Trade M.D.C. Holdings, Inc. - MDC CFD

M.D.C. Holdings, Inc. Company profile

About M.D.C. Holdings, Inc.

M.D.C. Holdings, Inc. is engaged in the business of homebuilding and financial services. The Company's segments include West, including segments located in Arizona, California, Nevada and Washington, and Oregon; Mountain, including segments located in Colorado and Utah; East, including segments located in the mid-Atlantic, which includes Virginia and Maryland, and Florida; mortgage operations, including HomeAmerican Mortgage Corporation, and Other, which includes Allegiant Insurance Company, Inc., StarAmerican Insurance Ltd., American Home Insurance Agency, Inc. and American Home Title and Escrow Company. The homebuilding operations consist of subsidiary companies that purchases finished lots or develop lots necessary for the construction and sale of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes. It also includes land acquisition and development, home construction, and sales and marketing, and customer service.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, M.D.C. Holdings, Inc. revenues increased 35% to $5.25B. Net income applicable to common stockholders increased 56% to $570.7M. Revenues reflect Homebuilding- west segment increase of 41% to $2.96B, Homebuilding-Mountain segment increase of 21% to $1.57B. Net income benefited from Equity Earnings -Before Taxes decrease from $8.3M (expense) to $0K, Interest and other income increase of 41% to $6M (income).

Equity composition

Common Stock $.01 Par, 04/11, 250M auth., 47,351,000 issd, Less 56,000 shs in Treas @$659K. Insiders control 19.93%. PO 10/85, 1M shs. @ $11 byDrexelBurnham. 3/04, 5/03, 2/01, 10% stock dividends.1/05, 13-for-10 stock split.