Dream Finders Homes Inc. (DFH) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
14701 PHILIPS HIGHWAY JACKSONVILLE, FL 32256 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1531 - Operative Builders (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 494,145 | 330,129 | 292,510 | 266,569 | 364,531 | 123,692 | |||
| Cash and cash equivalents | 494,145 | 330,129 | 292,510 | 266,569 | 364,531 | 123,692 | |||
| Total current assets: | 494,145 | 330,129 | 292,510 | 266,569 | 364,531 | 123,692 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 20,280 | 21,676 | 21,624 | 23,199 | 24,084 | 24,069 | |||
| Inventory, real estate | 1,440,249 | 1,473,917 | 1,417,258 | 1,434,860 | 1,378,185 | 1,512,830 | |||
| Property, plant and equipment | 7,043 | 7,523 | 7,948 | 7,564 | 7,337 | 7,582 | |||
| Long-term investments and receivables | 15,364 | 14,297 | 13,948 | 13,495 | 14,008 | 11,440 | |||
| Long-term investments | 15,364 | 14,297 | 13,948 | 13,495 | 14,008 | 11,440 | |||
| Intangible assets, net (including goodwill) | 172,207 | 172,207 | 172,207 | 172,207 | 177,206 | 178,266 | |||
| Goodwill | 172,207 | 172,207 | 172,207 | 172,207 | 172,207 | 172,207 | |||
| Intangible assets, net (excluding goodwill) | 4,999 | 6,059 | |||||||
| Deferred income tax assets | 4,526 | 6,099 | |||||||
| Total noncurrent assets: | 1,655,143 | 1,689,620 | 1,632,985 | 1,651,325 | 1,605,346 | 1,740,286 | |||
| Other undisclosed assets | 413,151 | 364,299 | 362,732 | 390,903 | 401,260 | 423,284 | |||
| TOTAL ASSETS: | 2,562,439 | 2,384,048 | 2,288,227 | 2,308,797 | 2,371,137 | 2,287,262 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Deferred revenue | 1,200 | 2,200 | |||||||
| Debt | 530,384 | 555,512 | 875,672 | 915,992 | 966,248 | 975,000 | |||
| Total current liabilities: | 531,584 | 555,512 | 875,672 | 915,992 | 968,448 | 975,000 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 11,895 | ||||||||
| Deferred income tax liabilities | 11,895 | ||||||||
| Total noncurrent liabilities: | 11,895 | ||||||||
| Other undisclosed liabilities | 932,810 | 842,464 | 493,076 | 542,330 | 601,996 | 595,890 | |||
| Total liabilities: | 1,476,289 | 1,397,976 | 1,368,748 | 1,458,322 | 1,570,444 | 1,570,890 | |||
| Temporary equity, carrying amount | 148,500 | 148,500 | 156,479 | 156,259 | 156,045 | 155,830 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 923,653 | 821,266 | 747,568 | 678,679 | 630,751 | 546,109 | |||
| Additional paid in capital | 275,241 | 271,429 | 270,905 | 267,185 | 264,757 | 262,783 | |||
| Retained earnings | 648,412 | 549,837 | 476,663 | 411,494 | 365,994 | 283,326 | |||
| Other undisclosed equity, attributable to parent | |||||||||
| Equity, attributable to noncontrolling interest | |||||||||
| Other undisclosed equity | 13,997 | 16,306 | 15,432 | 15,537 | 13,897 | 14,433 | |||
| Total equity: | 937,650 | 837,572 | 763,000 | 694,216 | 644,648 | 560,542 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,562,439 | 2,384,048 | 2,288,227 | 2,308,797 | 2,371,137 | 2,287,262 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,137,997 | 895,830 | 945,339 | 769,420 | 1,099,466 | 785,669 | ||
| Cost of revenue | (902,328) | (709,286) | (762,855) | (637,344) | (909,393) | (638,456) | ||
| Gross profit: | 235,669 | 186,544 | 182,484 | 132,076 | 190,073 | 147,213 | ||
| Operating expenses | (94,362) | (79,963) | (73,709) | (60,761) | (74,476) | (68,839) | ||
| Other operating income, net | 2,251 | 1,646 | 635 | 430 | 148 | 1,124 | ||
| Operating income: | 143,558 | 108,227 | 109,410 | 71,745 | 115,745 | 79,498 | ||
| Interest and debt expense | (1) | (5) | ||||||
| Income from continuing operations before equity method investments, income taxes: | 143,558 | 108,227 | 109,410 | 71,745 | 115,744 | 79,493 | ||
| Income from equity method investments | 5,856 | 4,557 | 4,704 | 2,958 | 4,691 | 5,137 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (13,982) | (9,026) | (18,266) | (5,316) | 822 | (2,641) | ||
| Income from continuing operations before income taxes: | 135,432 | 103,758 | 95,848 | 69,387 | 121,257 | 81,989 | ||
| Income tax expense | (30,483) | (24,158) | (24,206) | (17,636) | (31,283) | (10,371) | ||
| Income from continuing operations: | 104,949 | 79,600 | 71,642 | 51,751 | 89,974 | 71,618 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 71,618 | |
| Net income: | 104,949 | 79,600 | 71,642 | 51,751 | 89,974 | 71,618 | ||
| Net loss attributable to noncontrolling interest | (2,999) | (3,503) | (2,878) | (2,662) | (3,642) | (1,977) | ||
| Net income attributable to parent: | 101,950 | 76,097 | 68,764 | 49,089 | 86,332 | 69,641 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (3,375) | (2,923) | (3,595) | (3,589) | (3,665) | (3,660) | ||
| Net income available to common stockholders, diluted: | 98,575 | 73,174 | 65,169 | 45,500 | 82,667 | 65,981 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 104,949 | 79,600 | 71,642 | 51,751 | 89,974 | 71,618 | ||
| Comprehensive income: | 104,949 | 79,600 | 71,642 | 51,751 | 89,974 | 71,618 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (2,999) | (3,503) | (2,878) | (2,662) | (3,642) | (1,977) | ||
| Comprehensive income, net of tax, attributable to parent: | 101,950 | 76,097 | 68,764 | 49,089 | 86,332 | 69,641 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.