Century communities, inc. (CCS)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Operating activities
Net income

26,126

53,358

27,024

15,495

17,117

26,194

17,049

33,193

20,019

17,195

9,470

14,831

8,799

15,073

13,342

13,142

7,983

13,158

10,583

9,798

6,351

7,188

4,127

5,339

3,368

Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization

3,415

3,589

3,597

3,122

3,074

3,228

3,291

2,786

2,726

1,900

2,255

1,435

1,383

1,365

1,418

1,393

1,404

1,201

1,242

1,282

988

1,151

600

707

483

Stock-based compensation expense

1,685

3,925

3,923

3,934

3,534

3,608

3,812

3,807

2,516

3,021

2,600

2,010

1,911

1,599

1,595

1,748

1,715

1,380

1,374

1,435

1,056

699

712

445

296

Inventory impairment and other

781

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-521

3,688

-942

256

172

-3,351

185

1,819

-2,808

3,440

-1,108

-327

-1,331

5,314

-3,253

-691

137

5,638

-2,446

-1,105

-453

-423

-984

-416

-231

Distributions from unconsolidated subsidiaries

-

-

-

-

-

0

0

3,972

3,460

-46

1,394

3,000

852

-

-

-

-

-

-

-

-

-

-

-

-

Equity in income of unconsolidated subsidiaries

-

-

-

-

-

0

0

11,681

3,168

4,528

3,717

2,676

1,255

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposition of assets

-330

485

-320

-168

-358

-580

-1,169

29

-259

-375

-175

32

-59

-22

145

103

220

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Cash held in escrow

-12,811

4,946

4,523

1,175

320

-7,563

-11,974

22,085

-16,188

-4,539

16,282

8,764

-2,828

-7,705

15,845

-2,230

2,317

-

-

-

-

-

-

-

-

Accounts receivable

-4,349

9,509

1,930

3,563

-1,028

-14,551

7,125

7,193

-994

-7,327

5,013

1,171

1,309

877

-12,534

14,328

-2,183

-657

2,605

-5,515

5,005

-9,291

4,479

3,646

2,969

Inventories

60,930

-86,747

94,037

52,628

69,106

41,622

118,492

42,486

82,377

-11,685

43,682

30,129

21,254

6,299

35,719

-1,796

51,637

51,980

75,666

37,295

43,583

44,808

57,968

45,168

12,942

Prepaid expenses and other assets

-2,000

-8,196

-38,387

2,382

2,659

-5,385

30,236

2,460

-56

5,292

12,643

-959

-393

1,086

12,362

-826

-347

-3,143

-1,148

352

-872

246

8,068

1,033

1,793

Accounts payable

-44,624

6,099

-18,349

22,968

-15,831

49,293

-18,993

23,897

-1,637

4,356

3,358

-3,955

-7,429

-2,515

6,089

-1,488

2,571

2,664

-1,020

-93

-7,653

3,729

-1,165

1,780

-900

Accrued expenses and other liabilities

-1,198

14,638

-35,473

-7,132

-11,296

7,623

6,349

-2,687

-12,947

-7,622

-4,075

6,865

6,237

-3,401

4,275

-290

270

-3,516

6,290

-13,442

9,654

10,047

10,136

8,780

-4,100

Mortgage loans held for sale

-43,400

89,926

-26,038

23,494

-14,529

51,633

5,088

17,174

-12,148

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-12,376

80,157

-55,965

-33,599

-59,400

21,419

-136,105

-36,321

-44,571

14,137

-86,104

-29,189

-10,116

16,709

-28,071

4,235

-37,564

-15,831

-74,743

-34,387

-37,773

-20,400

-57,150

-33,333

-18,788

Investing activities
Purchases of property and equipment

2,686

4,484

5,359

3,004

3,270

3,910

4,359

5,164

2,370

11,760

2,982

1,833

1,052

1,387

1,431

2,160

2,784

1,546

2,051

938

1,215

734

362

-45

76

Proceeds from sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

341

325

636

-

-

-

-

-

-

-

-

Proceeds from secured note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

24

24

-

-

-

-

-

-

-

-

Acquisitions of businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54,350

12,856

160,379

5,000

Other investing activities

-59

-26

-19

-73

14

-31

50

-27

-295

-26

-3,078

2,975

-25

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-2,627

-2,728

-5,340

-2,931

-3,284

-3,879

-4,409

-33,173

-2,075

-68,324

-60,287

-4,808

-1,027

-18,201

-1,065

-1,811

-2,124

-1,545

-1,682

210

-1,215

-55,084

-13,218

-160,334

-5,076

Financing activities
Borrowings under revolving credit facilities

678,000

363,700

417,200

478,800

288,800

201,000

215,000

245,000

60,000

100,000

0

30,000

45,000

75,000

55,000

40,000

50,000

45,000

60,000

40,000

35,000

20,000

0

0

99,000

Payments on revolving credit facilities

224,800

573,800

350,400

553,800

204,300

234,500

109,000

115,000

60,000

100,000

0

95,000

175,000

70,000

25,000

40,000

25,000

-

-

-

-

-

-

-

-

Principal payments on notes payable

2,043

-

-

-

7,716

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from insurance notes payable

4,137

-

-

-

9,301

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of insurance premium notes and other

-

-

-

-

-

-

-

-

-

-

-

395,500

127,500

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on insurance notes payable and other

-

-

-

-

-

-

-

-

-

-

-2,194

-959

-1,582

-1,635

-4,540

-2,527

-515

-1,841

-2,245

-2,128

-2,442

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

4,848

138

1,060

2,533

-

-

-

-

0

1,033

1,399

385

-

-

-

-

Net proceeds from mortgage repurchase facilities

-40,302

96,297

-22,952

9,884

-13,689

47,228

4,329

15,986

-11,307

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuances of common stock

-

-

-

-

-

-283

16,921

9,288

5,021

63,053

10,677

9,310

15,023

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock upon vesting of stock-based compensation

4,977

-5

154

268

3,166

1

695

-2

4,790

1,090

448

789

2,904

1

110

650

254

-

-

-

-

-

-

-

-

Repurchases of common stock under stock repurchase program

-

0

0

0

1,439

-

-

-

-

-

-

-

-

0

0

0

2,393

-

-

-

-

-

-

-

-

Net cash provided by financing activities

410,015

-60,500

68,140

29,739

67,791

-826

136,220

57,524

-11,076

82,527

-127,108

347,553

5,504

14,733

35,806

-3,177

21,838

33,878

56,580

40,160

32,173

7,242

4,349

176,256

99,000

Net increase

395,012

16,929

6,835

-6,791

5,107

16,714

-4,294

-11,970

-57,722

28,340

-273,499

313,556

-5,639

13,241

6,670

-753

-17,850

16,502

-19,845

5,983

-6,815

-68,242

-66,019

-17,411

75,136

Supplemental cash flow disclosure
Cash paid for income taxes

-

-

-

-

-

330

13,003

25,717

606

-

-

-

-

2,910

5,298

14,677

582

218

9,166

5,790

3,483

5,169

8,775

664

3,850