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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues $ 2,612,457 $ 2,338,330 $ 4,945,920 $ 4,516,607
Income before taxes 533,568 471,176 1,004,260 904,986
Income tax expense (132,664) (67,149) (209,087) (156,607)
Net income $ 400,904 $ 404,027 $ 795,173 $ 748,379
Basic earnings per share (USD per share) $ 128.21 $ 123.84 $ 251.94 $ 230.20
Diluted earnings per share (USD per share) $ 120.69 $ 116.54 $ 237.05 $ 216.52
Basic weighted average shares outstanding (in shares) 3,126,831 3,262,529 3,156,247 3,250,960
Diluted weighted average shares outstanding (in shares) 3,321,654 3,466,936 3,354,519 3,456,406
Home Building Segment        
Revenues $ 2,547,891 $ 2,283,769 $ 4,834,068 $ 4,415,102
Other income 36,184 34,259 77,050 67,205
Cost of Goods and Services Sold 1,947,616 1,728,146 3,673,829 3,336,056
Selling, general and administrative (141,213) (148,543) (293,716) (292,161)
Operating Income 495,246 441,339 943,573 854,090
Interest expense (6,710) (6,628) (13,359) (13,629)
Income before taxes 488,536 434,711 930,214 840,461
Mortgage Banking        
Revenues 64,566 54,561 111,852 101,505
Interest income 4,672 3,823 8,764 6,841
Other income 1,333 1,102 2,504 2,091
General and administrative (25,351) (22,854) (48,709) (45,488)
Interest expense (188) (167) (365) (424)
Income before taxes $ 45,032 $ 36,465 $ 74,046 $ 64,525