HZO FY 2020 Earnings Report — MarineMax, Inc. Revenue & Financial Results | Market Cap Arena

MarineMax, Inc.HZO

FY 2020 Earnings

Reported December 2, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.2B	—	22.0%
Op. Income	$107M	—	$61M	—	76.3%
Gross Margin	26.4%	—	26.1%	—	0.3pp
Net Margin	4.9%	—	2.9%	—	2.0pp
EPS (Diluted)	$3.37	—	$1.57	—	114.6%
Free Cash Flow	$292M	—	-$29M	—	1089.8%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$399M
R&D Expenses	$0
Selling & Marketing	$14M
General & Administrative	$278M
SG&A Expenses	$292M
Other Expenses	$0
Operating Expenses	$292M
Cost & Expenses	$1.4B
OPERATING INCOME	$107M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$97M
Income Tax Expense	$23M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$13M
EBIT	$108M
EBITDA	$121M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$399M
R&D Expenses	$0
Selling & Marketing	$14M
General & Administrative	$278M
SG&A Expenses	$292M
Other Expenses	$0
Operating Expenses	$292M
Cost & Expenses	$1.4B
OPERATING INCOME	$107M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$97M
Income Tax Expense	$23M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$13M
EBIT	$108M
EBITDA	$121M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$75M
Depreciation & Amortization	$13M
Stock-Based Compensation	$7M
Deferred Income Tax	$3M
Other Non-Cash Items	$1M
Change in Working Capital	$206M
OPERATING CASH FLOW	$305M
Capital Expenditure	-$13M
Acquisitions (Net)	-$20M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$30M
Net Debt Issuance	-$160M
Common Stock Repurchased	-$631.0K
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$158M
FREE CASH FLOW	$292M
Net Change in Cash	$117M

Balance Sheet

Item	Amount
Cash & Equivalents	$155M
Short-Term Investments	$0
Net Receivables	$34M
Inventory	$298M
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$503M
PP&E (Net)	$180M
Goodwill	$84M
Intangible Assets	$53.0K
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$272M
TOTAL ASSETS	$775M
Account Payables	$37M
Short-Term Debt	$145M
Deferred Revenue	$32M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$273M
Long-Term Debt	$7M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$5M
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$47M
TOTAL LIABILITIES	$320M
Common Stock	$28.0K
Additional Paid-In Capital	$280M
Retained Earnings	$278M
Treasury Stock	-$104M
Accum. Other Comp. Income	$829.0K
Other Equity	$1
TOTAL STOCKHOLDERS' EQUITY	$455M
Minority Interest	$0
TOTAL EQUITY	$455M
TOTAL LIABILITIES & EQUITY	$775M
Total Debt	$193M
Net Debt	$37M