New home co inc. (NWHM)
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'13
Operating activities:
Net loss

-8,476

-2,999

-4,606

1,591

-1,987

-16,150

2,456

115

-651

10,470

4,318

1,517

836

13,774

5,577

2,444

-869

12,213

4,345

275

4,545

5,530

-1,264

-1,079

1,570

3,789

2,103

625

187

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

914

-3,566

0

0

0

-6,139

0

0

-1,481

-1,019

0

0

-54

-2,099

1,208

0

-27

2,764

1,402

0

-5,841

-4,432

55

0

-1,442

0

0

0

0

Amortization of stock-based compensation

589

599

572

523

566

764

622

862

842

717

780

695

611

869

860

757

985

1,159

1,490

981

254

515

559

569

678

118

118

118

118

Tax valuation adjustment from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Distributions of earnings from unconsolidated joint ventures

0

55

40

19

260

0

0

0

715

0

0

0

1,588

1,811

836

1,095

0

7,963

3,062

4,750

2,702

5,256

413

-704

1,074

4,559

1,388

647

333

Excess income tax provision from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-97

-

-

-

-

-

-

-

-

-

-

-

-

Inventory impairments

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Project abandonment costs

14,000

65

10

14

5

125

38

8

35

145

32

172

34

82

169

180

149

84

108

328

115

592

62

13

86

385

166

163

159

Home sales impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Equity in net (income) loss of unconsolidated joint ventures

-1,937

-3,809

-63

185

184

-19,902

34

-120

335

260

99

201

306

3,263

488

3,947

-7

4,587

4,056

3,256

1,868

7,448

50

171

773

3,045

1,037

380

271

Deferred profit from unconsolidated joint ventures

-

-

-

-

-

0

0

0

136

261

63

349

148

105

209

20

312

-155

-13

-457

-978

-

-

-

-

-

-

-

-

Deferred profit from unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Depreciation and amortization

1,845

1,992

1,966

2,386

2,656

2,103

1,851

1,624

1,022

56

108

113

123

130

130

126

125

124

117

119

113

136

106

76

62

55

54

48

40

(Gain) loss on early extinguishment of debt

-123

195

0

552

417

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-345

-

-

-

-1,806

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

93

34

-138

243

2

-10

-138

-759

-2,641

2,958

595

-4

-518

535

-26

Contracts and accounts receivable

-

-

-

-

-

-

-

2,970

-5,824

-

-3,875

-7,422

-2,151

6,454

6,447

-3,289

-5,875

12,876

3,936

-9,588

3,572

3,538

2,237

-5,288

5,499

2,702

1,004

-1,326

-1,252

Due from affiliates

-130

-140

185

-451

-524

-5

1,035

-303

-485

486

-1,175

1,470

-799

435

-3

-35

-53

190

299

-667

-1,505

2,155

179

-460

229

-59

204

412

-51

Real estate inventories

-27,130

-60,286

-37,983

-15,294

-9,676

19,073

85,524

15,579

37,529

-64,677

105,200

38,330

36,077

-88,390

-4,686

65,752

98,712

-34,867

-2,941

92,535

11,215

49,807

31,191

20,701

13,232

4,220

4,943

11,955

634

Other assets

11,804

-64

150

-103

2,343

3,318

2,229

6,182

-87

1,489

866

-769

3,669

-4,138

-938

2,216

3,616

4,701

3,026

1,480

-5,556

1,132

2,010

210

-2,067

583

-59

1,923

750

Accounts payable

-4,006

1,485

-3,070

5,991

-18,753

710

9,703

-4,611

9,867

-12,405

1,699

-3,828

4,988

-5,756

8,190

-1,733

5,470

2,125

3,571

548

3,546

-2,104

5,999

-3,267

7,265

1,669

1,069

-280

-1,725

Accrued expenses and other liabilities

-5,462

-2,194

-86

5,143

-4,041

4,731

181

-5,758

-8,459

13,801

5,331

-609

-10,979

9,351

3,281

1,012

-10,723

11,918

1,498

-174

-4,530

7,955

-111

702

-4,196

2,003

215

1,790

-416

Due to affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-54

-209

-30

293

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

17,301

62,667

39,699

31,124

-12,232

-3,717

-74,458

-32,068

-29,442

69,829

-88,784

-32,101

-39,807

103,882

19,005

-64,933

-100,766

50,661

7,202

-80,636

-9,530

-49,873

-27,207

-21,980

-13,164

2,094

-1,496

-10,765

-1,629

Investing activities:
Purchases of property and equipment

125

15

18

3

5

31

31

112

72

50

50

45

50

60

83

122

174

129

51

83

155

37

148

481

216

62

61

88

146

Contributions and advances to unconsolidated joint ventures

2,057

3,743

963

2,785

1,335

2,396

3,716

4,681

4,273

6,183

12,779

4,721

3,796

7,381

2,051

1,329

4,327

7,061

3,255

2,581

2,131

9,965

11,243

10,645

2,756

4,843

1,121

104

15,958

Distributions of capital and repayment of advances from unconsolidated joint ventures

1,100

2,260

1,945

2,366

2,562

1,120

8,442

3,610

2,264

1,927

10,702

2,924

24

1,330

6,572

3,874

3,531

6,344

876

18,314

6,492

7,536

665

1,804

602

4,921

3,839

417

4,722

Interest collected on advances to unconsolidated joint ventures

-

-

-

-

-

0

0

-49

-129

-84

-468

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-1,082

-1,498

964

-422

1,222

-1,307

4,695

-1,134

-1,952

-4,222

-1,659

-847

-3,822

-5,510

4,438

4,432

-970

-846

-2,430

15,650

4,206

-2,466

-10,725

-9,322

-2,369

15

2,656

224

-11,382

Financing activities:
Borrowings from credit facility

0

-

-

-

30,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of credit facility

0

-

-

-

13,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from senior notes

-

-

-

-

-

-

-

-

-

0

0

77,063

247,402

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-0

0

87,800

0

0

0

0

Cash contributions from members

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

10,000

11,600

Borrowings from credit facility

-

-

-

-

-

-

-

35,000

0

-

0

0

72,000

30,050

18,000

60,000

115,000

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of credit facility

-

-

-

-

-

-

-

0

0

-

0

0

190,000

141,974

27,000

11,000

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of senior notes

4,827

4,749

0

6,344

4,512

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings from other notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4

339

3,552

-1,799

-19,878

21,677

-79,787

45,621

42,577

2,750

11,123

7,139

3,176

3,567

Repayments of other notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-814

-14,822

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

-

-

-

-

-

-

-

-

-

183

942

473

5,967

0

0

1,064

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

2,233

0

0

0

1,042

2,799

3,692

2,072

0

-

-

-

-

-

-

-

-

-

-

-

-

1

-0

0

11,988

0

0

0

0

Repayments of credit facility and other notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,623

-

0

28,202

3,332

10,215

6,433

4,146

3,050

Tax withholding paid on behalf of employees for stock awards

303

0

0

0

488

0

5

23

954

0

6

19

565

1

0

17

630

0

248

0

0

-

-

-

-

-

-

-

-

Excess income tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-97

-

-

-

-

-

-

-

-

-

-

-

-

Tax valuation adjustment from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-7,363

-22,749

-48,000

-24,344

10,458

2,701

23,303

32,905

-954

-4,293

-948

76,673

122,870

-111,925

-9,000

46,384

99,790

-39,314

-6,057

49,856

13,054

36,453

45,569

14,375

75,229

2,962

-894

9,629

12,117

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

8,856

38,420

-7,337

6,358

-552

-2,323

-46,460

-297

-32,348

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

79,241

-

14,443

-14,117

-1,946

10,501

-1,285

-15,130

7,730

-15,886

7,636

-16,928

59,695

5,073

266

-911

-894

Interest paid, net of amounts capitalized

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,220

0

250

28

-28

145

100

Purchase of real estate with note payable to land seller

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

17,000

-

-

-

-

Purchase of real estate with notes payable to affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Purchase of real estate with note payable to land seller

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Contribution of real estate from noncontrolling interest in subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

751

0

0

-

-

-

-