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M/I Homes MHO Debt Issuance Proceeds

Debt Issuance Proceeds at other companies

Pultegroup logo
PultegroupPHM
$794.78M
Lennar logo
LennarLEN
$740M
Meritage Homes logo
Meritage HomesMTH
$0-100%
KB Home logo
KB HomeKBH
$175M-12.5%
Green Brick Partners logo
Green Brick PartnersGRBK
$50M-38.4%
Century Communities logo
Century CommunitiesCCS
$457.8M-32.7%

Other financials

Income statement

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Revenue$1.1B-8.5%
Gross profit$235.5M-17.8%
Net income$79.1M-34.8%
EPS (diluted)$0.12-97.3%

Balance sheet

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Cash & equivalents$735.9M-8.1%
Total debt$949.3M+1,537%
Total equity$3.2B+4.7%
Total assets$4.9B+2.4%

Cash flow

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Operating cash flow$36.8M-2.5%
CapEx$154.0K-88.5%
Free cash flow$135.6M+113%

Valuation

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Market cap$3.71B+8.6%
Enterprise value$3.03B+46.8%
P/E11.7×+5.0×
P/S0.9×+0.1×

Profitability

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Gross margin21.5%-4.0pp
Net margin7.4%-4.0pp
FCF margin5.4%

Returns & leverage

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Return on equity10.1%-7.5pp
Debt / equity0.3×+0.3×

Where this comes from

Reported directly by M/I Homes in its filing.

Tagged under the XBRL concept us-gaap:ProceedsFromBankDebt.

The source filing: M/I Homes’s 10-K, filed February 14, 2025.

Filed
Feb 14, 2025
Fiscal year
FY2024
Accession
0000799292-25-000018
(In thousands)Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022
Proceeds from sale of mortgage servicing rights7,61510,697200
Net cash used in investing activities(54,896)(18,632)(27,380)
FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations362,000
Repayments of bank borrowings - homebuilding operations(362,000)
Net proceeds from (Net repayments of) bank borrowings - financial services operations120,315(79,897)(20,419)
(Principal repayments of) proceeds from notes payable-other and community development district bond obligations(4,549)
Repurchase of common shares(176,953)(65,344)(55,334)

Item 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is M/I Homes's debt issuance proceeds?
M/I Homes (MHO) reported debt issuance proceeds of $0 in Q4 2024.
What does debt issuance proceeds mean?
Cash received from issuing bonds, notes, term loans, and other debt instruments in the capital markets or from bank lending.

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