MasterCraft Boat Holdings Inc
For the period ended Jun 30, 2024. Filed Aug 30, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Aug 30, 2024
MCFT$19.85-3.2%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| (Dollar amounts in thousands) | 2024 | 2023 | 2022 |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $7,800 | $68,937 | $58,214 |
| Loss from discontinued operations, net of tax | 922 | 21,515 | 29,731 |
| Net income from continuing operations | 8,722 | 90,452 | 87,945 |
| Adjustments to reconcile net income from continuing operations to net cash provided by operating activities: | |||
| Depreciation and amortization | 11,182 | 10,569 | 9,731 |
| Share-based compensation | 2,598 | 3,656 | 3,510 |
| Unrecognized tax benefits | 1,199 | 992 | 2,528 |
| Deferred income taxes | (6,156) | 9,097 | (6,390) |
| Impairments | 9,827 | — | 1,100 |
| Changes in certain operating assets and liabilities | |||
| Accounts receivable | (428) | 10,332 | (13,010) |
| Inventories | 10,457 | 868 | (18,105) |
| Prepaid expenses and other current assets | 1,503 | (2,851) | (2,208) |
| Income taxes | (5,771) | 672 | 4,224 |
| Accounts payable | (7,959) | (3,258) | 3,253 |
| Accrued expenses and other current liabilities | (10,962) | 16,155 | 10,189 |
| Other, net | (1,643) | 140 | (389) |
| Net cash provided by operating activities of continuing operations | 12,569 | 136,824 | 82,378 |
| Net cash used in operating activities of discontinued operations | (72) | (2,628) | (9,067) |
| Net cash provided by operating activities | 12,497 | 134,196 | 73,311 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Purchases of property, plant and equipment | (16,361) | (30,323) | (12,296) |
| Purchases of investments | (143,840) | (123,360) | — |
| Maturities of investments | 158,411 | 32,750 | — |
| Other, net | 5 | — | — |
| Net cash used in investing activities of continuing operations | (1,785) | (120,933) | (12,296) |
| Net cash used in investing activities of discontinued operations | — | (501) | (3,524) |
| Net cash used in investing activities | (1,785) | (121,434) | (15,820) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Principal payments on long-term debt | (4,500) | (3,000) | (3,000) |
| Repurchase and retirement of common stock | (16,257) | (22,949) | (25,454) |
| Borrowings on revolving credit facility | — | — | 12,000 |
| Principal payments on revolving credit facility | — | — | (45,728) |
| Other, net | (2,378) | (1,199) | (358) |
| Net cash used in financing activities of continuing operations | (23,135) | (27,148) | (62,540) |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | (12,423) | (14,386) | (5,049) |
| CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD | 19,817 | 34,203 | 39,252 |
| CASH AND CASH EQUIVALENTS — END OF PERIOD | $7,394 | $19,817 | $34,203 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||
| Cash payments for interest, net of amounts capitalized | $2,993 | $2,425 | $1,190 |
| Cash payments for income taxes | 11,611 | 10,053 | 18,833 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Activity related to sales-type lease | 3,898 | — | — |
| Capital expenditures in accounts payable and accrued expenses | 726 | 980 | 706 |
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