Meritage Homes Corporation (MTH) financial statements (2022 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)

12/31/2021
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 investments618746319311171132262
Cash and cash equivalents618746319311171132262
Total current assets:618746319311171132262
Noncurrent Assets
Operating lease, right-of-use asset212226
Inventory, real estate3,7342,7782,7442,7432,7312,4222,098
Property, plant and equipment37395155343334
Long-term investments and receivables64417171711
Long-term investments64417171711
Intangible assets, net (including goodwill)33333333333333
Goodwill33333333333333
Deferred income tax assets4136 
Total noncurrent assets:3,8722,9122,8592,8482,8152,5052,177
Other undisclosed assets317207220206265252252
TOTAL ASSETS:4,8083,8643,3983,3653,2512,8892,691
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,7631,5171,4241,6451,6741,4671,432
Total liabilities:1,7631,5171,4241,6451,6741,4671,432
Stockholders' equity
Stockholders' equity attributable to parent3,0442,3481,9741,7211,5771,4211,259
Common stock0000000
Additional paid in capital415456505502585573559
Retained earnings2,6291,8921,4681,219992849699
Total stockholders' equity:3,0442,3481,9741,7211,5771,4211,259
TOTAL LIABILITIES AND EQUITY:4,8083,8643,3983,3653,2512,8892,691

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   13,2273,0292,568
Revenue, net3,2273,0292,568
Operating leases, income statement, lease revenue1
Cost of revenue
(Cost of Goods and Services Sold)
    (2,660)(2,498)(2,079)
Gross profit:   1566531489
Operating expenses(467)(447)(393)(380)(346)(339)(301)
Operating income (loss):(467)(447)(393)(380)221192187
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
57101165(1)
Interest and debt expense(19)(2)(14)(1)(4)(5)(16)
Income (loss) from continuing operations before equity method investments, income taxes:(480)(442)(397)(370)223192171
Income from equity method investments 41216   
Other undisclosed income from continuing operations before income taxes1,435972688637242619
Income from continuing operations before income taxes:955534303283248218189
Income tax expense(217)(110)(53)(56)(104)(69)(61)
Net income available to common stockholders, basic:737423250227143150129
Interest on convertible debt    122
Net income available to common stockholders, diluted:737423250227144151130

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:737423250227143150129
Comprehensive income, net of tax, attributable to parent:737423250227143150129

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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