Post-effective amendment to a registration statement that is not immediately effective upon filing

Consolidated Statements of Cash Flow

v3.20.4
Consolidated Statements of Cash Flow - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net (loss) income $ (2,096,495) $ 1,771,836  
Changes in operating assets and liabilities:      
Accounts payable 1,840,060 13,224  
Net cash used in operating activities (806,931) (1,957,116)  
Cash flows from investing activities:      
Net cash provided by investing activities 52,971,974 1,171,717  
Cash flows from financing activities:      
Net cash (used in) provided by financing activities (52,257,462) 750,000  
Net decrease in cash (92,419) (35,399)  
Landsea Homes [Member]      
Cash flows from operating activities:      
Net (loss) income (9,084,000) 22,391,000 $ 36,706,000
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Depreciation and amortization 3,580,000 2,960,000 1,556,000
Impairment of real estate held for sale 0 0 440,000
Inventory impairments 3,413,000 0 0
Abandoned project costs 380,000 696,000 211,000
Distributions of earnings from unconsolidated joint ventures 0 3,561,000 13,582,000
Equity in net loss (earnings) of unconsolidated joint ventures 16,418,000 7,901,000 (13,018,000)
Deferred taxes (5,024,000) (1,345,000) (6,880,000)
Changes in operating assets and liabilities:      
Cash held in escrow (2,782,000) (7,132,000) (1,704,000)
Real estate inventories and inventories not owned (19,895,000) 94,382,000 (77,488,000)
Due from affiliates (174,000) 1,445,000 (1,045,000)
Notes receivable from lot sales 0 17,450,000 17,000,000
Other assets (756,000) (3,605,000) (3,999,000)
Accounts payable 15,744,000 (20,601,000) 17,733,000
Accrued expenses and other liabilities 10,779,000 (11,908,000) 794,000
Due to affiliates 1,010,000 (153,000) 1,499,000
Net cash used in operating activities 13,609,000 106,042,000 (14,613,000)
Cash flows from investing activities:      
Purchases of property and equipment (1,794,000) (5,585,000) (3,408,000)
Distributions of capital from unconsolidated joint ventures 5,196,000 1,681,000 17,055,000
Contributions and advances to unconsolidated joint ventures 0 0 (90,000)
Repayments of advances from unconsolidated joint ventures 0 5,000,000 5,000,000
Payments for business acquisition, net of cash acquired (128,528,000) (23,562,000) 0
Proceeds from sale of real estate held for sale 0 0 2,325,000
Additions to real estate held for sale 0 0 (28,000)
Net cash provided by investing activities (125,126,000) (22,466,000) 20,854,000
Cash flows from financing activities:      
Borrowings from notes and other debts payable 600,391,000 276,559,000 340,382,000
Repayments of notes and other debts payable (505,942,000) (296,203,000) (274,477,000)
Borrowings from land bank financing 0 0 38,924,000
Repayments of land bank financing 0 (41,667,000) (38,631,000)
Contributions from noncontrolling interests 198,000 130,000 2,036,000
Distributions to noncontrolling interests (15,414,000) 0 0
Deferred offering costs paid (7,466,000) 0 0
Debt issuance costs paid (5,532,000) (1,299,000) (9,710,000)
Cash (distributed to) provided by parent, net 1,048,000 (15,693,000) (25,758,000)
Net cash (used in) provided by financing activities 65,187,000 (46,787,000) 84,282,000
Net decrease in cash (46,330,000) 36,789,000 90,523,000
Cash, cash equivalents, and restricted cash at beginning of year 156,378,000 119,589,000 29,066,000
Cash, cash equivalents, and restricted cash at end of year $ 110,048,000 $ 156,378,000 $ 119,589,000