Landsea Homes Corporation (LSEA) Financial Statements (2024 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)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments123,634342,81069161197
Cash and cash equivalents123,634342,81069161197
Prepaid expense  645230443
Total current assets:123,634343,45571465240
Noncurrent Assets
Operating lease, right-of-use asset15,58912,593  
Inventory, real estate1,093,369844,792   
Property, plant and equipment(11,500)(11,800)   
Long-term investments and receivables41470   
Long-term investments41470   
Intangible assets, net (including goodwill)68,68325,367   
Goodwill68,63924,457   
Intangible assets, net (excluding goodwill) 44910   
Asset, held-in-trust   109,742162,020159,718
Deferred income tax assets13,5697,270  
Total noncurrent assets:1,179,751878,692109,742162,020159,718
Other undisclosed assets137,11143,367   
TOTAL ASSETS:1,440,4961,265,514109,813162,485159,958
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   1,962152115
Accounts payable   1,962122108
Accrued liabilities    317
Debt   2,500  
Due to related parties   750 
Other undisclosed current liabilities   4040200
Total current liabilities:   4,502942315
Noncurrent Liabilities
Liabilities, other than long-term debt   45,483  
Accounts payable and accrued liabilities   45,483  
Other undisclosed noncurrent liabilities   5,4345,5625,434
Total noncurrent liabilities:   50,9175,5625,434
Other undisclosed liabilities730,177644,117   
Total liabilities:730,177644,11755,4196,5045,749
Equity
Equity, attributable to parent, including:655,950620,14754,3945,0005,000
Common stock45   
Additional paid in capital497,598535,34589,0192,7574,529
Retained earnings (accumulated deficit)158,34884,797(34,627)2,242470
Other undisclosed equity, attributable to parent   100
Equity, attributable to noncontrolling interest54,3691,250   
Other undisclosed equity    150,981149,210
Total equity:710,319621,39754,394155,981154,210
TOTAL LIABILITIES AND EQUITY:1,440,4961,265,514109,813162,485159,958

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,446,4491,023,3046943,4741,689
Net investment income   6943,4741,689
Cost of revenue(1,159,525)(840,706)   
Gross profit:286,924182,5986943,4741,689
Operating expenses(178,630)(123,106)(2,470)(826)(586)
Other undisclosed operating loss   (894)(3,674)(1,888)
Operating income (loss):108,29459,492(2,670)(1,026)(785)
Nonoperating income (expense)(7,378)5,976   
Investment income, nonoperating (7,315)2,090   
Other nonoperating income (expense)(63)3,886   
Interest and debt expense(2,496)4,266   
Income (loss) from continuing operations before equity method investments, income taxes:98,42069,734(2,670)(1,026)(785)
Income from equity method investments 1491,262   
Other undisclosed income (loss) from continuing operations before income taxes2,496(4,266)(33,845)3,4741,689
Income (loss) from continuing operations before income taxes:101,06566,730(36,515)2,448904
Income tax expense(25,400)(13,995)(120)(676)(311)
Income (loss) from continuing operations:75,66552,735(36,636)1,772593
Income (loss) before gain (loss) on sale of properties:52,735(36,636)1,772593
Net income (loss):75,66552,735(36,636)1,772593
Net income (loss) attributable to noncontrolling interest(2,114)51   
Net income (loss) attributable to parent:73,55152,786(36,636)1,772593
Other undisclosed net loss available to common stockholders, basic (1,706)(1,161)   
Net income (loss) available to common stockholders, diluted:71,84551,625(36,636)1,772593

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):75,66552,735(36,636)1,772593
Comprehensive income (loss):75,66552,735(36,636)1,772593
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2,114)51   
Comprehensive income (loss), net of tax, attributable to parent:73,55152,786(36,636)1,772593

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: