Kb home (KBH)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10May'10Feb'10
Cash flows from operating activities:
Net income

59,748

123,167

68,136

47,461

30,011

96,836

87,476

57,308

-71,255

84,346

50,208

31,782

14,259

37,528

39,363

15,597

13,127

44,017

23,254

9,573

7,799

852,801

28,361

26,624

10,563

28,116

27,278

-2,973

-12,458

7,724

3,261

-24,136

-45,802

13,911

-9,649

-68,504

-114,526

17,442

-1,397

-30,709

-54,704

Adjustments to reconcile net income to net cash used in operating activities:
Income (Loss) from Equity Method Investments

5,127

4,822

3,332

2,131

396

2,676

6,078

1,039

-426

1,904

-154

315

760

-2,985

-404

-1,022

-1,190

645

236

1,540

67

555

-1,028

-684

2,584

-356

-662

-571

656

-374

2,397

-296

70

19,688

-824

570

-55,987

-495

-951

2,081

137

Distributions of earnings from unconsolidated joint ventures

8,150

0

2,900

1,150

2,400

2,750

1,150

3,847

1,300

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

311

0

200

1,438

0

3,316

0

0

2,391

-1

6,127

186

10,410

2,500

2,500

5,000

Loss on loan guaranty

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,565

0

14,572

22,758

-

-

-

-

Gain on sale of operating property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

8,825

-

-

-

-

Amortization of discounts, premiums and issuance costs

613

926

903

1,129

1,468

1,555

1,552

1,573

1,552

1,567

1,692

1,649

1,665

1,908

1,898

1,889

1,881

1,872

1,952

1,994

1,920

1,878

1,886

1,760

1,600

1,536

1,424

1,416

971

866

803

768

579

490

552

556

552

544

540

535

530

Depreciation and amortization

7,316

7,375

7,045

6,334

6,446

618

631

623

628

649

651

698

802

874

931

932

900

864

901

841

805

743

651

559

467

452

465

475

465

475

366

389

392

395

476

564

596

661

848

888

892

Deferred income taxes

-8,500

-37,602

-22,300

-8,900

-4,501

-27,149

-27,000

-20,600

-117,068

-49,448

-28,800

-20,000

-7,100

-17,611

-13,800

-9,000

-2,800

-27,820

-9,516

-3,100

-2,600

825,232

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

0

0

0

-5,685

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

-8,275

0

-2,003

0

0

0

3,612

0

0

-436

-1,366

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,182

0

451

-2,050

Stock-based compensation

4,950

3,833

4,513

5,814

4,152

3,712

3,354

4,966

3,829

4,740

2,856

3,885

3,152

6,670

2,674

4,613

2,893

6,699

3,016

4,247

3,181

3,140

2,234

1,946

1,779

2,103

1,552

1,031

1,013

2,029

1,479

1,549

1,656

2,289

1,990

1,795

1,980

2,099

1,946

1,964

2,065

Inventory impairments and land option contract abandonments

5,672

4,148

5,251

4,337

3,555

9,069

8,414

6,526

4,985

7,110

8,113

6,001

4,008

36,054

3,052

11,740

1,966

5,075

3,532

536

448

-

-

-

433

-

-

-

-

5,621

6,403

9,937

6,572

2,284

1,162

20,591

1,754

3,186

3,377

0

13,362

Land Option Contract Abandonment Charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

284

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Receivables

4,195

-41,640

-8,196

-14,087

19,495

13,748

4,812

25,194

6,024

14,680

-5,077

-3,883

6,788

-8,581

3,350

-9,735

-3,999

-34,175

7,033

4,127

13,872

-22,756

10,653

6,880

10,221

4,152

6,596

731

-326

-29,496

21,297

1,498

-18,293

-8,720

9,497

6,070

-4,627

-28,556

655

10,810

-194,227

Inventories

17,941

-224,114

135,988

99,390

154,083

-99,922

217,249

17,488

135,311

-221,935

-4,670

63,642

36,878

-167,208

45,468

69,796

150,265

-107,361

-44,155

96,226

20,438

-4,326

205,284

374,136

205,037

72,187

200,341

91,900

198,761

-40,909

-5,569

-9,725

25,856

-165,425

9,978

102,852

64,940

-19,687

-6,193

106,727

48,487

Accounts payable, accrued expenses and other liabilities

-60,996

-45,548

46,405

28,617

-70,057

41,825

66,516

72,385

-54,016

56,668

64,599

9,432

-64,105

7,962

54,307

-8,988

-20,558

-25,663

32,096

-6,016

-28,032

-11,169

17,914

16,988

-14,514

-12,552

40,105

34,623

-2,413

29,123

8,948

20,407

-60,621

-206,594

-18,873

27,392

-55,472

-51,882

-65,714

10,712

-92,321

Other, net

16,556

-3,993

-1,861

-1,568

6,712

-3,978

-1,907

1,796

4,862

-1,037

-1,030

911

5,182

-4,072

2,764

-110

1,246

-1,851

-2,663

-627

3,253

-2,699

2,691

1,368

3,549

-245

-1,592

-436

957

6,200

1,797

-2,266

6,730

664

-4,379

26

5,964

-1,163

128

-2,875

5,579

Net Cash Provided by (Used in) Operating Activities

-9,866

403,186

28,190

17,876

-198,210

271,020

-30,139

122,311

-141,680

409,949

167,850

12,462

-77,042

291,267

64,847

-24,146

-143,313

203,269

113,816

-86,991

-48,909

85,971

-162,133

-333,466

-221,063

-42,027

-133,859

-56,568

-211,032

110,417

14,081

19,703

-109,584

-37,606

-38,615

-106,425

-164,899

30,179

-51,539

-130,868

18,264

Cash flows from investing activities:
Contributions to unconsolidated joint ventures

1,668

3,634

3,411

1,718

2,527

7,031

4,040

3,575

8,025

3,540

4,049

2,355

8,750

4,602

250

459

291

-329

7,711

10,830

2,414

15,063

17,792

7,624

8,618

4,303

4,405

5,347

304

1,876

1,685

1,997

-6,547

65,286

55

1,308

611

14,136

-223

-584

2,340

Return of investments in unconsolidated joint ventures

500

0

0

0

5,001

0

8,835

0

1,099

2,876

1,201

5,851

1,107

812

3,495

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of building

0

0

0

0

5,804

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of investment in unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

10,110

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of operating property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

80,600

-

-

-

-

Purchases of property and equipment, net

6,671

8,248

9,947

12,239

10,025

3,233

710

1,503

1,924

1,442

2,543

3,085

1,015

2,104

-196

1,463

1,413

2,577

510

1,004

586

1,637

1,146

1,436

1,576

1,032

607

322

430

697

460

163

429

168

-34

34

74

-222

188

263

191

Net cash used in investing activities

-7,839

-11,882

-13,358

-13,957

-1,747

-10,264

4,085

-5,078

-8,850

-2,106

-5,391

411

-8,658

-5,894

3,441

-1,922

-1,704

-2,248

5,779

-11,834

-3,000

-16,700

-18,938

-9,060

-84

-5,335

-5,012

-5,669

-734

-2,573

-2,145

-2,160

6,118

-65,454

-21

-1,342

79,915

-13,914

35

321

-2,531

Cash flows from financing activities:
Proceeds from issuance of debt

0

300,000

0

0

405,250

0

0

0

0

-

-

-

-

-

-

-

-

0

0

0

250,000

0

0

400,000

0

450,000

0

0

230,000

0

350,000

0

344,831

-

-

-

-

-

-

-

-

Issuance costs for unsecured revolving credit facility

0

5,919

0

0

5,209

0

0

0

0

-

-

-

-

-

-

-

-

0

1,224

348

2,989

0

0

5,448

0

6,439

0

3,208

6,878

250

5,444

935

5,816

-

-

-

-

-

-

-

-

Proceeds from (Repayments of) Restricted Cash, Financing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

602

2,915

840

4,987

15,684

2,185

771

-749

5,221

11,781

-2,154

-177

-275

691

2,297

-2,257

3,751

17,069

708

591

48,705

777

7,224

-5,710

907

-8,627

-17,535

24,070

Repayment of senior notes

0

356,231

0

400,000

230,000

0

300,000

0

0

165,000

0

0

105,326

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

252,164

0

340,481

-

-

-

-

-

-

-

-

Borrowings under revolving credit facility

0

150,000

130,000

190,000

140,000

0

70,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under revolving credit facility

0

200,000

130,000

140,000

140,000

0

70,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on mortgages and land contracts due to land sellers and other loans

0

-8,967

-4,129

0

-28,020

-4,257

0

-7,132

-3,362

-13,939

-30,803

-16,212

-45,428

-25,932

-15,274

-20,980

-5,659

-9,141

-5,979

-5,035

-2,722

-13,626

-16,816

-3,821

-2,655

-21,891

-6,575

-20,827

-17,003

-5,199

-14,404

-4,980

-1,715

-3,397

-5,238

-10,325

-70,501

-27,783

-1,543

-60,746

-11,082

Proceeds from issuance of common stock, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-308

109,811

0

0

0

0

-

-

-

-

-

-

-

-

Issuance of common stock under employee stock plans

8,226

11,795

2,267

15,630

832

2,578

12,662

1,825

2,946

2,485

17,628

2,387

662

-2,008

7,351

0

0

-

-

-

-

-

-

-

-

34

41

2,054

52

142

98

178

175

370

984

373

69

242

712

665

232

Stock repurchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,593

0

5

87,526

267

0

279

21

500

0

46

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

350

Payment, Tax Withholding, Share-based Payment Arrangement

6,219

3,943

0

3

3,342

1,689

0

0

6,787

4,130

0

0

2,543

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of cash dividends

8,233

8,018

7,897

2,189

2,266

2,206

2,186

2,178

2,322

2,163

2,138

2,126

2,215

2,115

2,107

2,094

2,270

2,296

2,291

2,300

2,299

2,300

2,294

2,294

2,094

2,094

2,093

2,090

2,089

1,925

1,928

1,928

4,818

4,817

4,810

4,807

4,806

4,808

4,808

4,804

4,803

Net cash provided by (used in) financing activities

-6,226

-121,283

-9,759

-336,562

137,245

-40,613

-289,524

-7,485

-9,525

-181,789

-17,024

-15,951

-154,850

-30,095

-7,115

-22,239

-90,468

4,441

-206,804

-7,166

241,220

-9,511

-7,191

523,346

-4,926

193,420

-15,870

-22,115

311,636

-5,280

93,227

-6,957

-7,233

40,861

-108,287

-7,535

-80,948

-31,442

-14,266

-81,837

8,067

Net decrease in cash and cash equivalents

-23,931

270,021

5,073

-332,643

-62,712

220,143

-315,578

109,748

-160,055

226,054

145,435

-3,078

-240,550

255,278

61,173

-48,307

-235,485

205,462

-87,209

-105,991

189,311

59,760

-188,262

180,820

-226,073

146,058

-154,741

-84,352

99,870

102,564

105,163

10,586

-110,699

-62,199

-146,923

-115,302

-165,932

-15,177

-65,770

-212,384

23,800