Meritage Homes CORP

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 $149.5m $143.3m $227.3m $249.7m $423.5m $737.4m $992.2m $738.7m $786.2m $453.0m
Depreciation, Depletion and Amortization $16.0m $16.7m $27.0m $27.9m $31.1m $26.2m $24.7m $25.3m $26.0m $25.3m
Depreciation $14.3m $15.9m $16.3m $17.3m $18.9m $15.3m $23.0m $23.5m $23.6m $21.7m
Deferred Income Tax Expense (Benefit) $5.9m $19.3m $8.8m $619k ($10.1m) ($3.0m) ($3.5m) ($1.5m) $9.6m $969k
Share-based Payment Arrangement, Noncash Expense $13.7m $12.1m $17.2m $19.6m $20.0m $20.1m $22.3m $22.5m $25.8m $19.7m
Share-based Payment Arrangement, Expense $13.7m $12.1m $17.2m $19.6m $20.0m $20.1m $22.3m $22.5m $25.8m $19.7m
Gain (Loss) on Extinguishment of Debt $278k $0 ($5.6m) $0 ($18.2m) $0 ($907k) ($631k) $0
Income (Loss) from Equity Method Investments $19.0m $16.0m $16.3m $11.9m $4.5m $4.7m $6.1m $6.4m $9.2m $4.0m
Income Tax Expense (Benefit) $68.5m $104.3m $55.9m $53.3m $110.1m $217.4m $297.1m $210.7m $216.7m $131.6m
Operating Lease, Expense $7.0m $7.7m $7.6m $7.8m $8.7m $9.8m $10.6m
Other Nonoperating Income (Expense) $5.0m $6.4m $10.6m $9.6m $6.7m $4.9m $2.7m $47.9m $45.2m $44.1m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories $311.4m $301.5m $19.4m ($3.6m) $40.1m $948.1m $624.5m $357.4m $979.3m $274.1m
General and Administrative Expense $123.8m $124.0m $138.5m $146.1m $159.0m $181.4m $193.0m $231.7m $230.9m $211.8m
Goodwill $33.0m $33.0m $33.0m $33.0m $33.0m $33.0m $33.0m $33.0m $33.0m $33.0m
Proceeds from Stock Options Exercised $232k $0 $0
Net Cash Provided by (Used in) Operating Activities ($103.4m) ($87.1m) $262.2m $346.8m $530.4m ($152.1m) $405.3m $355.6m ($227.6m) $118.3m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $16.7m $18.1m $33.4m $24.4m $19.9m $25.7m $27.0m $38.2m $28.7m $25.7m
Payments to Acquire Businesses, Net of Cash Acquired $0
Net Cash Provided by (Used in) Investing Activities ($20.1m) ($17.1m) ($33.5m) ($13.5m) ($18.2m) ($26.8m) ($32.3m) ($43.6m) ($44.1m) ($57.7m)
Cash flows from financing activities:
Proceeds from Issuance of Common Stock $0
Payments for Repurchase of Common Stock $100.0m $16.0m $69.6m $61.0m $109.3m $59.1m $125.9m $295.0m
Dividends paid $39.5m $108.6m $121.1m
Net Cash Provided by (Used in) Financing Activities ($7.0m) $143.2m ($88.0m) ($325.3m) ($86.0m) $51.6m ($129.8m) ($252.3m) $2.0m $63.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $8.0m $426.2m ($127.3m) $243.2m $59.7m ($269.7m) $123.6m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $319.5m $745.6m $618.3m $861.6m $921.2m $651.6m $775.2m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.8m $570k $4.2m $10.8m $355k ($249k) ($2.3m) ($1.5m)
Income Taxes Paid, Net $154.2m