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

-14,490

-8,001

-21,152

-14,090

-15,566

-14,230

12,390

14,252

15,654

17,141

20,445

21,704

22,631

20,926

19,365

18,133

15,964

21,378

14,695

9,085

7,731

4,757

3,016

6,384

8,089

6,706

0

0

0

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

-2,652

-3,566

-6,139

-6,139

-6,139

-7,620

-2,500

-2,500

-2,500

-1,073

-2,153

-945

-945

-918

3,945

4,139

4,139

-1,675

-8,871

-10,217

-10,217

-5,819

-1,387

-1,442

-1,442

0

0

0

0

Amortization of stock-based compensation

2,283

2,260

2,425

2,475

2,814

3,090

3,043

3,201

3,034

2,803

2,955

3,035

3,097

3,471

3,761

4,391

4,615

3,884

3,240

2,309

1,897

2,322

1,925

1,485

1,034

475

0

0

0

Tax valuation adjustment from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Distributions of earnings from unconsolidated joint ventures

114

374

319

279

260

715

715

715

715

1,588

3,399

4,235

5,330

3,742

9,894

12,120

15,775

18,477

15,770

13,121

7,667

6,040

5,343

6,318

7,671

6,930

0

0

0

Excess income tax provision from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-97

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Inventory impairments

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Project abandonment costs

14,089

94

154

182

176

206

226

220

384

383

320

457

465

580

582

521

669

635

1,143

1,097

782

754

547

651

801

875

0

0

0

Home sales impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Equity in net (income) loss of unconsolidated joint ventures

-5,624

-3,503

-19,596

-19,499

-19,804

-19,653

509

574

895

866

3,869

4,258

8,004

7,691

9,015

12,583

11,892

13,767

16,628

12,622

9,537

8,443

4,040

5,027

5,236

4,735

0

0

0

Deferred profit from unconsolidated joint ventures

-

-

-

-

-

136

397

460

809

821

665

811

482

646

386

164

-313

-1,603

0

0

0

-

-

-

-

-

-

-

-

Deferred profit from unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Depreciation and amortization

8,189

9,000

9,111

8,996

8,234

6,600

4,553

2,810

1,299

400

474

496

509

511

505

492

485

473

485

474

431

381

300

248

221

200

0

0

0

(Gain) loss on early extinguishment of debt

624

1,164

969

969

417

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

232

141

97

97

-905

-3,548

-580

153

907

3,030

607

-14

0

0

0

Contracts and accounts receivable

-

-

-

-

-

-

-

0

-8,343

-

-6,994

3,328

7,461

3,737

10,159

7,648

1,349

10,796

1,458

-240

4,058

5,986

5,150

3,916

7,879

1,128

0

0

0

Due from affiliates

-536

-930

-795

55

203

242

733

-1,477

296

-18

-69

1,103

-402

344

99

401

-231

-1,683

282

162

369

2,104

-110

-84

787

507

0

0

0

Real estate inventories

-140,693

-123,239

-43,880

79,627

110,500

157,705

73,955

93,631

116,382

114,930

91,217

-18,669

8,753

71,388

124,911

126,656

153,439

65,942

150,616

184,748

112,914

114,932

69,345

43,097

34,351

21,754

0

0

0

Other assets

11,787

2,326

5,708

7,787

14,072

11,642

9,813

8,450

1,499

5,255

-372

-2,176

809

756

9,595

13,559

12,823

3,651

82

-933

-2,203

1,285

736

-1,333

379

3,198

0

0

0

Accounts payable

400

-14,347

-15,122

-2,349

-12,951

15,669

2,554

-5,450

-4,667

-9,546

-2,897

3,594

5,689

6,171

14,052

9,433

11,714

9,790

5,561

7,989

4,173

7,893

11,666

6,736

9,723

733

0

0

0

Accrued expenses and other liabilities

-2,599

-1,178

5,747

6,014

-4,887

-9,305

-235

4,915

10,064

7,544

3,094

1,044

2,665

2,921

5,488

3,705

2,519

8,712

4,749

3,139

4,015

4,349

-1,602

-1,275

-187

3,592

0

0

0

Due to affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-293

0

54

263

293

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

150,791

121,258

54,874

-59,283

-122,475

-139,685

-66,139

-80,465

-80,498

-90,863

-56,810

50,979

18,147

-42,812

-96,033

-107,836

-123,539

-32,303

-132,837

-167,246

-108,591

-112,226

-60,258

-34,547

-23,332

-11,797

0

0

0

Investing activities:
Purchases of property and equipment

161

41

57

70

179

246

265

284

217

195

205

238

315

439

508

476

437

418

326

423

821

883

908

820

428

359

0

0

0

Contributions and advances to unconsolidated joint ventures

9,548

8,826

7,479

10,232

12,128

15,066

18,853

27,916

27,956

27,479

28,677

17,949

14,557

15,088

14,768

15,972

17,224

15,028

17,932

25,920

33,984

34,610

29,488

19,367

8,825

22,028

0

0

0

Distributions of capital and repayment of advances from unconsolidated joint ventures

7,671

9,133

7,993

14,490

15,734

15,436

16,243

18,503

17,817

15,577

14,980

10,850

11,800

15,307

20,321

14,625

29,065

32,026

33,218

33,007

16,498

10,609

7,994

11,168

9,780

13,901

0

0

0

Interest collected on advances to unconsolidated joint ventures

-

-

-

-

-

-178

-262

-730

-681

-552

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-2,038

266

457

4,188

3,476

302

-2,613

-8,967

-8,680

-10,550

-11,838

-5,741

-462

2,390

7,054

186

11,404

16,580

14,960

6,664

-18,308

-24,884

-22,402

-9,019

526

-8,486

0

0

0

Financing activities:
Borrowings from credit facility

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of credit facility

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from senior notes

-

-

-

-

-

-

-

-

-

324,465

324,465

324,465

247,402

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

87,800

87,800

87,800

87,800

0

0

0

0

Cash contributions from members

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,600

0

0

0

Borrowings from credit facility

-

-

-

-

-

-

-

0

16,000

-

102,050

120,050

180,050

223,050

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of credit facility

-

-

-

-

-

-

-

0

16,000

-

331,974

358,974

369,974

179,974

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of senior notes

15,920

15,605

10,856

10,856

4,512

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings from other notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

343

3,895

2,096

-17,786

3,552

-79,787

-32,366

30,088

11,162

102,072

63,590

24,190

25,007

0

0

0

Repayments of other notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,636

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

-

-

-

-

-

-

-

-

-

7,565

7,382

6,440

7,031

1,064

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

2,233

1,042

3,841

7,533

9,605

8,563

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

11,989

11,988

11,988

11,988

0

0

0

0

Repayments of credit facility and other notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

41,750

48,183

24,128

23,846

0

0

0

Tax withholding paid on behalf of employees for stock awards

303

488

488

493

516

982

982

983

979

590

591

585

583

648

647

895

878

248

0

0

0

-

-

-

-

-

-

-

-

Excess income tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-97

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Tax valuation adjustment from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-102,456

-84,635

-59,185

12,118

69,367

57,955

50,961

26,710

70,478

194,302

86,670

78,618

48,329

25,249

97,860

100,803

104,275

17,539

93,306

144,932

109,451

171,627

138,136

91,673

86,928

23,816

0

0

0

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

46,297

36,889

-3,854

-42,977

-49,632

-81,428

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

65,809

-

8,881

-6,847

-7,860

1,816

-24,571

-15,649

-17,448

34,517

55,476

48,106

64,122

3,533

0

0

0

Interest paid, net of amounts capitalized

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,498

249

395

245

0

0

0

Purchase of real estate with note payable to land seller

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-