LGI HOMES, INC. LGIH Income Statement

Lgi homes, inc. (LGIH)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Home sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65,034	37,035	36,519	21,479
Management and warranty fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	421	1,007	820	481
Home sales revenues
454,727	605,649	483,081	461,830	287,594	425,160	380,369	419,847	279,024	404,975	365,896	324,178	162,911	236,830	216,304	222,723	162,463	176,764	173,956	158,826	120,690	108,421	92,516	106,412	75,919	65,455	38,042	37,339	21,960
Cost of sales
348,163	463,435	366,431	350,519	221,290	321,602	283,035	310,082	209,765	306,298	274,000	237,830	119,412	172,502	159,483	163,628	121,094	129,874	127,949	116,253	89,228	78,820	67,256	78,016	56,389	52,101	27,083	26,325	15,817
Selling expenses
32,763	37,395	33,485	33,890	26,791	29,320	27,890	29,301	22,949	28,639	26,018	24,193	16,107	18,019	17,007	17,867	14,091	13,966	14,057	13,393	11,582	10,885	9,239	9,186	7,362	6,687	3,589	3,245	2,248
General and administrative
19,923	20,822	19,140	18,980	18,438	18,809	17,794	18,302	15,440	15,286	15,431	13,680	11,265	12,003	10,715	10,488	9,952	9,210	8,902	7,943	8,205	7,187	6,115	5,337	5,105	4,526	4,052	3,267	1,759
Income from unconsolidated LGI/GTIS Joint Ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,367	1,976	652	292
Operating income
53,878	83,997	64,025	58,441	21,075	55,429	51,650	62,162	30,870	54,752	50,447	48,475	16,127	34,306	29,099	30,740	17,326	23,714	23,048	21,237	11,675	11,529	9,906	13,873	7,063	3,508	5,294	5,154	2,428
Loss on extinguishment of debt
-	-	0	-169	-	-1	-3,058	-365	-175	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	41	1	4
Other income, net
1,011	874	707	2,263	619	781	399	874	532	289	430	167	715	641	389	668	503	378	173	9	46	45	628	31	4	-32	34	-51	73
Net income before income taxes
54,889	84,871	64,732	60,535	21,694	56,209	48,991	62,671	31,227	55,041	50,877	48,642	16,842	34,947	29,488	31,408	17,829	24,092	23,221	21,246	11,721	11,574	10,534	13,904	7,067	9,917	5,287	5,102	2,497
Income tax provision
12,050	20,001	15,383	14,480	3,360	13,556	11,268	15,063	3,925	19,401	17,190	16,443	5,062	11,742	10,021	10,749	6,129	8,361	7,801	7,269	4,019	4,040	3,488	4,867	2,473	793	137	89	47
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,037	-	9,124	5,150	5,013	2,450
Loss attributable to non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7	-437	-146	0
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	9,131	5,587	5,159	2,450
Earnings per share:
Basic (in dollars per share)
1.69	2.73	2.15	2.01	0.81	1.89	1.66	2.11	1.23	1.65	1.55	1.49	0.55	1.10	0.92	1.01	0.58	0.79	0.77	0.70	0.39	0.37	0.34	0.44	0.22	-	-	-	-
Diluted (in dollars per share)
1.67	2.54	1.93	1.82	0.73	1.72	1.52	1.90	1.10	1.42	1.40	1.39	0.52	1.02	0.86	0.96	0.57	0.69	0.76	0.66	0.33	0.34	0.34	0.43	0.22	-	-	-	-
Weighted average shares outstanding:
Basic (in shares)
25,323	24,155	22,939	22,926	22,744	22,744	22,658	22,616	22,188	21,788	21,668	21,602	21,360	21,298	21,061	20,544	20,288	20,075	19,923	19,908	19,851	20,376	20,763	20,763	20,763	-	-	-	-
Diluted (in shares)
25,592	25,757	25,521	25,357	25,086	24,899	24,896	25,000	24,772	25,651	24,050	23,242	22,787	23,474	22,674	21,487	20,461	21,588	20,318	21,246	23,808	22,198	20,881	20,868	20,862	-	-	-	-