LGI Homes (LGIH) FY2015 results: revenue $630 million, up 64.4% on the year
LGI Homes, Inc. (LGIH) reported revenue of $630 million for fiscal 2015, the year ended 31 December 2015, up 64.4% on the year before. Net income was $53 million, up 87.3%, and diluted earnings per share $2.44. The figures are the company's own, from the 10-K it filed with the SEC on 9 March 2016.
Revenue
$630 million
+64.4% on the year
FY2011FY2015
Operating margin
12.6%
11.1% a year earlier
FY2011FY2015
Net income
$53 million
+87.3% on the year
FY2011FY2015
Diluted EPS
$2.44
+83.5% on the year
FY2011FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
630
383
163
+64.4%
Cost of revenue
463
280
121
+65.2%
Gross profit
167
103
41.5
+62.4%
Gross margin
26.5%
26.8%
25.5%
Operating income
79.7
42.4
16.4
+88.0%
Operating margin
12.6%
11.1%
10.1%
Interest expense
0.0
0.0
0.1
Pre-tax income
80.3
43.1
22.8
+86.4%
Income tax
27.4
14.9
1.1
+84.6%
Effective tax rate
34.2%
34.5%
4.7%
Net income
52.8
28.2
22.3
+87.3%
Net margin
8.4%
7.4%
13.7%
Diluted EPS
$2.44
$1.33
n/a
+83.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
-89.2
-173
-54.5
Capital expenditure
1.1
1.2
0.7
-6.5%
Free cash flow
-90.3
-174
-55.2
Free cash flow margin
-14.3%
-45.5%
-33.9%
Cash from investing
-1.1
-16.4
-31.3
Cash from financing
96.5
167
133
-42.2%
Depreciation and amortisation
0.9
0.8
0.3
+7.0%
Share-based compensation
2.3
0.9
0.0
+164.4%
Buybacks
0.0
16.6
n/a
Diluted shares, weighted
22m
21m
n/a
+2.5%
Shares outstanding at period end
20m
20m
21m
+2.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
247
182
164
+35.6%
Debt
305
216
35.5
+40.9%
Other liabilities
66.8
39.5
21.1
+68.9%
Total liabilities and equity
619
438
221
+41.2%
Fixed assets
2.1
1.6
0.8
+30.9%
Cash and equivalents
37.6
31.4
54.1
+19.8%
Other assets
579
405
166
+42.9%
Total assets
619
438
221
+41.2%
10-K for the year ended 31 December 2015, filed 9 March 2016: the filing.