Company: MCFT
Filing Date: 2025-08-27
Form Type: 10-K
Source: 0000950170-25-111682
Chunk: 19

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-08-27
Form: 10-K
Item: Item 6
Chunk 19
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. Net changes in Cash and cash equivalents and Short-term investments include proceeds from short-term investments being used to repay outstanding amounts under the Revolving Credit Facility and $26.1 million in net proceeds from the Aviara Facility Sale. Refer to Note 3 — Discontinued Operations and Note 4 — Short-term investments in the Notes to Consolidated Financial Statements for further details. Total debt as of June 30, 2024 was $49.3 million, with no amounts outstanding as of June 30, 2025. As of June 30, 2025, we had no amounts outstanding under the Revolving Credit Facility, leaving $100.0 million of available borrowing capacity. Refer to Note 9 — Long-Term Debt in the Notes to Consolidated Financial Statements for further details.On July 24, 2023, the Board authorized a new share repurchase program under which the Company may repurchase up to $50.0 million of its outstanding shares of common stock. The new authorization became effective upon the completion of the Company’s previously existing $50.0 million stock repurchase authorization. As of June 30, 2025, $25.9 million remained available under the new authorization.During fiscal 2025 and fiscal 2024, the Company repurchased 531,970 shares and 750,943 shares of common stock for $9.5 million and $16.3 million, respectively, in cash, including related fees and expenses.The following table and discussion below relate to our cash flows from continuing operations for operating, investing, and financing activities:

     (Dollar amounts in thousands)
      
     2025

     2024

     2023

     Total cash provided by (used in):

     Operating activities
      
     $
     38,222

     $
     12,200

     $
     136,630

     Investing activities

     20,044

     4,051

     (115,173
     )

     Financing activities

     (60,097
     )

     (23,135
     )

     (27,148
     )

     Net change in cash and cash equivalents from continuing operations
      
     $
     (1,831
     )
      
     $
     (6,884
     )
      
     $
     (5,691
     )
    
   Fiscal 2025 Cash Flow from Continuing OperationsNet cash provided by operating activities was $38.2 million, primarily