MasterCraft Boat Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 7, 2024
MCFT$19.85-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
| Six Months Ended | ||
|---|---|---|
| December 31, | January 1, | |
| (Dollar amounts in thousands) | 2023 | 2023 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $12,081 | $23,751 |
| Loss from discontinued operations, net of tax | 922 | 20,867 |
| Net income from continuing operations | 13,003 | 44,618 |
| Adjustments to reconcile net income from continuing operations to net cash provided by operating activities: | ||
| Depreciation and amortization | 5,484 | 5,211 |
| Share-based compensation | 948 | 1,865 |
| Unrecognized tax benefits | 586 | (370) |
| Deferred income taxes | (341) | 4,634 |
| Amortization of debt issuance costs | 124 | 115 |
| Changes in certain operating assets and liabilities | (89) | 22,705 |
| Other, net | (513) | 985 |
| Net cash provided by operating activities of continuing operations | 19,202 | 79,763 |
| Net cash used in operating activities of discontinued operations | (509) | (1,865) |
| Net cash provided by operating activities | 18,693 | 77,898 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property, plant and equipment | (8,118) | (11,915) |
| Purchases of investments | (67,237) | (59,687) |
| Maturities of investments | 87,195 | — |
| Other, net | 5 | — |
| Net cash provided by (used in) investing activities of continuing operations | 11,845 | (71,602) |
| Net cash used in investing activities of discontinued operations | — | (501) |
| Net cash provided by (used in) investing activities | 11,845 | (72,103) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Principal payments on long-term debt | (2,250) | (1,500) |
| Repurchase and retirement of common stock | (10,173) | (8,972) |
| Other, net | (1,686) | (465) |
| Net cash used in financing activities of continuing operations | (14,109) | (10,937) |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 16,429 | (5,142) |
| CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD | 19,817 | 34,203 |
| CASH AND CASH EQUIVALENTS — END OF PERIOD | $36,246 | $29,061 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Cash payments for interest, net of amounts capitalized | $1,580 | $1,125 |
| Cash payments for income taxes | 8,116 | 5,845 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Activity related to sales-type lease | 3,898 | — |
| Capital expenditures in accounts payable and accrued expenses | 1,171 | 1,130 |
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
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