For the quarter ending 2026-03-31, TMHC had -$197,798K decrease in cash & cash equivalents over the period. -$20,394K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income before allocation to non-controlling interests | 100,429 | 177,096 | 204,451 | 409,716 |
| Net income from unconsolidated entities | 2,877 | 1,313 | 1,253 | 2,301 |
| Stock compensation expense | 6,560 | 6,712 | 6,536 | 15,801 |
| Land held for sale write-down | - | - | 0 | 0 |
| Loss on extinguishment of debt, net | - | -13,324 | - | - |
| Distributions of earnings from unconsolidated entities | 4,577 | 2,705 | 2,821 | 7,263 |
| Depreciation and amortization | 10,735 | 10,610 | 10,405 | 19,167 |
| Operating lease expense | - | - | 4,301 | 9,663 |
| Lease expense | 5,000 | 17,641 | - | - |
| Debt issuance costs amortization | 800 | 732 | 668 | 1,332 |
| Change in build-to-rent/urban form assets due to sale | - | -45,323 | -21,924 | - |
| Estimated development liability change in estimate | - | 0 | 0 | - |
| Deferred income taxes | - | 1,885 | - | - |
| Inventory impairment charges | 8,182 | 0 | 7,189 | 21,632 |
| Real estate inventory and land deposits | 127,337 | -262,364 | -87,351 | 323,137 |
| Mortgage loans held for sale, prepaid expenses and other assets | 6,083 | -19,617 | 42,650 | 160,037 |
| Customer deposits | 29,498 | -38,404 | -48,053 | -27,665 |
| Accounts payable, accrued expenses and other liabilities | -40,102 | 133,957 | -34,050 | -17,917 |
| Income taxes payable | 187 | 8,146 | 0 | -2,243 |
| Net cash (used in)/provided by operating activities | -10,431 | 646,431 | 219,640 | -48,726 |
| Purchase of property and equipment | 9,963 | 11,132 | 13,047 | 16,193 |
| Distributions of capital from unconsolidated entities | 8,750 | 11,621 | 10,168 | 8,612 |
| Investments of capital into unconsolidated entities | 6,483 | 12,132 | 24,909 | 48,537 |
| Purchase of fixed-maturity securities | 15,727 | 55,738 | - | - |
| Proceeds from sale and maturities of fixed-maturity securities | 6,285 | 1,385 | - | - |
| Purchase of equity securities | 995 | 4,870 | - | - |
| Net cash used in investing activities | -18,133 | -70,866 | -27,788 | -56,118 |
| Increase in loans payable and other borrowings | - | 58,167 | 140,473 | - |
| Repayments on loans payable and other borrowings | 9,618 | 0 | 1,250 | 0 |
| Borrowings on revolving credit facilities | - | 0 | 140,000 | 100,000 |
| Repayments on revolving credit facilities | - | 0 | 140,000 | 100,000 |
| Borrowings on mortgage warehouse facilities | 531,191 | 861,916 | 880,126 | 1,724,833 |
| Repayments on mortgage warehouse facilities | 522,941 | 929,486 | 901,270 | 1,727,974 |
| Proceeds from issuance of senior notes | - | 525,000 | - | - |
| Repayments on senior notes | - | 527,070 | - | - |
| Payment of deferred financing costs | - | 12,830 | 2,791 | - |
| Changes in stock option exercises and issuance of restricted stock units, net | -7,570 | 443 | 4,087 | -5,023 |
| Payment of principal portion of finance lease | 1,321 | 21 | 21 | 1,343 |
| Repurchase of common stock, net | 149,578 | 71,370 | 74,553 | 235,093 |
| Cash and distributions to non-controlling interests of consolidated joint ventures | 9,397 | 0 | 0 | 3,458 |
| Net cash used in financing activities | -169,234 | -95,251 | 44,801 | -248,058 |
| Net decrease in cash and cash equivalents and restricted cash | -197,798 | 480,314 | 236,653 | -352,902 |
| Cash, cash equivalents, and restricted cash beginning of period | 851,231 | 370,917 | 487,166 | - |
| Cash, cash equivalents, and restricted cash end of period | 653,433 | 851,231 | 370,917 | - |
Taylor Morrison Home Corp (TMHC)
Taylor Morrison Home Corp (TMHC)