Company: LGIH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001580670-25-000016
Chunk: 5

Company: LGI Homes, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 5
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 199,227 — 199,227 Restricted stock units granted for accrued annual bonuses— — 206 — — 206 Compensation expense for equity awards— — 8,926 — — 8,926 Stock issued under employee incentive plans275,842 3 5,257 — — 5,260 BALANCE—December 31, 202327,521,120 $275 $321,062 $1,889,716 $(355,022)$1,856,031 Net income— — — 196,071 — 196,071 Stock repurchase including excise tax— — — — (30,974)(30,974)Restricted stock units granted for accrued annual bonuses— — 786 — — 786 Compensation expense for equity awards— — 10,483 — — 10,483 Stock issued under employee incentive plans123,293 1 4,830 — — 4,831 BALANCE—December 31, 202427,644,413 $276 $337,161 $2,085,787 $(385,996)$2,037,228 

See accompanying notes to the consolidated financial statements.

55

LGI HOMES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS 

(In thousands)

 For the Year Ended December 31, 202420232022   Cash flows from operating activities:Net income$196,071 $199,227 $326,567 Adjustments to reconcile net income to net cash used in operating activities:Equity in income of unconsolidated entities(13,302)(12,834)(5,507)Distributions of earnings from unconsolidated entities14,372 14,825 4,593 Depreciation and amortization3,108 2,408 1,576 Gain on sale of interest rate cap— — (7,055)Gain on disposal of assets(14,013)(1,634)(2,206)Compensation expense for equity awards10,483 8,926 9,188 Deferred income taxes(1,108)(1,977)12 Changes in assets and liabilities:Accounts receivable12,602 (16,176)32,766 Real estate inventory(365,