LGI Homes, Inc. (LGIH) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1450 LAKE ROBBINS DRIVE, SUITE 430 THE WOODLANDS, TX 77380 |
| 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 millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 32 | 51 | 36 | 38 | 47 | 68 | |||
| Cash and cash equivalents | 32 | 51 | 36 | 38 | 47 | 68 | |||
| Total current assets: | 32 | 51 | 36 | 38 | 47 | 68 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 5 | 5 | 5 | 5 | ✕ | ✕ | |||
| Inventory, real estate | 2,898 | 2,086 | 1,569 | 1,500 | 1,228 | 919 | |||
| Property, plant and equipment | 33 | 17 | 4 | 2 | 1 | 2 | |||
| Intangible assets, net (including goodwill), including: | 12 | 12 | 12 | 12 | 12 | 12 | |||
| Goodwill | 12 | 12 | 12 | 12 | 12 | 12 | |||
| Other undisclosed intangible assets, net (including goodwill) | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Deferred income tax assets | 6 | 6 | 7 | ✕ | ✕ | ||||
| Total noncurrent assets: | 2,954 | 2,126 | 1,597 | 1,519 | 1,242 | 933 | |||
| Other undisclosed assets | 138 | 175 | 193 | 109 | 107 | 80 | |||
| TOTAL ASSETS: | 3,125 | 2,352 | 1,826 | 1,666 | 1,395 | 1,080 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,482 | 956 | 687 | 821 | 740 | 590 | |||
| Total liabilities: | 1,482 | 956 | 687 | 821 | 740 | 590 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,642 | 1,396 | 1,139 | 845 | 656 | 490 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Treasury stock, value | (355) | (260) | (66) | (18) | (18) | (17) | |||
| Additional paid in capital | 307 | 292 | 271 | 253 | 242 | 230 | |||
| Retained earnings | 1,690 | 1,364 | 934 | 610 | 432 | 276 | |||
| Total equity: | 1,642 | 1,396 | 1,139 | 845 | 656 | 490 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,125 | 2,352 | 1,826 | 1,666 | 1,395 | 1,080 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,304 | 3,050 | 2,368 | 1,838 | 1,504 | 1,258 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,658) | (2,232) | (1,765) | (1,402) | (1,124) | (938) | ||
| Gross profit: | 647 | 818 | 603 | 436 | 380 | 320 | ||
| Operating expenses | (256) | (270) | (238) | (209) | (180) | (151) | ||
| Operating income: | 390 | 548 | 365 | 228 | 200 | 170 | ||
| Nonoperating income (Other Nonoperating income) | 28 | 9 | 3 | 4 | 3 | 2 | ||
| Interest and debt expense | (14) | (0) | (4) | |||||
| Income from continuing operations before income taxes: | 418 | 543 | 368 | 232 | 199 | 171 | ||
| Income tax expense | (92) | (113) | (44) | (53) | (44) | (58) | ||
| Income from continuing operations: | 327 | 430 | 324 | 179 | 155 | 113 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 430 | 324 | 179 | 155 | 113 | |
| Net income available to common stockholders, diluted: | 327 | 430 | 324 | 179 | 155 | 113 | ||
Comprehensive Income ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 327 | 430 | 324 | 179 | 155 | 113 | ||
| Comprehensive income, net of tax, attributable to parent: | 327 | 430 | 324 | 179 | 155 | 113 | ||
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.