EX-99.1 2 a07-2810_2ex99d1.htm EX-99.1

Exhibit 99.1

BEAZER HOMES USA, INC.
CONSOLIDATED OPERATING AND FINANCIAL DATA
(Dollars in thousands, except per share amounts)

FINANCIAL DATA

 

 

 

Quarter Ended

 

 

 

December 31,

 

 

 

2006

 

2005

 

INCOME STATEMENT

 

 

 

 

 

Total revenue

 

$

803,014

 

$

1,105,616

 

Home construction and land sales expenses

 

661,982

 

829,859

 

Inventory impairments and option project abandonments

 

119,923

 

2,927

 

Gross profit

 

21,109

 

272,830

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

115,368

 

133,078

 

Operating income/(loss)

 

(94,259

)

139,752

 

Equity in income/(loss) of unconsolidated joint ventures

 

(2,360

)

352

 

Other income

 

1,993

 

4,103

 

 

 

 

 

 

 

Income/(loss) before income taxes

 

(94,626

)

144,207

 

Income tax expense/(benefit)

 

(35,620

)

54,294

 

Net income/(loss)

 

$

(59,006

)

$

89,913

 

 

 

 

 

 

 

Net income/(loss) per common share:

 

 

 

 

 

Basic

 

$

(1.54

)

$

2.20

 

Diluted

 

$

(1.54

)

$

2.00

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, in thousands:

 

 

 

 

 

Basic

 

38,280

 

40,958

 

Diluted

 

38,280

 

45,607

 

 




 

BEAZER HOMES USA, INC.

CONSOLIDATED OPERATING AND FINANCIAL DATA

(Dollars in thousands)

 

 

Quarter Ended

 

 

 

December 31,

 

SUPPLEMENTAL FINANCIAL DATA:

 

2006

 

2005

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

Homebuilding operations

 

$

781,996

 

$

1,073,427

 

Land and lot sales

 

12,667

 

24,955

 

Financial services

 

11,743

 

10,978

 

Intercompany elimination

 

(3,392

)

(3,744

)

Total revenues

 

$

803,014

 

$

1,105,616

 

Gross profit

 

 

 

 

 

Homebuilding operations

 

$

5,302

 

$

262,150

 

Land and lot sales

 

4,064

 

(298

)

Financial services

 

11,743

 

10,978

 

Total Gross profit

 

$

21,109

 

$

272,830

 

Selling, general and administrative

 

 

 

 

 

Homebuilding operations

 

$

106,855

 

$

122,395

 

Financial services

 

8,513

 

10,683

 

Total selling, general and administrative

 

$

115,368

 

$

133,078

 

 

 

 

 

 

 

 

 

 

 

 

 

SELECTED SEGMENT INFORMATION

 

 

 

 

 

Revenue:

 

 

 

 

 

West region

 

$

297,907

 

$

368,592

 

Mid-Atlantic region

 

92,228

 

199,506

 

Florida region

 

91,245

 

145,581

 

Southeast region

 

155,129

 

176,933

 

Other homebuilding

 

158,154

 

207,770

 

Financial services

 

11,743

 

10,978

 

Intercompany elimination

 

(3,392

)

(3,744

)

Total revenue

 

$

803,014

 

$

1,105,616

 

 

 

 

 

 

 

Operating income/(loss)

 

 

 

 

 

West region

 

$

(26,504

)

$

63,739

 

Mid-Atlantic region

 

(3,251

)

49,501

 

Florida region

 

(28,493

)

30,631

 

Southeast region

 

8,434

 

16,103

 

Other homebuilding

 

(15,708

)

720

 

Financial services

 

3,230

 

295

 

Segment operating income/(loss)

 

62,292

 

160,989

 

Corporate and unallocated

 

(31,967

)

(21,237

)

Total operating income/(loss)

 

$

(94,259

)

$

139,752