Dream Finders Homes Inc
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
DFH$11.87-7.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
| September 30, 2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $204,906 | $494,145 |
| Restricted cash | 27,942 | 54,311 |
| Accounts receivable | 30,202 | 30,874 |
| Inventories | 2,060,168 | 1,440,249 |
| Lot deposits | 367,893 | 247,207 |
| Other assets | 105,578 | 80,759 |
| Investments in unconsolidated entities | 6,558 | 15,364 |
| Mortgage loans held for sale | 177,610 | — |
| Property and equipment, net | 24,898 | 7,043 |
| Right-of-use assets | 18,592 | 20,280 |
| Goodwill | 300,313 | 172,207 |
| Total assets | $3,324,660 | $2,562,439 |
| Liabilities | ||
| Accounts payable | $168,982 | $134,115 |
| Accrued expenses | 186,667 | 207,389 |
| Customer deposits | 130,199 | 172,574 |
| Construction lines of credit | 991,208 | 530,384 |
| Senior unsecured notes, net | 294,713 | 293,918 |
| Mortgage warehouse facilities | 170,167 | — |
| Lease liabilities | 19,515 | 21,114 |
| Contingent consideration | 73,497 | 116,795 |
| Total liabilities | $2,034,948 | $1,476,289 |
| Commitments and contingencies (Note 5) | ||
| Mezzanine Equity | ||
| Redeemable preferred stock | 148,500 | 148,500 |
| Redeemable noncontrolling interest | 21,451 | — |
| Equity | ||
| Class A common stock, $0.01 per share, 289,000,000 authorized, 34,502,077 and 32,882,124 issued as of September 30, 2024 and December 31, 2023, respectively | 345 | 329 |
| Class B common stock, $0.01 per share, 61,000,000 authorized, 59,226,153 and 60,226,153 issued as of September 30, 2024 and December 31, 2023, respectively | 592 | 602 |
| Additional paid-in capital | 276,431 | 275,241 |
| Retained earnings | 844,375 | 648,412 |
| Treasury stock, at cost, 251,997 shares of Class A common stock as of September 30, 2024 | (6,670) | — |
| Total Dream Finders Homes, Inc. stockholders’ equity | 1,115,073 | 924,584 |
| Noncontrolling interests | 4,688 | 13,066 |
| Total equity | 1,119,761 | 937,650 |
| Total liabilities, mezzanine equity and equity | $3,324,660 | $2,562,439 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.