Company: CVCO
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000278166-25-000128
Chunk: 22

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 net income to net cash provided by operating activitiesDepreciation and amortization5,169 4,761 Provision for credit losses(64)89 Deferred income taxes558 7 Stock-based compensation expense3,564 2,195 Non-cash interest income, net(239)(286)Loss on sale or retirement of property, plant and equipment, net80 11 Gain on investments and sale of loans, net(1,054)(177)Changes in operating assets and liabilities, net of acquisitionsAccounts receivable(10,390)(7,977)Consumer loans receivable originated(15,231)(20,833)Proceeds received on consumer loans receivable13,774 14,504 Inventories(5,373)(3,505)Prepaid expenses and other current assets7,561 5,648 Commercial loans receivable originated(42,378)(26,750)Principal payments received on commercial loans receivable34,532 22,356 Accounts payable, accrued expenses and other liabilities13,372 22,921 Net cash provided by operating activities55,523 47,393 INVESTING ACTIVITIESPurchases of property, plant and equipment(9,138)(4,975)Proceeds from sale of property, plant and equipment— 10 Purchases of investments(6,438)(4,547)Proceeds from sale of investments7,861 4,163 Net cash used in investing activities(7,715)(5,349)FINANCING ACTIVITIESPayments for taxes on stock option exercises and releases of equity awards(4,709)(2,349)Proceeds from exercise of stock options29 — Payments on finance leases and other secured financings(49)(51)Payments for common stock repurchases(50,000)(29,463)Net cash used in financing activities(54,729)(31,863)Net (decrease) increase in cash, cash equivalents and restricted cash(6,921)10,181 Cash, cash equivalents and restricted cash at beginning of the fiscal year375,345 368,753 Cash, cash equivalents and restricted cash at end of the period$368,424 $378,937 Supplemental disclosures of cash flow informationCash paid for income taxes$5,419 $4,720 Cash paid for interest$68 $22 Supplemental disclosures of noncash activityChange in GNMA loans eligible for rep