MasterCraft Boat Holdings, Inc.
For the period ended Jun 30, 2025. Filed Aug 27, 2025.
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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.
FY2025 · Filed Aug 27, 2025
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) | 2025 | 2024 | 2023 |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $7,043 | $7,800 | $68,937 |
| Loss from discontinued operations, net of tax | 3,672 | 15,443 | 24,864 |
| Income from continuing operations | 10,715 | 23,243 | 93,801 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Depreciation and amortization | 9,579 | 8,375 | 8,396 |
| Share-based compensation | 2,915 | 2,602 | 3,462 |
| Unrecognized tax benefits | 518 | 1,199 | 992 |
| Deferred income taxes | (330) | (6,156) | 9,097 |
| Changes in certain operating assets and liabilities | |||
| Accounts receivable | 4,828 | 2,462 | 10,290 |
| Inventories | 6,568 | 6,067 | 3,266 |
| Prepaid expenses and other current assets | 1,634 | 1,284 | (2,636) |
| Income taxes | 2,064 | (5,772) | 672 |
| Accounts payable | (2,017) | (7,594) | (4,065) |
| Accrued expenses and other current liabilities | 455 | (12,208) | 13,132 |
| Other, net | 1,293 | (1,302) | 223 |
| Net cash provided by operating activities of continuing operations | 38,222 | 12,200 | 136,630 |
| Net cash (used in) provided by operating activities of discontinued operations | (2,629) | 297 | (2,434) |
| Net cash provided by operating activities | 35,593 | 12,497 | 134,196 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Purchases of property, plant and equipment | (9,198) | (10,525) | (24,563) |
| Purchases of investments | (58,786) | (143,840) | (123,360) |
| Proceeds from investments | 88,028 | 158,411 | 32,750 |
| Other, net | — | 5 | — |
| Net cash provided by (used in) investing activities of continuing operations | 20,044 | 4,051 | (115,173) |
| Net cash provided by (used in) investing activities of discontinued operations | 25,992 | (5,836) | (6,261) |
| Net cash provided by (used in) investing activities | 46,036 | (1,785) | (121,434) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Principal payments on long-term debt | (49,500) | (4,500) | (3,000) |
| Borrowings on revolving credit facility | 49,500 | — | — |
| Principal payments on revolving credit facility | (49,500) | — | — |
| Repurchase and retirement of common stock | (9,767) | (16,257) | (22,949) |
| Other, net | (830) | (2,378) | (1,199) |
| Net cash used in financing activities of continuing operations | (60,097) | (23,135) | (27,148) |
| Net cash provided by (used in) financing activities of discontinued operations | — | — | — |
| Net cash used in financing activities | (60,097) | (23,135) | (27,148) |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 21,532 | (12,423) | (14,386) |
| CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD | 7,394 | 19,817 | 34,203 |
| CASH AND CASH EQUIVALENTS — END OF PERIOD | $28,926 | $7,394 | $19,817 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||
| Cash payments for interest, net of amounts capitalized | $746 | $2,993 | $2,425 |
| Cash payments for income taxes | 284 | 11,611 | 10,053 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Activity related to sales-type lease | — | 3,898 | — |
| Capital expenditures in accounts payable and accrued expenses | 497 | 656 | 639 |
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