M/I Homes Cash Flow Statement

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
Net Income	402.94	563.73	465.37	490.66	396.87
Depreciation & Amortization	20.04	18.7	17.37	17.17	16.92
Stock-Based Compensation	17	14.56	11.37	8.79	8.56
Other Adjustments	40.27	4.37	-7.03	1.45	-18.84
Changes in Inventories	-313.47	-297.73	46.73	-348.65	-508.19
Changes in Accounts Payable	-17.39	-6.1	-23.92	-15.91	58.84
Changes in Accrued Expenses	-5.24	9.24	2.64	8.75	7.73
Changes in Unearned Revenue	-18.49	-15.8	-7.99	-14.75	35.23
Changes in Other Operating Activities	11.68	-111.23	47.6	36.56	-13.94
Operating Cash Flow	137.35	179.74	552.13	184.07	-16.82
Operating Cash Flow Growth	-23.58%	-67.45%	199.95%	-	-
Capital Expenditures	-9.61	-8.42	-5.77	-9.33	-25.3
Sale of Property, Plant & Equipment	-	-	-	-	8.57
Proceeds from Sale of Intangible Assets	7.06	7.62	10.7	0.2	15.42
Purchases of Investments	-59.2	-54.09	-23.56	-20.14	-51.62
Proceeds from Sale of Investments	2	-	-	1.89	1.21
Investing Cash Flow	-59.74	-54.9	-18.63	-27.38	-51.72
Short-Term Debt Issued	-	-	-	362	-
Short-Term Debt Repaid	-	-	-	-362	-
Long-Term Debt Issued	-	-	-	-4.55	300.48
Long-Term Debt Repaid	-	-	-	-	-250
Net Long-Term Debt Issued (Repaid)	-	-	-	-4.55	50.48
Issuance of Common Stock	8.35	21.29	33.8	1.37	11.24
Repurchase of Common Stock	-202.03	-176.95	-65.34	-55.33	-51.52
Net Common Stock Issued (Repurchased)	-193.68	-155.67	-31.55	-53.97	-40.28
Other Financing Activities	-16.31	119.59	-80.69	-23	33.9
Financing Cash Flow	-209.99	-36.07	-112.24	-81.52	44.1
Net Cash Flow	-132.38	88.77	421.26	75.17	-24.44
Free Cash Flow	127.74	171.32	546.36	174.74	-42.12
Free Cash Flow Growth	-25.44%	-68.64%	212.67%	-	-
FCF Margin	2.89%	3.80%	13.55%	4.23%	-1.12%
Free Cash Flow Per Share	4.67	5.99	19.03	6.14	-1.41
Levered Free Cash Flow	70.48	152.38	542.03	159.95	18.63
Unlevered Free Cash Flow	55.14	131.26	526.66	166.24	-23.09

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.