LGI Homes (LGIH) FY2016 results: revenue $838 million, up 33.0% on the year
LGI Homes, Inc. (LGIH) reported revenue of $838 million for fiscal 2016, the year ended 31 December 2016, up 33.0% on the year before. Net income was $75 million, up 42.0%, and diluted earnings per share $3.41. The figures are the company's own, from the 10-K it filed with the SEC on 7 March 2017.
Revenue
$838 million
+33.0% on the year
FY2011FY2016
Operating margin
13.3%
12.6% a year earlier
FY2011FY2016
Net income
$75 million
+42.0% on the year
FY2011FY2016
Diluted EPS
$3.41
+39.8% on the year
FY2011FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
838
630
383
+33.0%
Cost of revenue
617
463
280
+33.1%
Gross profit
222
167
103
+32.8%
Gross margin
26.4%
26.5%
26.8%
Operating income
111
79.7
42.4
+39.9%
Operating margin
13.3%
12.6%
11.1%
Interest expense
0.0
0.0
0.0
Pre-tax income
114
80.3
43.1
+41.6%
Income tax
38.6
27.4
14.9
+40.8%
Effective tax rate
34.0%
34.2%
34.5%
Net income
75.0
52.8
28.2
+42.0%
Net margin
9.0%
8.4%
7.4%
Diluted EPS
$3.41
$2.44
$1.33
+39.8%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
-108
-89.2
-173
Capital expenditure
0.7
1.1
1.2
-35.4%
Free cash flow
-109
-90.3
-174
Free cash flow margin
-13.0%
-14.3%
-45.5%
Cash from investing
-0.7
-1.1
-16.4
Cash from financing
121
96.5
167
+25.3%
Depreciation and amortisation
1.1
0.9
0.8
+23.3%
Share-based compensation
3.4
2.3
0.9
+49.0%
Buybacks
0.0
0.0
16.6
Diluted shares, weighted
22m
22m
21m
+1.3%
Shares outstanding at period end
21m
20m
20m
+5.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
355
247
182
+43.6%
Debt
400
305
216
+31.5%
Other liabilities
58.8
66.8
39.5
-11.9%
Total liabilities and equity
815
619
438
+31.6%
Fixed assets
2.0
2.1
1.6
-7.0%
Goodwill
12.0
n/a
n/a
Cash and equivalents
49.5
37.6
31.4
+31.8%
Other assets
751
579
405
+29.7%
Total assets
815
619
438
+31.6%
10-K for the year ended 31 December 2016, filed 7 March 2017: the filing.