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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues $ 2,569,025 $ 2,776,900 $ 7,085,632 $ 7,814,252
Income before taxes 539,340 538,515 1,444,326 1,678,472
Income tax expense (106,183) (127,122) (262,790) (407,665)
Net income $ 433,157 $ 411,393 $ 1,181,536 $ 1,270,807
Basic earnings per share (USD per share) $ 132.92 $ 125.97 $ 363.14 $ 383.68
Diluted earnings per share (USD per share) $ 125.26 $ 118.51 $ 341.97 $ 358.61
Basic weighted average shares outstanding (in shares) 3,258,863 3,265,914 3,253,623 3,312,145
Diluted weighted average shares outstanding (in shares) 3,458,142 3,471,387 3,455,100 3,543,704
Home Building Segment        
Revenues $ 2,512,409 $ 2,739,445 $ 6,927,511 $ 7,658,734
Other income 39,914 10,211 107,119 15,446
Cost of Goods and Services Sold 1,902,174 2,092,457 5,238,230 5,668,549
Selling, general and administrative (142,715) (129,416) (434,876) (391,358)
Operating income 507,434 527,783 1,361,524 1,614,273
Interest expense (6,628) (6,854) (20,257) (31,510)
Income before taxes 500,806 520,929 1,341,267 1,582,763
Mortgage Banking        
Revenues 56,616 37,455 158,121 155,518
Interest income 5,067 3,437 11,908 8,283
Other income 1,169 1,294 3,260 3,669
General and administrative (24,050) (24,252) (69,538) (70,646)
Interest expense (268) (348) (692) (1,115)
Income before taxes $ 38,534 $ 17,586 $ 103,059 $ 95,709