M/i homes, inc. (MHO)
Balance Sheet / 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'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS:
Cash, cash equivalents and restricted cash

21,184

6,083

33,451

20,393

41,931

21,529

36,360

67,817

53,577

151,703

103,636

29,940

38,898

34,441

-

-

-

13,101

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans held for sale

156,208

155,244

128,322

123,909

119,665

169,651

115,189

108,000

110,612

171,580

91,987

91,986

113,596

154,020

95,545

100,379

94,438

127,001

77,550

75,063

79,180

92,794

76,983

64,782

55,750

81,810

60,388

51,491

57,721

71,121

58,338

49,779

45,345

57,275

36,666

35,725

43,312

Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,310

27,672

31,755

-

25,055

21,773

29,958

15,535

17,168

33,643

89,360

128,725

142,475

166,252

263,057

145,498

159,765

44,297

66,978

59,793

46,829

44,900

81,208

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

998

2,328

2,566

-

3,071

5,174

6,140

6,951

8,898

10,076

11,551

13,902

15,806

12,478

9,494

8,680

8,980

12,593

13,733

41,334

46,218

68,902

41,923

Inventory

1,822,531

1,769,507

1,827,068

1,763,479

1,730,788

1,674,460

1,751,525

1,652,468

1,580,344

1,414,574

1,455,809

1,379,544

1,286,618

1,215,934

1,225,153

1,170,325

1,153,537

1,112,042

1,133,414

1,040,944

959,070

918,589

893,964

816,140

723,627

690,934

676,336

614,999

577,640

556,817

543,871

521,956

490,058

466,772

491,361

462,796

450,936

Property and equipment - net

21,046

22,118

27,621

28,094

28,392

29,395

28,691

28,885

25,872

26,816

25,320

22,255

22,338

22,299

21,792

22,154

22,740

12,897

11,841

11,819

11,081

11,490

11,430

11,283

10,506

10,536

10,346

10,267

9,994

10,439

11,956

12,902

13,531

14,358

14,741

15,461

16,554

Investment in joint venture arrangements

40,306

37,885

47,557

41,344

40,736

35,870

24,568

13,753

22,066

20,525

22,981

22,877

24,218

28,016

26,528

28,160

25,693

36,967

33,282

28,357

29,449

27,769

40,769

42,182

44,847

35,266

34,088

28,648

22,275

11,732

11,256

10,904

10,716

10,357

10,256

10,026

10,589

Operating lease right-of-use assets

20,075

18,415

19,100

19,400

20,603

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax asset

9,540

9,631

11,988

12,594

13,146

13,482

16,925

17,528

18,104

18,438

29,569

30,078

30,449

30,875

39,944

47,023

55,860

67,404

70,943

81,054

88,748

94,412

102,882

109,558

111,214

110,911

112,682

-

-

0

-

-

-

-

-

-

-

Goodwill

16,400

16,400

16,400

16,400

16,400

16,400

16,400

16,400

16,400

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

91,673

70,311

70,137

63,596

60,117

60,794

68,677

65,689

67,398

61,135

55,393

54,706

56,148

62,926

64,967

55,113

50,123

46,142

50,846

50,805

47,138

37,699

41,060

39,042

38,048

38,092

30,946

34,131

28,471

27,013

23,126

18,329

17,372

14,596

15,654

15,473

17,372

Total assets

2,198,963

2,105,594

2,181,603

2,089,206

2,071,778

2,021,581

2,058,335

1,970,540

1,894,373

1,864,771

1,784,695

1,631,386

1,572,265

1,548,511

1,497,237

1,453,154

1,436,712

1,415,554

1,406,002

1,314,989

1,250,764

1,205,239

1,193,154

1,126,706

1,084,903

1,110,176

1,083,067

918,266

968,652

831,300

817,292

670,760

657,733

664,485

661,725

653,283

661,894

LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES:
Accounts payable

150,256

125,026

169,528

154,070

132,935

131,511

148,421

141,491

118,839

117,233

120,598

113,072

94,403

103,212

110,179

105,669

81,594

86,878

95,950

90,643

69,452

75,338

97,873

87,325

71,376

70,226

85,804

61,888

57,071

47,690

65,348

51,307

41,068

41,256

45,842

43,191

29,030

Customer deposits

45,099

34,462

36,250

38,048

36,336

32,055

40,448

41,510

37,454

26,378

30,583

29,655

26,680

22,156

26,439

27,415

23,467

19,567

18,976

18,438

15,352

11,759

14,202

15,019

12,984

11,262

14,918

15,472

12,246

10,239

10,976

10,508

8,334

4,181

5,377

4,974

3,017

Operating lease liabilities

20,075

18,415

19,059

19,397

20,603

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

117,942

147,937

131,434

120,813

109,169

150,051

116,651

117,022

102,758

131,534

108,870

106,637

97,576

123,162

99,969

85,449

74,345

93,670

83,940

67,194

66,816

79,723

74,203

59,416

59,057

71,341

62,310

49,130

47,760

49,972

52,257

37,854

42,540

39,348

47,237

40,689

42,116

Community development district obligations

12,914

13,531

14,328

10,866

11,728

12,392

16,101

11,789

12,499

13,049

5,298

5,875

6,277

476

551

722

832

1,018

1,159

1,496

2,314

2,571

3,056

1,884

2,060

3,130

3,419

3,870

4,266

4,634

4,988

5,326

5,610

5,983

6,348

6,639

7,112

Preferred shares subject to redemption

-

-

-

-

-

-

-

-

-

-

50,420

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,352

-

-

-

-

-

-

-

-

Obligation for consolidated inventory not owned

14,284

7,934

6,687

13,109

15,920

19,308

21,897

14,794

18,199

21,545

22,203

12,263

11,968

7,528

5,862

5,169

4,921

6,007

11,418

14,115

299

608

1,700

1,268

1,627

1,775

1,576

1,881

16,994

19,105

6,552

6,040

2,587

2,944

4,600

1,015

468

Notes payable bank - homebuilding operations

6,900

66,000

189,900

174,300

218,800

117,400

222,700

181,800

162,300

0

0

138,000

110,900

40,300

85,000

70,000

114,500

43,800

156,100

105,600

90,000

30,000

14,400

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Notes payable bank - financial service operations

145,055

136,904

108,594

104,003

104,026

153,168

104,026

93,163

102,711

168,195

91,275

89,518

106,937

152,895

91,483

92,666

87,186

123,648

73,239

69,681

71,723

85,400

73,778

61,914

51,532

80,029

55,614

50,442

53,126

67,957

54,840

46,343

41,580

52,606

31,658

32,133

32,197

Notes payable - other

7,546

5,828

5,508

5,092

5,937

5,938

8,838

9,362

10,011

10,576

4,057

3,663

7,022

6,415

8,566

8,552

8,805

8,441

9,363

8,230

8,876

9,518

8,530

7,717

7,757

7,790

8,126

9,429

10,316

11,105

10,769

10,766

5,881

5,801

5,857

5,801

5,853

Convertible senior subordinated notes due 2017 - net

-

-

-

-

-

-

-

-

-

-

0

57,380

57,237

57,093

56,949

56,806

56,662

56,518

57,500

57,500

57,500

55,943

57,500

57,500

-

57,500

-

57,500

57,500

-

57,500

-

-

0

-

-

-

Convertible senior subordinated notes due 2018 - net

-

-

-

-

-

-

0

0

0

86,132

85,955

85,777

85,600

85,423

85,246

85,069

84,891

84,714

86,250

86,250

86,250

84,006

86,250

86,250

-

86,250

-

86,250

86,250

-

-

-

-

-

-

-

-

Senior notes due 2021 - net

0

298,988

298,712

298,436

298,160

297,884

297,608

297,332

297,056

296,780

296,505

296,229

295,953

295,677

295,401

295,125

294,904

294,727

228,769

228,669

228,569

226,099

228,369

228,269

-

228,070

-

227,870

227,770

227,670

227,570

227,470

239,118

239,016

238,914

238,813

238,610

Senior notes due 2025 - net

247,222

247,092

246,962

246,832

246,702

246,571

246,441

246,311

246,181

246,051

245,958

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior notes due 2028 - net

393,989

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL LIABILITIES

1,161,282

1,102,117

1,226,962

1,184,966

1,200,316

1,166,278

1,223,131

1,154,574

1,108,008

1,117,473

1,061,722

938,069

900,553

894,337

865,645

832,642

832,107

818,988

822,664

747,816

697,151

660,944

659,861

606,562

578,312

617,373

603,487

563,732

623,651

495,872

490,800

395,614

386,718

391,135

385,833

373,255

358,403

Commitments and contingencies (Note 6)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

SHAREHOLDERS' EQUITY:
Preferred shares - $.01 par value; authorized 2,000,000 shares; 2,000 shares both issued and outstanding at December 31, 2016

-

-

-

-

-

-

-

-

-

-

0

48,163

48,163

48,163

48,163

48,163

48,163

48,163

48,163

48,163

48,163

48,163

48,163

48,163

48,163

48,163

48,163

48,163

48,163

96,325

96,325

96,325

96,325

96,325

96,325

96,325

96,325

Common shares - $.01 par value; authorized 58,000,000 shares at both March 31, 2020 and December 31, 2019; issued 30,137,141 shares at both March 31, 2020 and December 31, 2019

301

301

301

301

301

301

301

301

301

295

295

271

271

271

271

271

271

271

271

271

271

271

271

271

271

271

271

271

271

246

246

221

221

221

221

221

221

Additional paid-in capital

332,490

332,861

331,128

330,052

328,580

330,517

328,511

327,470

325,780

306,483

304,715

245,775

246,092

246,549

243,481

242,125

240,977

241,239

240,071

240,159

239,421

238,560

238,095

237,345

236,270

236,060

235,880

234,926

235,109

180,289

181,324

139,271

139,475

139,943

139,509

139,405

140,418

Retained earnings

740,325

708,579

666,799

628,961

598,715

580,992

548,585

519,303

491,392

473,329

457,447

438,595

422,825

407,161

387,818

378,094

363,397

355,427

343,371

329,019

316,888

308,539

298,772

286,373

274,038

262,625

249,582

125,490

119,445

117,048

112,033

103,719

100,515

103,701

106,677

111,395

137,578

Treasury shares - at cost - 1,613,812 and 1,750,685 shares at March 31, 2020 and December 31, 2019, respectively

35,435

38,264

43,587

55,074

56,134

56,507

42,193

31,108

31,108

32,809

39,484

39,487

45,639

47,970

48,141

48,141

48,203

48,534

48,538

50,439

51,130

51,238

52,008

52,008

52,151

54,316

54,316

54,316

57,987

58,480

63,436

64,390

65,521

66,840

66,840

67,318

71,051

TOTAL SHAREHOLDERS' EQUITY

1,037,681

1,003,477

954,641

904,240

871,462

855,303

835,204

815,966

786,365

747,298

722,973

693,317

671,712

654,174

631,592

620,512

604,605

596,566

583,338

567,173

553,613

544,295

533,293

520,144

506,591

492,803

479,580

354,534

345,001

335,428

326,492

275,146

271,015

273,350

275,892

280,028

303,491

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

2,198,963

2,105,594

2,181,603

2,089,206

2,071,778

2,021,581

2,058,335

1,970,540

1,894,373

1,864,771

1,784,695

1,631,386

1,572,265

1,548,511

1,497,237

1,453,154

1,436,712

1,415,554

1,406,002

1,314,989

1,250,764

1,205,239

1,193,154

1,126,706

1,084,903

1,110,176

1,083,067

918,266

968,652

831,300

817,292

670,760

657,733

664,485

661,725

653,283

661,894