Company: UHG
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001830188-25-000079
Chunk: 35

Company: United Homes Group, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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239)Accounts payable4,111 (18,132)Operating lease liabilities(950)(774)Income tax receivable(2,947)(3,550)Due to related parties(42)167 Other accrued expenses and liabilities2,264 4,105 Net cash flows used in operating activities(20,980)(11,960)Cash flows from investing activities:Purchases of property and equipment(1,268)(32)Proceeds from the sale of property and equipment51 — Proceeds from related party note receivable63 59 Payments on business acquisition— (12,743)Net cash flows used in investing activities(1,154)(12,716)Cash flows from financing activities:Proceeds from syndicated line of credit71,000 57,000 

7

Repayments of syndicated line of credit(41,500)(65,957)Proceeds from sale of real estate inventory not owned— 18,050 Repayments of liabilities from real estate inventory not owned(5,725)(9,276)Repayments on private investor loans— (4,012)Payment of deferred financing costs(168)(2,045)Taxes related to net share settlement of restricted stock units(46)— Proceeds from exercise of employee stock options129 62 Net cash flows provided by (used in) financing activities23,690 (6,178)Net change in cash, cash equivalents, and restricted cash1,556 (30,854)Cash, cash equivalents, and restricted cash, beginning of year25,549 56,672 Cash, cash equivalents, and restricted cash, end of year$27,105 $25,818 Supplemental cash flow information:Cash paid for interest$11,444 $16,174 Cash paid for income taxes$2,055 $5,633 Supplemental disclosures of non-cash activities:Derecognition of derivative liability related to equity incentive plan115 8 Modification of existing lease77 2,212 Termination of existing lease67 95 Recognition of derivative liability related to equity incentive plan4 211 Noncash exercise of employee stock options— 3 Taxes related to net share settlement of performance stock units— 19 Taxes related to net share settlement of restricted stock units— 28 Total non-cash activities$263 $2,576 

The accompanying unaudited Notes to the Condensed Consolid