M/I Homes Inc. (MHO) Financial Statements (2024 and earlier)

Company Profile

Business Address 4131 WORTH AVENUE STE 500
COLUMBUS, OH 43219
State of Incorp. OH
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)

3/31/2024
MRQ
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      22
Cash and cash equivalents      22
Advances on inventory purchases525653452934
Total current assets:525653452955
Noncurrent Assets
Operating lease, right-of-use asset5660515218
Inventory, real estate2,7972,8292,4521,9171,7701,674
Property, plant and equipment353738272229
Long-term investments and receivables445257353836
Long-term investments445257353836
Intangible assets, net (including goodwill)161616161616
Goodwill161616161616
Deferred income tax assets1618106 
Total noncurrent assets:2,9653,0122,6252,0531,8641,756
Other undisclosed assets1,006647562545213210
TOTAL ASSETS:4,0223,7153,2402,6432,1062,022
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt169249267229141157
Other liabilities      1
Total current liabilities:169249267229141157
Noncurrent Liabilities
Long-term debt and lease obligation193020814 
Long-term debt, excluding current maturities193020814 
Total noncurrent liabilities:193020814 
Other undisclosed liabilities1,3171,3651,3281,1479481,009
Total liabilities:1,5061,6441,6161,3841,1021,166
Equity
Equity, attributable to parent, including:2,5172,0711,6241,2591,003855
Common stock000000
Treasury stock, value(135)(118)(69)(29)(38)(57)
Additional paid in capital350353347339333331
Deferred compensation equity (7)(3)(3)(2)(3)(1)
Retained earnings2,3011,8361,345948709581
Other undisclosed equity, attributable to parent 733231
Total equity:2,5172,0711,6241,2591,003855
TOTAL LIABILITIES AND EQUITY:4,0223,7153,2402,6432,1062,022

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues4,0344,1313,7463,0462,5002,286
Cost of revenue(3,016)(3,071)(2,846)(2,371)(2,028)(1,858)
Cost of goods and services sold(3,015)(3,069)(2,837)(2,361)(2,006) 
Gross profit:1,0171,060900675472428
Operating expenses(442)(425)(391)(365)(306)(287)
Other undisclosed operating income122992122
Operating income:587637518319187163
Nonoperating income (expense)12492(19)(12)4
Investment income, nonoperating12492(19)(12)4
Interest and debt expense  (2)7(11)(21)(20)
Income from continuing operations before equity method investments, income taxes:599685527289154146
Income from equity method investments000000
Income from continuing operations before income taxes:599685527290154147
Income tax expense(142)(145)(112)(70)(38)(34)
Income from continuing operations:457540415220115113
Income before gain (loss) on sale of properties:415220115113
Other undisclosed net income (loss)8(49)(18)2012(5)
Net income available to common stockholders, basic:465491397240128108
Other undisclosed net income available to common stockholders, diluted      0
Net income available to common stockholders, diluted:465491397240128108

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:465491397240128108
Comprehensive income, net of tax, attributable to parent:465491397240128108

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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