LGI Homes (LGI Homes) Retained Earnings : $1,890 Mil (As of Dec. 2023)

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What is LGI Homes Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. LGI Homes's retained earnings for the quarter that ended in Dec. 2023 was $1,890 Mil.

LGI Homes's quarterly retained earnings increased from Jun. 2023 ($1,771 Mil) to Sep. 2023 ($1,838 Mil) and increased from Sep. 2023 ($1,838 Mil) to Dec. 2023 ($1,890 Mil).

LGI Homes's annual retained earnings increased from Dec. 2021 ($1,364 Mil) to Dec. 2022 ($1,690 Mil) and increased from Dec. 2022 ($1,690 Mil) to Dec. 2023 ($1,890 Mil).

LGI Homes Retained Earnings Historical Data

The historical data trend for LGI Homes's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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LGI Homes Retained Earnings Chart

LGI Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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610.38

934.28

1,363.92

1,690.49

1,889.72

LGI Homes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															1,690.49	1,717.45	1,770.59	1,837.63	1,889.72

LGI Homes Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

LGI Homes (NAS:LGIH) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

LGI Homes (LGI Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » LGI Homes Inc (NAS:LGIH) » Definitions » Retained Earnings

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Address

1450 Lake Robbins Drive, Suite 430, The Woodlands, TX, USA, 77380

Website

https://www.lgihomes.com

LGI Homes Inc is engaged in the design, construction, and sale of new homes in markets. The company current product offerings include entry-level homes, including both detached homes and townhomes, and move-up homes sold, which are sold under LGI Homes brand, and luxury series homes, which are sold under the Terrata Homes brand. It offers a set number of floor plans in each community with features that include upgrades, such as granite countertops, appliances, and ceramic tile flooring.

Executives

Steven Randal Smith	director	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Michael Larry Snider	officer: See Remarks	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Eric Thomas Lipar	director, 10 percent owner, officer: Chief Executive Officer	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Scott James Garber	officer: General Counsel and Secretary	1450 LAKE ROBBINS DRIVE SUITE 430, THE WOODLANDS TX 77380
Ryan Edone	director	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS X1 77380
Maria Renna Sharpe	director	11 EDWARDS COURT, MT. KISCO NY 10549
Charles Michael Merdian	director	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Rachel Lyons Eaton	officer: Chief Marketing Officer	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Jack Anthony Lipar	officer: See Remarks	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Shailee Parikh	director	27 N. ABERDEEN ST., UNIT 4S, CHICAGO IL 60607
Duncan S Gage	director	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Robert Karnig Vahradian	director	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Bryan Christopher Sansbury	director	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380
Laura Marie Miller	director	320 QUIET WATER LANE, ATLANTA GA 30350
Margaret Mary Britton	officer: Chief Administrative Officer	1450 LAKE ROBBINS DRIVE, SUITE 430, THE WOODLANDS TX 77380