre.xml Edgar Link unprocessable