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Segment Information
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment information Segment information
Our Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the U.S. and the construction of housing on such land. For reporting purposes, our Homebuilding operations are aggregated into six reportable segments:
Northeast:Connecticut, Maryland, Massachusetts, New Jersey, Pennsylvania, Virginia
Southeast:Georgia, North Carolina, South Carolina, Tennessee
Florida:Florida
Midwest:Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio
Texas:Texas
West:Arizona, California, Nevada, New Mexico, Washington

We also have a reportable segment for our Financial Services operations, which consist principally of mortgage banking, title, and insurance brokerage operations that operate generally in the same markets as the Homebuilding segments.
Operating Data by Segment
($000’s omitted)
 Three Months Ended
March 31,
 20212020
Revenues:
Northeast$176,467 $162,434 
Southeast436,779 382,394 
Florida625,241 506,689 
Midwest366,814 292,169 
Texas374,121 344,738 
West644,247 552,006 
2,623,669 2,240,430 
Financial Services106,122 54,550 
Consolidated revenues$2,729,791 $2,294,980 
Income (loss) before income taxes:
Northeast$25,894 $18,609 
Southeast71,322 54,744 
Florida (a)
101,208 55,333 
Midwest52,864 31,462 
Texas65,648 53,595 
West98,832 67,255 
Other homebuilding (b)
(88,064)(36,780)
327,704 244,218 
Financial Services66,348 19,551 
Consolidated income before income taxes$394,052 $263,769 

(a)Includes goodwill impairment charge totaling $20.2 million (see Note 1) in the three months ended March 31, 2020.
(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 a loss on debt retirement of $61.5 million in the three months ended March 31, 2021 (see Note 4).
Operating Data by Segment
($000’s omitted)
Three Months Ended
March 31,
20212020
Land-related charges (a):
Northeast$116 $4,753 
Southeast456 748 
Florida131 522 
Midwest54 777 
Texas527 656 
West84 1,529 
Other homebuilding— 744 
$1,368 $9,729 

(a)    Land-related charges include land impairments, NRV adjustments on land held for sale, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue.

 Operating Data by Segment
($000's omitted)
March 31, 2021
 Homes Under
Construction
Land Under
Development
Raw LandTotal
Inventory
Total
Assets
Northeast$384,606 $236,846 $41,641 $663,093 $766,691 
Southeast532,643 623,668 74,107 1,230,418 1,346,886 
Florida733,612 890,080 83,806 1,707,498 2,036,755 
Midwest421,833 389,098 16,556 827,487 949,539 
Texas413,218 417,342 114,603 945,163 1,040,459 
West1,053,317 1,123,844 122,283 2,299,444 2,582,835 
Other homebuilding (a)
55,177 232,471 14,460 302,108 2,073,987 
3,594,406 3,913,349 467,456 7,975,211 10,797,152 
Financial Services— — — — 648,589 
$3,594,406 $3,913,349 $467,456 $7,975,211 $11,445,741 
 Operating Data by Segment
($000's omitted)
 December 31, 2020
 Homes Under
Construction
Land Under
Development
Raw LandTotal
Inventory
Total
Assets
Northeast$342,737 $203,561 $68,865 $615,163 $712,205 
Southeast465,950 645,408 69,937 1,181,295 1,296,382 
Florida638,394 921,962 116,709 1,677,065 1,967,788 
Midwest364,839 424,169 18,173 807,181 911,984 
Texas354,256 458,893 66,024 879,173 955,436 
West874,673 1,212,730 142,380 2,229,783 2,519,724 
Other homebuilding (a)
45,891 270,595 15,652 332,138 3,149,871 
3,086,740 4,137,318 497,740 7,721,798 11,513,390 
Financial Services— — — — 692,108 
$3,086,740 $4,137,318 $497,740 $7,721,798 $12,205,498 
 
(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.