Company: LGIH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001580670-25-000016
Chunk: 281

Company: LGI Homes, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 281
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,358,580 $2,304,455 Cost of sales:Central$433,932 $556,664 $716,485 Southeast389,626 416,579 318,508 Northwest199,217 197,637 175,671 West359,406 304,550 236,673 Florida287,129 340,963 210,518 Total cost of sales$1,669,310 $1,816,393 $1,657,855 Other segment items(1):Central$63,988 $87,728 $83,563 Southeast63,265 61,235 49,065 Northwest33,277 29,850 26,959 West61,036 47,429 37,981 Florida51,274 49,524 34,964 Corporate (2)1,535 4,667 (4,048)Total other segment items$274,375 $280,433 $228,484 Net income (loss) before income taxes:Central$66,688 $86,296 $211,796 Southeast85,279 78,994 87,767 Northwest25,913 23,684 50,786 West52,213 29,123 26,314 Florida30,355 48,324 37,405 Corporate(1,535)(4,667)4,048 Total net income before income taxes$258,913 $261,754 $418,116 (1) Other segment items reflects other sources of income and expense, including selling expenses, general and administrative expenses and other income, net.(2) The Corporate balance consists of general and administrative unallocated costs for various shared service functions and non-strategic other income. Additionally, for the year ended December 31, 2022, the Corporate balance includes the $7.1 million gain on the sale of the three-year interest rate cap of LIBOR prior to its expiration.  

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December 31,Assets:20242023Central$1,096,500 $1,026,303 Southeast733,339 664,877 Northwest567,088 528,319 West759,042 671,558 Florida480,921 420,286 Corporate (1)121,644 96,508 Total assets