William Lyon Homes and subsidiaries are primarily engaged in the design, construction and sale of single family detached and attached homes in California, Arizona and Nevada. Since the founding of the Company’s predecessor in 1956, the Company has sold over 72,000 homes. The Company conducts its homebuilding operations through four reportable operating segments (Southern California, Northern California, Arizona and Nevada) including wholly-owned projects, projects being developed in joint ventures and projects being built and marketed on a “fee basis”. For 2009, approximately 62% of the home closings of the Company were derived from its California operations. For the year ended December 31, 2009, on a consolidated basis the Company had revenues from home sales of $253.9 million and delivered 915 homes, which includes $5.6 million of revenue and 17 homes from consolidated joint ventures. The Company recorded $34.1 million of revenue on 176 delivered homes for the year ended December 31, 2009 related to homes built and marketed on a “fee basis.”
William Lyon Homes Office Locations
William Lyon Homes Financials and Metrics
William Lyon Homes Financials
| USD | |
|---|---|
Revenue (Q1, 2018) | 373.4 m |
Net income (Q1, 2018) | 12.6 m |
EBIT (Q1, 2018) | 14.4 m |
Market capitalization (22-Jun-2018) | 874.5 m |
Closing share price (22-Jun-2018) | 23 |
| usd | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 372.8 m | 372.8 m | 1.1 b | 1.4 b |
Revenue growth, % | 197% | 27% | ||
Sales and marketing expense | 72.5 m | |||
General and administrative expense | 73.4 m |
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 150.8 m | 150 m | 179.8 m | 206.9 m | 197.2 m | 254.7 m | 251.7 m | 264.4 m | 325.7 m | 342.7 m | 258.9 m | 422.7 m | 373.4 m |
Sales and marketing expense | 6.7 m | 6.6 m | 8.9 m | 12.5 m | 12.2 m | 14.9 m | 15.4 m | 15 m | 18.1 m | 18.2 m | 14.7 m | 21.3 m | 22.7 m |
General and administrative expense | 10.2 m | 12.1 m | 11 m | 12.7 m | 13.9 m | 13.4 m | 14 m | 17.8 m | 16.7 m | 17.4 m | 18.9 m | 19.6 m | 24.5 m |
Operating expense total | 16.9 m | (134.2 m) | (159.2 m) | (197.6 m) | (186.8 m) | (234.8 m) | (236.2 m) | (251.1 m) | (304.5 m) | (321.4 m) | (252.5 m) | (394.5 m) | (358.9 m) |
| usd | Y, 2013 | Y, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 171.7 m | 52.8 m | 50.2 m | 42.6 m |
Accounts Receivable | 50 k | |||
Goodwill | 60.9 m | 66.9 m | 66.9 m |
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 151 m | 102.8 m | 35.1 m | 29.5 m | 60.6 m | 26.4 m | 35.8 m | 39.8 m | 40.7 m | 39.5 m | |||
Accounts Receivable | 14 m | ||||||||||||
Goodwill | 14.2 m | 14.2 m | 14.2 m | 63.1 m | 60.9 m | 60.9 m | 66.9 m | 66.9 m | 66.9 m | 66.9 m | 66.9 m | 66.9 m | 118.9 m |
Total Assets | 799 m | 1.2 b | 1.2 b | 1.7 b | 1.7 b | 1.8 b | 2 b | 2 b | 2.1 b | 2.1 b | 2 b | 2.1 b | 2.6 b |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | (6.9 m) | (6.9 m) | 60.3 m | 68 m |
Depreciation and Amortization | 6.6 m | (957 k) | ||
Accounts Payable | 7.7 m | 7.7 m | 24.1 m | (1.6 m) |
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 10.7 m | 11.3 m | 14.8 m | 7.6 m | 7.6 m | 13.3 m | 12.3 m | 9.9 m | 15.1 m | 16.5 m | (9.3 m) | 12.6 m |
Depreciation and Amortization | (502 k) | (174 k) | (203 k) | (462 k) | (45 k) | 2.1 m | ||||||
Accounts Payable | 31 m | 47.9 m | 59.3 m | 69.5 m | 115.3 m | 78.9 m | 89.1 m | 76.9 m | 72.7 m | 20.7 m | ||
Cash From Operating Activities | 98 m |
| USD | Y, 2018 |
|---|---|
Financial Leverage | 3.1 x |
