Ticker
Reporting Basis
Period
From
To
Form Type
Report Format
Update Type

MERITAGE HOMES   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Financial Services-Revenue31.1625.2523.4821.2119.1016.4615.1614.2012.5111.38
Home closing revenue6,341.556,056.786,207.505,094.874,464.393,604.633,474.713,186.783,003.432,531.56
Land closing revenue22.3356.2361.2325.2417.7345.8538.7140.0025.8036.53
Total Revenue6,395.046,138.266,292.205,141.324,501.223,666.943,528.583,240.983,041.732,579.46
Cost of home closings4,761.704,554.674,434.483,676.503,483.982,923.972,842.762,624.642,474.582,049.64
Cost of land closings18.3151.7949.6526.3238.5346.9041.5035.6423.4329.74
Home impairments--------------------
Land impairments--------------------
Real estate impairments--------------------
Home closing gross profit1,579.841,502.111,773.021,418.38980.41680.66631.95562.14528.84481.92
Land closing gross profit4.024.4411.58(1.08)(20.79)(1.05)(2.80)4.362.376.79
Financial Services gross profit31.1625.2523.4821.2119.1016.4615.1614.2012.5111.38
General and administrative expenses230.86231.72192.98181.45159.02146.09138.48124.04123.80112.85
Commissions and other sales costs409.07384.91323.27285.40287.90246.73241.90221.65215.09188.42
Financial Services-Expense(14.66)(12.13)(11.13)(9.18)(7.80)(6.78)(6.45)(6.01)(5.59)(5.20)
Financial Services- Earnings from financial services unconsolidated entities and other, net(2.10)(0.66)5.956.015.0910.9015.3413.8614.9813.10
Interest expense----0.040.322.188.370.793.855.1715.97
Goodwill and related impairments--------------------
Earnings from unconsolidated entities, net------------0.602.104.06(0.34)
Other income (loss) net45.1647.952.714.866.669.5810.626.414.95(0.95)
Income (Loss) on extinguishment of debt(0.63)(0.91)--(18.19)--(5.64)------0.00
Earnings/(loss) before income taxes1,002.87949.431,289.32954.83533.57302.95283.25247.52218.06189.46
Current taxes:Federal--170.31246.08180.4799.1741.0237.9376.9955.5553.51
Current taxes:State--41.8454.5839.9321.0111.649.168.017.082.73
Deferred taxes:Federal--(1.89)(4.57)(4.03)(9.73)(0.01)6.6918.924.06(1.65)
Deferred taxes:State--0.431.051.02(0.37)0.632.150.351.836.14
Provision (benefit) for income taxes216.68210.68297.13217.39110.0953.2855.92104.2668.5260.73
Earnings before extraordinary items--------------------
Extraordinary items, net of tax effects--------------------
Net income/(loss) allocable to common shares786.19738.75992.19737.44423.48249.66227.33143.26149.54128.74
Earnings before extraordinary items--------------------
Earnings Per Share (Basic) - Extras--------------------
Earnings per common share:Basic10.8510.0913.529.815.623.282.841.781.871.63
Earnings before extraordinary items--------------------
Earnings Per Share (Diluted) - Extras--------------------
Earnings per common share:Diluted10.729.9713.379.655.503.212.791.711.781.55
Weighted average number of shares:Basic72.4873.2473.3975.2275.4476.2080.2180.5779.9579.19
Weighted average number of shares:Diluted73.3374.1474.2076.4776.9777.7881.4684.4685.1784.33