Hovnanian Enterprises, Inc. (HOV) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | -67.1M | 140.89M | 169.07M | 52.78M | 22.3M | -55.88M | 115.82M | -92.28M | 89.1M | -89M | 143.68M | 225.63M | 97.21M | -31.25M | 118.06M | 33.61M | 53.53M | -115.73M | 127.94M | 66.81M |
| Operating CF Margin % | -10.05% | 22.29% | 20.67% | 6.59% | 3.25% | -8.3% | 11.82% | -12.77% | 12.58% | -15% | 16.2% | 34.71% | 13.82% | -6.06% | 13.31% | 4.38% | 7.62% | -20.47% | 15.71% | 9.67% |
| Operating CF Growth % | -400.84% | 352.13% | 45.97% | 157.19% | -74.97% | 37.22% | -19.39% | -140.9% | -8.34% | -184.85% | 21.69% | 571.4% | 81.62% | 73% | -7.72% | -49.7% | -51.13% | -23.04% | 27.95% | -40.93% |
| Net Income | -595K | 20.86M | -667K | 16.61M | 19.73M | 28.19M | 94.35M | 72.92M | 50.84M | 23.9M | 97.27M | 55.76M | 34.15M | 18.72M | 55.63M | 82.61M | 62.44M | 24.81M | 52.48M | 47.7M |
| Depreciation & Amortization | 3.54M | 3.27M | 5.35M | 3.19M | 3.02M | 2.3M | 2.05M | 2.07M | 2.01M | 1.6M | 1.57M | 1.3M | 4.51M | 1.41M | 1.45M | 1.52M | 1.31M | 1.18M | 1.19M | 1.27M |
| Stock-Based Compensation | 1.82M | 1.58M | 2.55M | 6.24M | 4.23M | 3.65M | 5.06M | 9.19M | 6.95M | 4.07M | 4.67M | 5.32M | 2.17M | 2.07M | 3.87M | 3.01M | 1.76M | 1.64M | 2.36M | 3.56M |
| Deferred Taxes | 617K | 6.83M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -23.69M | -32.4M | 42.09M | -11.09M | -8.57M | 2.07M | -7.98M | -104.22M | -8.84M | 16.35M | -45.26M | -14.78M | -5.53M | 30.77M | -16.17M | -4.04M | -6.55M | 63M | -14.16M | -4.86M |
| Working Capital Changes | -48.79M | 140.74M | 119.76M | 37.83M | 3.89M | -92.09M | 22.34M | -72.24M | 38.15M | -134.93M | 85.42M | 178.03M | 61.92M | -84.21M | 73.28M | -49.5M | -5.43M | -206.34M | 86.07M | 19.15M |
| Change in Receivables | -14.81M | -12.21M | 7.68M | -5.64M | 45.41M | -41.93M | 13.24M | -23.22M | -6.61M | 4.69M | -1.34M | 8.12M | -1.26M | 5.77M | 10.83M | -9.13M | -2.2M | -2.14M | -1.04M | -4.51M |
| Change in Inventory | -84.37M | 180.66M | 137.23M | 34.99M | -80.53M | -43K | -2.25M | -112.86M | 46.26M | -114.67M | 61.46M | 168.76M | 36.78M | 11.67M | 53.86M | -94.29M | -79.34M | -159.23M | 61.06M | -33.52M |
| Change in Payables | 21.52M | -52.02M | -28.07M | 14.2M | 40.31M | -62.84M | -4.17M | 45.51M | -8.14M | -33.55M | 14.5M | 3.49M | 20.59M | -98.13M | 3.62M | 29.32M | 45.26M | -70.49M | 11.35M | 34.75M |
| Cash from Investing | -2.15M | -29.12M | -5.37M | -27.69M | -7.88M | -25.07M | -6.18M | -3.1M | -33.08M | -4.12M | 180K | -57.96M | 2.82M | -23.28M | 1.13M | -185K | -173K | -2.93M | 2.02M | 19.41M |
| Capital Expenditures | -3.35M | -8.77M | -5.09M | -7.01M | -6.32M | -3.69M | -4.42M | -3.55M | -4.44M | -5.44M | -5.62M | -5.03M | -4.43M | -3.74M | -3.99M | -3.27M | -2.88M | -2.45M | -2.05M | -1.43M |
| CapEx % of Revenue | 0.5% | 1.39% | 0.62% | 0.88% | 0.92% | 0.55% | 0.45% | 0.49% | 0.63% | 0.92% | 0.63% | 0.77% | 0.63% | 0.73% | 0.45% | 0.43% | 0.41% | 0.43% | 0.25% | 0.21% |
| Acquisitions | -2.96M | 31.52M | -644K | -20.68M | -2.8M | -26.09M | -2.27M | 318K | -32.48M | 43K | 738K | -58.52M | 2.2M | -22.24M | 204K | -17K | 881K | -1.03M | -213K | 13.24M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 4.16M | -51.87M | 358K | 1K | 1.24M | 4.71M | 519K | 141K | 3.84M | 1.32M | 5.06M | 5.59M | 5.05M | 2.7M | 4.92M | 3.1M | 1.83M | 559K | 4.28M | 7.59M |
| Cash from Financing | 41.85M | -52.63M | -39.87M | 50.5M | -39.45M | -41.58M | -26.76M | 48.33M | -63.23M | -146.27M | -33.71M | -171.01M | -8.6M | -48.39M | -15.59M | 38.31M | -56.36M | 17.12M | -53.63M | -122.79M |
| Debt Issued (Net) | 52.94M | -40.96M | -37.26M | 54.73M | -23.88M | -19.7M | -23.28M | 63.92M | -44.7M | -142.69M | -20.07M | -167.26M | -4.58M | -40.45M | 4.6M | 42.5M | -51.5M | 21.79M | -51.99M | -122.16M |
| Equity Issued (Net) | -9.54M | -9M | 58K | 94K | -12.35M | -18.05M | 11K | -11.39M | -15.15M | 0 | 0 | 0 | 0 | -4.8M | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -2.67M | -2.67M | -2.67M | -2.67M | -2.67M | -2.67M | -2.67M | -2.67M | -2.67M | -2.67M | -2.67M | -2.67M | -2.67M | -2.67M | -3.02M | -2.83M | -2.79M | -2.82M | -255K | -309K |
| Share Repurchases | -9.54M | -9M | 58K | 94K | -12.35M | -18.05M | 11K | -11.39M | -15.15M | 0 | 0 | 0 | 0 | -4.8M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 1.12M | -384K | -22.93M | -1.65M | -554K | -1.15M | -818K | -1.53M | -714K | -910K | -10.98M | -1.08M | -1.35M | -464K | -17.17M | -1.36M | -2.07M | -1.85M | -1.38M | -321K |
| Net Change in Cash | -27.4M | 59.14M | 123.83M | 75.6M | -25.02M | -122.52M | 82.89M | -47.05M | -7.2M | -239.4M | 110.14M | -3.34M | 91.43M | -102.91M | 103.61M | 71.73M | -3.01M | -101.54M | 76.33M | -36.57M |
| Free Cash Flow | -70.45M | 132.12M | 163.99M | 45.77M | 15.98M | -59.56M | 111.4M | -95.84M | 84.66M | -94.45M | 138.06M | 220.6M | 92.78M | -34.99M | 114.08M | 30.34M | 50.64M | -118.18M | 125.89M | 65.38M |
| FCF Margin % | -10.55% | 20.91% | 20.05% | 5.72% | 2.33% | -8.84% | 11.37% | -13.26% | 11.95% | -15.92% | 15.56% | 33.94% | 13.19% | -6.79% | 12.86% | 3.95% | 7.21% | -20.91% | 15.46% | 9.47% |
| FCF Growth % | -540.76% | 321.81% | 47.2% | 147.76% | -81.12% | 36.93% | -19.31% | -143.44% | -8.75% | -169.95% | 21.02% | 627.21% | 83.21% | 70.4% | -9.38% | -53.6% | -53.12% | -24.37% | 26.82% | -41.8% |
| FCF per Share | -10.92 | 20.36 | 25.35 | 7.15 | 2.30 | -8.42 | 15.88 | -13.60 | 12.27 | -13.61 | 20.41 | 32.90 | 14.36 | -5.41 | 16.90 | 4.64 | 7.82 | -18.18 | 19.47 | 10.16 |
| FCF Conversion (FCF/Net Income) | 236.26x | 6.75x | -253.48x | 3.18x | 1.13x | -1.98x | 1.23x | -1.27x | 1.75x | -3.72x | 1.48x | 4.05x | 2.85x | -1.67x | 2.12x | 0.41x | 0.86x | -4.66x | 2.44x | 1.40x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 24.71M | 0 | 0 | 0 | 35.95M | -468K | 0 | 0 | 27.6M | -9.17M | 0 | 0 | 32.4M | 7.62M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 838K | 2.68M | 5.74M | 435K | 836K | 1.68M | 6.8M | 84K | 5.37M | 3.79M | 4.89M | 7K | 1.82M | 2.44M |