Company: CVCO
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0000278166-25-000007
Chunk: 21

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 1
Chunk 21
---
Item 1. Financial Statements

CAVCO INDUSTRIES, INC.

CONSOLIDATED BALANCE SHEETS 

(Dollars in thousands, except per share amounts)December 28,2024March 30,2024ASSETS(Unaudited)Current assetsCash and cash equivalents$362,863 $352,687 Restricted cash, current15,178 15,481 Accounts receivable, net91,840 77,123 Short-term investments16,062 18,270 Current portion of consumer loans receivable, net33,242 20,713 Current portion of commercial loans receivable, net34,892 40,787 Current portion of commercial loans receivable from affiliates, net1,358 2,529 Inventories243,299 241,339 Prepaid expenses and other current assets79,253 82,870 Total current assets877,987 851,799 Restricted cash585 585 Investments18,287 17,316 Consumer loans receivable, net20,394 23,354 Commercial loans receivable, net51,305 45,660 Commercial loans receivable from affiliates, net6,798 2,065 Property, plant and equipment, net226,126 224,199 Goodwill121,969 121,934 Other intangibles, net27,068 28,221 Operating lease right-of-use assets35,248 39,027 Total assets$1,385,767 $1,354,160 LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilitiesAccounts payable$26,088 $33,531 Accrued expenses and other current liabilities259,134 239,736 Total current liabilities285,222 273,267 Operating lease liabilities31,472 35,148 Other liabilities7,206 7,759 Deferred income taxes4,642 4,575 Stockholders' equityPreferred stock, $0.01 par value; 1,000,000 shares authorized; No shares issued or outstanding— — Common stock, $0.01 par value; 40,000,000 shares authorized; Issued 9,422,969 and 9,389,953 shares, respectively; Outstanding 8,066,549 and 8,320,718 shares, respectively94 94 Treasury stock, at cost; 1,356,