Note 16 - Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2012

Supplemental Condensed Consolidating Statements of Operations [Table Text Block]

	Year Ended December 31, 2012
	Standard Pacific Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Homebuilding:
Revenues	$	518,040		$	580,419		$	138,499		$	―		$	1,236,958
Cost of sales		(408,569	)		(463,566	)		(121,149	)		―			(993,284	)
Gross margin		109,471			116,853			17,350			―			243,674
Selling, general and administrative expenses		(78,335	)		(81,490	)		(12,382	)		―			(172,207	)
Loss from unconsolidated joint ventures		(166	)		(659	)		(1,265	)		―			(2,090	)
Equity income (loss) of subsidiaries		13,618			―			―			(13,618	)		―
Interest expense		17,319			(17,052	)		(6,663	)		―			(6,396	)
Other income (expense)		4,695			194			(225	)		―			4,664
Homebuilding pretax income (loss)		66,602			17,846			(3,185	)		(13,618	)		67,645
Financial Services:
Financial services pretax income (loss)		(304	)		304			10,542			―			10,542
Income (loss) before income taxes		66,298			18,150			7,357			(13,618	)		78,187
(Provision) benefit for income taxes		465,123			(6,668	)		(5,221	)		―			453,234
Net income (loss)	$	531,421		$	11,482		$	2,136		$	(13,618	)	$	531,421

	Year Ended December 31, 2011
	Standard Pacific Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Homebuilding:
Revenues	$	346,645		$	483,396		$	52,952		$	―		$	882,993
Cost of sales		(277,248	)		(400,150	)		(43,398	)		―			(720,796	)
Gross margin		69,397			83,246			9,554			―			162,197
Selling, general and administrative expenses		(79,469	)		(69,148	)		(5,758	)		―			(154,375	)
Income (loss) from unconsolidated joint ventures		653			(192	)		(254	)		―			207
Equity income (loss) of subsidiaries		756			―			―			(756	)		―
Interest expense		(3,036	)		(19,603	)		(2,529	)		―			(25,168	)
Other income (expense)		(802	)		(1,387	)		1,172			―			(1,017	)
Homebuilding pretax income (loss)		(12,501	)		(7,084	)		2,185			(756	)		(18,156	)
Financial Services:
Financial services pretax income (loss)		(177	)		177			1,683			―			1,683
Income (loss) before income taxes		(12,678	)		(6,907	)		3,868			(756	)		(16,473	)
(Provision) benefit for income taxes		(3,739	)		4,757			(962	)		―			56
Net income (loss)	$	(16,417	)	$	(2,150	)	$	2,906		$	(756	)	$	(16,417	)

	Year Ended December 31, 2010
	Standard Pacific Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments		Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Homebuilding:
Revenues	$	401,476		$	444,773		$	66,169		$	―	$	912,418
Cost of sales		(295,214	)		(361,464	)		(53,896	)		―		(710,574	)
Gross margin		106,262			83,309			12,273			―		201,844
Selling, general and administrative expenses		(80,942	)		(65,113	)		(4,487	)		―		(150,542	)
Income (loss) from unconsolidated joint ventures		1,089			(319	)		396			―		1,166
Equity income (loss) of subsidiaries		(622	)		―			―			622		―
Interest expense		(16,468	)		(21,997	)		(1,709	)		―		(40,174	)
Loss on early extinguishment of debt		(30,028	)		―			―			―		(30,028	)
Other income (expense)		(536	)		(493	)		4,762			―		3,733
Homebuilding pretax income (loss)		(21,245	)		(4,613	)		11,235			622		(14,001	)
Financial Services:
Financial services pretax income (loss)		(142	)		142			1,720			―		1,720
Income (loss) before income taxes		(21,387	)		(4,471	)		12,955			622		(12,281	)
(Provision) benefit for income taxes		9,663			(1,893	)		(7,213	)		―		557
Net income (loss)	$	(11,724	)	$	(6,364	)	$	5,742		$	622	$	(11,724	)

Supplemental Condensed Consolidating Balance Sheets [Table Text Block]

	December 31, 2012
	Standard Pacific Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
ASSETS
Homebuilding:
Cash and equivalents	$	154,722	$	114	$	185,072	$	―		$	339,908
Restricted cash		―		―		26,900		―			26,900
Trade and other receivables		845,245		4,219		19,981		(858,721	)		10,724
Inventories - Owned		759,553		766,188		445,677		―			1,971,418
Inventories - Not owned		4,495		36,991		29,809		―			71,295
Investments in unconsolidated joint ventures		1,649		622		50,172		―			52,443
Investments in subsidiaries		717,509		―		―		(717,509	)		―
Deferred income taxes, net		455,224		―		―		148			455,372
Other assets		37,817		3,267		834		―			41,918
Total Homebuilding Assets		2,976,214		811,401		758,445		(1,576,082	)		2,969,978
Financial Services:
Cash and equivalents		―		―		6,647		―			6,647
Restricted cash		―		―		2,420		―			2,420
Mortgage loans held for sale, net		―		―		119,549		―			119,549
Mortgage loans held for investment, net		―		―		9,923		―			9,923
Other assets		―		―		7,249		(2,692	)		4,557
Total Financial Services Assets		―		―		145,788		(2,692	)		143,096
Total Assets	$	2,976,214	$	811,401	$	904,233	$	(1,578,774	)	$	3,113,074
LIABILITIES AND EQUITY
Homebuilding:
Accounts payable	$	8,038	$	10,537	$	3,871	$	―		$	22,446
Accrued liabilities		175,054		518,835		343,485		(839,230	)		198,144
Secured project debt and other notes payable		6,804		―		4,712		―			11,516
Senior notes payable		1,530,502		―		―		―			1,530,502
Total Homebuilding Liabilities		1,720,398		529,372		352,068		(839,230	)		1,762,608
Financial Services:
Accounts payable and other liabilities		―		―		11,026		(8,535	)		2,491
Mortgage credit facilities		―		―		105,659		(13,500	)		92,159
Total Financial Services Liabilities		―		―		116,685		(22,035	)		94,650
Total Liabilities		1,720,398		529,372		468,753		(861,265	)		1,857,258
Equity:
Total Stockholders' Equity		1,255,816		282,029		435,480		(717,509	)		1,255,816
Total Liabilities and Equity	$	2,976,214	$	811,401	$	904,233	$	(1,578,774	)	$	3,113,074

	December 31, 2011
	Standard Pacific Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
ASSETS
Homebuilding:
Cash and equivalents	$	66,757	$	176	$	339,852	$	―		$	406,785
Restricted cash		―		―		31,372		―			31,372
Trade and other receivables		485,835		5,435		23,898		(503,643	)		11,525
Inventories - Owned		647,577		623,945		205,717		―			1,477,239
Inventories - Not owned		6,123		51,684		2,033		―			59,840
Investments in unconsolidated joint ventures		24,082		2,340		55,385		―			81,807
Investments in subsidiaries		766,496		―		―		(766,496	)		―
Deferred income taxes, net		5,178		―		―		148			5,326
Other assets		32,496		2,965		232		―			35,693
Total Homebuilding Assets		2,034,544		686,545		658,489		(1,269,991	)		2,109,587
Financial Services:
Cash and equivalents		―		―		3,737		―			3,737
Restricted cash		―		―		1,295		―			1,295
Mortgage loans held for sale, net		―		―		74,195		―			74,195
Mortgage loans held for investment, net		―		―		10,115		―			10,115
Other assets		―		―		4,517		(3,063	)		1,454
Total Financial Services Assets		―		―		93,859		(3,063	)		90,796
Total Assets	$	2,034,544	$	686,545	$	752,348	$	(1,273,054	)	$	2,200,383
LIABILITIES AND EQUITY
Homebuilding:
Accounts payable	$	6,911	$	9,887	$	1,031	$	―		$	17,829
Accrued liabilities		82,462		406,111		181,082		(483,765	)		185,890
Secured project debt and other notes payable		―		―		3,531		―			3,531
Senior notes payable		1,275,093		―		―		―			1,275,093
Senior subordinated notes payable		46,324		―		―		―			46,324
Total Homebuilding Liabilities		1,410,790		415,998		185,644		(483,765	)		1,528,667
Financial Services:
Accounts payable and other liabilities		―		―		5,947		(4,793	)		1,154
Mortgage credit facilities		―		―		64,808		(18,000	)		46,808
Total Financial Services Liabilities		―		―		70,755		(22,793	)		47,962
Total Liabilities		1,410,790		415,998		256,399		(506,558	)		1,576,629
Equity:
Total Stockholders' Equity		623,754		270,547		495,949		(766,496	)		623,754
Total Liabilities and Equity	$	2,034,544	$	686,545	$	752,348	$	(1,273,054	)	$	2,200,383

Supplemental Condensed Consolidating Statements of Cash Flows [Table Text Block]

	Year Ended December 31, 2012
	Standard Pacific Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	$	(248,495	)	$	(794	)	$	(8,227	)	$	(25,600	)	$	(283,116	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		(2,630	)		(180	)		(80,248	)		25,600			(57,458	)
Distributions of capital from unconsolidated homebuilding joint ventures		1,392			1,500			11,638			―			14,530
Net cash paid for acquisitions		―			―			(60,752	)		―			(60,752	)
Other investing activities		(1,429	)		(588	)		492			―			(1,525	)
Net cash provided by (used in) investing activities		(2,667	)		732			(128,870	)		25,600			(105,205	)
Cash Flows From Financing Activities:
Change in restricted cash		―			―			3,347			―			3,347
Principal payments on secured project debt and other notes payable		―			―			(866	)		―			(866	)
Principal payments on senior subordinated notes payable		(49,603	)		―			―			―			(49,603	)
Proceeds from convertible senior notes payable		253,000			―			―			―			253,000
Payment of debt issuance costs		(11,761	)		―			―			―			(11,761	)
Net proceeds from (payments on) mortgage credit facilities		―			―			45,351			―			45,351
Net proceeds from the issuance of common stock		71,847			―			―			―			71,847
(Contributions to) distributions from Corporate and subsidiaries		62,605			―			(62,605	)		―			―
Proceeds from the exercise of stock options		13,039			―			―			―			13,039
Net cash provided by (used in) financing activities		339,127			―			(14,773	)		―			324,354
Net increase (decrease) in cash and equivalents		87,965			(62	)		(151,870	)		―			(63,967	)
Cash and equivalents at beginning of year		66,757			176			343,589			―			410,522
Cash and equivalents at end of year	$	154,722		$	114		$	191,719		$	―		$	346,555

	Year Ended December 31, 2011
	Standard Pacific Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments		Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	$	(287,465	)	$	636		$	(35,784	)	$	―	$	(322,613	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		(4,265	)		(216	)		(10,208	)		―		(14,689	)
Distributions of capital from unconsolidated homebuilding joint ventures		751			―			7,842			―		8,593
Other investing activities		(1,512	)		(188	)		(517	)		―		(2,217	)
Net cash provided by (used in) investing activities		(5,026	)		(404	)		(2,883	)		―		(8,313	)
Cash Flows From Financing Activities:
Change in restricted cash		―			―			(1,559	)		―		(1,559	)
Principal payments on secured project debt and other notes payable		―			(273	)		(934	)		―		(1,207	)
Payment of debt issuance costs		(4,575	)		―						―		(4,575	)
Net proceeds from (payments on) mortgage credit facilities		―			―			16,464			―		16,464
(Contributions to) distributions from Corporate and subsidiaries		102,000			―			(102,000	)		―		―
Payment of issuance costs in connection with exercise of Warrant for common stock		(324	)		―			―			―		(324	)
Proceeds from the exercise of stock options		1,278			―			―			―		1,278
Net cash provided by (used in) financing activities		98,379			(273	)		(88,029	)		―		10,077
Net increase (decrease) in cash and equivalents		(194,112	)		(41	)		(126,696	)		―		(320,849	)
Cash and equivalents at beginning of year		260,869			217			470,285			―		731,371
Cash and equivalents at end of year	$	66,757		$	176		$	343,589		$	―	$	410,522

	Year Ended December 31, 2010
	Standard Pacific Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments		Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	$	(206,309	)	$	18,334		$	107,017		$	―	$	(80,958	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		(3,260	)		(132	)		(36,121	)		―		(39,513	)
Distributions of capital from unconsolidated homebuilding joint ventures		4			(1	)		7,637			―		7,640
Other investing activities		(705	)		(362	)		(515	)		―		(1,582	)
Net cash provided by (used in) investing activities		(3,961	)		(495	)		(28,999	)		―		(33,455	)
Cash Flows From Financing Activities:
Change in restricted cash		―			―			(12,843	)		―		(12,843	)
Net proceeds from (principal payments on) secured project debt and other notes payable		(89,052	)		(18,024	)		23,514			―		(83,562	)
Principal payments on senior and senior subordinated notes payable		(792,389	)		―			―			―		(792,389	)
Proceeds from the issuance of senior notes payable		977,804			―			―			―		977,804
Payment of debt issuance costs		(17,215	)		―			―			―		(17,215	)
Net proceeds from (payments on) mortgage credit facilities		―			―			(10,651	)		―		(10,651	)
(Contributions to) distributions from Corporate and subsidiaries		19,775			―			(19,775	)		―		―
Net proceeds from issuance of common stock		186,443			―			―			―		186,443
Excess tax benefits from share-based payment arrangements		27			―			―			―		27
Proceeds from the exercise of stock options		2,611			―			―			―		2,611
Net cash provided by (used in) financing activities		288,004			(18,024	)		(19,755	)		―		250,225
Net increase (decrease) in cash and equivalents		77,734			(185	)		58,263			―		135,812
Cash and equivalents at beginning of year		183,135			402			412,022			―		595,559
Cash and equivalents at end of year	$	260,869		$	217		$	470,285		$	―	$	731,371