Cavco industries inc. (CVCO)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10
Revenues

273,722

268,675

264,042

241,113

233,700

241,530

246,403

242,529

221,383

200,507

206,816

202,310

188,348

185,141

177,293

181,427

191,964

161,668

141,248

146,932

139,315

139,164

131,209

138,317

129,826

133,987

108,832

114,603

110,084

118,781

99,513

114,564

130,008

98,981

38,822

39,612

45,888

47,505

Cost of sales

213,867

210,208

203,744

185,320

184,679

192,114

194,927

188,225

171,527

165,953

164,850

158,766

149,241

151,889

140,627

145,037

152,409

129,834

110,228

115,131

107,718

107,446

102,577

106,748

99,942

104,589

84,814

88,028

84,377

94,726

74,878

87,642

101,780

82,821

33,507

34,269

38,709

41,064

Gross profit

59,855

58,467

60,298

55,793

49,021

49,416

51,476

54,304

49,856

34,554

41,966

43,544

39,107

33,252

36,666

36,390

39,555

31,834

31,020

31,801

31,597

31,718

28,632

31,569

29,884

29,398

24,018

26,575

25,707

24,055

24,635

26,922

28,228

16,160

5,315

5,343

7,179

6,441

Selling, general and administrative expenses

36,844

36,083

35,264

31,487

30,833

30,035

29,213

28,404

26,045

26,153

26,305

26,003

25,429

24,687

25,145

23,728

26,571

22,659

21,184

21,997

22,270

22,208

21,357

22,019

22,082

22,480

18,913

20,307

20,118

19,975

20,687

20,535

21,588

16,990

5,345

5,275

5,489

5,236

Income from operations

23,011

22,384

25,034

24,306

18,188

19,381

22,263

25,900

23,811

8,401

15,661

17,541

13,678

8,565

11,521

12,662

12,984

9,175

9,836

9,804

9,327

9,510

7,275

9,550

7,802

6,918

5,105

6,268

5,589

4,080

3,948

6,387

6,640

-830

-30

68

1,690

1,205

Interest expense

490

302

486

608

923

941

972

1,092

1,236

1,021

1,048

1,091

1,132

1,161

1,139

1,244

965

1,015

1,155

1,095

1,161

1,176

1,174

1,219

1,198

1,254

1,317

1,403

1,570

1,683

1,845

2,043

1,916

1,461

-

-

-

-

Other income, net

2,211

5,173

2,814

2,378

-318

1,077

2,845

5,896

1,094

1,119

1,038

829

552

1,026

519

587

471

472

452

1,843

534

608

432

173

125

375

380

416

388

395

283

440

255

360

1,071

511

266

180

Gain on bargain purchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

22,009

-

-

-

-

Income before income taxes

24,732

27,255

27,362

26,076

16,947

19,517

24,136

30,704

23,669

8,499

15,651

17,279

13,098

8,430

10,901

12,005

12,490

8,632

9,133

10,552

8,700

8,942

6,533

8,504

6,729

6,039

4,168

5,281

4,407

2,792

2,386

4,784

4,979

20,078

1,041

579

1,956

1,385

Income tax expense

3,834

6,370

6,080

6,105

3,563

3,941

4,445

8,564

2,242

2,317

3,898

4,996

3,757

2,987

3,913

3,907

4,420

3,247

3,180

3,914

3,233

3,183

2,323

2,612

1,986

2,178

1,191

2,260

1,726

1,174

-502

1,804

1,807

-610

-692

289

757

535

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

20,898

20,885

21,282

19,971

13,384

15,576

19,691

22,140

21,427

6,182

11,753

12,283

9,341

5,443

6,988

8,098

8,070

5,385

5,953

6,638

5,467

5,759

4,210

5,892

4,743

3,861

2,977

3,021

2,681

1,618

2,888

2,980

3,172

20,688

1,733

290

1,199

850

Less: net income attributable to redeemable noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

433

2,035

1,585

1,564

1,427

758

1,235

1,303

1,487

10,466

124

266

519

332

Net income attributable to Cavco common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

9,341

5,443

6,988

8,098

8,070

5,385

5,953

6,638

5,467

5,759

4,210

5,892

4,310

1,826

1,392

1,457

1,254

860

1,653

1,677

1,685

10,222

1,609

24

680

518

Comprehensive income:
Net income

20,898

20,885

21,282

19,971

13,384

15,576

19,691

22,140

21,427

6,182

11,753

12,283

9,341

5,443

6,988

8,098

8,070

5,385

5,953

6,638

5,467

5,759

4,210

5,892

4,743

3,861

2,977

3,021

2,681

1,618

-

-

-

-

-

-

-

-

Reclassification adjustment for securities sold or matured

-15

0

-2

-

-14

-24

0

-

-8

383

76

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Applicable income taxes

-3

0

-1

-7

-3

-5

0

416

-3

134

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in unrealized position of investments held

-14

29

111

111

62

-57

6

-687

494

2,275

-833

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Applicable income taxes

-3

6

23

24

13

-12

1

-491

184

867

-327

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on available-for-sale securities, net of tax

-

-

-

-

-

-

-

-

-

-

-

253

879

-55

-

-37

-296

-409

102

-100

-102

168

272

-4

-44

-142

250

-74

88

-26

156

242

-218

-64

-

-

-

-

Net income

20,898

20,885

21,282

19,971

13,384

15,576

19,691

22,140

21,427

6,182

11,753

12,283

9,341

5,443

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,980

3,172

20,688

-

290

1,199

850

Comprehensive income

20,899

20,908

21,371

20,087

13,444

15,550

19,696

21,273

21,742

7,341

11,198

12,536

10,220

5,388

8,515

8,061

7,774

4,976

6,055

6,538

5,365

5,927

4,482

5,888

4,699

3,719

3,227

2,947

2,769

1,592

3,044

3,222

2,954

20,624

-

-

-

-

Comprehensive income attributable to redeemable noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

428

1,964

1,710

1,527

1,471

745

1,313

1,424

1,378

10,434

-

-

-

-

Comprehensive income attributable to Cavco common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,482

5,888

4,271

1,755

1,517

1,420

1,298

847

1,731

1,798

1,576

10,190

-

-

-

-

Earnings Per Share [Abstract]
Basic (usd per share)

2.29

2.29

2.34

2.19

1.47

1.72

2.18

2.46

2.37

0.69

1.30

1.37

1.04

0.61

0.78

0.91

0.91

0.61

0.67

0.75

0.62

0.65

0.53

0.67

0.51

0.26

0.20

0.21

0.18

0.12

0.25

0.24

0.24

1.49

0.25

0.00

0.10

0.08

Diluted (usd per share)

2.25

2.25

2.31

2.17

1.44

1.67

2.12

2.40

2.33

0.67

1.28

1.35

1.03

0.60

0.77

0.89

0.89

0.60

0.65

0.74

0.61

0.64

0.52

0.66

0.50

0.26

0.20

0.21

0.18

0.12

0.23

0.24

0.24

1.48

0.23

0.00

0.10

0.08

Weighted average shares outstanding:
Basic (in shares)

9,138

9,119

9,102

9,097

9,097

9,079

9,048

9,039

9,030

9,020

9,006

8,992

8,980

8,937

8,913

8,903

8,878

8,863

8,858

8,857

8,852

8,848

8,821

8,838

8,422

6,968

6,967

6,967

6,967

6,923

6,890

6,890

6,890

6,838

-6,528,383

6,651

6,541

6,541,739

Diluted (in shares)

9,293

9,266

9,217

9,233

9,270

9,304

9,267

9,247

9,214

9,181

9,162

9,102

9,100

9,085

9,067

9,064

9,032

9,020

9,019

9,016

9,014

9,012

8,928

8,991

8,547

7,049

7,033

7,037

7,041

6,995

7,012

6,951

6,937

6,894

-6,739,416

6,841

6,747

6,753,265