Company: LGIH
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001580670-25-000076
Chunk: 14

Company: LGI Homes, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 entities8,641 — Net cash provided by (used in) investing activities14,306 (6,641)Cash flows from financing activities:Proceeds from notes payable594,644 507,666 Payments on notes payable(323,000)(214,000)Payments on financing arrangements(24,229)(60,274)Loan issuance costs(5,507)(97)Proceeds from sale of stock, net of offering expenses2,956 4,018 Stock repurchase(23,639)(18,000)Net cash provided by financing activities221,225 219,313 Net increase in cash and cash equivalents8,782 11,925 Cash and cash equivalents, beginning of period53,197 48,978 Cash and cash equivalents, end of period$61,979 $60,903 

See accompanying notes to the consolidated financial statements.

8

LGI HOMES, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1.     ORGANIZATION AND BASIS OF PRESENTATION

Organization and Description of the BusinessLGI Homes, Inc., a Delaware corporation (the “Company”, “we,” “us,” or “our”), is headquartered in The Woodlands, Texas.  We engage in the development of communities and the design, construction and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia, Pennsylvania, Maryland and Utah. 

Basis of Presentation The unaudited consolidated financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. These financial statements should be read in conjunction with the consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments that are of a normal recurring nature and necessary for the fair presentation of our results for the interim periods presented. Results for interim periods are not necessarily indicative of results to be expected for the full year.The accompanying unaudited financial statements as of September 30,