LGI Homes (LGIH) FY2017 results: revenue $1.3 billion, up 50.1% on the year
LGI Homes, Inc. (LGIH) reported revenue of $1.3 billion for fiscal 2017, the year ended 31 December 2017, up 50.1% on the year before. Net income was $113 million, up 51.0%, and diluted earnings per share $4.73. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2018.
Revenue
$1.3 billion
+50.1% on the year
FY2011FY2017
Operating margin
13.5%
13.3% a year earlier
FY2011FY2017
Net income
$113 million
+51.0% on the year
FY2011FY2017
Diluted EPS
$4.73
+38.7% on the year
FY2011FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,258
838
630
+50.1%
Cost of revenue
938
617
463
+52.0%
Gross profit
320
222
167
+44.6%
Gross margin
25.5%
26.4%
26.5%
Operating income
170
111
79.7
+52.3%
Operating margin
13.5%
13.3%
12.6%
Interest expense
0.0
0.0
0.0
Pre-tax income
171
114
80.3
+50.8%
Income tax
58.1
38.6
27.4
+50.3%
Effective tax rate
33.9%
34.0%
34.2%
Net income
113
75.0
52.8
+51.0%
Net margin
9.0%
9.0%
8.4%
Diluted EPS
$4.73
$3.41
$2.44
+38.7%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
-68.5
-108
-89.2
Capital expenditure
0.5
0.7
1.1
-28.3%
Free cash flow
-69.0
-109
-90.3
Free cash flow margin
-5.5%
-13.0%
-14.3%
Cash from investing
-0.5
-0.7
-1.1
Cash from financing
87.0
121
96.5
-28.0%
Depreciation and amortisation
0.8
1.1
0.9
-27.4%
Share-based compensation
4.2
3.4
2.3
+23.3%
Buybacks
0.0
0.0
0.0
Diluted shares, weighted
24m
22m
22m
+8.7%
Shares outstanding at period end
22m
21m
20m
+2.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
490
355
247
+37.9%
Debt
475
400
305
+18.7%
Other liabilities
115
58.8
66.8
+95.2%
Total liabilities and equity
1,080
815
619
+32.6%
Fixed assets
1.7
2.0
2.1
-14.6%
Goodwill
12.0
12.0
n/a
0.0%
Cash and equivalents
67.6
49.5
37.6
+36.5%
Other assets
999
751
579
+33.0%
Total assets
1,080
815
619
+32.6%
10-K for the year ended 31 December 2017, filed 27 February 2018: the filing.