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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues $ 2,338,330 $ 2,658,943 $ 4,516,607 $ 5,037,352
Interest expense (6,795) (12,257) (14,053) (25,423)
Income before taxes 471,176 574,012 904,986 1,139,957
Income tax expense (67,149) (140,698) (156,607) (280,543)
Net income $ 404,027 $ 433,314 $ 748,379 $ 859,414
Basic earnings per share (USD per share) $ 123.84 $ 131.84 $ 230.20 $ 257.65
Diluted earnings per share (USD per share) $ 116.54 $ 123.65 $ 216.52 $ 240.05
Basic weighted average shares outstanding (in shares) 3,262,529 3,286,574 3,250,960 3,335,644
Diluted weighted average shares outstanding (in shares) 3,466,936 3,504,304 3,456,406 3,580,089
Home Building Segment        
Revenues $ 2,283,769 $ 2,610,062 $ 4,415,102 $ 4,919,289
Other income 34,259 3,896 67,205 5,235
Cost of Goods and Services Sold 1,728,146 1,924,727 3,336,056 3,576,092
Selling, general and administrative (148,543) (132,432) (292,161) (261,942)
Operating income 441,339 556,799 854,090 1,086,490
Interest expense (6,628) (11,852) (13,629) (24,656)
Income before taxes 434,711 544,947 840,461 1,061,834
Mortgage Banking        
Revenues 54,561 48,881 101,505 118,063
Interest income 3,823 2,772 6,841 4,846
Other income 1,102 1,303 2,091 2,375
General and administrative (22,854) (23,486) (45,488) (46,394)
Interest expense (167) (405) (424) (767)
Income before taxes $ 36,465 $ 29,065 $ 64,525 $ 78,123