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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues $ 2,395,640 $ 1,990,012 $ 6,720,684 $ 5,192,908
Interest expense (13,243) (11,687) (39,910) (27,698)
Income before taxes 434,127 321,457 1,163,598 692,663
Income tax expense (102,046) (64,991) (261,460) (96,419)
Net income $ 332,081 $ 256,466 $ 902,138 $ 596,244
Basic earnings per share (USD per share) $ 93.25 $ 69.19 $ 249.30 $ 161.85
Diluted earnings per share (USD per share) $ 86.44 $ 65.11 $ 231.75 $ 153.03
Basic weighted average shares outstanding (in shares) 3,561 3,706 3,619 3,684
Diluted weighted average shares outstanding (in shares) 3,842 3,939 3,893 3,896
Home Building Segment        
Revenues $ 2,336,615 $ 1,920,751 $ 6,524,886 $ 5,065,216
Other income 1,496 1,988 4,714 9,732
Cost of Goods and Services Sold 1,817,939 1,536,044 5,117,065 4,115,280
Selling, general and administrative (112,226) (105,741) (347,051) (318,610)
Operating income 407,946 280,954 1,065,484 641,058
Interest expense (12,838) (11,309) (38,694) (26,689)
Income before taxes 395,108 269,645 1,026,790 614,369
Mortgage Banking        
Revenues 59,025 69,261 195,798 127,692
Interest income 2,336 2,222 6,577 6,545
Other income 1,022 887 2,877 2,215
General and administrative (22,959) (20,180) (67,228) (57,149)
Interest expense (405) (378) (1,216) (1,009)
Income before taxes $ 39,019 $ 51,812 $ 136,808 $ 78,294