Marinemax, inc. (HZO)
CashFlow / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10Sep'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

35,985

39,312

23,547

22,582

-

-

-

-

-

-

-

Net income

-

-

-

-

48,292

11,272

15,024

1,099

-11,523

2,497

-76,772

Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization

11,600

10,700

9,400

7,964

7,858

7,281

6,777

6,479

6,615

7,357

10,969

Deferred income tax provision

4,384

5,361

12,306

11,639

-

-

-

-

-

-

-

Deferred income tax provision

-

-

-

-

-27,710

-

-

-

-

-

1,513

Loss (gain) on sale of property and equipment

-956

-330

-306

-51

1,846

821

-136

-225

-21

-357

64

Gain on insurance settlements

-

1,082

-

-

-

235

-154

0

0

-

-

Proceeds from insurance settlements

475

2,342

-

-

-

-

-

-

-

-

-

Gain on contingent acquisition consideration

-

-1,440

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

6,524

6,237

6,237

4,241

3,018

2,586

2,735

3,465

3,248

529

5,565

(Increase) decrease in —
Loss on extinguishment and modification of debt and short-term borrowings

-

-

-

-

-

-

-

-

-

1,023

492

Tax benefits from options exercised

-

-

-

-

-

-

-

-

-

19

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

19

-

Accounts receivable, net

5,071

11,279

-266

5,436

5,927

-6,005

-319

4,657

-7,043

-13,026

6,566

Income tax receivable

-

-

-

-

-

-

-

-

-

9,983

-3,239

Inventories, net

84,330

-26,773

57,107

32,417

29,724

16,110

8,853

-8,313

28,660

-17,210

-262,695

Prepaid expenses and other assets

3,182

996

1,710

1,517

-738

307

820

479

-161

-1,236

-1,362

Increase (decrease) in —
Accounts payable

8,701

-3,325

16,835

-4,278

5,687

612

-2,645

-185

1,640

-8,845

11,366

Customer deposits

6,804

-4,065

-9,341

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

16,625

1,752

1,637

832

-590

3,673

530

-1,623

Accrued expenses and long-term liabilities

4,731

1,573

4,042

3,409

931

-1,111

-5,848

-4,996

3,102

-4,687

3,405

Net cash used in operating activities

-12,426

70,414

4,745

22,863

3,069

10,809

7,811

8,674

-14,680

40,216

209,103

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment

17,061

13,804

14,367

12,913

9,746

9,194

9,822

5,732

6,585

4,159

2,101

Proceeds from insurance settlements

461

823

-

-

-

756

1,743

0

0

-

-

Purchase of note receivable

-

-

-

-

-

6,020

-

-

-

-

-

Net cash used in acquisition of businesses

40,713

10,524

18,725

17,062

-

-

4,638

4,393

2,258

-

-

Proceeds from sale of property and equipment and assets held for sale

979

190

994

228

5,995

1,612

113

2,483

151

2,166

240

Net cash used in investing activities

-56,334

-23,315

-32,098

-29,747

-3,751

-12,846

-12,604

-7,642

-8,692

-1,993

-1,861

CASH FLOWS FROM FINANCING ACTIVITIES:
Net borrowings on short-term borrowings

85,580

-43,383

70,819

15,768

12,762

1,954

1,823

1,819

24,984

-48,156

-230,000

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

19

-

Debt modification costs

-

-

-

-

-

-

-

0

10

284

2,378

Net proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

19,614

Net proceeds from issuance of common stock under incentive compensation and employee purchase plans

2,400

7,700

3,200

2,701

3,715

4,166

3,109

1,380

1,245

1,229

766

Contingent acquisition consideration payments

129

3,324

150

-

-

-

-

-

-

-

-

Payments on tax withholdings for equity awards

1,525

510

369

80

541

-

-

-

-

-

-

Purchases of treasury stock

27,708

695

42,738

5,531

10,482

-

-

-

-

-

-

Net cash provided by financing activities

58,630

-40,229

30,720

12,858

5,454

6,120

4,932

3,199

26,219

-47,192

-211,998

Effect of exchange rate changes on cash

-181

-

-

-

-

-

-

-

-

-

-

NET INCREASE IN CASH AND CASH EQUIVALENTS

-10,311

6,870

3,367

-

-

-

-

-

-

-

-

NET DECREASE IN CASH AND CASH EQUIVALENTS

-

-

-

5,974

4,772

4,083

139

4,231

2,847

-8,969

-4,756

Supplemental Disclosures of Cash Flow Information:
Cash paid for:
Interest

13,669

12,021

8,482

6,002

-

-

-

-

-

-

-

Interest

-

-

-

-

4,516

3,932

4,380

4,322

3,261

4,469

14,493

Income taxes

9,152

9,424

457

855

88

58

330

10

31

31

-

Non-cash items:
Exchange of note receivable for property and equipment

-

-

-

-

6,020

-

-

-

-

-

-

Real estate assets classified as held for sale

-

-

-

-

6,650

-

-

-

-

-

-

Held for sale assets classified as property and equipment

-

-

-

3,800

-

-

-

-

-

-

-

Accrued tax withholdings upon vesting of equity awards

1,198

1,525

392

282

-

541

-

-

-

-

-

Contingent consideration liabilities from acquisitions

640

-

3,720

3,307

-

-

-

-

-

-

-

Adjustment to retained earnings and deferred tax assets to adopt ASU 2016-09

-

-

-

5,197

-

-

-

-

-

-

-

Accrued acquisition of property and equipment

995

129

300

-

-

-

-

-

-

-

-

Exchange of equity interest for controlling interest

-

-

-

2,860

-

-

-

-

-

-

-