LGIH · 10-Q · 2026Q1 · Full report
Financing Activities and Borrowings
LGI Homes, Inc. · 2026-04-28 · Importance 49 · Surprise 6
Net cash provided by financing activities was $48.7 million during the three months ended March 31, 2026, driven by $116.2 million of borrowings under the Credit Agreement offset by $65.0 million of repayments on the Credit Agreement and $3.8 million of payments related to a financing arrangement with a third-party land banker. For the three months ended March 31, 2025, net cash provided by financing activities was $131.8 million, driven by $172.5 million of borrowings under the then-effective credit agreement, offset by $30.0 million of repayments and $8.6 million of land banker payments. In the three months ended March 31, 2025 the Company also repurchased $3.1 million of shares under the repurchase program; no repurchases occurred in the comparable 2026 quarter. These financing flows demonstrate active use of the credit facility to manage liquidity, with significant gross borrowings and repayments in each period.
Key facts
- Net cash provided by financing activities was $48.7 million during the three months ended March 31, 2026.
- Net cash provided by financing activities during the three months ended March 31, 2026 was primarily driven by $116.2 million of borrowings under the Credit Agreement, offset by $65.0 million of repayments on the Credit Agreement and payments of $3.8 million related to a financing arrangement with a third-party land banker.
- Net cash provided by financing activities was $131.8 million during the three months ended March 31, 2025.
- Net cash provided by financing activities during the three months ended March 31, 2025 was primarily driven by $172.5 million of borrowings under the credit agreement then in effect, offset by $30.0 million of repayments and payments of $8.6 million related to a financing arrangement with a third-party land banker.
- As of March 31, 2026, total debt (notes payable) was $1,709,457 thousand ($1.709457 billion).
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -42.6% | As of March 31, 2026, total debt (notes payable) was $1,709,457 thousand ($1.709457 billion). |
| liability | negative | realized | -2.9% | Net cash provided by financing activities during the three months ended March 31, 2026 was primarily driven by $116.2 million of… |
| liability | positive | realized | +1.6% | Net cash provided by financing activities during the three months ended March 31, 2026 was primarily driven by $116.2 million of… |
| cash | positive | realized | +1.2% | Net cash provided by financing activities was $48.7 million during the three months ended March 31, 2026. |
| liability | positive | realized | +0.1% | Net cash provided by financing activities during the three months ended March 31, 2026 was primarily driven by $116.2 million of… |