LGI Homes (LGIH) FY2021 results: revenue $3.1 billion, up 28.8% on the year
LGI Homes, Inc. (LGIH) reported revenue of $3.1 billion for fiscal 2021, the year ended 31 December 2021, up 28.8% on the year before. Net income was $430 million, up 32.6%, and diluted earnings per share $17.25. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2022.
Revenue
$3.1 billion
+28.8% on the year
FY2014FY2021
Operating margin
18.0%
15.4% a year earlier
FY2014FY2021
Net income
$430 million
+32.6% on the year
FY2014FY2021
Diluted EPS
$17.25
+35.2% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
21.7
202
-41.9
-89.3%
Capital expenditure
1.7
2.7
0.7
-35.8%
Free cash flow
20.0
199
-42.7
-90.0%
Free cash flow margin
0.7%
8.4%
-2.3%
Cash from investing
-70.4
-5.6
-1.8
Cash from financing
63.3
-199
35.4
Depreciation and amortisation
1.2
0.7
0.6
+62.5%
Share-based compensation
13.6
13.5
7.5
+0.6%
Buybacks
194
48.1
0.0
+303.0%
Diluted shares, weighted
25m
25m
25m
-1.9%
Shares outstanding at period end
24m
25m
25m
-4.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,396
1,139
845
+22.5%
Debt
805
538
691
+49.6%
Other liabilities
151
149
130
+1.4%
Total liabilities and equity
2,352
1,826
1,666
+28.8%
Fixed assets
16.9
3.6
1.6
+368.3%
Goodwill
12.0
12.0
12.0
0.0%
Cash and equivalents
50.5
35.9
38.3
+40.5%
Other assets
2,272
1,775
1,614
+28.1%
Total assets
2,352
1,826
1,666
+28.8%
10-K for the year ended 31 December 2021, filed 15 February 2022: the filing.