Skyline Champion Corporation (SKY) · 10+ Years of Financial statements

Income Statement	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	162	183	178	192	187	212	861	237	1,065	1,360	1,370	1,421	2,207	2,607	2,025
+ Sales & Services Revenue	162	183	178	192	187	212	861	237	1,065	1,360	1,370	1,421	2,207	2,607	2,025
- Cost of Revenue	161	178	166	181	170	188	717	215	888	1,115	1,091	1,133	1,618	1,788	1,539
+ Cost of Goods & Services	161	178	166	181	170	188	717	215	888	1,115	1,091	1,133	1,618	1,788	1,539
Gross Profit	2	5	11	10	187	212	144	22	177	245	279	288	589	819	486
+ Other Operating Income	- -	- -	- -	- -	-21	-21	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	28	27	24	23	21	21	106	23	123	275	193	179	256	300	311
+ Selling, General & Admin	28	27	24	23	21	21	105	23	123	275	193	179	256	300	311
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-27	-23	-12	-13	187	212	38	-1	55	-30	86	109	333	518	175
- Non-Operating (Income) Loss	- -	-3	-2	-1	191	210	10	-1	11	12	1	-3	2	-16	-26
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	4	- -	3	1	-2	3	2	-15	-28
+ Interest Expense	- -	- -	- -	- -	- -	- -	5	- -	4	3	1	3	3	3	5
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	1	2	3	1	1	18	33
+ Other Non-Op (Income) Loss	- -	-3	-2	-1	191	210	6	-1	8	10	3	-5	1	-1	3
Pretax Income	-27	-19	-11	-12	-4	2	28	- -	43	-41	85	111	330	534	201
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	-23	- -	27	17	27	27	82	132	47
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-27	-19	-11	-12	-4	2	51	- -	16	-58	58	85	248	402	147
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	6	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	-5	-6	- -	1	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	5	12	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-27	-19	-11	-12	-10	2	52	- -	16	-58	58	85	248	402	147
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-27	-19	-11	-12	-10	2	52	- -	16	-58	58	85	248	402	147
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-27	-19	-11	-12	-10	2	52	- -	16	-58	58	85	248	402	147
Basic Weighted Avg Shares	8	8	8	8	8	8	44	- -	44	53	57	57	57	57	- -
Basic EPS, GAAP	-3.17	-2.31	-1.25	-1.41	-1.24	0.2	1.17	- -	0.36	-1.09	1.03	1.5	4.37	7.05	- -
Basic EPS from Cont Ops	-3.17	-2.31	-1.25	-1.41	-0.5	0.22	1.15	- -	0.36	-1.09	1.03	1.5	4.37	7.05	- -
Diluted Weighted Avg Shares	8	8	8	8	8	8	44	- -	44	53	57	57	57	57	57
Diluted EPS, GAAP	-3.17	-2.31	-1.25	-1.41	-1.24	0.2	1.17	- -	0.36	-1.09	1.02	1.49	4.33	7	2.57
Diluted EPS from Cont Ops	-3.17	-2.31	-1.25	-1.41	-0.5	0.22	1.15	- -	0.36	-1.09	1.02	1.49	4.33	7	2.57
EBITDA	-24	-20	-10	-11	188	213	46	- -	63	-14	105	126	354	545	210
EBITDA Margin (%)	-14.79	-11.05	-5.75	-5.68	100.71	100.5	5.29	0.04	5.9	-1	7.67	8.9	16.03	20.91	10.38
EBITA	-27	-23	-12	-13	187	212	38	-1	55	-30	86	109	333	518	175
EBIT	-27	-23	-12	-13	187	212	38	-1	55	-30	86	109	333	518	175
Gross Margin (%)	1.11	2.67	6.46	5.37	9.14	11.01	16.71	9.29	16.63	18.04	20.37	20.25	26.69	31.41	23.99
Operating Margin (%)	-16.44	-12.34	-6.88	-6.57	100	100	4.45	-0.39	5.13	-2.19	6.31	7.65	15.08	19.88	8.65
Profit Margin (%)	-16.4	-10.59	-5.92	-6.19	-5.57	0.79	6.03	- -	1.48	-4.28	4.25	5.98	11.24	15.42	7.24
Sales per Employee	124,867	166,224	161,431	147,485	155,821	156,870	638,014	- -	819,017	194,292	207,535	184,530	262,765	338,514	- -
Dividend per Share	0.72	0.18	- -	- -	- -	- -	- -	- -	0.02	1.22	- -	- -	- -	- -	- -
Depreciation Expense	3	2	2	2	1	1	7	1	8	16	19	18	21	27	35

Balance Sheet	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	68	51	42	42	32	36	- -	37	263	318	399	500	782	1,043	918
+ Cash, Cash Equivalents & STI	45	29	12	6	5	8	- -	11	114	127	209	263	435	747	495
+ Cash & Cash Equivalents	10	12	12	6	5	8	- -	11	114	127	209	263	435	747	495
+ ST Investments	35	17	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	11	11	18	21	15	15	- -	13	42	58	46	57	91	67	65
+ Accounts Receivable, Net	11	11	13	21	15	15	- -	13	42	58	46	57	91	67	65
+ Notes Receivable, Net	- -	17	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	-17	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	9	8	9	11	9	11	- -	12	98	123	126	166	241	202	319
+ Raw Materials	5	5	5	7	6	7	- -	8	38	49	55	92	141	100	101
+ Work In Process	3	3	3	4	3	3	- -	4	10	14	18	22	27	23	23
+ Finished Goods	- -	1	1	1	- -	1	- -	- -	50	60	53	53	74	79	194
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	3	3	4	3	2	2	- -	1	9	11	17	14	15	26	40
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	31	27	26	24	19	19	- -	18	132	382	383	418	452	519	1,005
+ Property, Plant & Equip, Net	25	21	18	16	12	12	- -	11	68	109	109	115	133	177	291
+ Property, Plant & Equip	78	67	66	70	56	57	- -	55	113	164	176	193	224	282	419
- Accumulated Depreciation	53	46	47	54	44	45	- -	44	45	56	66	78	91	105	128
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	6	6	8	8	7	8	- -	7	64	273	274	303	319	342	714
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	5	222	217	251	243	242	434
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	3	173	174	192	192	197	358
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	2	49	43	59	51	45	76
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	6	6	8	8	7	8	- -	7	60	51	57	52	76	100	280
Total Assets	99	79	68	66	50	55	- -	56	395	700	782	918	1,235	1,563	1,923
+ Payables & Accruals	15	11	14	18	15	18	- -	17	77	43	39	57	92	45	194
+ Accounts Payable	3	3	4	5	3	4	- -	4	37	43	39	57	92	45	51
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	24	32	28	43	65	41	35
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	11	8	11	13	12	14	- -	13	17	-32	-28	-43	-65	-41	108
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	30	33	34	26	35	- -	91
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	30	33	34	26	35	- -	91
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	3	- -	- -	- -	- -	- -	2	59	130	114	181	222	204	105
+ Deferred Revenue	- -	- -	- -	- -	- -	2	- -	2	25	28	23	59	67	69	81
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	3	- -	- -	- -	-2	- -	- -	35	101	91	122	155	135	24
Total Current Liabilities	15	15	14	18	15	18	- -	18	167	206	187	264	350	249	390
+ LT Debt	- -	- -	- -	6	4	4	- -	4	59	54	77	39	12	12	25
+ LT Borrowings	- -	- -	- -	6	4	4	- -	4	59	54	77	39	12	12	25
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	7	8	8	7	8	8	- -	8	16	27	43	46	47	68	87
+ Accrued Liabilities	7	6	6	7	8	5	- -	5	3	3	3	4	5	6	7
+ Pension Liabilities	6	6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-6	-4	2	- -	- -	2	- -	3	13	24	40	42	42	62	80
Total Noncurrent Liabilities	7	8	8	14	12	12	- -	12	75	82	121	86	59	81	111
Total Liabilities	22	23	22	32	27	30	- -	30	242	288	307	349	410	330	501
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	5	5	5	5	5	5	- -	5	140	481	487	493	504	521	570
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	2	2	2	2	2
+ Additional Paid in Capital	5	5	5	5	5	5	- -	5	140	479	486	492	503	519	568
- Treasury Stock	66	66	66	66	66	66	- -	66	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	138	117	106	94	84	86	- -	86	23	-58	- -	83	328	726	866
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	-9	-11	-13	-8	-7	-14	-14
Equity Before Minority Interest	77	56	46	34	23	25	- -	25	153	412	474	569	825	1,233	1,422
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	77	56	46	34	23	25	- -	25	153	412	474	569	825	1,233	1,422
Total Liabilities & Equity	99	79	68	66	50	55	- -	56	395	700	782	918	1,235	1,563	1,923
Shares Outstanding	8	8	8	8	8	8	8	- -	8	57	57	57	57	57	57
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	-10	-12	-12	- -	-1	-3	- -	-7	-25	-39	-98	-198	-388	-735	-379
Net Debt to Equity	-12.63	-21.39	-25.93	0.9	-2.92	-13.32	- -	-27.95	-16.03	-9.46	-20.71	-34.74	-46.97	-59.61	-26.65
Tangible Common Equity Ratio	77.74	71.22	67.21	51.38	46.34	45.71	- -	45.47	38.03	39.7	45.58	47.65	58.69	75.04	66.36
Current Ratio	4.65	3.51	2.93	2.28	2.09	1.99	- -	2.03	1.57	1.54	2.14	1.9	2.23	4.19	2.36
Cash Conversion Cycle	34.16	33.28	36.49	44.28	48.37	39.31	5.09	17.14	24.43	36.65	41.75	45.44	42.09	42.05	63.14
Number of Employees	1,300	1,100	1,100	1,300	1,200	1,350	1,350	- -	1,300	7,000	6,600	7,700	8,400	7,700	- -

Cash Flow Statement	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	-27	-19	-11	-12	-10	2	51	- -	16	-58	58	85	248	402	147
+ Depreciation & Amortization	3	2	2	2	1	1	7	1	8	16	19	18	21	27	35
+ Non-Cash Items	- -	-3	-2	- -	1	- -	-23	-1	14	106	23	10	14	16	21
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	1	- -	1	102	8	6	10	14	20
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	-27	- -	13	3	12	4	3	1	-6
+ Asset Impairment Charge	- -	- -	- -	- -	1	- -	- -	- -	1	- -	1	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	-3	-2	- -	- -	- -	3	-1	-1	1	2	- -	1	1	8
+ Chg in Non-Cash Work Cap	-2	2	-3	-7	4	1	-1	3	-6	2	-23	42	-59	-29	20
+ (Inc) Dec in Accts Receiv	-2	- -	-2	-8	5	- -	-13	2	-11	-2	12	-9	-33	23	4
+ (Inc) Dec in Inventories	-2	- -	- -	-3	1	-2	-14	-1	-25	-6	-4	-31	-75	49	22
+ (Inc) Dec in Prepaid Assets	- -	1	- -	- -	1	- -	- -	1	- -	- -	- -	1	-28	-12	-12
+ Inc (Dec) in Accts Payable	1	- -	- -	4	-3	3	26	- -	36	12	-19	81	78	-89	9
+ Inc (Dec) in Other	1	- -	- -	-1	- -	- -	- -	- -	-7	-2	-11	- -	- -	- -	-3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-26	-19	-14	-18	-4	4	33	3	32	65	77	154	224	416	223
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	5	1	2	4	- -	5	2	1	- -	- -	2	- -	- -	1
+ Disp of Fixed Prod Assets	- -	5	1	2	4	- -	5	2	1	- -	- -	2	- -	- -	1
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-1	- -	-1	- -	-1	-7	-1	-9	-12	-15	-8	-32	-52	-53
+ Acq of Fixed Prod Assets	-1	-1	- -	-1	- -	-1	-7	-1	-9	-12	-15	-8	-32	-52	-53
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	33	18	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-79
+ Dec in LT Investment	228	68	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	-195	-50	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-79
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	10	- -	-53	- -	-9	-352
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	10	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-53	- -	-9	-352
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	13	4	2	- -	-17	- -	- -	- -	1	2	- -	- -	-3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	32	22	14	5	6	-1	-19	1	-9	-2	-14	-57	-32	-61	-486
+ Dividends Paid	-6	-2	- -	- -	- -	- -	- -	- -	-1	-65	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	6	-2	- -	- -	- -	- -	42	61	-38	-27	- -	- -
+ Cash From Debt	- -	- -	- -	6	- -	- -	- -	- -	- -	94	76	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	- -	- -	-2	- -	- -	- -	- -	-52	-15	-38	-27	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	- -	- -	- -	- -	- -	4	- -	12	-49	-39	-10	7	-37	11
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-6	-2	- -	6	-2	- -	4	- -	10	-73	22	-48	-20	-37	11
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	-1	- -	1	-1	-1	4	- -	-6	- -
Net Changes in Cash	- -	2	- -	-6	-1	3	18	4	33	-9	84	49	173	318	-252
EBITDA	-24	-20	-10	-11	188	213	46	- -	63	-14	105	126	354	545	210
EBITDA Margin (%)	-14.79	-11.05	-5.75	-5.68	100.71	100.5	5.29	0.04	5.9	-1	7.67	8.9	16.03	20.91	10.38
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	-10	- -	53	- -	9	352
Free Cash Flow	-26	-19	-14	-18	-5	3	27	2	22	53	61	146	192	364	170
Free Cash Flow to Firm	- -	- -	- -	- -	- -	3	- -	2	24	- -	62	148	194	366	173
Free Cash Flow to Equity	-26	-14	-13	-10	-3	3	31	4	22	95	123	110	166	364	170
Free Cash Flow per Basic Share	-3.15	-2.29	-1.68	-2.19	-0.57	0.32	0.6	- -	0.5	0.99	1.09	2.58	3.39	6.39	- -
Price/Free Cash Flow	-6.07	-2.26	-2.51	-2.32	-7	17	10.08	- -	23.55	13.2	9.87	15.61	12.62	9.14	17.4
Cash Flow to Net Income	0.96	0.96	1.34	1.48	0.42	2.3	0.64	573.6	2	-1.12	1.32	1.81	0.9	1.04	1.52

Skyline Champion Corporation

SKY US

72.58

72.58