Cavco Industries, Inc. (CVCO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
3636 N CENTRAL AVE PHOENIX, AZ 85012 |
| State of Incorp. | DE |
| Fiscal Year End | March 31 |
| Industry (SIC) | 2451 - Mobile Homes (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q3 | 9/30/2023 Q2 | 6/30/2023 Q1 | 3/31/2023 Q4 | 12/31/2022 Q3 | 9/30/2022 Q2 | 6/30/2022 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 391,622 | 366,407 | 286,405 | 392,755 | 349,616 | 253,936 | |||
| Cash and cash equivalents | 377,264 | 352,234 | 271,427 | 376,148 | 333,249 | 238,072 | |||
| Short-term investments | 14,358 | 14,173 | 14,978 | 16,607 | 16,367 | 15,864 | |||
| Restricted cash and investments | 17,180 | 13,560 | 11,728 | 9,911 | 14,535 | 14,555 | |||
| Receivables | 99,063 | 98,354 | 106,366 | 94,123 | 115,225 | 129,161 | |||
| Inventory, net of allowances, customer advances and progress billings | 244,476 | 253,986 | 263,150 | 215,458 | 233,965 | 254,722 | |||
| Inventory | 244,476 | 253,986 | 263,150 | 215,458 | 233,965 | 254,722 | |||
| Other undisclosed current assets | 123,102 | 126,380 | 136,930 | 120,307 | 106,450 | 95,651 | |||
| Total current assets: | 875,443 | 858,687 | 804,579 | 832,554 | 819,791 | 748,025 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 6,044 | 6,088 | 6,132 | ||||||
| Operating lease, right-of-use asset | 34,413 | 26,162 | 26,755 | 17,230 | 16,210 | 16,985 | |||
| Property, plant and equipment | 223,664 | 223,663 | 228,278 | 194,329 | 189,968 | 185,534 | |||
| Long-term investments and receivables | 45,740 | 43,858 | 45,768 | 51,774 | 68,915 | 67,166 | |||
| Due from related parties | ✕ | ✕ | ✕ | ✕ | 3,049 | 2,022 | 1,652 | ||
| Long-term investments | 20,507 | 17,967 | 18,639 | 21,822 | 38,323 | 36,815 | |||
| Accounts and financing receivable, after allowance for credit loss | 25,233 | 25,891 | 27,129 | 26,903 | 28,570 | 28,699 | |||
| Intangible assets, net (including goodwill) | 145,020 | 144,896 | 144,337 | 127,525 | 128,027 | 128,944 | |||
| Goodwill | 116,015 | 115,498 | 114,547 | 100,577 | 100,577 | 100,993 | |||
| Intangible assets, net (excluding goodwill) | 29,005 | 29,398 | 29,790 | 26,948 | 27,450 | 27,951 | |||
| Restricted cash and investments | 585 | 585 | 335 | 335 | 335 | 335 | |||
| Other undisclosed noncurrent assets | 37,882 | 55,196 | 51,835 | 34,595 | 41,420 | 36,811 | |||
| Total noncurrent assets: | 493,348 | 494,360 | 503,396 | 431,920 | 444,875 | 435,775 | |||
| TOTAL ASSETS: | 1,368,791 | 1,353,047 | 1,307,975 | 1,264,474 | 1,264,666 | 1,183,800 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 305,475 | 293,376 | 293,391 | 278,423 | 361,283 | 357,574 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 55,232 | 52,899 | ||
| Accounts payable | 41,095 | 28,634 | 30,730 | 26,788 | 42,655 | 44,897 | |||
| Accrued liabilities | 264,380 | 264,742 | 262,661 | 251,635 | 263,396 | 259,778 | |||
| Other undisclosed current liabilities | (55,232) | (52,899) | |||||||
| Total current liabilities: | 305,475 | 293,376 | 293,391 | 278,423 | 306,051 | 304,675 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 12,289 | 13,135 | |||||||
| Liabilities, other than long-term debt | 44,061 | 35,725 | 37,079 | 29,619 | 16,468 | 13,751 | |||
| Deferred income tax liabilities | 5,740 | 5,702 | 7,581 | 8,663 | 6,048 | 3,056 | |||
| Other liabilities | 7,792 | 7,909 | 7,820 | 7,898 | 10,420 | 10,695 | |||
| Operating lease, liability | 30,529 | 22,114 | 21,678 | 13,058 | 12,289 | 13,135 | |||
| Total noncurrent liabilities: | 44,061 | 35,725 | 37,079 | 29,619 | 28,757 | 26,886 | |||
| Total liabilities: | 349,536 | 329,101 | 330,470 | 308,042 | 334,808 | 331,561 | |||
| Temporary equity, carrying amount | 2,442 | 2,300 | 2,268 | 2,318 | 2,290 | 2,371 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,019,255 | 1,022,826 | 976,286 | 955,500 | 928,932 | 851,562 | |||
| Common stock | 94 | 93 | 93 | 93 | 93 | 93 | |||
| Treasury stock, value | (211,646) | (164,452) | (164,452) | (134,270) | (100,000) | (100,000) | |||
| Additional paid in capital | 274,204 | 272,175 | 271,950 | 268,423 | 267,183 | 263,626 | |||
| Accumulated other comprehensive loss | (603) | (657) | (615) | (744) | (818) | (515) | |||
| Retained earnings | 957,206 | 915,667 | 869,310 | 821,998 | 762,474 | 688,358 | |||
| Equity, attributable to noncontrolling interest | 1,120 | 1,219 | 932 | 926 | 677 | ||||
| Total equity: | 1,019,255 | 1,023,946 | 977,505 | 956,432 | 929,858 | 852,239 | |||
| Other undisclosed liabilities and equity | (2,442) | (2,300) | (2,268) | (2,318) | (2,290) | (2,371) | |||
| TOTAL LIABILITIES AND EQUITY: | 1,368,791 | 1,353,047 | 1,307,975 | 1,264,474 | 1,264,666 | 1,183,800 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q3 | 9/30/2023 Q2 | 6/30/2023 Q1 | 3/31/2023 Q4 | 12/31/2022 Q3 | 9/30/2022 Q2 | 6/30/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 452,030 | 475,875 | 1,021,034 | 500,603 | 577,392 | 588,338 | ||
| Cost of revenue | (345,073) | (357,996) | (745,251) | (368,635) | (419,793) | (443,614) | ||
| Gross profit: | 106,957 | 117,879 | 275,783 | 131,968 | 157,599 | 144,724 | ||
| Operating expenses | (61,506) | (61,680) | (111,797) | (58,904) | (66,894) | (66,136) | ||
| Operating income: | 45,451 | 56,199 | 163,986 | 73,064 | 90,705 | 78,588 | ||
| Nonoperating income (expense) | 6,467 | 4,744 | (11,002) | 3,233 | 2,339 | 883 | ||
| Investment income, nonoperating | 5,812 | 4,618 | ||||||
| Other nonoperating income (expense) | 655 | 126 | (11,002) | 3,233 | 2,339 | 883 | ||
| Interest and debt expense | (257) | (266) | (334) | (216) | (233) | (161) | ||
| Income from continuing operations before equity method investments, income taxes: | 51,661 | 60,677 | 152,650 | 76,081 | 92,811 | 79,310 | ||
| Other undisclosed income from continuing operations before income taxes | 10,679 | |||||||
| Income from continuing operations before income taxes: | 51,661 | 60,677 | 163,329 | 76,081 | 92,811 | 79,310 | ||
| Income tax expense | (10,088) | (14,266) | (66,832) | (16,492) | (18,613) | (19,616) | ||
| Other undisclosed income from continuing operations | 910 | 16,492 | 18,613 | 19,616 | ||||
| Income from continuing operations: | 41,573 | 46,411 | 97,407 | 76,081 | 92,811 | 79,310 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 92,811 | 79,310 | |
| Other undisclosed net loss | (910) | (16,492) | (18,613) | (19,616) | ||||
| Net income: | 41,573 | 46,411 | 96,497 | 59,589 | 74,198 | 59,694 | ||
| Net loss attributable to noncontrolling interest | (34) | (54) | (65) | (82) | (92) | |||
| Other undisclosed net loss attributable to parent | (18) | |||||||
| Net income attributable to parent: | 41,539 | 46,357 | 96,479 | 59,524 | 74,116 | 59,602 | ||
| Other undisclosed net income available to common stockholders, basic | 287 | |||||||
| Net income available to common stockholders, diluted: | 41,539 | 46,357 | 96,766 | 59,524 | 74,116 | 59,602 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q3 | 9/30/2023 Q2 | 6/30/2023 Q1 | 3/31/2023 Q4 | 12/31/2022 Q3 | 9/30/2022 Q2 | 6/30/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 41,573 | 46,411 | 96,497 | 59,589 | 74,198 | 59,694 | ||
| Other undisclosed comprehensive income (loss) | 54 | (42) | (73) | 74 | (303) | (112) | ||
| Comprehensive income: | 41,627 | 46,369 | 96,424 | 59,663 | 73,895 | 59,582 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (34) | (54) | (18) | (65) | (82) | (92) | ||
| Comprehensive income, net of tax, attributable to parent: | 41,593 | 46,315 | 96,406 | 59,598 | 73,813 | 59,490 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.