Company: LGIH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001580670-25-000016
Chunk: 6

Company: LGI Homes, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 6
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889)(255,518)(823,919)Pre-acquisition costs and deposits(5,695)(5,322)15,671 Other assets3,851 23,033 8,696 Accounts payable1,655 6,330 11,115 Accrued expenses and other liabilities14,126 (18,256)58,052 Net cash used in operating activities(143,739)(56,968)(370,451)Cash flows from investing activities:Purchases of property and equipment(1,952)(1,443)(1,187)Proceeds from sale of property and equipment25,441 — — Investment in  unconsolidated entities(7,869)(17,889)(5,016)Return of capital from unconsolidated entities— 5,684 235 Net cash provided by (used in) investing activities15,620 (13,648)(5,968)Cash flows from financing activities:Proceeds from notes payable992,313 887,283 618,910 Payments on notes payable(760,000)(746,000)(308,000)Proceeds from financing arrangements— 50,402 149,526 Payments on financing arrangements(67,850)(95,027)(8,813)Loan issuance costs(5,982)(14,322)(4,235)Proceeds from sale of stock, net of offering expenses4,831 5,260 5,617 Stock repurchases(30,974)— (95,102)Net cash provided by financing activities132,338 87,596 357,903 Net increase (decrease) in cash and cash equivalents4,219 16,980 (18,516)Cash and cash equivalents, beginning of year48,978 31,998 50,514 Cash and cash equivalents, end of year$53,197 $48,978 $31,998 

See accompanying notes to the consolidated financial statements.

56

LGI HOMES, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

1.     ORGANIZATION AND BUSINESS

Organization and Description of the BusinessLGI Homes, Inc., a Delaware corporation (the “Company”, “we,” “us,” or “our”), is headquartered in The Woodlands, Texas. We engage in the development of communities and the design, construction and sale of new homes in markets in Texas