Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2019

Supplemental Guarantor Information [Abstract]

Supplemental Condensed Consolidated Balance Sheet

	Supplemental Condensed Consolidated Balance Sheet
	As of December 31, 2019 (in thousands)
			Guarantor		Non Guarantor		Elimination		Consolidated
	Century		Subsidiaries		Subsidiaries		Entries		Century
Assets
Cash and cash equivalents	$	1,577		—		53,859		—	$	55,436
Cash held in escrow		—		35,308		—		—		35,308
Accounts receivable		15,363		12,327		(252)		—		27,438
Investment in consolidated subsidiaries		1,996,703		—		—		(1,996,703)		—
Inventories		—		1,995,549		—		—		1,995,549
Mortgage loans held for sale		—		—		185,246		—		185,246
Prepaid expenses and other assets		9,539		101,113		13,148		—		123,800
Deferred tax assets, net		10,589		—		—		—		10,589
Property and equipment, net		15,256		19,614		1,128		—		35,998
Amortizable intangible assets, net		—		208		—		—		208
Goodwill		—		30,395		—		—		30,395
Total assets	$	2,049,027	$	2,194,514	$	253,129	$	(1,996,703)	$	2,499,967
Liabilities and stockholders’ equity
Liabilities:
Accounts payable	$	(13)		83,853		954		—	$	84,794
Accrued expenses and other liabilities		28,214		173,403		12,358		—		213,975
Notes payable		890,427		6,277		—		—		896,704
Revolving line of credit		68,700		—		—		—		68,700
Mortgage repurchase facilities		—		—		174,095		—		174,095
Total liabilities		987,328		263,533		187,407		—		1,438,268
Stockholders’ equity:		1,061,699		1,930,981		65,722		(1,996,703)		1,061,699
Total liabilities and stockholders’ equity	$	2,049,027	$	2,194,514	$	253,129	$	(1,996,703)	$	2,499,967

	Supplemental Condensed Consolidated Balance Sheet
	As of December 31, 2018 (in thousands)
			Guarantor		Non Guarantor		Elimination		Consolidated
	Century		Subsidiaries		Subsidiaries		Entries		Century
Assets
Cash and cash equivalents	$	2,183	$	2,101	$	28,618	$	—	$	32,902
Cash held in escrow		—		24,344		—		—		24,344
Accounts receivable		6,117		7,424		(77)		—		13,464
Investment in consolidated subsidiaries		1,827,456		—		—		(1,827,456)		—
Inventories		—		1,848,243		—		—		1,848,243
Mortgage loans held for sale		—		—		112,394		—		112,394
Prepaid expenses and other assets		51,177		85,224		3,996		—		140,397
Deferred tax assets, net		13,763		—		—		—		13,763
Property and equipment, net		13,274		18,989		995		—		33,258
Amortizable intangible assets, net		—		5,095		—		—		5,095
Goodwill		—		30,395		—		—		30,395
Total assets	$	1,913,970	$	2,021,815	$	145,926	$	(1,827,456)	$	2,254,255
Liabilities and stockholders’ equity
Liabilities:
Accounts payable	$	623	$	88,627	$	657	$	—	$	89,907
Accrued expenses and other liabilities		75,506		131,548		6,103		—		213,157
Notes payable		775,982		8,795		—		—		784,777
Revolving line of credit		202,500		—		—		—		202,500
Mortgage repurchase facilities		—		—		104,555		—		104,555
Total liabilities		1,054,611		228,970		111,315		—		1,394,896
Stockholders’ equity:		859,359		1,792,845		34,611		(1,827,456)		859,359
Total liabilities and stockholders’ equity	$	1,913,970	$	2,021,815	$	145,926	$	(1,827,456)	$	2,254,255

Supplemental Condensed Consolidated Statement Of Operations

		Supplemental Condensed Consolidated Statement of Operations
	For the Year Ended December 31, 2019 (in thousands)
				Guarantor		Non Guarantor		Elimination		Consolidated
		Century		Subsidiaries		Subsidiaries		Entries		CCS
Revenues
Homebuilding revenues
Home sales revenues		$	—	$	2,481,465	$	—	$	—	$	2,481,465
Land sales and other revenues			—		11,184		—		—		11,184
			—		2,492,649		—		—		2,492,649
Financial services revenue			—		—		43,262		—		43,262
Total revenues			—		2,492,649		43,262		—		2,535,911
Homebuilding cost of revenues
Cost of home sales revenues			—		(2,040,241)		—		—		(2,040,241)
Cost of land sales and other revenues			—		(8,130)		—		—		(8,130)
			—		(2,048,371)		—		—		(2,048,371)
Financial services costs			—		—		(32,575)		—		(32,575)
Selling, general and administrative			(74,145)		(227,380)		—		—		(301,525)
Loss on debt extinguishment			(10,832)		—		—		—		(10,832)
Inventory impairment and other			—		(4,783)		—		—		(4,783)
Acquisition expense			—		—		—		—		—
Equity in earnings from consolidated subsidiaries			167,503		—		—		(167,503)		—
Equity in income of unconsolidated subsidiaries			—		—		—		—		—
Other income (expense)			(5,725)		372		163		—		(5,190)
Income before income tax expense			76,801		212,487		10,850		(167,503)		132,635
Income tax expense			36,193		(53,122)		(2,712)		—		(19,641)
Net income		$	112,994	$	159,365	$	8,138	$	(167,503)	$	112,994

‎

		Supplemental Condensed Consolidated Statement of Operations
	For the Year Ended December 31, 2018 (in thousands)
				Guarantor		Non Guarantor		Elimination		Consolidated
		Century		Subsidiaries		Subsidiaries		Entries		Century
Revenues
Homebuilding revenues
Home sales revenues		$	—	$	2,110,058	$	—	$	—	$	2,110,058
Land sales and other revenues			—		5,631		—		—		5,631
			—		2,115,689		—		—		2,115,689
Financial services revenue			—		—		31,724		—		31,724
Total revenues			—		2,115,689		31,724		—		2,147,413
Homebuilding cost of revenues
Cost of home sales revenues			—		(1,741,619)		—		—		(1,741,619)
Cost of land sales and other revenues			—		(3,832)		—		—		(3,832)
			—		(1,745,451)		—		—		(1,745,451)
Financial services costs			—		—		(22,958)		—		(22,958)
Selling, general and administrative			(70,578)		(193,403)		—		—		(263,981)
Acquisition expense			(437)		—		—		—		(437)
Equity in earnings from consolidated subsidiaries			138,746		—		—		(138,746)		—
Equity in income from unconsolidated subsidiaries			14,849		—		—		—		14,849
Other income (expense)			(299)		(606)		—		—		(905)
Income before income tax expense			82,281		176,229		8,766		(138,746)		128,530
Income tax expense			14,174		(44,057)		(2,192)		—		(32,075)
Net income		$	96,455	$	132,172	$	6,574	$	(138,746)	$	96,455

		Supplemental Condensed Consolidated Statement of Operations
	For the Year Ended December 31, 2017 (in thousands)
				Guarantor		Non Guarantor		Elimination		Consolidated
		Century		Subsidiaries		Subsidiaries		Entries		Century
Revenues
Homebuilding revenues
Home sales revenues		$	—	$	1,405,443	$	—	$	—	$	1,405,443
Land sales and other revenues			—		8,503		—		—		8,503
			—		1,413,946		—		—		1,413,946
Financial services revenue			—		—		9,853		—		9,853
Total revenues			—		1,413,946		9,853		—		1,423,799
Homebuilding cost of revenues
Cost of home sales revenues			—		(1,153,359)		—		—		(1,153,359)
Cost of land sales and other revenues			—		(6,516)		—		—		(6,516)
			—		(1,159,875)		—		—		(1,159,875)
Financial services costs			—		—		(8,664)		—		(8,664)
Selling, general and administrative			(49,072)		(127,232)		—		—		(176,304)
Acquisition expense			(9,905)		—		—		—		(9,905)
Equity in earnings from consolidated subsidiaries			84,425		—		—		(84,425)		—
Equity in income from unconsolidated subsidiaries			12,176		—		—		—		12,176
Other income (expense)			1,080		1,820		37		—		2,937
Income before income tax expense			38,704		128,659		1,226		(84,425)		84,164
Income tax expense			11,591		(45,031)		(429)		—		(33,869)
Net income		$	50,295	$	83,628	$	797	$	(84,425)	$	50,295

Supplemental Condensed Consolidated Statement Of Cash Flows

	Supplemental Condensed Consolidated Statement of Cash Flows
	For the Year Ended December 31, 2019 (in thousands)
			Guarantor		Non Guarantor		Elimination		Consolidated
	Century		Subsidiaries		Subsidiaries		Entries		Century
Net cash provided by/(used in) operating activities	$	(54,572)	$	51,793	$	(66,028)	$	—	$	(68,807)
Net cash used in investing activities	$	11,818	$	(8,815)	$	(133)	$	(17,153)	$	(14,283)
Financing activities
Borrowings under revolving credit facilities	$	1,548,500	$	—	$	—	$	—	$	1,548,500
Payments on revolving credit facilities		(1,682,300)		—		—		—		(1,682,300)
Proceeds from issuance of senior notes		500,000								500,000
Extinguishment of senior notes due 2022		(391,942)		—		—		—		(391,942)
Principal payments on notes payable		—		(20,237)		—		—		(20,237)
Proceeds from insurance notes payable		—		13,719		—		—		13,719
Debt issuance costs		(6,140)		—		—		—		(6,140)
Net proceeds from mortgage repurchase facilities		—		—		69,540		—		69,540
Net proceeds from issuances of common stock		79,052		—		—		—		79,052
Repurchases of common stock upon vesting of stock-based compensation		(3,583)		—		—		—		(3,583)
Repurchases of common stock under our stock repurchase program		(1,439)		—		—		—		(1,439)
Payments from (and advances to) parent/subsidiary		—		(40,126)		22,973		17,153		—
Net cash provided by (used in) financing activities	$	42,148	$	(46,644)	$	92,513	$	17,153	$	105,170
Net increase (decrease)	$	(606)	$	(3,666)	$	26,352	$	—	$	22,080
Cash and cash equivalents and restricted cash
Beginning of period	$	2,183	$	4,006	$	30,252	$	—	$	36,441
End of period	$	1,577	$	340	$	56,604	$	—	$	58,521
Cash and cash equivalents	$	1,577	$	—	$	53,859	$	—	$	55,436
Restricted Cash		—		340		2,745		—		3,085
Cash and cash equivalents and restricted cash	$	1,577	$	340	$	56,604	$	—	$	58,521

‎

	Supplemental Condensed Consolidated Statement of Cash Flows
	For the Year Ended December 31, 2018 (in thousands)
			Guarantor		Non Guarantor		Elimination		Consolidated
	Century		Subsidiaries		Subsidiaries		Entries		Century
Net cash provided by/(used in) operating activities	$	(74,074)	$	(71,532)	$	(49,972)	$	—	$	(195,578)
Net cash used in investing activities	$	(98,523)	$	(170,862)	$	(461)	$	226,310	$	(43,536)
Financing activities
Borrowings under revolving credit facilities	$	721,000	$	—	$	—	$	—	$	721,000
Payments on revolving credit facilities		(518,500)		—		—		—		(518,500)
Principal payments on notes payable		(9)		(5,362)		—		—		(5,371)
Proceeds from insurance notes payable		—		11,839		—		—		11,839
Extinguishment of debt assumed in business combination		(94,231)		—		—		—		(94,231)
Debt issuance costs		(3,642)		—		—		—		(3,642)
Net proceeds from mortgage repurchase facilities		—		—		56,236		—		56,236
Net proceeds from issuances of common stock		30,947		—		—		—		30,947
Repurchases of common stock upon vesting of stock-based compensation		(5,484)		—		—		—		(5,484)
Repurchases of common stock under our stock repurchase program		(10,952)		—		—		—		(10,952)
Payments from (and advances to) parent/subsidiary		(583)		211,879		15,014		(226,310)		—
Net cash provided by (used in) financing activities	$	118,546	$	218,356	$	71,250	$	(226,310)	$	181,842
Net increase (decrease)	$	(54,051)	$	(24,038)	$	20,817	$	—	$	(57,272)
Cash and cash equivalents and restricted cash
Beginning of period	$	56,234	$	28,044	$	9,435	$	—	$	93,713
End of period	$	2,183	$	4,006	$	30,252	$	—	$	36,441
Cash and cash equivalents	$	2,183	$	2,101	$	28,618	$	—	$	32,902
Restricted Cash		—		1,905		1,634		—		3,539
Cash and cash equivalents and restricted cash	$	2,183	$	4,006	$	30,252	$	—	$	36,441

	Supplemental Condensed Consolidated Statement of Cash Flows
	For the Year Ended December 31, 2017 (in thousands)
			Guarantor		Non Guarantor		Elimination		Consolidated
	Century		Subsidiaries		Subsidiaries		Entries		Century
Net cash used in operating activities	$	(27,787)	$	(33,169)	$	(50,316)	$	—	$	(111,272)
Net cash used in investing activities		(456,299)	$	(118,583)	$	(513)	$	440,949	$	(134,446)
Financing activities										—
Borrowings under revolving credit facilities	$	175,000	$	—	$	—	$	—	$	175,000
Payments on revolving credit facilities		(370,000)		—		—		—		(370,000)
Proceeds from issuance of senior notes		527,500		—		—		—		527,500
Proceeds from insurance premium notes and other		—		2,320		—		—		2,320
Extinguishments of debt assumed in business combination		—		(151,919)		—		—		(151,919)
Principal payments on notes payable		—		(6,998)		—		—		(6,998)
Debt issuance costs		(8,579)		—		—		—		(8,579)
Repurchases of common stock upon vesting of restricted stock awards		(5,231)		—		—		—		(5,231)
Payments from (and advances to) parent/subsidiary		108,930		326,242		5,777		(440,949)		—
Net proceeds from mortgage repurchase facilities		—		—		48,320		—		48,320
Net proceeds from issuances of common stock		98,063		—		—		—		98,063
Net cash provided by financing activities		525,683	$	169,645	$	54,097	$	(440,949)		308,476
Net increase (decrease)		41,597	$	17,893	$	3,268	$	—		62,758
Cash and cash equivalents and restricted cash
Beginning of period	$	14,637	$	10,151	$	6,167	$	—	$	30,955
End of period		56,234	$	28,044	$	9,435	$	—		93,713
Cash and cash equivalents	$	56,234	$	23,399	$	9,199	$	—	$	88,832
Restricted Cash		—		4,645		236		—		4,881
Cash and cash equivalents and Restricted cash	$	56,234	$	28,044	$	9,435	$	—	$	93,713