MALIBU BOATS INC
For the period ended Mar 31, 2024. Filed May 2, 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.
Mar 31, 2024 · Filed May 2, 2024
MBUU$20.55-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (Unaudited)
Table of Contents 5
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
| Nine Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net (loss) income | $(36,845) | $125,953 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Non-cash compensation expense | 3,162 | 5,402 |
| Non-cash compensation to directors | 1,466 | 843 |
| Depreciation | 19,211 | 16,147 |
| Amortization | 5,114 | 5,111 |
| Deferred income taxes | 546 | 3,324 |
| Goodwill and other intangible asset impairment | 88,389 | — |
| Other items, net | 1,701 | 1,128 |
| Change in operating assets and liabilities: | ||
| Trade receivables | 22,889 | (29,350) |
| Inventories | 16,282 | (28,513) |
| Prepaid expenses and other assets | 81 | (390) |
| Accounts payable | (2,598) | 6,776 |
| Income taxes payable | (567) | 307 |
| Accrued expenses | (78,233) | 2,885 |
| Other liabilities | (1,377) | (1,633) |
| Net cash provided by operating activities | 39,221 | 107,990 |
| Investing activities: | ||
| Purchases of property, plant and equipment | (64,106) | (43,505) |
| Proceeds from sale or disposal of property, plant and equipment | 14 | — |
| Net cash used in investing activities | (64,092) | (43,505) |
| Financing activities: | ||
| Proceeds from revolving credit facility | 75,000 | 141,700 |
| Principal payments on long-term borrowings | — | (23,125) |
| Payments on revolving credit facility | (60,000) | (217,000) |
| Payment of deferred financing costs | — | (1,362) |
| Proceeds received from exercise of stock options | — | 132 |
| Cash paid for withholding taxes on vested restricted stock | (1,242) | (2,895) |
| Distributions to LLC Unit holders | (890) | (2,429) |
| Repurchase and retirement of common stock | (19,743) | (7,868) |
| Net cash used in financing activities | (6,875) | (112,847) |
| Effect of exchange rate changes on cash | (75) | (224) |
| Changes in cash | (31,821) | (48,586) |
| Cash—Beginning of period | 78,937 | 83,744 |
| Cash—End of period | $47,116 | $35,158 |
| Supplemental cash flow information: | ||
| Cash paid for interest | $2,513 | $2,457 |
| Cash paid for income taxes | 1,991 | 34,117 |
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