Company: SDHC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049591
Chunk: 21

Company: Smith Douglas Homes Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 21
---
 used in investing activities(5,573)(3,780)   Cash flows from financing activities:  Issuance of Class A common stock in IPO, net of underwriting discount— 172,765 Issuance of Class B common stock— 4 Payment of offering costs— (6,869)Redemption of Class C and D units— (2,600)Purchase of LLC interests from Continuing Equity Owners— (47,573)Borrowings under revolving credit facility164,000 60,000 Repayments under revolving credit facility(115,000)(131,000)Payments on notes payable(1,260)(1,169)

13

Payments on notes payable - related party(163)(938)Proceeds from sales of real estate not owned36,683 4,890 Payments related to repurchases of real estate not owned(13,685)(12,260)Distributions(28,016)(39,335)Payment of shares withheld for taxes(1,262)— Payment of debt issuance costs(2,218)(1,851)Net cash provided by (used in) financing activities39,079 (5,936)   Net (decrease) increase in cash and cash equivalents(7,588)3,939 Cash and cash equivalents, beginning of period22,363 19,777 Cash and cash equivalents, end of period$14,775 $23,716 

See accompanying notes to unaudited condensed consolidated financial statements.

14

SMITH DOUGLAS HOMES CORP.

Condensed Consolidated Statements of Cash Flows - Continued

(Unaudited, in thousands)

Nine months endedSeptember 30,20252024Supplemental Disclosure of Cash Flow Information:    Cash paid for interest, net of amounts capitalized$1,300 $1,343   Cash paid for income taxes$3,505 $2,961   Right-of-use assets obtained in exchange for new operating lease liabilities$574 $1,550 Capital expenditures financed by issuance of related party note payable$3,000 $— 

See accompanying notes to unaudited condensed consolidated financial statements.

15

SMITH DOUGLAS HOMES CORP.

Notes to Unaudited Condensed Consolidated Financial Statements

Note 1 - Description of business and summary of significant accounting policies:

Nature of businessSmith Douglas Homes Corp. (the Company) was incorporated in the state