← HOVNANIAN ENTERPRISES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($2.8m) | ($332.2m) | $4.5m | ($42.1m) | $50.9m | $607.8m | $225.5m | $205.9m | $242.0m | $63.9m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($2.8m) | ($332.2m) | $4.4m | ($42.1m) | $46.3m | $550.1m | $195.1m | $179.2m | $222.9m | $51.2m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | ($42.1m) | $50.9m | $607.8m | $225.5m | $205.9m | $242.0m | $63.9m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | $50.9m | $607.8m | $225.5m | — | — | — | |
| Depreciation, Depletion and Amortization | $3.6m | $4.2m | $3.2m | $4.2m | $5.3m | $5.3m | $5.5m | $8.8m | $7.7m | $13.9m | |
| Amortization of Debt Issuance Costs and Discounts | $12.8m | $13.9m | $8.8m | $8.1m | $1.9m | $242k | $376k | $1.6m | ($1.0m) | ($1.4m) | |
| Deferred Income Tax Expense (Benefit) | $6.9m | $285.6m | — | — | $0 | ($425.7m) | $80.9m | $42.0m | $61.8m | $11.4m | |
| Share-based Payment Arrangement, Noncash Expense | $2.9m | $557k | $3.7m | $721k | — | $7.7m | $10.3m | $14.2m | $25.3m | $16.7m | |
| Share-based Payment Arrangement, Expense | $2.9m | $600k | $3.7m | $700k | $2.8m | $7.7m | $10.3m | $14.2m | $25.3m | — | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | $900k | $0 | $0 | $0 | $0 | $0 | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $632k | $166k | $3.6m | $25k | $81k | ($92k) | $34k | $1.1m | $1.1m | $535k | |
| Gain (Loss) on Extinguishment of Debt | ($3.2m) | ($34.9m) | ($7.5m) | ($42.4m) | $13.3m | ($3.7m) | ($6.8m) | ($25.6m) | $1.4m | ($33.1m) | |
| Income (Loss) from Equity Method Investments | ($4.3m) | ($7.0m) | $24.0m | $28.9m | $16.6m | $8.8m | $29.0m | $43.2m | $52.3m | $46.4m | |
| Income Tax Expense (Benefit) | $5.3m | $286.9m | $3.6m | $2.4m | $4.5m | ($418.0m) | $94.3m | $50.1m | $75.1m | $22.2m | |
| Operating Lease, Expense | — | — | — | — | $10.5m | $10.5m | $10.5m | $11.1m | $11.5m | $11.5m | |
| Other Nonoperating Income (Expense) | ($4.9m) | ($1.5m) | — | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($328.1m) | ($255.4m) | $58.8m | $220.6m | ($87.9m) | $35.5m | $279.0m | ($278.7m) | $183.5m | ($91.6m) | |
| Payments of Financing Costs | — | — | — | — | — | — | — | — | $4.0m | $26.3m | |
| Other Operating Income (Expense), Net | — | — | ($1.6m) | ($1.6m) | ($1.1m) | ($1.7m) | ($2.4m) | $17.1m | $46.2m | $37.4m | |
| Net Cash Provided by (Used in) Operating Activities | $387.7m | $297.6m | ($66.8m) | ($249.1m) | $292.8m | $210.2m | $89.5m | $435.3m | $23.6m | $188.3m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $8.0m | $6.5m | $5.2m | $4.0m | $3.4m | $5.9m | $12.6m | $18.8m | $17.9m | $22.1m | |
| Net Cash Provided by (Used in) Investing Activities | ($49.0m) | ($27.2m) | $35.5m | ($8.3m) | $2.1m | $9.0m | ($2.2m) | ($78.2m) | ($46.5m) | ($66.0m) | |
| Cash flows from financing activities: | |||||||||||
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $12.2m | $4.8m | $26.5m | $30.2m | |
| Proceeds from Noncontrolling Interests | — | — | — | $683k | $0 | — | — | — | — | — | |
| Dividends paid | — | — | — | — | — | $0 | $10.7m | $10.7m | $10.7m | $10.7m | |
| Net Cash Provided by (Used in) Financing Activities | ($245.7m) | ($147.8m) | ($229.4m) | $206.7m | ($167.8m) | ($217.3m) | ($16.5m) | ($261.7m) | ($187.9m) | ($70.4m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $89.4m | $124.0m | ($260.8m) | ($50.7m) | $127.2m | $1.9m | $70.8m | $95.3m | ($210.8m) | $51.9m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $101.8m | $89.8m | $112.0m | $109.1m | $89.5m | $87.2m | $44.9m | $62.6m | $47.8m | $45.4m | |
| Income Taxes Paid, Net | ($1.4m) | $1.1m | $2.5m | $3.5m | $3.0m | $7.7m | $14.1m | $9.4m | $9.7m | $16.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.