Lgi homes, inc. (LGIH)
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'13
Cash flows from operating activities:
Net income

42,839

64,870

49,349

46,055

18,334

42,653

37,723

47,608

27,302

35,640

33,687

32,199

11,780

23,205

19,467

20,659

11,700

15,731

15,420

13,977

7,702

7,534

7,046

9,037

4,594

9,124

5,150

5,013

2,450

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,367

1,976

652

292

Distributions from unconsolidated LGI/GTIS Joint Ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,387

2,068

799

160

Depreciation and amortization

161

156

161

161

165

168

177

186

180

191

194

195

211

217

223

283

366

236

225

216

206

354

170

157

144

93

68

67

64

Loss on extinguishment of debt

-

-

-

-

-

0

3,058

366

164

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-4

0

-10

5

-61

0

0

Excess tax benefits from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

114

0

0

24

72

0

-25

0

-

-

-

-

-

-

-

-

Compensation expense for equity awards

1,853

2,358

1,759

1,639

1,783

1,765

1,402

1,419

1,351

1,511

1,097

350

1,230

1,036

835

711

814

635

973

336

335

235

247

255

125

43

0

0

0

Deferred income taxes

-2,320

1,833

773

875

-1,650

-1,060

1,689

1,027

-932

-261

1,722

1,608

-977

1,610

619

727

-394

-1,249

503

459

245

178

-20

-61

-98

-288

0

0

0

Changes in assets and liabilities:
Accounts receivable

-11,385

10,960

2,223

11,220

-10,849

11,457

-367

10,086

-23,046

11,990

-1,421

16,987

95

1,414

568

1,304

-3,556

1,502

1,049

1,791

5,618

-2,349

489

3,684

139

3,189

-1,113

1,782

13

Real estate inventory

-17,902

16,730

150,250

38,417

61,254

40,277

50,938

23,143

120,306

16,943

67,012

46,391

70,263

40,829

66,433

47,728

28,894

66,308

51,670

19,186

14,543

54,823

68,225

39,753

35,556

36,284

17,609

14,172

6,530

Pre-acquisition costs and deposits

204

-2,892

-5,854

2,293

-2,054

-1,085

9,242

4,953

5,743

4,707

715

1,882

911

-799

-1,268

3,456

2,261

-878

-57

866

-2,808

-2,960

-589

-738

10,353

31

612

719

1,343

Other assets

2,953

-573

281

-4,824

-1,112

4,745

-319

-6,235

3,207

4,785

3,036

1,911

-1,089

1,005

-1,447

-1,074

-3,956

2,485

2,465

1,102

-1,257

28

349

-441

681

-2,129

1,258

505

80

Accounts payable

6,571

-16,509

6,442

7,872

5,449

-8,650

-2,002

-5,844

13,717

-14,051

7,064

-913

7,643

-6,253

-3,457

1,506

-3,543

-4,851

4,516

6,505

2,352

31

-3,903

5,983

-631

2,570

36

2,232

989

Accrued expenses and other liabilities

-21,071

37,371

4,696

6,370

-13,320

3,691

14,473

4,493

-48,360

18,566

24,511

16,470

1,155

-15,253

15,339

5,063

3,390

-8,315

11,986

6,401

-152

-2,065

2,821

809

1,187

1,030

2,071

1,327

-397

Net cash provided by (used in) operating activities

58,803

62,225

-85,266

14,285

-33,178

-14,707

-6,346

15,254

-110,924

3,706

-4,511

-20,478

-47,184

-41,220

-32,498

-23,919

-10,546

-64,804

-22,510

3,566

-5,408

-43,629

-62,109

-26,078

-41,398

-30,208

-10,897

-8,392

-4,992

Cash flows from investing activities:
Capital investments in unconsolidated LGI/GTIS Joint Ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

0

29

Purchases of property and equipment

417

193

218

112

211

80

28

214

153

16

179

152

171

151

213

173

185

225

475

228

189

367

289

241

298

152

218

253

62

Investment in unconsolidated entity

1,125

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

270

658

Capital distributions from unconsolidated LGI/GTIS Joint Ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

310

115

-123

156

Net cash used in investing activities

-1,542

-193

-1,277

-112

-211

-714

-73,857

-214

-153

-16

-179

-152

-171

-151

-213

-173

-185

-225

-475

-228

-189

-15,536

-289

-241

-298

-29,981

-97

-646

-535

Cash flows from financing activities:
Proceeds from notes payable

128,128

129,241

100,317

34,750

45,000

75,000

417,717

10,000

110,000

20,000

20,000

35,000

25,000

50,000

23,000

32,000

35,000

60,000

7,580

163,703

14,099

104,872

66,763

45,765

15,000

8,781

8,678

28,354

27,119

Payments on notes payable

75,000

189,962

15,000

45,000

23,800

50,000

346,200

25,000

15,038

10,000

0

15,000

0

5,000

3,000

20,000

17,000

0

80

154,126

580

40,656

501

659

1,715

680

3,986

22,274

25,102

Loan issuance costs

-

-

-

-

-

-

-

-

-

0

16

4,169

190

273

50

1,897

464

399

12

1,827

0

-

-

-

-

-

-

-

-

Proceeds from sale of stock, net of offering expenses

833

921

701

615

649

633

612

745

700

6,081

5,546

573

4,930

291

9,353

16,318

3,486

6,825

2,768

0

0

-

-

-

-

-

-

-

-

Stock repurchase

31,335

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment for offering costs

-

-

-

-

-

-

-

-

-

-

0

0

69

-

76

48

57

-

313

0

0

-

-

-

-

-

-

-

-

Payment for earnout obligation

-

-

-

-

-

0

0

0

-132

-168

-172

-122

-186

-135

-267

-189

-252

-260

-240

-324

-284

-

-

-

-

-

-

-

-

Excess tax benefits from equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

114

0

0

24

72

0

-25

0

-

-

-

-

-

-

-

-

Contributions from owners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,500

35

Distributions to owners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,871

0

2,240

1,000

Contributions from non-controlling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

488

10,209

5,100

Net cash provided by financing activities

22,626

-60,717

86,018

-11,702

21,849

24,076

69,286

-18,178

95,530

15,913

25,358

16,282

29,485

44,974

28,960

26,184

20,737

66,132

9,703

7,401

13,235

44,374

65,708

43,512

13,285

104,866

5,180

16,549

6,152

Net increase (decrease) in cash and cash equivalents

79,887

-

-

-

-11,540

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

8,655

-10,917

-3,138

-15,547

19,603

20,668

-4,348

-17,870

3,603

-3,751

2,092

10,006

1,103

-13,282

10,739

7,638

-14,791

3,310

17,193

-28,411

44,677

-5,814

7,511

625