$GRBK-PA

BioFuel Energy Corp.

CIK:0001373670|SEC Filings

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Total revenues	$ 493,839	$ 540,878	$ 959,498	$ 1,030,198
Cost of Product and Service Sold	336,320	367,049	660,592	695,717
Financial services expenses	6,604	3,420	11,955	6,478
Selling, general and administrative expenses	54,396	57,437	106,989	110,004
Equity in income of unconsolidated entities	611	511	1,731	984
Other income (loss), net	2,347	(1,195)	2,047	(547)
Income before income taxes	99,477	112,288	183,740	218,436
Income tax expense	20,699	22,957	39,124	45,180
Net income	78,778	89,331	144,616	173,256
Less: Net income attributable to noncontrolling interests	4,608	7,383	9,501	16,249
Net income attributable to Green Brick Partners, Inc.	$ 74,170	$ 81,948	$ 135,115	$ 157,007
Net income attributable to Green Brick Partners, Inc. per common share:
Basic (in dollars per share)	$ 1.71	$ 1.86	$ 3.10	$ 3.53
Diluted (in dollars per share)	$ 1.70	$ 1.85	$ 3.09	$ 3.52
Basic (in shares)	43,070	43,770	43,110	44,103
Diluted (in shares)	43,279	43,824	43,304	44,188
Residential Real Estate [Member]
Total revenues	$ 471,996	$ 532,525	$ 920,483	$ 1,014,674
Cost of Product and Service Sold	331,418	366,072	650,034	693,525
Real Estate, Other [Member]
Total revenues	9,600	2,038	17,100	4,342
Cost of Product and Service Sold	4,902	977	10,558	2,192
Financial Service
Total revenues			21,915	11,182
Home Building
Total revenues	$ 481,596	$ 534,563	$ 937,583	$ 1,019,016

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 144,616	$ 173,256
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	2,159	2,487
Loss (gain) on disposal of property and equipment, net	0	(8)
Share-based compensation expense	6,209	9,523
Equity in income of unconsolidated entities	(1,731)	(984)
Allowances for option deposits and pre-acquisition costs	1,546	3,229
Distributions from unconsolidated entities	27,082	3,424
Changes in operating assets and liabilities:
Decrease (increase) in receivables	11,645	(28,139)
Increase in inventory	(154,011)	(38,572)
Decrease (increase) in earnest money deposits	2,411	(1,778)
Increase (Decrease) in Loan, Mortgage, Held-for-Sale	14,334	0
(Increase) decrease in other assets	(3,923)	6,962
Increase in accounts payable	16,411	19,084
Decrease in accrued expenses	(20,036)	(7,591)
Increase in customer and builder deposits	707	2,567
Net cash provided by operating activities	47,419	143,460
Cash flows from investing activities:
Investments in unconsolidated entities	(10,009)	(24,200)
Purchases of property and equipment	(2,190)	(1,400)
Net cash used in investing activities	(12,199)	(25,600)
Cash flows from financing activities:
Borrowings from lines of credit	50,000	95,000
Repayments of lines of credit	(50,000)	(120,000)
Repayments of Unsecured Debt	(25,000)	(25,000)
Proceeds from (Repayments of) Short-Term Debt, Maturing in Three Months or Less	(11,766)	4,194
Payments of debt issuance costs	(162)	(71)
Payments of withholding tax on vesting of restricted stock awards	(1,799)	(3,059)
Repurchases of common stock	(16,685)	(60,736)
Dividends paid	(1,438)	(1,438)
Distributions to redeemable noncontrolling interest	(5,669)	(4,029)
Distributions to noncontrolling interests	(9,278)	(16,624)
Net cash used in financing activities	(71,797)	(131,763)
Net decrease in cash and cash equivalents and restricted cash	(36,577)	(13,903)
Cash and cash equivalents and restricted cash, beginning of period	190,985	159,696
Cash and cash equivalents and restricted cash, end of period	154,408	145,793
Supplemental Cash Flow Information [Abstract]
Income Tax Paid, after Refund Received	$ 42,256	$ 35,546

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 131,642		$ 154,590
Restricted cash	22,766		36,395
Receivables	28,337		39,982
Total inventory	2,253,889		2,099,211
Loan, Mortgage, Held-for-Sale, Fair Value Disclosure	34,765		49,099
Investments in unconsolidated entities	77,708		93,050
Right-of-use assets - operating leases	6,740		7,475
Property and equipment, net	6,390		6,316
Earnest money deposits	10,683		13,151
Deferred income tax assets, net	11,243		11,243
Intangible assets, net	154		197
Goodwill	680		680
Other assets	25,754		23,378
Total assets	2,610,751		2,534,767
Liabilities [Abstract]
Accounts payable	110,927		94,516
Accrued expenses	132,602		152,637
Customer and builder deposits	26,422		25,716
Lease liabilities - operating leases	7,844		8,637
Line of Credit, Current, After Adjustments	(2,152)		(2,465)
Senior unsecured notes, net	237,164		261,972
Warehouse Agreement Borrowings	34,632		46,398
Notes payable	14,371		14,371
Total liabilities	561,810		601,782
Commitments and contingencies
Redeemable noncontrolling interest in equity of consolidated subsidiary	$ 55,035		$ 52,271
Preferred stock, shares issued (in shares)	2,000		2,000
Preferred stock, par value (in dollars per share)	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000
Preferred stock, shares outstanding (in shares)	2,000	2,000	2,000	2,000	2,000	2,000
Green Brick Partners, Inc. stockholders’ equity
Preferred stock, $0.01 par value: 5,000,000 shares authorized; 2,000 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	$ 47,603	$ 47,603	$ 47,603	$ 47,603	$ 47,603	$ 47,603
Shares, Outstanding	43,010,895		43,205,947
Common stock, shares authorized (in shares)	100,000,000
Common stock, par value (in dollars per share)	$ 0.01
Common Stock, Value, Issued	$ 430	431	$ 432	436	446	445
Treasury Stock, Value	0		0	0	(16,919)	0
Additional paid-in capital	241,886	247,623	243,816	244,006	252,728	244,653
Retained earnings	1,685,577	1,620,702	1,567,111	1,433,328	1,407,054	1,332,714
Total Green Brick Partners, Inc. stockholders’ equity	1,975,496	1,916,359	1,858,962	1,725,373	1,690,912	1,625,415
Noncontrolling interests	18,410	15,258	21,752	23,562	22,536	28,039
Total equity	1,993,906	$ 1,931,617	1,880,714	$ 1,748,935	$ 1,713,448	$ 1,653,454
Total liabilities and equity	2,610,751		2,534,767
Inventory owned	2,091,391		1,941,524
Consolidated inventory related to VIE	$ 162,498		$ 157,687