Quarterly Results (unaudited) |
Quarterly Results (unaudited) The following table sets forth unaudited selected financial data and operating information on a quarterly basis for the years ended December 31, 2019 and 2018. | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2019 | | | 4th Quarter | | 3rd Quarter | | 2nd Quarter | | 1st Quarter | Homebuilding data: | | | | | | | | | Revenues | | $ | 1,946,859 |
| | $ | 1,873,331 |
| | $ | 1,757,448 |
| | $ | 1,643,206 |
| Gross profit | | $ | 379,467 |
| | $ | 355,055 |
| | $ | 332,060 |
| | $ | 304,400 |
| Mortgage Banking data: | | | | | | | | | Mortgage banking fees | | $ | 43,336 |
| | $ | 37,933 |
| | $ | 42,746 |
| | $ | 43,805 |
| Loans closed | | $ | 1,418,742 |
| | $ | 1,373,946 |
| | $ | 1,231,039 |
| | $ | 1,140,999 |
| Consolidated data: | | | | | | | | | Net income | | $ | 256,137 |
| | $ | 223,787 |
| | $ | 210,209 |
| | $ | 188,406 |
| Diluted earnings per share | | $ | 64.41 |
| | $ | 56.11 |
| | $ | 53.09 |
| | $ | 47.64 |
| Operating data: | | | | | | | | | New orders (units) | | 4,392 |
| | 4,766 |
| | 5,239 |
| | 5,139 |
| Settlements (units) | | 5,331 |
| | 5,124 |
| | 4,720 |
| | 4,493 |
| Backlog (units) | | 8,233 |
| | 9,172 |
| | 9,530 |
| | 9,011 |
|
| | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2018 | | | 4th Quarter | | 3rd Quarter | | 2nd Quarter | | 1st Quarter | Homebuilding data: | | | | | | | | | Revenues | | $ | 1,954,403 |
| | $ | 1,809,345 |
| | $ | 1,750,463 |
| | $ | 1,490,093 |
| Gross profit | | $ | 363,668 |
| | $ | 336,696 |
| | $ | 333,666 |
| | $ | 278,147 |
| Mortgage Banking data: | | | | | | | | | Mortgage banking fees | | $ | 40,145 |
| | $ | 43,062 |
| | $ | 36,842 |
| | $ | 39,321 |
| Loans closed | | $ | 1,356,430 |
| | $ | 1,249,199 |
| | $ | 1,214,101 |
| | $ | 1,009,673 |
| Consolidated data: | | | | | | | | | Net income | | $ | 232,158 |
| | $ | 195,816 |
| | $ | 203,174 |
| | $ | 166,049 |
| Diluted earnings per share | | $ | 58.57 |
| | $ | 48.28 |
| | $ | 49.05 |
| | $ | 39.34 |
| Operating data: | | | | | | | | | New orders (units) | | 3,841 |
| | 4,302 |
| | 4,964 |
| | 5,174 |
| Settlements (units) | | 5,186 |
| | 4,754 |
| | 4,611 |
| | 3,896 |
| Backlog (units) | | 8,365 |
| | 9,710 |
| | 10,162 |
| | 9,809 |
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