MasterCraft Boat Holdings Inc. (MCFT) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 CHEROKEE COVE DRIVE
VONORE, TN 37855
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 373 - Ship And Boat Building And Repairing (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
MRQ
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36,24619,81734,20339,25216,3195,826
Cash and cash equivalents36,24619,81734,20339,25216,3195,826
Receivables8,78615,74125,60212,43511,06913,414
Inventory, net of allowances, customer advances and progress billings43,05658,29878,63953,48125,63630,660
Inventory43,05658,29878,63953,48125,63630,660
Other undisclosed current assets82,222101,6437,6665,0593,7194,464
Total current assets:170,310195,499146,110110,22756,74354,364
Noncurrent Assets
Property, plant and equipment77,74677,92161,74760,49540,48133,636
Intangible assets, net (including goodwill)63,04363,95565,91189,49293,442153,829
Goodwill28,49328,49328,49329,59329,59374,030
Intangible assets, net (excluding goodwill)34,55035,46237,41859,89963,84979,799
Deferred income tax assets12,76912,42821,52515,13016,080
Other noncurrent assets7,5773,8691,353609752253
Deferred tax assets, net6,240
Other undisclosed noncurrent assets341304406507425451
Total noncurrent assets:161,476158,477150,942166,233151,180194,409
TOTAL ASSETS:331,786353,976297,052276,460207,923248,773
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities65,34188,26891,81463,59640,45051,722
Taxes payable4,600726 426
Employee-related liabilities5,5646,0461,4883,494
Accounts payable10,20520,39128,05023,86110,51017,974
Accrued liabilities55,13667,87753,60032,96328,45229,828
Deferred revenue2,6921,4771,4721,848 
Debt4,3684,3812,8732,8668,9328,725
Self insurance reserve1,2471,5861,171865704606
Other liabilities3,9854,6235,2144,6433,4773,092
Other undisclosed current liabilities2,9682,205(9,372)4711,8644,401
Total current liabilities:80,601102,54093,17274,28955,42768,546
Noncurrent Liabilities
Long-term debt and lease obligation47,07549,29553,67690,27799,666105,016
Long-term debt, excluding current maturities47,07549,29553,67690,27799,666105,016
Liabilities, other than long-term debt10,77910,0526,5564,1063,9602,895
Liability for uncertainty in income taxes7,9367,3506,3583,8303,6832,895
Other liabilities2,8432,702198276277 
Total noncurrent liabilities:57,85459,34760,23294,383103,626107,911
Total liabilities:138,455161,887153,404168,672159,053176,457
Equity
Equity, attributable to parent193,131191,969143,648107,78848,87072,316
Common stock170173181189189188
Additional paid in capital65,06075,97696,584118,930116,182115,582
Retained earnings (accumulated deficit)127,901115,82046,883(11,331)(67,501)(43,454)
Equity, attributable to noncontrolling interest200120    
Total equity:193,331192,089143,648107,78848,87072,316
TOTAL LIABILITIES AND EQUITY:331,786353,976297,052276,460207,923248,773

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues537,040662,046707,862525,808363,073466,381
Cost of revenue
(Cost of Goods and Services Sold)
(410,962)(492,333)(545,500)(395,837)(287,717)(353,254)
Gross profit:126,078169,713162,362129,97175,356113,127
Operating expenses(52,275)(52,798)(84,505)(54,018)(101,923)(79,868)
Operating income (loss):73,803116,91577,85775,953(26,567)33,259
Interest and debt expense(3,183)(2,679)(1,471)(4,125)(5,045)(6,513)
Income (loss) from continuing operations before equity method investments, income taxes:70,620114,23676,38671,828(31,612)26,746
Other undisclosed income from continuing operations before income taxes5,3453,351    
Income (loss) from continuing operations before income taxes:75,965117,58776,38671,828(31,612)26,746
Income tax expense (benefit)(17,128)(27,135)(18,172)(15,658)7,565(5,392)
Income (loss) from continuing operations:58,83790,45258,21456,170(24,047)21,354
Income (loss) before gain (loss) on sale of properties:58,21456,170(24,047)21,354
Net income (loss):58,83790,45258,21456,170(24,047)21,354
Other undisclosed net loss attributable to parent(1,570)(21,515)    
Net income (loss) available to common stockholders, diluted:57,26768,93758,21456,170(24,047)21,354

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):58,83790,45258,21456,170(24,047)21,354
Comprehensive income (loss), net of tax, attributable to parent:58,83790,45258,21456,170(24,047)21,354

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.

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