Below are the financial statements of M/I Homes, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Cash, cash equivalents and restricted cash | 821.57a | 732.8a |
| Mortgage loans held for sale | 283.54a | 176.33a |
| Inventory | 3,091.86a | 2,797.15a |
| Property and equipment - net | 34.51a | 34.92a |
| Investment in joint venture arrangements | 65.33a | 44.01a |
| Operating lease right-of-use assets | 53.9a | 56.36a |
| Deferred income tax asset | 13.45a | 16.09a |
| Goodwill | 16.4a | 16.4a |
| Other assets | 169.23a | 148.37a |
| Total assets | 4,549.8a | 4,022.44a |
| Liabilities and shareholders’ equity | — | — |
| Liabilities | — | — |
| Accounts payable | 198.58a | 204.68a |
| Customer deposits | 69.33a | 85.13a |
| Operating lease liabilities | 55.37a | 57.57a |
| Other liabilities | 281.02a | 252.3a |
| Community development district obligations | 12.84a | 19.34a |
| Obligation for consolidated inventory not owned | 11.81a | 26.9a |
| Notes payable bank - financial services operations | 286.16a | 165.84a |
| Senior notes due 2028 - net | 397.65a | 396.88a |
| Senior notes due 2030 - net | 297.37a | 296.87a |
| Total liabilities | 1,610.12a | 1,505.5a |
| Commitments and contingencies | 0a | 0a |
| Shareholders’ equity | — | — |
| Common shares | 0.3a | 0.3a |
| Additional paid-in capital | 348.71a | 349.91a |
| Retained earnings | 2,865.07a | 2,301.35a |
| Treasury shares - at cost | -274.4a | -134.62a |
| Total shareholders’ equity | 2,939.68a | 2,516.94a |
| Total liabilities and shareholders’ equity | 4,549.8a | 4,022.44a |
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