Legacy Housing Corp
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 15, 2024
LEGH$29.74-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of December 31, 2023 and 2022
BALANCE SHEETS (in thousands, except share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · December 31, · December 31, | ||||||
| · · 2023 · · 2022 | ||||||
| Assets | | | | | | |
| Current assets: · · | ||||||
| Cash | | $748 | | $2,818 | ||
| Held to maturity securities | | | — | | | 8,412 |
| Accounts receivable, net | | 4,656 | | 4,873 | ||
| Current portion of contracts - dealer financed | | | 32,538 | | | 29,441 |
| Current portion of consumer loans receivable | | 7,682 | | 6,801 | ||
| Current portion of notes receivable from mobile home parks (“MHP”) | | 18,156 | | 9,670 | ||
| Current portion of other notes receivable | | 6,013 | | 8,927 | ||
| Inventories | | 33,176 | | 32,075 | ||
| Prepaid expenses and other current assets | | 4,915 | | 4,064 | ||
| Total current assets | | 107,884 | | 107,081 | ||
| Contracts - dealer financed | | — | | 595 | ||
| Consumer loans receivable, net | | 148,818 | | 132,208 | ||
| Notes receivable from mobile home parks (“MHP”), net | | 163,824 | | 133,072 | ||
| Other notes receivable, net | | 28,577 | | 13,795 | ||
| Inventories, net | | | 7,793 | | | 6,987 |
| Other assets - leased mobile homes | | | 7,601 | | | 8,824 |
| ROU assets - operating leases | | | 1,794 | | | 2,663 |
| Other assets | | 2,571 | | 1,482 | ||
| Property, plant and equipment, net | | 37,880 | | 30,106 | ||
| Total assets | | $506,742 | | $436,813 | ||
| Liabilities and Stockholders' Equity | | | ||||
| Current liabilities: | | | ||||
| Accounts payable | | $4,090 | | $4,549 | ||
| Accrued liabilities | | 18,504 | | 16,895 | ||
| Customer deposits | | 4,146 | | 9,715 | ||
| Escrow liability | | 10,104 | | 9,653 | ||
| Operating lease obligation | | | 489 | | | 650 |
| Total current liabilities | | 37,333 | | 41,462 | ||
| Long‑term liabilities: | | | ||||
| Operating lease obligation, less current portion | | | 1,396 | | | 2,121 |
| Lines of credit | | 23,680 | | 2,545 | ||
| Deferred income taxes, net | | | 2,338 | | | 3,065 |
| Dealer incentive liability | | 5,260 | | 5,516 | ||
| Total liabilities | | 70,007 | | 54,709 | ||
| Commitments and contingencies (Note 17) | | | ||||
| Stockholders' equity: | | | | | | |
| Preferred stock, $.001 par value, 10,000,000 shares authorized: no shares issued or outstanding | | | — | | | — |
| Common stock, $.001 par value, 90,000,000 shares authorized; 24,843,494 and 24,814,695 issued and 24,398,429 and 24,369,630 outstanding at December 31, 2023 and 2022, respectively | | | 30 | | | 30 |
| Treasury stock at cost, 445,065 shares at December 31, 2023 and 2022, respectively | | | (4,477) | | | (4,477) |
| Additional paid-in-capital | | | 181,424 | | | 180,555 |
| Retained earnings | | | 259,758 | | | 205,996 |
| Total stockholders' equity | | | 436,735 | | | 382,104 |
| Total liabilities and stockholders' equity | | $506,742 | | $436,813 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.