Company Information

  

Address: 3 EASTON OVAL STE 500  
City: COLUMBUS 
State: OH 
Zip Code: 43219 
Telephone: 614-418-8000 

Description of Business

Primary SIC Code: 1531
(As filed with the SEC)  

M/I Homes, Inc. and subsidiaries (the "Company," "we," "us" or "our") is one of the nation's leading builders of single-family homes. The Company was incorporated, through predecessor entities, in 1973 and commenced homebuilding activities in 1976, with 2016 marking our 40th year of business. Since that time, the Company has sold over 100,000 homes. The Company consists of two distinct operations: homebuilding and financial services. Our homebuilding operations are aggregated for reporting purposes into three reporting segments - the Midwest, Mid-Atlantic and Southern regions. Our financial services operations support our homebuilding operations by providing mortgage loans and title services to the customers of our homebuilding operations and are reported as an independent segment. Please see Note 15 of our Consolidated Financial Statements for additional information related to the financial and operating results for each of our reporting segments.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20172.40NA11.14
06/20172.12NA13.47
03/20172.41NA10.17
12/20161.84NA13.68
09/20161.60NA14.73
06/20161.75NA10.76
03/20161.67NA11.17
12/20151.68NA13.05

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.28Total Liab/Total Assets0.58
Net Inc/Total Assets0.04Total Liab/Inv Cap0.58
Net Inc/Inv Cap0.04Total Liab/Comm Equity4.50
Pretax Inc/Net Sales0.05Interest Coverage Ratio6.22
Net Inc/Net Sales0.03Curr Debt/EquityNA
Cash Flow/Net Sales0.02LTD/Equity0.97
SG&A/NetSales0.13Total Debt/Equity0.97
Asset Utilization   Liquidity  
Net Receivables Turnover34.42Quick RatioNA
Inventory Turnover1.17Current RatioNA
Inventory Day Sales0.00Net Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E75.85  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 476.42 456.87 406.98 523.25
Cost of Goods Sold 374.67 367.60 320.28 414.67
Selling & Admin Exps 62.47 60.36 55.04 66.70
Operating Income 39.28 28.91 31.66 37.89
Interest Exp 4.68 3.83 5.34 4.44
Pretax Income 34.67 25.19 26.34 33.68
Other Income NA NA NA 0.00
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 22.33 16.99 16.88 20.56

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 103.64 29.94 38.90 34.44
Receivables - Total 29.57 30.08 30.45 30.88
Inventories - Total 1,455.81 1,379.54 1,286.62 1,215.93
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 25.32 22.26 22.34 22.30
Total Assets 1,784.70 1,631.39 1,572.27 1,548.51
Liabilities        
Accounts Payable 120.60 113.07 94.40 103.21
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities NA NA NA NA
Long-Term Debt 774.17 670.57 663.65 637.80
Total Liabilities 1,061.72 938.07 900.55 894.34
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 48.16 48.16 48.16
Common Stock 0.30 0.27 0.27 0.27
Retained Earnings 457.45 438.60 422.83 407.16
Treasury Stock -39.48 -39.49 -45.64 -47.97
Total Stockholders' Equity 722.97 693.32 671.71 654.17
Total Liabilities and Stockholders' Equity 1,784.70 1,631.39 1,572.27 1,548.51

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities -26.71 -16.05 -23.28 7.70
Net Cash Provided by Investing Activities -6.02 -2.25 3.21 -9.97
Net Cash Provided by Financing Activities 106.42 9.34 24.53 13.40

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012761.9013.350.67
12/20131,036.78151.425.24
12/20141,215.1850.791.65
12/20151,418.4051.761.68
12/20161,691.3356.611.84
Growth Rates22.0643.5128.73

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1719126,62596.75




Report Date : 12/11/2017

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