Company: LGIH
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001580670-25-000076
Chunk: 13

Company: LGI Homes, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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7,998)Compensation expense for equity awards— — 2,841 — — 2,841 Stock issued under employee incentive plans16,602 — 1,223 — — 1,223 BALANCE—June 30, 202427,612,742 $276 $331,246 $1,965,342 $(373,022)$1,923,842 Net income— — — 69,575 — 69,575 Compensation expense for equity awards— — 2,256 — — 2,256 Stock issued under employee incentive plans13,208 — 1,290 — — 1,290 BALANCE—September 30, 202427,625,950 $276 $334,792 $2,034,917 $(373,022)$1,996,963 

See accompanying notes to the consolidated financial statements.

7

LGI HOMES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS 

(Unaudited)

(In thousands)

 Nine Months Ended September 30,20252024Cash flows from operating activities:Net income$55,231 $145,201 Adjustments to reconcile net income to net cash used in operating activities:Equity in income of unconsolidated entities(1,874)(9,612)Distributions of earnings from unconsolidated entities4,021 10,737 Depreciation and amortization3,053 2,280 Loss on disposal of assets5 — Compensation expense for equity awards7,057 8,926 Deferred income taxes(353)(983)Changes in assets and liabilities:Accounts receivable7,478 (7,703)Real estate inventory(347,255)(390,896)Pre-acquisition costs and deposits8,330 (3,322)Other assets45,663 (670)Accounts payable4,673 21,698 Accrued expenses and other liabilities(12,778)23,597 Net cash used in operating activities(226,749)(200,747)Cash flows from investing activities:Purchases of property and equipment(924)(1,345)Proceeds from sale of property and equipment10,155 — Investment in unconsolidated entities(3,566)(5,296)Return of capital from unconsolidated