Meritage Homes Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	775.16	651.56	921.23	861.56	618.34
Cash & Short-Term Investments	775.16	651.56	921.23	861.56	618.34
Cash Growth	18.97%	-29.27%	6.93%	39.34%	-17.07%
Other Receivables	306.96	256.28	266.97	215.02	147.55
Receivables	306.96	256.28	266.97	215.02	147.55
Inventory	5,987	5,729	4,721	4,358	3,734
Prepaid Expenses	126.33	111.69	129.05	108.8	67.18
Other Current Assets	174.17	192.41	111.36	76.73	90.68
Total Current Assets	7,370	6,941	6,150	5,620	4,658
Property, Plant & Equipment	103.63	100.23	100.23	57.76	58.38
Long-Term Investments	57.27	28.74	17.17	11.75	5.76
Goodwill	32.96	32.96	32.96	32.96	32.96
Long-Term Deferred Tax Assets	53.29	54.52	47.57	45.45	40.67
Long-Term Deferred Charges	5.4	5.5	5.3	3.8	3.6
Other Long-Term Assets	-	-	-	-	8.01
Total Assets	7,622	7,163	6,353	5,772	4,808
Accounts Payable	200.68	212.48	271.65	273.27	216.01
Accrued Expenses	286.35	339.22	307.8	277.08	247.55
Current Portion of Leases	10.52	-	-	-	-
Current Income Taxes Payable	14.21	24.48	25.57	25.18	37.3
Other Current Liabilities	26.68	32.69	37.36	35.58	26.26
Total Current Liabilities	538.43	608.87	642.37	611.1	527.12
Long-Term Debt	1,829	1,336	1,008	1,151	1,160
Long-Term Leases	49.95	55.83	54.04	22.78	26.17
Long-Term Unearned Revenue	9.21	20.51	36.61	37.96	42.61
Other Long-Term Liabilities	-	-	-	-	7.21
Total Liabilities	2,427	2,021	1,741	1,822	1,763
Common Stock	0.68	0.36	0.36	0.37	0.37
Additional Paid-In Capital	-	143.04	290.96	327.88	414.84
Retained Earnings	5,195	4,998	4,321	3,621	2,629
Shareholders' Equity	5,196	5,142	4,612	3,950	3,044
Total Liabilities & Equity	7,622	7,163	6,353	5,772	4,808
Total Debt	1,890	1,392	1,062	1,173	1,186
Net Cash (Debt)	-1,114	-740.15	-141.03	-311.87	-567.87
Net Cash Per Share	-15.62	-10.09	-1.90	-4.20	-7.43
Filing Date Shares Outstanding	66.8	71.77	72.34	73.14	73.88
Total Common Shares Outstanding	68.17	71.92	72.85	73.14	74.68
Working Capital	6,831	6,332	5,508	5,009	4,131
Book Value Per Share	76.22	71.49	63.31	54.00	40.76
Tangible Book Value	5,163	5,109	4,579	3,917	3,011
Tangible Book Value Per Share	75.73	71.03	62.85	53.55	40.32
Machinery	122.8	116.58	122.73	123.26	123.92
Order Backlog	440.56	629.55	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.