Company: LGIH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001580670-25-000016
Chunk: 34

Company: LGI Homes, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 34
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 sales are to external customers. Operating results for each segment may not be indicative of the results for such segment had it been an independent, stand-alone entity for the periods presented.

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Our Chief Executive Officer and Chairman of the Board and our President and Chief Operating Officer have been determined to be our chief operating decision-makers (“CODMs”). The CODMs primarily evaluate the segments’ operating performance and allocate resources for all of our reportable segments based on net income before income taxes. For all of the segments, the CODMs use segment income before income tax expense in the annual budget and forecasting process. These operating results are reviewed against actual and forecasted figures, with income before income taxes being the key operating metric used to measure profit or loss. Financial information relating to our reportable segments was as follows (in thousands):For the Year Ended December 31,202420232022Revenues:Central$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 Total home sales revenues$2,202,598 $2,358,580 $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 Sou