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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments319311171132262103274
Cash and cash equivalents319311171132262103274
Total current assets:319311171132262103274
Noncurrent Assets
Operating lease, right-of-use asset26
Inventory, real estate2,7442,7432,7312,4222,0981,878
Property, plant and equipment51553433343222
Long-term investments and receivables4171717111112
Long-term investments4171717111112
Intangible assets, net (including goodwill)333333333333
Goodwill333333333333 
Total noncurrent assets:2,8592,8482,8152,5052,1771,95434
Other undisclosed assets2202062652522522591,695
TOTAL ASSETS:3,3983,3653,2512,8892,6912,3162,003
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,4241,6451,6741,4671,4321,2071,162
Total liabilities:1,4241,6451,6741,4671,4321,2071,162
Stockholders' equity
Stockholders' equity attributable to parent1,9741,7211,5771,4211,2591,109841
Common stock0000000
Additional paid in capital505502585573559539413
Retained earnings1,4681,219992849699570428
Total stockholders' equity:1,9741,7211,5771,4211,2591,109841
TOTAL LIABILITIES AND EQUITY:3,3983,3653,2512,8892,6912,3162,003

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 13,2273,0292,5682,1801,822
Revenue, net3,2273,0292,5682,1701,816
Operating leases, income statement, lease revenue1
Cost of revenue  (2,660)(2,498)(2,079)(1,722)(1,422)
Cost of goods and services sold  (2,660)(2,498)(2,079)(1,717)(1,418)
Other undisclosed gross profit     (6)(4)
Gross profit: 1566531489453396
Operating expenses(393)(380)(346)(339)(301)(273)(229)
Other undisclosed operating income     4542
Operating income (loss):(393)(380)221192187225209
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
101165(1)73
Interest and debt expense(14)(1)(4)(5)(16)(5)(19)
Income (loss) from continuing operations before equity method investments, income taxes:(397)(370)223192171226193
Income from equity method investments1216   1013
Other undisclosed income (loss) from continuing operations before income taxes688637242619(28)(28)
Income from continuing operations before income taxes:303283248218189208178
Income tax expense(53)(56)(104)(69)(61)(66)(53)
Net income available to common stockholders, basic:250227143150129142124
Interest on convertible debt  12221
Net income available to common stockholders, diluted:250227144151130144126

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:250227143150129142124
Comprehensive income, net of tax, attributable to parent:250227143150129142124

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: