Lgi homes, inc. (LGIH)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Cash flows from operating activities:
Net income

178,608

155,286

113,306

75,031

52,830

28,211

21,737

9,868

4,512

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Income from unconsolidated LGI/GTIS Joint Ventures

-

-

-

-

-

-

4,287

1,526

714

Distributions from unconsolidated LGI/GTIS Joint Ventures

-

-

-

-

-

-

4,414

1,545

607

Gain on remeasurement of interests in LGI/GTIS Joint Ventures

-

-

-

-

-

-

6,446

0

0

Depreciation and amortization

643

711

791

1,089

883

825

292

185

79

Loss on extinguishment of debt

169

3,588

0

0

-

-

-

-

-

Gain on settlement of participation fee obligation

-

-

-

-

-

-

9

0

0

Loss on disposal of assets

-37

-6

-13

-1

0

-14

-56

0

0

Settlement of accrued bonuses with restricted stock units

-

-

-

-

-

-

1,026

0

0

Excess tax benefits from stock based compensation

-

-

-

138

47

356

-

-

-

Compensation expense for equity awards

7,539

5,937

4,188

3,396

2,279

862

43

0

0

Deferred income taxes

1,831

724

2,092

2,562

-42

-1

-288

0

0

Changes in assets and liabilities:
Accounts receivable

13,554

-1,870

27,651

-270

9,960

1,963

3,871

205

429

(Receivables from) payables to related parties, net

-

-

-

-

-

-

-

-

147

Real estate inventory

266,651

234,664

200,609

183,884

151,707

198,357

74,595

15,963

-7,751

Pre-acquisition costs and deposits

-8,507

18,853

8,215

3,650

-2,877

6,066

2,705

426

241

Other assets

-6,228

1,398

8,643

-5,472

4,795

617

-286

946

898

Accounts payable

3,254

-2,779

-257

-11,747

8,522

1,480

5,827

1,670

-6

Accrued expenses and other liabilities

35,117

-25,703

60,702

8,539

9,920

2,752

4,031

1,145

-958

Net cash provided by (used in) operating activities

-41,934

-116,723

-68,467

-108,183

-89,156

-173,214

-54,489

-4,653

9,554

Cash flows from investing activities:
Payment for business acquisitions, net of cash acquired

-

-

-

-

-

15,169

30,139

-1

0

Capital investments in unconsolidated LGI/GTIS Joint Ventures

-

-

-

-

-

-

-

-2,244

14

Purchases of property and equipment

734

475

518

722

1,117

1,195

685

-33

451

Investment in unconsolidated entity

1,059

0

0

-

-

-

928

0

1,299

Payments to Acquire Businesses, Gross

0

74,463

0

0

-

-

-

-

-

Capital distributions from unconsolidated LGI/GTIS Joint Ventures

-

-

-

-

-

-

458

-435

0

Proceeds from Sale of Property, Plant, and Equipment

-

-

-

-

-

-

35

-

-

Net cash used in investing activities

-1,793

-74,938

-518

-722

-1,117

-16,364

-31,259

-2,645

-1,735

Cash flows from financing activities:
Proceeds from notes payable

309,308

612,717

100,000

140,000

245,382

232,400

72,932

46,364

26,156

Payments on notes payable

273,762

436,238

25,000

45,000

154,786

43,531

52,042

37,810

32,483

Loan issuance costs

2,984

6,741

4,375

2,684

2,238

5,200

-

-

-

Proceeds from sale of stock, net of offering expenses

2,886

2,690

17,130

29,448

9,593

0

102,636

0

0

Stock repurchase

0

1,506

0

0

-

16,550

-

-

-

Payment for offering costs

0

76

69

204

419

0

-

-

-

Payment for earnout obligation

0

-132

-648

-843

-1,108

0

-

-

-

Excess tax benefits from equity awards

-

-

-

138

47

-240

-

-

-

Contributions from owners

-

-

-

-

-

-

2,535

6,650

4,360

Distributions to owners

-

-

-

-

-

-

9,111

4,135

5,770

Contributions from non-controlling interests

-

-

-

-

-

-

15,797

0

404

Distributions to non-controlling interests

-

-

-

-

-

-

-

1,807

637

Net cash provided by financing activities

35,448

170,714

87,038

120,855

96,471

166,879

132,747

9,262

-7,970

Net increase (decrease) in cash and cash equivalents

-8,279

-20,947

18,053

11,950

6,198

-22,699

46,999

1,964

-151