Meritage Homes CORP company info

CIK 833079
IRS Number 860611231
State of incorporation MD
Business address 8800 EAST RAINTREE DRIVE
SUITE 300
SCOTTSDALE
AZ
85260
Mail address 8800 EAST RAINTREE DRIVE
SUITE 300
SCOTTSDALE
AZ
85260

Short summary

Meritage Homes CORP is a Arizona company, with head office located at 8800 East Raintree Drive Scottsdale, Arizona 85260. The company achieved a record breaking net income last year - 227.33 million USD. This is 58.69% higher than one reported in 2017. In 2018 the company owned a total of 3.40 billion USD worth of assets. An analysis of the recent trend shows a steady growth of company assets, with a 0.03% growth from the last year and a 177.04% increase in the 8 year period.

Meritage Homes CORP Income Statement

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Gross Profit 4.05167.70141.11218.20396.42452.62488.71531.21566.50
Operating Income (Loss) 51.5422.9477.80209.41224.52
Interest expense 36.5333.7230.4024.2415.095.1615.975.173.850.79
Other Nonoperating Income (Expense) 2.423.302.16-6.342.796.57-0.954.956.4110.62
Income Tax Expense (Benefit) -88.34-4.670.73-76.3153.2166.1860.7368.52104.2655.92
Net income -66.467.15-21.11105.16124.46142.24128.74149.54143.26227.33

Meritage Homes CORP Balance Sheet

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Cash and cash equivalents 205.92156.67167.5781.83218.02230.63217.02128.17216.74169.43327.50
Property, Plant and Equipment, Gross 47.3044.2753.1266.4973.4781.0690.79137.97
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 33.8128.5531.0234.0839.5047.8557.1683.37
Goodwill 010.2532.963332.9632.9633
Intangible Assets, Net (Excluding Goodwill) 1.811.41
Total assets 1,225.771,243.841,767.482,192.682,586.672,761.163,200.693,394.893,395.87
Standard Product Warranty Accrual 25.9321.2421.8420.8821.9922.7023.6223.7023.20
Long-term Debt 726.33905.06
Total liabilities 726.97747.181,016.801,172.361,418.331,434.351,708.251,711.951,652.80
Common Stock, Value, Issued 0.400.410.360.390.400.400.400.410.38
Retained Earnings (Accumulated Deficit) 213.45201.69343.79488.53615.84759.90913.741,088.971,244.01

Meritage Homes CORP Cash Flow

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Net income -66.467.15-21.11105.16124.46142.24128.74149.54143.26227.33
Depreciation and amortization 8.847.977.188.209.9311.61
Depreciation 10.4012.7014.3015.9016.30
Depreciation and amortization 9.9311.6114.2415.9816.7026.97
Deferred Income Tax Expense (Benefit) 00-75.848.196.584.495.9019.278.83
Inventories -98.4568.9189.66299.19263.89338.59209.41311.43301.4819.43
Net Cash Provided by (Used in) Operating Activities 184.0732.55-74.14-220.49-86.28-211.25-3.34-103.40-87.13262.20
Payments to Acquire Property, Plant, and Equipment 3.616.397.0810.8615.7820.7916.0916.6618.1033.42
Payments to Acquire Businesses, Net of Cash Acquired 0018.62130.6800
Net Cash Provided by (Used in) Investing Activities -145.42-174.52141.1823.841.03-62.87-16.49-20.11-17.07-33.53
Net Cash Provided by (Used in) Investing Activities, Continuing Operations 23.841.03-62.87-16.49
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 14.322.062.614.2711.601.042.890.2300
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 14.322.062.614.2711.601.042.890.2300
Proceeds from Issuance of Common Stock 0087.110110.4200
Payments for Repurchase of Common Stock 00100
Net Cash Provided by (Used in) Financing Activities 4.75-3.412.61193.49188.92103.31178.70-7.00143.25-87.95
Cash and Cash Equivalents, Period Increase (Decrease) 43.41-145.3869.66-3.16103.68-170.80158.88-130.5139.04140.72