Summarized Financial Information of Unconsolidated Entities Accounted by Equity Method |
Summarized, unaudited combined financial information of unconsolidated entities that are accounted for by the equity method is as follows (in thousands): | | | | | | | | | | | | | | | | | As of | | | June 30, 2021 | | December 31, 2020 | Assets: | | | | | Real estate inventory | | $ | 323,093 | | | $ | 342,451 | | Other assets | | 124,756 | | | 133,903 | | Total assets | | $ | 447,849 | | | $ | 476,354 | | Liabilities and owners’ equity: | | | | | Debt | | $ | 165,384 | | | $ | 183,911 | | Other liabilities | | 15,457 | | | 21,215 | | Total liabilities | | 180,841 | | | 205,126 | | Owners’ equity: | | | | | TMHC | | 130,044 | | | 127,955 | | Others | | 136,964 | | | 143,273 | | Total owners’ equity | | 267,008 | | | 271,228 | | Total liabilities and owners’ equity | | $ | 447,849 | | | $ | 476,354 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2021 | | 2020 | | 2021 | | 2020 | Revenues | | $ | 29,745 | | | $ | 46,172 | | | $ | 79,626 | | | $ | 95,144 | | Costs and expenses | | (22,901) | | | (36,353) | | | (57,059) | | | (77,847) | | Income of unconsolidated entities | | $ | 6,844 | | | $ | 9,819 | | | $ | 22,567 | | | $ | 17,297 | | TMHC’s share in income of unconsolidated entities | | $ | 2,126 | | | $ | 3,495 | | | $ | 7,788 | | | $ | 5,921 | | Distributions to TMHC from unconsolidated entities | | $ | 9,729 | | | $ | 20,053 | | | $ | 20,342 | | | $ | 28,255 | |
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