Hovnanian Enterprises Inc. (HOV) Financial Statements (2024 and earlier)

Company Profile

Business Address 90 MATAWAN ROAD, 5TH FLOOR
MATAWAN, NJ 07747
State of Incorp. DE
Fiscal Year End October 31
Industry (SIC) 1531 - Operative Builders (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

4/30/2024
MRQ
1/31/2024
MRQ
10/31/2023
10/31/2022
10/31/2021
10/31/2020
10/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1311131616143
Cash and cash equivalents1311131616143
Total current assets:1311131616143
Noncurrent Assets
Operating lease, right-of-use asset24     
Inventory, real estate545260586771
Property, plant and equipment  3426191820
Long-term investments and receivables  987561103127
Long-term investments  987561103127
Deferred income tax assets295303345426  
Total noncurrent assets:373487505563188218
Other undisclosed assets1,9551,9952,0431,7411,6231,520
TOTAL ASSETS:2,3402,4932,5622,3211,8271,881
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,7331,9112,1792,1452,2632,371
Total liabilities:1,7331,9112,1792,1452,2632,371
Equity
Equity, attributable to parent, including:607582383175(437)(490)
Preferred stock135135135135135135
Treasury stock, value(132)(132)(128)(115)(115)(115)
Additional paid in capital740736728722718716
Accumulated deficit(136)(157)(352)(567)(1,175)(1,226)
Other undisclosed equity, attributable to parent000000
Equity, attributable to noncontrolling interest  00011
Total equity:607582383175(436)(490)
TOTAL LIABILITIES AND EQUITY:2,3402,4932,5622,3211,8271,881

Income Statement (P&L) ($ in millions)

4/30/2024
TTM
1/31/2024
TTM
10/31/2023
10/31/2022
10/31/2021
10/31/2020
10/31/2019
Revenues2,8352,7562,9222,7832,3442,017
Cost of revenue(2,591)(2,518)(2,625)(0)(2,290)(0)
Provision for loan, lease, and other losses    (0)(0)(0)
Gross profit:2442382982,783542,017
Operating expenses     (28) 
Other operating income (expense), net(1)   (1) 
Operating income:2432382982,783242,017
Interest and debt expense(24)(26)(7)(4)(165)(42)
Income (loss) from continuing operations before equity method investments, income taxes:2192132912,779(140)1,974
Income from equity method investments51432991729
Other undisclosed income (loss) from continuing operations before income taxes1  (2,598)179(2,043)
Income (loss) from continuing operations before income taxes:27025632019055(40)
Income tax expense (benefit)(59)(50)(94)418(4)(2)
Income (loss) from continuing operations:21120622560851(42)
Income (loss) before gain (loss) on sale of properties:22560851(42)
Net income (loss) attributable to parent:21120622560851(42)
Undistributed earnings (loss) allocated to participating securities, basic(15)(16)(20)(58)(5) 
Other undisclosed net loss available to common stockholders, basic(11)(11)(11)   
Net income (loss) available to common stockholders, basic:18517919555046(42)
Other undisclosed net loss available to common stockholders, diluted(0)(0)(0)(1)  
Net income (loss) available to common stockholders, diluted:18517919554946(42)

Comprehensive Income ($ in millions)

4/30/2024
TTM
1/31/2024
TTM
10/31/2023
10/31/2022
10/31/2021
10/31/2020
10/31/2019
Net income (loss):21120622560851(42)
Comprehensive income (loss), net of tax, attributable to parent:21120622560851(42)

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.

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