Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
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Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
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Homebuilding | |||||||||||
Home sale revenues | $ 7,451,315 | $ 5,792,675 | $ 5,662,171 | ||||||||
Land sale revenues | 36,035 | 48,536 | 34,554 | ||||||||
Total homebuilding revenues | $ 2,438,903 | $ 1,894,885 | $ 1,756,832 | $ 1,396,730 | $ 2,018,194 | $ 1,467,780 | $ 1,249,537 | $ 1,105,700 | 7,487,350 | 5,841,211 | 5,696,725 |
Financial Services | 54,175 | 48,020 | 43,082 | 35,848 | 43,434 | 38,967 | 30,754 | 27,598 | 181,126 | 140,753 | 125,638 |
Total revenues | 2,493,078 | 1,942,905 | 1,799,914 | 1,432,578 | 2,061,628 | 1,506,747 | 1,280,291 | 1,133,298 | 7,668,476 | 5,981,964 | 5,822,363 |
Homebuilding Cost of Revenues: | |||||||||||
Home sale cost of revenues | (5,587,974) | (4,235,945) | (4,149,674) | ||||||||
Land sale cost of revenues | (32,115) | (35,858) | (23,748) | ||||||||
Total cost of revenues | (1,835,928) | (1,429,133) | (1,314,972) | (1,040,056) | (1,470,053) | (1,070,231) | (915,151) | (816,368) | (5,620,089) | (4,271,803) | (4,173,422) |
Financial Services expenses | (108,573) | (82,047) | (71,057) | ||||||||
Selling, general, and administrative expenses | (957,150) | (794,728) | (861,390) | ||||||||
Other expense, net | (48,814) | (17,363) | (26,736) | ||||||||
Income before income taxes | 413,721 | 212,335 | 189,580 | 118,213 | 373,315 | 179,276 | 167,627 | 95,805 | 933,850 | 816,023 | 689,758 |
Income tax expense | (140,549) | (83,865) | (71,820) | (34,913) | (145,288) | (71,507) | (64,303) | (40,834) | (331,147) | (321,933) | (215,420) |
Net income | $ 273,172 | $ 128,470 | $ 117,760 | $ 83,300 | $ 228,027 | $ 107,769 | $ 103,324 | $ 54,971 | $ 602,703 | $ 494,090 | $ 474,338 |
Net income per share: | |||||||||||
Basic (usd per share) | $ 0.83 | $ 0.37 | $ 0.34 | $ 0.24 | $ 0.65 | $ 0.31 | $ 0.28 | $ 0.15 | $ 1.76 | $ 1.38 | $ 1.27 |
Diluted (usd per share) | $ 0.83 | $ 0.37 | $ 0.34 | $ 0.24 | $ 0.64 | $ 0.30 | $ 0.28 | $ 0.15 | 1.75 | 1.36 | 1.26 |
Cash dividends declared (usd per share) | $ 0.36 | $ 0.33 | $ 0.23 | ||||||||
Number of shares used in calculation: | |||||||||||
Basic shares outstanding (shares) | 325,975 | 340,171 | 345,240 | 347,815 | 348,699 | 350,147 | 361,009 | 366,748 | 339,747 | 356,576 | 370,377 |
Effect of dilutive securities (shares) | 1,834 | 2,250 | 2,759 | 2,662 | 3,047 | 3,225 | 3,232 | 3,362 | 2,376 | 3,217 | 3,725 |
Diluted shares outstanding (shares) | 327,809 | 342,421 | 347,999 | 350,477 | 351,746 | 353,372 | 364,241 | 370,110 | 342,123 | 359,793 | 374,102 |
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the total of the costs related to real estate revenues, including management, leasing, and development services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The aggregate costs of real estate land sales including administrative paperwork, real estate brokerage, title, and property management operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate costs incurred during the reporting period related to financial services rendered by an entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate financial services revenue and operating interest income earned during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate costs related to design, development, general contracting, remodeling, and renovation services for residential buildings, including single-family houses, multifamily housing, townhomes, apartments, and modular housing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenue related to the sale of homes and home building activities including design, development, general contracting, and renovation services for residential buildings, including single-family houses, multifamily housing, townhouses, apartments, and modular housing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenue from the sale of land in the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate revenue from real estate operations during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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