Meritage Homes Corporation
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.23B | $3.03B | $2.57B | $2.17B | $1.81B | $1.19B | $861.2M | $941.7M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | $566.5M | $531.2M | $488.7M | $452.6M | $396.4M | $218.2M | $141.1M | $167.7M |
| Gross Margin | 17.6% | 17.5% | 19.0% | 20.9% | 21.8% | 18.3% | 16.4% | 17.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $124.0M | $123.8M | $112.8M | $104.6M | $91.5M | $68.2M | $64.2M | $59.8M |
| Operating Income | $251.4M | $223.2M | $205.4M | $224.5M | $209.4M | $77.8M | $22.9M | $51.5M |
| Operating Margin | 7.8% | 7.4% | 8.0% | 10.3% | 11.5% | 6.5% | 2.7% | 5.5% |
| Interest Expense | $3.9M | $5.2M | $16.0M | $5.2M | $15.1M | $24.2M | $30.4M | $33.7M |
| Pretax Income | $247.5M | $218.1M | $189.5M | $208.4M | $177.7M | $28.9M | $-20.4M | $2.5M |
| Income Tax Expense | $104.3M | $68.5M | $60.7M | $66.2M | $53.2M | $-76.3M | $730.0K | $-4.7M |
| Net Income | $143.3M | $149.5M | $128.7M | $142.2M | $124.5M | $105.2M | $-21.1M | $7.2M |
| Net Margin | 4.4% | 4.9% | 5.0% | 6.6% | 6.9% | 8.8% | -2.5% | 0.8% |
| EPS (Basic) | $3.56 | $3.74 | $3.25 | $3.65 | $3.45 | $3.09 | $-0.65 | $0.22 |
| EPS (Diluted) | $3.41 | $3.55 | $3.09 | $3.46 | $3.25 | $3.00 | $-0.65 | $0.22 |
| Shares Outstanding (Basic) | 40.3M | 40.0M | 39.6M | 39.0M | 36.1M | 34.1M | 32.4M | 32.1M |
| Shares Outstanding (Diluted) | 42.2M | 42.6M | 42.2M | 41.6M | 38.8M | 35.2M | 32.4M | 32.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |