Marinemax, inc. (HZO)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'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'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

5,065

9,059

6,685

19,087

5,303

4,910

11,540

17,376

6,184

4,212

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

2,749

2,643

-

13,819

2,489

688

32,838

14,850

390

214

5,117

11,503

-1,979

-3,369

5,206

13,636

344

-4,162

-1,598

4,613

2,297

-4,213

-5,689

3,355

-4,487

-4,702

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

3,143

3,007

3,134

2,890

2,801

2,775

2,847

2,740

2,652

2,461

2,523

2,456

2,266

2,155

2,061

2,027

1,982

1,894

1,999

2,006

1,955

1,898

1,870

1,888

1,761

1,762

1,647

1,727

1,728

1,675

1,735

1,576

1,580

1,588

1,653

1,641

1,584

1,737

Deferred income tax provision

408

1,061

-171

3,051

821

683

-313

3,429

947

1,298

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax provision

-

-

-

-

-

-

-

-

-

-

-

6,882

1,204

1,236

-

8,744

1,417

734

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on sale of property and equipment

848

-24

-1,243

329

42

-84

-252

-15

-84

21

-368

52

42

-32

-320

68

223

-22

-

-

-

-47

1,069

-67

-211

30

-50

-83

11

-14

-114

-175

-1

65

-

-

-

-

Gain on insurance settlements

-

-

-

-

-

-

0

176

824

82

-

-

-

-

-

-

-

-

-

-

-

-

42

-180

159

214

-346

-216

147

261

-

-

-

-

-

-

-

-

Proceeds from insurance settlements

-

-

0

0

0

475

0

493

943

906

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

1,773

1,513

1,561

1,775

1,740

1,448

1,376

1,652

1,702

1,507

1,637

1,279

1,263

2,058

1,089

988

906

1,258

732

659

615

1,012

445

477

512

1,152

484

467

734

1,050

759

849

768

1,089

598

742

836

1,072

(Increase) decrease in —
Accounts receivable, net

447

-6,345

-10,429

3,243

20,074

-7,817

-8,554

7,195

7,603

5,035

-17,035

4,755

13,643

-1,629

-2,741

-4,948

15,699

-2,574

-4,544

-28

5,449

5,050

-11,649

144

11,326

-5,826

-10,364

7,120

8,232

-5,307

-122

-1,982

5,230

1,531

-5,773

1,517

2,553

-5,340

Inventories, net

12,944

16,475

42,739

-36,447

9,092

68,946

-2,387

-44,515

-19,290

39,419

16,024

-19,409

18,848

41,644

15,347

-54,534

19,110

52,494

16,278

-19,433

-1,089

33,968

9,894

-26,139

22,344

10,011

-7,007

2,276

1,892

11,692

12,223

-7,116

-18,502

5,082

18,688

10,784

-1,322

510

Prepaid expenses and other assets

-1,646

1,687

-2,595

2,668

-1,904

5,013

579

1,019

-1,474

872

297

1,268

-634

779

-1,460

937

600

1,440

-29

404

-1,332

219

61

799

-522

-31

697

1,312

-1,086

-103

-542

2,664

-1,057

-586

-330

1,785

-1,238

-378

Increase (decrease) in —
Accounts payable

-2,868

-15,559

792

19,417

-214

-11,294

2,361

2,859

7,521

-16,066

798

707

15,446

-116

-9,745

-7,875

18,171

-4,829

1,966

-384

7,309

-3,204

-5,547

3,599

5,851

-3,291

-2,661

223

2,468

-2,675

-683

216

3,754

-3,472

-2,316

-1,024

8,297

-3,317

Customer deposits

6,596

-4,107

43

-9,563

12,259

4,065

-5,859

2,893

311

-1,410

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

-

-

-

-

-

-3,445

2,881

-7,358

11,976

-1,971

6,381

239

-899

-3,527

4,548

1,630

262

-4,318

3,513

2,180

-9,016

114

4,409

5,325

-184

-1,798

2,041

-649

413

-884

3,213

931

Accrued expenses and long-term liabilities

-1,537

-2,479

-

-

7,482

-2,093

-

-

4,133

-3,663

-1,056

1,202

6,995

-3,099

-2,048

3,279

6,411

-4,233

-2,053

2,058

4,761

-3,835

-3,786

3,790

4,298

-5,413

-4,530

207

2,952

-4,477

-3,365

993

1,851

-4,475

-1,633

2,504

2,588

-357

Net cash used in operating activities

690

-19,298

-16,867

66,642

2,888

-65,089

18,036

71,748

36,814

-56,184

10,424

36,659

905

-43,243

-1,163

77,488

2,125

-55,587

-5,108

33,071

16,581

-41,475

-1,056

42,382

-19,140

-11,377

8,200

5,965

3,439

-9,793

-14,781

13,058

26,621

-16,224

-19,545

-7,740

12,033

572

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment

1,737

4,398

3,696

5,434

4,906

3,025

2,965

3,636

4,479

2,724

2,013

3,661

4,340

4,353

4,462

3,792

2,892

1,767

2,860

2,716

2,129

2,041

2,334

2,939

2,296

1,625

1,976

1,278

3,796

2,772

1,510

1,597

1,327

1,298

1,932

2,334

1,448

871

Proceeds from insurance settlements

-

-

-

-

-

-

138

39

500

146

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-126

318

301

1,250

-

-

-

-

-

-

-

-

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

-

-

14

861

61

43

22

38

29

101

48

122

50

774

90

102

21

15

2,383

3,575

35

2

1,510

21

31

50

74

8

11

20

2,114

122

0

247

-

-

-

-

Net cash used in investing activities

-727

-4,398

-30,954

-17,833

-4,565

-2,982

-10,896

-3,907

-6,035

-2,477

-1,965

-3,539

-23,015

-3,579

-4,372

-11,464

-12,159

-1,752

-477

859

-2,094

-2,039

-6,802

-2,918

-1,551

-1,575

-2,028

-952

-8,122

-1,502

-3,789

-1,475

-1,327

-1,051

-1,927

-2,334

-3,560

-871

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

28,813

22,020

22,223

-21,224

26,815

57,766

-19,815

-66,393

-10,737

53,562

12,535

-24,278

35,602

46,960

-10,422

-55,094

30,954

50,330

-202

-27,899

8,059

32,804

-6,618

-29,062

34,191

3,443

-19,863

1,201

17,766

2,719

8,854

-8,299

-10,143

11,407

13,616

15,181

-4,578

765

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

400

600

100

500

0

1,800

100

3,700

1,500

2,400

171

995

1,249

785

1,435

656

132

478

45

650

2,385

635

495

620

1,394

1,657

143

998

1,616

352

96

911

87

286

200

509

203

333

Contingent acquisition consideration payments

-

-

-

-

-

-

298

100

100

2,826

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on tax withholdings for equity awards

0

1,674

0

0

0

1,525

392

0

0

118

282

0

0

87

0

0

0

80

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of treasury stock

-

-

7,399

20,080

0

229

0

0

0

695

37,819

2,577

0

2,342

2,453

0

2,237

841

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

28,607

20,962

14,895

-40,789

26,694

57,830

-20,426

-62,836

-9,242

52,275

-25,437

-25,860

36,701

45,316

-11,440

-54,438

28,849

49,887

-9,252

-29,177

10,444

33,439

-6,123

-28,442

35,585

5,100

-19,720

2,199

19,382

3,071

8,950

-7,388

-10,056

11,693

13,815

15,681

-4,375

1,098

Effect of exchange rate changes on cash

-149

208

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE IN CASH AND CASH EQUIVALENTS

28,421

-2,526

-33,107

8,020

25,017

-10,241

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET DECREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-6,386

-

7,260

14,591

-1,506

-16,975

11,586

18,815

-7,452

-14,837

4,753

24,931

-10,075

-13,981

11,022

14,894

-7,852

-13,548

7,212

14,699

-8,224

-9,620

4,195

15,238

-5,582

-7,657

5,607

4,098

799

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

4,080

4,093

3,732

3,655

3,571

2,711

2,491

3,226

3,463

2,841

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

2,192

1,616

-

1,828

1,689

1,130

946

1,273

1,268

1,029

889

1,114

1,070

859

966

1,159

1,218

1,037

989

998

1,206

1,129

868

808

785

800

Income taxes

3,654

161

-

-

-

-

-

-

-

-

0

357

0

100

642

33

0

180

20

32

0

36

-

-

-

-

-

-

0

0

10

0

0

0

31

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,020

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,197

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued acquisition of property and equipment

-

-

-

-

-

-

-

-

-

364

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounting Standards Update 2016-02 [Member]
Initial operating lease right-of-use assets for adoption of ASU 2016-02

0

42,070

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Initial current and noncurrent operating lease liabilities for adoption of ASU 2016-02

0

43,953

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-