M/I Homes, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $402.9M | $563.7M | $465.4M | $490.7M | $396.9M | $239.9M | $127.6M | $107.7M |
| Depreciation & Amortization | $18.9M | $17.4M | $15.8M | $17.2M | $16.9M | $17.6M | $16.0M | $14.5M |
| Depreciation | $15.5M | $14.1M | $12.9M | $13.0M | $12.7M | $12.6M | $11.7M | $11.0M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $17.0M | $14.6M | $11.4M | $8.8M | $8.6M | $7.1M | $5.8M | $6.0M |
| Net Cash from Operating Activities | $137.3M | $179.7M | $552.1M | $184.1M | $-16.8M | $168.3M | $65.6M | $-2.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $9.6M | $8.4M | $5.8M | $9.3M | $25.3M | $11.7M | $4.5M | $8.1M |
| Business Acquisitions | — | — | — | — | — | $0 | $0 | $101.0M |
| Net Cash from Investing Activities | $-59.7M | $-54.9M | $-18.6M | $-27.4M | $-51.7M | $-33.9M | $-27.6M | $-134.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | $0 | $0 |
| Stock Repurchases | $202.0M | $177.0M | $65.3M | $55.3M | $51.5M | $1.9M | $5.2M | $25.7M |
| Net Cash from Financing Activities | $-210.0M | $-36.1M | $-112.2M | $-81.5M | $44.1M | $120.3M | $-53.5M | $6.4M |
| Net Change in Cash | $-132.4M | $88.8M | $421.3M | $75.2M | $-24.4M | $254.7M | $-15.4M | $-130.2M |
| Free Cash Flow | $127.7M | $171.3M | $546.4M | $174.7M | $-42.1M | $156.7M | $61.1M | $-10.7M |