Marinemax (HZO) FY2016 results: revenue $942 million, up 25.4% on the year
Marinemax Inc. (HZO) reported revenue of $942 million for fiscal 2016, the year ended 30 September 2016, up 25.4% on the year before. Net income was $23 million, down 53.2%, and diluted earnings per share $0.91. The figures are the company's own, from the 10-K it filed with the SEC on 29 November 2018.
Revenue
$942 million
+25.4% on the year
FY2009FY2016
Operating margin
4.3%
3.4% a year earlier
FY2009FY2016
Net income
$23 million
-53.2% on the year
FY2009FY2016
Diluted EPS
$0.91
-52.6% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
942
751
625
+25.4%
Cost of revenue
716
567
463
+26.4%
Gross profit
226
185
162
+22.3%
Gross margin
24.0%
24.6%
25.9%
Selling, general and administrative
186
159
146
+16.5%
Operating income
40.3
25.3
15.4
+58.9%
Operating margin
4.3%
3.4%
2.5%
Interest expense
5.5
4.5
4.0
+22.6%
Pre-tax income
34.8
20.9
11.4
+66.6%
Income tax
12.2
-27.4
0.1
Effective tax rate
35.1%
-131.3%
0.8%
Net income
22.6
48.3
11.3
-53.2%
Net margin
2.4%
6.4%
1.8%
Diluted EPS
$0.91
$1.92
$0.46
-52.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
22.9
3.1
10.8
+645.0%
Capital expenditure
12.9
9.7
9.2
+32.5%
Free cash flow
9.9
-6.7
1.6
Free cash flow margin
1.1%
-0.9%
0.3%
Cash from investing
-29.7
n/a
n/a
Cash from financing
12.9
n/a
n/a
Depreciation and amortisation
8.0
7.9
7.3
+1.3%
Share-based compensation
4.2
3.0
2.6
+40.5%
Diluted shares, weighted
25m
25m
25m
-1.1%
Shares outstanding at period end
24m
24m
24m
+0.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
312
284
239
+10.2%
Short-term borrowings
167
137
124
+21.4%
Debt
0.0
0.0
0.0
Other liabilities
67.7
46.8
39.0
+44.6%
Total liabilities and equity
547
468
403
+16.9%
Fixed assets
121
99.0
102
+22.6%
Goodwill
9.9
0.8
0.8
+1,134.4%
Cash and equivalents
38.6
32.6
27.8
+18.3%
Receivables
24.6
18.5
12.5
+33.1%
Inventory
322
274
244
+17.6%
Other assets
30.3
42.9
15.5
-29.4%
Total assets
547
468
403
+16.9%
10-K for the year ended 30 September 2016, filed 29 November 2018: the filing.