Landsea Homes Corp Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020
Cash flows from operating activities:
Net (loss) income
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred tax liabilities
Interest earned on investments and marketable securities held in Trust Account
Depreciation and amortization
Loss on remeasurement of warrant liability
Stock-based compensation expense
Loss on modification or extinguishment of debt
Inventory impairments
Real estate inventories impairment and abandoned project costs
Distributions of earnings from unconsolidated joint ventures
Equity in net (income) loss of unconsolidated joint ventures
Write off of offering costs
Deferred taxes
Changes in operating assets and liabilities:
Prepaid expenses
Cash held in escrow
Real estate inventories
Due from affiliates
Notes receivable from lot sales
Other assets
Accounts payable
Accrued expenses and other liabilities
Franchise tax payable
Due to affiliates

Net cash provided by operating activities
Cash flows from investing activities:
Cash deposited in Trust Account
Withdrawal from Trust upon redemption of Class A common stock
Interest released from Trust Account
Purchases of property and equipment
Distributions of capital from unconsolidated joint ventures
Repayments of advances from unconsolidated joint ventures
Payments for business acquisition, net of cash acquired
Net cash used in investing activities

Cash flows from financing activities:
Proceeds from note payable to related parties
Proceeds from promissory note – related party
Redemption of Class A common stock
Borrowings from notes and other debts payable
Repayments of notes and other debts payable
Proceeds from Merger, net of fees and other costs
Cash paid for shares withheld for taxes
Payment for buyback of warrants
Repayment of convertible note
Repayments of land bank financing
Proceeds from exercise of stock options
Repurchases of common stock
Contributions from noncontrolling interests
Distributions to noncontrolling interests
Deferred offering costs paid
Debt issuance and extinguishment costs paid
Cash distributed to parent, net
Net cash provided by (used in) financing activities
Net decrease in cash
Cash and cash equivalents - beginning of the period
Cash and cash equivalents - end of the period
Change in Class A common stock subject to possible redemption
Cash paid for income taxes

Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year

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