M.D.C. Holdings, Inc. (MDC) Financial Statements (2023 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 millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  474470505283181
Cash and cash equivalents  474470505283181
Inventory, net of allowances, customer advances and progress billings      1,764
Inventory      1,764
Deferred costs      6
Other current assets      4
Total current assets:  4744705052831,955
Noncurrent Assets
Inventory, real estate58535555586878
Property, plant and equipment61626058262828
Intangible assets, net (including goodwill)      6
Goodwill      6
Total noncurrent assets:1191151161138496112
Other undisclosed assets4,8453,7502,7482,4182,1912,150349
TOTAL ASSETS:4,9643,8653,3383,0012,7802,5292,416
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Liability for uncertainty in income taxes09910100
Total current liabilities:09910100
Noncurrent Liabilities
Other undisclosed liabilities2,3661,7361,5471,4151,3731,2081,159
Total liabilities:2,3661,7451,5561,4251,3731,2091,160
Stockholders' equity
Stockholders' equity attributable to parent2,5972,1201,7821,5761,4071,3201,256
Common stock1111110
Additional paid in capital1,7091,4081,3491,1681,145984916
Accumulated other comprehensive income    42216
Retained earnings887712433407258314324
Total stockholders' equity:2,5972,1201,7821,5761,4071,3201,256
TOTAL LIABILITIES AND EQUITY:4,9643,8653,3383,0012,7802,5292,416

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5,2553,9013,2933,0652,5782,3271,909
Cost of revenue(2)(15)(14)(33)(10)(10)(16)
Cost of goods and services sold(2) (1)(22)(10)(10)(10)
Liability for future policy benefits, period expense (income) (15)(13)(11)  (6)
Gross profit:5,2533,8863,2803,0322,5682,3171,893
Operating expenses (44)(39)(36)  (20)
Operating income:5,2533,8423,2412,9962,5682,3171,872
Nonoperating income (expense)
(Investment Income, Nonoperating)
    18(1)(3)
Interest and debt expense(24)      
Other undisclosed loss from continuing operations before equity method investments, income taxes (3,384)(2,936)(2,732)(2,356)(2,163)(1,767)
Income from continuing operations before equity method investments, income taxes:5,229458305264230152101
Other undisclosed loss from continuing operations before income taxes(4,478)      
Income from continuing operations before income taxes:752458305264230152101
Income tax expense(178)(90)(67)(53)(88)(49)(36)
Net income attributable to parent:57436823821114210366
Undistributed earnings (loss) allocated to participating securities, basic(2)(2)(1)(1)(0)
Other undisclosed net loss available to common stockholders, basic(1)(1)(0)(0)(0)(0) 
Net income available to common stockholders, diluted:57136523721014110366

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:57436823821114210366
Other undisclosed comprehensive income (loss)    (18)65
Comprehensive income, net of tax, attributable to parent:57436823821112411071

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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