Company: LGIH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001580670-25-000016
Chunk: 4

Company: LGI Homes, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 4
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 and per share data)

 For the Year Ended December 31, 202420232022   Home sales revenues$2,202,598 $2,358,580 $2,304,455 Cost of sales1,669,310 1,816,393 1,657,855 Selling expenses199,950 191,582 144,928 General and administrative121,192 117,350 111,565    Operating income212,146 233,255 390,107 Other income, net(46,767)(28,499)(28,009)   Net income before income taxes258,913 261,754 418,116 Income tax provision62,842 62,527 91,549    Net income$196,071 $199,227 $326,567 Earnings per share:Basic$8.33 $8.48 $13.90 Diluted$8.30 $8.42 $13.76 Weighted average shares outstanding:Basic23,529,724 23,507,136 23,486,465 Diluted23,610,457 23,648,548 23,730,770 

See accompanying notes to the consolidated financial statements.

54

LGI HOMES, INC.

CONSOLIDATED STATEMENTS OF EQUITY

(In thousands, except share data)

Common StockAdditional Paid-In CapitalRetained EarningsTreasury StockTotal EquitySharesAmountBALANCE—December 31, 202126,963,915 $269 $291,577 $1,363,922 $(259,920)$1,395,848 Net income— — — 326,567 — 326,567 Stock repurchase— — — — (95,102)(95,102)Restricted stock units granted for accrued annual bonuses— — 294 — — 294 Compensation expense for equity awards— — 9,188 — — 9,188 Stock issued under employee incentive plans281,363 3 5,614 — — 5,617 BALANCE—December 31, 202227,245,278 $272 $306,673 $1,690,489 $(355,022)$1,642,412 Net income— — —