For the quarter ending 2026-02-28, KBH had -$28,645K decrease in cash & cash equivalents over the period. -$138,591K in free cash flow.
| Cash Flow | 2026-02-28 | 2025-11-30 | 2025-08-31 |
|---|---|---|---|
| Net income | 33,424 | 101,521 | 327,268 |
| Equity in income of unconsolidated joint ventures | 2,655 | 4,058 | 18,447 |
| Distributions of earnings from unconsolidated joint ventures | 4,000 | 5,499 | 27,741 |
| Amortization of debt issuance costs | 1,050 | 952 | 2,686 |
| Depreciation and amortization | 10,117 | 9,863 | 27,440 |
| Deferred income taxes | - | -13,756 | 0 |
| Gain on sale of investment | - | 0 | 0 |
| Loss on early extinguishment of debt | - | -954 | - |
| Stock-based compensation | 5,995 | 21,107 | 25,131 |
| Inventory impairments and land option contract abandonments | 2,155 | 13,700 | 18,351 |
| Receivables | -2,821 | 2,170 | -7,166 |
| Inventories | 37,973 | -150,562 | 330,019 |
| Accounts payable, accrued expenses and other liabilities | -148,131 | -11,331 | -63,835 |
| Other, net | -3,830 | -3,487 | -8,358 |
| Net cash used in operating activities | -125,367 | 303,842 | 31,840 |
| Contributions to unconsolidated joint ventures | 4,748 | 5,769 | 10,593 |
| Return of investments in unconsolidated joint ventures | 0 | 0 | 2,965 |
| Proceeds from sale of investment | - | 0 | 0 |
| Purchases of property and equipment, net | 13,224 | 13,791 | 34,609 |
| Net cash used in investing activities | -17,972 | -19,560 | -42,237 |
| Borrowings under revolving credit facility | 350,000 | 185,000 | 555,000 |
| Repayments under revolving credit facility | 150,000 | 435,000 | 305,000 |
| Payment of issuance costs | - | 9,891 | - |
| Payments on mortgages and land contracts due to land sellers and other loans | -315 | -73 | 0 |
| Issuance of common stock under employee stock plans | 477 | 418 | 652 |
| Stock repurchases | 50,000 | 102,843 | 438,460 |
| Tax payments associated with stock-based compensation awards | 18,212 | 7,980 | 15,884 |
| Payments of cash dividends | 17,256 | 15,768 | 52,806 |
| Net cash provided by financing activities | 114,694 | -386,137 | -256,498 |
| Net decrease in cash and cash equivalents | -28,645 | -101,855 | -266,895 |
| Cash and cash equivalents at beginning of period | 230,443 | 332,298 | 599,193 |
| Cash and cash equivalents at end of period | 201,798 | 230,443 | 332,298 |
KB HOME (KBH)
KB HOME (KBH)