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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.
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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