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 | 474 | 470 | 505 | 283 | 181 | ||||
| Cash and cash equivalents | 474 | 470 | 505 | 283 | 181 | ||||
| Inventory, net of allowances, customer advances and progress billings | 1,764 | ||||||||
| Inventory | 1,764 | ||||||||
| Deferred costs | 6 | ||||||||
| Other current assets | 4 | ||||||||
| Total current assets: | 474 | 470 | 505 | 283 | 1,955 | ||||
| Noncurrent Assets | |||||||||
| Inventory, real estate | 58 | 53 | 55 | 55 | 58 | 68 | 78 | ||
| Property, plant and equipment | 61 | 62 | 60 | 58 | 26 | 28 | 28 | ||
| Intangible assets, net (including goodwill) | 6 | ||||||||
| Goodwill | 6 | ||||||||
| Total noncurrent assets: | 119 | 115 | 116 | 113 | 84 | 96 | 112 | ||
| Other undisclosed assets | 4,845 | 3,750 | 2,748 | 2,418 | 2,191 | 2,150 | 349 | ||
| TOTAL ASSETS: | 4,964 | 3,865 | 3,338 | 3,001 | 2,780 | 2,529 | 2,416 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Liability for uncertainty in income taxes | 0 | 9 | 9 | 10 | 1 | 0 | 0 | ||
| Total current liabilities: | 0 | 9 | 9 | 10 | 1 | 0 | 0 | ||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 2,366 | 1,736 | 1,547 | 1,415 | 1,373 | 1,208 | 1,159 | ||
| Total liabilities: | 2,366 | 1,745 | 1,556 | 1,425 | 1,373 | 1,209 | 1,160 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 2,597 | 2,120 | 1,782 | 1,576 | 1,407 | 1,320 | 1,256 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 0 | ||
| Additional paid in capital | 1,709 | 1,408 | 1,349 | 1,168 | 1,145 | 984 | 916 | ||
| Accumulated other comprehensive income | 4 | 22 | 16 | ||||||
| Retained earnings | 887 | 712 | 433 | 407 | 258 | 314 | 324 | ||
| Total stockholders' equity: | 2,597 | 2,120 | 1,782 | 1,576 | 1,407 | 1,320 | 1,256 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,964 | 3,865 | 3,338 | 3,001 | 2,780 | 2,529 | 2,416 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,255 | 3,901 | 3,293 | 3,065 | 2,578 | 2,327 | 1,909 | |
| 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: | 5,253 | 3,886 | 3,280 | 3,032 | 2,568 | 2,317 | 1,893 | |
| Operating expenses | (44) | (39) | (36) | (20) | ||||
| Operating income: | 5,253 | 3,842 | 3,241 | 2,996 | 2,568 | 2,317 | 1,872 | |
| 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: | 5,229 | 458 | 305 | 264 | 230 | 152 | 101 | |
| Other undisclosed loss from continuing operations before income taxes | (4,478) | |||||||
| Income from continuing operations before income taxes: | 752 | 458 | 305 | 264 | 230 | 152 | 101 | |
| Income tax expense | (178) | (90) | (67) | (53) | (88) | (49) | (36) | |
| Net income attributable to parent: | 574 | 368 | 238 | 211 | 142 | 103 | 66 | |
| 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: | 571 | 365 | 237 | 210 | 141 | 103 | 66 | |
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: | 574 | 368 | 238 | 211 | 142 | 103 | 66 | |
| Other undisclosed comprehensive income (loss) | (18) | 6 | 5 | |||||
| Comprehensive income, net of tax, attributable to parent: | 574 | 368 | 238 | 211 | 124 | 110 | 71 | |
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.