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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues $ 2,776,900 $ 2,395,640 $ 7,814,252 $ 6,720,684
Interest expense (7,202) (13,243) (32,625) (39,910)
Income before taxes 538,515 434,127 1,678,472 1,163,598
Income tax expense (127,122) (102,046) (407,665) (261,460)
Net income $ 411,393 $ 332,081 $ 1,270,807 $ 902,138
Basic earnings per share (USD per share) $ 125.97 $ 93.25 $ 383.68 $ 249.30
Diluted earnings per share (USD per share) $ 118.51 $ 86.44 $ 358.61 $ 231.75
Basic weighted average shares outstanding (in shares) 3,265,914 3,561,374 3,312,145 3,618,724
Diluted weighted average shares outstanding (in shares) 3,471,387 3,841,933 3,543,704 3,892,677
Home Building Segment        
Revenues $ 2,739,445 $ 2,336,615 $ 7,658,734 $ 6,524,886
Other income 10,211 1,496 15,446 4,714
Cost of Goods and Services Sold 2,092,457 1,817,939 5,668,549 5,117,065
Selling, general and administrative (129,416) (112,226) (391,358) (347,051)
Operating income 527,783 407,946 1,614,273 1,065,484
Interest expense (6,854) (12,838) (31,510) (38,694)
Income before taxes 520,929 395,108 1,582,763 1,026,790
Mortgage Banking        
Revenues 37,455 59,025 155,518 195,798
Interest income 3,437 2,336 8,283 6,577
Other income 1,294 1,022 3,669 2,877
General and administrative (24,252) (22,959) (70,646) (67,228)
Interest expense (348) (405) (1,115) (1,216)
Income before taxes $ 17,586 $ 39,019 $ 95,709 $ 136,808