← MALIBU BOATS, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $18.0m | $28.4m | $27.6m | $66.1m | $61.6m | $109.8m | $157.6m | $104.5m | ($55.9m) | $14.9m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $18.0m | $28.4m | $27.6m | $66.1m | $64.7m | $114.3m | $163.4m | $107.9m | ($56.4m) | $15.2m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $20.3m | $31.1m | $31.0m | $69.7m | $64.7m | $114.3m | $163.4m | $107.9m | ($56.4m) | $15.2m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $2.3m | $2.7m | $3.4m | $3.6m | $3.1m | $4.4m | $5.8m | $3.4m | ($531k) | $361k | |
| Depreciation, Depletion and Amortization | $5.5m | $6.7m | $12.9m | $16.0m | $18.4m | $22.9m | $26.3m | $28.7m | $33.0m | $31.8m | |
| Amortization | — | — | $5.2m | $6.0m | $6.1m | $7.3m | $7.0m | $6.8m | $6.8m | $6.8m | |
| Amortization of Debt Issuance Costs | $244k | $243k | $1.2m | $516k | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $2.2m | $2.2m | $5.2m | $6.0m | $6.1m | $7.3m | $7.0m | $6.8m | $6.8m | $6.8m | |
| Depreciation | $3.3m | $4.5m | $7.7m | $10.0m | $12.2m | $15.6m | $19.4m | $21.9m | $26.2m | $31.8m | |
| Deferred Income Tax Expense (Benefit) | $5.2m | $9.6m | $45.8m | $6.8m | $8.7m | $6.9m | $4.7m | ($16.3m) | ($4.5m) | $3.6m | |
| Share-based Payment Arrangement, Noncash Expense | $1.9m | $1.4m | $2.0m | $2.6m | $3.0m | $5.6m | $6.3m | $5.9m | $4.9m | $5.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $156k | $258k | $691k | $1.2m | — | $1.2m | $2.1m | $3.1m | $1.5m | $1.1m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | $0 | $0 | $88.4m | $0 | |
| Goodwill, Impairment Loss | $0 | $0 | — | — | — | — | — | $0 | $49.2m | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $88.4m | $0 | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | — | — | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | — | $0 | $0 | $39.2m | $39.2m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $29k | ($4k) | $60k | $0 | ($61k) | ($374k) | ($6k) | $202k | $120k | $543k | |
| Income Tax Expense (Benefit) | $11.8m | $17.6m | $58.4m | $22.1m | $19.1m | $34.0m | $46.5m | $33.6m | ($1.3m) | $5.0m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $1.8m | $1.9m | |
| Other Nonoperating Income (Expense) | ($3.8m) | $9.2m | $19.3m | ($6.3m) | ($1.6m) | ($1.5m) | — | ($3.3m) | ($1.8m) | ($1.5m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $5.2m | ($4.9m) | $12.2m | $3.0m | ($14.2m) | $32.9m | $1.8m | $16.8m | ($45.3m) | ($106k) | |
| Increase (Decrease) in Inventories | $52k | $3.3m | $6.3m | $15.4m | $5.3m | $35.6m | $38.0m | $14.4m | ($25.7m) | ($3.4m) | |
| Increase (Decrease) in Accounts Payable | $7.0m | ($5.0m) | $4.6m | ($2.8m) | ($5.8m) | $24.5m | ($287k) | ($5.1m) | ($20.6m) | $6.6m | |
| General and Administrative Expense | $21.3m | $24.8m | $31.4m | $44.3m | $39.9m | $61.9m | $66.4m | $175.7m | $76.3m | $92.5m | |
| Goodwill | $12.5m | $12.7m | $32.2m | $51.4m | $51.3m | $101.0m | $100.8m | $100.6m | $51.4m | $51.3m | |
| Nonoperating Income (Expense) | — | — | — | — | — | — | ($3.9m) | — | — | — | |
| Payments of Financing Costs | — | — | — | — | — | — | — | $1.4m | $0 | $0 | |
| Proceeds from Stock Options Exercised | — | $0 | $0 | $749k | $377k | $375k | $3.3m | $1.3m | $0 | $233k | |
| Derivative, Gain (Loss) on Derivative, Net | ($863k) | $912k | $369k | — | — | — | — | — | — | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | ($983k) | ($331k) | $4k | $385k | |
| Net Cash Provided by (Used in) Operating Activities | $35.6m | $35.9m | $58.5m | $81.5m | $94.1m | $131.3m | $164.8m | $184.7m | $55.6m | $56.5m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $6.2m | $9.3m | $10.4m | $17.9m | $41.3m | $30.7m | $55.1m | $54.8m | $76.0m | $27.9m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $0 | $125.6m | $100.1m | — | $150.4m | $6.6m | $0 | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($6.0m) | ($9.2m) | ($135.9m) | ($118.0m) | ($40.4m) | ($181.1m) | ($61.6m) | ($54.6m) | ($75.8m) | ($27.4m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $0 | $55.0m | $105.0m | $0 | — | — | — | — | — | — | |
| Repayments of Long-term Debt | $6.5m | $72.0m | $50.0m | $35.0m | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $4.0m | $0 | $0 | $0 | $13.8m | $0 | $34.6m | $7.9m | $29.3m | $36.0m | |
| Net Cash Provided by (Used in) Financing Activities | ($12.0m) | ($19.7m) | $106.2m | $2.4m | ($47.3m) | $57.3m | ($60.4m) | ($134.6m) | ($31.7m) | ($18.8m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($56k) | $10k | $0 | ($95k) | ($29k) | $127k | ($580k) | ($328k) | ($13k) | ($255k) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($56k) | $10k | $0 | ($34.2m) | $6.4m | $7.7m | $42.3m | ($4.8m) | ($52.0m) | $10.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $27.4m | $33.8m | $41.5m | $83.7m | $78.9m | $26.9m | $37.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $3.1m | $2.3m | $4.4m | $6.0m | $3.8m | $2.0m | $2.3m | $3.1m | $3.0m | $1.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.