MI 家居 2025年季度报告

1934 For the transition period from ____________ to _____________________ Commission File Number1-12434 M/I HOMES, INC.(Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 4131 Worth Avenue,Suite 500,Columbus,Ohio43219 (Address of principal executive offices) (Zip Code) Securities registered pursuant to Section 12(b) of the Exchange Act:Trading Symbol(s)Name of each exchange on which registeredMHONew York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller Large accelerated filer☒Accelerated filerNon-accelerated filer☐Smaller reporting companyEmerging growth company NOTE1. Basis of PresentationThe accompanying Unaudited Condensed Consolidated Financial Statements (the “financial statements”) of M/I Homes, Inc. and itssubsidiaries (the “Company”) and notes thereto have been prepared in accordance with the rules and regulations of the Securities andExchange Commission (the “SEC”) for interim financial information. The financial statements include the accounts of the Company.All intercompany transactions have been eliminated. Results for the interim period are not necessarily indicative of results for a full The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America(“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities anddisclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues andexpenses during that period. Actual results could differ from these estimates and have a significant impact on the financial conditionand results of operations and cash flows. With regard to the Company, estimates and assumptions are inherent in calculations relatingto valuation of inventory and investment in unconsolidated joint ventures, property and equipment depreciation, valuation ofderivative financial instruments, accounts payable on inventory, accruals for costs to complete inventory, accruals for warranty claims, In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures(“ASU 2023-07”). ASU 2023-07 requiresdisclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and includedwithin each reported measure of segment profit or loss, an amount and description of its composition for other segment items toreconcile to segment profit or loss, and the title and position of the entity’s CODM. The amendments in this update also expand theinterim segment disclosure requirements. ASU 2023-07 was applied retrospectively and is effective for annual reporting periods infiscal years beginning after December 15, 2023, and interim reporting periods in fiscal years beginning after December 31, 2024. ASU2023-07 has become effective and applied retrospectively to all prior periods presented in our consolidated financial statements. SeeNote 11 of our financial statements for more information regarding our reportable segments. is equal to or greater than five percent of the amount computed by multiplying pretax income or loss by the applicable statutoryincome tax rate). ASU 2023-09 will be effective for the annual reporting periods in fiscal years beginning after December 15, 2024.The Company is currently evaluating the impact the adoption of ASU 2023-09 may have on our consolidated financial statements anddisclosures, but we do not expect the impact to be significant.InNovember 2024,the FASB issued ASU No.2024-03,Income Statement-Reporting Comprehensive Income-Expense December 15, 2027. The Company is currently evaluating the impact the adoption of ASU 2024-03 may have on our consolidatedfinancial statements and disclosures. NOTE2. Inventory and Capitalized Interest Inventory is recorded at cost, unless events and circumstances indicate that the carrying value of the inventory is impaired, at whichpoint the inventory is written down to fair value (seeNote 4to our financial statements for additional details relating to our procedures for evaluating our inventories for impairment). Inventory includes the costs of land acquisition, land development and homeconstruction, capitalized interest, real estate t