$CCS

Century Communities, Inc.

CIK:0001576940|SEC Filings

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues
Total revenues	$ 927,227	$ 1,000,724	$ 1,716,900	$ 1,903,957
Selling, general and administrative expense	(127,416)	(128,837)	(243,498)	(249,596)
Other income (expense), net	1,851	(2,663)	2,204	(7,702)
Income before income tax expense	49,068	47,083	82,399	99,601
Income tax expense	(12,920)	(12,229)	(21,842)	(25,363)
Net income	$ 36,148	$ 34,854	$ 60,557	$ 74,238
Earnings per share:
Basic	$ 1.26	$ 1.15	$ 2.09	$ 2.43
Diluted	$ 1.26	$ 1.14	$ 2.09	$ 2.40
Weighted average common shares outstanding:
Basic	28,637,901	30,366,109	28,912,225	30,582,376
Diluted	28,653,398	30,680,708	28,933,927	30,912,086
Homebuilding [Member]
Revenues
Total revenues	$ 901,783	$ 976,950	$ 1,669,060	$ 1,861,649
Cost of revenues	(737,046)	(804,591)	(1,362,908)	(1,513,334)
Home Sales [Member]
Revenues
Total revenues	897,528	976,467	1,631,634	1,860,204
Cost of revenues	(735,368)	(804,522)	(1,338,659)	(1,512,437)
Land Sales And Other [Member]
Revenues
Total revenues	4,255	483	37,426	1,445
Cost of revenues	(1,678)	(69)	(24,249)	(897)
Financial Services Costs [Member]
Revenues
Total revenues	25,444	23,774	47,840	42,308
Cost of revenues	$ (15,548)	$ (17,550)	$ (30,299)	$ (33,724)

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities
Net income	$ 60,557	$ 74,238
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	10,741	12,862
Stock-based compensation expense	7,180	8,233
Fair value adjustments of mortgage-related assets and liabilities	(2,972)	782
Inventory impairment		7,771
Abandonment of lot option contracts	2,079	4,148
Deferred income taxes	1,859	905
Other	(2,833)	(36)
Changes in assets and liabilities:
Cash held in escrow	8,862	(31,345)
Accounts receivable	(7,083)	(13,845)
Inventories	(237,810)	(85,927)
Mortgage loans held for sale	66,802	54,491
Prepaid expenses and other assets	(46,709)	(70,038)
Accounts payable	36,882	12,183
Accrued expenses and other liabilities	(29,994)	(22,047)
Net cash used in operating activities	(132,439)	(47,625)
Investing activities
Purchases of property and equipment	(14,255)	(9,781)
Proceeds from sale of mortgage servicing rights		42,756
Other investing activities	(26,831)	(3,340)
Net cash (used in) provided by investing activities	(41,086)	29,635
Financing activities
Borrowings under revolving credit facility	989,300	1,395,000
Payments on revolving credit facility	(711,200)	(1,260,500)
Borrowing under construction loan agreements	28,713	25,251
Proceeds from issuance of notes and other	23,790	12,266
Principal payments on notes and other	(25,951)	(11,019)
Debt issuance costs		(1,342)
Net payments for mortgage repurchase facilities	(56,740)	(51,364)
Withholding of common stock upon settlement of stock-based compensation awards	(15,281)	(17,236)
Repurchases of common stock under stock repurchase program	(59,615)	(103,616)
Payments for excise tax on repurchases of common stock	(1,169)	(685)
Dividend payments	(18,467)	(17,705)
Net cash provided by (used in) financing activities	153,380	(30,950)
Net decrease	(20,145)	(48,940)
Cash and cash equivalents and Restricted cash, Beginning of period	139,554	175,323
Cash and cash equivalents and Restricted cash, End of period	119,409	126,383
Supplemental cash flow disclosure
Cash paid for income taxes	24,932	34,980
Cash and cash equivalents and Restricted cash
Cash and cash equivalents	92,334	93,246
Restricted cash (Note 5)	27,075	33,137
Cash and cash equivalents and Restricted cash	$ 119,409	$ 126,383

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets
Cash and cash equivalents	$ 92,334	$ 109,443
Cash held in escrow	39,709	48,571
Accounts receivable	64,824	57,242
Inventories	3,598,982	3,361,158
Mortgage loans held for sale	233,347	299,145
Prepaid expenses and other assets	511,559	435,683
Property and equipment, net	73,090	69,368
Deferred tax assets, net	36,317	38,176
Goodwill	41,109	41,109
Total assets	4,691,271	4,459,895
Liabilities:
Accounts payable	151,298	114,416
Accrued expenses and other liabilities	290,348	310,602
Notes payable	1,121,745	1,102,376
Revolving line of credit	329,600	51,500
Mortgage repurchase facilities	232,529	289,269
Total liabilities	2,125,520	1,868,163
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
Common stock, $0.01 par value, 100,000,000 shares authorized, 28,432,620 and 29,050,515 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	284	291
Additional paid-in capital	318,276	385,962
Retained earnings	2,247,191	2,205,479
Total stockholders' equity	2,565,751	2,591,732
Total liabilities and stockholders' equity	$ 4,691,271	$ 4,459,895