← Dream Finders Homes, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Net Income (Loss) Attributable to Parent | $44.9m |
$79.1m
+76.16%
|
$121.1m
+53.15%
|
$262.3m
+116.55%
|
$295.9m
+12.80%
|
$335.3m
+13.33%
|
$217.2m
-35.23%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $44.9m |
$84.5m
+88.24%
|
$117.5m
+39.07%
|
$247.8m
+110.84%
|
$282.4m
+13.97%
|
$321.8m
+13.96%
|
$203.7m
-36.71%
|
|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $84.5m | $135.6m | $274.3m | $307.9m | $340.6m | $217.4m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $5.4m | $13.5m | $12.0m | $12.0m | $5.2m | $207k | |
| Depreciation, Depletion and Amortization | $3.0m | $3.9m | $5.9m | $11.3m | $10.7m | $10.2m | $15.1m | |
| Amortization of Debt Issuance Costs | — | $2.1m | $2.0m | $3.8m | — | — | — | |
| Depreciation | $3.0m | $3.9m | $3.7m | $5.0m | $4.8m | $6.4m | $11.8m | |
| Amortization of lease right-of-use assets | $2.6m | $3.8m | $3.8m | $5.8m | $7.2m | $7.0m | $14.1m | |
| Deferred Income Tax Expense (Benefit) | $0 | $0 | ($946k) | ($294k) | ($22.3m) | ($14.1m) | $35.5m | |
| Share-based Payment Arrangement, Noncash Expense | — | $947k | $5.2m | $6.8m | $14.1m | $18.8m | $24.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | $322k | $12.5m | $7.9m | |
| Stock-based compensation | $895k | $947k | $5.2m | $6.8m | $14.1m | $18.8m | $24.9m | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $0 | $0 | |
| Inventory and lot deposit impairment | — | — | — | — | $3.3m | $1.5m | $8.2m | |
| Income (Loss) from Equity Method Investments | — | $8.0m | $9.4m | $16.1m | $18.1m | $10.6m | $417k | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | — | $3 | $4 | ($2) | $1 | — | — | |
| Changes in operating assets and liabilities: | ||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | $11.8m | ($12.6m) | $2.6m | $924k | |
| Accounts receivable | — | ($12.2m) | ($16.7m) | ($11.8m) | $12.6m | ($2.6m) | ($924k) | |
| Increase (Decrease) in Inventories | — | ($23.5m) | $80.2m | $311.5m | $61.6m | $148.0m | $210.2m | |
| Inventories | ($30.9m) | $23.5m | ($80.2m) | ($311.5m) | ($61.6m) | ($148.0m) | ($210.2m) | |
| Proceeds from borrowings related to consolidated inventory not owned | — | — | — | — | $0 | $0 | $62.7m | |
| Accounts payable and accrued liabilities | $19.4m | $6.2m | $63.4m | $65.7m | $22.8m | $41.6m | ($115.1m) | |
| Accrued cash consideration for business combinations | $9.4m | $16.3m | $94.6m | $0 | $0 | $22.4m | $6.7m | |
| Other assets | — | ($10.6m) | ($3.7m) | ($6.7m) | ($1k) | ($25.6m) | ($21.5m) | |
| Other Operating Income (Expense), Net | — | — | — | $2.0m | $5.0m | $8.4m | $4.3m | |
| Net Cash Provided by (Used in) Operating Activities | $30.4m |
$96.9m
+218.49%
|
$65.1m
-32.82%
|
($27.6m)
-142.43%
|
$374.2m
+1454.79%
|
($256.6m)
-168.58%
|
($100.6m)
+60.81%
|
|
| Cash flows from investing activities: | ||||||||
| Payments to Acquire Property, Plant, and Equipment | ($2.9m) | $2.9m | $2.8m | $5.5m | $4.8m | $25.3m | $25.8m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $91k | $118k | $87k | $92k | $56k | $32k | $74k | |
| Payments to Acquire Investments | — | — | — | — | — | — | $11.9m | |
| Investments in unconsolidated entities | — | ($90k) | ($2.0m) | ($300k) | ($300k) | ($8.1m) | ($16.9m) | |
| Return of investments from unconsolidated entities | $705k | $6.6m | $668k | $449k | $230k | $884k | $691k | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $16.8m | $519.5m | $280k | $0 | $178.1m | $184.5m | |
| Payments for acquisitions, net of cash acquired | ($13.0m) | ($16.8m) | ($519.5m) | ($280k) | $0 | ($178.1m) | ($184.5m) | |
| Deposits on pending acquisitions | — | — | — | $0 | $0 | ($11.0m) | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($17.8m) | ($13.0m) | ($523.0m) | ($5.5m) | ($4.5m) | ($221.7m) | ($225.8m) | |
| Cash flows from financing activities: | ||||||||
| Gain (Loss) on Extinguishment of Debt | — | $0 | ($711k) | — | — | — | — | |
| Proceeds from revolving credit facility and other borrowings | $550.9m | $713.9m | $1.9b | $11.0b | $5.4b | $861.4m | $1.6b | |
| Repayments on revolving credit facility and other borrowings | ($522.9m) | ($758.7m) | ($1.4b) | ($10.8b) | ($5.8b) | ($690.4m) | ($1.4b) | |
| Payments of debt issuance costs | ($2.3m) | ($2.0m) | ($7.7m) | ($5.5m) | ($11.4m) | ($7.3m) | ($11.3m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | $7.8m | $41.7m | |
| Proceeds from Issuance of Common Stock | — | $0 | $143.6m | $0 | $0 | — | — | |
| Payments for common stock withheld for taxes | — | — | $0 | $0 | ($322k) | ($12.5m) | ($7.9m) | |
| Repurchases of common stock | — | — | — | $0 | $0 | ($7.8m) | ($41.7m) | |
| Payments of preferred stock dividends | — | $0 | $0 | ($13.7m) | ($13.2m) | ($13.5m) | ($13.5m) | |
| Proceeds from (Payments for) Other Financing Activities | — | ($13.0m) | ($25.5m) | $0 | ($11.1m) | $0 | $0 | |
| Net Cash Provided by (Used in) Financing Activities | $26.1m |
($65.8m)
-352.44%
|
$645.9m
+1081.14%
|
$147.0m
-77.25%
|
($216.4m)
-247.27%
|
$269.7m
+224.61%
|
$271.0m
+0.48%
|
|
| Net (decrease) increase in cash, cash equivalents and restricted cash | $38.7m | $18.1m | $187.9m | $113.8m | $153.3m | ($208.6m) | ($55.4m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $113.8m | $153.3m | ($208.6m) | ($55.4m) | |
| Cash, cash equivalents and restricted cash at beginning of period | $75.3m | $93.4m | $281.3m | $395.1m | $548.5m | $339.8m | $284.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $93.4m | $281.3m | $395.1m | $548.5m | $339.8m | $284.4m | |
| Restricted cash | $24.7m | $49.7m | $54.1m | $30.6m | $54.3m | $65.4m | $49.6m | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Supplemental disclosure of cash flow information: | ||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $300k | $900k | $672k | $105.2m | $80.1m | $199.2m | $283.0m | |
| Income Taxes Paid, Net | — | — | $27.8m | $47.9m | $81.3m | $127.5m | $120.7m | |
| Additional Financial Items | ||||||||
| Gain (Loss) Related to Litigation Settlement | — | — | $0 | — | — | — | — | |
| Goodwill | — | $28.6m | $171.9m | $172.2m | $172.2m | $300.3m | $377.4m | |
| Income Tax Expense (Benefit) | — | $0 | $27.5m | $81.9m | $96.5m | $97.3m | $66.7m | |
| Proceeds from Contributions from Affiliates | — | $0 | $0 | — | — | — | — | |
| Proceeds from Noncontrolling Interests | — | $3.9m | $2.0m | $0 | $0 | — | — | |
| Contingent consideration revaluation | ($3.9m) | $1.4m | $7.5m | $11.1m | $46.6m | $13.9m | ($9.8m) | |
| Payments of contingent consideration | — | $0 | ($1.2m) | ($13.7m) | ($32.6m) | ($27.8m) | ($37.2m) | |
| Other, net | — | — | — | $2.0m | ($1.3m) | ($2.8m) | $1.7m | |
| Lot deposits | ($11.2m) | ($37.9m) | ($134.2m) | ($35.9m) | $30.1m | ($209.5m) | ($80.5m) | |
| Mortgage loans held for sale | — | — | — | $0 | $0 | ($188.7m) | $98.3m | |
| Customer deposits | $6.8m | $37.6m | $78.2m | ($32.0m) | $26.9m | ($55.8m) | ($56.7m) | |
| Purchase of investment securities | — | — | — | — | $0 | $0 | ($11.9m) | |
| Proceeds from sales and maturities of investment securities | — | — | — | — | $0 | $0 | $12.5m | |
| Proceeds from senior unsecured notes | — | — | $0 | $0 | $300.0m | $0 | $300.0m | |
| Proceeds from mortgage warehouse facilities | — | — | — | $0 | $0 | $1.3b | $202.5m | |
| Repayments on mortgage warehouse facilities | — | — | — | $0 | $0 | ($1.1b) | ($299.3m) | |
| Redemption of Series B preferred units | $0 | ($13.0m) | ($25.5m) | $0 | ($11.1m) | $0 | $0 | |
| Distributions to noncontrolling interests | ($13.9m) | ($7.8m) | ($23.3m) | ($23.1m) | ($11.9m) | ($12.8m) | ($4.2m) | |
| Cash and cash equivalents | $50.6m | $43.7m | $227.2m | $364.5m | $494.1m | $274.4m | $234.8m | |
| Noncontrolling interests issued in business combinations | — | — | — | $0 | $0 | $21.5m | $8.1m | |
| Total noncash investing activities | — | — | — | ($1.8m) | $0 | $43.9m | $14.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.