Company: LGIH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001580670-25-000016
Chunk: 32

Company: LGI Homes, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 32
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 with our investment in unconsolidated entities was $13.3 million, $12.8 million and $5.5 million, within other income, net on the statement of operations for the years ended December 31, 2024, 2023 and 2022, respectively. 

13.     REVENUES

Revenue RecognitionRevenues from home sales are recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. Revenues from home sales are recorded at the time each home sale is closed, title and possession are transferred to the customer and we have no significant continuing involvement with the home. Home sales discounts and incentives granted to customers, which are related to the customers’ closing costs that we pay on the customers’ behalf, are recorded as a reduction of revenue in our consolidated financial statements of operations.The following table presents our home sales revenues disaggregated by revenue stream (in thousands): For the Year Ended December 31,202420232022Retail home sales revenues$2,038,520 $2,156,237 $1,963,896 Wholesale home sales revenues164,078 202,343 340,559 Total home sales revenues$2,202,598 $2,358,580 $2,304,455 

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The following table presents our home sales revenues disaggregated by geography, based on our determined reportable segments in Note 14 (in thousands):For the Year Ended December 31,202420232022Central$564,608 $730,688 $1,011,844 Southeast538,170 556,808 455,340 Northwest258,407 251,171 253,416 West472,655 381,102 300,968 Florida368,758 438,811 282,887 Home sales revenues$2,202,598 $2,358,580 $2,304,455 Home Sales RevenuesWe generate revenues primarily by delivering move-in ready entry-level and move-up spec homes sold under our LGI Homes brand and our luxury series spec homes sold under our Terrata Homes brand. Retail homes sold under both our LGI Homes brand and Terrata Homes brand focus on providing move-in ready homes with standardized features within favorable markets that meet certain demographic and economic conditions. Our LGI Homes brand primarily markets to entry-level