7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2013-12-31 2011-09-30 2011-06-30 2011-03-31 
      
    		                                             
      cash flows from operating activities:
    		                                             
      net income
    		83,409,000 89,331,000 83,925,000 115,185,000 95,898,000 115,281,000 90,791,000 80,359,000 77,111,000 81,064,000 68,141,000 61,164,000 80,633,000 108,004,000 64,196,000 67,077,000 51,260,000 58,283,000 27,761,000 30,290,000 35,954,000 34,837,000 16,716,000 17,548,000 19,139,000 16,124,000 11,491,000 16,928,000 13,239,000 -4,379,000 11,928,000 9,431,000 8,226,000 13,100,000 8,165,000 9,418,000 4,490,000 7,067,000 5,286,000 7,004,000 6,188,000  2,548,000 -8,316,000 -9,049,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                             
      depreciation and amortization expense
    		1,472,000 1,082,000 1,405,000 1,255,000 1,249,000 1,249,000 1,126,000 1,103,000 858,000 830,000 754,000 650,000 592,000 500,000 625,000 669,000 681,000 553,000 841,000 1,205,000 922,000 912,000 627,000 636,000 765,000 790,000 888,000 1,139,000  87,000 66,000 84,000 88,000 87,000 78,000 65,000 56,000 -344,000 621,000 361,000 227,000     
      loss on disposal of property and equipment
    		            -425,000 0 39,000 -45,000                              
      share-based compensation expense
    		1,344,000 1,390,000 8,133,000 687,000 571,000 779,000 6,365,000 420,000 367,000 467,000 5,499,000 148,000 212,000 194,000 2,923,000 161,000 161,000 173,000 2,583,000 139,000 139,000 85,000 1,734,000 156,000 208,000 190,000 1,637,000  1,248,000                 
      equity in income of unconsolidated entities
    		-422,000 -511,000 -473,000 -313,000 -992,000 -1,186,000 -2,592,000 -5,477,000 -1,345,000 -5,699,000 -4,221,000 -5,719,000 -5,697,000 -8,523,000 -5,687,000 -5,674,000 -5,555,000 -4,593,000 -3,891,000 -3,616,000 -5,299,000 -5,174,000 -2,565,000 -2,244,000 -3,022,000 -2,697,000 -1,846,000 -725,000                  
      allowances for option deposits and pre-acquisition costs
    		-975,000 2,965,000 264,000 99,000 173,000 7,000 5,000 10,000 7,000 37,000 10,000 127,000 665,000 115,000 59,000 13,000 167,000 0 43,000 23,000 -42,000                         
      gain on sale of investment in unconsolidated entity
    		   0 0 0 -10,718,000                                       
      distributions of income from unconsolidated entities
    		2,855,000   5,006,000 543,000 1,123,000 998,000 1,370,000 3,165,000 4,418,000 2,906,000 1,613,000 2,994,000 3,700,000 3,176,000 2,793,000 3,162,000 2,707,000 1,886,000 3,492,000 4,051,000 1,736,000 1,657,000 1,694,000 1,717,000 1,401,000 272,000                   
      changes in operating assets and liabilities:
    		                                             
      increase in receivables
    		1,734,000   -2,529,000 3,374,000   -677,000 -2,898,000 199,000 -1,968,000    -179,000 158,000 -22,000 554,000 -2,337,000 427,000 8,836,000 -8,466,000 -1,301,000  -4,501,000   -784,000                  
      increase in inventory
    		-122,882,000 9,917,000 -48,489,000 -19,385,000 -125,691,000 -136,128,000 -122,108,000 -70,641,000    30,705,000 -83,519,000 -41,355,000 -123,429,000 -33,184,000 -63,930,000 -185,122,000 -76,034,000 -65,082,000   -16,884,000 -12,578,000 -20,745,000 -28,927,000 -21,720,000 -20,657,000 -33,948,000 -24,813,000 -44,856,000   3,054,000 -36,072,000 -8,764,000 -32,499,000 -27,258,000 -3,373,000 -12,668,000 -15,429,000     
      increase in earnest money deposits
    		1,671,000 1,638,000 -3,416,000             394,000   -1,009,000 -2,000 -2,794,000 1,163,000 -7,436,000      -1,336,000 3,351,000 -4,072,000 -2,550,000 -624,000     -1,204,000 -7,700,000 -407,000 -1,858,000     
      increase in other assets
    		   -1,727,000    -8,040,000    -65,000      -7,543,000 -106,000 3,212,000 -2,131,000 -3,225,000 -1,595,000 -1,422,000   -1,601,000 312,000  -175,000 -605,000 -227,000 -739,000     -3,218,000 174,000 -1,256,000 -61,000     
      increase in accounts payable
    		12,440,000 1,086,000 17,998,000 -7,600,000 -631,000 14,648,000 -991,000 -2,244,000 -899,000 4,602,000 1,058,000 -9,180,000 755,000 3,330,000 11,217,000 -2,632,000 2,553,000 6,761,000 14,479,000 1,394,000   1,288,000 -4,646,000    -8,907,000  6,331,000 -312,000 3,226,000 -2,004,000 -20,631,000 18,999,000 -70,000 3,285,000 -773,000 -300,000       
      increase in accrued expenses
    		24,891,000 -994,000 -6,597,000 -55,307,000 39,755,000 11,925,000 17,758,000 -14,461,000 9,441,000 -7,033,000 17,512,000 -8,144,000 3,801,000 6,043,000 28,317,000 -3,216,000 7,142,000 7,190,000 9,819,000 -9,431,000 10,456,000 7,885,000 6,850,000 -6,525,000 3,417,000 -4,131,000 2,855,000 5,556,000 -2,179,000 1,712,000 2,325,000 -495,000 633,000 3,101,000 2,067,000 1,881,000 1,522,000 27,000 -4,302,000 -274,000 1,084,000     
      increase in customer and builder deposits
    		-4,455,000 1,118,000 1,449,000 -7,997,000 -4,250,000 -4,804,000 10,972,000 -4,091,000 3,987,000 6,304,000 7,835,000 -14,510,000 -14,002,000 -5,994,000 -992,000 -5,469,000 6,380,000 7,626,000 17,942,000 8,792,000    -3,168,000 -4,456,000 1,243,000 -1,643,000 -1,835,000 1,251,000 -1,309,000 3,464,000 2,225,000 2,979,000 -1,230,000 5,196,000 1,051,000 2,133,000  -1,815,000 202,000 255,000     
      net cash from operating activities
    		-10,193,000 74,713,000 68,747,000 28,934,000 -6,201,000 2,162,000 1,017,000 -19,357,000 22,531,000 55,461,000 154,707,000 59,336,000 -18,080,000 63,414,000 -13,994,000 22,117,000 4,216,000 -110,692,000 -8,023,000 -28,998,000 25,092,000 37,843,000 1,162,000 -824,000 -445,000 -11,563,000 -9,231,000 -1,151,000 -20,371,000 4,802,000 -27,281,000 -12,883,000 16,550,000 21,401,000 -20,624,000 9,469,000 -17,301,000 -26,085,000 -9,775,000 -1,322,000 -10,389,000  6,024,000 4,547,000 3,542,000 
      cash flows from investing activities:
    		                                             
      proceeds from sale of investment in unconsolidated entity
    		   0 0 0 63,960,000                                       
      investments in unconsolidated entities
    		-5,477,000 -12,952,000 -11,248,000 -5,919,000 -22,350,000 -1,793,000 -1,695,000 -337,000 -230,000 -3,460,000 -1,520,000 -868,000 -2,470,000   0 0 1,000 -9,000 -84,000 -9,857,000       0                  
      purchase of property and equipment, net of disposals
    		-1,824,000 -687,000 -713,000 -883,000 -1,158,000 -1,382,000 -942,000 -3,013,000 -1,937,000 -1,271,000 -1,581,000    -448,000 -243,000                              
      net cash from investing activities
    		-7,301,000 -13,639,000 -11,961,000 -6,802,000 -23,508,000 -3,175,000 61,323,000 -3,350,000 -2,167,000 -4,731,000 -3,101,000 -1,531,000 -2,747,000 -1,751,000 -448,000 -243,000 -315,000 -736,000 -739,000 -1,244,000 -10,384,000 -616,000 -1,054,000 -6,031,000 -695,000 -572,000 -571,000 -1,444,000 -601,000 -167,000    -115,000 -179,000 -157,000 -7,000 691,000 -320,000 -317,000 2,407,000  -1,152,000 -710,000 -205,000 
      cash flows from financing activities:
    		                                             
      borrowings from lines of credit
    		81,421,000 19,599,000 81,160,000 80,000,000    0 0 0 22,000,000 65,000,000 133,000,000 110,000,000 112,000,000 243,800,000 164,000,000 234,000,000 108,000,000 137,000,000 105,500,000 -14,000,000 126,000,000 58,500,000 72,000,000 56,500,000 37,000,000 32,000,000 38,000,000 27,000,000 34,000,000 22,500,000 5,000,000 0 23,000,000 10,000,000 30,000,000 43,540,000 28,960,000 6,500,000 7,000,000     
      repayments of lines of credit
    		-21,058,000 -15,976,000 -105,589,000 -55,000,000    0 0 0 -42,000,000 -90,000,000 -125,000,000 -95,000,000 -92,000,000 -365,800,000 -172,000,000 -107,000,000 -211,000,000 -123,500,000 -156,000,000 -85,000,000 -48,000,000 -58,500,000 -140,000,000 -30,500,000 -31,000,000 -30,000,000 -10,000,000 -15,000,000 -13,000,000 -11,000,000 -17,500,000 -6,500,000 -5,000,000 -14,000,000 -10,000,000 -10,000,000 -35,500,000 -5,500,000 -1,561,000     
      repayments of senior unsecured notes
    		-12,500,000 0 -25,000,000 0 -12,500,000 0 -25,000,000                                       
      repayments of notes payable
    		   0 -97,000 -16,000 -12,868,000 -17,000 -1,592,000 -79,000 -16,000 -16,000 -16,000 -14,000 -14,000 -94,000 -12,000 -12,000 -2,006,000 -6,000 -2,271,000       -1,045,000 -12,000 -278,000 -9,000 -10,000 -725,000 0 -713,000 -987,000 -170,000 -1,301,000 -894,000 -594,000 -2,410,000     
      payments of debt issuance costs
    		0       -566,000 0 0 -72,000 -743,000 0 0 -86,000 -2,007,000 -1,000 -298,000 -595,000 -465,000    -292,000                      
      payments of withholding tax on vesting of restricted stock awards
    		0    -59,000 -9,115,000 -2,161,000 -1,000 -1,000 0 -1,975,000 1,000 0 0 -1,075,000 0 0 0 -834,000 0 0 0 -592,000 0 0                     
      repurchases of common stock
    		0 -43,817,000 -16,919,000 -393,000 -5,445,000                                         
      dividends paid
    		-718,000 -719,000 -719,000 -719,000 -718,000 -719,000 -719,000 -719,000 -718,000 -719,000 -719,000 -719,000 -718,000 -719,000 -655,000                               
      distributions to redeemable noncontrolling interest
    		0   0 0   0 0       0 0   0 0   0 0                     
      distributions to noncontrolling interests
    		0 -5,124,000 -11,500,000 -5,000,000 -5,000,000 0 -6,785,000 -4,999,000 -3,001,000 0 -11,056,000 -5,000,000 0 0 -5,718,000 -5,000,000 0   0 0 -2,281,000 -2,970,000 0 0 -258,000 -10,735,000 -1,000 -8,045,000 -1,156,000 -270,000 -4,873,000 -4,597,000 -625,000 -2,838,000 -4,792,000 -1,500,000 -1,300,000 -3,750,000 -2,373,000 -300,000     
      net cash from financing activities
    		47,145,000 -50,137,000 -81,626,000 32,916,000 -23,819,000 -51,319,000 -51,291,000 -23,995,000 -5,405,000 -15,215,000 -49,189,000 -31,477,000 -1,885,000 -52,244,000 1,123,000 18,677,000 -8,013,000 125,105,000 18,565,000 13,028,000 -15,180,000 -98,537,000 74,838,000 3,308,000 3,520,000 24,373,000 -5,339,000 -664,000 19,531,000 10,566,000 20,866,000 6,822,000 -18,320,000 -5,883,000 16,444,000 -9,656,000 20,558,000 30,898,000 9,329,000 -258,000 3,783,000  -3,240,000 -3,219,000 -3,351,000 
      net increase in cash and cash equivalents and restricted cash
    		  -24,840,000 55,048,000 -53,528,000 -52,332,000 11,049,000 -46,702,000 14,959,000 35,515,000 102,417,000 26,328,000 -22,712,000 9,419,000 -13,319,000 40,551,000 -4,112,000 13,677,000 9,803,000 -17,214,000 -472,000 -61,310,000 74,946,000                       
      cash and cash equivalents and restricted cash, beginning of period
    		0 0 159,696,000 0 0 0 199,459,000 0 0 0 93,270,000 0 0 0 93,554,000 0 0 0 33,635,000 0 0 0 37,685,000                       
      cash and cash equivalents and restricted cash, end of period
    		29,651,000 10,937,000 134,856,000 55,048,000 -53,528,000 -52,332,000 210,508,000 -46,702,000 14,959,000 35,515,000 195,687,000 26,328,000 -22,712,000 9,419,000 80,235,000 40,551,000 -4,112,000 13,677,000 43,438,000 -17,214,000 -472,000 -61,310,000 112,631,000                       
      supplemental disclosure of cash flow information:
    		                                             
      cash paid for income taxes, net of refunds
    		4,527,000    500,000    26,731,000               0 6,793,000   1,211,000                  
      (gain) loss on disposal of property and equipment
    		 0 -8,000       0 -146,000                                   
      decrease in other assets
    		 -6,332,000 13,294,000   3,401,000 7,188,000   -2,072,000 2,960,000                                   
      net decrease in cash and cash equivalents and restricted cash
    		                                             
      decrease in receivables
    		  1,262,000                        2,069,000                   
      payments of withholding tax on vesting of restricted stock awards and stock option exercises
    		  -3,059,000                                           
      gain on disposal of property and equipment
    		   -1,000 4,000 5,000 66,000 277,000                                      
      deferred income taxes
    		                   1,000 0   531,000 150,000 1,511,000 -955,000 3,592,000 3,431,000 24,528,000 4,747,000 3,677,000 3,347,000 4,670,000 3,393,000 3,655,000 1,429,000 2,601,000 1,757,000 1,993,000 2,001,000     
      decrease in earnest money deposits
    		   240,000 660,000 1,935,000 155,000  -2,076,000 3,393,000 4,380,000                                   
      proceeds from notes payable
    		       0 0   0 0 0 14,472,000 82,000 0   -1,000 153,000             1,235,000    0 530,000 1,667,000 1,009,000     
      proceeds from reallocation of shares of common stock by large stockholder
    		                                             
      distributions for reallocation of shares of common stock by large stockholder
    		                                             
      net proceeds from issuance of preferred shares
    		                                             
      decrease (increase) in receivables
    		      2,002,000                                       
      share repurchases
    		      -3,758,000 -17,786,000 0 -12,640,000 -15,351,000                                   
      decrease (increase) in earnest money deposits
    		           1,294,000   1,265,000           563,000 3,319,000 1,098,000       745,000 -30,000 2,993,000         
      payment of contingent consideration in excess of acquisition date fair value
    		               0 0   0 0   0 0                     
      borrowings from senior unsecured notes
    		               100,000,000 0 0 125,000,000 0    0                      
      decrease (increase) in inventory
    		         -31,049,000 49,987,000                      3,152,000             
      cash and cash equivalents, beginning of period
    		          76,588,000 0 0 -1,530,000 78,696,000 0 0 0 19,479,000 0 0 0 33,269,000                    0 0 7,428,000 
      restricted cash, beginning of period
    		          16,682,000 0 0 1,530,000 14,858,000 0 0 0 14,156,000 0 0 0 4,416,000 0 0 0 3,440,000 0                  
      cash and cash equivalents, end of period
    		          177,271,000 28,385,000 -18,562,000 682,000 66,083,000 57,135,000 -11,956,000 4,829,000 28,688,000 -20,790,000 -2,893,000 -62,698,000 105,860,000                    1,632,000 618,000 7,414,000 
      restricted cash, end of period
    		          18,416,000 -2,057,000 -4,150,000 8,737,000 14,152,000 -16,584,000 7,844,000 8,848,000 14,750,000 3,576,000 2,421,000 1,388,000 6,771,000 -1,693,000 1,640,000 1,728,000 2,741,000 -8,458,000                  
      change in fair value of contingent consideration
    		                   158,000    3,157,000 1,492,000 -197,000 454,000                   
      contributions from noncontrolling interests
    		                   0 0 0 400,000       0 145,000 205,000 88,000 7,000 570,000 123,000 2,228,000 0 0 42,000 45,000     
      purchase of property and equipment
    		            -277,000     -737,000 -730,000 -1,160,000 -527,000 -126,000 -1,054,000 -731,000 -695,000 -572,000 -571,000 -1,444,000 -601,000                 
      stock repurchases
    		            -9,151,000 -66,511,000 -25,801,000         0 -1,798,000 -328,000 -60,000                   
      adjustments to reconcile net income to net cash provided (used in) by operating activities:
    		                                             
      decrease (increase) in other assets
    		             -2,863,000 4,476,000 1,437,000             367,000     475,000 -175,000 323,000 718,000         
      payment of contingent consideration
    		                       0 0                     
      net proceeds from issuance of preferred stock
    		                                             
      business combination, net of acquired cash
    		                           0                  
      decrease in accounts payable
    		                         3,782,000 -4,451,000  -2,128,000            -2,222,000     
      decrease in customer and builder deposits
    		                     -1,692,000 -1,369,000                       
      write-offs of option deposits and pre-acquisition costs
    		                      3,440,000                       
      net increase in cash and restricted cash
    		                       -3,547,000 2,380,000   -3,259,000                  
      cash, beginning of period
    		                       0 0 0 38,315,000 0                  
      cash and restricted cash, beginning of period
    		                       0 0 0 41,755,000 0                  
      cash, end of period
    		                       -1,854,000 740,000 10,510,000 23,873,000 5,199,000                  
      cash and restricted cash, end of period
    		                       -3,547,000 2,380,000 12,238,000 26,614,000 -3,259,000                  
      cash paid for interest, net of capitalized interest
    		                                      6,122,000 2,593,000 453,000     
      supplemental disclosure of noncash investing and financing activities:
    		                                             
      equity issuance related to investment in unconsolidated entity
    		                             -1,000                
      balance at december 31, 2018
    		                         0 8,531,000                   
      distributions of income to redeemable noncontrolling interest partner
    		                                             
      accretion of redeemable noncontrolling interest
    		                         1,720,000 1,120,000                   
      balance at june 30, 2019
    		                                             
      withholdings of taxes from vesting of restricted stock awards
    		                          -544,000 0 -412,000 0 0 0 -586,000             
      net decrease in cash and restricted cash
    		                          -15,141,000  -1,441,000                 
      cash paid (received) for income taxes, net of refunds
    		                                             
      balance at march 31, 2019
    		                          10,295,000                   
      adjustment to reconcile net income to net cash from operating activities:
    		                                             
      share-based compensation
    		                             329,000 170,000 160,000 1,912,000 304,000 146,000 589,000 245,000 156,000 122,000 113,000 83,000     
      cash distributions of income from unconsolidated entities
    		                                             
      payment of debt issuance costs
    		                                          0 0 -113,000 
      decrease in land not owned under option contracts
    		                                             
      supplemental disclosure of noncash investing activities:
    		                                             
      equity issuance for investment in unconsolidated entity
    		                                             
      assets acquired
    		                                             
      cash
    		                                             
      inventory
    		                                             
      property and equipment
    		                                             
      intangible assets - trade name
    		                                             
      intangible assets - home construction contracts
    		                                             
      goodwill
    		                                             
      other assets
    		                                             
      total assets
    		                                             
      liabilities assumed
    		                                             
      note payable
    		                                             
      accrued expenses and other liabilities
    		                                             
      customer deposits
    		                                             
      total liabilities
    		                                             
      redeemable noncontrolling interest
    		                                             
      net assets acquired
    		                                             
      depreciation expense
    		                            402,000                 
      equity in income of unconsolidated entity
    		                            -1,536,000                 
      distributions of income from unconsolidated entity
    		                            761,000                 
      decrease (increase) in accounts receivable
    		                            57,000                 
      cash and restricted cash at beginning of period
    		                            40,289,000                 
      cash and restricted cash at end of period
    		                            38,848,000                 
      cash paid (received) for taxes, net of refunds
    		                            -46,000                 
      increase in land not owned under option contracts
    		                                             
      net income attributable to green brick partners, inc. per share:
    		                                             
      net income attributable to green brick partners, inc.
    		                            11,203,000                 
      weighted-average number of shares outstanding —basic
    		                            50,577,000                 
      basic net income attributable to green brick partners, inc. per share
    		                            220                 
      dilutive effect of stock options and restricted stock awards
    		                            141,000                 
      weighted-average number of shares outstanding —diluted
    		                            50,718,000                 
      diluted net income attributable to green brick partners, inc. per share
    		                            220                 
      cash distributions of income from unconsolidated entity
    		                                             
      changes in operating assets and liabilities
    		                                             
      proceeds from sale of investment in direct financing leases
    		                                     0 0 0 2,768,000     
      acquisition of investment in unconsolidated entity
    		                                             
      acquisition of property and equipment
    		                             -122,000    -115,000 -179,000 -157,000 -7,000 691,000 -320,000 -317,000 -361,000     
      repayment of term loan facility
    		                                     0        
      proceeds from equity offering, net of issuance costs
    		                                     -41,000        
      cash paid for taxes
    		                             69,000 666,000 2,170,000 36,000 466,000 331,000 546,000 160,000  229,000 641,000 273,000     
      decrease (increase) in land not owned under option contracts
    		                                             
      accrued debt issuance costs
    		                                             
      out-of-period equity adjustment
    		                                             
      completed home inventory and residential lots held for sale
    		                                             
      work in process and land under development
    		                                             
      undeveloped land
    		                                             
      land not owned under option contracts
    		                                             
      total inventory
    		                                             
      decrease in accounts receivable
    		                              573,000               
      cash flows from investing activities
    		                                             
      cash from investment in unconsolidated entity
    		                                             
      cash flows from financing activities
    		                                             
      net increase in cash, cash equivalents and restricted cash
    		                              -6,683,000 -6,061,000 -1,770,000             
      cash, cash equivalents and restricted cash at beginning of period
    		                              0 0 39,602,000             
      cash, cash equivalents and restricted cash at end of period
    		                              -6,683,000 -6,061,000 37,832,000             
      decrease in land not owned under option agreements
    		                              955,000 459,000 857,000   2,231,000 1,032,000   956,000 473,000     
      increase in accounts receivable
    		                                -420,000    -812,000   115,000 -177,000     
      increase in restricted cash
    		                                 22,858,000 -23,285,000 -589,000 -861,000  -329,000 221,000 -480,000     
      issuance of notes receivable
    		                                             
      repayments of notes receivable
    		                                             
      cash received as part of reverse recapitalization
    		                                             
      distributions to controlling interests
    		                                             
      net increase in cash and cash equivalents
    		                                   -344,000 3,250,000     -4,418,000    
      cash and cash equivalents at beginning of year
    		                                             
      cash and cash equivalents at end of year
    		                                             
      decrease (increase) in land not owned under option agreements
    		                                             
      net decrease in cash and cash equivalents
    		                                        -4,199,000     
      cash and cash equivalents at beginning of period
    		                                  0 0 21,207,000  0 0 21,267,000     
      cash and cash equivalents at end of period
    		                                  -4,359,000 -344,000 24,457,000  -766,000 -1,897,000 17,068,000     
      increase in obligations related to land not owned under option agreements
    		                                             
      decrease (increase) in restricted cash
    		                                             
      contributions from controlling interests
    		                                             
      increase in land not owned under option agreements
    		                                             
      investment in direct financing leases
    		                                             
      cash provided by:
    		                                             
      operating activities
    		                                             
      investing activities
    		                                             
      financing activities
    		                                             
      cash flows from operating activities
    		                                             
      stock-based compensation expense
    		                                             
      depreciation and amortization
    		                                          7,002,000 7,008,000 8,676,000 
      accounts receivable
    		                                          7,506,000 2,863,000 -577,000 
      inventories
    		                                          651,000 481,000 -12,000 
      prepaid expenses
    		                                          -1,762,000 187,000 124,000 
      accounts payable
    		                                          -6,081,000 2,053,000 3,591,000 
      other current liabilities
    		                                          782,000 220,000 -908,000 
      other assets and liabilities
    		                                          -5,006,000 -299,000 1,344,000 
      purchases of property, plant and equipment
    		                                             
      repayment of debt
    		                                          -3,150,000 -3,150,000 -44,628,000 
      repayment of notes payable and capital leases
    		                                          -90,000 -52,000 -3,006,000 
      cash paid for income taxes
    		                                          0 0 5,000 
      cash paid for interest
    		                                          1,626,000 1,619,000 2,044,000 
      non-cash investing and financing activities:
    		                                             
      additions to property, plant and equipment unpaid during period
    		                                          61,000 -28,000 53,000 
      loss on disposal of assets
    		                                             
      proceeds from sale of stock
    		                                          0 0 46,000,000 
      proceeds from issuance of debt
    		                                             
      repayment of tax increment financing
    		                                             
      payment of equity offering costs
    		                                          0 0 -1,621,000 
      stock based compensation expense
    		                                           350,000 353,000 
      capital expenditures
    		                                           -710,000 -205,000 
      free cash flows
    		                                           3,837,000 3,337,000 
      net increase in cash and equivalents
    		                                           618,000 -14,000 
      gain on derivative financial instrument
    		                                             
      proceeds from issuance of notes payable and capital leases
    		                                            17,000 
      additions to property, plant and equipment financed with notes payable and capital lease
    		                                            17,000 
      working capital
    		                                             
      working capital loan availability
    		                                             
      construction loan availability
    		                                             
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.