$LGIH
LGI Homes, Inc. Stock $lgih

$lgih Overview Financials Valuation SEC Filings Company Website

2018 Q1 Form 10-Q Financial Statement

#000158067018000030 Filed on May 08, 2018

Income Statement

Concept	2018 Q1	2017 Q1
Revenue	$279.0M	$162.9M
YoY Change	71.27%	0.28%
Cost Of Revenue	$209.8M	$119.4M
YoY Change	75.66%	-1.39%
Gross Profit	$69.26M	$43.50M
YoY Change	59.22%	5.15%
Gross Profit Margin	24.82%	26.7%
Selling, General & Admin	$38.39M	$27.37M
YoY Change	40.25%	13.85%
% of Gross Profit	55.43%	62.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$180.0K	$211.0K
YoY Change	-14.69%	-42.35%
% of Gross Profit	0.26%	0.49%
Operating Expenses	$38.39M	$27.37M
YoY Change	40.25%	13.85%
Operating Profit	$30.87M	$16.13M
YoY Change	91.42%	-6.92%
Interest Expense	$0.00	$0.00
YoY Change
% of Operating Profit	0.0%	0.0%
Other Income/Expense, Net	$400.0K	$700.0K
YoY Change	-42.86%	40.0%
Pretax Income	$31.23M	$16.84M
YoY Change	85.41%	-5.54%
Income Tax	$3.925M	$5.062M
% Of Pretax Income	12.57%	30.06%
Net Earnings	$27.30M	$11.78M
YoY Change	131.77%	0.68%
Net Earnings / Revenue	9.78%	7.23%
Basic Earnings Per Share	$1.23	$0.55
Diluted Earnings Per Share	$1.10	$0.52
COMMON SHARES
Basic Shares Outstanding	22.19M shares	21.36M shares
Diluted Shares Outstanding	24.77M shares	22.79M shares

Balance Sheet

Concept	2018 Q1	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$52.00M	$31.60M
YoY Change	64.56%	-33.61%
Cash & Equivalents	$52.02M	$31.65M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$1.040B	$788.8M
Prepaid Expenses
Receivables	$21.70M	$17.20M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.114B	$837.6M
YoY Change	33.01%	34.58%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.647M	$1.947M
YoY Change	-15.41%	-2.21%
Goodwill	$12.02M	$12.02M
YoY Change	0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$25.80M	$11.60M
YoY Change	122.41%	24.73%
Total Long-Term Assets	$56.75M	$30.03M
YoY Change	89.02%	-2.06%
TOTAL ASSETS
Total Short-Term Assets	$1.114B	$837.6M
Total Long-Term Assets	$56.75M	$30.03M
Total Assets	$1.171B	$867.6M
YoY Change	34.95%	32.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$25.70M	$19.90M
YoY Change	29.15%	-2.93%
Accrued Expenses	$37.20M	$32.40M
YoY Change	14.81%	1.25%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$71.60M	$61.40M
YoY Change	16.61%	3.72%
LONG-TERM LIABILITIES
Long-Term Debt	$571.7M	$426.2M
YoY Change	34.14%	31.91%
Other Long-Term Liabilities	$8.600M	$5.700M
YoY Change	50.88%	35.71%
Total Long-Term Liabilities	$580.3M	$431.9M
YoY Change	34.36%	31.96%
TOTAL LIABILITIES
Total Short-Term Liabilities	$71.60M	$61.40M
Total Long-Term Liabilities	$580.3M	$431.9M
Total Liabilities	$651.9M	$494.4M
YoY Change	31.87%	26.91%
SHAREHOLDERS EQUITY
Retained Earnings	$303.8M	$175.0M
YoY Change	73.63%	75.22%
Common Stock	$236.0K	$226.0K
YoY Change	4.42%	5.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$16.55M	$16.55M
YoY Change	0.0%	0.0%
Treasury Stock Shares	1.000M shares	1.000M shares
Shareholders Equity	$518.9M	$373.2M
YoY Change
Total Liabilities & Shareholders Equity	$1.171B	$867.6M
YoY Change	34.95%	32.86%

Cashflow Statement

Concept	2018 Q1	2017 Q1
OPERATING ACTIVITIES
Net Income	$27.30M	$11.78M
YoY Change	131.77%	0.68%
Depreciation, Depletion And Amortization	$180.0K	$211.0K
YoY Change	-14.69%	-42.35%
Cash From Operating Activities	-$110.9M	-$47.18M
YoY Change	135.09%	347.41%
INVESTING ACTIVITIES
Capital Expenditures	-$200.0K	-$200.0K
YoY Change	0.0%	0.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$153.0K	-$171.0K
YoY Change	-10.53%	-7.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$700.0K	$4.930M
YoY Change	-85.8%	41.42%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$95.53M	$29.49M
YoY Change	224.0%	42.19%
NET CHANGE
Cash From Operating Activities	-$110.9M	-$47.18M
Cash From Investing Activities	-$153.0K	-$171.0K
Cash From Financing Activities	$95.53M	$29.49M
Net Change In Cash	-$15.55M	-$17.87M
YoY Change	-13.0%	-278.59%
FREE CASH FLOW
Cash From Operating Activities	-$110.9M	-$47.18M
Capital Expenditures	-$200.0K	-$200.0K
Free Cash Flow	-$110.7M	-$46.98M
YoY Change	135.66%	354.13%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2018Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2018Q1	dei	Entity Registrant Name EntityRegistrantName	LGI Homes, Inc.
CY2017Q1	lgih	Atm Program Maximum Authorized Amount ATMProgramMaximumAuthorizedAmount	25000000	USD
CY2017Q4	lgih	Commitment Under Land Purchase Option And Deposit Agreement CommitmentUnderLandPurchaseOptionAndDepositAgreement	460714000	USD
CY2018Q1	dei	Amendment Flag AmendmentFlag	false
CY2018Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2018Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2018Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2018Q1	dei	Document Period End Date DocumentPeriodEndDate	2018-03-31
CY2018Q1	dei	Document Type DocumentType	10-Q
CY2018Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001580670
CY2018Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	22615146	shares
CY2018Q1	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	25737000	USD
CY2018Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2018Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2017Q4	lgih	Refundable Land Deposits Of Purchase Contractsof Finished Lots RefundableLandDepositsOfPurchaseContractsofFinishedLots	8400000	USD
CY2018Q1	lgih	Refundable Land Deposits Of Purchase Contractsof Finished Lots RefundableLandDepositsOfPurchaseContractsofFinishedLots	11100000	USD
CY2017Q1	lgih	Shelf Registration Maximum Offering Price ShelfRegistrationMaximumOfferingPrice	300000000	USD
CY2017Q1	lgih	Stock Issued During Period Value New Issues Net StockIssuedDuringPeriodValueNewIssuesNet	4700000	USD
CY2017Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	12020000	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	49518000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	31648000	USD
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	67571000	USD
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CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-17870000	USD
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CY2017Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
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CY2018Q1	lgih	Inventory Related Obligation Term InventoryRelatedObligationTerm	P30Y
CY2017Q4	lgih	Inventory Related Obligations InventoryRelatedObligations	12906000	USD
CY2018Q1	lgih	Inventory Related Obligations InventoryRelatedObligations	13236000	USD
CY2017Q4	lgih	Lettersof Credit Surety Bondsand Other Financial Guarantees LettersofCreditSuretyBondsandOtherFinancialGuarantees	49700000	USD
CY2018Q1	lgih	Lettersof Credit Surety Bondsand Other Financial Guarantees LettersofCreditSuretyBondsandOtherFinancialGuarantees	52400000	USD
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CY2018Q1	lgih	Lots Under Purchase Options Recorded LotsUnderPurchaseOptionsRecorded	22063
CY2017Q1	lgih	Paymentof Offering Costs PaymentofOfferingCosts	69000	USD
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CY2017Q4	us-gaap	Common Stock Value CommonStockValue	228000	USD
CY2018Q1	us-gaap	Common Stock Value CommonStockValue	236000	USD
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CY2017Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	1650000	USD
CY2017Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	2450000	USD
CY2018Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	2600000	USD
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CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	276488000	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	303790000	USD
CY2017Q4	us-gaap	Retention Payable RetentionPayable	12025000	USD
CY2018Q1	us-gaap	Retention Payable RetentionPayable	9489000	USD
CY2017Q1	us-gaap	Revenues Revenues	162911000	USD
CY2018Q1	us-gaap	Revenues Revenues	279024000	USD
CY2017Q1	us-gaap	Selling Expense SellingExpense	16107000	USD
CY2018Q1	us-gaap	Selling Expense SellingExpense	22949000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1230000	USD
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1351000	USD
CY2017Q1	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	150000	shares
CY2018Q1	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments	-470000	USD
CY2018Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	700000	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	489846000	USD
CY2018Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	518910000	USD
CY2017Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	1000000	shares
CY2018Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	1000000	shares
CY2017Q4	us-gaap	Treasury Stock Value TreasuryStockValue	16550000	USD
CY2018Q1	us-gaap	Treasury Stock Value TreasuryStockValue	16550000	USD
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22787652	shares
CY2018Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	24772027	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21360167	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22188121	shares
CY2017Q1	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0	USD
CY2018Q1	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	164000	USD

Files In Submission

Name	View Source	Status
0001580670-18-000030-index-headers.html	Edgar Link	pending
0001580670-18-000030-index.html	Edgar Link	pending
0001580670-18-000030.txt	Edgar Link	pending
0001580670-18-000030-xbrl.zip	Edgar Link	pending
a03311810q.htm	Edgar Link	pending
a033118ex311.htm	Edgar Link	pending
a033118ex312.htm	Edgar Link	pending
a033118ex321.htm	Edgar Link	pending
a033118ex322.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
lgih-20180331.xml	Edgar Link	completed
lgih-20180331.xsd	Edgar Link	pending
lgih-20180331_cal.xml	Edgar Link	unprocessable
lgih-20180331_def.xml	Edgar Link	unprocessable
lgih-20180331_lab.xml	Edgar Link	unprocessable
lgih-20180331_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R45.htm	Edgar Link	pending
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

2018 Q1 Form 10-Q Financial Statement

#000158067018000030 Filed on May 08, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LGIH LGI Homes, Inc. Stock $lgih

2018 Q1 Form 10-Q Financial Statement

#000158067018000030 Filed on May 08, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LGIH
LGI Homes, Inc. Stock $lgih