Green brick partners, inc. (GRBK)
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'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net income

16,716

17,548

19,139

16,124

11,491

16,928

15,373

18,995

13,239

-4,379

11,928

9,431

8,226

13,100

8,165

9,418

4,490

7,067

5,286

7,004

6,188

34,319

6,063

10,864

9,816

59,511

-5,130

-4,737

-5,328

55,547

-11,327

-12,415

-11,093

4,456

2,548

-8,316

-9,049

Depreciation expense

-

-

-

-

-

-

-

-

-

-

-

-

88

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, Depletion and Amortization

627

636

765

790

888

1,139

766

636

402

-

-

-

-

87

78

65

56

-8

531

265

77

-124

169

138

108

-21,122

7,073

7,086

7,090

-21,121

7,054

7,062

7,058

7,026

7,002

7,008

8,676

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Share-based compensation expense

1,700

-

200

200

1,600

-

200

152

1,248

-

170

160

1,912

-

146

589

245

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnest Money Deposits and Pre-acquisition Costs Written-Off

3,400

-

-

-

500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83

40

0

0

0

-541

142

140

259

-1,119

368

344

407

406

384

350

353

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

0

3,157

1,492

-197

454

1,693

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

0

531

150

1,511

-955

3,592

2,800

4,889

3,431

24,528

4,747

3,677

3,347

4,670

3,393

3,655

1,429

2,601

1,757

1,993

2,001

-25,338

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

2,565

2,244

3,022

2,697

1,846

725

2,719

2,279

1,536

1,778

968

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions of income from unconsolidated entities

1,657

1,694

1,717

1,401

272

1,262

1,403

1,197

761

715

259

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Increase in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

794

-31

1

-277

-22

381

245

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in receivables

1,301

-4,790

4,501

2,236

-2,069

784

-2,146

4,448

-57

-203

-573

-487

420

381

-119

-1,940

812

2,588

-84

-115

177

667

-284

-818

738

2,352

-5,360

-2,949

6,290

-972

-986

-3,406

4,740

-4,419

-7,506

-2,863

577

Increase in inventory

16,884

12,578

20,745

28,927

21,720

20,657

65,195

9,637

33,802

24,847

45,023

28,734

-3,152

-7,131

36,072

8,764

32,499

27,258

3,373

12,668

15,429

10,369

19,379

3,846

4,432

98,881

-550

-298

-1,403

111,425

-4,376

-1,616

-7,279

3,619

-651

-481

12

(Increase) decrease in earnest money deposits

7,436

-1,247

3,022

-563

-3,319

-1,098

-3,376

1,525

830

-3,808

3,731

2,550

624

4,091

-745

30

-2,993

1,204

7,700

407

1,858

-507

1,583

217

2,091

-

-

-

-

-

-

-

-

-

-

-

-

Increase in other assets

1,595

1,422

855

-2,820

2,068

-312

1,879

1,039

135

241

397

324

739

3,191

175

-323

-718

744

-174

1,256

61

292

427

-11

120

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

-155

72

-

-790

-235

-223

-864

1,762

-187

-124

Increase (decrease) in accounts payable

1,288

-4,646

9,268

3,782

-4,451

-8,907

15,497

-4,945

-2,128

6,331

-312

3,226

-2,004

-20,631

18,999

-70

3,285

-773

-300

3,274

-2,222

-522

4,445

1,976

-1,001

11,284

-2,753

-6,545

2,151

533

-1,752

3,622

1,855

-6,609

-6,081

2,053

3,591

Increase in accrued expenses

6,850

-6,525

3,417

-4,131

2,855

5,556

2,407

3,686

-2,179

1,712

2,325

-495

633

3,101

2,067

1,881

1,522

27

-4,302

-274

1,084

845

2,079

727

1,055

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Contract with Customer, Liability

1,369

-

-

-

1,643

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in customer and builder deposits

-

-

-

-

-

-1,835

-175

2,217

1,251

-1,309

3,464

2,225

2,979

-1,230

5,196

1,051

2,133

-1,456

-1,815

202

255

-1,646

149

-6

481

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,956

1,833

1,617

-

840

476

-785

-479

782

220

-908

Other assets and liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83

-1,042

11

-

-344

3,638

-126

-2,990

5,006

299

-1,344

Net cash provided by (used in) operating activities

1,162

-824

-445

-11,563

-9,231

-1,151

-26,024

7,920

-20,221

5,159

-26,899

-12,813

16,550

-1,131

2,661

10,058

-16,440

-23,416

-10,330

-1,608

-10,060

-2,970

-8,178

10,084

2,833

-60,024

7,085

2,221

819

-66,416

1,679

708

330

9,454

6,024

4,547

3,542

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,231

-2,087

-3,720

13,821

-9,669

4,301

-3,870

1,552

6,058

1,617

292

3,334

1,629

-2,474

-3,452

5,475

1,632

618

-14

Cash flows from investing activities:
Proceeds from sale of investment in direct financing leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,768

3,161

459

1,010

951

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-305

305

-157

1,757

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-305

4,105

3,751

1,605

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property and equipment

1,054

731

695

572

571

1,444

589

577

601

122

27

0

0

115

179

157

7

-355

230

221

211

-697

342

619

256

-1,926

950

575

499

-115

9

16

581

776

2,982

-1,103

188

Net cash used in investing activities

-1,054

-6,031

-695

-572

-571

-1,444

-2,103

-26,679

-601

-167

-268

0

0

-115

-179

-157

-7

355

-230

-221

2,557

3,858

3,917

4,299

543

12,810

-950

-575

-499

3,127

-9

-16

-581

-776

-1,152

-727

-188

Net Cash Provided by (Used in) Financing Activities [Abstract]
Borrowings from lines of credit

126,000

58,500

72,000

56,500

37,000

32,000

37,500

57,500

38,000

27,000

34,000

22,500

5,000

0

23,000

10,000

30,000

43,540

28,960

6,500

7,000

9,500

5,500

0

4,000

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

46,000

Repayment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,150

3,150

3,150

3,150

3,150

44,628

Repayment of notes payable and capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77

29

28

-

41

16

51

53

90

52

3,006

Payment of equity offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,621

Payments of Debt Issuance Costs

-

-

-

-

-

642

78

0

150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

113

Proceeds from notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

530

1,667

1,009

2,248

1,290

3,761

690

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Lines of Credit

48,000

58,500

140,000

30,500

31,000

30,000

5,000

25,000

10,000

15,000

13,000

11,000

17,500

6,500

5,000

14,000

10,000

10,000

35,500

5,500

1,561

20,783

259

569

536

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of notes payable

-

-

-

-

-

1,045

159

9,010

12

278

9

10

725

0

713

987

170

1,301

894

594

2,410

2,450

4,966

5,652

9,366

-

-

-

-

-

-

-

-

-

-

-

-

Payment, Tax Withholding, Share-based Payment Arrangement

592

0

0

0

544

0

0

0

412

0

0

0

586

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for Repurchase of Common Stock

0

0

1,798

328

60

981

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions of LLC Members

400

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from noncontrolling interests

-

-

-

-

-

-

-

-

-

0

145

205

88

7

570

123

2,228

0

0

42

45

195

202

390

0

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to controlling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,339

971

3,934

877

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Noncontrolling Interests

2,970

0

0

258

10,735

1

323

2,378

8,045

1,156

270

4,873

4,597

625

2,838

4,792

1,500

1,300

3,750

2,373

300

354

6,204

4,078

1,157

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

74,838

3,308

3,520

24,373

-5,339

-664

31,940

21,112

19,381

10,209

20,484

6,752

-18,320

-6,209

16,444

-9,656

20,558

30,898

9,329

-258

3,783

12,933

-5,408

-10,082

-7,246

48,766

-77

-29

-28

66,623

-41

-3,166

-3,201

-3,203

-3,240

-3,202

-3,368

Net increase (decrease) in cash and cash equivalents and restricted cash

74,946

-3,547

2,380

12,238

-15,141

-3,259

3,813

2,353

-1,441

15,201

-6,683

-6,061

-1,770

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,926

245

4,111

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental Cash Flow Information [Abstract]
Interest Paid, Excluding Capitalized Interest, Operating Activities

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-282

2,593

453

380

370

422

261

-

-

-

-

-

-

-

-

-

-

-

-

Income Taxes Paid, Net

-137

-

6,793

7,520

0

-

1,821

1,625

-46

-

666

2,170

36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnest Money Deposits and Pre-acquisition Costs Written-Off

3,400

-

-

-

500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes, net of refunds

-

-

-

-

-

-

-

-

-

-

-

-

-

466

331

546

160

196

229

641

273

253

36

193

154

-

-

-

-

-

-

-

-

0

0

0

5

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

108

103

104

-

1,092

1,523

1,565

1,581

1,626

1,619

2,044

Supplemental disclosure of noncash investing and financing activities:
Decrease in land not owned under option contracts

-

-

-

-

-

-

-

-

-

-

955

459

857

-

2,962

2,231

1,032

-21,190

10,826

956

473

-7,279

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Additions to property, plant and equipment unpaid during the period

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

-44

48

-64

61

-28

53

Out-of-period equity adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,933

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock in exchange for debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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0

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