Note 21 - Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2013

Supplemental Condensed Consolidating Statements of Operations [Table Text Block]

	Three Months Ended March 31, 2013
	Standard Pacific Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Homebuilding:
Revenues	$	175,235		$	151,389		$	31,097		$	―		$	357,721
Cost of sales		(137,086	)		(120,400	)		(25,709	)		―			(283,195	)
Gross margin		38,149			30,989			5,388			―			74,526
Selling, general and administrative expenses		(21,030	)		(22,046	)		(3,218	)		―			(46,294	)
Income (loss) from unconsolidated joint ventures		1,135			(72	)		71			―			1,134
Equity income (loss) of subsidiaries		5,280			―			―			(5,280	)		―
Interest expense		5,003			(3,602	)		(1,401	)		―			―
Other income (expense		3,507			(16	)		79			―			3,570
Homebuilding pretax income (loss)		32,044			5,253			919			(5,280	)		32,936
Financial Services:
Financial services pretax income		―			―			2,457			―			2,457
Income (loss) before income taxes		32,044			5,253			3,376			(5,280	)		35,393
Provision for income taxes		(10,220	)		(2,405	)		(944	)		―			(13,569	)
Net income (loss)	$	21,824		$	2,848		$	2,432		$	(5,280	)	$	21,824

	Three Months Ended March 31, 2012
	Standard Pacific Corp.				Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Standard Pacific Corp.
		(Dollars in thousands)
Homebuilding:
Revenues		$	74,255		$	124,889		$	24,558		$	―		$	223,702
Cost of sales			(57,955	)		(100,303	)		(20,703	)		―			(178,961	)
Gross margin			16,300			24,586			3,855			―			44,741
Selling, general and administrative expenses			(17,222	)		(17,989	)		(2,481	)		―			(37,692	)
Loss from unconsolidated joint ventures			(682	)		(28	)		(812	)		―			(1,522	)
Equity income (loss) of subsidiaries			1,855			―			―			(1,855	)		―
Interest expense			3,356			(4,241	)		(1,645	)		―			(2,530	)
Other income (expense)			4,013			49			222			―			4,284
Homebuilding pretax income (loss)			7,620			2,377			(861	)		(1,855	)		7,281
Financial Services:
Financial services pretax income			―			―			1,429			―			1,429
Income (loss) before income taxes			7,620			2,377			568			(1,855	)		8,710
(Provision) benefit for income taxes			903			(757	)		(333	)		―			(187	)
Net income (loss)		$	8,523		$	1,620		$	235		$	(1,855	)	$	8,523

Supplemental Condensed Consolidating Balance Sheets [Table Text Block]

	March 31, 2013
	Standard Pacific Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
ASSETS
Homebuilding:
Cash and equivalents	$	118,043	$	149	$	162,275	$	―		$	280,467
Restricted cash		―		―		27,562		―			27,562
Trade and other receivables		909,407		6,636		19,430		(915,833	)		19,640
Inventories - Owned		754,827		811,917		482,958		―			2,049,702
Inventories - Not owned		6,045		35,251		30,723		―			72,019
Investments in unconsolidated joint ventures		1,140		707		51,177		―			53,024
Investments in subsidiaries		722,789		―		―		(722,789	)		―
Deferred income taxes, net		441,196		―		―		148			441,344
Other assets		35,189		2,963		1,170		―			39,322
Total Homebuilding Assets		2,988,636		857,623		775,295		(1,638,474	)		2,983,080
Financial Services:
Cash and equivalents		―		―		5,846		―			5,846
Restricted cash		―		―		2,420		―			2,420
Mortgage loans held for sale, net		―		―		119,246		―			119,246
Mortgage loans held for investment, net		―		―		9,716		―			9,716
Other assets		―		―		8,083		(2,692	)		5,391
Total Financial Services Assets		―		―		145,311		(2,692	)		142,619
Total Assets	$	2,988,636	$	857,623	$	920,606	$	(1,641,166	)	$	3,125,699
LIABILITIES AND EQUITY
Homebuilding:
Accounts payable	$	8,147	$	8,463	$	4,258	$	―		$	20,868
Accrued liabilities		162,135		564,283		360,136		(899,842	)		186,712
Secured project debt and other notes payable		―		―		4,423		―			4,423
Senior notes payable		1,531,147		―		―		―			1,531,147
Total Homebuilding Liabilities		1,701,429		572,746		368,817		(899,842	)		1,743,150
Financial Services:
Accounts payable and other liabilities		―		―		10,601		(8,535	)		2,066
Mortgage credit facilities		―		―		103,276		(10,000	)		93,276
Total Financial Services Liabilities		―		―		113,877		(18,535	)		95,342
Total Liabilities		1,701,429		572,746		482,694		(918,377	)		1,838,492
Equity:
Total Stockholders' Equity		1,287,207		284,877		437,912		(722,789	)		1,287,207
Total Liabilities and Equity	$	2,988,636	$	857,623	$	920,606	$	(1,641,166	)	$	3,125,699

	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		845,549		4,219		19,981		(859,025	)		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		717,205		―		―		(717,205	)		―
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		519,139		343,485		(839,534	)		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		529,676		352,068		(839,534	)		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		529,676		468,753		(861,569	)		1,857,258
Equity:
Total Stockholders' Equity		1,255,816		281,725		435,480		(717,205	)		1,255,816
Total Liabilities and Equity	$	2,976,214	$	811,401	$	904,233	$	(1,578,774	)	$	3,113,074

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

	Three Months Ended March 31, 2013
	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	$	(35,758	)	$	253		$	(22,956	)	$	―	$	(58,461	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		(232	)		(26	)		(2,294	)		―		(2,552	)
Distributions of capital from unconsolidated homebuilding joint ventures		―			―			1,320			―		1,320
Other investing activities		(343	)		(192	)		166			―		(369	)
Net cash provided by (used in) investing activities		(575	)		(218	)		(808	)		―		(1,601	)
Cash Flows From Financing Activities:
Change in restricted cash		―			―			(662	)		―		(662	)
Principal payments on secured project debt and other notes payable		(6,804	)		―			(289	)		―		(7,093	)
Net proceeds from (payments on) mortgage credit facilities		―			―			1,117			―		1,117
Proceeds from the exercise of stock options		6,458			―			―			―		6,458
Net cash provided by (used in) financing activities		(346	)		―			166			―		(180	)
Net increase (decrease) in cash and equivalents		(36,679	)		35			(23,598	)		―		(60,242	)
Cash and equivalents at beginning of period		154,722			114			191,719			―		346,555
Cash and equivalents at end of period	$	118,043		$	149		$	168,121		$	―	$	286,313

	Three Months Ended March 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	$	(58,808	)	$	183		$	16,507		$	―	$	(42,118	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		(878	)		(54	)		(1,935	)		―		(2,867	)
Distributions of capital from unconsolidated homebuilding joint ventures		750			―			239			―		989
Other investing activities		(391	)		(130	)		53			―		(468	)
Net cash provided by (used in) investing activities		(519	)		(184	)		(1,643	)		―		(2,346	)
Cash Flows From Financing Activities:
Change in restricted cash		―			―			3,574			―		3,574
Principal payments on secured project debt and other notes payable		―			―			(466	)		―		(466	)
Net proceeds from (payments on) mortgage credit facilities		―			―			2,721			―		2,721
Distributions from (contributions to) Corporate and subsidiaries		18,000			―			(18,000	)		―		―
Proceeds from the exercise of stock options		778			―			―			―		778
Net cash provided by (used in) financing activities		18,778			―			(12,171	)		―		6,607
Net increase (decrease) in cash and equivalents		(40,549	)		(1	)		2,693			―		(37,857	)
Cash and equivalents at beginning of period		66,757			176			343,589			―		410,522
Cash and equivalents at end of period	$	26,208		$	175		$	346,282		$	―	$	372,665