Skyline Champion Corporation (SKY) Financial Statements (2024 and earlier)

Company Profile

Business Address 755 W BIG BEAVER ROAD
TROY, MI 48084
State of Incorp. IN
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)

12/31/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
5/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments747,453435,413262,581209,455126,63411,384
Cash and cash equivalents747,453435,413262,581209,455126,63411,384
Receivables67,29690,53657,48145,73357,64912,751
Inventory, net of allowances, customer advances and progress billings202,238241,334166,113126,386122,63812,233
Inventory202,238241,334166,113126,386122,63812,233
Other current assets26,47914,97713,59217,23911,369563
Other undisclosed current assets      371
Total current assets:1,043,466782,260499,767398,813318,29037,302
Noncurrent Assets
Operating lease, right-of-use asset    14,808
Property, plant and equipment177,125132,985115,140109,291108,58710,976
Intangible assets, net (including goodwill)241,917243,253250,638216,878222,342 
Goodwill196,574191,970191,803173,521173,406 
Intangible assets, net (excluding goodwill)45,34351,28358,83543,35748,936 
Deferred income tax assets17,42217,75019,914 
Other noncurrent assets82,79458,37132,44334,90616,6777,366
Other undisclosed noncurrent assets    7,00434,058 
Total noncurrent assets:519,258452,359418,135382,887381,66418,342
TOTAL ASSETS:1,562,7241,234,619917,902781,700699,95455,644
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities44,70292,15957,21438,70343,42116,505
Employee-related liabilities    3,530
Accounts payable44,70292,15957,21438,70343,4213,861
Accrued liabilities      9,114
Debt    4,789  
Other liabilities204,215222,493180,695114,030129,561 
Customer advances and deposits1,880
Other undisclosed current liabilities 35,46025,73329,12533,321 
Total current liabilities:248,917350,112263,642186,647206,30318,385
Noncurrent Liabilities
Long-term debt and lease obligation12,43012,43039,33077,33054,330 
Long-term debt, excluding current maturities12,43012,43039,33077,33054,330 
Liabilities, other than long-term debt68,37646,96446,31940,14423,9277,648
Accounts payable and accrued liabilities      2,800
Deferred compensation liability, classified      4,848
Deferred income tax liabilities5,9645,1244,280 
Other liabilities62,41241,84042,03940,14423,927 
Other undisclosed noncurrent liabilities    3,2643,4224,312
Total noncurrent liabilities:80,80659,39485,649120,73881,67911,960
Total liabilities:329,723409,506349,291307,385287,98230,345
Equity
Equity, attributable to parent1,233,001825,113568,611474,315411,97225,299
Common stock1,5851,5731,5691,5701,569312
Treasury stock, value      (65,744)
Additional paid in capital519,479502,846491,668485,552479,2265,171
Accumulated other comprehensive loss(13,735)(7,208)(7,524)(12,759)(10,615) 
Retained earnings (accumulated deficit)725,672327,90282,898(48)(58,208)85,560
Total equity:1,233,001825,113568,611474,315411,97225,299
TOTAL LIABILITIES AND EQUITY:1,562,7241,234,619917,902781,700699,95455,644

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

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
5/31/2017
Revenues2,606,5602,207,2291,420,8811,369,7301,360,043236,504
Revenue, net236,504
Cost of revenue
(Cost of Goods and Services Sold)
(1,787,879)(1,618,106)(1,133,186)(1,090,755)(1,114,684)(214,527)
Gross profit:818,681589,123287,695278,975245,35921,977
Operating expenses(300,396)(256,218)(178,936)(186,855)(270,158)(21,628)
Other undisclosed operating loss    (5,665)(4,943) 
Operating income (loss):518,285332,905108,75986,455(29,742)349
Nonoperating income (expense)18,8877696,4543,231(6,228) 
Investment income, nonoperating 18,2537335653,2312,043 
Other nonoperating income (expense)634365,889 (8,271) 
Interest and debt expense(3,276)(3,245)(3,813)(4,632)(5,333)(344)
Income (loss) from continuing operations before equity method investments, income taxes:533,896330,429111,40085,054(41,303)5
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:533,896330,429111,40085,054(41,303)5
Income tax expense(132,094)(82,385)(26,501)(26,894)(16,905) 
Income (loss) from continuing operations:401,802248,04484,89958,160(58,208)5
Income (loss) before gain (loss) on sale of properties:248,04484,89958,160(58,208)5
Net income (loss) attributable to parent:401,802248,04484,89958,160(58,208)5
Undistributed earnings (loss) allocated to participating securities, basic   (77)(170) 
Net income (loss) available to common stockholders, diluted:401,802248,04484,82257,990(58,208)5

Comprehensive Income ($ in thousands)

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
5/31/2017
Net income (loss):401,802248,04484,89958,160(58,208)5
Other comprehensive loss     (1,322) 
Comprehensive income (loss):401,802248,04484,89958,160(59,530)5
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(6,527)3165,235(2,144)  
Comprehensive income (loss), net of tax, attributable to parent:395,275248,36090,13456,016(59,530)5

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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