Meritage Homes Corporation (MTH)

Meritage Homes Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	541.63	786.19	738.75	992.19	737.44	423.48
Depreciation & Amortization	25.2	25.96	25.33	24.75	26.25	31.05
Loss (Gain) on Equity Investments	-1.25	-1.76	0.42	-0.19	0.29	-0.9
Stock-Based Compensation	21.28	25.81	22.51	22.33	20.07	20
Other Operating Activities	18.22	15.09	5.02	10.86	15.28	14.41
Change in Accounts Receivable	-45.37	39.78	-64.17	-102.95	-65.11	2.13
Change in Inventory	-668.64	-979.25	-357.41	-624.52	-948.06	-40.09
Change in Accounts Payable	-108.65	-41.93	22.61	76.99	76.16	88.94
Change in Unearned Revenue	-22.71	-16.09	-1.36	-4.65	17.54	0.83
Change in Other Net Operating Assets	6.04	-81.35	-36.14	10.46	-31.95	-9.48
Operating Cash Flow	-224.95	-227.58	355.57	405.27	-152.09	530.36
Operating Cash Flow Growth	-	-	-12.26%	-	-	52.92%
Capital Expenditures	-27.63	-28.66	-38.19	-26.97	-25.66	-19.93
Sale of Property, Plant & Equipment	0.27	0.26	0.42	0.48	0.55	0.7
Investment in Securities	-26.32	-15.68	-5.85	-5.8	-1.71	1
Investing Cash Flow	-53.68	-44.07	-43.62	-32.29	-26.82	-18.23
Long-Term Debt Issued	-	575	-	-	450	-
Long-Term Debt Repaid	-	-321.42	-153.68	-20.46	-331.28	-16.38
Net Debt Issued (Repaid)	484.59	253.58	-153.68	-20.46	118.72	-16.38
Repurchase of Common Stock	-185	-125.93	-59.07	-109.3	-60.99	-69.59
Common Dividends Paid	-118.73	-108.59	-39.53	-	-	-
Other Financing Activities	-4.86	-17.08	-	-	-6.1	-
Financing Cash Flow	176	1.98	-252.28	-129.76	51.63	-85.97
Net Cash Flow	-102.62	-269.67	59.67	243.23	-127.29	426.16
Free Cash Flow	-252.58	-256.23	317.38	378.3	-177.76	510.43
Free Cash Flow Growth	-	-	-16.10%	-	-	58.30%
Free Cash Flow Margin	-4.18%	-4.01%	5.17%	6.01%	-3.46%	11.34%
Free Cash Flow Per Share	-3.50	-3.49	4.28	5.10	-2.33	6.63
Cash Income Tax Paid	207.61	207.61	211.25	311.73	221.1	84.74
Levered Free Cash Flow	-542.82	-471.91	135.06	189.22	-348.58	427.36
Unlevered Free Cash Flow	-542.82	-471.91	135.06	189.25	-348.39	428.72
Change in Working Capital	-839.33	-1,079	-436.46	-644.67	-951.42	42.33

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q