Meritage Homes Corporation
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $143.3M | $149.5M | $128.7M | $142.2M | $124.5M | $105.2M | $-21.1M | $7.2M |
| Depreciation & Amortization | $16.7M | $16.0M | $14.2M | $11.6M | $9.9M | $8.2M | $7.2M | $8.0M |
| Depreciation | $15.9M | $14.3M | $12.7M | $10.4M | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $12.1M | $13.7M | $15.8M | $12.2M | $9.5M | $8.3M | $7.4M | $5.4M |
| Net Cash from Operating Activities | $-87.1M | $-103.4M | $-3.3M | $-211.2M | $-86.3M | $-220.5M | $-74.1M | $32.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $18.1M | $16.7M | $16.1M | $20.8M | $15.8M | $10.9M | $7.1M | $6.4M |
| Business Acquisitions | — | $0 | $0 | $130.7M | $18.6M | $0 | $0 | — |
| Net Cash from Investing Activities | $-17.1M | $-20.1M | $-16.5M | $-62.9M | $1.0M | $23.8M | $141.2M | $-174.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $0 | $0 | — | — | — | — | — | — |
| Net Cash from Financing Activities | $143.2M | $-7.0M | $178.7M | $103.3M | $188.9M | $193.5M | $2.6M | $-3.4M |
| Net Change in Cash | $39.0M | $-130.5M | $158.9M | $-170.8M | $103.7M | $-3.2M | $69.7M | $-145.4M |
| Free Cash Flow | $-105.2M | $-120.1M | $-19.4M | $-232.0M | $-102.1M | $-231.4M | $-81.2M | $26.2M |