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Segment Information
3 Months Ended
Mar. 31, 2022
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, Colorado, 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,
 20222021
Revenues:
Northeast$164,331 $176,467 
Southeast528,198 436,779 
Florida767,969 625,241 
Midwest452,674 366,814 
Texas446,273 374,121 
West744,027 644,247 
3,103,472 2,623,669 
Financial Services84,143 106,122 
Consolidated revenues$3,187,615 $2,729,791 
Income (loss) before income taxes:
Northeast$27,399 $25,894 
Southeast126,132 71,322 
Florida160,694 101,208 
Midwest64,701 52,864 
Texas83,716 65,648 
West133,311 98,832 
Other homebuilding (a)
(36,653)(88,064)
559,300 327,704 
Financial Services40,593 66,348 
Consolidated income before income taxes$599,893 $394,052 

(a)Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the other 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,
20222021
Land-related charges (a):
Northeast$102 $116 
Southeast1,902 456 
Florida972 131 
Midwest158 54 
Texas239 527 
West137 84 
Other homebuilding— — 
$3,510 $1,368 

(a)    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.

 Operating Data by Segment
($000's omitted)
March 31, 2022
 Homes Under
Construction
Land Under
Development
Raw LandTotal
Inventory
Total
Assets
Northeast$334,122 $234,813 $16,030 $584,965 $718,785 
Southeast742,514 499,110 75,210 1,316,834 1,481,554 
Florida1,190,976 903,364 222,449 2,316,789 2,752,490 
Midwest583,360 458,445 27,466 1,069,271 1,198,261 
Texas696,620 553,061 148,602 1,398,283 1,540,106 
West1,446,362 1,238,943 183,023 2,868,328 3,145,372 
Other homebuilding (a)
51,828 248,643 14,948 315,419 1,642,392 
5,045,782 4,136,379 687,728 9,869,889 12,478,960 
Financial Services— — — — 685,280 
$5,045,782 $4,136,379 $687,728 $9,869,889 $13,164,240 
 Operating Data by Segment
($000's omitted)
 December 31, 2021
 Homes Under
Construction
Land Under
Development
Raw LandTotal
Inventory
Total
Assets
Northeast$285,975 $246,128 $17,554 $549,657 $644,019 
Southeast604,310 537,072 67,815 1,209,197 1,362,852 
Florida943,110 866,266 289,388 2,098,764 2,545,457 
Midwest527,001 460,279 15,869 1,003,149 1,132,081 
Texas581,417 512,925 95,833 1,190,175 1,315,943 
West1,235,457 1,191,834 227,850 2,655,141 2,955,283 
Other homebuilding (a)
48,039 276,511 16,936 341,486 2,314,839 
4,225,309 4,091,015 731,245 9,047,569 12,270,474 
Financial Services— — — — 1,082,157 
$4,225,309 $4,091,015 $731,245 $9,047,569 $13,352,631 
 
(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.