$LGIH
LGI Homes, Inc. Stock $lgih

$lgih Overview Financials Valuation SEC Filings Company Website

2015 Q2 Form 10-Q Financial Statement

#000158067015000095 Filed on August 05, 2015

Income Statement

Concept	2015 Q2	2014 Q2
Revenue	$158.8M	$106.4M
YoY Change	49.26%	184.99%
Cost Of Revenue	$116.3M	$78.02M
YoY Change	49.01%	196.36%
Gross Profit	$42.57M	$28.40M
YoY Change	49.93%	178.56%
Gross Profit Margin	26.8%	26.68%
Selling, General & Admin	$21.34M	$14.52M
YoY Change	46.91%	123.02%
% of Gross Profit	50.12%	51.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$200.0K	$100.0K
YoY Change	100.0%	0.0%
% of Gross Profit	0.47%	0.35%
Operating Expenses	$21.34M	$14.52M
YoY Change	46.91%	123.02%
Operating Profit	$21.24M	$13.87M
YoY Change	53.08%	169.17%
Interest Expense	$0.00	$0.00
YoY Change		-100.0%
% of Operating Profit	0.0%	0.0%
Other Income/Expense, Net	$0.00	$0.00
YoY Change		-100.0%
Pretax Income	$21.25M	$13.90M
YoY Change	52.8%	172.52%
Income Tax	$7.269M	$4.867M
% Of Pretax Income	34.21%	35.0%
Net Earnings	$13.98M	$0.00
YoY Change		-100.0%
Net Earnings / Revenue	8.8%	0.0%
Basic Earnings Per Share	$0.70	$0.44
Diluted Earnings Per Share	$0.66	$0.43
COMMON SHARES
Basic Shares Outstanding	19.91M shares	20.76M shares
Diluted Shares Outstanding	21.25M shares	20.87M shares

Balance Sheet

Concept	2015 Q2	2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$49.70M	$42.90M
YoY Change	15.85%	182.24%
Cash & Equivalents	$49.75M	$42.85M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$407.1M	$220.6M
Prepaid Expenses
Receivables	$14.80M	$9.200M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$471.6M	$272.7M
YoY Change	72.94%	301.03%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.076M	$1.195M
YoY Change	73.72%	32.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$7.900M	$13.80M
YoY Change	-42.75%	236.59%
Total Long-Term Assets	$31.55M	$31.41M
YoY Change	0.46%	166.14%
TOTAL ASSETS
Total Short-Term Assets	$471.6M	$272.7M
Total Long-Term Assets	$31.55M	$31.41M
Total Assets	$503.1M	$304.1M
YoY Change	65.45%	281.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$24.70M	$19.40M
YoY Change	27.32%	203.13%
Accrued Expenses	$19.50M	$4.000M
YoY Change	387.5%	33.33%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due		$93.90M
YoY Change		330.73%
Total Short-Term Liabilities	$49.70M	$119.5M
YoY Change	-58.41%	281.79%
LONG-TERM LIABILITIES
Long-Term Debt	$239.9M	$0.00
YoY Change		-100.0%
Other Long-Term Liabilities	$6.500M	$5.600M
YoY Change	16.07%
Total Long-Term Liabilities	$246.4M	$5.600M
YoY Change	4300.0%	330.77%
TOTAL LIABILITIES
Total Short-Term Liabilities	$49.70M	$119.5M
Total Long-Term Liabilities	$246.4M	$5.600M
Total Liabilities	$298.1M	$125.1M
YoY Change	138.32%	162.22%
SHAREHOLDERS EQUITY
Retained Earnings	$57.00M	$20.74M
YoY Change	174.82%
Common Stock	$209.0K	$208.0K
YoY Change	0.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$16.55M
YoY Change
Treasury Stock Shares	1.000M shares
Shareholders Equity	$205.1M	$179.0M
YoY Change
Total Liabilities & Shareholders Equity	$503.1M	$304.1M
YoY Change	65.45%	281.08%

Cashflow Statement

Concept	2015 Q2	2014 Q2
OPERATING ACTIVITIES
Net Income	$13.98M	$0.00
YoY Change		-100.0%
Depreciation, Depletion And Amortization	$200.0K	$100.0K
YoY Change	100.0%	0.0%
Cash From Operating Activities	$3.600M	-$26.10M
YoY Change	-113.79%	210.71%
INVESTING ACTIVITIES
Capital Expenditures	-$200.0K	-$200.0K
YoY Change	0.0%	0.0%
Acquisitions
YoY Change
Other Investing Activities		$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$200.0K	-$200.0K
YoY Change	0.0%	-71.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	7.400M	43.50M
YoY Change	-82.99%	163.64%
NET CHANGE
Cash From Operating Activities	3.600M	-26.10M
Cash From Investing Activities	-200.0K	-200.0K
Cash From Financing Activities	7.400M	43.50M
Net Change In Cash	10.80M	17.20M
YoY Change	-37.21%	132.43%
FREE CASH FLOW
Cash From Operating Activities	$3.600M	-$26.10M
Capital Expenditures	-$200.0K	-$200.0K
Free Cash Flow	$3.800M	-$25.90M
YoY Change	-114.67%	215.85%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
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	us-gaap	Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation	-25000	USD
CY2014Q4	lgih	Inventory Related Obligations InventoryRelatedObligations	7275000	USD
CY2015Q2	lgih	Inventory Related Obligations InventoryRelatedObligations	11972000	USD
	dei	Document Period End Date DocumentPeriodEndDate	2015-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001580670
CY2015Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	19908482	shares
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	LGI Homes, Inc.
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	lgih	Convertible Notes Amount In Multiples That May Be Converted ConvertibleNotesAmountInMultiplesThatMayBeConverted	1000	USD
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	lgih	Landunder Purchase Options Recorded Purchase Contracts To Deliver Finished Lots LandunderPurchaseOptionsRecordedPurchaseContractsToDeliverFinishedLots	4300000	USD
CY2014Q4	lgih	Lettersof Credit And Surety Bonds LettersofCreditAndSuretyBonds	7700000	USD
CY2015Q2	lgih	Lettersof Credit And Surety Bonds LettersofCreditAndSuretyBonds	17300000	USD
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CY2013Q4	lgih	Related Party Consulting Agreement Period RelatedPartyConsultingAgreementPeriod	P3Y
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CY2015Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	503149000	USD
CY2014Q4	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	200000000	USD
CY2015Q2	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	225000000	USD
CY2014	us-gaap	Line Of Credit Facility Expiration Date1 LineOfCreditFacilityExpirationDate1	2017-04-28
	us-gaap	Line Of Credit Facility Expiration Date1 LineOfCreditFacilityExpirationDate1	2018-05-26
CY2015Q2	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	300000000	USD
CY2015Q2	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	58800000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	56797000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	20636000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-539000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-417000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-67476000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1842000	USD
CY2014Q2	us-gaap	Net Income Loss NetIncomeLoss	9037000	USD
	us-gaap	Net Income Loss NetIncomeLoss	13631000	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	13977000	USD
	us-gaap	Net Income Loss NetIncomeLoss	21679000	USD
CY2014Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	9037000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	13631000	USD
CY2015Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	14016000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	21869000	USD
CY2014Q4	us-gaap	Notes Payable NotesPayable	216099000	USD
CY2015Q2	us-gaap	Notes Payable NotesPayable	239931000	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	5	segment
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2014Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	13873000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	20936000	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	21237000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	32912000	USD
CY2014Q4	us-gaap	Other Assets OtherAssets	7515000	USD
CY2015Q2	us-gaap	Other Assets OtherAssets	9187000	USD
CY2014Q4	us-gaap	Other Liabilities OtherLiabilities	4416000	USD
CY2015Q2	us-gaap	Other Liabilities OtherLiabilities	6482000	USD
CY2014Q2	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	31000	USD
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	35000	USD
CY2015Q2	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	9000	USD
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	55000	USD
	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	539000	USD
	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	417000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1594000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1827000	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	60765000	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	177802000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-608000	USD
CY2013Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	630000	USD
CY2014Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	700000	USD
CY2014Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	825000	USD
CY2014Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	900000	USD
CY2015Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	900000	USD
CY2015Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1000000	USD
CY2014Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	59000	USD
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	161000	USD
CY2015Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	554000	USD
	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	1042000	USD
CY2014Q2	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	184000	USD
	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	356000	USD
CY2015Q2	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	654000	USD
CY2014Q2	us-gaap	Profit Loss ProfitLoss	9037000	USD
CY2015Q2	us-gaap	Profit Loss ProfitLoss	13977000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1610000	USD
CY2015Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2076000	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	2374000	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	154706000	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	35321000	USD
CY2015Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	57000000	USD
CY2014Q4	us-gaap	Retention Payable RetentionPayable	2696000	USD
CY2015Q2	us-gaap	Retention Payable RetentionPayable	1391000	USD
CY2014Q2	us-gaap	Revenues Revenues	106412000	USD
	us-gaap	Revenues Revenues	182332000	USD
CY2015Q2	us-gaap	Revenues Revenues	158826000	USD
	us-gaap	Revenues Revenues	279516000	USD
CY2014Q2	us-gaap	Selling Expense SellingExpense	9186000	USD
	us-gaap	Selling Expense SellingExpense	16549000	USD
CY2015Q2	us-gaap	Selling Expense SellingExpense	13393000	USD
	us-gaap	Selling Expense SellingExpense	24975000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	380000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	671000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	182499000	USD
CY2015Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	205062000	USD
CY2014Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	1000000	shares
CY2015Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	1000000	shares
CY2014Q4	us-gaap	Treasury Stock Value TreasuryStockValue	16550000	USD
CY2015Q2	us-gaap	Treasury Stock Value TreasuryStockValue	16550000	USD
CY2014Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20868910	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20867337	shares
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	21246875	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22536841	shares
CY2014Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20763449	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20763449	shares
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19908482	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19880569	shares

Files In Submission

Name	View Source	Status
0001580670-15-000095-index-headers.html	Edgar Link	pending
0001580670-15-000095-index.html	Edgar Link	pending
0001580670-15-000095.txt	Edgar Link	pending
0001580670-15-000095-xbrl.zip	Edgar Link	pending
a06301510q.htm	Edgar Link	pending
a063015ex311.htm	Edgar Link	pending
a063015ex312.htm	Edgar Link	pending
a063015ex321.htm	Edgar Link	pending
a063015ex322.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
lgih-20150630.xml	Edgar Link	completed
lgih-20150630.xsd	Edgar Link	pending
lgih-20150630_cal.xml	Edgar Link	unprocessable
lgih-20150630_def.xml	Edgar Link	unprocessable
lgih-20150630_lab.xml	Edgar Link	unprocessable
lgih-20150630_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$LGIH
LGI Homes, Inc. Stock $lgih

2015 Q2 Form 10-Q Financial Statement

#000158067015000095 Filed on August 05, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LGIH LGI Homes, Inc. Stock $lgih

2015 Q2 Form 10-Q Financial Statement

#000158067015000095 Filed on August 05, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LGIH
LGI Homes, Inc. Stock $lgih