Summary - Funding Rounds

Founding Date

1970

Total Funding

$135 m

Investors

In total, AV Homes had raised $135 m. AV Homes is a subsidiary of Taylor Morrison

AV Homes Income Statement

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

89.0m107.5m143.7m285.9m498.9m764.0m821.6m

Revenue growth, %

99%81%51%

Sales and marketing expense

2.9m

General and administrative expense

17.5m16.1m16.0m16.9m100.2m106.4m

Operating expense total

17.5m19.1m16.0m266.2m16.9m100.2m106.4m

EBIT

(283.0k)20.8m

EBIT margin, %

0%7%

Interest expense

9.5m8.0m2.8m5.8m9.0m3.7m10.6m

Interest income

309.0k127.0k2.1m447.0k154.0k

Investment income

(398.0k)259.0k(101.0k)154.0k

Pre tax profit

(165.7m)(87.7m)(8.3m)(1.6m)12.4m37.6m18.3m

Income tax expense

473.0k436.0k(109.5m)40.3m

Net Income

(165.9m)(90.2m)(9.5m)(1.9m)12.0m147.1m(21.9m)

AV Homes Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

124.3m79.8m144.7m180.3m46.9m67.8m241.0m

Accounts Receivable

7.7m6.7m3.9m2.9m7.2m13.7m

Prepaid Expenses

10.4m10.8m11.1m21.0m23.0m17.1m

Inventories

PP&E

38.0m36.7m37.8m36.9m35.0m33.7m32.7m

Goodwill

6.1m19.3m19.3m30.3m

Total Assets

409.1m337.9m466.7m668.9m742.0m840.2m1.0b

Accounts Payable

3.4m4.7m9.8m16.1m33.6m37.4m35.8m

Short-term debt

Long-term debt

105.4m105.4m300.0m326.7m472.1m

Total Debt

105.4m210.8m599.9m653.4m472.1m

Total Liabilities

154.4m158.0m165.0m382.1m440.3m389.4m578.2m

Common Stock

14.2m12.9m22.1m22.2m22.4m22.5m

Additional Paid-in Capital

283.0m262.4m394.5m397.0m399.7m401.6m404.9m

Retained Earnings

3.0m(106.1m)(127.5m)(129.4m)(117.5m)7.7m

Total Equity

254.6m179.9m301.7m286.7m301.7m450.8m432.0m

Debt to Equity Ratio

0.6 x0.7 x2.1 x2.2 x1.1 x

Debt to Assets Ratio

0.3 x0.5 x0.9 x0.9 x0.5 x

Financial Leverage

1.6 x1.9 x1.5 x2.3 x2.5 x1.9 x2.3 x

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

146.0m134.4m120.2m115.9m103.7m71.1m196.4m176.2m56.9m212.7m181.8m131.4m113.3m22.3m15.6m23.1m16.3m58.6m331.2m169.3m175.2m116.0m

Accounts Receivable

5.6m5.6m9.6m8.3m7.4m6.4m6.8m6.3m1.7m2.6m4.1m3.9m3.3m7.7m10.2m5.7m8.2m6.2m9.7m8.0m7.8m4.4m

Prepaid Expenses

12.9m11.8m10.3m10.5m10.5m10.2m10.4m10.0m11.1m21.4m21.0m21.0m22.5m22.3m11.2m14.3m13.0m9.6m14.5m12.7m16.8m21.7m

PP&E

44.9m38.5m36.3m37.6m38.1m36.4m36.1m38.4m37.7m37.1m36.4m36.5m36.1m35.6m34.5m33.8m34.2m33.7m33.7m33.2m37.8m39.9m

Goodwill

17.2m6.0m6.0m6.0m6.1m6.1m21.0m19.3m19.3m19.3m19.3m29.8m30.0m38.9m39.0m

Total Assets

559.9m435.8m395.5m390.3m377.7m332.3m461.5m464.5m470.1m655.9m665.6m666.2m704.6m756.1m723.0m844.9m834.8m837.9m1.2b1.0b1.0b1.0b

Accounts Payable

1.7m2.2m2.0m3.8m3.7m4.7m4.9m8.9m13.2m17.5m21.8m22.2m29.4m38.5m34.8m34.1m37.1m39.0m41.0m37.2m39.3m40.5m

Long-term debt

30.0m309.5m309.9m290.3m276.1m623.7m471.6m472.6m473.1m

Total Debt

210.8m210.8m600.0m600.0m599.9m670.4m653.4m309.5m309.9m290.3m276.1m623.7m471.6m472.6m473.1m

Total Liabilities

155.6m163.7m149.1m154.8m153.8m156.8m161.1m165.6m169.4m372.4m381.0m383.7m425.6m471.1m419.7m423.4m401.2m384.0m744.1m588.1m589.0m592.1m

Common Stock

15.4m15.4m13.3m13.2m13.1m12.9m15.5m22.1m22.2m22.2m22.2m22.4m22.5m22.5m22.8m22.8m22.7m22.6m22.6m22.6m22.5m22.5m

Additional Paid-in Capital

306.5m307.4m260.2m260.7m260.6m262.7m296.2m393.9m394.9m395.7m396.4m397.6m398.4m399.0m400.2m401.1m401.4m402.3m403.2m404.2m405.5m406.3m

Retained Earnings

161.2m28.1m(24.3m)(35.7m)(47.3m)(110.9m)(115.5m)(129.3m)(129.4m)(131.4m)(131.0m)(134.4m)(138.9m)(133.4m)(116.7m)689.0k12.6m32.0m32.7m31.2m3.6m6.5m

Total Equity

404.3m272.1m246.4m235.5m223.9m175.5m207.2m298.9m300.7m283.5m284.6m282.6m278.9m285.1m303.3m421.5m433.6m453.9m455.4m454.9m428.5m432.3m

Debt to Equity Ratio

0.7 x0.7 x2.1 x2.1 x2.1 x2.4 x2.3 x1 x0.7 x0.7 x0.6 x1.4 x1 x1.1 x1.1 x

Debt to Assets Ratio

0.5 x0.4 x0.9 x0.9 x0.9 x1 x0.9 x0.4 x0.4 x0.3 x0.3 x0.5 x0.5 x0.5 x0.5 x

Financial Leverage

1.4 x1.6 x1.6 x1.7 x1.7 x1.9 x2.2 x1.6 x1.6 x2.3 x2.3 x2.4 x2.5 x2.7 x2.4 x2 x1.9 x1.8 x2.6 x2.3 x2.4 x2.4 x

AV Homes Cash Flow

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(165.9m)(90.2m)(8.3m)(1.9m)12.0m147.1m(21.9m)

Depreciation and Amortization

3.8m4.4m2.8m3.3m3.7m6.4m6.9m

Accounts Receivable

(1.3m)

Inventories

11.2m(40.6m)(68.8m)(111.7m)(83.8m)(2.6m)19.0m

Accounts Payable

2.4m4.1m6.7m15.6m17.2m3.5m(12.9m)

Cash From Operating Activities

(17.6m)(48.3m)(62.4m)(81.4m)(59.0m)73.7m34.6m

Purchases of PP&E

(831.0k)(4.4m)(1.0m)(1.8m)(1.2m)(1.6m)(2.2m)

Cash From Investing Activities

3.2m(4.4m)(1.1m)(68.1m)(97.8m)(1.6m)(43.6m)

Short-term Borrowings

(40.0m)(81.8m)(230.0m)

Long-term Borrowings

(12.5m)(5.4m)

Cash From Financing Activities

23.2m8.2m128.5m185.1m23.4m(51.2m)182.2m

Net Change in Cash

8.8m(44.5m)64.9m35.6m(133.4m)20.9m173.2m

Income Taxes Paid

1.2m720.0k

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

(26.6m)(148.2m)(8.5m)(19.8m)(31.4m)(4.8m)(9.4m)(10.4m)(1.6m)(3.9m)(3.2m)(5.0m)(9.5m)(4.0m)791.0k118.2m130.0m2.4m3.1m1.6m(2.3m)656.0k

Depreciation and Amortization

1.9m2.8m942.0k2.2m3.5m645.0k1.3m2.1m769.0k1.6m2.4m829.0k1.8m2.8m1.6m3.1m4.7m1.6m3.6m5.3m2.1m4.3m

Accounts Receivable

(1.8m)

Inventories

49.0k(287.0k)6.0m1.9m(6.2m)(9.8m)(17.1m)(32.1m)(34.2m)(66.4m)(111.2m)(39.2m)(89.8m)(121.2m)(47.4m)(54.0m)(48.7m)(14.9m)(46.5m)(56.7m)(36.6m)(101.0m)

Accounts Payable

1.9m305.0k5.2m684.0k113.0k(1.4m)1.4m5.3m894.0k7.8m14.2m(2.8m)2.3m16.8m(7.6m)(1.3m)(1.6m)(8.9m)(6.6m)(9.1m)4.0m6.8m

Cash From Operating Activities

(3.5m)(17.8m)(2.1m)(4.4m)(13.4m)(8.3m)(11.9m)(31.1m)(22.8m)(53.2m)(82.6m)(46.5m)(98.0m)(112.4m)(19.2m)(7.5m)6.8m(8.1m)(36.1m)(38.0m)(22.5m)(78.2m)

Purchases of PP&E

(35.0k)(862.0k)(316.0k)(2.3m)(3.5m)(379.0k)(764.0k)(856.0k)(212.0k)(409.0k)(549.0k)(249.0k)(906.0k)(1.1m)(261.0k)(269.0k)(1.4m)(736.0k)(1.3m)(1.6m)(925.0k)(3.7m)

Cash From Investing Activities

(35.0k)(3.5m)(2.0m)(2.4m)(3.6m)(462.0k)(859.0k)(955.0k)(65.0m)(65.2m)(65.1m)(2.4m)(3.8m)(99.1m)(271.0k)(268.0k)(1.4m)(753.0k)(42.3m)(42.8m)(43.1m)(46.1m)

Short-term Borrowings

(44.6m)(63.2m)(46.8m)(46.8m)(66.8m)(77.2m)(230.0m)

Long-term Borrowings

(1.9m)(2.7m)(19.0k)(5.4m)(5.4m)

Cash From Financing Activities

34.1m33.3m(36.0k)(1.6m)(3.6m)70.0k129.4m128.4m17.0k186.3m184.9m(97.0k)34.7m53.4m(11.8m)(16.1m)(36.1m)(374.0k)341.9m182.4m(54.0k)(50.0k)

Net Change in Cash

30.5m18.9m(4.2m)(8.4m)(20.6m)(8.7m)116.6m96.4m(87.8m)68.0m37.1m(49.0m)(67.1m)(158.1m)(31.3m)(23.8m)(30.6m)(9.2m)263.4m101.5m(65.6m)(124.4m)

Income Taxes Paid

580.0k580.0k190.0k

AV Homes Employee Rating

3.98 votes
Culture & Values
4.1
Work/Life Balance
4.1
Senior Management
4.0
Salary & Benefits
4.0
Career Opportunities
3.6
Source