M.D.C. Holdings, Inc. (MDC) Financial Statements (2024 and earlier)

Company Profile

Business Address 4350 S MONACO STREET
DENVER, CO 80237
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 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
Inventory, net of allowances, customer advances and progress billings 3,236,3303,145,2683,257,775 4,042,434
Inventory 3,236,3303,145,2683,257,775 4,042,434
Total current assets: 3,236,3303,145,2683,257,775 4,042,434
Noncurrent Assets
Inventory, real estate64,65965,42861,95361,31059,92163,583
Property, plant and equipment 82,218   63,730 
Total noncurrent assets:146,87765,42861,95361,310123,65163,583
Other undisclosed assets5,484,2082,186,2452,206,3101,996,7365,239,6211,225,796
TOTAL ASSETS:5,631,0855,488,0035,413,5315,315,8215,363,2725,331,813
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Liability for uncertainty in income taxes 400   600 
Total current liabilities: 400   600 
Noncurrent Liabilities
Other undisclosed liabilities2,252,8002,195,4602,192,4282,185,7002,270,8882,322,609
Total liabilities:2,253,2002,195,4602,192,4282,185,7002,271,4882,322,609
Equity
Equity, attributable to parent3,377,8853,292,5433,221,1033,130,1213,091,7843,009,204
Common stock747747745731726713
Additional paid in capital1,824,4341,817,4941,812,2991,778,0251,784,1731,745,750
Accumulated other comprehensive income519190323  
Retained earnings1,552,6531,474,2111,407,9691,351,0421,306,8851,262,741
Total equity:3,377,8853,292,5433,221,1033,130,1213,091,7843,009,204
TOTAL LIABILITIES AND EQUITY:5,631,0855,488,0035,413,5315,315,8215,363,2725,331,813

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
Revenues4,642,866   5,717,987 
Gain (loss) on disposition of assets for financial service operations7,100(2,300)(3,400)(2,300)(4,400)(4,300)
Cost of revenue
(Cost of Goods and Services Sold)
(2,200)(6,200)(13,500)(7,800)(92,800)(28,415)
Gross profit:4,640,666(6,200)(13,500)(7,800)5,625,187(28,415)
Operating expenses      
Operating income (loss):4,640,666(6,200)(13,500)(7,800)5,625,187(28,415)
Income (loss) from continuing operations before equity method investments, income taxes:4,640,666(6,200)(13,500)(7,800)5,625,187(28,415)
Other undisclosed income (loss) from continuing operations before income taxes(4,476,387)146,007126,550116,769(5,511,967)214,204
Income from continuing operations before income taxes:164,279139,807113,050108,969113,220185,789
Income tax expense(44,772)(32,502)(19,557)(28,269)(33,444)(41,389)
Income from continuing operations:119,507107,30593,49380,70079,776144,400
Income before gain (loss) on sale of properties:144,400
Net income attributable to parent:119,507107,30593,49380,70079,776144,400
Undistributed earnings (loss) allocated to participating securities, basic(458)(378)(291)(230)(242)(522)
Other undisclosed net loss available to common stockholders, basic(244)(248)(187)(216)(182)(180)
Net income available to common stockholders, basic:118,805106,67993,01580,25479,352143,698
Other undisclosed net income available to common stockholders, diluted766439 
Net income available to common stockholders, diluted:118,812106,68593,02180,25879,391143,698

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:119,507107,30593,49380,70079,776144,400
Comprehensive income:119,507107,30593,49380,70079,776144,400
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(40)1(233)323  
Comprehensive income, net of tax, attributable to parent:119,467107,30693,26081,02379,776144,400

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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