The company has not filed an annual or quarterly report since its Q3 FY2017 10-Q, filed Nov 9, 2017. Its latest SEC filing is a S-3ASR from Feb 2, 2023.
10-Q for Q3 FY2017, filed Nov 9, 2017
The sections below describe the company as of the FY2016 annual report.
Builds homes in planned communities for homebuyers from entry level through luxury, and provides mortgage, title, escrow and insurance services to homebuyers.
10-K for FY2016, filed Feb 28, 2017CalAtlantic Group, Inc. builds well-crafted homes in thoughtfully designed communities that meet the desires of customers across the…View ↗
With a trusted reputation for quality craftsmanship, exceptional architectural design and an outstanding customer experience earned over…View ↗
We have a mortgage financing subsidiary that provided financing to 57% of our homebuyers who chose to finance their home purchases during…View ↗
Homebuyers pay for homes after construction is complete, a sufficient down payment has been received and title has passed. The mortgage subsidiary earns fees when it originates loans and gains and interest while it holds loans before selling them.
10-K for FY2016, filed Feb 28, 2017In accordance with ASC Topic 360-20, Property, Plant, and Equipment – Real Estate Sales ("ASC 360-20"), homebuilding revenues are recorded…View ↗
In accordance with ASC Topic 825, Financial Instruments ("ASC 825"), loan origination fees and expenses are recognized upon origination of…View ↗
As part of our ongoing operations, we provide mortgage loans to many of our homebuyers through our mortgage financing subsidiary…View ↗
$6.5B
10-K for FY2016, filed Feb 27, 2017
$6.5B ↗
Homebuyers purchase homes through local sales teams in the company's communities; brokers and real estate professionals also help connect buyers with the company. Homebuyers can use the company's mortgage, title, escrow and insurance services.
10-K for FY2016, filed Feb 28, 2017Our homes are marketed through a variety of channels, including through individual communities where new homes are sold by local sales…View ↗
Many buyers begin or supplement their buying process via online research, which allows us to engage and inform them through a robust…View ↗
We have a mortgage financing subsidiary that provided financing to 57% of our homebuyers who chose to finance their home purchases during…View ↗
Yes. It kept 7 cents of every revenue dollar as net income in FY2016.
10-K for FY2016, filed Feb 27, 2017
10-Q for Q3 FY2017, filed Nov 9, 2017
$93.4MView ↗
8-K, filed Feb 13, 2018
On February 12, 2018, CalAtlantic Group, Inc. (the “Company”) was acquired by Lennar Corporation (“Lennar”) through a transaction in which…View ↗
Grew. Revenue grew 5.1x in 4 years, from $1.3B in FY2012 to $6.5B in FY2016, about 51% a year.
Broader buyer range
The earlier report emphasized move-up homebuyers and described entry-level homes as a smaller part of the mix. The latest report presents homes for buyers across the spectrum, from entry level through luxury, and includes active adult homes.
10-K for FY2013, filed Feb 24, 2014
Expanded homebuilding footprint
The earlier report described building in markets across several states. The latest report describes operations in a broader range of metropolitan areas and states.
10-K for FY2013, filed Feb 24, 2014 10-K for FY2016, filed Feb 28, 2017
Added title, escrow and insurance The earlier report described mortgage operations alongside homebuilding. The latest report also describes title, escrow and insurance services for homebuyers.
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