Malibu boats, inc. (MBUU)
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'13Dec'12
Operating activities:
Net income

23,866

17,598

16,682

20,485

22,203

14,998

12,015

13,343

16,796

-5,584

6,414

10,266

8,846

7,737

4,226

4,090

6,507

5,718

3,980

7,575

7,643

5,576

2,389

-10,600

-987

5,220

5,179

-

Adjustments to reconcile net income to net cash provided by operating activities:
Non-cash compensation expense

816

813

677

741

735

655

476

563

560

488

362

326

325

280

465

483

459

665

340

336

314

330

487

436

2,077

32

32

-

Non-cash compensation to directors

206

208

207

185

185

350

71

212

218

342

62

187

185

314

63

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

2,938

3,005

3,097

8,858

2,744

2,495

1,863

3,849

2,976

2,991

3,038

3,704

1,050

1,026

968

890

833

841

775

636

622

626

543

473

445

386

296

236

Amortization

1,501

1,537

1,584

-

1,563

1,538

1,280

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

550

549

550

548

545

545

547

551

593

595

724

1,294

1,294

1,295

1,294

-

Gain on sale-leaseback transaction

-

-

-

-

-

-

-

-

-

-

-

-

2

3

3

1

4

2

3

-4

3

-3

11

3

3

2

3

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

94

92

94

952

60

60

62

61

60

60

58

66

62

3

6

0

0

950

51

582

-

Change in fair value of derivative

-

-

-

-

-

-

-

-

-

-

-

-

116

580

245

-178

-510

382

-557

-

-

-

0

0

-35

32

-25

-

Deferred income taxes

5,082

1,340

1,454

1,542

2,635

1,585

1,032

-2,643

1,672

48,963

-2,199

6,082

1,021

1,545

929

1,512

2,063

981

620

2,927

2,628

1,140

1,238

-2,326

-328

0

0

-

Adjustment to tax receivable agreement liability

-

-

-

-

-

-

-

3,065

0

-30,317

2,615

-8,140

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Other items, net

697

338

696

-110

179

223

-6

-90

-141

-174

-34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sale of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-20

0

16

1

28

0

0

-

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Trade receivables

5,908

-7,308

-4,817

-11,026

25,298

-9,460

-1,771

2,696

10,800

-6,483

5,168

-4,898

6,598

-7,469

899

-1,806

7,337

-2,110

1,790

-2,418

4,330

-3,480

3,738

-2,524

6,316

-3,970

-989

-

Inventories

12,579

1,396

7,626

-6,182

5,519

7,474

8,599

711

-412

1,523

4,514

-3,579

3,739

-694

3,834

-3,550

-488

390

3,700

-1,229

438

-787

4,462

-4,456

1,354

704

3,649

-

Prepaid expenses and other assets

-462

-1,053

1,728

-

-772

1,681

325

-

943

-924

1,436

-

216

-286

-440

-

123

1,142

-61

-

302

-318

-525

-

17

832

195

-

Accounts payable

7,562

-7,223

8,378

-10,571

5,611

-1,670

3,839

-2,227

4,885

-3,269

5,223

-7,643

4,989

-4,547

2,183

-2,511

6,030

-1,946

5,430

-6,968

-809

-1,773

9,184

-7,613

5,136

-3,945

2,289

-

Income taxes payable

-888

-3,213

1,979

475

1,762

-3,362

1,250

-1,123

2,781

-1,693

1,758

-1,876

499

865

765

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

524

3,697

-2,029

2,671

3,233

5,210

-1,516

2,883

1,437

4,284

-2,057

2,075

1,527

1,223

1,004

2,346

-1,148

1,522

-1,332

1,144

1,211

-3,582

1,218

1,057

33

107

901

-

Other liabilities

-957

-269

-475

283

701

101

33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

21,672

24,796

27,713

35,089

10,799

22,428

13,184

11,485

19,945

22,009

5,016

5,208

8,401

15,590

6,657

13,308

8,723

8,020

5,551

9,817

7,132

-12,494

8,097

9,519

960

5,546

7,740

-

Investing activities:
Purchases of property, plant and equipment

10,830

8,609

10,704

7,210

3,891

4,647

2,190

2,303

3,223

3,093

1,830

2,279

1,540

4,583

860

746

1,899

2,244

1,287

997

1,517

1,387

1,465

2,087

1,548

1,402

878

-

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

0

0

0

16

108

78

0

0

-

-

-

-

-

-

-

-

-

Payment for acquisition, net of cash acquired

-

-

-

-

-

-

-

0

0

0

125,552

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-10,830

-8,609

-10,704

-7,210

-3,891

-104,720

-2,190

-2,158

-3,223

-3,093

-127,382

-2,279

-1,540

-4,583

-844

-638

-1,821

-2,244

-1,287

-1,097

-1,517

-13,050

-1,465

-2,078

-1,548

-1,402

-878

-

Financing activities:
Principal payments on long-term borrowings

-

-

-

-

-

-

-

0

0

0

50,000

55,883

0

1,117

15,000

2,000

1,500

1,500

1,500

11,500

10,000

0

0

14

63,396

834

24,345

-

Proceeds from long-term borrowings

-

-

-

-

-

-

-

0

0

0

105,000

55,000

0

0

0

-

-

-

-

-

-

-

-

0

0

0

65,000

-

Payment of deferred financing costs

-

-

-

-

-

-

-

0

0

0

1,148

926

0

0

0

-

-

-

-

-

-

-

-

0

35

1

1,016

-

Proceeds received from exercise of stock option

377

0

0

0

0

77

672

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of Class A Common Stock in offerings, net of underwriting discounts

-

-

-

-

-

-

-

0

0

0

55,317

0

0

0

0

-

-

-

-

56,526

0

0

76,836

0

99,512

0

0

-

Purchase of units from existing LLC Unit holders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

76,836

-

29,762

0

0

-

Payment of costs directly associated with offerings

-

-

-

-

-

-

-

0

0

0

650

0

0

0

0

-

-

-

-

599

0

0

899

0

1,550

0

0

-

Cash paid for withholding taxes on vested restricted stock

20

572

239

29

4

660

526

148

0

312

231

91

0

59

108

156

0

0

0

-

-

-

-

-

-

-

-

-

Distributions to LLC Unit holders

446

401

568

557

319

353

556

686

304

291

345

506

408

280

341

474

422

301

188

2,888

434

212

96

575

3,391

3,475

57,761

-

Repurchase and retirement of common stock

2,710

0

11,123

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

96,001

-20,973

-11,930

-15,956

-15,323

34,064

-410

-834

-304

-603

107,943

-2,406

-408

-1,456

-15,449

-5,804

-2,729

-1,801

-1,688

-7,539

-10,448

19,724

-995

-589

1,378

-4,310

-18,122

-

Effect of exchange rate changes on cash

-388

148

-126

-20

1

-38

-38

-26

7

-6

25

4

-67

65

8

-13

-22

83

-104

-79

70

58

0

-

-

-

-

-

Changes in cash

106,455

-4,638

4,953

11,903

-8,414

-48,266

10,546

8,467

16,425

18,307

-14,398

527

6,386

9,616

-9,628

6,853

4,151

4,058

2,472

1,102

-4,763

-5,762

5,637

6,852

790

-166

-11,260

-

Supplemental cash flow information:
Cash paid for interest

831

964

1,169

1,709

1,941

1,208

1,153

1,222

2,269

-137

998

592

542

516

646

700

1,036

362

1,038

256

205

24

9

-17

258

557

585

-

Cash paid for income taxes

3,023

6,703

597

5,296

2,249

5,612

1,016

5,702

1,445

2,688

52

3,509

2,016

1,249

401

1,923

1,803

3,284

1,112

1,116

9

78

236

392

0

0

0

-

Establishment of deferred tax assets from step-up in tax basis

-

-

-

-

-

-

-

270

221

2,371

142

-202

1,057

383

0

-2

0

0

142

68,478

0

0

38,499

-331

18,634

0

0

-

Establishment of amounts payable under tax receivable agreements

-

-

-

-

-

-

-

201

225

1,140

119

-262

887

335

0

-7

0

0

118

-

-

-

-

-

-

-

-

-

Exchange of LLC Units for Class A Common Stock

-

-

-

-

-

-

-

114

68

715

23

2,311

334

144

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax distributions payable to non-controlling LLC Unit holders

-

-

-

-

-

-

-

-175

325

71

290

-211

51

227

242

-93

45

127

262

-768

481

222

212

2,008

0

0

0

-

Equity issued to directors for services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62

563

63

-

62

64

63

-

0

0

0

-

Accrual for tax withholdings on vested restricted stock units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80

-

-

-

0

-

-

-

-

-

Capital expenditures in accounts payable

-

-

-

-

-

-

-

413

-19

220

439

1,396

-213

368

47

183

-303

338

0

-

-

-

-

-

-

-

-

-