Company: LGIH
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001580670-25-000043
Chunk: 12

Company: LGI Homes, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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ITEM 1.   FINANCIAL STATEMENTS

LGI HOMES, INC.

CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except share data)

  March 31,December 31, 20252024ASSETSCash and cash equivalents$57,600 $53,197 Accounts receivable21,725 28,717 Real estate inventory3,553,143 3,387,853 Pre-acquisition costs and deposits32,035 36,049 Property and equipment, net67,455 57,038 Other assets136,529 174,391 Deferred tax assets, net8,154 9,271 Goodwill12,018 12,018 Total assets$3,888,659 $3,758,534 LIABILITIES AND EQUITYAccounts payable$51,862 $33,271 Accrued expenses and other liabilities169,674 207,317 Notes payable1,624,597 1,480,718 Total liabilities1,846,133 1,721,306 COMMITMENTS AND CONTINGENCIESEQUITYCommon stock, par value $0.01, 250,000,000 shares authorized, 27,693,526 shares issued and 23,404,502 shares outstanding as of March 31, 2025 and 27,644,413 shares issued and 23,397,074 shares outstanding as of December 31, 2024277 276 Additional paid-in capital341,515 337,161 Retained earnings2,089,781 2,085,787 Treasury stock, at cost, 4,289,024 shares as of March 31, 2025 and 4,247,339 shares as of December 31, 2024 (389,047)(385,996)Total equity2,042,526 2,037,228 Total liabilities and equity$3,888,659 $3,758,534 

See accompanying notes to the consolidated financial statements.

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Table of Contents

LGI HOMES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands, except share and per share data)

  Three Months Ended March 31, 20252024Home sales revenues$351,420 $390,851 Cost of sales277,707 299,450 S