Meritage Homes Corp MTH Income Statement

Meritage homes corp (MTH)

Income statement / TTM

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	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Real estate impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	2	2	0	0	0
Land impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-
Earnings from financial services unconsolidated entities and other, net
10	11	14	16	15	16	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commissions and other sales costs
255	246	244	241	241	241	236	232	226	221	218	215	217	215	208	204	192	188	184	176	167	156	143	136	131	126	117	109	101	94	88	82	78	74	73	75	0	0	0
General and administrative expenses
146	146	143	141	141	138	134	129	125	124	122	124	123	123	118	114	112	112	115	115	112	104	100	95	93	91	84	79	73	68	68	65	63	64	62	62	0	0	0
(Loss)/earnings from other unconsolidated entities, net
-	-	-	-	-	-	-	-	-	-	-	4	4	-	0	0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-4	-3	-1	-0	5	5	0	0	0
Interest expense
4	8	8	7	4	0	0	1	3	3	3	2	2	5	9	13	16	15	12	8	5	5	6	9	12	15	18	20	22	24	26	28	29	30	31	32	0	0	0
Other income, net
9	9	7	7	6	11	13	12	12	8	6	6	5	4	5	0	-1	-0	-3	2	6	6	7	6	2	2	2	-5	-5	-6	-8	0	1	2	3	2	0	0	0
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	-3	-3	-6	-5	-5	-5	0	-	0	0	-	0	0
Earnings before income taxes
357	302	284	263	266	283	275	267	259	247	239	230	225	218	217	210	193	189	179	180	193	208	207	217	200	177	135	85	49	28	-6	-16	-18	-20	-8	-0	0	0	0
Provision for income taxes
62	53	62	57	57	55	88	91	96	104	80	76	73	68	67	66	59	60	54	52	60	66	68	72	63	53	-38	-56	-72	-76	-4	-4	0	0	0	0	0	0	0
Net earnings
295	249	221	205	208	227	187	175	163	143	159	153	152	149	150	144	133	128	125	127	133	142	139	144	137	124	173	142	121	105	-1	-11	-19	-21	-8	-0	0	0	0
Earnings per common share:
Basic (in dollars per share)
1.87	2.74	1.82	1.33	0.66	1.93	1.34	1.32	1.08	0.88	1.06	1.03	0.59	1.29	0.92	1.00	0.53	1.34	0.76	0.73	0.42	1.26	0.83	0.90	0.66	1.28	1.05	0.78	0.34	2.81	0.19	0.24	-0.15	-	-0.10	0.02	-	0.04	0.13
Diluted (in dollars per share)
1.83	2.67	1.79	1.31	0.65	1.87	1.33	1.31	1.07	0.85	1.02	0.98	0.56	1.22	0.88	0.95	0.50	1.26	0.73	0.70	0.40	1.20	0.79	0.85	0.62	1.20	0.99	0.74	0.32	2.72	0.19	0.24	-0.15	-	-0.10	0.02	-	0.04	0.13
Weighted average number of shares:
Basic (in shares)
38	37	38	38	38	39	40	40	40	40	40	40	40	40	40	40	39	39	39	39	39	39	39	39	38	36	36	36	35	35	35	32	32	-	32	32	-	32	0
Diluted (in shares)
38	38	39	38	38	39	40	41	41	41	42	42	42	42	42	42	42	42	42	42	41	41	41	41	41	39	38	38	38	39	35	33	32	-	32	32	-	32	0
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.21	-	-
Real Estate [Member]
Revenue
3,843	3,650	3,522	3,466	3,479	3,513	3,451	3,372	3,296	3,226	3,161	3,108	3,104	3,029	2,930	2,847	2,647	2,568	2,485	2,372	2,280	2,169	2,006	1,942	1,886	1,814	1,643	1,493	1,325	1,193	1,075	949	888	861	849	922	0	0	0
Cost of closings
3,101	2,970	2,873	2,844	2,856	2,884	2,839	2,774	2,716	2,660	2,608	2,568	2,567	2,498	2,404	2,327	2,150	2,079	2,008	1,910	1,823	1,717	1,570	1,503	1,463	1,418	1,301	1,202	1,078	975	892	792	742	720	698	757	0	0	0
Gross profit
741	679	648	621	622	629	611	597	579	566	552	539	537	531	525	520	496	488	476	461	456	452	435	438	423	396	341	290	247	218	182	157	145	141	150	165	0	0	0
Home Building [Member]
Revenue
3,796	3,604	3,496	3,435	3,444	3,474	3,402	3,329	3,254	3,186	3,139	3,070	3,068	3,003	2,888	2,814	2,609	2,531	2,458	2,342	2,253	2,142	1,987	1,925	1,858	1,783	1,614	1,465	1,311	1,184	1,065	948	887	860	848	922	0	0	0
Cost of closings
3,053	2,923	2,845	2,811	2,820	2,842	2,791	2,731	2,675	2,624	2,588	2,534	2,535	2,474	2,370	2,301	2,120	2,049	1,983	1,881	1,797	1,688	1,550	1,488	1,438	1,391	1,276	1,176	1,063	966	870	776	727	704	695	755	0	0	0
Gross profit
742	680	651	623	624	631	610	597	579	562	550	535	532	528	518	513	489	481	475	460	456	453	437	436	420	391	337	288	247	217	188	164	152	147	150	165	0	0	0
Land [Member]
Revenue
46	45	25	30	34	38	49	42	41	39	21	37	35	25	41	32	37	36	26	30	26	27	19	17	28	31	29	27	14	9	9	1	0	0	0	0	0	0	0
Cost of closings
47	46	27	32	35	41	48	42	41	35	19	33	31	23	34	25	30	29	25	29	26	28	20	15	24	26	24	25	14	9	8	1	0	0	0	0	0	0	0
Gross profit
-1	-1	-2	-2	-1	-2	0	-0	0	4	2	4	4	2	7	6	7	6	1	0	0	-1	-1	1	3	4	4	2	0	0	-6	-6	-6	-6	-0	0	0	0	0
Financial Service [Member]
Revenue
17	16	16	15	15	15	14	14	14	14	13	13	12	12	12	12	11	11	11	11	10	10	9	8	7	6	4	3	1	0	0	0	0	-	-	-	-	-	-
Expense
7	6	6	6	6	6	6	6	6	6	5	5	5	5	5	5	5	5	5	5	5	4	4	4	3	3	2	2	1	0	0	0	0	-	-	-	-	-	-
Gross profit
18	20	24	24	24	24	22	22	21	22	21	21	22	21	21	21	19	19	18	17	16	16	15	15	15	15	15	13	11	10	0	0	0	-	-	-	-	-	-
Earnings from financial services unconsolidated entities and other, net
8	10	14	15	15	15	14	13	13	13	13	14	14	14	14	14	13	13	12	11	11	10	10	11	12	13	13	12	11	10	0	0	0	-	-	-	-	-	-
Real Estate And Other [Member]
Earnings from financial services unconsolidated entities and other, net
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-