Green Brick Partners, Inc. (NYSE:GRBK) Q4 2022 Earnings Conference Call February 28, 2023 12:00 PM ET Company Participants Jim Brickman - Co-Founder and Chief Executive Officer Rick Costello - Chief Financial Officer Jed Dolson - Chief Operating Officer Conference Call Participants Michael Rehaut - JPMorgan Max Downie - BTIG Alex Rygiel - B. Riley Jay McCanless - Wedbush Operator Good afternoon and welcome to the Green Brick Partners' Earnings Call for the Fourth Quarter ended December 31, 2022. Following t ...

公司财务状况 - 2022年，公司的主要财务和运营指标包括：住宅交付量增长2.9%，住宅交付收入增长30.0%，交付房屋的平均销售价格增长26.3%，净新住宅订单下降30.8%[88] - 公司2022年的住宅单位收入和新交付的住宅数量分别为1,703,951千美元和2,916套，分别比2021年增长30.1%和2.9%[90] - 公司2022年的净新住宅订单下降30.8%，但平均销售价格上涨17.5%[91] - 公司截至2022年12月31日拥有和控制的土地总数为25,527个[96] - 公司2022年12月31日拥有现金76.6百万美元，净债务占总资本比率为21.5%[97] - 公司2022年12月31日的未担保循环信贷额度为2,000万美元，利率为6.9%[98][99] - 公司发行的2026年到2029年不同系列的优先无担保票据利率分别为4.0%、3.35%、3.25%和3.25%[100][101][102][103] - 公司2022年12月31日的利息覆盖率为24.1比1，净资产为10.6亿美元，债务占总资本比率为27.1%[104] - 公司2022年12月31日的现金流量情况为经营活动净现金流入9,070万美元，投资活动净现金流出6,500万美元，融资活动净现金流出8,450万美元[109][110][111] 公司风险管理 - 公司与第三方开发商签订土地购买合同，需支付定金，购买房地产通常取决于满足某些要求[113] - 截至2022年12月31日，公司面临着涉及购买2923个地块的风险，涉及约2.46亿美元的购买价格[114] - 公司每季度对库存进行评估，以确定是否存在不可收回的情况，涉及高度审计师判断[115] - 未来结果与公司的假设和估计不一致，可能会对潜在减值指标的确定产生重大影响[127] - 审计程序包括评估管理对潜在减值指标的评估，比较实际贡献边际与管理目标贡献边际，评估关键输入和假设的合理性[130][132][133] 公司资产管理 - 公司在2022年的财报中对收购的商标进行了摊销，分别为每年0.1百万美元，累计摊销额为0.4百万美元[158] - 公司在2022年底对库存进行了潜在减值指标的评估，并对某些未来发展用地的账面价值进行了600万美元的减值调整[162] - 公司在2022年底对其投资进行了未合并实体的评估，包括GB Challenger, LLC、GBTM Sendera, LLC、EJB River Holdings, LLC等[163] - 公司在2022年的存货减值金额为600万美元，采用第三方经纪报价的Level 3测量方法估计了这些资产的公允价值[194] 公司财务运营 - 公司通过房屋销售和土地销售两个主要渠道获取收入[150] - 公司要求购房者和第三方买家提交定金以确保合同履行[150] - 公司的房屋销售合同包含单一履行义务，即房屋完工并转让产权给买家[150] - 公司对销售合同的增量成本进行资本化[152] - 公司支付销售佣金和建筑商激励费用[153] - 公司将广告费用视为当期费用[153] - 公司资本化与土地和房屋相关的直接和间接成本[155] - 公司根据ASC 718标准计量和处理股权奖励[155] - 公司根据资产和负债方法会计处理所得税[156] - 公司采用ASC 820-10标准进行公允价值计量[156]

Green Brick Partners, Inc. (NYSE:GRBK) Q3 2022 Earnings Conference Call November 3, 2022 12:00 PM ET Company Participants Jim Brickman - Co-Founder & Chief Executive Officer Rick Costello - Chief Financial Officer Jed Dolson - Chief Operating Officer Conference Call Participants Carl Reichardt - BTIG Jay McCanless - Wedbush Alex Rygiel - B. Riley Securities Alex Barron - Housing Research Center Operator Good afternoon and welcome to Green Brick Partners Earnings Call for the Third Quarter Ended September 30 ...

Green Brick Partners, Inc. (NYSE:GRBK) Q2 2022 Earnings Conference Call August 4, 2022 12:00 PM ET Company Participants Jim Brickman - Co-Founder & Chief Executive Officer Rick Costello - Chief Financial Officer Jed Dolson - Chief Operating Officer Conference Call Participants Alex Rygiel - B. Riley Carl Reichardt - BTIG Jay McCanless - Wedbush Securities Alex Barron - Housing Research Bill Dezellem - Tieton Capital Operator Good afternoon and welcome to Green Brick's Partners Earnings Call for the Second Q ...

Investor Presentation 2022 Second Quarter Forward Looking Statements This presentation and our earnings call contain "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These statements concern expectations, beliefs, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts and typically include the words "anticipate," "believe," "consider," "estimate," "expect," "feel," "intend," "pl ...

PRESENTATION | Spring 2022 4949 PARTNERS Forward Looking Statements This press release and our earnings call contain "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These statements concern expectations, beliefs, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts and typically include the words "anticipate," "believe," "consider," "estimate," "expect," "feel," "intend," "pl ...

Green Brick Partners, Inc. (NYSE:GRBK) Q1 2022 Earnings Conference Call May 4, 2022 ET Company Participants Jim Brickman - Chief Executive Officer Rick Costello - Chief Financial Officer Jed Dolson - Chief Operating Officer Conference Call Participants Doug Wardlaw - JPMorgan Carl Reichardt - BTIG Alex Rygiel - B. Riley Jay McCanless - Wedbush Bill Dezellem - Tieton Capital Management Alex Barron - Housing Research Center Operator Good afternoon, everyone, and welcome to Green BrickÂ's Partners Earnings Cal ...

Investor Presentation 2022 First Quarter Forward Looking Statements This press release and our earnings call contain "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These statements concern expectations, beliefs, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts and typically include the words "anticipate," "believe," "consider," "estimate," "expect," "feel," "intend," "pl ...

Investor Presentation 2021 Fourth Quarter and Full Year Forward Looking Statements This press release and our earnings call contain "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These statements concern expectations, beliefs, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts and typically include the words "anticipate," "believe," "consider," "estimate," "expect," "feel, ...

Green Brick Partners, Inc. (NYSE:GRBK) Q4 2021 Earnings Conference Call March 2, 2022 12:00 PM ET Company Participants Jim Brickman - CEO Rick Costello - CFO Jed Dolson - COO Conference Call Participants Carl Reichardt - BTIG Alex Rygiel - B. Riley James Mceniff - Wedbush Matthew Dhane - Tieton Capital Management Alex Barron - Housing Research Center Aaron Hecht - JMP Securities Operator Good afternoon, everyone and welcome to Green BrickÂ's Partners Earnings Call for the Fourth Quarter and Year ended Decem ...