MALIBU BOATS, INC. MBUU Income Statement

Malibu boats, inc. (MBUU)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'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	Mar'13
Net sales
182,310	180,112	172,080	194,822	199,918	165,793	123,483	138,659	140,429	114,373	103,541	75,106	77,149	67,661	62,021	66,680	68,539	60,506	57,240	60,716	64,762	55,484	47,659	53,400	50,293	43,938	43,304	47,062
Cost of sales
136,461	140,244	132,079	147,090	150,196	127,478	92,982	105,119	104,066	86,857	80,618	55,066	55,787	49,848	46,198	48,855	50,133	44,627	42,530	44,441	46,865	41,320	35,566	38,724	36,892	32,242	32,283	34,561
Gross profit
45,849	39,868	40,001	47,732	49,722	38,315	30,501	33,540	36,363	27,516	22,923	20,040	21,362	17,813	15,823	17,825	18,406	15,879	14,710	16,275	17,897	14,164	12,093	14,676	13,401	11,696	11,021	12,501
Operating expenses:
Selling and marketing
4,572	4,666	5,066	4,574	5,273	4,601	3,498	3,744	3,263	3,122	3,589	2,257	1,789	2,150	2,423	1,477	1,574	2,162	2,262	1,681	1,657	2,031	1,638	1,644	1,512	1,510	1,432	1,524
General and administrative
9,643	10,078	10,668	11,729	12,324	11,232	8,971	8,988	7,862	7,435	7,074	9,269	5,997	3,453	6,064	7,975	4,462	4,193	4,626	2,719	6,124	4,540	6,426	24,652	10,299	3,068	1,955	4,150
Amortization
1,501	1,537	1,584	1,575	1,563	1,538	1,280	1,295	1,291	1,304	1,308	549	550	549	550	548	545	545	547	551	593	595	724	1,294	1,294	1,295	1,294	1,294
Operating income
30,133	23,587	22,683	29,854	30,562	20,944	16,752	19,513	23,947	15,655	10,952	7,965	13,026	11,661	6,786	7,825	11,825	8,979	7,275	11,324	9,523	6,998	3,305	-12,914	296	5,823	6,340	5,533
Other (income) expense, net:
Other income, net
-1,660	-9	-10	895	-712	-17	-17	52,458	-17	-30,333	2,597	11,103	41	58	-413	12	40	17	7	-156	1,650	147	9	-2,962	1,207	603	1,161	332
Interest expense
940	957	1,167	1,699	1,750	1,844	1,171	1,249	923	1,014	2,199	676	416	37	430	957	1,249	362	1,316	682	116	147	9	-18	1,207	609	1,164	335
Other (income) expense, net
-720	948	1,157	-10,334	1,038	1,827	1,154	42,937	906	-29,319	4,796	9,567	-375	21	17	-945	-1,209	-345	-1,309	-838	1,534	0	0	-2,962	0	6	3	3
Income before provision for income taxes
30,853	22,639	21,526	27,558	29,524	19,117	15,598	15,216	23,041	44,974	6,156	17,962	12,651	11,682	6,373	6,880	10,616	8,634	5,966	10,642	11,057	6,851	3,296	-12,896	-911	5,220	5,179	5,201
Provision for income taxes
6,987	5,041	4,844	7,073	7,321	4,119	3,583	1,873	6,245	50,558	-258	7,696	3,805	3,945	2,147	2,790	4,109	2,916	1,986	3,067	3,414	1,275	907	-2,296	76	0	0	0
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	5,201
Net income before non-controlling interest and provision for income taxes
30,853	22,639	21,526	27,558	29,524	19,117	15,598	15,216	23,041	44,974	6,156	17,962	12,651	11,682	6,373	-	-	-	-	-	-	-	-	-	-	-	-	-
Pro forma provision for income taxes (at 37.3% assumed effective tax rate for Malibu Boats, Inc.)
6,987	5,041	4,844	7,073	7,321	4,119	3,583	1,873	6,245	50,558	-258	7,696	3,805	3,945	2,147	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to non-controlling interest
1,088	876	823	1,073	1,104	741	717	904	1,124	799	529	602	833	836	446	486	731	614	422	1,923	3,278	2,312	1,009	-6,294	-617	5,220	5,179	5,201
Net income attributable to Malibu Boats, Inc.
22,778	16,722	15,859	19,412	21,099	14,257	11,298	12,439	15,672	-6,383	5,885	9,664	8,013	6,901	3,780	3,604	5,776	5,104	3,558	5,652	4,365	3,264	1,380	-4,306	-370	0	0	0
Comprehensive income:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
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	5,201
Other comprehensive income (loss), net of tax:
Change in cumulative translation adjustment
-2,078	615	-623	-172	99	-367	-404	-587	-268	-66	300	91	867	-846	357	-427	686	608	-1,257	-62	-858	-1,161	0	-	0	0	-	-
Other comprehensive income (loss), net of tax
-2,078	615	-623	-172	99	-367	-404	-587	-268	-66	300	91	867	-846	357	-427	686	608	-1,257	-62	-858	-1,161	0	-	0	0	-	-
Comprehensive income, net of tax
21,788	18,213	16,059	20,313	22,302	14,631	11,611	12,756	16,528	-5,650	6,714	10,357	9,713	6,891	4,583	3,663	7,193	6,326	2,723	7,513	6,785	4,415	2,389	-	-987	5,220	-	-
Less: comprehensive income attributable to non-controlling interest, net of tax
993	907	792	1,064	1,111	723	693	864	1,104	806	554	605	923	746	484	438	808	679	289	3,280	2,101	1,367	1,009	-	-617	5,220	-	-
Comprehensive income attributable to Malibu Boats, Inc., net of tax
20,795	17,306	15,267	19,249	21,191	13,908	10,918	11,892	15,424	-6,456	6,160	9,752	8,790	6,145	4,099	3,225	6,385	5,647	2,434	4,233	4,684	3,048	1,380	-	-370	0	-	-
Basic (in shares)
20,630	20,591	20,830	20,912	20,901	20,875	20,640	20,564	20,544	20,429	19,178	17,989	17,877	17,786	17,734	17,834	17,975	17,986	17,942	16,845	15,671	15,628	14,783	-	11,054	-	-	-
Diluted (in shares)
20,775	20,701	20,928	21,117	21,007	20,990	20,750	20,734	20,657	20,429	19,303	18,239	17,962	17,842	17,761	17,967	18,002	18,022	17,948	10,233	15,676	15,628	21,426	-	22,028	-	-	-
Net income available to Class A Common Stock per share:
Basic (in dollars per share)
1.11	0.81	0.76	0.93	1.01	0.68	0.55	0.61	0.76	-0.31	0.31	0.54	0.45	0.39	0.21	0.21	0.32	0.28	0.20	0.35	0.28	0.21	0.09	-	-0.03	-	-	-
Diluted (in dollars per share)
1.09	0.81	0.76	0.92	1.01	0.68	0.54	0.60	0.76	-0.31	0.31	0.53	0.45	0.39	0.21	0.20	0.32	0.28	0.20	0.35	0.28	0.21	0.09	-	-0.04	-	-	-