Meritage Corporation (MTH) financial statements (2021 and earlier)

Company profile

Business Address 8800 EAST RAINTREE DRIVE
SCOTTSDALE, AZ 85260
State of Incorp. MD
Fiscal Year End December 31
SIC 1531 - Operative Builders (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments746610485797319455407
Cash and cash equivalents746610485797319455407
Total current assets:746610485797319455407
Noncurrent Assets
Operating lease, right-of-use asset222324252625 
Inventory, real estate2,7782,7412,7332,7902,7442,8542,736
Property, plant and equipment39434649515354
Long-term investments and receivables4443488
Long-term investments4443488
Intangible assets, net (including goodwill)33333333333333
Goodwill33333333333333
Deferred income tax assets36282626   
Total noncurrent assets:2,9122,8722,8672,9262,8592,9732,831
Other undisclosed assets207206190191220207229
TOTAL ASSETS:3,8643,6873,5423,9143,3983,6353,467
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,5171,4871,4571,9241,4241,7611,669
Total liabilities:1,5171,4871,4571,9241,4241,7611,669
Stockholders' equity
Stockholders' equity attributable to parent2,3482,2002,0851,9911,9741,8741,798
Common stock0000000
Additional paid in capital456460454451505509503
Retained earnings1,8921,7391,6301,5391,4681,3651,295
Total stockholders' equity:2,3482,2002,0851,9911,9741,8741,798
TOTAL LIABILITIES AND EQUITY:3,8643,6873,5423,9143,3983,6353,467

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Operating expenses(131)(114)(107)(95)(111)(101)(95)
Operating loss:(131)(114)(107)(95)(111)(101)(95)
Nonoperating income
(Other Nonoperating income)
3121422
Interest and debt expense(0)(0)(2)(0)(6)(1)(3)
Loss from continuing operations before equity method investments, income taxes:(128)(113)(107)(95)(113)(99)(96)
Income from equity method investments2  13  
Other undisclosed income from continuing operations before income taxes321248223181221192163
Income from continuing operations before income taxes:195136116871119268
Income tax expense(43)(26)(25)(16)(7)(23)(17)
Net income available to common stockholders, diluted:15310991711047051

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:15310991711047051
Comprehensive income, net of tax, attributable to parent:15310991711047051

Statements sources

The financial statements are based on the company's filings with the 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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