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LGIH Price Correlated With Financials For LGI Homes

Free historical financial statements for LGI Homes Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 33 quarters since 2014. Compare with LGIH stock chart to see long term trends.

LGIH Stock Compared to Quarterly

LGIH Income Statement

Revenue, Net:546050000
Revenue Per Share:22.9075
Cost of Goods & Services Sold:387643000
Selling, General & Admin Expense:34398000
Operating Income:99550000
Income Taxes:20864000
Net Income:78686000
Earnings Per Share, Basic:3.3
Shares Outstanding, Basic Avg:23837170

LGIH Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:348000
Change in Accounts Receiveable:-9420000
Net Cash from Operations:-137787000
Net Cash from Operations Per Share:-5.7803
Repurchases/Buybacks Common Stock:57659000
Net Cash from Financing Activities:141971000
Property, Plant & Equipment Purchases:993000
Net Cash from Investing Activities:-1373000
Net Change in Cash & Equivalents:2811000

LGIH Balance Sheet

Cash and Cash Equivalents:53325000
Property, Plant & Equipment, Net:19420000
Total Assets:2594233000
Total Liabilities:1171482000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Sharpe Maria Renna   Director
1,305 sh at $0
 
Buy
COMPANY PROFILE
ORGANIZATION AND BUSINESS Organization and Description of the Business

LGI Homes, Inc., a Delaware corporation (the “Company”, “we,” “us,” or “our”), is headquartered in The Woodlands, Texas. We engage in the development of communities and the design, construction and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia and Pennsylvania.

Acquisitions

On May 6, 2021, we acquired certain real estate assets owned by KenRoe Inc. and its affiliated entities, including R Home LLC and Paxmar Land Development (collectively, “KenRoe”), and assumed certain related liabilities. As a result of the KenRoe acquisition, we expanded our Minnesota presence in the Minneapolis market. We acquired approximately 100 homes under construction and more than 3,000 owned and controlled lots. The total purchase price for the KenRoe assets, primarily consisting of inventory, was approximately $27.3 million in cash, subject to certain potential post-closing adjustments. The acquisition is accounted for in accordance with Accounting Standards Codification (“ASC”) Topic 805, Business Combinations (“ASC 805”). Our purchase accounting for KenRoe as of December 31, 2021 is preliminary and we expect to complete the working capital adjustment and valuation of the tangible assets, intangible assets and liabilities assumed as of the acquisition date within one year from the acquisition date.

On July 14, 2021, we acquired the real estate assets of Buffington Homebuilding Group, Ltd. (“Buffington”) and assumed certain related liabilities. The total purchase price for the Buffington assets, primarily consisting of inventory, was approximately $39.1 million in cash, subject to certain potential post-closing adjustments. This acquisition further expands our land position in the Austin, Texas market. The acquired assets include over 100 homes under construction, and more than 500 owned and controlled lots. The acquisition is accounted for in accordance with ASC 805. Our purchase accounting for Buffington as of December 31, 2021 is preliminary and we expect to complete the working capital adjustment and valuation of the tangible assets, intangible assets and liabilities assumed as of the acquisition date within one year from the acquisition date.

Data imported from LGI Homes Inc. SEC filings. Check original filings before making any investment decision.