Landsea Homes Corp (LSEAW) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1717 MCKINNEY AVENUE DALLAS, TX 75202 |
| State of Incorp. | |
| 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)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 119,555 | 123,634 | 342,810 | 69 | 161 | 197 | |||
| Cash and cash equivalent | 119,555 | 123,634 | 342,810 | 69 | 161 | 197 | |||
| Prepaid expense | 645 | 2 | 304 | 43 | |||||
| Total current assets: | 119,555 | 123,634 | 343,455 | 71 | 465 | 240 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 11,869 | 15,589 | 12,593 | ✕ | |||||
| Inventory, real estate | 1,121,726 | 1,093,369 | 844,792 | ||||||
| Property, plant and equipment | (15,800) | (11,500) | (11,800) | ||||||
| Long-term investments and receivables | 19 | 41 | 470 | ||||||
| Long-term investments | 19 | 41 | 470 | ||||||
| Intangible assets, net (including goodwill) | 68,639 | 68,683 | 25,367 | ||||||
| Goodwill | 68,639 | 68,639 | 24,457 | ||||||
| Intangible assets, net (excluding goodwill) | 44 | 910 | |||||||
| Asset, held-in-trust | 109,742 | 162,020 | 159,718 | ||||||
| Deferred income tax assets | 18,486 | 13,569 | 7,270 | ✕ | |||||
| Total noncurrent assets: | 1,204,939 | 1,179,751 | 878,692 | 109,742 | 162,020 | 159,718 | |||
| Other undisclosed assets | 146,738 | 137,111 | 43,367 | ||||||
| TOTAL ASSETS: | 1,471,232 | 1,440,496 | 1,265,514 | 109,813 | 162,485 | 159,958 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,962 | 152 | 115 | ||||||
| Accounts payable | 1,962 | 122 | 108 | ||||||
| Accrued liabilities | 31 | 7 | |||||||
| Debt | 2,500 | ||||||||
| Due to related parties | ✕ | ✕ | 750 | ||||||
| Other undisclosed current liabilities | 40 | 40 | 200 | ||||||
| Total current liabilities: | 4,502 | 942 | 315 | ||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 45,483 | ||||||||
| Accounts payable and accrued liabilities | 45,483 | ||||||||
| Other undisclosed noncurrent liabilities | 5,434 | 5,562 | 5,434 | ||||||
| Total noncurrent liabilities: | 50,917 | 5,562 | 5,434 | ||||||
| Other undisclosed liabilities | 782,880 | 730,177 | 644,117 | ||||||
| Total liabilities: | 782,880 | 730,177 | 644,117 | 55,419 | 6,504 | 5,749 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 652,878 | 655,950 | 620,147 | 54,394 | 5,000 | 5,000 | |||
| Common stock | 4 | 4 | 5 | ||||||
| Additional paid in capital | 465,290 | 497,598 | 535,345 | 89,019 | 2,757 | 4,529 | |||
| Retained earnings (accumulated deficit) | 187,584 | 158,348 | 84,797 | (34,627) | 2,242 | 470 | |||
| Other undisclosed equity, attributable to parent | 1 | 0 | 0 | ||||||
| Equity, attributable to noncontrolling interest | 35,474 | 54,369 | 1,250 | ||||||
| Other undisclosed equity | 150,981 | 149,210 | |||||||
| Total equity: | 688,352 | 710,319 | 621,397 | 54,394 | 155,981 | 154,210 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,471,232 | 1,440,496 | 1,265,514 | 109,813 | 162,485 | 159,958 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,209,947 | 1,446,449 | 1,023,304 | 694 | 3,474 | 1,689 | ||
| Net investment income | 694 | 3,474 | 1,689 | |||||
| Cost of revenue | (994,973) | (1,159,525) | (840,706) | |||||
| Cost of product and service sold | (4,700) | |||||||
| Gross profit: | 214,974 | 286,924 | 182,598 | 694 | 3,474 | 1,689 | ||
| Operating expenses | (174,690) | (178,630) | (123,106) | (2,470) | (826) | (586) | ||
| Other undisclosed operating loss | (894) | (3,674) | (1,888) | |||||
| Operating income (loss): | 40,284 | 108,294 | 59,492 | (2,670) | (1,026) | (785) | ||
| Nonoperating income (expense) | 4,261 | (7,378) | 5,976 | |||||
| Investment income, nonoperating | (7,315) | 2,090 | ||||||
| Other nonoperating income (expense) | 4,261 | (63) | 3,886 | |||||
| Interest and debt expense | (36,300) | (2,496) | 4,266 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 8,245 | 98,420 | 69,734 | (2,670) | (1,026) | (785) | ||
| Income from equity method investments | 149 | 1,262 | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 36,300 | 2,496 | (4,266) | (33,845) | 3,474 | 1,689 | ||
| Income (loss) from continuing operations before income taxes: | 44,545 | 101,065 | 66,730 | (36,515) | 2,448 | 904 | ||
| Income tax expense | (11,895) | (25,400) | (13,995) | (120) | (676) | (311) | ||
| Income (loss) from continuing operations: | 32,650 | 75,665 | 52,735 | (36,636) | 1,772 | 593 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 52,735 | (36,636) | 1,772 | 593 | |
| Net income (loss): | 32,650 | 75,665 | 52,735 | (36,636) | 1,772 | 593 | ||
| Net income (loss) attributable to noncontrolling interest | (3,414) | (2,114) | 51 | |||||
| Net income (loss) attributable to parent: | 29,236 | 73,551 | 52,786 | (36,636) | 1,772 | 593 | ||
| Other undisclosed net loss available to common stockholders, basic | (1,706) | (1,161) | ||||||
| Net income (loss) available to common stockholders, diluted: | 29,236 | 71,845 | 51,625 | (36,636) | 1,772 | 593 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 32,650 | 75,665 | 52,735 | (36,636) | 1,772 | 593 | ||
| Comprehensive income (loss): | 32,650 | 75,665 | 52,735 | (36,636) | 1,772 | 593 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (3,414) | (2,114) | 51 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 29,236 | 73,551 | 52,786 | (36,636) | 1,772 | 593 | ||
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.