Company: LGIH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001580670-25-000016
Chunk: 493

Company: LGI Homes, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1A
Chunk 493
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,849 Deferred tax assets, net9,271 8,163 Goodwill12,018 12,018 Total assets$3,758,534 $3,407,851 LIABILITIES AND EQUITYAccounts payable$33,271 $31,616 Accrued expenses and other liabilities207,317 271,872 Notes payable1,480,718 1,248,332 Total liabilities1,721,306 1,551,820 COMMITMENTS AND CONTINGENCIESEQUITYCommon stock, par value $0.01, 250,000,000 shares authorized, 27,644,413 shares issued and 23,397,074 shares outstanding as of December 31, 2024 and 27,521,120 shares issued and 23,581,648 shares outstanding as of December 31, 2023276 275 Additional paid-in capital337,161 321,062 Retained earnings2,085,787 1,889,716 Treasury stock, at cost, 4,247,339 shares and 3,939,472 shares, respectively(385,996)(355,022)Total equity2,037,228 1,856,031 Total liabilities and equity$3,758,534 $3,407,851 

See accompanying notes to the consolidated financial statements.

53

LGI HOMES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share 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