Malibu boats, inc. (MBUU)
CashFlow / TTM
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

78,631

76,968

74,368

69,701

62,559

57,152

36,570

30,969

27,892

19,942

33,263

31,075

24,899

22,560

20,541

20,295

23,780

24,916

24,774

23,183

5,008

-3,622

-3,978

-1,188

0

0

0

-

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

3,047

2,966

2,808

2,607

2,429

2,254

2,087

1,973

1,736

1,501

1,293

1,396

1,553

1,687

2,072

1,947

1,800

1,655

1,320

1,467

1,567

3,330

3,032

2,577

0

0

0

-

Non-cash compensation to directors

806

785

927

791

818

851

843

834

809

776

748

749

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

17,898

17,704

17,194

15,960

10,951

11,183

11,679

12,854

12,709

10,783

8,818

6,748

3,934

3,717

3,532

3,339

3,085

2,874

2,659

2,427

2,264

2,087

1,847

1,600

1,363

0

0

0

Amortization

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

2,197

2,192

2,188

2,185

2,188

2,236

2,286

2,463

3,206

3,907

4,607

5,177

0

0

0

-

Gain on sale-leaseback transaction

-

-

-

-

-

-

-

-

-

-

-

-

9

11

10

10

5

4

-1

7

14

14

19

11

0

0

0

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

1,232

1,198

1,166

1,134

243

243

243

239

244

246

189

137

71

9

956

1,001

1,583

0

0

0

-

Change in fair value of derivative

-

-

-

-

-

-

-

-

-

-

-

-

763

137

-61

-863

0

0

0

-

-

-

-3

-28

0

0

0

-

Deferred income taxes

9,418

6,971

7,216

6,794

2,609

1,646

49,024

45,793

54,518

53,867

6,449

9,577

5,007

6,049

5,485

5,176

6,591

7,156

7,315

7,933

2,680

-276

-1,416

-2,654

0

0

0

-

Adjustment to tax receivable agreement liability

-

-

-

-

-

-

-

-24,637

-35,842

-35,842

-5,525

-8,140

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Other items, net

1,621

1,103

988

286

306

-14

-411

-439

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sale of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-3

45

45

29

0

0

0

-

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Trade receivables

-17,243

2,147

-5

3,041

16,763

2,265

5,242

12,181

4,587

385

-601

-4,870

-1,778

-1,039

4,320

5,211

4,599

1,592

222

2,170

2,064

4,050

3,560

-1,167

0

0

0

-

Inventories

15,419

8,359

14,437

15,410

22,303

16,372

10,421

6,336

2,046

6,197

3,980

3,300

3,329

-898

186

52

2,373

3,299

2,122

2,884

-343

573

2,064

1,251

0

0

0

-

Prepaid expenses and other assets

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

Accounts payable

-1,854

-3,805

1,748

-2,791

5,553

4,827

3,228

4,612

-804

-700

-1,978

-5,018

114

1,155

3,756

7,003

2,546

-4,293

-4,120

-366

-1,011

4,934

2,762

-4,133

0

0

0

-

Income taxes payable

-1,647

1,003

854

125

-1,473

-454

1,215

1,723

970

-1,312

1,246

253

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

4,863

7,572

9,085

9,598

9,810

8,014

7,088

6,547

5,739

5,829

2,768

5,829

6,100

3,425

3,724

1,388

186

2,545

-2,559

-9

-96

-1,274

2,415

2,098

0

0

0

-

Other liabilities

-1,418

240

610

1,118

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

109,270

98,397

96,029

81,500

57,896

67,042

66,623

58,455

52,178

40,634

34,215

35,856

43,956

44,278

36,708

35,602

32,111

30,520

10,006

12,552

12,254

6,082

24,122

23,765

0

0

0

-

Investing activities:
Purchases of property, plant and equipment

37,353

30,414

26,452

17,938

13,031

12,363

10,809

10,449

10,425

8,742

10,232

9,262

7,729

8,088

5,749

6,176

6,427

6,045

5,188

5,366

6,456

6,487

6,502

5,915

0

0

0

-

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

16

124

202

202

186

0

0

0

-

-

-

-

-

-

-

-

-

Payment for acquisition, net of cash acquired

-

-

-

-

-

-

-

125,552

125,552

125,552

125,552

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-37,353

-30,414

-126,525

-118,011

-112,959

-112,291

-10,664

-135,856

-135,977

-134,294

-135,784

-9,246

-7,605

-7,886

-5,547

-5,990

-6,449

-6,145

-16,951

-17,129

-18,110

-18,141

-6,493

-5,906

0

0

0

-

Financing activities:
Principal payments on long-term borrowings

-

-

-

-

-

-

-

50,000

105,883

105,883

107,000

72,000

18,117

19,617

20,000

6,500

16,000

24,500

23,000

21,500

10,014

63,410

64,244

88,589

0

0

0

-

Proceeds from long-term borrowings

-

-

-

-

-

-

-

105,000

160,000

160,000

160,000

55,000

0

0

0

-

-

-

-

-

-

-

-

65,000

0

0

0

-

Payment of deferred financing costs

-

-

-

-

-

-

-

1,148

2,074

2,074

2,074

926

0

0

0

-

-

-

-

-

-

-

-

1,052

0

0

0

-

Proceeds received from exercise of stock option

377

0

77

749

749

749

672

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

55,317

55,317

55,317

55,317

0

0

0

0

-

-

-

-

133,362

76,836

176,348

176,348

99,512

0

0

0

-

Purchase of units from existing LLC Unit holders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

Payment of costs directly associated with offerings

-

-

-

-

-

-

-

650

650

650

650

0

0

0

0

-

-

-

-

1,498

899

2,449

2,449

1,550

0

0

0

-

Cash paid for withholding taxes on vested restricted stock

860

844

932

1,219

1,338

1,334

986

691

634

634

381

258

323

323

264

156

0

0

0

-

-

-

-

-

-

-

-

-

Distributions to LLC Unit holders

1,972

1,845

1,797

1,785

1,914

1,899

1,837

1,626

1,446

1,550

1,539

1,535

1,503

1,517

1,538

1,385

3,799

3,811

3,722

3,630

1,317

4,274

7,537

65,202

0

0

0

-

Repurchase and retirement of common stock

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

47,142

-64,182

-9,145

2,375

17,497

32,516

-2,151

106,202

104,630

104,526

103,673

-19,719

-23,117

-25,438

-25,783

-12,022

-13,757

-21,476

49

742

7,692

19,518

-4,516

-21,643

0

0

0

-

Effect of exchange rate changes on cash

-386

3

-183

-95

-101

-95

-63

0

30

-44

27

10

-7

38

56

-56

-122

-30

-55

49

0

0

0

-

-

-

-

-

Changes in cash

118,673

3,804

-39,824

-34,231

-37,667

-12,828

53,745

28,801

20,861

10,822

2,131

6,901

13,227

10,992

5,434

17,534

11,783

2,869

-6,951

-3,786

1,964

7,517

13,113

-3,784

0

0

0

-

Supplemental cash flow information:
Cash paid for interest

4,673

5,783

6,027

6,011

5,524

5,852

4,507

4,352

3,722

1,995

2,648

2,296

2,404

2,898

2,744

3,136

2,692

1,861

1,523

494

221

274

807

1,383

0

0

0

-

Cash paid for income taxes

15,619

14,845

13,754

14,173

14,579

13,775

10,851

9,887

7,694

8,265

6,826

7,175

5,589

5,376

7,411

8,122

7,315

5,521

2,315

1,439

715

706

628

392

0

0

0

-

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

-

-

-

-

-

-

-

3,004

2,532

3,368

1,380

1,238

1,438

381

-2

140

68,620

68,620

68,620

106,977

38,168

56,802

56,802

18,303

0

0

0

-

Establishment of amounts payable under tax receivable agreements

-

-

-

-

-

-

-

1,685

1,222

1,884

1,079

960

1,215

328

-7

111

0

0

0

-

-

-

-

-

-

-

-

-

Exchange of LLC Units for Class A Common Stock

-

-

-

-

-

-

-

920

3,117

3,383

2,812

2,789

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax distributions payable to non-controlling LLC Unit holders

-

-

-

-

-

-

-

511

475

201

357

309

427

421

321

341

-334

102

197

147

2,923

2,442

2,220

2,008

0

0

0

-

Equity issued to directors for services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

Accrual for tax withholdings on vested restricted stock units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

Capital expenditures in accounts payable

-

-

-

-

-

-

-

1,053

2,036

1,842

1,990

1,598

385

295

265

218

0

0

0

-

-

-

-

-

-

-

-

-