Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of LGI Homes.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.20B | $2.36B | $2.30B | $3.05B | $2.37B | $1.84B | $1.50B | $1.26B | $838.32M | $630.24M |
| Cost of Revenue | $1.67B | $1.82B | $1.66B | $2.23B | $1.76B | $1.40B | $1.12B | $937.54M | $616.71M | $463.30M |
| Gross Profit | $533.29M | $542.19M | $646.60M | $818.03M | $603.10M | $436.48M | $379.92M | $320.42M | $221.61M | $166.93M |
| Gross Profit Ratio | 24.21% | 23.00% | 28.06% | 26.80% | 25.47% | 23.75% | 25.25% | 25.47% | 26.44% | 26.49% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $121.19M | $117.35M | $111.56M | $100.33M | $90.02M | $77.38M | $70.34M | $55.66M | $43.16M | $34.26M |
| Selling and Marketing Expenses | $199.95M | $191.58M | $144.93M | $170.00M | $148.37M | $131.56M | $109.46M | $94.96M | $66.98M | $53.00M |
| Selling General and Administrative Expenses | $321.14M | $308.93M | $256.49M | $270.34M | $238.39M | $208.94M | $179.81M | $150.62M | $110.14M | $87.26M |
| Other Expenses | $- | $- | $28.01M | $9.05M | $3.14M | $4.46M | $2.59M | $1.60M | $2.20M | $606.00K |
| Operating Expenses | $321.14M | $308.93M | $256.49M | $270.34M | $238.39M | $208.94M | $179.81M | $150.62M | $110.14M | $87.26M |
| Cost and Expenses | $1.99B | $2.13B | $1.91B | $2.50B | $2.00B | $1.61B | $1.30B | $1.09B | $726.85M | $550.56M |
| Interest Income | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $- | $87.60M | $- | $28.36M | $37.28M | $45.55M | $- | $- | $- | $- |
| Depreciation and Amortization | $- | $2.41M | $1.58M | $1.15M | $710.00K | $643.00K | $711.00K | $791.00K | $1.09M | $883.00K |
| EBITDA | $212.15M | $235.66M | $391.68M | $548.85M | $370.29M | $231.50M | $202.23M | $170.84M | $113.05M | $82.69M |
| EBITDA Ratio | 9.63% | 9.99% | 16.93% | 18.41% | 15.40% | 12.39% | 13.54% | 13.50% | 13.30% | 12.64% |
| Operating Income | $212.15M | $233.25M | $390.11M | $547.70M | $364.71M | $227.54M | $200.11M | $169.80M | $111.47M | $79.67M |
| Operating Income Ratio | 9.63% | 9.89% | 16.93% | 17.96% | 15.40% | 12.38% | 13.30% | 13.50% | 13.30% | 12.64% |
| Total Other Income Expenses Net | $46.77M | $28.50M | $28.01M | $-4.92M | $3.14M | $4.29M | $-1.01M | $1.60M | $2.20M | $606.00K |
| Income Before Tax | $258.91M | $261.75M | $418.12M | $542.77M | $367.85M | $231.83M | $199.10M | $171.40M | $113.67M | $80.28M |
| Income Before Tax Ratio | 11.75% | 11.10% | 18.14% | 17.80% | 15.53% | 12.61% | 13.23% | 13.63% | 13.56% | 12.74% |
| Income Tax Expense | $62.84M | $62.53M | $91.55M | $113.13M | $43.95M | $53.22M | $43.81M | $58.10M | $38.64M | $27.45M |
| Net Income | $196.07M | $199.23M | $326.57M | $429.64M | $323.89M | $178.61M | $155.29M | $113.31M | $75.03M | $52.83M |
| Net Income Ratio | 8.90% | 8.45% | 14.17% | 14.09% | 13.68% | 9.72% | 10.32% | 9.01% | 8.95% | 8.38% |
| EPS | $8.33 | $8.48 | $13.90 | $17.46 | $12.89 | $7.70 | $6.24 | $5.24 | $3.61 | $2.65 |
| EPS Diluted | $8.30 | $8.42 | $13.76 | $17.25 | $12.76 | $7.02 | $6.24 | $4.73 | $3.41 | $2.44 |
| Weighted Average Shares Outstanding | 23.53M | 23.51M | 23.49M | 24.61M | 25.14M | 23.19M | 24.89M | 21.60M | 20.80M | 19.94M |
| Weighted Average Shares Outstanding Diluted | 23.61M | 23.65M | 23.73M | 24.91M | 25.38M | 25.43M | 24.89M | 23.93M | 22.02M | 21.74M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $53.20M | $48.98M | $32.00M | $50.51M | $35.94M | $38.34M | $46.62M | $67.57M | $49.52M | $37.57M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $53.20M | $48.98M | $32.00M | $50.51M | $35.94M | $38.34M | $46.62M | $67.57M | $49.52M | $37.57M |
| Net Receivables | $28.72M | $41.32M | $25.14M | $57.91M | $115.94M | $56.39M | $42.84M | $44.71M | $17.05M | $17.32M |
| Inventory | $3.39B | $3.11B | $2.90B | $2.09B | $1.57B | $1.50B | $1.23B | $918.93M | $717.68M | $531.23M |
| Other Current Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Current Assets | $3.47B | $3.20B | $2.96B | $2.19B | $1.72B | $1.59B | $1.32B | $1.03B | $784.25M | $586.12M |
| Property Plant Equipment Net | $57.04M | $45.52M | $33.00M | $16.94M | $3.62M | $1.63M | $1.43M | $1.67M | $1.96M | $2.11M |
| Goodwill | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.00M |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $234.00K |
| Goodwill and Intangible Assets | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.23M |
| Long Term Investments | $-210.44M | $30.35M | $11.20M | $40.70M | $37.21M | $37.24M | $45.75M | $18.87M | $-3.45M | $-2.58M |
| Tax Assets | $9.27M | $8.16M | $6.19M | $6.20M | $6.99M | $4.62M | $2.79M | $1.93M | $3.45M | $2.58M |
| Other Non-Current Assets | $- | $113.85M | $106.99M | $81.68M | $44.88M | $16.24M | $15.77M | $14.20M | $16.28M | $21.87M |
| Total Non-Current Assets | $78.33M | $209.91M | $169.39M | $157.54M | $104.72M | $71.76M | $77.76M | $48.68M | $30.26M | $36.21M |
| Other Assets | $210.44M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $3.76B | $3.41B | $3.12B | $2.35B | $1.83B | $1.67B | $1.40B | $1.08B | $814.51M | $622.33M |
| Account Payables | $33.27M | $31.62M | $25.29M | $14.17M | $13.68M | $12.49M | $9.24M | $12.02M | $12.28M | $24.02M |
| Short Term Debt | $- | $1.53M | $- | $5.33M | $296.68M | $- | $- | $- | $- | $- |
| Tax Payables | $43.08M | $14.69M | $47.04M | $11.60M | $26.18M | $28.68M | $10.77M | $48.73M | $5.04M | $6.21M |
| Deferred Revenue | $- | $- | $- | $-1.42M | $- | $- | $-68.25M | $- | $- | $- |
| Other Current Liabilities | $-43.08M | $187.64M | $-47.04M | $50.75M | $-187.85M | $343.26M | $326.59M | $14.12M | $41.35M | $-6.21M |
| Total Current Liabilities | $33.27M | $235.48M | $365.42M | $150.78M | $148.68M | $130.36M | $85.80M | $114.85M | $58.67M | $64.03M |
| Long Term Debt | $1.48B | $1.25B | $1.12B | $805.24M | $543.68M | $696.20M | $653.73M | $475.19M | $400.48M | $304.56M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $-21.26M | $-22.44M |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $164.00K | $2.73M |
| Other Non-Current Liabilities | $207.32M | $64.59M | $-5.18M | $79.48M | $-5.29M | $112.22M | $- | $35.09M | $- | $43.64M |
| Total Non-Current Liabilities | $1.69B | $1.32B | $1.12B | $805.24M | $538.40M | $690.56M | $653.73M | $475.19M | $400.65M | $310.92M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.72B | $1.55B | $1.48B | $956.02M | $687.08M | $820.92M | $739.53M | $590.05M | $459.31M | $374.94M |
| Preferred Stock | $- | $- | $- | $- | $- | $1 | $- | $- | $- | $- |
| Common Stock | $276.00K | $275.00K | $272.00K | $269.00K | $267.00K | $264.00K | $237.00K | $228.00K | $223.00K | $213.00K |
| Retained Earnings | $2.09B | $1.89B | $1.69B | $1.36B | $934.28M | $610.38M | $431.77M | $276.49M | $163.18M | $88.15M |
| Accumulated Other Comprehensive Income Loss | $- | $0 | $0 | $-0 | $0 | $0 | $-3.46M | $-3.15M | $-2.42M | $-1.55M |
| Other Total Stockholders Equity | $-48.84M | $-33.96M | $-48.35M | $31.66M | $204.46M | $234.55M | $223.93M | $213.13M | $191.80M | $159.03M |
| Total Stockholders Equity | $2.04B | $1.86B | $1.64B | $1.40B | $1.14B | $845.19M | $655.94M | $489.85M | $355.20M | $247.39M |
| Total Equity | $2.04B | $1.86B | $1.64B | $1.40B | $1.14B | $845.19M | $655.94M | $489.85M | $355.20M | $247.39M |
| Total Liabilities and Stockholders Equity | $3.76B | $3.41B | $3.12B | $2.35B | $1.83B | $1.67B | $1.40B | $1.08B | $814.51M | $622.33M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $3.76B | $3.41B | $3.12B | $2.35B | $1.83B | $1.67B | $1.40B | $1.08B | $814.51M | $622.33M |
| Total Investments | $-210.44M | $30.35M | $11.20M | $40.70M | $37.21M | $37.24M | $45.75M | $18.87M | $-3.45M | $-2.58M |
| Total Debt | $1.48B | $1.36B | $1.26B | $805.24M | $538.40M | $690.56M | $653.73M | $475.19M | $400.48M | $308.19M |
| Net Debt | $1.43B | $1.31B | $1.23B | $754.72M | $502.46M | $652.21M | $607.11M | $407.62M | $350.96M | $270.62M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $196.07M | $199.23M | $326.57M | $429.64M | $323.89M | $178.61M | $155.29M | $113.31M | $75.03M | $52.83M |
| Depreciation and Amortization | $3.11M | $2.41M | $1.58M | $1.15M | $710.00K | $643.00K | $711.00K | $791.00K | $1.09M | $883.00K |
| Deferred Income Tax | $-1.11M | $-1.98M | $12.00K | $788.00K | $-2.37M | $-1.83M | $-724.00K | $-2.09M | $-2.56M | $42.00K |
| Stock Based Compensation | $10.48M | $8.93M | $9.19M | $13.60M | $13.52M | $7.54M | $5.94M | $4.19M | $3.40M | $2.28M |
| Change in Working Capital | $-339.35M | $-265.91M | $-697.62M | $-436.74M | $-133.59M | $-227.10M | $-281.53M | $-184.67M | $-185.00M | $-145.14M |
| Accounts Receivables | $12.60M | $-16.18M | $32.77M | $58.03M | $-59.55M | $-13.55M | $1.87M | $-27.65M | $270.00K | $-9.96M |
| Inventory | $-365.89M | $-255.52M | $-823.92M | $-463.64M | $-70.23M | $-266.65M | $-234.66M | $-200.61M | $-183.88M | $-151.71M |
| Accounts Payables | $1.66M | $6.33M | $11.12M | $-760.00K | $1.18M | $3.25M | $-2.78M | $-257.00K | $-11.75M | $9.63M |
| Other Working Capital | $12.28M | $-545.00K | $82.42M | $-30.37M | $-5.00M | $49.85M | $-45.95M | $43.84M | $10.36M | $6.89M |
| Other Non Cash Items | $-12.94M | $357.00K | $-10.18M | $13.26M | $-4.00K | $206.00K | $3.59M | $13.00K | $-137.00K | $-47.00K |
| Net Cash Provided by Operating Activities | $-143.74M | $-56.97M | $-370.45M | $21.70M | $202.16M | $-41.93M | $-116.72M | $-68.47M | $-108.18M | $-89.16M |
| Investments in Property Plant and Equipment | $-1.95M | $-1.44M | $-1.19M | $-1.73M | $-2.69M | $-734.00K | $-475.00K | $-518.00K | $-722.00K | $-1.12M |
| Acquisitions Net | $- | $- | $-4.78M | $-68.66M | $-2.96M | $-1.06M | $-74.46M | $- | $- | $- |
| Purchases of Investments | $- | $- | $-5.02M | $-1.69M | $-2.96M | $-1.06M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $9.80M | $70.35M | $5.91M | $2.12M | $- | $- | $- | $- |
| Other Investing Activities | $17.57M | $-12.21M | $-4.78M | $-68.66M | $-2.96M | $-1.06M | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $15.62M | $-13.65M | $-5.97M | $-70.39M | $-5.65M | $-1.79M | $-74.94M | $-518.00K | $-722.00K | $-1.12M |
| Debt Repayment | $164.46M | $96.66M | $451.62M | $270.82M | $-152.94M | $35.55M | $176.48M | $75.00M | $95.00M | $90.60M |
| Common Stock Issued | $4.83M | $5.26M | $5.62M | $7.11M | $4.26M | $2.89M | $2.69M | $17.13M | $29.45M | $9.59M |
| Common Stock Repurchased | $-30.97M | $- | $-95.10M | $-193.78M | $-48.08M | $- | $-1.51M | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-5.98M | $-14.32M | $-4.24M | $-20.89M | $-2.15M | $-2.98M | $-6.95M | $12.04M | $25.86M | $-3.72M |
| Net Cash Used Provided by Financing Activities | $132.34M | $87.60M | $357.90M | $63.26M | $-198.91M | $35.45M | $170.71M | $87.04M | $120.86M | $96.47M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $4.22M | $16.98M | $-18.52M | $14.57M | $-2.40M | $-8.28M | $-20.95M | $18.05M | $11.95M | $6.20M |
| Cash at End of Period | $53.20M | $48.98M | $32.00M | $50.51M | $35.94M | $38.34M | $46.62M | $67.57M | $49.52M | $37.57M |
| Cash at Beginning of Period | $48.98M | $32.00M | $50.51M | $35.94M | $38.34M | $46.62M | $67.57M | $49.52M | $37.57M | $31.37M |
| Operating Cash Flow | $-143.74M | $-56.97M | $-370.45M | $21.70M | $202.16M | $-41.93M | $-116.72M | $-68.47M | $-108.18M | $-89.16M |
| Capital Expenditure | $-1.95M | $-1.44M | $-1.19M | $-1.73M | $-2.69M | $-734.00K | $-475.00K | $-518.00K | $-722.00K | $-1.12M |
| Free Cash Flow | $-145.69M | $-58.41M | $-371.64M | $19.97M | $199.47M | $-42.67M | $-117.20M | $-68.98M | $-108.91M | $-90.27M |