Meritage Homes
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Meritage Homes generated cash of $355,572,000, which is less than the previous year. Cash used in financing activities reached the amount of -$252,283,000 last year. Net change in cash is therefore $59,666,000.
Cash Flow
| 2014 | -211.24M | -62.86M | 103.31M |
|---|---|---|---|
| 2015 | -3.33M | -16.48M | 178.69M |
| 2016 | -103.40M | -20.10M | -6.99M |
| 2017 | -87.13M | -17.07M | 143.24M |
| 2018 | 262.2M | -33.52M | -87.95M |
| 2019 | 346.82M | -13.48M | -325.33M |
| 2020 | 530.36M | -18.23M | -85.97M |
| 2021 | -152.09M | -26.82M | 51.62M |
| 2022 | 405.27M | -32.28M | -129.75M |
| 2023 | 355.57M | -43.62M | -252.28M |
MTH Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 861.56M | 618.33M | 745.62M | 319.46M | 311.46M | 170.74M | 131.70M | 262.20M | 103.33M | 274.13M |
Operating activities | ||||||||||
Net income | 738.74M | 992.19M | 737.44M | 423.47M | 249.66M | 227.33M | 143.25M | 149.54M | 128.73M | 142.24M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 25.33M | 24.74M | 26.24M | 31.05M | 27.92M | 26.96M | 16.70M | 15.97M | 14.24M | 11.61M |
Stock-based compensation expense | 22.51M | 22.33M | 20.06M | 19.99M | 19.60M | 0 | 12.05M | 13.74M | 15.78M | 12.21M |
| Deferred income tax benefit | 22.51M | 22.33M | 20.06M | 19.99M | 19.60M | 0 | 12.05M | 13.74M | 15.78M | 12.21M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 0 | -102.95M | -65.11M | -88.94M | -42.65M | 3.04M | -17.77M | -17.51M | -7.08M | -25.03M |
Inventories | 0 | -624.52M | -948.05M | -40.08M | 3.62M | -19.42M | -301.47M | -311.42M | -209.40M | -338.59M |
Accounts payable | 22.60M | 76.98M | 948.05M | 88.94M | 42.65M | -376K | 8.12M | 43.37M | 31.88M | 14.68M |
Cash generated by operating activities | 355.57M | 405.27M | -152.09M | 530.36M | 346.82M | 262.2M | -87.13M | -103.40M | -3.33M | -211.24M |
Investing activities | ||||||||||
Purchases Of Investments | -750K | -1.03M | -2.79M | -2.48M | -754K | -1.18M | -1.40M | -746K | -1.55M | -35.81M |
Investments In Property Plant And Equipment | -38.19M | -26.97M | -25.66M | -19.93M | -24.38M | -33.41M | -18.09M | -16.66M | -16.09M | -20.78M |
Acquisitions Net | -5.99M | -5.79M | -1.70M | -5K | -1.11M | -808K | -670K | -7.24M | -481K | -131.19M |
Cash generated by investing activities | -43.62M | -32.28M | -26.82M | -18.23M | -13.48M | -33.52M | -17.07M | -20.10M | -16.48M | -62.86M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 232K | 0 | 110.42M |
Payments for dividends | -39.53M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | -59.06M | -109.30M | -60.99M | -69.59M | -16.03M | -100M | 0 | 0 | 0 | 0 |
Repayments of term debt | -153.68M | -20.45M | -331.27M | -16.37M | -309.29M | -190.75M | 147.33M | -21.27M | 176.77M | -10.44M |
Cash used in financing activities | -252.28M | -129.75M | 51.62M | -85.97M | -325.33M | -87.95M | 143.24M | -6.99M | 178.69M | 103.31M |
Net Change In Cash | 59.66M | 243.22M | -127.28M | 426.15M | 8M | 140.72M | 39.04M | -130.50M | 158.87M | -170.80M |
Cash at end of period | 921.22M | 861.56M | 618.33M | 745.62M | 319.46M | 311.46M | 170.74M | 131.70M | 262.20M | 103.33M |
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