$SKY
Champion Homes, Inc.

2018 Q3 Form 10-Q Financial Statement

#000156459018028430 Filed on November 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $355.4M $58.46M
YoY Change 507.98% -4.44%
Cost Of Revenue $296.4M $218.6M
YoY Change 35.58% 300.46%
Gross Profit $59.00M $41.33M
YoY Change 42.76% 528.07%
Gross Profit Margin 16.6% 70.69%
Selling, General & Admin $128.1M $27.76M
YoY Change 361.29% 382.83%
% of Gross Profit 217.07% 67.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.800M $2.018M
YoY Change 38.75% 703.98%
% of Gross Profit 4.75% 4.88%
Operating Expenses $128.1M $27.76M
YoY Change 361.29% 382.83%
Operating Profit -$69.07M $13.56M
YoY Change -609.21% 1534.22%
Interest Expense $827.0K $1.065M
YoY Change -22.35% 1138.37%
% of Operating Profit 7.85%
Other Income/Expense, Net -$1.300M
YoY Change
Pretax Income -$71.20M $11.66M
YoY Change -710.82% 1466.8%
Income Tax $5.800M $4.249M
% Of Pretax Income 36.45%
Net Earnings -$77.03M $7.408M
YoY Change -1139.75% 895.7%
Net Earnings / Revenue -21.67% 12.67%
Basic Earnings Per Share -$1.42 $0.16
Diluted Earnings Per Share -$1.42 $0.16
COMMON SHARES
Basic Shares Outstanding 54.11M 44.53M
Diluted Shares Outstanding 8.484M shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $102.9M $12.60M
YoY Change 716.67% 48.24%
Cash & Equivalents $102.9M $108.3M
Short-Term Investments
Other Short-Term Assets $11.74M $1.156M
YoY Change 915.4% 19.79%
Inventory $113.1M $11.40M
Prepaid Expenses
Receivables $55.17M $13.56M
Other Receivables $0.00 $0.00
Total Short-Term Assets $282.9M $39.12M
YoY Change 623.16% 5.44%
LONG-TERM ASSETS
Property, Plant & Equipment $112.0M $10.79M
YoY Change 937.53% -9.81%
Goodwill $177.5M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.78M $7.230M
YoY Change 76.82% -3.51%
Total Long-Term Assets $382.5M $18.02M
YoY Change 2022.58% -7.38%
TOTAL ASSETS
Total Short-Term Assets $282.9M $39.12M
Total Long-Term Assets $382.5M $18.02M
Total Assets $665.4M $57.14M
YoY Change 1064.47% 1.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.02M $3.900M
YoY Change 1080.03% -4.88%
Accrued Expenses $79.70M $9.700M
YoY Change 721.65% -11.01%
Deferred Revenue
YoY Change
Short-Term Debt $29.90M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $195.7M $18.25M
YoY Change 972.05% -3.34%
LONG-TERM LIABILITIES
Long-Term Debt $59.33M $4.300M
YoY Change 1279.77% 0.0%
Other Long-Term Liabilities $20.50M $7.600M
YoY Change 169.79% 1.33%
Total Long-Term Liabilities $83.29M $11.92M
YoY Change 598.83% 1.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $195.7M $18.25M
Total Long-Term Liabilities $83.29M $11.92M
Total Liabilities $278.9M $30.17M
YoY Change 824.6% -1.57%
SHAREHOLDERS EQUITY
Retained Earnings -$77.88M $87.17M
YoY Change -189.34% 1.01%
Common Stock $473.7M $5.551M
YoY Change 8434.44% 3.7%
Preferred Stock
YoY Change
Treasury Stock (at cost) $65.74M
YoY Change 0.0%
Treasury Stock Shares 2.826M shares
Shareholders Equity $386.5M $26.97M
YoY Change
Total Liabilities & Shareholders Equity $665.4M $57.14M
YoY Change 1064.47% 1.03%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$77.03M $7.408M
YoY Change -1139.75% 895.7%
Depreciation, Depletion And Amortization $2.800M $2.018M
YoY Change 38.75% 703.98%
Cash From Operating Activities $24.70M -$1.897M
YoY Change -1402.06% -238.87%
INVESTING ACTIVITIES
Capital Expenditures -$2.700M $3.958M
YoY Change -168.22% 595.61%
Acquisitions
YoY Change
Other Investing Activities $100.0K $6.000K
YoY Change 1566.67% 0.0%
Cash From Investing Activities -$2.500M -$3.548M
YoY Change -29.54% 517.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -400.0K 1.903M
YoY Change -121.02%
NET CHANGE
Cash From Operating Activities 24.70M -1.897M
Cash From Investing Activities -2.500M -3.548M
Cash From Financing Activities -400.0K 1.903M
Net Change In Cash 21.80M -2.855M
YoY Change -863.57% -460.94%
FREE CASH FLOW
Cash From Operating Activities $24.70M -$1.897M
Capital Expenditures -$2.700M $3.958M
Free Cash Flow $27.40M -$5.855M
YoY Change -567.98% -834.63%

Facts In Submission

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464000
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806000
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CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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6944000
us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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11865000
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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44525000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50747000
us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2017Q3 us-gaap Depreciation
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-1683000
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-238000
us-gaap Gain Loss On Repurchase Of Debt Instrument
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190500000
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800000
CY2018Q1 us-gaap Loss Contingency Estimate Of Possible Loss
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700000
CY2018Q3 us-gaap Guarantee Obligations Maximum Exposure
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800000
CY2018Q3 us-gaap Guarantee Obligations Current Carrying Value
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800000
us-gaap Guarantee Obligations Term
GuaranteeObligationsTerm
12 years

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