New home co inc. (NWHM)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Operating activities:
Net loss

-8,001

-14,230

17,141

20,926

21,378

4,757

6,706

-1,351

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Deferred taxes

-3,566

-7,620

-1,073

-918

-1,675

-5,819

0

0

Noncash deferred tax asset charge

0

0

3,190

-

-

-

-

-

Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount

-

-

-

0

0

-

-

-

Amortization of stock-based compensation

2,260

3,090

2,803

3,471

3,884

2,322

475

475

Distributions of earnings from unconsolidated joint ventures

374

715

1,588

3,742

18,477

6,040

6,930

451

Inventory impairments

10,200

10,000

2,200

-

-

-

-

-

Excess income tax provision from stock-based compensation

-

-

-

-97

97

0

0

-

Inventory impairments

-

-

-

3,500

0

0

-

-

Project abandonment costs

94

206

383

580

635

754

875

408

Home sales impairments

-

-

-

-

-

0

-

-

Equity in net (income) loss of unconsolidated joint ventures

-3,503

-19,653

866

7,691

13,767

8,443

4,735

349

Deferred profit from unconsolidated joint ventures

0

136

821

646

-1,603

0

0

-

Depreciation and amortization

9,000

6,600

400

511

473

381

200

138

(Gain) loss on early extinguishment of debt

1,164

0

0

250

0

0

-

-

Net changes in operating assets and liabilities:
Contracts and accounts receivable

-2,283

-4,959

-4,670

-

-

-

-

-

Restricted cash

-

-

-

-

97

153

-14

67

Contracts and accounts receivable

-

-

-

3,737

10,796

5,986

1,128

5,990

Due from affiliates

-930

242

-18

344

-1,683

2,104

507

10

Real estate inventories

-123,239

157,705

114,930

71,388

65,942

114,932

21,754

1,286

Other assets

2,326

11,642

5,255

756

3,651

1,285

3,198

91

Accounts payable

-14,347

15,669

-9,546

6,171

9,790

7,893

733

7,512

Accrued expenses and other liabilities

-1,178

-9,305

7,544

2,921

8,712

4,349

3,592

1,174

Due to affiliates

-

-

-

-293

293

0

-

-

Due to affiliates

-

-

-

-

-

-

0

-

Net cash provided by (used in) operating activities

121,258

-139,685

-90,863

-42,812

-32,303

-112,226

-11,797

1,013

Investing activities:
Purchases of property and equipment

41

246

195

439

418

883

359

218

Cash assumed from joint venture at consolidation

0

0

995

2,610

0

0

-

-

Contributions and advances to unconsolidated joint ventures

8,826

15,066

27,479

15,088

15,028

34,610

22,028

10,431

Distributions of capital and repayment of advances from unconsolidated joint ventures

9,133

15,436

15,577

15,307

32,026

10,609

13,901

2,759

Interest collected on advances to unconsolidated joint ventures

0

-178

-552

0

0

-

-

-

Net cash (used in) provided by investing activities

266

302

-10,550

2,390

16,580

-24,884

-8,486

-7,890

Financing activities:
Borrowings from credit facility

50,000

150,000

88,000

-

-

-

-

-

Repayments of credit facility

117,500

82,500

206,000

-

-

-

-

-

Proceeds from senior notes

0

0

324,465

0

0

-

-

-

Net proceeds from issuance of common stock

-

-

-

-

47,253

87,800

0

0

Cash contributions from members

-

-

-

-

-

-

21,600

8,600

Cash distributions to non-controlling interest in subsidiary

-

-

-

725

2,411

52

0

0

Borrowings from credit facility

-

-

-

223,050

99,450

100,474

-

-

Repayments of credit facility

-

-

-

179,974

125,000

0

-

-

Repurchases of senior notes

15,605

0

0

-

-

-

-

-

Proceeds from issuance of unsecured notes to members

-

-

-

-

-

-

1,055

1,000

Borrowings from other notes payable

-

-

-

343

3,552

11,162

25,007

10,828

Repayments of other notes payable

0

0

-4,110

-15,636

-5,171

-15,768

-

-

Payment of debt issuance costs

0

0

7,565

1,064

0

0

-

-

Repurchases of common stock

1,042

8,563

0

0

-

11,989

0

0

Repayments of credit facility and other notes payable

-

-

-

-

-

-

23,846

12,989

Tax withholding paid on behalf of employees for stock awards

488

982

590

648

248

0

0

-

Excess income tax benefit from stock-based compensation

-

-

-

-97

97

0

0

-

Proceeds from exercise of stock options

0

0

102

0

17

0

0

-

Net cash (used in) provided by financing activities

-84,635

57,955

194,302

25,249

17,539

171,627

23,816

7,438

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

36,889

-81,428

92,889

-15,173

-

-

-

-

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

-

-

-

-

1,816

34,517

3,533

561

Interest paid, net of amounts capitalized

-

-

-

-

-

-

0

0

Income taxes paid

-

-

-

-

-

-

245

3

Purchase of real estate with note payable to land seller

-

-

-

-

-

-

0

9,500

Purchase of real estate with notes payable to affiliate

-

-

-

-

-

-

0

-

Note payable with member for equity investment

-

-

-

-

-

-

2,055

0

Distribution from unconsolidated joint ventures in lieu of cash

-

-

-

-

-

-

1,083

0

Contribution of real estate to unconsolidated joint ventures

-

-

-

-

-

-

17,052

0

Contribution of real estate from noncontrolling interest in subsidiary

-

-

-

-

-

-

1,172

0

Deductible transaction costs and additional contribution of deferred tax assets from IPO

-

-

-

-

-

-

0

0