Meritage Homes Corporation (MTH)

Meritage Homes Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	831.56	921.23	861.56	618.34	745.62	319.47
Cash & Short-Term Investments	831.56	921.23	861.56	618.34	745.62	319.47
Cash Growth	-20.71%	6.93%	39.34%	-17.07%	133.40%	2.57%
Other Receivables	286.94	266.97	215.02	147.55	98.57	88.49
Receivables	286.94	266.97	215.02	147.55	98.57	88.49
Inventory	5,457	4,721	4,358	3,734	2,778	2,744
Prepaid Expenses	-	129.05	108.8	67.18	44.02	51.47
Other Current Assets	207.46	111.36	76.73	90.68	59.53	50.9
Total Current Assets	6,783	6,150	5,620	4,658	3,726	3,255
Property, Plant & Equipment	101.86	100.23	57.76	58.38	60.56	76.94
Long-Term Investments	18.22	17.17	11.75	5.76	4.35	4.44
Goodwill	32.96	32.96	32.96	32.96	32.96	32.96
Long-Term Deferred Tax Assets	51.15	47.57	45.45	40.67	36.04	25.92
Long-Term Deferred Charges	-	5.3	3.8	3.6	4.7	3.3
Other Long-Term Assets	116.2	-	-	8.01	-	-
Total Assets	7,103	6,353	5,772	4,808	3,864	3,398
Accounts Payable	287.4	271.65	273.27	216.01	175.25	155.02
Accrued Expenses	332.01	307.8	277.08	247.55	209.75	161.3
Current Portion of Leases	-	9.52	-	-	-	-
Current Income Taxes Payable	15.22	25.57	25.18	37.3	34.37	8.46
Other Current Liabilities	35.35	37.36	35.58	26.26	23.74	22.02
Total Current Liabilities	669.99	651.89	611.1	527.12	443.12	346.8
Long-Term Debt	1,314	1,008	1,151	1,160	1,020	1,019
Long-Term Leases	57.29	44.52	22.78	26.17	28.25	34.23
Long-Term Unearned Revenue	32.13	36.61	37.96	42.61	25.07	24.25
Other Long-Term Liabilities	-	-	-	7.21	-	-
Total Liabilities	2,074	1,741	1,822	1,763	1,517	1,424
Common Stock	0.36	0.36	0.37	0.37	0.38	0.38
Additional Paid-In Capital	176.93	290.96	327.88	414.84	455.76	505.35
Retained Earnings	4,852	4,321	3,621	2,629	1,892	1,468
Shareholders' Equity	5,030	4,612	3,950	3,044	2,348	1,974
Total Liabilities & Equity	7,103	6,353	5,772	4,808	3,864	3,398
Total Debt	1,372	1,062	1,173	1,186	1,048	1,053
Net Cash (Debt)	-539.98	-141.03	-311.87	-567.87	-302.72	-733.75
Net Cash Per Share	-14.69	-3.80	-8.41	-14.85	-7.87	-18.87
Filing Date Shares Outstanding	36.18	36.17	36.57	36.94	37.51	38.13
Total Common Shares Outstanding	36.18	36.43	36.57	37.34	37.51	38.2
Working Capital	6,113	5,498	5,009	4,131	3,283	2,908
Book Value Per Share	139.02	126.61	108.00	81.53	62.59	51.68
Tangible Book Value	4,997	4,579	3,917	3,011	2,315	1,941
Tangible Book Value Per Share	138.11	125.71	107.10	80.65	61.71	50.81
Machinery	-	122.73	123.26	123.92	135.81	143.21
Order Backlog	-	1,088	1,525	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.