HZO FY 2021 Earnings Report — MarineMax, Inc. Revenue & Financial Results | Market Cap Arena

MarineMax, Inc.HZO

FY 2021 Earnings

Reported November 19, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$2.1B	—	$1.5B	—	36.7%
Op. Income	$209M	—	$107M	—	96.3%
Gross Margin	32.0%	—	26.4%	—	5.6pp
Net Margin	7.5%	—	4.9%	—	2.6pp
EPS (Diluted)	$6.78	—	$3.37	—	101.2%
Free Cash Flow	$348M	—	$292M	—	19.1%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$659M
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$435M
SG&A Expenses	$450M
Other Expenses	$0
Operating Expenses	$450M
Cost & Expenses	$1.9B
OPERATING INCOME	$209M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$206M
Income Tax Expense	$51M
Net Income from Continuing Ops	$155M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$155M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$155M
D&A	$16M
EBIT	$209M
EBITDA	$225M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$659M
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$435M
SG&A Expenses	$450M
Other Expenses	$0
Operating Expenses	$450M
Cost & Expenses	$1.9B
OPERATING INCOME	$209M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$206M
Income Tax Expense	$51M
Net Income from Continuing Ops	$155M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$155M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$155M
D&A	$16M
EBIT	$209M
EBITDA	$225M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$155M
Depreciation & Amortization	$16M
Stock-Based Compensation	$10M
Deferred Income Tax	$5M
Other Non-Cash Items	$941.0K
Change in Working Capital	$188M
OPERATING CASH FLOW	$374M
Capital Expenditure	-$26M
Acquisitions (Net)	-$134M
Purchases of Investments	-$2M
Sales/Maturities of Investments	$350.0K
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$161M
Net Debt Issuance	-$119M
Common Stock Repurchased	-$24M
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$146M
FREE CASH FLOW	$348M
Net Change in Cash	$67M

Balance Sheet

Item	Amount
Cash & Equivalents	$222M
Short-Term Investments	$0
Net Receivables	$48M
Inventory	$231M
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$518M
PP&E (Net)	$280M
Goodwill	$196M
Intangible Assets	$6M
Long-Term Investments	$150.0K
Tax Assets	$32M
Other Non-Current Assets	-$24M
TOTAL NON-CURRENT ASSETS	$490M
TOTAL ASSETS	$1.0B
Account Payables	$26M
Short-Term Debt	$28M
Deferred Revenue	$101M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$251M
Long-Term Debt	$47M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9M
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$162M
TOTAL LIABILITIES	$413M
Common Stock	$29.0K
Additional Paid-In Capital	$289M
Retained Earnings	$433M
Treasury Stock	-$127M
Accum. Other Comp. Income	$648.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$595M
Minority Interest	$0
TOTAL EQUITY	$595M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$183M
Net Debt	-$40M