LGI Homes (LGIH) Financials

LGI Homes Inc (LGIH) is a leading residential homebuilder that specializes in affordable, entry-level homes for first-time buyers. The company's financials show a strong performance in recent years, with steady growth in revenue and profitability. According to the income statement, LGI Homes reported total revenue of $2.59 billion in the most recent fiscal year. This represents a significant increase from the previous year's revenue of $2.12 billion. The company's gross profit for the year was $513.6 million, with a gross profit margin of 19.8%.

Moving down the income statement, LGI Homes reported EBIT (earnings before interest and taxes) of $214.8 million, and EBITDA (earnings before interest, taxes, depreciation, and amortization) of $237.9 million. Net income attributable to stockholders was $150.4 million, reflecting a net income margin of 5.8%. These figures demonstrate LGI Homes' ability to generate substantial profits from its operations.

Examining the balance sheet, we can see that LGI Homes has a strong financial position. The company's total assets amounted to $2.13 billion, with total liabilities of $1.49 billion. This leaves LGI Homes with stockholders' equity of $637.5 million, which represents the residual value of the company's assets after deducting its liabilities. LGI Homes also has a manageable level of debt, with total debt of $850.2 million.

Looking at the cash flow statement, LGI Homes generated operating cash flow of $215.6 million in the latest fiscal year. This indicates that the company is able to generate cash from its core operations. LGI Homes also reported positive free cash flow of $40.3 million, which shows that the company has cash left over after paying for its capital expenditures. As for the company's financing and investing cash flows, the figures show that LGI Homes has been investing in the growth of its business and meeting its financial obligations.

In conclusion, LGI Homes Inc (LGIH) has exhibited strong financial performance, with steady growth in revenue and profitability. The company has a solid balance sheet, with sufficient assets to cover its liabilities. LGI Homes generates positive operating cash flow and has achieved positive free cash flow. These financial indicators point to a healthy and successful business model for LGI Homes in the residential homebuilding market.