Mdc holdings inc (MDC)
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'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Operating Activities:
Net income

36,760

92,589

50,580

54,593

40,550

54,725

53,392

63,899

38,764

24,552

61,163

33,871

22,249

40,376

26,359

26,913

9,563

22,595

14,778

19,998

8,420

14,639

15,458

21,542

11,504

30,709

36,251

224,909

22,516

29,670

20,126

10,638

2,265

-18,821

-31,710

-27,980

-19,879

-29,974

-10,239

-3,684

-20,873

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Losses on early extinguishments of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,741

0

0

-9,412

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

4,440

7,838

9,795

4,132

4,251

5,517

2,425

4,824

1,251

2,757

1,062

1,443

595

841

473

3,176

2,987

3,477

3,998

1,716

875

1,224

2,204

1,258

1,292

1,412

3,026

1,838

3,376

3,597

4,907

5,110

2,611

3,340

5,412

3,559

3,121

5,089

4,219

4,146

4,056

Depreciation and amortization

5,152

7,576

5,537

5,063

4,878

5,920

5,454

5,316

4,636

1,116

1,501

1,376

1,328

1,430

1,335

1,294

1,073

985

992

1,009

1,083

1,000

995

999

934

904

888

994

1,078

1,058

1,052

1,349

1,307

1,658

1,496

1,627

1,590

1,875

1,311

1,308

1,265

Inventory impairments

0

325

0

0

610

10,002

11,098

200

550

620

4,540

0

4,850

3,873

4,700

1,600

0

5,292

4,351

0

350

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other-than-temporary impairment of marketable securities

-

-

-

-

-

-

-

-

-

75

29

81

101

398

326

288

431

1,793

2,176

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (gain) loss on marketable equity securities

-13,268

3,863

767

2,327

4,840

-3,129

3,004

1,278

-1,153

0

16,364

1,197

561

163

649

1,177

-915

-785

-588

473

-11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-offs of land option deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

229

82

-

-

-

-

-

-

-

-

Amortization of deferred marketing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,394

3,861

1,667

Inventory impairments and write-offs of land option deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,244

1,061

-

921

490

383

Amortization of discount / premiums on marketable debt securities

-

-

-

-

-

0

0

-184

-182

-

-

-

-

-

-

-

-

0

0

41

59

65

79

512

-90

-597

-607

804

619

317

430

1

-152

-333

692

476

436

-

-

-

-

Deferred income tax expense

1,131

4,182

1,729

5,063

2,696

-363

535

3,134

423

21,992

12,762

6,813

3,220

4,788

3,484

6,085

1,788

8,551

8,515

11,554

4,713

5,863

8,809

12,451

7,103

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sale of assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-175

Other non-cash items

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,358

-144

466

Net changes in assets and liabilities:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

675

597

-401

-1,050

-144

684

1,444

-218

846

683

-690

9

-493

153

667

-225

-176

1,180

413

-15

78

185

-1

-84

-209

119

118

Trade and other receivables

1,611

8,315

4,646

-13,735

13,771

-2,411

4,732

-944

3,261

13,882

5,300

1,907

-7,326

-1,255

-4,556

10,984

15,251

-5,822

283

-5,849

6,141

817

-2,588

-302

8,711

-5,785

-6,967

4,596

3,970

-7,462

-4,660

7,283

11,062

4,036

2,821

-19,717

782

-150,390

-26,252

29,656

5,952

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-2,512

-141,991

Mortgage loans held-for-sale, net

-63,100

80,001

7,683

-1,473

-38,401

34,375

7,651

-5,973

-24,956

48,310

-5,479

-2,090

-41,401

20,785

-710

36,506

-33,477

47,037

-11,095

15,020

-23,684

30,260

-245

-6,423

-27,778

18,238

-18,123

6,034

-33,524

33,305

20,961

10,697

-23,345

36,034

3,101

1,503

-27,417

16,953

-63,904

75,361

-25,611

Prepaid and other assets

8,460

805

-317

5,291

-1,085

-12,083

7,220

5,497

-389

1,892

3,627

5,195

2,407

-3,537

1,598

3,886

-911

-424

4,954

3,607

-489

-2,211

4,469

2,734

6,881

-471

6,149

1,414

6,470

-4,941

4,509

-562

-3,394

-19,945

1,406

2,220

-844

-6,796

7,221

7,279

7,350

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,289

-1,813

5,935

-11,845

-15,752

-1,118

-11,967

27,768

Housing completed or under construction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,618

26,972

-

-35,657

16,635

-139,282

Land and land under development

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-35,115

-73,507

-

2,640

-92,351

-13,318

Accounts payable and accrued liabilities

-1,131

42,276

24,475

2,607

-3,153

23,258

10,232

9,070

6,765

6,975

6,500

774

8,071

3,722

-1,334

23,751

-4,234

12,257

-1,304

16,263

-19,681

-16,945

-11,165

30,468

-18,371

11,108

-158

21,678

-52,036

-14,241

4,400

20,958

-11,315

-23,693

-8,033

-11,729

-13,130

-18,130

-11,347

1,334

-4,973

Net cash provided by (used in) operating activities

-37,173

90,951

-88,783

1,317

54,348

51,340

-3,058

5,298

-61,486

-3,603

-48,027

27,799

94,337

124,848

13,183

-7,101

-14,985

26,701

-70,995

29,083

15,426

9,609

-76,984

17,976

-114,248

-43,689

-79,617

-90,825

-55,418

-58,364

-34,865

3,223

-18,813

459

-11,486

-11,556

-57,701

-71,490

41,343

-190,450

11,516

Investing Activities:
Purchases of available-for-sale debt securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

101,973

Purchases of marketable securities

9,782

1,368

5,224

331

4,785

1,667

2,524

5,898

8,761

49,635

5,561

6,682

5,361

19,778

12,846

9,944

5,482

6,936

12,207

14,195

20,484

18,863

27,567

25,992

356,287

35,078

57,792

161,284

150,811

81,534

104,379

107,178

185,610

42,344

30,201

182,997

75,426

137,906

74,175

268,836

453,323

Purchases of held-to-maturity debt securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,000

-

-

-

-

Maturities of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,510

2,250

5,300

26,065

133,724

-

-

-

-

-

-

-

-

38,980

2,071

305,000

146,000

8,523

41,232

39,625

48,662

Sales of marketable securities

9,276

1,360

1,220

320

4,737

2,920

850

3,760

8,700

0

71,865

6,467

4,983

61,736

-50,765

30,165

20,600

6,255

44,731

37,203

12,976

315,391

65,532

27,319

279,450

29,673

50,016

92,399

44,668

64,882

59,355

43,680

182,021

26,606

118,755

54,727

74,950

82,541

56,543

15,503

5,294

Purchases of property and equipment

6,512

4,586

6,268

7,474

6,386

7,267

6,848

6,735

6,316

622

553

242

1,122

603

748

1,173

1,944

661

409

81

340

1,323

565

809

545

507

280

72

926

310

290

304

364

140

2,422

28,812

483

498

2,579

2,967

2,105

Settlement of unsettled trades

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,678

Net cash used in investing activities

-7,018

-4,594

-10,272

-7,485

-6,434

-6,014

-8,522

41,127

-6,377

-50,257

110,004

-457

-1,500

-15,518

-7,486

19,048

13,174

-1,342

32,115

22,927

-6,338

297,455

42,700

26,583

56,342

21,188

37,421

18,058

-107,069

-14,712

-45,314

42,198

-3,953

23,102

88,203

187,918

105,041

-47,340

21,021

-116,380

-501,767

Financing Activities:
Payments on mortgage repurchase facility, net

-40,872

59,145

7,432

-1,817

-31,959

26,031

9,965

-9,307

-22,214

47,237

-4,024

-1,415

-43,943

22,474

-1,286

33,076

-28,390

44,856

-6,245

9,963

-20,785

29,040

-416

-7,142

-23,734

-

-

-

-

58,873

47,120

36,784

53,625

34,918

9,339

21,681

25,434

21,809

85,672

16,351

29,119

Repayment of senior notes

250,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

258,532

0

0

259,118

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of senior notes

298,050

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

248,375

0

0

99,125

247,813

-

-

-

-

-

-

-

-

0

0

0

242,288

Advances on revolving credit facility, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-34,859

88,312

61,348

43,604

30,763

72,912

11,059

23,933

6,736

36,088

31,522

76,942

4,718

Dividend payments

20,768

18,780

18,701

18,521

17,115

16,985

16,940

16,928

16,865

13,104

12,984

12,912

12,897

12,325

12,259

12,252

12,252

12,222

12,221

12,212

12,213

12,204

12,204

12,205

12,207

-

-

-

12,207

60,869

12,056

11,996

11,994

11,872

11,868

11,868

11,824

11,785

11,785

11,786

11,784

Issuance of shares under stock-based compensation programs, net

8,194

-

-

-

7,087

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

5,553

282

-

1,199

5,697

1,607

-

0

0

0

-

-

-

-

312

-8

0

71

0

0

0

5,118

-

-

-

-

-

-

-

-

0

0

18

35

Net cash used in financing activities

-5,396

39,402

-12,293

-10,097

-41,987

6,021

-2,951

-20,682

-38,797

181,559

-18,439

-8,630

-55,233

10,149

-13,545

20,824

-40,642

32,634

-18,413

-1,637

-32,998

-236,358

-12,628

-9,347

-46,613

24,553

-9,936

106,505

218,072

-30,626

17,852

-5,036

-34,856

-247,701

-265,051

-9,570

-30,522

2,494

-65,935

48,823

206,138

Net increase (decrease) in cash, cash equivalents and restricted cash

-49,587

125,759

-111,348

-16,265

5,927

51,347

-14,531

25,743

-106,660

127,699

43,538

18,712

37,604

119,479

-7,848

32,771

-42,453

57,993

-57,293

50,373

-23,910

70,706

-46,912

35,212

-104,519

2,052

-52,132

33,738

55,585

-103,702

-62,327

40,385

-57,622

-224,140

-188,334

166,792

16,818

-116,336

-3,571

-258,007

-284,113

Homebuilding Segment [Member]
Inventory impairments

0

325

0

0

610

10,002

11,098

200

550

620

4,540

0

4,850

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Housing Completed or Under Construction [Member]
Housing completed or under construction and land under development

178,873

-168,265

133,221

120,665

-2,137

-119,575

-1,919

68,198

65,378

-32,449

62,290

18,841

20,866

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Land and Land Under Development [Member]
Housing completed or under construction and land under development

-29,051

139,116

34,899

-42,934

18,496

154,287

65,506

12,905

71,552

30,055

17,635

-8,491

-29,030

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-