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)

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 investments119,555133,49174,186136,785123,634110,192
Cash and cash equivalents119,555133,49174,186136,785123,634110,192
Total current assets:119,555133,49174,186136,785123,634110,192
Noncurrent Assets
Operating lease, right-of-use asset11,86912,90013,80013,70015,58912,800
Inventory, real estate1,121,7261,155,6611,125,1091,080,8771,093,3691,179,418
Property, plant and equipment (15,800)   (11,500) 
Long-term investments and receivables 19   41 
Long-term investments 19   41 
Intangible assets, net (including goodwill)68,63968,63968,63968,63968,68368,639
Goodwill68,63968,63968,63968,63968,63968,639
Intangible assets, net (excluding goodwill)     44 
Deferred income tax assets 18,486   13,569 
Total noncurrent assets:1,204,9391,237,2001,207,5481,163,2161,179,7511,260,857
Other undisclosed assets146,738106,396124,837128,081137,11197,809
TOTAL ASSETS:1,471,2321,477,0871,406,5711,428,0821,440,4961,468,858
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities782,880775,640694,965715,464730,177784,605
Total liabilities:782,880775,640694,965715,464730,177784,605
Equity
Equity, attributable to parent652,878652,950657,258658,257655,950629,849
Common stock444444
Additional paid in capital465,290477,837490,741496,687497,598497,078
Retained earnings187,584175,109166,513161,566158,348132,767
Equity, attributable to noncontrolling interest35,47448,49754,34854,36154,36954,404
Total equity:688,352701,447711,606712,618710,319684,253
TOTAL LIABILITIES AND EQUITY:1,471,2321,477,0871,406,5711,428,0821,440,4961,468,858

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

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
Revenues397,615277,348293,244241,740425,958335,585
Cost of revenue(331,561)(223,062)(242,583)(197,767)(348,759)(269,099)
Gross profit:66,05454,28650,66143,97377,19966,486
Operating expenses(48,795)(42,393)(44,314)(39,188)(43,530)(42,174)
Operating income (loss):17,25911,8936,3474,78533,66924,312
Nonoperating income
(Other Nonoperating income)
1,4916561,159955730920
Interest and debt expense(14,400)(10,000)(7,300)(4,600) (10,150)
Income (loss) from continuing operations before equity method investments, income taxes:4,3502,5492061,14034,39915,082
Income from equity method investments     1070
Other undisclosed income from continuing operations before income taxes14,40010,0007,3004,600 10,150
Income from continuing operations before income taxes:18,75012,5497,5065,74034,40925,302
Income tax expense (benefit)(5,572)(3,066)(1,640)(1,617)(7,940)(4,021)
Income from continuing operations:13,1789,4835,8664,12326,46921,281
Income before gain (loss) on sale of properties:21,281
Net income:13,1789,4835,8664,12326,46921,281
Net loss attributable to noncontrolling interest(703)(887)(919)(905)(888)(1,311)
Net income attributable to parent:12,4758,5964,9473,21825,58119,970
Other undisclosed net loss available to common stockholders, basic     (612)(487)
Net income available to common stockholders, diluted:12,4758,5964,9473,21824,96919,483

Comprehensive Income ($ in thousands)

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:13,1789,4835,8664,12326,46921,281
Comprehensive income:13,1789,4835,8664,12326,46921,281
Comprehensive loss, net of tax, attributable to noncontrolling interest(703)(887)(919)(905)(888)(1,311)
Comprehensive income, net of tax, attributable to parent:12,4758,5964,9473,21825,58119,970

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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