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  • MERITAGE HOMES CORP Income Statement

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    Annual Data | Quarterly Data
    Period Ending FY2008 FY2007 FY2006 FY2005 FY2004
    Net Sales/Revenues 1.52 B 2.34 B 3.46 B 3.00 B 2.04 B
    Cost of Goods Sold (Excluding Depreciation) 1.54 B 1.97 B 2.65 B 2.28 B 1.62 B
    Depreciation, Depletion and Amortization 15.67 M 17.82 M 23.73 M 17.21 M 13.23 M
    Gross Income -36.92 M 353.40 M 790.90 M 706.99 M 408.47 M
    Selling, General & Admin Expenses 215.29 M 288.62 M 355.92 M 285.09 M 195.78 M
    Other Operating Expense 0.00 0.00 0.00 0.00 0.00
    Operating Expenses - Total 108.49 M 170.22 M 202.68 M 188.58 M 135.59 M
    Operating Income -252.21 M 64.78 M 434.98 M 421.90 M 212.69 M
    Extraordinary Credit - Pretax 10.20 M 0.00 0.00 0.00 0.00
    Extraordinary Charge - Pretax 1.13 M 542.75 M 103.17 M 31.48 M 0.00
    Non-operating Interest Income
    Reserves Inc (Dec) 0.00 0.00 0.00 0.00 0.00
    Pretax Equity in Earnings 0.00 0.00 0.00 0.00 0.00
    Other Income/Expenses - Net 7.86 M 10.56 M 11.83 M 7.47 M 12.07 M
    Earnings Before Interest & Taxes (EBIT) -235.28 M -467.41 M
    Interest Expenses On Debt 23.65 M 6.74 M
    Interest Capitalized
    Pretax Income -258.93 M -474.15 M 343.64 M 397.89 M 224.76 M
    Income Taxes 15.97 M -167.63 M 138.66 M 160.56 M 85.79 M
    Current Domestic Income Tax -123.09 M -56.69 M 187.64 M 166.52 M 85.18 M
    Current Foreign Income Tax 0.00 0.00 0.00 0.00 0.00
    Deferred Domestic Income Tax 139.06 M -110.94 M -48.98 M -5.96 M 609,000.00
    Deferred Foreign Income Tax 0.00 0.00 0.00 0.00 0.00
    Income Tax Credits
    Minority Interest 0.00 0.00 0.00 0.00 0.00
    Equity in Earnings -17.04 M 17.67 M 20.36 M 18.34 M 0.00
    After Tax Income Expense 0.00 0.00 0.00 0.00 0.00
    Discontinued Operations 0.00 0.00 0.00 0.00 0.00
    Net Income Before Extra Items/Preferred Div -291.94 M -288.85 M 225.35 M 255.66 M 138.97 M
    Extra Items & Gain (Loss) Sale of Assets 0.00 0.00 0.00 0.00 0.00
    Net Income Before Preferred Dividends -291.94 M -288.85 M 225.35 M 255.66 M 138.97 M
    Preferred Dividend Requirements 0.00 0.00 0.00 0.00 0.00
    Net Income Available to Common -291.94 M -288.85 M 225.35 M 255.66 M 138.97 M