Company: LGIH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001580670-25-000058
Chunk: 89

Company: LGI Homes, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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9 million, respectively.  Income associated with our investment in unconsolidated entities during the three and six months ended June 30, 2024 was $3.0 million and $5.0 million, respectively.

11.     REVENUES

Home Sales RevenuesWe generate revenues primarily by delivering move-in ready entry-level and move-up spec homes sold under our LGI Homes brand and our move-up and luxury series spec homes sold under our Terrata Homes brand. 

17

The following table presents our home sales revenues disaggregated by revenue stream (in thousands): Three Months Ended June 30,Six Months Ended June 30,2025202420252024Retail home sales revenues$412,056 $566,772 $708,995 $929,061 Wholesale home sales revenues71,429 35,725 125,910 64,287 Total home sales revenues$483,485 $602,497 $834,905 $993,348 Our home sales revenues are disaggregated by geography, based on our determined reportable segments. See Note 12 for tabular presentation of this information.

12.     SEGMENT INFORMATION 

We operate one principal homebuilding business that is organized and reports by division. We have seven operating segments (our Central, Midwest, Southeast, Mid-Atlantic, Northwest, West and Florida divisions) that we aggregate into five qualifying reportable segments at June 30, 2025: our Central, Southeast, Northwest, West, and Florida divisions. These segments reflect the way we evaluate our business performance and manage our operations.  For reporting purposes, our homebuilding operations are aggregated into five reportable segments as follows:Central:        Texas, Oklahoma, MinnesotaSoutheast:    Georgia, Alabama, Tennessee, North Carolina, South Carolina, West Virginia, Maryland, Pennsylvania, VirginiaNorthwest:    Colorado, Washington, OregonWest:        Arizona, New Mexico, Nevada, California, UtahFlorida:        FloridaIn determining the most appropriate reportable segments, we consider operating segments’ economic and other characteristics, including home floor plans, average selling prices, gross margin percentage, geographical proximity, production construction processes, suppliers, subcontractors, regulatory environments, customer type and underlying demand and supply.  Each operating segment follows the same accounting policies and is managed by our management team.  We have no inter-segment sales, as all sales are to external customers. Operating results for each segment may not be