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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues $ 2,283,598 $ 1,620,368 $ 4,325,044 $ 3,202,896
Interest expense (13,270) (9,525) (26,667) (16,011)
Income before taxes 417,465 209,831 729,471 371,206
Income tax expense (96,170) (45,756) (159,414) (31,428)
Net income $ 321,295 $ 164,075 $ 570,057 $ 339,778
Basic earnings per share (USD per share) $ 88.69 $ 44.56 $ 156.27 $ 92.52
Diluted earnings per share (USD per share) $ 82.45 $ 42.50 $ 145.53 $ 87.56
Basic weighted average shares outstanding (in shares) 3,623 3,682 3,648 3,673
Diluted weighted average shares outstanding (in shares) 3,897 3,861 3,917 3,881
Home Building Segment        
Revenues $ 2,224,560 $ 1,588,758 $ 4,188,271 $ 3,144,465
Other income 1,632 2,408 3,218 7,744
Cost of Goods and Services Sold 1,721,673 1,284,493 3,299,126 2,579,236
Selling, general and administrative (113,406) (102,702) (234,825) (212,869)
Operating income 391,113 203,971 657,538 360,104
Interest expense (12,850) (9,166) (25,856) (15,380)
Income before taxes 378,263 194,805 631,682 344,724
Mortgage Banking        
Revenues 59,038 31,610 136,773 58,431
Interest income 2,209 1,854 4,241 4,323
Other income 988 679 1,855 1,328
General and administrative (22,613) (18,758) (44,269) (36,969)
Interest expense (420) (359) (811) (631)
Income before taxes $ 39,202 $ 15,026 $ 97,789 $ 26,482