Meritage Homes Corp
NYSE:MTH
Balance Sheet
Balance Sheet Decomposition
Meritage Homes Corp
Meritage Homes Corp
Balance Sheet
Meritage Homes Corp
| Dec-2002 | Dec-2003 | Dec-2004 | Dec-2005 | Dec-2006 | Dec-2007 | Dec-2008 | Dec-2009 | Dec-2010 | Dec-2011 | Dec-2012 | Dec-2013 | Dec-2014 | Dec-2015 | Dec-2016 | Dec-2017 | Dec-2018 | Dec-2019 | Dec-2020 | Dec-2021 | Dec-2022 | Dec-2023 | Dec-2024 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||||||||||||||
| Cash & Cash Equivalents |
7
|
5
|
48
|
66
|
57
|
28
|
206
|
249
|
104
|
174
|
170
|
274
|
103
|
262
|
132
|
171
|
311
|
319
|
746
|
618
|
862
|
921
|
652
|
775
|
|
| Cash Equivalents |
7
|
5
|
48
|
66
|
57
|
28
|
206
|
249
|
104
|
174
|
170
|
274
|
103
|
262
|
132
|
171
|
311
|
319
|
746
|
618
|
862
|
921
|
652
|
775
|
|
| Total Receivables |
0
|
0
|
16
|
61
|
69
|
124
|
143
|
115
|
21
|
15
|
20
|
39
|
57
|
57
|
70
|
79
|
77
|
88
|
99
|
148
|
215
|
267
|
256
|
307
|
|
| Inventory |
0
|
0
|
0
|
0
|
0
|
1 268
|
859
|
675
|
739
|
815
|
1 113
|
1 405
|
1 878
|
2 098
|
2 422
|
2 731
|
2 743
|
2 744
|
2 778
|
3 734
|
4 358
|
4 721
|
5 729
|
5 987
|
|
| Other Current Assets |
0
|
0
|
0
|
0
|
0
|
24
|
16
|
11
|
14
|
18
|
26
|
39
|
71
|
70
|
75
|
85
|
84
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Current Assets |
7
|
5
|
64
|
127
|
125
|
1 443
|
1 224
|
1 051
|
877
|
1 022
|
1 330
|
1 758
|
2 109
|
2 487
|
2 700
|
3 067
|
3 216
|
3 152
|
3 622
|
4 500
|
5 435
|
5 909
|
6 637
|
7 069
|
|
| PP&E Net |
14
|
24
|
28
|
36
|
41
|
31
|
23
|
15
|
15
|
13
|
16
|
22
|
32
|
34
|
33
|
34
|
55
|
51
|
39
|
58
|
58
|
100
|
100
|
47
|
|
| PP&E Gross |
14
|
24
|
28
|
36
|
41
|
31
|
0
|
0
|
0
|
0
|
0
|
22
|
32
|
0
|
33
|
34
|
55
|
51
|
39
|
58
|
58
|
100
|
100
|
0
|
|
| Accumulated Depreciation |
11
|
12
|
16
|
24
|
34
|
49
|
0
|
0
|
0
|
0
|
0
|
31
|
34
|
0
|
48
|
57
|
83
|
93
|
97
|
87
|
85
|
74
|
69
|
0
|
|
| Intangible Assets |
0
|
0
|
3
|
14
|
9
|
8
|
5
|
4
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Goodwill |
74
|
76
|
91
|
130
|
130
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
33
|
33
|
33
|
33
|
0
|
|
| Note Receivable |
9
|
9
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Long-Term Investments |
494
|
702
|
918
|
1 480
|
1 645
|
27
|
17
|
138
|
310
|
159
|
98
|
101
|
11
|
11
|
17
|
17
|
17
|
4
|
4
|
6
|
12
|
17
|
29
|
57
|
|
| Other Long-Term Assets |
3
|
1
|
0
|
0
|
28
|
139
|
0
|
16
|
9
|
12
|
117
|
70
|
64
|
59
|
53
|
35
|
26
|
140
|
139
|
111
|
158
|
182
|
172
|
275
|
|
| Other Assets |
165
|
215
|
253
|
315
|
322
|
101
|
57
|
19
|
11
|
15
|
14
|
52
|
100
|
88
|
86
|
99
|
51
|
51
|
60
|
132
|
110
|
144
|
225
|
174
|
|
| Total Assets |
692
N/A
|
955
+38%
|
1 265
+33%
|
1 971
+56%
|
2 171
+10%
|
1 748
-19%
|
1 326
-24%
|
1 243
-6%
|
1 225
-1%
|
1 221
0%
|
1 576
+29%
|
2 003
+27%
|
2 316
+16%
|
2 680
+16%
|
2 889
+8%
|
3 251
+13%
|
3 365
+4%
|
3 398
+1%
|
3 864
+14%
|
4 808
+24%
|
5 772
+20%
|
6 353
+10%
|
7 163
+13%
|
7 622
+6%
|
|
| Liabilities | |||||||||||||||||||||||||
| Accounts Payable |
52
|
81
|
78
|
141
|
117
|
60
|
32
|
30
|
24
|
38
|
50
|
68
|
84
|
106
|
141
|
141
|
128
|
155
|
175
|
216
|
273
|
272
|
212
|
201
|
|
| Accrued Liabilities |
41
|
67
|
120
|
240
|
258
|
200
|
122
|
99
|
85
|
76
|
93
|
167
|
143
|
151
|
171
|
167
|
170
|
218
|
262
|
300
|
335
|
399
|
428
|
388
|
|
| Short-Term Debt |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Current Liabilities |
16
|
25
|
58
|
125
|
51
|
22
|
11
|
14
|
10
|
12
|
16
|
22
|
40
|
46
|
28
|
48
|
36
|
33
|
59
|
80
|
63
|
62
|
45
|
9
|
|
| Total Current Liabilities |
110
|
174
|
255
|
506
|
426
|
282
|
165
|
143
|
118
|
126
|
159
|
257
|
267
|
304
|
340
|
356
|
335
|
405
|
496
|
596
|
672
|
733
|
685
|
598
|
|
| Long-Term Debt |
265
|
351
|
471
|
592
|
733
|
730
|
629
|
605
|
606
|
606
|
723
|
905
|
935
|
1 117
|
1 127
|
1 284
|
1 310
|
1 019
|
1 020
|
1 160
|
1 151
|
1 008
|
1 336
|
1 829
|
|
| Deferred Income Tax |
0
|
0
|
2
|
21
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Liabilities |
0
|
18
|
15
|
1
|
4
|
6
|
5
|
9
|
1
|
0
|
0
|
0
|
4
|
0
|
0
|
35
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
0
|
|
| Total Liabilities |
374
N/A
|
543
+45%
|
743
+37%
|
1 120
+51%
|
1 164
+4%
|
1 018
-13%
|
799
-22%
|
757
-5%
|
725
-4%
|
732
+1%
|
881
+20%
|
1 162
+32%
|
1 207
+4%
|
1 421
+18%
|
1 467
+3%
|
1 674
+14%
|
1 645
-2%
|
1 424
-13%
|
1 517
+6%
|
1 763
+16%
|
1 822
+3%
|
1 741
-4%
|
2 021
+16%
|
2 427
+20%
|
|
| Equity | |||||||||||||||||||||||||
| Common Stock |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
|
| Retained Earnings |
148
|
243
|
382
|
637
|
863
|
571
|
279
|
212
|
220
|
198
|
304
|
428
|
570
|
699
|
849
|
992
|
1 219
|
1 468
|
1 892
|
2 629
|
3 621
|
4 321
|
4 998
|
5 195
|
|
| Additional Paid In Capital |
197
|
203
|
210
|
297
|
333
|
348
|
437
|
461
|
469
|
479
|
390
|
413
|
539
|
559
|
573
|
585
|
502
|
505
|
456
|
415
|
328
|
291
|
143
|
0
|
|
| Treasury Stock |
28
|
34
|
69
|
83
|
189
|
189
|
189
|
189
|
189
|
189
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Equity |
317
N/A
|
412
+30%
|
523
+27%
|
851
+63%
|
1 007
+18%
|
730
-27%
|
527
-28%
|
485
-8%
|
500
+3%
|
489
-2%
|
694
+42%
|
841
+21%
|
1 109
+32%
|
1 259
+13%
|
1 421
+13%
|
1 577
+11%
|
1 721
+9%
|
1 974
+15%
|
2 348
+19%
|
3 044
+30%
|
3 950
+30%
|
4 612
+17%
|
5 142
+11%
|
5 196
+1%
|
|
| Total Liabilities & Equity |
692
N/A
|
955
+38%
|
1 265
+33%
|
1 971
+56%
|
2 171
+10%
|
1 748
-19%
|
1 326
-24%
|
1 243
-6%
|
1 225
-1%
|
1 221
0%
|
1 576
+29%
|
2 003
+27%
|
2 316
+16%
|
2 680
+16%
|
2 889
+8%
|
3 251
+13%
|
3 365
+4%
|
3 398
+1%
|
3 864
+14%
|
4 808
+24%
|
5 772
+20%
|
6 353
+10%
|
7 163
+13%
|
7 622
+6%
|
|
| Shares Outstanding | |||||||||||||||||||||||||
| Common Shares Outstanding |
52
|
53
|
52
|
54
|
52
|
53
|
61
|
64
|
64
|
65
|
71
|
72
|
78
|
79
|
80
|
81
|
76
|
76
|
75
|
75
|
73
|
73
|
72
|
68
|
|