← CAVCO INDUSTRIES, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $38.0m | $61.5m | $68.6m | $75.1m | $76.6m | $197.7m | $240.6m | $157.8m | $171.0m | $190.6m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $38.0m | $61.5m | $68.6m | $75.1m | $76.6m | $197.7m | $240.8m | $157.9m | $171.0m | $190.6m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $38.0m | $61.5m | $68.6m | $75.1m | $76.6m | $197.7m | $240.8m | $157.9m | $171.0m | $190.6m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | $43k | $287k | $88k | — | — | |
| Depreciation, Depletion and Amortization | $3.7m | $4.0m | $4.7m | $5.8m | $6.3m | $11.0m | $16.9m | $18.5m | $19.3m | $23.0m | |
| Amortization | $368k | $368k | $324k | $606k | $747k | $1.4m | $2.1m | $1.6m | $1.5m | $2.0m | |
| Amortization of Intangible Assets | $368k | $368k | $324k | $606k | $747k | $1.4m | $2.1m | $1.6m | $1.5m | $2.0m | |
| Depreciation | $3.3m | $3.7m | $4.4m | $5.2m | $5.6m | $9.6m | $14.8m | $17.0m | $17.7m | $21.1m | |
| Deferred Income Tax Expense (Benefit) | $271k | ($4.3m) | ($241k) | $204k | $315k | ($1.8m) | $2.0m | ($3.1m) | ($6.5m) | $9.7m | |
| Share-based Payment Arrangement, Noncash Expense | $2.1m | $2.3m | $3.4m | $3.9m | $4.4m | $5.1m | $6.3m | $6.8m | $8.7m | $12.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | $1.1m | $2.0m | $3.4m | $4.8m | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $0 | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | — | — | — | $10.0m | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | $62k | $77k | $53k | $3.4m | ($116k) | $220k | $281k | ($132k) | ($58k) | $35k | |
| Income Tax Expense (Benefit) | $17.3m | $17.0m | $18.1m | $17.9m | $20.3m | $14.2m | $65.9m | $41.3m | $40.0m | $54.1m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $517k | $541k | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | $222k | $335k | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $2.1m | $4.1m | $5.7m | $1.4m | $4.6m | $27.3m | ($10.2m) | ($11.6m) | $28.8m | ($2.9m) | |
| Increase (Decrease) in Inventories | ($958k) | $13.4m | $7.1m | ($8.2m) | $17.7m | $73.8m | ($38.9m) | ($44.9m) | $11.4m | ($4.9m) | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | ($355k) | ($2.3m) | $8.5m | $2.2m | $561k | $1.9m | ($1.0m) | $1.4m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | ($64k) | ($232k) | $2.2m | $551k | $958k | $348k | $1.2m | $468k | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($291k) | ($2.0m) | $6.3m | $1.6m | ($397k) | $1.5m | ($2.2m) | $897k | |
| Goodwill | — | — | — | $75.1m | $75.1m | $101.0m | $114.5m | $121.9m | $122.0m | $208.8m | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | $21.1m | $16.3m | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | — | — | — | — | $23.0m | $26.0m | $33.5m | $37.5m | $43.4m | $31.0m | |
| Proceeds from Stock Options Exercised | ($1.4m) | ($915k) | ($114k) | ($1.1m) | ($2.8m) | $4.2m | $3.7m | $4.5m | $4.5m | $2.2m | |
| Provision for Loan, Lease, and Other Losses | $792k | $422k | $562k | $1.3m | ($1.2m) | ($325k) | ($517k) | ($632k) | ($511k) | ($589k) | |
| Financing Receivable, Credit Loss, Expense (Reversal) | $82k | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $44.8m | $58.8m | $32.8m | $101.7m | $114.0m | $144.2m | $255.7m | $224.7m | $178.5m | $267.5m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $5.3m | $8.4m | $7.6m | $14.3m | $25.5m | $18.7m | $44.1m | $17.4m | $21.4m | $35.4m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | $105.7m | $19.2m | $0 | $172.8m | |
| Net Cash Provided by (Used in) Investing Activities | ($7.1m) | ($4.7m) | ($5.8m) | ($25.2m) | ($23.3m) | ($159.1m) | ($129.3m) | ($31.7m) | ($24.0m) | ($222.4m) | |
| Cash flows from financing activities: | |||||||||||
| Payments for Repurchase of Common Stock | — | — | $0 | $0 | $1.4m | $59.6m | $103.4m | $109.3m | $148.7m | $159.9m | |
| Net Cash Provided by (Used in) Financing Activities | ($3.0m) | $124k | ($26.4m) | ($20.8m) | ($7.0m) | ($65.1m) | ($102.2m) | ($107.7m) | ($147.9m) | ($162.8m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $35.8m | $54.4m | $611k | $55.7m | $83.7m | ($80.0m) | $24.2m | $85.3m | $6.6m | ($117.7m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $35.8m | $54.4m | $199.9m | $255.6m | $339.3m | $259.3m | $283.5m | $368.8m | $375.3m | $257.6m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $3.4m | $2.9m | $2.3m | $736k | $468k | $451k | $619k | $801k | $11k | $272k | |
| Income Taxes Paid, Net | $18.1m | $17.3m | $19.9m | $18.8m | $19.5m | $31.4m | $82.4m | $36.8m | $45.6m | $39.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.