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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments746319311171132262103
Cash and cash equivalents746319311171132262103
Total current assets:746319311171132262103
Noncurrent Assets
Operating lease, right-of-use asset2226
Inventory, real estate2,7782,7442,7432,7312,4222,0981,878
Property, plant and equipment39515534333432
Long-term investments and receivables441717171111
Long-term investments441717171111
Intangible assets, net (including goodwill)33333333333333
Goodwill33333333333333
Deferred income tax assets36 
Total noncurrent assets:2,9122,8592,8482,8152,5052,1771,954
Other undisclosed assets207220206265252252259
TOTAL ASSETS:3,8643,3983,3653,2512,8892,6912,316
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,5171,4241,6451,6741,4671,4321,207
Total liabilities:1,5171,4241,6451,6741,4671,4321,207
Stockholders' equity
Stockholders' equity attributable to parent2,3481,9741,7211,5771,4211,2591,109
Common stock0000000
Additional paid in capital456505502585573559539
Retained earnings1,8921,4681,219992849699570
Total stockholders' equity:2,3481,9741,7211,5771,4211,2591,109
TOTAL LIABILITIES AND EQUITY:3,8643,3983,3653,2512,8892,6912,316

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues  13,2273,0292,5682,180
Revenue, net3,2273,0292,5682,170
Operating leases, income statement, lease revenue1
Cost of revenue   (2,660)(2,498)(2,079)(1,722)
Cost of goods and services sold   (2,660)(2,498)(2,079)(1,717)
Other undisclosed gross profit      (6)
Gross profit:  1566531489453
Operating expenses(447)(393)(380)(346)(339)(301)(273)
Other undisclosed operating income      45
Operating income (loss):(447)(393)(380)221192187225
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
7101165(1)7
Interest and debt expense(2)(14)(1)(4)(5)(16)(5)
Income (loss) from continuing operations before equity method investments, income taxes:(442)(397)(370)223192171226
Income from equity method investments41216   10
Other undisclosed income (loss) from continuing operations before income taxes972688637242619(28)
Income from continuing operations before income taxes:534303283248218189208
Income tax expense(110)(53)(56)(104)(69)(61)(66)
Net income available to common stockholders, basic:423250227143150129142
Interest on convertible debt   1222
Net income available to common stockholders, diluted:423250227144151130144

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:423250227143150129142
Comprehensive income, net of tax, attributable to parent:423250227143150129142

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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