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Landsea Homes Corp (LFAC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21Mar-31-21Dec-31-20Sep-30-20
   10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Sales and marketing expenses  24.219.118.012.312.79.916.613.9
General and administrative expenses  27.022.624.416.913.915.011.311.4
    Total operating expenses  51.241.742.429.226.624.927.825.3
    Income from operations  26.923.443.56.216.0-6.114.84.5
Other (expense) income, net  -2.00.30.00.43.6-0.1-0.30.3
Equity in net income (loss) of unconsolidated joint ventures  0.10.00.40.20.70.0-0.2-0.6
(Loss) gain on remeasurement of warrant liability  -1.8-5.65.37.0-5.3-5.0  
    Pretax income (loss)  23.218.149.213.814.9-11.214.34.2
Provision (benefit) for income taxes  8.45.110.83.04.2-4.13.71.0
    Net income (loss)  14.913.138.410.810.7-7.110.73.2
Net income (loss) attributable to noncontrolling interests  -0.10.00.00.00.00.00.00.0
    Net income (loss) attributable to Landsea Homes Corporation  14.913.138.410.810.7-7.110.73.2
   
Earnings (loss) per share:          
Basic (in dollars per share)  $0.34$0.28$0.83$0.23$0.23($0.16)$0.33$0.10
Diluted (in dollars per share)  $0.34$0.28$0.83$0.23$0.23($0.16)$0.33$0.10
   
Weighted average shares outstanding:          
Basic (in shares)  43.145.345.245.345.344.232.632.6
Diluted (in shares)  43.245.545.345.345.344.232.632.6
Revenue  368.7316.2398.5214.1250.3160.4284.7218.5
            Revenue growth  47.3%97.1%39.9%-2.0%163.3%17.7%41698.1%24380.8%
Cost of sales and expenses          
    Gross margin  78.165.285.935.442.618.842.629.8
            Gross margin  21.2%20.6%21.6%16.5%17.0%11.7%15.0%13.6%
   
Inventory impairments          
    Total cost of sales  290.6251.1312.6178.8207.7141.6242.1188.7

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