For the year ending 2025-12-31, MHO had -$132,381K decrease in cash & cash equivalents over the period. $127,740K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 402,941 |
| Impairment of inventory and abandoned land transaction write-offs | 47,669 |
| Equity in income from joint venture arrangements | 0 |
| Mortgage loan originations | 2,897,111 |
| Proceeds from the sale of mortgage loans | 2,876,457 |
| Fair value adjustment of mortgage loans held for sale | 4,906 |
| Capitalization of originated mortgage servicing rights | -7,388 |
| Amortization of mortgage servicing rights | 1,146 |
| Gain on sale of mortgage servicing rights | 1,718 |
| Depreciation | 15,527 |
| Amortization of debt discount and debt issue costs | 3,371 |
| Stock-based compensation expense | 16,998 |
| Deferred income tax expense | -8,943 |
| Effective income tax rate reconciliation, equity compensation | -2,333 |
| Inventory | 313,465 |
| Other assets | 4,325 |
| Accounts payable | -17,390 |
| Customer deposits | -18,486 |
| Accrued compensation | -5,237 |
| Other liabilities | 36,656 |
| Net cash (used in) provided by operating activities | 137,349 |
| Purchase of property and equipment | 9,609 |
| Return of capital from joint venture arrangements | 2,002 |
| Investment in and advances to joint venture arrangements | 59,195 |
| Proceeds from the sale of mortgage servicing rights | 7,062 |
| Net cash provided by (used in) investing activities | -59,740 |
| (net repayment of) net proceeds from bank borrowings - financial services operations | -9,303 |
| Repurchase of common shares | 202,033 |
| Debt issue costs | 7,006 |
| Proceeds from exercise of stock options | 8,352 |
| Net cash provided (used in) by financing activities | -209,990 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -132,381 |
| Cash and cash equivalents at beginning of period | 821,570 |
| Cash and cash equivalents at end of period | 689,189 |
M I HOMES, INC. (MHO)
M I HOMES, INC. (MHO)