Consumer Cyclical - Residential Construction - NYSE - US
$ 179.41
-1 %
$ 6.49 B
Market Cap
8.12
P/E
CASH FLOW STATEMENT
356 M
OPERATING CASH FLOW
-43.6 M
INVESTING CASH FLOW
-252 M
FINANCING CASH FLOW
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Meritage Homes Corporation
| Net Income | 739 M |
| Depreciation & Amortization | 25.3 M |
| Capital Expenditures | -38.2 M |
| Stock-Based Compensation | 22.5 M |
| Change in Working Capital | -436 M |
| Others | -454 M |
| Free Cash Flow | 317 M |
Cash Flow
Millions
| Dec-2023 | Dec-2022 | Dec-2021 | Dec-2020 | Dec-2019 | Dec-2018 | Dec-2017 | Dec-2016 | Dec-2015 | Dec-2014 | Dec-2013 | Dec-2012 | Dec-2011 | Dec-2010 | Dec-2009 | Dec-2008 | Dec-2007 | Dec-2006 | Dec-2005 | Dec-2004 | Dec-2003 | Dec-2002 | Dec-2001 | Dec-2000 | Dec-1999 | Dec-1998 | Dec-1997 | Dec-1996 | Dec-1995 | Dec-1994 | Dec-1993 | Dec-1992 | Dec-1991 | Dec-1990 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OPERATING CASH FLOW | ||||||||||||||||||||||||||||||||||
| Net Income | 738.7 | 992.2 | 737.4 | 423.5 | 249.7 | 227.3 | 143.3 | 149.5 | 128.7 | 142.2 | 124.5 | 105.2 | (21.1) | 7.2 | (66.5) | (291.9) | (288.9) | 225.4 | 255.7 | 139.0 | 94.4 | 69.9 | 50.7 | 35.8 | 18.9 | 24.0 | 14.2 | 0.3 | 1.1 | (4.5) | (25.9) | (19.1) | 8.0 | 10.8 |
| Depreciation & Amortization | 25.3 | 24.7 | 26.2 | 31.1 | 27.9 | 27.0 | 16.7 | 16.0 | 14.2 | 11.6 | 9.9 | 8.2 | 7.2 | 8.0 | 8.8 | 15.7 | 17.8 | 23.7 | 17.2 | 13.2 | 8.5 | 6.8 | 5.7 | 3.4 | 2.5 | 1.6 | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Income Tax | 0 | 0 | 18.5 | (0.9) | 7.1 | (2.7) | 19.7 | 1.0 | (2.0) | (2.3) | (8.7) | (78.0) | 22.5 | (4.9) | 124.8 | 118.6 | (112.3) | (49.0) | (6.0) | 0.6 | 1.5 | 89 K | (2.1) | 0.2 | 6.2 | 5.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Based Compensation | 22.5 | 22.3 | 20.1 | 20.0 | 19.6 | 17.2 | 12.1 | 13.7 | 15.8 | 12.2 | 9.5 | 8.3 | 7.4 | 5.4 | 6.2 | 5.5 | 9.0 | 11.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Operating Activities | 5.4 | 10.7 | (2.9) | 14.4 | 9.3 | 15.7 | 5.2 | 7.5 | 11.4 | 11.3 | 19.9 | 34.2 | (21.1) | 3.5 | (9.4) | 286.2 | 537.5 | 66.1 | 13.2 | 0.2 | (214.5) | (78.9) | (73.9) | (44.2) | (74.3) | (42.6) | (13.7) | 1.6 | 0 | 3.7 | 22.7 | 37.7 | 6.7 | 1.2 |
| Change in Working Capital | (436.5) | (644.7) | (951.4) | 42.3 | 33.2 | (22.2) | (284.1) | (291.1) | (171.5) | (386.4) | (241.3) | (298.4) | (69.0) | 13.5 | 120.0 | 65.9 | (183.8) | (299.7) | (207.9) | (92.8) | 53.1 | (3.6) | (0.3) | 11.1 | 10.3 | 6.8 | 5.7 | 0.5 | 0.2 | (0.2) | (0.3) | 100 K | (2.0) | 0.6 |
| Cash From Operations | 355.6 | 405.3 | (152.1) | 530.4 | 346.8 | 262.2 | (87.1) | (103.4) | (3.3) | (211.2) | (86.3) | (220.5) | (74.1) | 32.6 | 184.1 | 199.8 | (20.6) | (22.0) | 72.2 | 60.2 | (56.9) | (5.8) | (19.8) | 6.3 | (36.4) | (5.2) | 6.7 | 2.4 | 1.3 | (1.0) | (3.5) | 18.7 | 12.7 | 12.6 |
| INVESTING CASH FLOW | ||||||||||||||||||||||||||||||||||
| Capital Expenditures | (38.2) | (27.0) | (25.7) | (19.9) | (24.4) | (33.4) | (18.1) | (16.7) | (16.1) | (20.8) | (15.8) | (10.9) | (7.1) | (6.4) | (3.6) | (9.7) | (13.3) | (25.9) | (25.3) | (15.1) | (17.1) | (8.3) | (7.3) | (3.0) | (2.9) | (1.6) | (0.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Items | (5.4) | (5.3) | (1.2) | 1.7 | 10.9 | (0.1) | 1.0 | (3.4) | (0.4) | (42.1) | 16.8 | 34.7 | 148.3 | (168.1) | (141.8) | (13.6) | 3.7 | (31.9) | (222.1) | (66.7) | (12.1) | (134.5) | (65.8) | (5.2) | (7.0) | 0.5 | 11.2 | 18.0 | (0.5) | 100 K | 16.7 | 226.3 | 109.4 | 18.2 |
| Cash From Investing Activities | (43.6) | (32.3) | (26.8) | (18.2) | (13.5) | (33.5) | (17.1) | (20.1) | (16.5) | (62.9) | 1.0 | 23.8 | 141.2 | (174.5) | (145.4) | (23.3) | (9.7) | (57.7) | (247.4) | (81.8) | (29.2) | (142.8) | (73.0) | (8.2) | (9.9) | (1.1) | 11.1 | 18.0 | (0.5) | 100 K | 16.7 | 226.3 | 109.4 | 18.2 |
| FINANCING CASH FLOW | ||||||||||||||||||||||||||||||||||
| Common Stock Repurchased | (59.1) | (109.3) | (61.0) | (69.6) | (16.0) | (100.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 K | 0 | (105.4) | (14.4) | (35.4) | (5.2) | (17.1) | (0.2) | (9.1) | (1.9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt Repaid | (153.7) | (20.5) | 118.7 | (16.4) | (309.3) | 12.0 | 147.3 | (6.3) | 176.8 | (10.4) | 178.9 | 102.1 | 0 | (5.5) | 0 | (82.0) | 5.5 | 153.5 | 130.8 | 96.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (39.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.2) | (0.3) | (0.2) | (0.3) | 0 | (7.9) | (22.9) | (4.8) |
| Other Financing Activities | 0 | 0 | (6.1) | 0 | 0 | 0 | (4.1) | (0.7) | (1.0) | 113.8 | 10.0 | 0 | 0 | 1 | 0 | 0 | 0.3 | 8.9 | 1 | 0 | 84.3 | 151.9 | 91.9 | (7.1) | 47.3 | 10.4 | (24.9) | (7.8) | (4.0) | (8.2) | (11.1) | (229.8) | (97.0) | (27.8) |
| Cash From Financing Activities | (252.3) | (129.8) | 51.6 | (86.0) | (325.3) | (88.0) | 143.2 | (7.0) | 178.7 | 103.3 | 188.9 | 193.5 | 2.6 | (3.4) | 4.8 | 1.7 | 1.3 | 70.6 | 193.1 | 64.7 | 84.3 | 151.9 | 91.9 | (7.1) | 47.3 | 10.4 | (25.1) | (8.1) | (4.2) | (8.5) | (11.1) | (237.7) | (119.9) | (32.6) |
| CHANGE IN CASH | ||||||||||||||||||||||||||||||||||
| Net Change In Cash | 59.7 | 243.2 | (127.3) | 426.2 | 8.0 | 140.7 | 39.0 | (130.5) | 158.9 | (170.8) | 103.7 | (3.2) | 69.7 | (145.4) | 43.4 | 178.2 | (29.0) | (9.1) | 17.9 | 43.1 | (1.8) | 3.2 | (1.0) | (9.0) | 1.0 | 4.1 | (7.3) | 12.3 | (3.4) | (9.6) | 2.1 | 7.3 | 2.2 | (1.8) |
| FREE CASH FLOW | ||||||||||||||||||||||||||||||||||
| Free Cash Flow | 317.4 | 378.3 | (177.8) | 510.4 | 322.4 | 228.8 | (105.2) | (120.1) | (19.4) | (232.0) | (102.1) | (231.3) | (81.2) | 26.2 | 180.5 | 190.1 | (34.0) | (47.8) | 47.0 | 45.1 | (74.0) | (14.1) | (27.1) | 3.2 | (39.3) | (6.8) | 6.5 | 2.4 | 1.3 | (1.0) | (3.5) | 18.7 | 12.7 | 12.6 |