Meritage Homes Corporation (MTH)

Meritage Homes Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,012	651.56	921.23	861.56	618.34	745.62
Cash & Short-Term Investments	1,012	651.56	921.23	861.56	618.34	745.62
Cash Growth	11.75%	-29.27%	6.93%	39.34%	-17.07%	133.40%
Other Receivables	262.1	256.28	266.97	215.02	147.55	98.57
Receivables	262.1	256.28	266.97	215.02	147.55	98.57
Inventory	5,801	5,729	4,721	4,358	3,734	2,778
Prepaid Expenses	238.52	111.69	129.05	108.8	67.18	44.02
Other Current Assets	254.55	192.41	111.36	76.73	90.68	59.53
Total Current Assets	7,568	6,941	6,150	5,620	4,658	3,726
Property, Plant & Equipment	47.02	100.23	100.23	57.76	58.38	60.56
Long-Term Investments	31.29	28.74	17.17	11.75	5.76	4.35
Goodwill	-	32.96	32.96	32.96	32.96	32.96
Long-Term Deferred Tax Assets	54.15	54.52	47.57	45.45	40.67	36.04
Long-Term Deferred Charges	-	5.5	5.3	3.8	3.6	4.7
Other Long-Term Assets	-	-	-	-	8.01	-
Total Assets	7,700	7,163	6,353	5,772	4,808	3,864
Accounts Payable	229.85	212.48	271.65	273.27	216.01	175.25
Accrued Expenses	422.71	339.22	307.8	277.08	247.55	209.75
Current Portion of Leases	-	9.51	-	-	-	-
Current Income Taxes Payable	-	24.48	25.57	25.18	37.3	34.37
Other Current Liabilities	-	32.69	37.36	35.58	26.26	23.74
Total Current Liabilities	652.56	618.38	642.37	611.1	527.12	443.12
Long-Term Debt	1,835	1,336	1,008	1,151	1,160	1,020
Long-Term Leases	-	46.31	54.04	22.78	26.17	28.25
Long-Term Unearned Revenue	17.65	20.51	36.61	37.96	42.61	25.07
Other Long-Term Liabilities	-	-	-	-	7.21	-
Total Liabilities	2,505	2,021	1,741	1,822	1,763	1,517
Common Stock	0.72	0.36	0.36	0.37	0.37	0.38
Additional Paid-In Capital	103.93	143.04	290.96	327.88	414.84	455.76
Retained Earnings	5,090	4,998	4,321	3,621	2,629	1,892
Shareholders' Equity	5,195	5,142	4,612	3,950	3,044	2,348
Total Liabilities & Equity	7,700	7,163	6,353	5,772	4,808	3,864
Total Debt	1,835	1,392	1,062	1,173	1,186	1,048
Net Cash (Debt)	-823.62	-740.15	-141.03	-311.87	-567.87	-302.72
Net Cash Per Share	-11.27	-10.09	-1.90	-4.20	-7.43	-3.93
Filing Date Shares Outstanding	71.83	71.77	72.34	73.14	73.88	75.02
Total Common Shares Outstanding	71.83	71.92	72.85	73.14	74.68	75.02
Working Capital	6,915	6,322	5,508	5,009	4,131	3,283
Book Value Per Share	72.32	71.49	63.31	54.00	40.76	31.29
Tangible Book Value	5,195	5,109	4,579	3,917	3,011	2,315
Tangible Book Value Per Share	72.32	71.03	62.85	53.55	40.32	30.86
Machinery	-	116.58	122.73	123.26	123.92	135.81
Order Backlog	-	629.55	1,088	-	-	-

Updated Feb 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q