EX-99.2 3 d48358exv99w2.htm HISTORICAL COMPARATIVE SEGMENT DATA exv99w2
 

Exhibit 99.2
Centex Corporation and Subsidiaries
Supplemental Home Building Data
Restated Housing Data by Geographic Area (A)
(Unaudited)
(A) The Company’s Annual Report on Form 10-K at March 31, 2007 included a change in reporting segments. Prior year segment information included in the March 31, 2007 Form 10-K was revised to conform to the current presentation. Further information regarding the home building reporting segments shown below may be found in Part 1, Item 1 (Business) of Centex’s Form 10-K for the fiscal year ended March 31, 2007. Additionally, Operating Earnings presented exclude home building corporate general and administrative expenses which have been reclassified to Corporate General and Administrative Expenses in connection with the above change in the Company’s reporting segments. The following tables present the last two fiscal years’ home building data by quarter for the new reporting segments.
HOME BUILDING REVENUES
(Dollars in thousands)
                                         
    Fiscal Year Ended March 31, 2007  
    Q1     Q2     Q3     Q4     Fiscal Year  
East
   $ 544,423     $ 572,540     $ 518,342     $ 620,397     $ 2,255,702  
Southeast
     397,782       382,309       340,574       565,338       1,686,003  
Central
     289,914       283,528       246,275       229,166       1,048,883  
Texas
     244,356       267,697       276,819       365,830       1,154,702  
Northwest
     504,879       536,704       507,520       572,566       2,121,669  
Southwest
     592,033       549,008       603,057       986,294       2,730,392  
Other Home Building
     76,450       66,261       94,664       180,101       417,476  
 
                              
 
 
   $ 2,649,837     $ 2,658,047     $ 2,587,251     $ 3,519,692     $ 11,414,827  
 
                              
                                         
    Fiscal Year Ended March 31, 2006  
    Q1     Q2     Q3     Q4     Fiscal Year  
East
   $ 495,642     $ 605,310     $ 634,054     $ 709,427     $ 2,444,433  
Southeast
     358,099       457,348       428,101       740,289       1,983,837  
Central
     282,652       323,473       305,583       398,331       1,310,039  
Texas
     225,892       245,338       270,274       321,875       1,063,379  
Northwest
     466,612       515,183       553,744       608,313       2,143,852  
Southwest
     477,564       577,395       695,872       1,090,250       2,841,081  
Other Home Building
     92,716       164,362       116,022       112,482       485,582  
 
                              
 
 
   $ 2,399,177     $ 2,888,409     $ 3,003,650     $ 3,980,967     $ 12,272,203  
 
                              
HOME BUILDING OPERATING EARNINGS (LOSS)
(Dollars in thousands)
                                         
    Fiscal Year Ended March 31, 2007  
    Q1     Q2     Q3     Q4     Fiscal Year  
East
   $ 82,979     $ 75,556     $ (31,231 )   $ 24,517     $ 151,821  
Southeast
     60,602       23,120       9,615       15,565       108,902  
Central
     9,633       188       (27,940 )     (36,112 )     (54,231 )
Texas
     20,347       23,548       22,595       26,719       93,209  
Northwest
     73,290       77,841       (81,885 )     43,578       112,824  
Southwest
     48,170       (56,206 )     (128,047 )     (43,912 )     (179,995 )
Other Home Building
     16,892       4,688       (5,509 )     (43,248 )     (27,177 )
 
                              
 
 
   $ 311,913     $ 148,735     $ (242,402 )   $ (12,893 )   $ 205,353  
 
                              
                                         
    Fiscal Year Ended March 31, 2006  
    Q1     Q2     Q3     Q4     Fiscal Year  
East
   $ 84,903     $ 111,052     $ 128,105     $ 125,527     $ 449,587  
Southeast
     50,131       97,584       65,929       160,264       373,908  
Central
     21,295       22,751       17,673       25,758       87,477  
Texas
     15,017       19,432       25,392       25,443       85,284  
Northwest
     113,120       119,628       155,990       108,026       496,764  
Southwest
     85,526       96,891       127,659       211,248       521,324  
Other Home Building
     7,599       35,428       26,955       503       70,485  
 
                              
 
 
   $ 377,591     $ 502,766     $ 547,703     $ 656,769     $ 2,084,829  
 
                              

 

 

Centex Corporation and Subsidiaries
Supplemental Home Building Data
Restated Housing Data by Geographic Area
(Unaudited)
CLOSINGS (UNITS)
                                         
    Fiscal Year Ended March 31, 2007
    Q1   Q2   Q3   Q4   Fiscal Year
East
     1,653       1,725       1,604       1,738       6,720  
Southeast
     1,193       1,305       1,144       1,732       5,374  
Central
     1,320       1,274       1,128       1,067       4,789  
Texas
     1,506       1,608       1,704       2,265       7,083  
Northwest
     1,090       1,161       1,140       1,318       4,709  
Southwest
     1,364       1,275       1,472       2,098       6,209  
Other Home Building
     192       177       168       364       901  
 
                                        
 
 
     8,318       8,525       8,360       10,582       35,785  
 
                                        
                                         
    Fiscal Year Ended March 31, 2006
    Q1   Q2   Q3   Q4   Fiscal Year
East
     1,514       1,721       1,805       2,076       7,116  
Southeast
     1,258       1,347       1,455       2,366       6,426  
Central
     1,289       1,476       1,387       1,819       5,971  
Texas
     1,532       1,585       1,776       2,006       6,899  
Northwest
     1,043       1,120       1,102       1,315       4,580  
Southwest
     1,237       1,449       1,657       2,443       6,786  
Other Home Building
     362       459       322       311       1,454  
 
                                        
 
 
     8,235       9,157       9,504       12,336       39,232  
 
                                        
SALES (ORDERS) (UNITS)
                                         
    Fiscal Year Ended March 31, 2007
    Q1   Q2   Q3   Q4   Fiscal Year
East
     1,549       1,217       1,209       1,520       5,495  
Southeast
     1,017       815       587       1,006       3,425  
Central
     1,308       1,027       814       1,122       4,271  
Texas
     1,834       1,710       1,560       1,810       6,914  
Northwest
     1,146       996       1,020       1,138       4,300  
Southwest
     1,329       1,052       911       1,247       4,539  
Other Home Building
     67       11       38       (11 )     105  
 
                                        
 
 
     8,250       6,828       6,139       7,832       29,049  
 
                                        
                                         
    Fiscal Year Ended March 31, 2006
    Q1   Q2   Q3   Q4   Fiscal Year
East
     2,015       1,699       1,341       1,785       6,840  
Southeast
     1,554       1,363       1,350       1,436       5,703  
Central
     1,410       1,538       1,132       1,556       5,636  
Texas
     1,675       1,520       1,729       2,070       6,994  
Northwest
     1,219       994       944       1,440       4,597  
Southwest
     2,144       2,015       1,525       1,512       7,196  
Other Home Building
     402       426       107       129       1,064  
 
                                        
 
 
     10,419       9,555       8,128       9,928       38,030  
 
                                        

 

 

Centex Corporation and Subsidiaries
Supplemental Home Building Data
Restated Housing Data by Geographic Area
(Unaudited)
SALES (ORDERS) BACKLOG (UNITS)
                                 
    As of
    June 30, 2006   September 30, 2006   December 31, 2006   March 31, 2007
East
     2,969       2,461       2,066       1,848  
Southeast
     3,292       2,802       2,245       1,519  
Central
     2,250       2,003       1,689       1,744  
Texas
     2,517       2,619       2,475       2,020  
Northwest
     2,270       2,105       1,985       1,805  
Southwest
     3,138       2,915       2,354       1,503  
Other Home Building
     883       717       587       212  
 
                                
 
 
     17,319       15,622       13,401       10,651  
 
                                
 
    As of
    June 30, 2005   September 30, 2005   December 31, 2005   March 31, 2006
East
     3,850       3,828       3,364       3,073  
Southeast
     4,487       4,503       4,398       3,468  
Central
     2,718       2,780       2,525       2,262  
Texas
     2,237       2,172       2,125       2,189  
Northwest
     2,373       2,247       2,089       2,214  
Southwest
     3,670       4,236       4,104       3,173  
Other Home Building
     1,438       1,405       1,190       1,008  
 
                                
 
 
     20,773       21,171       19,795       17,387  
 
                                
 
SALES (ORDERS) BACKLOG (DOLLARS)
(Dollars in thousands)
 
    As of  
    June 30, 2006     September 30, 2006     December 31, 2006     March 31, 2007  
East
   $ 1,013,154     $ 791,961     $ 665,833     $ 611,057  
Southeast
     1,115,712       886,006       715,821       462,376  
Central
     466,242       415,477       356,214       362,434  
Texas
     390,076       413,918       397,937       325,794  
Northwest
     1,017,648       964,214       924,326       775,588  
Southwest
     1,431,164       1,311,353       1,008,902       556,913  
Other Home Building
     312,330       281,043       245,027       81,797  
 
                        
 
 
   $ 5,746,326     $ 5,063,972     $ 4,314,060     $ 3,175,959  
 
                        
 
    As of  
    June 30, 2005     September 30, 2005     December 31, 2005     March 31, 2006  
East
   $ 1,393,549     $ 1,369,253     $ 1,236,470     $ 1,044,086  
Southeast
     1,293,691       1,355,732       1,408,834       1,131,281  
Central
     584,460       592,175       542,564       474,613  
Texas
     329,591       319,118       316,908       335,959  
Northwest
     1,128,569       1,134,608       1,079,156       1,062,697  
Southwest
     1,492,177       1,780,025       1,780,180       1,369,482  
Other Home Building
     356,966       410,121       388,115       355,590  
 
                        
 
 
   $ 6,579,003     $ 6,961,032     $ 6,752,227     $ 5,773,708  
 
                        

 

 

Centex Corporation and Subsidiaries
Supplemental Home Building Data
Restated Housing Data by Geographic Area
(Unaudited)
HOUSING REVENUES — CLOSINGS
(Dollars in thousands)
                                         
    Fiscal Year Ended March 31, 2007  
    Q1     Q2     Q3     Q4     Fiscal Year  
East
   $ 543,973     $ 571,021     $ 516,038     $ 548,167     $ 2,179,199  
Southeast
     371,008       369,567       332,650       539,541       1,612,766  
Central
     288,265       278,911       243,597       227,180       1,037,953  
Texas
     233,178       254,670       273,993       362,762       1,124,603  
Northwest
     493,362       535,351       493,336       569,281       2,091,330  
Southwest
     574,736       538,676       588,880       932,331       2,634,623  
Other Home Building
     57,536       53,643       67,595       155,727       334,501  
 
                              
 
 
   $ 2,562,058     $ 2,601,839     $ 2,516,089     $ 3,334,989     $ 11,014,975  
 
                              
                                         
    Fiscal Year Ended March 31, 2006  
    Q1     Q2     Q3     Q4     Fiscal Year  
East
   $ 490,700     $ 578,534     $ 633,424     $ 708,086     $ 2,410,744  
Southeast
     347,521       381,456       416,405       719,923       1,865,305  
Central
     279,991       320,723       304,030       394,931       1,299,675  
Texas
     225,071       232,930       265,563       307,504       1,031,068  
Northwest
     465,241       513,365       545,303       600,894       2,124,803  
Southwest
     475,187       575,151       695,683       1,078,811       2,824,832  
Other Home Building
     74,417       113,740       95,943       80,107       364,207  
 
                              
 
 
   $ 2,358,128     $ 2,715,899     $ 2,956,351     $ 3,890,256     $ 11,920,634  
 
                              
HOME BUILDING SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (A)
(Dollars in thousands)
                                         
    Fiscal Year Ended March 31, 2007  
    Q1     Q2     Q3     Q4     Fiscal Year  
Total SG&A
   $ 377,304     $ 375,629     $ 370,572     $ 399,496     $ 1,523,001  
 
                              
                                         
    Fiscal Year Ended March 31, 2006  
    Q1     Q2     Q3     Q4     Fiscal Year  
Total SG&A
   $ 323,280     $ 355,600     $ 378,547     $ 460,012     $ 1,517,439  
 
                              
 
(A) Home building selling, general and administrative expenses above have been revised to reflect the reclassification of home building corporate general and administrative expenses to Corporate General and Administrative Expenses in connection with the change in the Company’s reporting segments at March 31, 2007. Further information regarding the home building reporting segments shown above may be found in Part 1, Item 1 (Business) of Centex’s Form 10-K for the fiscal year ended March 31, 2007.