MasterCraft Boat Holdings Inc
For the period ended Sep 29, 2024. Filed Nov 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.
Sep 29, 2024 · Filed Nov 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
| Three Months Ended | ||
|---|---|---|
| September 29, | October 1, | |
| (Dollar amounts in thousands) | 2024 | 2023 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $(5,145) | $6,195 |
| Loss from discontinued operations, net of tax | 6,161 | 2,336 |
| Income from continuing operations | 1,016 | 8,531 |
| Adjustments to reconcile income from continuing operations to net cash used in operating activities: | ||
| Depreciation and amortization | 2,074 | 2,109 |
| Share-based compensation | 430 | 910 |
| Unrecognized tax benefits | (159) | 196 |
| Deferred income taxes | (177) | (32) |
| Changes in certain operating assets and liabilities | (2,410) | (15,456) |
| Other, net | (1,276) | (1,027) |
| Net cash used in operating activities of continuing operations | (502) | (4,769) |
| Net cash provided by (used in) operating activities of discontinued operations | 2,906 | (4,353) |
| Net cash provided by (used in) operating activities | 2,404 | (9,122) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property, plant and equipment | (2,205) | (3,068) |
| Purchases of investments | — | (9,761) |
| Maturities of investments | 10,596 | 35,347 |
| Net cash provided by investing activities of continuing operations | 8,391 | 22,518 |
| Net cash used in investing activities of discontinued operations | (78) | (1,330) |
| Net provided by in investing activities | 8,313 | 21,188 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Principal payments on long-term debt | (49,500) | (1,125) |
| Repurchase and retirement of common stock | (3,729) | (5,757) |
| Borrowings on revolving credit facility | 49,500 | — |
| Other, net | (222) | (1,542) |
| Net cash used in financing activities of continuing operations | (3,951) | (8,424) |
| Net cash provided by (used in) financing activities of discontinued operations | — | — |
| Net cash used in financing activities | (3,951) | (8,424) |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 6,766 | 3,642 |
| CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD | 7,394 | 19,817 |
| CASH AND CASH EQUIVALENTS — END OF PERIOD | $14,160 | $23,459 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Cash payments for interest, net of amounts capitalized | $738 | $820 |
| Cash payments for income taxes | 7 | 6,380 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Activity related to sales-type lease | — | 3,898 |
| Capital expenditures in accounts payable and accrued expenses | 254 | 328 |
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
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