Operating Data By Reporting Segment |
| | | | | | | | | | | | | | | | | | Operating Data by Segment ($000’s omitted) | | Three Months Ended | | Six Months Ended | | June 30, | | June 30, | | 2019 | | 2018 | | 2019 | | 2018 | Revenues: | | | | | | | | Northeast | $ | 200,237 |
| | $ | 200,626 |
| | $ | 310,729 |
| | $ | 333,062 |
| Southeast | 409,121 |
| | 445,506 |
| | 784,538 |
| | 820,129 |
| Florida | 535,153 |
| | 455,637 |
| | 931,597 |
| | 804,346 |
| Midwest | 350,584 |
| | 356,466 |
| | 644,174 |
| | 653,972 |
| Texas | 342,886 |
| | 330,692 |
| | 611,889 |
| | 577,331 |
| West | 595,047 |
| | 728,031 |
| | 1,102,933 |
| | 1,252,273 |
| | 2,433,028 |
| | 2,516,958 |
| | 4,385,860 |
| | 4,441,113 |
| Financial Services | 55,957 |
| | 52,764 |
| | 99,819 |
| | 98,702 |
| Consolidated revenues | $ | 2,488,985 |
| | $ | 2,569,722 |
| | $ | 4,485,679 |
| | $ | 4,539,815 |
| | | | | | | | | Income (loss) before income taxes: | | | | | | | | Northeast | $ | 26,212 |
| | $ | 25,158 |
| | $ | 34,140 |
| | $ | 34,470 |
| Southeast | 42,499 |
| | 54,357 |
| | 80,355 |
| | 94,814 |
| Florida | 80,066 |
| | 67,491 |
| | 129,662 |
| | 112,436 |
| Midwest | 42,962 |
| | 43,050 |
| | 69,120 |
| | 71,451 |
| Texas | 49,144 |
| | 50,859 |
| | 80,115 |
| | 81,395 |
| West (a) | 94,443 |
| | 154,414 |
| | 184,625 |
| | 243,619 |
| Other homebuilding (b) | (39,628 | ) | | (6,876 | ) | | (78,024 | ) | | (39,374 | ) | | 295,698 |
| | 388,453 |
| | 499,993 |
| | 598,811 |
| Financial Services | 25,078 |
| | 20,717 |
| | 37,486 |
| | 34,551 |
| Consolidated income before income taxes | $ | 320,776 |
| | $ | 409,170 |
| | $ | 537,479 |
| | $ | 633,362 |
|
| | (a) | West includes gains of $26.4 million related to two land sale transactions in California that closed in the three months ended June 30, 2018. |
| | (b) | Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the operating segments. Other homebuilding also includes insurance reserve reversals of $12.8 million and $16.6 million for the three and six months ended June 30, 2019, respectively, and $37.5 million and $35.1 million for the three and six months ended June 30, 2018, respectively, and write-offs of insurance receivables of $12.6 million and $24.2 million for the three and six months ended June 30, 2019 (see Note 8). |
| | | | | | | | | | | | | | | | | | Operating Data by Segment ($000’s omitted) | | | | | | Three Months Ended | | Six Months Ended | | June 30, | | June 30, | | 2019 | | 2018 | | 2019 | | 2018 | Land-related charges*: | | | | | | | | Northeast | $ | 130 |
| | $ | 498 |
| | $ | 454 |
| | $ | 1,683 |
| Southeast | 2,015 |
| | 689 |
| | 2,587 |
| | 1,731 |
| Florida | 765 |
| | 226 |
| | 1,246 |
| | 409 |
| Midwest | 203 |
| | 372 |
| | 1,306 |
| | 1,118 |
| Texas | 414 |
| | 220 |
| | 482 |
| | 270 |
| West | 216 |
| | 148 |
| | 647 |
| | 361 |
| Other homebuilding | 88 |
| | 269 |
| | 88 |
| | 269 |
| | $ | 3,831 |
| | $ | 2,422 |
| | $ | 6,810 |
| | $ | 5,841 |
|
* Land-related charges include land impairments, net realizable value adjustments on land held for sale and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue.
|
Total Assets And Inventory By Reporting Segment |
| | | | | | | | | | | | | | | | | | | | | | Operating Data by Segment | | ($000's omitted) | | June 30, 2019 | | Homes Under Construction | | Land Under Development | | Raw Land | | Total Inventory | | Total Assets | Northeast | $ | 366,441 |
| | $ | 259,727 |
| | $ | 25,929 |
| | $ | 652,097 |
| | $ | 745,833 |
| Southeast | 493,516 |
| | 671,369 |
| | 82,093 |
| | 1,246,978 |
| | 1,391,938 |
| Florida | 537,240 |
| | 886,951 |
| | 73,684 |
| | 1,497,875 |
| | 1,649,747 |
| Midwest | 349,951 |
| | 428,841 |
| | 33,779 |
| | 812,571 |
| | 890,008 |
| Texas | 353,512 |
| | 447,071 |
| | 98,613 |
| | 899,196 |
| | 966,504 |
| West | 966,605 |
| | 1,255,278 |
| | 120,991 |
| | 2,342,874 |
| | 2,590,663 |
| Other homebuilding (a) | 53,320 |
| | 280,396 |
| | 17,185 |
| | 350,901 |
| | 1,394,068 |
| | 3,120,585 |
| | 4,229,633 |
| | 452,274 |
| | 7,802,492 |
| | 9,628,761 |
| Financial Services | — |
| | — |
| | — |
| | — |
| | 466,776 |
| | $ | 3,120,585 |
| | $ | 4,229,633 |
| | $ | 452,274 |
| | $ | 7,802,492 |
| | $ | 10,095,537 |
| | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | Operating Data by Segment | | ($000's omitted) | | December 31, 2018 | | Homes Under Construction | | Land Under Development | | Raw Land | | Total Inventory | | Total Assets | Northeast | $ | 268,900 |
| | $ | 291,467 |
| | $ | 52,245 |
| | $ | 612,612 |
| | $ | 704,515 |
| Southeast | 443,140 |
| | 676,087 |
| | 90,332 |
| | 1,209,559 |
| | 1,347,427 |
| Florida | 467,625 |
| | 892,669 |
| | 85,321 |
| | 1,445,615 |
| | 1,601,906 |
| Midwest | 314,442 |
| | 433,056 |
| | 29,908 |
| | 777,406 |
| | 849,596 |
| Texas | 284,405 |
| | 427,124 |
| | 98,415 |
| | 809,944 |
| | 881,629 |
| West | 805,709 |
| | 1,131,841 |
| | 118,579 |
| | 2,056,129 |
| | 2,208,092 |
| Other homebuilding (a) | 45,937 |
| | 276,981 |
| | 19,170 |
| | 342,088 |
| | 2,006,825 |
| | 2,630,158 |
| | 4,129,225 |
| | 493,970 |
| | 7,253,353 |
| | 9,599,990 |
| Financial Services | — |
| | — |
| | — |
| | — |
| | 572,986 |
| | $ | 2,630,158 |
| | $ | 4,129,225 |
| | $ | 493,970 |
| | $ | 7,253,353 |
| | $ | 10,172,976 |
|
(a) Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments.
|