Champion Homes (SKY) FY2021 results: revenue $1.4 billion, up 3.7% on the year
Champion Homes, Inc. (SKY) reported revenue of $1.4 billion for fiscal 2021, the year ended 3 April 2021, up 3.7% on the year before. Net income was $85 million, up 46.0%, and diluted earnings per share $1.49. The figures are the company's own, from the 10-K it filed with the SEC on 26 May 2021.
Revenue
$1.4 billion
+3.7% on the year
FY2017FY2021
Operating margin
7.7%
6.3% a year earlier
FY2017FY2021
Net income
$85 million
+46.0% on the year
FY2017FY2021
Diluted EPS
$1.49
+46.1% on the year
FY2017FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
1,421
1,370
1,360
+3.7%
Cost of revenue
1,133
1,091
1,115
+3.9%
Gross profit
288
279
245
+3.1%
Gross margin
20.2%
20.4%
18.0%
Selling, general and administrative
179
193
275
-7.1%
Operating income
109
86.5
-29.7
+25.8%
Operating margin
7.7%
6.3%
-2.2%
Interest expense
3.8
4.6
5.3
-17.7%
Pre-tax income
111
85.1
-41.3
+31.0%
Income tax
26.5
26.9
16.9
-1.5%
Effective tax rate
23.8%
31.6%
n/a
Net income
84.9
58.2
-58.2
+46.0%
Net margin
6.0%
4.2%
-4.3%
Diluted EPS
$1.49
$1.02
-$1.09
+46.1%
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
154
76.7
65.2
+100.5%
Capital expenditure
8.0
15.4
12.1
-47.9%
Free cash flow
146
61.4
53.1
+137.8%
Free cash flow margin
10.3%
4.5%
3.9%
Cash from investing
-56.8
-14.1
-2.0
Cash from financing
-47.8
21.6
-72.5
Depreciation and amortisation
17.7
18.5
16.1
-4.5%
Share-based compensation
6.0
8.3
102
-27.7%
Diluted shares, weighted
57m
57m
53m
+0.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
569
474
412
+19.9%
Debt
39.3
77.3
54.3
-49.1%
Operating lease liabilities
7.2
10.0
n/a
-27.9%
Other liabilities
303
220
234
+37.6%
Total liabilities and equity
918
782
700
+17.4%
Fixed assets
115
109
109
+5.4%
Goodwill
192
174
173
+10.5%
Intangible assets
58.8
43.4
48.9
+35.7%
Cash and equivalents
263
209
127
+25.4%
Receivables
57.5
45.7
57.6
+25.7%
Inventory
166
126
123
+31.4%
Other assets
65.9
74.0
62.1
-10.8%
Total assets
918
782
700
+17.4%
10-K for the year ended 3 April 2021, filed 26 May 2021: the filing.