Lgi homes, inc. (LGIH)
CashFlow / TTM
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

203,113

178,608

156,391

144,765

146,318

155,286

148,273

144,237

128,828

113,306

100,871

86,651

75,111

75,031

67,557

63,510

56,828

52,830

44,633

36,259

31,319

28,211

29,801

27,905

23,881

21,737

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,287

0

0

0

Distributions from unconsolidated LGI/GTIS Joint Ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,414

0

0

0

Depreciation and amortization

639

643

655

671

696

711

734

751

760

791

817

846

934

1,089

1,108

1,110

1,043

883

1,001

946

887

825

564

462

372

292

0

0

0

Loss on extinguishment of debt

-

-

-

-

-

3,588

3,588

530

164

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14

-9

-66

-66

-56

0

0

0

Excess tax benefits from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

138

96

96

71

47

0

0

0

-

-

-

-

-

-

-

-

Compensation expense for equity awards

7,609

7,539

6,946

6,589

6,369

5,937

5,683

5,378

4,309

4,188

3,713

3,451

3,812

3,396

2,995

3,133

2,758

2,279

1,879

1,153

1,072

862

670

423

168

43

0

0

0

Deferred income taxes

1,161

1,831

-1,062

-146

6

724

1,523

1,556

2,137

2,092

3,963

2,860

1,979

2,562

-297

-413

-681

-42

1,385

862

342

-1

-467

-447

-386

-288

0

0

0

Changes in assets and liabilities:
Accounts receivable

13,018

13,554

14,051

11,461

10,327

-1,870

-1,337

-2,391

4,510

27,651

17,075

19,064

3,381

-270

-182

299

786

9,960

6,109

5,549

7,442

1,963

7,501

5,899

3,997

3,871

0

0

0

Real estate inventory

187,495

266,651

290,198

190,886

175,612

234,664

211,330

227,404

250,652

200,609

224,495

223,916

225,253

183,884

209,363

194,600

166,058

151,707

140,222

156,777

177,344

198,357

179,818

129,202

103,621

74,595

0

0

0

Pre-acquisition costs and deposits

-6,249

-8,507

-6,700

8,396

11,056

18,853

24,645

16,118

13,047

8,215

2,709

726

2,300

3,650

3,571

4,782

2,192

-2,877

-4,959

-5,491

-7,095

6,066

9,057

10,258

11,715

2,705

0

0

0

Other assets

-2,163

-6,228

-910

-1,510

-2,921

1,398

1,438

4,793

12,939

8,643

4,863

380

-2,605

-5,472

-3,992

-80

2,096

4,795

2,338

222

-1,321

617

-1,540

-631

315

-286

0

0

0

Accounts payable

4,376

3,254

11,113

2,669

-11,047

-2,779

-8,180

886

5,817

-257

7,541

-2,980

-561

-11,747

-10,345

-2,372

2,627

8,522

13,404

4,985

4,463

1,480

4,019

7,958

4,207

5,827

0

0

0

Accrued expenses and other liabilities

27,366

35,117

1,437

11,214

9,337

-25,703

-10,828

-790

11,187

60,702

26,883

17,711

6,304

8,539

15,477

12,124

13,462

9,920

16,170

7,005

1,413

2,752

5,847

5,097

5,615

4,031

0

0

0

Net cash provided by (used in) operating activities

50,047

-41,934

-118,866

-39,946

-38,977

-116,723

-98,310

-96,475

-132,207

-68,467

-113,393

-141,380

-144,821

-108,183

-131,767

-121,779

-94,294

-89,156

-67,981

-107,580

-137,224

-173,214

-159,793

-108,581

-90,895

-54,489

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Purchases of property and equipment

940

734

621

431

533

475

411

562

500

518

653

687

708

722

796

1,058

1,113

1,117

1,259

1,073

1,086

1,195

980

909

921

685

0

0

0

Investment in unconsolidated entity

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

928

0

0

0

Capital distributions from unconsolidated LGI/GTIS Joint Ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

458

0

0

0

Net cash used in investing activities

-3,124

-1,793

-2,314

-74,894

-74,996

-74,938

-74,240

-562

-500

-518

-653

-687

-708

-722

-796

-1,058

-1,113

-1,117

-16,428

-16,242

-16,255

-16,364

-30,809

-30,617

-31,022

-31,259

0

0

0

Cash flows from financing activities:
Proceeds from notes payable

392,436

309,308

255,067

572,467

547,717

612,717

557,717

160,000

185,000

100,000

130,000

133,000

130,000

140,000

150,000

134,580

266,283

245,382

290,254

349,437

231,499

232,400

136,309

78,224

60,813

72,932

0

0

0

Payments on notes payable

324,962

273,762

133,800

465,000

445,000

436,238

396,238

50,038

40,038

25,000

20,000

23,000

28,000

45,000

40,000

37,080

171,206

154,786

195,442

195,863

42,396

43,531

3,555

7,040

28,655

52,042

0

0

0

Loan issuance costs

-

-

-

-

-

-

-

-

-

4,375

4,648

4,682

2,410

2,684

2,810

2,772

2,702

2,238

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of stock, net of offering expenses

3,070

2,886

2,598

2,509

2,639

2,690

8,138

13,072

12,900

17,130

11,340

15,147

30,892

29,448

35,982

29,397

13,079

9,593

0

0

0

-

-

-

-

-

-

-

-

Stock repurchase

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment for offering costs

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Payment for earnout obligation

-

-

-

-

-

-132

-300

-472

-594

-648

-615

-710

-777

-843

-968

-941

-1,076

-1,108

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefits from equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

138

96

96

71

47

0

0

0

-

-

-

-

-

-

-

-

Contributions from owners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,535

0

0

0

Distributions to owners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,111

0

0

0

Contributions from non-controlling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,797

0

0

0

Net cash provided by financing activities

36,225

35,448

120,241

103,509

97,033

170,714

162,551

118,623

153,083

87,038

116,099

119,701

129,603

120,855

142,013

122,756

103,973

96,471

74,713

130,718

166,829

166,879

227,371

166,843

139,880

132,747

0

0

0

Net increase (decrease) in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-20,947

-9,999

21,586

20,376

18,053

2,053

-22,366

-15,926

11,950

9,450

-81

8,566

6,198

-9,696

6,896

13,350

-22,699

36,769

27,645

17,963

46,999

0

0

0