Company: SDHC
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001982518-25-000007
Chunk: 21

Company: Smith Douglas Homes Corp.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 8
Chunk 21
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Balance December 31, 2022111,111$161,911 2,000$2,000 600$600 $164,511 Distributions—(78,600)—(80)—(108)(78,788)Net income—122,992 —80 —108 123,180 Balance December 31, 2023111,111$206,303 2,000$2,000 600$600 $208,903 Distributions—(16,259)—— —— (16,259)Net loss prior to Reorganization Transactions and IPO—(1,160)—— —— (1,160)Reorganization Transactions(111,111)(188,884)—— —— —$— 44,871,794$4 $— $— $4 $188,884 4 IPO and Related Transactions—— (2,000)(2,000)(600)(600)8,846,1541 (2,435,897)— 52,989 — 52,990 65,333 115,723 Increase in deferred tax asset from IPO and Related Transactions—— —— —— —— —— 858 — 858 — 858 Tax distributions—— —— —— —— —— — (651)(651)(23,041)(23,692)Equity-based compensation—— —— —— —— —— 4,361 — 4,361 — 4,361 Net income subsequent to Reorganization Transactions and IPO—— —— —— —— —— — 16,070 16,070 96,919 112,989 Balance December 31, 2024—$— —$— —$— 8,846,154$1 42,435,897$4 $58,208 $15,419 $73,632 $328,095 $401,727 See accompanying notes to consolidated financial statements.90

Table of contentsSMITH DOUGLAS HOMES CORP.Consolidated Statements of Cash FlowsYear Ended December 31,20242023(In thousands)Cash flows from operating activities:Net income$111,829 $123,180 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation1,825 1,081 Accru