CAVCO INDUSTRIES INC. CVCO Income Statement

Cavco industries inc. (CVCO)

Income statement / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10
Revenues
1,047,552	1,007,530	980,385	962,746	964,162	951,845	910,822	871,235	826,704	807,631	795,472	753,092	732,209	735,825	712,352	676,307	641,812	589,163	566,659	556,620	548,005	538,516	533,339	510,962	487,248	467,506	452,300	442,981	442,942	462,866	443,066	382,375	307,423	223,303	171,827	0	0	0
Cost of sales
813,139	783,951	765,857	757,040	759,945	746,793	720,632	690,555	658,194	645,433	628,721	600,523	586,794	589,962	567,907	537,508	507,602	462,911	440,523	432,872	424,489	416,713	413,856	396,093	377,373	361,808	351,945	342,009	341,623	359,026	347,121	305,750	252,377	189,306	147,549	0	0	0
Gross profit
234,413	223,579	214,528	205,706	204,217	205,052	190,190	180,680	168,510	162,198	166,751	152,569	145,415	145,863	144,445	138,799	134,210	126,252	126,136	123,748	123,516	121,803	119,483	114,869	109,875	105,698	100,355	100,972	101,319	103,840	95,945	76,625	55,046	33,997	24,278	0	0	0
Selling, general and administrative expenses
139,678	133,667	127,619	121,568	118,485	113,697	109,815	106,907	103,615	103,573	102,849	101,264	98,989	100,131	98,103	94,142	92,411	88,110	87,659	87,832	87,854	87,666	87,938	85,494	83,782	81,818	79,313	81,087	81,315	82,785	79,800	64,458	49,198	33,099	21,345	0	0	0
Income from operations
94,735	89,912	86,909	84,138	85,732	91,355	80,375	73,773	64,895	58,625	63,902	51,305	46,426	45,732	46,342	44,657	41,799	38,142	38,477	35,916	35,662	34,137	31,545	29,375	26,093	23,880	21,042	19,885	20,004	21,055	16,145	12,167	5,848	898	2,933	0	0	0
Interest expense
1,886	2,319	2,958	3,444	3,928	4,241	4,321	4,397	4,364	4,219	4,330	4,523	4,676	4,509	4,363	4,379	4,230	4,426	4,587	4,606	4,730	4,767	4,845	4,988	5,172	5,544	5,973	6,501	7,141	7,487	7,265	0	0	0	-	-	-	-
Other income, net
12,576	10,047	5,951	5,982	9,500	10,912	10,954	9,147	3,762	3,497	2,930	2,926	2,684	2,603	2,049	1,982	3,238	3,301	3,437	3,417	1,747	1,338	1,105	1,053	1,296	1,559	1,579	1,482	1,506	1,373	1,338	2,126	2,197	2,208	2,028	0	0	0
Gain on bargain purchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,009	0	0	0	-	-	-	-
Income before income taxes
105,425	97,640	89,902	86,676	91,304	98,026	87,008	78,523	64,293	57,903	62,502	49,708	44,434	43,826	44,028	42,260	40,807	37,017	37,327	34,727	32,679	30,708	27,805	25,440	22,217	19,895	16,648	14,866	14,369	14,941	32,227	30,882	26,677	23,654	4,961	0	0	0
Income tax expense
22,389	22,118	19,689	18,054	20,513	19,192	17,568	17,021	14,043	16,797	18,237	15,653	14,564	15,227	15,487	14,754	14,761	13,574	13,510	12,653	11,351	10,104	9,099	7,967	7,615	7,355	6,351	4,658	4,202	4,283	2,499	2,309	794	-256	889	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
83,036	75,522	70,213	68,622	70,791	78,834	69,440	61,502	50,250	41,106	44,265	34,055	29,870	28,599	28,541	27,506	26,046	23,443	23,817	22,074	21,328	20,604	18,706	17,473	14,602	12,540	10,297	10,208	10,167	10,658	29,728	28,573	25,883	23,910	4,072	0	0	0
Less: net income attributable to redeemable noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,468	4,053	5,617	6,611	5,334	4,984	4,723	4,783	14,491	13,380	12,343	11,375	1,241	0	0	0
Net income attributable to Cavco common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	29,870	28,599	28,541	27,506	26,046	23,443	23,817	22,074	21,328	20,171	16,238	13,420	8,985	5,929	4,963	5,224	5,444	5,875	15,237	15,193	13,540	12,535	2,831	0	0	0
Comprehensive income:
Net income
83,036	75,522	70,213	68,622	70,791	78,834	69,440	61,502	50,250	41,106	44,265	34,055	29,870	28,599	28,541	27,506	26,046	23,443	23,817	22,074	21,328	20,604	18,706	17,473	14,602	12,540	10,297	0	0	0	-	-	-	-	-	-	-	-
Reclassification adjustment for securities sold or matured
0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Applicable income taxes
-11	-11	-16	-15	408	408	547	574	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in unrealized position of investments held
237	313	227	122	-676	-244	2,088	1,249	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Applicable income taxes
50	66	48	26	-489	-318	561	233	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on available-for-sale securities, net of tax
-	-	-	-	-	-	-	-	-	-	-	2,604	2,314	1,139	-	-640	-703	-509	68	238	334	392	82	60	-10	122	238	144	460	154	116	0	0	0	-	-	-	-
Net income
83,036	75,522	70,213	68,622	70,791	78,834	69,440	61,502	50,250	41,106	44,265	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Comprehensive income
83,265	75,810	70,452	68,777	69,963	78,261	70,052	61,554	50,189	40,983	43,862	36,659	32,184	29,738	29,326	26,866	25,343	22,934	23,885	22,312	21,662	20,996	18,788	17,533	14,592	12,662	10,535	10,352	10,627	10,812	29,844	0	0	0	-	-	-	-
Comprehensive income attributable to redeemable noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,392	4,102	5,629	6,672	5,453	5,056	4,953	4,860	14,549	0	0	0	-	-	-	-
Comprehensive income attributable to Cavco common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,396	13,431	8,963	5,990	5,082	5,296	5,674	5,952	15,295	0	0	0	-	-	-	-
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