MTH - Meritage Homes Corporation

NYSE - NYSE Delayed price. Currency in USD
Annual

Cash flow

All numbers in thousands
Breakdown
ttm
30/12/2018
30/12/2017
30/12/2016
Cash flows from operating activities
Net income
221,534
227,332
143,255
149,541
Depreciation & amortisation
27,061
26,966
16,704
15,978
Deferred income taxes
-
-2,741
19,687
-
Stock-based compensation
19,152
17,170
12,056
13,741
Change in working capital
71,952
-22,183
-284,061
-291,074
Accounts receivable
-
3,042
-17,775
-17,513
Inventory
-
-
-301,477
-311,426
Accounts payable
-
-
-
-
Other working capital
327,871
228,785
-105,228
-120,064
Other non-cash items
17,552
15,847
5,849
9,539
Net cash provided by operating activities
355,908
262,200
-87,132
-103,402
Cash flows from investing activities
Investments in property, plant and equipment
-28,037
-33,415
-18,096
-16,662
Acquisitions, net
-1,369
-808
-670
-7,244
Purchases of investments
-791
-1,181
-1,402
-746
Sales/maturities of investments
791
1,181
1,402
746
Other investing activities
-
-
-
3,600
Net cash used for investing activities
-21,897
-33,527
-17,072
-20,106
Cash flows from financing activities
Debt repayment
-5,357
-190,755
-152,661
-21,274
Common stock issued
-
-
-
-
Common stock repurchased
-79,604
-100,000
-
-
Dividends paid
-
-
-
-
Other financing activities
-
-3,198
-4,091
-956
Net cash used provided by (used for) financing activities
-84,961
-87,953
143,248
-6,998
Net change in cash
249,050
140,720
39,044
-130,506
Cash at beginning of period
205,762
170,746
131,702
262,208
Cash at end of period
454,812
311,466
170,746
131,702
Free cash flow
Operating cash flow
355,908
262,200
-87,132
-103,402
Capital expenditure
-28,037
-33,415
-18,096
-16,662
Free cash flow
327,871
228,785
-105,228
-120,064