EX-99.2 3 d58802exv99w2.htm HISTORICAL SUPPLEMENTAL HOME BUILDING 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 Report on Form 10-Q at June 30, 2008 includes a change in reporting segments. Prior year segment information included in the March 31, 2008 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 Item 1, Footnote (I) (Business Segments) of Centex’s Form 10-Q for the quarter ended June 30, 2008. 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, 2008  
    Q1     Q2     Q3     Q4     Fiscal Year  
East
   $ 360,776     $ 488,230     $ 376,321     $ 447,909     $ 1,673,236  
Southeast
     213,857       260,122       206,755       259,387       940,121  
Central
     202,028       249,632       205,718       206,741       864,119  
Texas
     263,540       293,088       254,073       288,069       1,098,770  
Northwest
     378,566       368,158       351,892       474,532       1,573,148  
Southwest
     342,397       389,508       382,327       459,200       1,573,432  
Other homebuilding
     42,656       56,746       33,998       109,388       242,788  
 
                              
 
   $ 1,803,820     $ 2,105,484     $ 1,811,084     $ 2,245,226     $ 7,965,614  
 
                              
                                         
    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
     325,802       307,659       267,994       252,822       1,154,277  
Texas
     289,232       319,783       324,473       420,787       1,354,275  
Northwest
     468,991       512,574       485,800       548,909       2,016,274  
Southwest
     547,157       496,921       555,404       931,338       2,530,820  
Other homebuilding
     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  
 
                              
HOME BUILDING OPERATING EARNINGS (LOSS)
(Dollars in thousands)
                                         
    Fiscal Year Ended March 31, 2008  
    Q1     Q2     Q3     Q4     Fiscal Year  
East
   $ 18,052     $ 17,010     $ (47,892 )   $ (68,610 )   $ (81,440 )
Southeast
     (13,017 )     (153,088 )     (127,261 )     (129,062 )     (422,428 )
Central
     (9,092 )     (54,421 )     (48,347 )     (42,414 )     (154,274 )
Texas
     15,214       23,000       10,671       (23,174 )     25,711  
Northwest
     (29,358 )     (193,445 )     (191,142 )     (163,710 )     (577,655 )
Southwest
     (116,676 )     (483,437 )     (187,775 )     (369,188 )     (1,157,076 )
Other homebuilding
     (36,902 )     (108,312 )     (33,519 )     (57,223 )     (235,956 )
 
                              
 
   $ (171,779 )   $ (952,693 )   $ (625,265 )   $ (853,381 )   $ (2,603,118 )
 
                              
                                         
    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
     7,880       (2,356 )     (33,209 )     (37,451 )     (65,136 )
Texas
     26,108       30,723       26,721       35,411       118,963  
Northwest
     75,044       80,383       (76,612 )     44,911       123,726  
Southwest
     42,408       (63,379 )     (132,177 )     (52,598 )     (205,746 )
Other homebuilding
     16,892       4,688       (5,509 )     (43,248 )     (27,177 )
 
                              
 
   $ 311,913     $ 148,735     $ (242,402 )   $ (12,893 )   $ 205,353  
 
                              

 

 

Centex Corporation and Subsidiaries
Supplemental Home Building Data
Restated Housing Data by Geographic Area
(Unaudited)
IMPAIRMENTS AND WRITE-OFFS (A)
(Dollars in thousands)
                                         
    Fiscal Year Ended March 31, 2008  
    Q1     Q2     Q3     Q4     Fiscal Year  
East
   $ 7,372     $ 26,342     $ 52,137     $ 23,285     $ 109,136  
Southeast
     10,459       111,317       116,623       63,435       301,834  
Central
     5,793       49,980       36,553       10,484       102,810  
Texas
     335       1,069       1,280       17,501       20,185  
Northwest
     21,795       209,089       168,009       113,058       511,951  
Southwest
     88,337       436,965       125,684       122,023       773,009  
Other homebuilding
     31,371       111,765       29,029       —       172,165  
 
                              
Segment Totals
     165,462       946,527       529,315       349,786       1,991,090  
Share of Joint Venture Impairments
     27,050       36,612       24,850       12,013       100,525  
 
                              
 
   $ 192,512     $ 983,139     $ 554,165     $ 361,799     $ 2,091,615  
 
                              
                                         
    Fiscal Year Ended March 31, 2007  
    Q1     Q2     Q3     Q4     Fiscal Year  
East
   $ 1,918     $ 3,811     $ 87,744     $ 28,436     $ 121,909  
Southeast
     822       19,895       16,494       44,396       81,607  
Central
     1,888       8,518       34,384       28,060       72,850  
Texas
     102       264       1,657       3,453       5,476  
Northwest
     8,958       9,033       87,810       18,857       124,658  
Southwest
     22,614       76,185       115,271       50,940       265,010  
Other homebuilding
     —       1,802       7       10,593       12,402  
 
                              
Segment Totals
     36,302       119,508       343,367       184,735       683,912  
Share of Joint Venture Impairments
     —       10,500       96,369       17,655       124,524  
 
                              
 
   $ 36,302     $ 130,008     $ 439,736     $ 202,390     $ 808,436  
 
                              
 
(A) Impairments and write-offs by segment include land-related impairments and write-offs and goodwill impairments.
AVERAGE HOUSING REVENUE PER UNIT
                                         
    Fiscal Year Ended March 31, 2008  
    Q1     Q2     Q3     Q4     Fiscal Year  
East
   $ 317,134     $ 305,645     $ 299,578     $ 292,863     $ 303,202  
Southeast
   $ 290,675     $ 262,239     $ 247,626     $ 236,258     $ 257,726  
Central
   $ 212,744     $ 208,735     $ 201,113     $ 202,865     $ 206,394  
Texas
   $ 171,728     $ 176,170     $ 170,509     $ 168,982     $ 171,878  
Northwest
   $ 410,491     $ 409,228     $ 392,532     $ 439,276     $ 413,363  
Southwest
   $ 438,145     $ 391,848     $ 338,074     $ 310,048     $ 362,723  
Other homebuilding
   $ 325,836     $ 384,043     $ 311,101     $ 450,171     $ 353,900  
 
                                        
 
   $ 291,179     $ 280,816     $ 268,588     $ 267,953     $ 276,788  
 
                              
                                         
    Fiscal Year Ended March 31, 2007  
    Q1     Q2     Q3     Q4     Fiscal Year  
East
   $ 329,082     $ 331,027     $ 321,719     $ 315,401     $ 324,286  
Southeast
   $ 310,987     $ 283,193     $ 290,778     $ 311,513     $ 300,105  
Central
   $ 221,416     $ 221,521     $ 218,548     $ 215,190     $ 219,396  
Texas
   $ 164,281     $ 169,177     $ 169,589     $ 168,367     $ 167,970  
Northwest
   $ 483,588     $ 479,120     $ 447,454     $ 444,342     $ 462,356  
Southwest
   $ 449,873     $ 454,793     $ 422,916     $ 466,193     $ 450,145  
Other homebuilding
   $ 299,667     $ 303,068     $ 402,351     $ 427,821     $ 371,255  
 
                                        
 
   $ 308,014     $ 305,201     $ 300,968     $ 315,157     $ 307,810  
 
                              

 

 

Centex Corporation and Subsidiaries
Supplemental Home Building Data
Restated Housing Data by Geographic Area
(Unaudited)
CLOSINGS (UNITS)
                                         
    Fiscal Year Ended March 31, 2008
    Q1   Q2   Q3   Q4   Fiscal Year
East
     1,119       1,553       1,229       1,444       5,345  
Southeast
     716       965       820       916       3,417  
Central
     940       1,190       1,016       960       4,106  
Texas
     1,521       1,641       1,482       1,653       6,297  
Northwest
     915       898       896       965       3,674  
Southwest
     774       986       1,125       1,127       4,012  
Other homebuilding
     110       117       89       35       351  
 
                                        
 
     6,095       7,350       6,657       7,100       27,202  
 
                                        
                                         
    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
     1,464       1,368       1,214       1,149       5,195  
Texas
     1,692       1,813       1,896       2,481       7,882  
Northwest
     946       1,067       1,054       1,236       4,303  
Southwest
     1,178       1,070       1,280       1,882       5,410  
Other homebuilding
     192       177       168       364       901  
 
                                        
 
     8,318       8,525       8,360       10,582       35,785  
 
                                        
SALES (ORDERS) (UNITS)
                                         
    Fiscal Year Ended March 31, 2008
    Q1   Q2   Q3   Q4   Fiscal Year
East
     1,282       1,117       934       1,454       4,787  
Southeast
     743       729       707       1,055       3,234  
Central
     1,091       982       775       809       3,657  
Texas
     1,570       1,379       1,307       1,648       5,904  
Northwest
     796       716       784       986       3,282  
Southwest
     962       973       971       727       3,633  
Other homebuilding
     30       57       59       14       160  
 
                                        
 
     6,474       5,953       5,537       6,693       24,657  
 
                                        
                                         
    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
     1,435       1,086       911       1,247       4,679  
Texas
     2,012       1,873       1,673       1,965       7,523  
Northwest
     1,019       937       923       1,013       3,892  
Southwest
     1,151       889       798       1,092       3,930  
Other homebuilding
     67       11       38       (11 )     105  
 
                                        
 
     8,250       6,828       6,139       7,832       29,049  
 
                                        

 

 

Centex Corporation and Subsidiaries
Supplemental Home Building Data
Restated Housing Data by Geographic Area
(Unaudited)
SALES (ORDERS) BACKLOG (UNITS)
                                 
    As of
    June 30, 2007   September 30, 2007   December 31, 2007   March 31, 2008
East
     2,011       1,575       1,280       1,290  
Southeast
     1,546       1,310       1,197       1,336  
Central
     2,030       1,822       1,581       1,116  
Texas
     2,319       2,057       1,882       1,877  
Northwest
     1,551       1,369       1,257       1,250  
Southwest
     1,441       1,428       1,274       874  
Other homebuilding
     132       72       42       3  
 
                                
 
     11,030       9,633       8,513       7,746  
 
                                
                                 
    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
     2,366       2,084       1,781       1,879  
Texas
     2,949       3,009       2,786       2,270  
Northwest
     2,154       2,024       1,893       1,670  
Southwest
     2,706       2,525       2,043       1,253  
Other homebuilding
     883       717       587       212  
 
                                
 
     17,319       15,622       13,401       10,651  
 
                                
SALES (ORDERS) BACKLOG (DOLLARS)
(Dollars in thousands)
                                 
    As of  
    June 30, 2007     September 30, 2007     December 31, 2007     March 31, 2008  
East
   $ 668,842     $ 512,869     $ 413,400     $ 389,701  
Southeast
     456,564       335,780       314,114       361,264  
Central
     415,423       366,264       309,782       225,185  
Texas
     403,087       365,330       322,860       320,780  
Northwest
     677,900       584,889       495,277       473,766  
Southwest
     537,290       485,581       397,949       243,767  
Other homebuilding
     49,067       26,674       13,510       1,341  
 
                        
 
   $ 3,208,173     $ 2,677,387     $ 2,266,892     $ 2,015,804  
 
                        
                                 
    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
     495,151       436,270       379,450       395,483  
Texas
     494,095       512,934       474,956       389,401  
Northwest
     988,739       943,421       901,090       742,539  
Southwest
     1,327,145       1,212,337       931,883       493,306  
Other homebuilding
     312,330       281,043       245,027       81,797  
 
                        
 
   $ 5,746,326     $ 5,063,972     $ 4,314,060     $ 3,175,959  
 
                        

 

 

Centex Corporation and Subsidiaries
Supplemental Home Building Data
Restated Housing Data by Geographic Area
(Unaudited)
LOTS OWNED (UNITS)
                                 
    As of
    June 30, 2007   September 30, 2007   December 31, 2007   March 31, 2008
East
     18,170       17,255       16,073       15,417  
Southeast
     25,027       24,191       23,547       21,187  
Central
     8,773       8,216       7,489       5,835  
Texas
     18,617       17,652       16,802       14,523  
Northwest
     8,531       7,989       7,596       5,215  
Southwest
     13,377       13,075       12,449       6,953  
Other homebuilding
     3,870       3,657       3,645       1,092  
 
                                
 
     96,365       92,035       87,601       70,222  
 
                                
                                 
    As of
    June 30, 2006   September 30, 2006   December 31, 2006   March 31, 2007
East
     20,596       21,282       20,444       18,604  
Southeast
     26,770       25,777       24,801       25,485  
Central
     11,938       11,412       10,801       9,686  
Texas
     21,792       20,603       19,465       18,018  
Northwest
     11,414       11,110       10,348       9,553  
Southwest
     16,744       15,060       14,069       12,789  
Other homebuilding
     3,722       4,610       4,258       4,176  
 
                                
 
     112,976       109,854       104,186       98,311  
 
                                
LOTS CONTROLLED (UNITS)
                                 
    As of
    June 30, 2007   September 30, 2007   December 31, 2007   March 31, 2008
East
     23,201       15,355       11,116       7,043  
Southeast
     6,537       3,905       3,301       2,442  
Central
     5,561       4,038       3,375       1,948  
Texas
     9,178       7,084       5,400       3,467  
Northwest
     5,824       5,670       4,441       2,217  
Southwest
     4,047       3,428       3,428       1,030  
Other homebuilding
     —       —       —       —  
 
                                
 
     54,348       39,480       31,061       18,147  
 
                                
                                 
    As of
    June 30, 2006   September 30, 2006   December 31, 2006   March 31, 2007
East
     45,706       39,965       29,274       25,829  
Southeast
     40,818       25,861       12,509       7,113  
Central
     16,149       11,930       9,728       5,784  
Texas
     13,569       15,150       11,982       12,167  
Northwest
     20,435       16,862       8,154       5,743  
Southwest
     30,097       25,380       10,066       4,993  
Other homebuilding
     2,840       601       178       80  
 
                                
 
     169,614       135,749       81,891       61,709