Meritage Homes Corp: (NYSE: MTH)
$51.85
0.14 (0.27%)
Volume 756,763
May 14 04:02 PM ET
Zacks Rank: 1-Strong Buy 
| #1 |
Income Statements
Annual Income Statement
Fiscal Year End for MERITAGE HOMES falls in the month of December .
All items in Millions except EPS data.
| 12/31/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 | |
|---|---|---|---|---|---|
| Sales | 1,194 | 861 | 942 | 970 | 1,523 |
| Cost Of Goods | 975 | 720 | 774 | 966 | 1,560 |
| Gross Profit | 218 | 141 | 168 | 4 | -37 |
| Selling & Adminstrative & Depr. & Amort Expenses | 163 | 139 | 137 | 142 | 205 |
| Income After Depreciation & Amortization | 55 | 2 | 31 | -138 | -242 |
| Non-Operating Income | -2 | 8 | 5 | 20 | -10 |
| Interest Expense | 24 | 30 | 34 | 37 | 24 |
| Pretax Income | 29 | -20 | 2 | -155 | -276 |
| Income Taxes | -76 | 1 | -5 | -88 | 16 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Investment Gains/Losses | 0 | 0 | 0 | 0 | 0 |
| Other Income/Charges | 0 | 0 | 0 | 0 | 0 |
| Income From Cont. Operations | 105 | -21 | 7 | -66 | -292 |
| Extras & Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Net Income | 105 | -21 | 7 | -66 | -292 |
| Depreciation Footnote | 12/31/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 |
|---|---|---|---|---|---|
| Income Before Depreciation & Amortization | 63 | 9 | 39 | -129 | -225 |
| Depreciation & Amortization (Cash Flow) | 8 | 7 | 8 | 9 | 17 |
| Income After Depreciation & Amortization | 55 | 2 | 31 | -138 | -242 |
| Earnings Per Share Data | 12/31/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 |
|---|---|---|---|---|---|
| Average Shares | 35.17 | 32.38 | 32.32 | 31.35 | 29.33 |
| Diluted EPS Before Non-Recurring Items | 1.30 | -0.13 | 0.39 | -3.75 | -6.34 |
| Diluted Net EPS | 3.00 | -0.65 | 0.22 | -2.12 | -9.95 |
Quarterly Income Statement
Fiscal year end for MERITAGE HOMES falls in the month of December .
All items in Millions except EPS data.
| 03/31/13 | 12/31/12 | 09/30/12 | 06/30/12 | 03/31/12 | |
|---|---|---|---|---|---|
| Sales | 337.28 | 364.59 | 342.64 | 282.10 | 204.35 |
| Cost Of Goods | 271.90 | 295.63 | 280.21 | 230.52 | 169.11 |
| Gross Profit | 64.53 | 68.98 | 62.42 | 51.56 | 35.23 |
| SG&A, R&D, and Dept/Amort Expenses | 43.38 | 44.63 | 45.06 | 39.63 | 33.69 |
| Income After SG&A, R&D, and Dept/Amort Expenses | 21.15 | 24.35 | 17.36 | 11.93 | 1.54 |
| Non-Operating Income | -0.38 | 4.78 | -5.36 | -2.75 | 1.25 |
| Interest Expense | 5.12 | 5.54 | 5.00 | 6.33 | 7.37 |
| Pretax Income | 16.47 | 23.60 | 6.98 | 2.84 | -4.57 |
| Income Taxes | 4.43 | -71.52 | 0.20 | -5.16 | 0.18 |
| Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investment Gains/Losses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Income/Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income From Cont. Operations | 12.04 | 95.13 | 6.78 | 8.01 | -4.75 |
| Extras & Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 12.04 | 95.13 | 6.78 | 8.01 | -4.75 |
| Earnings Per Share Data | 03/31/13 | 12/31/12 | 09/30/12 | 06/30/12 | 03/31/12 |
|---|---|---|---|---|---|
| Average Shares | 38.44 | 38.31 | 35.76 | 33.10 | 32.63 |
| Diluted EPS Before Non-Recurring Items | 0.33 | 0.63 | 0.43 | 0.26 | -0.14 |
| Diluted Net EPS | 0.32 | 2.49 | 0.19 | 0.24 | -0.15 |
