MALIBU BOATS, INC. MBUU Income Statement

Malibu boats, inc. (MBUU)

Income statement / TTM

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
729,324	746,932	732,613	684,016	627,853	568,364	516,944	497,002	433,449	370,169	323,457	281,937	273,511	264,901	257,746	252,965	247,001	243,224	238,202	228,621	221,305	206,836	195,290	190,935	184,597	0	0	0
Cost of sales
555,874	569,609	556,843	517,746	475,775	429,645	389,024	376,660	326,607	278,328	241,319	206,899	200,688	195,034	189,813	186,145	181,731	178,463	175,156	168,192	162,475	152,502	143,424	140,141	135,978	0	0	0
Gross profit
173,450	177,323	175,770	166,270	152,078	138,719	127,920	120,342	106,842	91,841	82,138	75,038	72,823	69,867	67,933	66,820	65,270	64,761	63,046	60,429	58,830	54,334	51,866	50,794	48,619	0	0	0
Operating expenses:
Selling and marketing
18,878	19,579	19,514	17,946	17,116	15,106	13,627	13,718	12,231	10,757	9,785	8,619	7,839	7,624	7,636	7,475	7,679	7,762	7,631	7,007	6,970	6,825	6,304	6,098	5,978	0	0	0
General and administrative
42,118	44,799	45,953	44,256	41,515	37,053	33,256	31,359	31,640	29,775	25,793	24,783	23,489	21,954	22,694	21,256	16,000	17,662	18,009	19,809	41,742	45,917	44,445	39,974	19,472	0	0	0
Amortization
6,197	6,259	6,260	5,956	5,676	5,404	5,170	5,198	4,452	3,711	2,956	2,198	2,197	2,192	2,188	2,185	2,188	2,236	2,286	2,463	3,206	3,907	4,607	5,177	5,177	0	0	0
Operating income
106,257	106,686	104,043	98,112	87,771	81,156	75,867	70,067	58,519	47,598	43,604	39,438	39,298	38,097	35,415	35,904	39,403	37,101	35,120	31,150	6,912	-2,315	-3,490	-455	17,992	0	0	0
Other (income) expense, net:
Other income, net
-784	164	156	149	51,712	52,407	22,091	24,705	-16,650	-16,592	13,799	10,789	-302	-303	-344	76	-92	1,518	1,648	1,650	-1,156	-1,599	-1,143	9	3,303	0	0	0
Interest expense
4,763	5,573	6,460	6,464	6,014	5,187	4,357	5,385	4,812	4,305	3,328	1,559	1,840	2,673	2,998	3,884	3,609	2,476	2,261	954	254	1,345	1,807	2,962	3,315	0	0	0
Other (income) expense, net
-8,949	-7,191	-6,312	-6,315	46,956	46,824	15,678	19,320	-14,050	-15,331	14,009	9,230	-1,282	-2,116	-2,482	-3,808	-3,701	-958	-613	696	-1,428	-2,962	-2,956	-2,953	12	0	0	0
Income before provision for income taxes
102,576	101,247	97,725	91,797	79,455	72,972	98,829	89,387	92,133	81,743	48,451	48,668	37,586	35,551	32,503	32,096	35,858	36,299	34,516	31,846	8,308	-3,660	-5,291	-3,408	14,689	0	0	0
Provision for income taxes
23,945	24,279	23,357	22,096	16,896	15,820	62,259	58,418	64,241	61,801	15,188	17,593	12,687	12,991	11,962	11,801	12,078	11,383	9,742	8,663	3,300	-38	-1,313	-2,220	76	0	0	0
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	14,613	0	0	0
Net income before non-controlling interest and provision for income taxes
102,576	101,247	97,725	91,797	79,455	72,972	98,829	89,387	92,133	81,743	48,451	48,668	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Pro forma provision for income taxes (at 37.3% assumed effective tax rate for Malibu Boats, Inc.)
23,945	24,279	23,357	22,096	16,896	15,820	62,259	58,418	64,241	61,801	15,188	17,593	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to non-controlling interest
3,860	3,876	3,741	3,635	3,466	3,486	3,544	3,356	3,054	2,763	2,800	2,717	2,601	2,499	2,277	2,253	3,690	6,237	7,935	8,522	305	-3,590	-682	3,488	14,983	0	0	0
Net income attributable to Malibu Boats, Inc.
74,771	73,092	70,627	66,066	59,093	53,666	33,026	27,613	24,838	17,179	30,463	28,358	22,298	20,061	18,264	18,042	20,090	18,679	16,839	14,661	4,703	-32	-3,296	-4,676	-370	0	0	0
Comprehensive income:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
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	14,613	0	0	0
Other comprehensive income (loss), net of tax:
Change in cumulative translation adjustment
-2,258	-81	-1,063	-844	-1,259	-1,626	-1,325	-621	57	1,192	412	469	-49	-230	1,224	-390	-25	-1,569	-3,338	-2,081	-2,019	-1,161	0	-	0	0	-	-
Other comprehensive income (loss), net of tax
-2,258	-81	-1,063	-844	-1,259	-1,626	-1,325	-621	57	1,192	412	469	-49	-230	1,224	-390	-25	-1,569	-3,338	-2,081	-2,019	-1,161	0	-	0	0	-	-
Comprehensive income, net of tax
76,373	76,887	73,305	68,857	61,300	55,526	35,245	30,348	27,949	21,134	33,675	31,544	24,850	22,330	21,765	19,905	23,755	23,347	21,436	21,102	12,602	11,037	0	-	0	0	-	-
Less: comprehensive income attributable to non-controlling interest, net of tax
3,756	3,874	3,690	3,591	3,391	3,384	3,467	3,328	3,069	2,888	2,828	2,758	2,591	2,476	2,409	2,214	5,056	6,349	7,037	7,757	3,860	6,979	0	-	0	0	-	-
Comprehensive income attributable to Malibu Boats, Inc., net of tax
72,617	73,013	69,615	65,266	57,909	52,142	31,778	27,020	24,880	18,246	30,847	28,786	22,259	19,854	19,356	17,691	18,699	16,998	14,399	13,345	8,742	4,058	0	-	0	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	-	-	-