Quarterly
Annual
| Unit: USD | 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 | 2018-09-30 | 2018-06-30 | 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 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-12-31 | 2003-09-30 | 2002-09-30 | 2001-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | 9,225,700,000 | 7,734,000,000 | 7,613,000,000 | 10,002,600,000 | 9,965,700,000 | 9,107,200,000 | 7,726,000,000 | 10,504,000,000 | 9,725,600,000 | 7,972,900,000 | 7,257,800,000 | 9,639,400,000 | 8,788,100,000 | 7,999,000,000 | 7,053,400,000 | 8,109,300,000 | 7,284,600,000 | 6,446,900,000 | 5,933,400,000 | 6,400,300,000 | 5,390,000,000 | 4,500,000,000 | 4,020,700,000 | 5,038,900,000 | 4,906,300,000 | 4,128,700,000 | 3,519,000,000 | 4,505,100,000 | 4,435,300,000 | 3,794,700,000 | 3,332,700,000 | 92,600,000 | 91,900,000 | 86,900,000 | 78,100,000 | 90,200,000 | 83,100,000 | 66,900,000 | 55,300,000 | 81,400,000 | 74,400,000 | 17,700,000 | 28,700,000 | 30,900,000 | 32,900,000 | 35,000,000 | 49,400,000 | 50,000,000 | 41,900,000 | 66,500,000 | 84,200,000 | 74,200,000 | 71,100,000 | 61,300,000 | 78,600,000 | 60,700,000 | 49,800,000 | 46,000,000 | 51,129,000 | 48,709,000 | 42,040,000 | 40,922,000 | |||||||||||||||||||||||||||
cost of sales | 7,016,500,000 | 5,833,800,000 | 5,702,800,000 | 7,448,300,000 | 7,323,700,000 | 6,774,300,000 | 5,719,800,000 | 7,680,700,000 | 7,141,800,000 | 5,996,200,000 | 5,291,300,000 | 6,761,000,000 | 5,879,300,000 | 5,429,900,000 | 4,905,700,000 | 5,703,200,000 | 5,212,600,000 | 4,650,900,000 | 4,332,500,000 | 4,753,500,000 | 4,084,700,000 | 3,450,800,000 | 3,084,200,000 | 3,881,500,000 | 3,831,600,000 | 3,256,700,000 | 2,751,100,000 | 3,459,100,000 | 3,397,200,000 | 2,961,600,000 | 2,580,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross margin % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative expense | 944,300,000 | 898,700,000 | 878,100,000 | 960,300,000 | 923,600,000 | 880,600,000 | 835,000,000 | 886,200,000 | 852,100,000 | 773,600,000 | 737,000,000 | 832,100,000 | 740,600,000 | 695,100,000 | 665,900,000 | 693,000,000 | 655,700,000 | 621,500,000 | 585,900,000 | 597,700,000 | 527,500,000 | 466,800,000 | 455,800,000 | 505,500,000 | 480,000,000 | 444,200,000 | 402,800,000 | 456,900,000 | 434,900,000 | 400,900,000 | 384,200,000 | 348,000,000 | 309,500,000 | 294,500,000 | 268,400,000 | 318,300,000 | 280,400,000 | 258,200,000 | 243,300,000 | 275,400,000 | 257,800,000 | 242,400,000 | 238,000,000 | 241,000,000 | 221,900,000 | 187,900,000 | 183,400,000 | 186,600,000 | 167,500,000 | 155,100,000 | 140,800,000 | 145,800,000 | 136,400,000 | 127,500,000 | 119,000,000 | 124,200,000 | 113,700,000 | 123,200,000 | 118,900,000 | 143,200,000 | 128,700,000 | 128,400,000 | 134,800,000 | 134,300,000 | 126,900,000 | 127,000,000 | 175,700,000 | 194,700,000 | 208,300,000 | 213,100,000 | 282,600,000 | 267,500,000 | 296,000,000 | 295,300,000 | 409,700,000 | 356,400,000 | 364,900,000 | 325,700,000 | 399,900,000 | 302,000,000 | 267,000,000 | 257,700,000 | 279,508,000 | 244,293,000 | 222,679,000 | 212,520,000 | |||
other income | -93,200,000 | -65,600,000 | -77,800,000 | -115,700,000 | -80,600,000 | -76,200,000 | -76,300,000 | -81,200,000 | -52,200,000 | -42,200,000 | -37,700,000 | -19,500,000 | -15,100,000 | -9,300,000 | -15,500,000 | -13,400,000 | -17,400,000 | -5,400,000 | -5,300,000 | -6,300,000 | -4,600,000 | -10,400,000 | -11,500,000 | -7,700,000 | -9,400,000 | -5,700,000 | -8,600,000 | -14,600,000 | -12,600,000 | -11,100,000 | -20,500,000 | -3,200,000 | -1,300,000 | -2,400,000 | -4,100,000 | -5,600,000 | -5,900,000 | -2,765,000 | -7,357,000 | 2,834,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 1,358,100,000 | 1,067,100,000 | 1,109,900,000 | 1,709,700,000 | 1,799,000,000 | 1,528,500,000 | 1,247,500,000 | 2,018,300,000 | 1,783,900,000 | 1,245,300,000 | 1,267,200,000 | 2,065,800,000 | 2,183,300,000 | 1,883,300,000 | 1,497,300,000 | 1,726,500,000 | 1,415,600,000 | 1,179,900,000 | 1,034,300,000 | 1,056,100,000 | 782,400,000 | 621,300,000 | 523,300,000 | 660,100,000 | 626,700,000 | 462,800,000 | 375,700,000 | 607,700,000 | 616,200,000 | 444,800,000 | 391,200,000 | 485,600,000 | 444,500,000 | 353,900,000 | 318,100,000 | 433,100,000 | 378,600,000 | 300,500,000 | 241,300,000 | 338,800,000 | 333,800,000 | 230,100,000 | 220,700,000 | 250,800,000 | 171,800,000 | 201,900,000 | 189,700,000 | 202,700,000 | 205,100,000 | 142,100,000 | 107,900,000 | 99,200,000 | 72,200,000 | 42,300,000 | 29,200,000 | 33,900,000 | 28,900,000 | -30,800,000 | -19,900,000 | 46,300,000 | 12,100,000 | 42,800,000 | -226,100,000 | -161,900,000 | -103,000,000 | -61,300,000 | -1,165,200,000 | -379,100,000 | -884,600,000 | -202,900,000 | -100,200,000 | -1,111,400,000 | 83,400,000 | 176,900,000 | 445,800,000 | 472,200,000 | 569,000,000 | 500,100,000 | 904,400,000 | 604,400,000 | 478,000,000 | 391,800,000 | 565,881,000 | 408,611,000 | 306,596,000 | 301,812,000 | |||
income tax expense | 325,000,000 | 248,000,000 | 258,000,000 | 409,900,000 | 432,200,000 | 344,800,000 | 291,800,000 | 492,800,000 | 432,200,000 | 295,700,000 | 298,900,000 | 417,600,000 | 524,000,000 | 441,000,000 | 351,500,000 | 381,000,000 | 299,100,000 | 246,000,000 | 239,100,000 | 224,900,000 | 149,500,000 | 137,300,000 | 90,800,000 | 156,200,000 | 153,100,000 | 108,400,000 | 89,000,000 | 138,800,000 | 162,500,000 | 94,000,000 | 202,400,000 | 172,300,000 | 155,500,000 | 124,700,000 | 111,200,000 | 149,400,000 | 128,800,000 | 105,400,000 | 83,600,000 | 99,900,000 | 112,400,000 | 82,200,000 | 78,200,000 | 49,025,000 | 58,700,000 | 70,900,000 | 66,500,000 | 31,100,000 | 41,600,000 | 1,500,000 | |||||||||||||||||||||||||||||||||||||||
net income | 1,033,100,000 | 819,100,000 | 851,900,000 | 1,299,800,000 | 1,366,800,000 | 1,183,700,000 | 955,700,000 | 1,525,500,000 | 1,351,700,000 | 949,600,000 | 968,300,000 | 1,648,200,000 | 1,659,300,000 | 1,442,300,000 | 1,145,800,000 | 1,345,500,000 | 1,116,500,000 | 933,900,000 | 795,200,000 | 831,200,000 | 632,900,000 | 484,000,000 | 432,500,000 | 503,900,000 | 473,600,000 | 354,400,000 | 286,700,000 | 468,900,000 | 453,700,000 | 350,800,000 | 188,800,000 | 313,300,000 | 289,000,000 | 229,200,000 | 206,900,000 | 283,700,000 | 249,800,000 | 195,100,000 | 157,700,000 | 238,900,000 | 221,400,000 | 147,900,000 | 142,500,000 | 166,200,000 | 113,100,000 | 131,000,000 | 123,200,000 | 139,500,000 | 146,000,000 | 111,000,000 | 66,300,000 | 100,100,000 | 787,800,000 | 40,600,000 | 27,700,000 | 35,800,000 | 28,700,000 | 27,800,000 | -20,400,000 | 50,500,000 | 11,400,000 | 192,000,000 | -231,900,000 | -142,300,000 | -108,600,000 | -62,600,000 | -799,800,000 | -399,300,000 | -1,305,600,000 | -128,800,000 | -50,200,000 | -823,800,000 | 51,700,000 | 109,700,000 | 277,700,000 | 292,800,000 | 352,800,000 | 310,100,000 | 563,800,000 | 371,700,000 | 294,000,000 | 241,000,000 | 349,633,000 | 251,296,000 | 188,557,000 | 185,614,000 | |||
yoy | -24.41% | -30.80% | -10.86% | -14.80% | 1.12% | 24.65% | -1.30% | -7.44% | -18.54% | -34.16% | -15.49% | 22.50% | 48.62% | 54.44% | 44.09% | 61.87% | 76.41% | 92.95% | 83.86% | 64.95% | 33.64% | 36.57% | 50.85% | 7.46% | 4.39% | 1.03% | 51.85% | 49.66% | 56.99% | 53.05% | -8.75% | 10.43% | 15.69% | 17.48% | 31.20% | 18.75% | 12.83% | 31.91% | 10.67% | 43.74% | 95.76% | 12.90% | 15.67% | 19.14% | -22.53% | 18.02% | 85.82% | 39.36% | -81.47% | 173.40% | 139.35% | 179.61% | 2644.95% | 46.04% | -235.78% | -29.11% | 151.75% | -85.52% | -91.20% | -135.49% | -110.50% | -406.71% | -71.01% | -64.36% | -91.68% | -51.40% | 1493.23% | -51.53% | -2625.34% | -217.41% | -118.08% | -381.35% | -85.35% | -64.62% | -50.74% | -21.23% | 20.00% | 28.67% | 61.25% | 47.91% | 55.92% | 29.84% | |||||||
qoq | 26.13% | -3.85% | -34.46% | -4.90% | 15.47% | 23.86% | -37.35% | 12.86% | 42.34% | -1.93% | -41.25% | -0.67% | 15.05% | 25.88% | -14.84% | 20.51% | 19.55% | 17.44% | -4.33% | 31.33% | 30.76% | 11.91% | -14.17% | 6.40% | 33.63% | 23.61% | -38.86% | 3.35% | 29.33% | 85.81% | -39.74% | 8.41% | 26.09% | 10.78% | -27.07% | 13.57% | 28.04% | 23.72% | -33.99% | 7.90% | 49.70% | 3.79% | -14.26% | 46.95% | -13.66% | 6.33% | -11.68% | -4.45% | 31.53% | 67.42% | -33.77% | -87.29% | 1840.39% | 46.57% | -22.63% | 24.74% | 3.24% | -236.27% | -140.40% | 342.98% | -94.06% | -182.79% | 62.97% | 31.03% | 73.48% | -92.17% | 100.30% | -69.42% | 913.66% | 156.57% | -93.91% | -1693.42% | -52.87% | -60.50% | -5.16% | -17.01% | 13.77% | -45.00% | 51.68% | 26.43% | 21.99% | -31.07% | 39.13% | 33.27% | 1.59% | ||||
net income margin % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | 8,500,000 | 8,700,000 | 7,000,000 | 16,400,000 | 13,200,000 | 11,600,000 | 8,300,000 | 15,800,000 | 16,600,000 | 7,400,000 | 9,600,000 | 16,400,000 | 11,500,000 | 6,000,000 | 4,200,000 | 6,500,000 | 1,000,000 | 4,400,000 | 3,400,000 | 2,200,000 | 2,200,000 | 1,300,000 | 1,200,000 | -1,400,000 | -1,200,000 | 3,100,000 | -500,000 | 2,700,000 | -100,000 | -200,000 | -500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to d.r. horton, inc. | 1,024,600,000 | 810,400,000 | 844,900,000 | 1,283,400,000 | 1,353,600,000 | 1,172,100,000 | 947,400,000 | 1,509,700,000 | 1,335,100,000 | 942,200,000 | 958,700,000 | 1,631,800,000 | 1,647,800,000 | 1,436,300,000 | 1,141,600,000 | 1,339,000,000 | 1,115,500,000 | 929,500,000 | 791,800,000 | 829,000,000 | 630,700,000 | 482,700,000 | 431,300,000 | 505,300,000 | 474,800,000 | 351,300,000 | 287,200,000 | 466,200,000 | 453,800,000 | 351,000,000 | 189,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 3.37 | 2.59 | 990,000 | 1.03 | 0.673 | 1.08 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 3.36 | 2.58 | 980,000 | 1.01 | 0.66 | 1.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 304.1 | 312.5 | 312,900,000 | 233.5 | 233,057 | 232,813 | 232,285 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 304.9 | 314 | 317,600,000 | 237.8 | 237,088 | 237,096 | 236,715 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per common share attributable to d.r. horton, inc. | 2,630,000 | 3,940,000 | 4,120,000 | 3,540,000 | 2,840,000 | 4,470,000 | 3,930,000 | 2,750,000 | 2,790,000 | 4,690,000 | 4,700,000 | 4,070,000 | 3,210,000 | 3,730,000 | 3,100,000 | 2,570,000 | 2,170,000 | 2,270,000 | 1,730,000 | 1,320,000 | 1,170,000 | 1,360,000 | 1,280,000 | 940,000 | 770,000 | 1,240,000 | 1,200,000 | 930,000 | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares | 321,500,000 | 329,500,000 | 328,400,000 | 330,900,000 | 333,300,000 | 340,700,000 | 339,900,000 | 342,100,000 | 344,200,000 | 351,700,000 | 350,800,000 | 353,100,000 | 356,100,000 | 361,100,000 | 359,700,000 | 362,300,000 | 364,400,000 | 365,500,000 | 363,800,000 | 365,800,000 | 368,300,000 | 372,600,000 | 372,300,000 | 373,300,000 | 375,100,000 | 376,600,000 | 377,400,000 | 376,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per common share attributable to d.r. horton, inc. | 2,610,000 | 3,910,000 | 4,100,000 | 3,520,000 | 2,820,000 | 4,430,000 | 3,900,000 | 2,730,000 | 2,760,000 | 4,660,000 | 4,670,000 | 4,030,000 | 3,170,000 | 3,680,000 | 3,060,000 | 2,530,000 | 2,140,000 | 2,240,000 | 1,720,000 | 1,300,000 | 1,160,000 | 1,350,000 | 1,260,000 | 930,000 | 760,000 | 1,220,000 | 1,180,000 | 910,000 | 490,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjusted weighted-average number of common shares | 323,300,000 | 331,600,000 | 330,100,000 | 333,300,000 | 335,700,000 | 343,300,000 | 342,300,000 | 344,900,000 | 346,900,000 | 354,800,000 | 353,100,000 | 356,300,000 | 360,100,000 | 365,800,000 | 364,000,000 | 367,200,000 | 370,000,000 | 370,200,000 | 367,700,000 | 370,100,000 | 373,400,000 | 377,400,000 | 376,900,000 | 377,700,000 | 380,100,000 | 383,400,000 | 383,400,000 | 383,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | -14,000,000 | -28,500,000 | -31,100,000 | -22,600,000 | -29,300,000 | -2,000,000 | -4,300,000 | -1,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 18,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated entities | 300,000 | -400,000 | -400,000 | -2,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per common share | 93,750 | 125,000 | 125,000 | 125,000 | 100,000 | 100,000 | 100,000 | 100,000 | 80,000 | 80,000 | 80,000 | 80,000 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 37,500 | 37,500 | 187,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 75,000 | 75,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 100,000 | 100,000 | 90,000 | 90,000 | 90,000 | 67,500 | |||||||||||||||||||||||||||||||||||||||
homebuilding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
home sales | 4,035,100,000 | 3,662,300,000 | 3,158,100,000 | 2,797,700,000 | 3,637,500,000 | 3,118,700,000 | 2,686,000,000 | 2,340,900,000 | 3,052,000,000 | 2,857,900,000 | 2,318,800,000 | 2,240,700,000 | 2,403,600,000 | 2,090,300,000 | 1,680,000,000 | 1,630,800,000 | 1,802,000,000 | 1,630,800,000 | 1,368,700,000 | 1,223,300,000 | 1,288,300,000 | 1,115,200,000 | 930,600,000 | 884,300,000 | 1,073,700,000 | 974,500,000 | 733,000,000 | 761,100,000 | 1,378,200,000 | 894,800,000 | 1,108,200,000 | 1,010,500,000 | 896,600,000 | 770,700,000 | 885,800,000 | 1,544,500,000 | 1,415,000,000 | 1,597,800,000 | 1,607,000,000 | 2,968,100,000 | 2,470,500,000 | 2,521,500,000 | 2,761,100,000 | 4,702,700,000 | 3,581,400,000 | 3,472,300,000 | 2,789,100,000 | 4,943,700,000 | 3,277,100,000 | 2,706,800,000 | 2,449,100,000 | 3,410,412,000 | 2,695,531,000 | 2,250,531,000 | 2,134,626,000 | ||||||||||||||||||||||||||||||||||
land/lot sales and other | 31,400,000 | 22,200,000 | 6,300,000 | 28,400,000 | 13,500,000 | 30,100,000 | 15,000,000 | 20,200,000 | 39,000,000 | 18,500,000 | 19,700,000 | 12,300,000 | 19,800,000 | 12,600,000 | 16,600,000 | 4,800,000 | 15,800,000 | 13,700,000 | 21,700,000 | 9,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventory and land option charges | 20,300,000 | 5,400,000 | 12,200,000 | 2,300,000 | 15,400,000 | 8,100,000 | 6,000,000 | 2,000,000 | 26,300,000 | 15,400,000 | 12,500,000 | 6,000,000 | 21,300,000 | 56,800,000 | 4,400,000 | 2,600,000 | 27,100,000 | 800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross profit: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
homebuilding pre-tax income | 457,800,000 | 415,200,000 | 322,400,000 | 293,900,000 | 403,100,000 | 349,200,000 | 283,100,000 | 229,000,000 | 301,500,000 | 302,100,000 | 208,600,000 | 206,100,000 | 236,600,000 | 158,600,000 | 191,700,000 | 181,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financial services and other: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expense | 68,100,000 | 65,000,000 | 60,700,000 | 57,500,000 | 66,500,000 | 56,400,000 | 51,000,000 | 46,100,000 | 47,800,000 | 46,000,000 | 40,700,000 | 37,800,000 | 37,500,000 | 33,800,000 | 30,200,000 | 29,800,000 | 31,500,000 | 31,300,000 | 28,000,000 | 25,700,000 | 25,600,000 | 21,500,000 | 19,600,000 | 18,900,000 | 19,900,000 | 19,300,000 | 18,200,000 | 19,000,000 | 21,200,000 | 17,400,000 | 18,700,000 | 19,600,000 | 18,100,000 | 17,200,000 | 23,200,000 | 23,700,000 | 23,100,000 | 22,800,000 | 30,500,000 | 34,500,000 | 36,000,000 | 38,400,000 | 45,000,000 | 54,600,000 | 50,800,000 | 49,400,000 | 47,300,000 | 42,500,000 | 38,500,000 | 33,900,000 | 32,700,000 | 37,158,000 | 32,142,000 | 26,211,000 | 25,489,000 | ||||||||||||||||||||||||||||||||||
interest and other income | -3,300,000 | -2,400,000 | -5,300,000 | -3,600,000 | -1,425,000 | -2,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financial services and other pre-tax income | 27,800,000 | 29,300,000 | 31,500,000 | 24,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income, net of income tax: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt securities collateralized by residential real estate: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in unrealized gain | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification adjustment for net gain realized in net income | -2,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | 313,300,000 | 289,000,000 | 229,200,000 | 206,900,000 | 283,700,000 | 249,800,000 | 192,500,000 | 158,900,000 | 238,100,000 | 221,400,000 | 147,900,000 | 142,500,000 | 166,200,000 | 113,100,000 | 131,300,000 | 123,200,000 | 139,500,000 | 147,900,000 | 111,000,000 | 66,200,000 | 100,300,000 | 787,700,000 | 40,500,000 | 27,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per common share | 830,000 | 770,000 | 610,000 | 550,000 | 760,000 | 670,000 | 530,000 | 430,000 | 650,000 | 600,000 | 400,000 | 390,000 | 470,000 | 320,000 | 400,000 | 380,000 | 440,000 | 450,000 | 350,000 | 210,000 | 310,000 | 2,470,000 | 130,000 | 90,000 | 120,000 | 90,000 | 90,000 | -60,000 | 160,000 | 40,000 | 600,000 | -160,000 | -2,620,000 | 160,000 | 350,000 | 880,000 | 940,000 | 1,130,000 | 1,800,000 | 1,190,000 | 940,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net income per common share assuming dilution | 820,000 | 760,000 | 600,000 | 550,000 | 750,000 | 660,000 | 520,000 | 420,000 | 640,000 | 600,000 | 400,000 | 390,000 | 450,000 | 320,000 | 380,000 | 360,000 | 400,000 | 420,000 | 320,000 | 200,000 | 300,000 | 2,220,000 | 130,000 | 90,000 | 120,000 | 90,000 | 90,000 | -60,000 | 160,000 | 40,000 | 560,000 | -160,000 | -2,620,000 | 160,000 | 350,000 | 880,000 | 930,000 | 1,110,000 | 1,770,000 | 1,170,000 | 920,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other | -4,200,000 | -3,800,000 | -9,600,000 | -3,400,000 | -4,500,000 | -3,900,000 | -4,500,000 | -5,500,000 | -3,900,000 | -3,100,000 | -2,800,000 | -3,300,000 | -4,600,000 | -3,800,000 | -3,200,000 | -3,300,000 | -4,000,000 | -2,600,000 | -3,200,000 | -2,200,000 | -1,200,000 | -1,200,000 | -3,400,000 | -2,300,000 | -1,700,000 | -3,300,000 | -1,500,000 | -4,100,000 | -2,200,000 | -2,200,000 | -4,300,000 | -2,100,000 | -3,500,000 | -1,800,000 | -1,700,000 | 1,700,000 | -3,900,000 | -600,000 | -1,100,000 | 2,400,000 | -2,900,000 | -13,400,000 | -4,900,000 | -23,500,000 | -500,000 | -6,300,000 | -4,900,000 | -6,063,000 | -4,780,000 | -3,444,000 | -2,612,000 | ||||||||||||||||||||||||||||||||||||||
financial services: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other | -1,800,000 | -2,700,000 | -1,500,000 | -3,100,000 | -3,700,000 | -3,300,000 | -2,700,000 | -2,800,000 | -2,700,000 | -2,900,000 | -2,000,000 | -2,600,000 | -2,600,000 | -2,500,000 | -2,600,000 | -2,200,000 | -2,500,000 | -3,000,000 | -2,900,000 | -2,500,000 | -1,900,000 | -2,300,000 | -3,000,000 | -1,900,000 | -2,600,000 | -2,400,000 | -2,300,000 | -2,400,000 | -3,300,000 | -2,900,000 | -2,200,000 | -2,600,000 | -3,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financial services pre-tax income | 14,775,000 | 29,400,000 | 17,400,000 | 12,300,000 | 37,300,000 | 31,700,000 | 21,500,000 | 14,600,000 | 14,200,000 | 13,200,000 | 10,200,000 | 7,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain related to debt securities collateralized by residential real estate | 1,200,000 | 300,000 | 1,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues, net of recourse expense | 59,500,000 | 2,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues, net of recourse and reinsurance expense | 49,600,000 | 49,000,000 | 44,100,000 | 38,400,000 | 35,000,000 | 42,100,000 | 48,300,000 | 41,200,000 | 41,900,000 | 37,400,000 | 33,800,000 | 25,600,000 | 21,000,000 | 24,200,000 | 23,800,000 | 18,000,000 | 21,200,000 | 27,800,000 | 16,700,000 | 23,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 1,900,000 | 3,200,000 | 4,900,000 | 6,200,000 | 5,500,000 | 6,900,000 | 9,500,000 | 10,100,000 | 14,700,000 | 16,200,000 | 19,600,000 | 22,700,000 | 26,900,000 | 26,800,000 | 20,300,000 | 23,100,000 | 25,600,000 | 16,100,000 | 11,700,000 | 11,200,000 | 1,300,000 | 3,100,000 | 4,100,000 | 6,800,000 | 2,900,000 | 10,600,000 | 4,500,000 | 60,000 | 11,000 | 3,064,000 | 265,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss related to available-for-sale securities | -50,000 | -25,000 | -100,000 | -100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 63,200,000 | 59,100,000 | 1,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventory impairments and land option cost write-offs | 1,800,000 | 1,300,000 | 1,500,000 | 2,500,000 | 800,000 | 1,400,000 | 12,800,000 | 9,900,000 | 14,300,000 | 8,400,000 | 30,300,000 | 2,400,000 | 1,200,000 | 192,500,000 | 110,800,000 | 48,100,000 | 56,200,000 | 1,074,500,000 | 330,400,000 | 834,100,000 | 245,500,000 | 318,700,000 | 852,000,000 | 81,200,000 | 77,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on early retirement of debt | -25,000 | 2,700,000 | 1,500,000 | 8,300,000 | -1,600,000 | -1,100,000 | 3,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain related to available-for-sale securities | -100,000 | 100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land/lot sales | 1,825,000 | 1,000,000 | 5,000,000 | 1,300,000 | 400,000 | 900,000 | 100,000 | 5,900,000 | 100,000 | 2,000,000 | 700,000 | 3,700,000 | 17,500,000 | 4,600,000 | 14,500,000 | 209,200,000 | 18,300,000 | 26,200,000 | 100,600,000 | 154,900,000 | 77,600,000 | 94,700,000 | 40,400,000 | 95,900,000 | 12,200,000 | 54,200,000 | 52,700,000 | 74,500,000 | 32,400,000 | 120,100,000 | 25,000,000 | 49,070,000 | 46,156,000 | 42,692,000 | 28,982,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax (benefit) expense | -178,125,000 | -715,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on early retirement of debt | -100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early retirement of debt | 2,675,000 | 6,500,000 | 2,600,000 | 12,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | -14,450,000 | 200,000 | 500,000 | -4,200,000 | 700,000 | 5,600,000 | 1,300,000 | -365,400,000 | 20,200,000 | 421,000,000 | -74,100,000 | -50,000,000 | -287,600,000 | 31,700,000 | 67,200,000 | 168,100,000 | 179,400,000 | 216,200,000 | 190,000,000 | 340,600,000 | 232,700,000 | 184,000,000 | 150,800,000 | 216,248,000 | 157,315,000 | 118,039,000 | 116,198,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(benefit from) benefit from income taxes | -58,600,000 | -149,200,000 | -3,200,000 | -19,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues, net of recourse expense and reinsurance reserves | 9,775,000 | 18,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted net income per common share | -730,000 | -450,000 | -340,000 | -200,000 | -1,452,500 | -1,260,000 | -4,140,000 | -410,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) on early retirement of debt | -2,200,000 | -6,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment | 48,500,000 | 425,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 3.37 | 2.59 | 990,000 | 1.03 | 0.673 | 1.08 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 3.36 | 2.58 | 980,000 | 1.01 | 0.66 | 1.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 304.1 | 312.5 | 312,900,000 | 233.5 | 233,057 | 232,813 | 232,285 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 304.9 | 314 | 317,600,000 | 237.8 | 237,088 | 237,096 | 236,715 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares of stock outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 304.1 | 312.5 | 312,900,000 | 233.5 | 233,057 | 232,813 | 232,285 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 304.9 | 314 | 317,600,000 | 237.8 | 237,088 | 237,096 | 236,715 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per share | 0.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends per share | 0.058 | 0.08 | 0.08 | 0.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.81 | 0.8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 0.8 | 0.78 |
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.