$KBH
KB HOME

2022 Q2 Form 10-Q Financial Statement

#000079526622000078 Filed on July 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $1.720B $1.399B $1.675B
YoY Change 19.37% 22.51% 40.27%
Cost Of Revenue $1.282B $1.082B $1.292B
YoY Change 13.63% 19.98% 35.76%
Gross Profit $438.3M $316.7M $383.5M
YoY Change 40.09% 32.06% 58.7%
Gross Profit Margin 25.48% 22.64% 22.89%
Selling, General & Admin $170.0M $143.8M $164.3M
YoY Change 16.13% 16.74% 32.61%
% of Gross Profit 38.78% 45.42% 42.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.907M $7.627M $7.344M
YoY Change 6.91% 7.42% 8.0%
% of Gross Profit 1.8% 2.41% 1.92%
Operating Expenses $170.0M $143.8M $164.3M
YoY Change 16.13% 16.74% 32.71%
Operating Profit $268.3M $172.9M $219.2M
YoY Change 61.16% 48.24% 86.0%
Interest Expense $14.54M $5.207M $4.777M
YoY Change 103.07% -24.54% -33.65%
% of Operating Profit 5.42% 3.01% 2.18%
Other Income/Expense, Net
YoY Change
Pretax Income $282.9M $178.1M $223.9M
YoY Change 62.88% 44.12% 77.6%
Income Tax $72.20M $43.80M $49.70M
% Of Pretax Income 25.52% 24.6% 22.19%
Net Earnings $210.7M $134.3M $174.2M
YoY Change 46.95% 38.34% 64.23%
Net Earnings / Revenue 12.25% 9.6% 10.4%
Basic Earnings Per Share $2.39 $1.51
Diluted Earnings Per Share $2.32 $1.47 $1.919M
COMMON SHARES
Basic Shares Outstanding 87.86M shares 88.29M shares 88.22M shares
Diluted Shares Outstanding 90.32M shares 91.07M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $246.6M $242.7M $292.1M
YoY Change -59.51% -57.49% -57.2%
Cash & Equivalents $246.6M $242.7M $292.1M
Short-Term Investments
Other Short-Term Assets $16.90M $6.600M $6.344M
YoY Change 45.19% -37.14% -54.36%
Inventory $5.558B $5.198B $4.803B
Prepaid Expenses
Receivables $170.5M $155.0M $146.1M
Other Receivables $144.5M $158.2M $158.1M
Total Short-Term Assets $6.136B $5.760B $5.406B
YoY Change 18.82% 16.26% 11.07%
LONG-TERM ASSETS
Property, Plant & Equipment $107.9M $105.6M $76.31M
YoY Change 55.62% 56.25% 16.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $72.08M $50.79M $52.41M
YoY Change 24.6% -11.98% -9.33%
Other Assets $165.9M $173.0M $177.4M
YoY Change -16.83% -19.58% -23.25%
Total Long-Term Assets $443.3M $428.0M $430.4M
YoY Change -2.48% -9.33% -12.13%
TOTAL ASSETS
Total Short-Term Assets $6.136B $5.760B $5.406B
Total Long-Term Assets $443.3M $428.0M $430.4M
Total Assets $6.579B $6.188B $5.836B
YoY Change 17.09% 14.03% 8.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $480.4M $382.0M $371.8M
YoY Change 51.56% 36.19% 36.0%
Accrued Expenses $589.4M $606.5M $635.4M
YoY Change 2.21% 7.57% 5.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.162B $1.072B $1.078B
YoY Change 22.74% 21.44% 70.34%
LONG-TERM LIABILITIES
Long-Term Debt $2.085B $1.935B $1.685B
YoY Change 19.33% 10.76% -3.56%
Other Long-Term Liabilities $38.22M $44.55M $50.50M
YoY Change 5.7% -5.41% 36.12%
Total Long-Term Liabilities $2.123B $1.980B $1.736B
YoY Change 19.06% 10.33% -2.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.162B $1.072B $1.078B
Total Long-Term Liabilities $2.123B $1.980B $1.736B
Total Liabilities $3.288B $3.054B $2.816B
YoY Change 20.37% 14.02% 4.67%
SHAREHOLDERS EQUITY
Retained Earnings $2.697B $2.499B $2.379B
YoY Change 29.59% 28.07% 27.31%
Common Stock $935.6M $928.9M $949.3M
YoY Change -0.1% 0.16% 2.72%
Preferred Stock
YoY Change
Treasury Stock (at cost) $249.9M $202.3M $217.4M
YoY Change 595.49% 462.27% 683.05%
Treasury Stock Shares 5.785M shares
Shareholders Equity $3.291B $3.134B $3.019B
YoY Change
Total Liabilities & Shareholders Equity $6.579B $6.188B $5.836B
YoY Change 17.09% 14.03% 8.95%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $210.7M $134.3M $174.2M
YoY Change 46.95% 38.34% 64.23%
Depreciation, Depletion And Amortization $7.907M $7.627M $7.344M
YoY Change 6.91% 7.42% 8.0%
Cash From Operating Activities -$63.78M -$251.0M $142.9M
YoY Change -204.15% 216.7% -872.59%
INVESTING ACTIVITIES
Capital Expenditures -$11.56M $10.56M -$11.18M
YoY Change 25.83% 16.1% 47.11%
Acquisitions
YoY Change
Other Investing Activities -$7.808M -$7.313M -$352.0K
YoY Change 560.58% 181.27% -29.6%
Cash From Investing Activities -$19.37M -$17.88M -$11.53M
YoY Change 86.8% 52.49% 40.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 86.99M $219.5M -190.6M
YoY Change -782.42% -1166.52% 1281.2%
NET CHANGE
Cash From Operating Activities -63.78M -$251.0M 142.9M
Cash From Investing Activities -19.37M -$17.88M -11.53M
Cash From Financing Activities 86.99M $219.5M -190.6M
Net Change In Cash 3.844M -$49.40M -59.21M
YoY Change -89.92% -55.72% 46.2%
FREE CASH FLOW
Cash From Operating Activities -$63.78M -$251.0M $142.9M
Capital Expenditures -$11.56M $10.56M -$11.18M
Free Cash Flow -$52.22M -$261.6M $154.1M
YoY Change -174.15% 196.05% -1513.84%

Facts In Submission

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957000 USD
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
587000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
1539000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
968000 USD
CY2022Q2 kbh Undistributed Earnings Reallocatedto Participating Securities
UndistributedEarningsReallocatedtoParticipatingSecurities
931000 USD
CY2021Q2 kbh Undistributed Earnings Reallocatedto Participating Securities
UndistributedEarningsReallocatedtoParticipatingSecurities
567000 USD
kbh Undistributed Earnings Reallocatedto Participating Securities
UndistributedEarningsReallocatedtoParticipatingSecurities
1495000 USD
kbh Undistributed Earnings Reallocatedto Participating Securities
UndistributedEarningsReallocatedtoParticipatingSecurities
935000 USD
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
209675000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
142734000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
343303000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
239354000 USD
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87858000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92087000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88069000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91904000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2458000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3292000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2621000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3239000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90316000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95379000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90690000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95143000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.39
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.90
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.60
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.32
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.52
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q2 kbh Utilityand Municipality Receivable
UtilityandMunicipalityReceivable
175676000 USD
CY2021Q4 kbh Utilityand Municipality Receivable
UtilityandMunicipalityReceivable
151284000 USD
CY2022Q2 us-gaap Loss Contingency Receivable Noncurrent
LossContingencyReceivableNoncurrent
72815000 USD
CY2021Q4 us-gaap Loss Contingency Receivable Noncurrent
LossContingencyReceivableNoncurrent
95063000 USD
CY2022Q2 us-gaap Deposits Assets
DepositsAssets
15940000 USD
CY2021Q4 us-gaap Deposits Assets
DepositsAssets
13681000 USD
CY2022Q2 us-gaap Other Receivables
OtherReceivables
55757000 USD
CY2021Q4 us-gaap Other Receivables
OtherReceivables
49359000 USD
CY2022Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
320188000 USD
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
309387000 USD
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5171000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5196000 USD
CY2022Q2 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
2650644000 USD
CY2021Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
2103038000 USD
CY2022Q2 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
2907005000 USD
CY2021Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
2699791000 USD
CY2022Q2 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
5557649000 USD
CY2021Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
4802829000 USD
CY2022Q2 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
54800000 USD
CY2021Q4 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
45200000 USD
CY2022Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
159649000 USD
CY2021Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
188555000 USD
CY2021Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
161119000 USD
CY2020Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
190113000 USD
CY2022Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
29021000 USD
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
31110000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
57324000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
62202000 USD
CY2022Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
34005000 USD
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
39600000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
63778000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
72250000 USD
CY2022Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
154665000 USD
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
180065000 USD
CY2022Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
154665000 USD
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
180065000 USD
CY2021Q4 kbh Number Of Active Land Parcels Or Communities Evaluated For Recoverability
NumberOfActiveLandParcelsOrCommunitiesEvaluatedForRecoverability
0 property
CY2022Q2 kbh Number Of Active Land Parcels Or Communities Evaluated For Recoverability
NumberOfActiveLandParcelsOrCommunitiesEvaluatedForRecoverability
0 property
CY2021Q4 kbh Number Of Active Land Parcels Or Communities Evaluated For Recoverability
NumberOfActiveLandParcelsOrCommunitiesEvaluatedForRecoverability
0 property
CY2022Q2 kbh Number Of Active Land Parcels Or Communities Evaluated For Recoverability
NumberOfActiveLandParcelsOrCommunitiesEvaluatedForRecoverability
0 property
CY2022Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2021Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
3600000 USD
CY2022Q2 kbh Aggregate Carrying Value Of Inventory Impacted By Pretax Noncash Inventory Impairment Charges
AggregateCarryingValueOfInventoryImpactedByPretaxNoncashInventoryImpairmentCharges
81700000 USD
CY2022Q2 kbh Number Of Communities And Various Other Land Parcels Impacted By Pretax Noncash Inventory Impairment Charges
NumberOfCommunitiesAndVariousOtherLandParcelsImpactedByPretaxNoncashInventoryImpairmentCharges
7 lot
CY2021Q4 kbh Aggregate Carrying Value Of Inventory Impacted By Pretax Noncash Inventory Impairment Charges
AggregateCarryingValueOfInventoryImpactedByPretaxNoncashInventoryImpairmentCharges
87700000 USD
CY2021Q4 kbh Number Of Communities And Various Other Land Parcels Impacted By Pretax Noncash Inventory Impairment Charges
NumberOfCommunitiesAndVariousOtherLandParcelsImpactedByPretaxNoncashInventoryImpairmentCharges
11 property
CY2021Q4 kbh Increase In Inventories And Accrued Expenses And Other Liabilities Due To Land Option And Other Similar Contracts
IncreaseInInventoriesAndAccruedExpensesAndOtherLiabilitiesDueToLandOptionAndOtherSimilarContracts
26500000 USD
CY2022Q2 kbh Cash Deposits On Land Option And Other Similar Contracts
CashDepositsOnLandOptionAndOtherSimilarContracts
73841000 USD
CY2022Q2 kbh Aggregate Purchase Price Associated With Land Option And Other Similar Contracts
AggregatePurchasePriceAssociatedWithLandOptionAndOtherSimilarContracts
1863846000 USD
CY2021Q4 kbh Cash Deposits On Land Option And Other Similar Contracts
CashDepositsOnLandOptionAndOtherSimilarContracts
74509000 USD
CY2021Q4 kbh Aggregate Purchase Price Associated With Land Option And Other Similar Contracts
AggregatePurchasePriceAssociatedWithLandOptionAndOtherSimilarContracts
1859851000 USD
CY2022Q2 kbh Acquisition Costs Related To Land Option Contracts And Other Similar Contracts
AcquisitionCostsRelatedToLandOptionContractsAndOtherSimilarContracts
44000000 USD
CY2021Q4 kbh Acquisition Costs Related To Land Option Contracts And Other Similar Contracts
AcquisitionCostsRelatedToLandOptionContractsAndOtherSimilarContracts
38100000 USD
CY2022Q2 kbh Increase In Inventories And Accrued Expenses And Other Liabilities Due To Land Option And Other Similar Contracts
IncreaseInInventoriesAndAccruedExpensesAndOtherLiabilitiesDueToLandOptionAndOtherSimilarContracts
13000000 USD
CY2022Q2 kbh Number Of Investments In Unconsolidated Joint Ventures
NumberOfInvestmentsInUnconsolidatedJointVentures
6 joint_venture
CY2021Q4 kbh Number Of Investments In Unconsolidated Joint Ventures
NumberOfInvestmentsInUnconsolidatedJointVentures
6 joint_venture
CY2022Q2 kbh Number Of Unconsolidated Joint Ventures With Loan Commitments
NumberOfUnconsolidatedJointVenturesWithLoanCommitments
1 joint_venture
CY2021Q4 kbh Number Of Other Unconsolidated Joint Ventures With Outstanding Debt
NumberOfOtherUnconsolidatedJointVenturesWithOutstandingDebt
0 home
CY2022Q2 kbh Number Of Other Unconsolidated Joint Ventures With Outstanding Debt
NumberOfOtherUnconsolidatedJointVenturesWithOutstandingDebt
0 home
CY2022Q2 kbh Number Of Unconsolidated Joint Ventures With Loan Commitments
NumberOfUnconsolidatedJointVenturesWithLoanCommitments
1 joint_venture
us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Interest Rate Lock Commitments (“IRLCs”)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. KBHS enters into IRLCs in connection with originating certain mortgage loans held for sale, at specified interest rates and within a specified period of time, with customers who have applied for a mortgage loan and meet certain credit and underwriting criteria. KBHS accounts for IRLCs as free-standing derivatives and does not designate any for hedge accounting. As a result, IRLCs are recognized in KBHS’ balance sheets at fair value, and gains or losses resulting from changes in fair value are recognized within revenues in KBHS’ statements of operations. The fair value of IRLCs is based on market prices, which includes an estimate of the fair value of the associated mortgage servicing rights, adjusted for estimated costs to originate the underlying mortgage loans as well as the probability that the mortgage loans will fund within the terms of the IRLCs. The fair value of IRLCs included in other assets in KBHS’ balance sheets was $42.9 million at May 31, 2022 and $9.5 million at November 30, 2021. The change in fair value of IRLCs, which was reported in revenues, totaled $25.8 million and $33.4 million for the three months and six months ended May 31, 2022, respectively, and $1.9 million and $2.6 million for the three months and six months ended May 31, 2021, respectively. </span>KBHS manages the interest rate and price risk associated with its outstanding IRLCs by entering into best efforts forward sale commitments under which mortgage loans locked with a borrower are simultaneously committed to a secondary market investor at a fixed price, subject to the underlying mortgage loans being funded. These best efforts forward sale commitments do not meet the definition of derivative financial instruments and are therefore not recorded in KBHS’ balance sheets. If the mortgage loans underlying the IRLCs do not fund, KBHS has no obligation to fulfill the secondary market investor commitments.
us-gaap Short Term Lease Cost
ShortTermLeaseCost
2500000 USD
CY2022Q2 kbh Self Insuranceand Other Legal Liabilities
SelfInsuranceandOtherLegalLiabilities
228419000 USD
CY2021Q4 kbh Self Insuranceand Other Legal Liabilities
SelfInsuranceandOtherLegalLiabilities
239129000 USD
CY2022Q2 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
160753000 USD
CY2021Q4 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
192549000 USD
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
99207000 USD
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
96153000 USD
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
91903000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
71032000 USD
CY2022Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
24791000 USD
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
24554000 USD
CY2022Q2 kbh Inventoryrelatedliabilities
Inventoryrelatedliabilities
21142000 USD
CY2021Q4 kbh Inventoryrelatedliabilities
Inventoryrelatedliabilities
36146000 USD
CY2022Q2 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
15224000 USD
CY2021Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
8290000 USD
CY2022Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
12929000 USD
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
17563000 USD
CY2022Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
38215000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
42210000 USD
CY2022Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
719491000 USD
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
756905000 USD
CY2022Q2 us-gaap Lease Cost
LeaseCost
4900000 USD
CY2021Q2 us-gaap Lease Cost
LeaseCost
4300000 USD
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1800000 USD
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1200000 USD
us-gaap Lease Cost
LeaseCost
9200000 USD
us-gaap Lease Cost
LeaseCost
8600000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
3000000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.252
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
25140000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
27693000 USD
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
27060000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
29481000 USD
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
72200000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
116000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
56800000 USD
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.255
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.174
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.191
CY2022Q2 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
2200000 USD
CY2021Q2 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
14800000 USD
CY2021Q2 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1900000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2200000 USD
us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
3900000 USD
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
17500000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3900000 USD
us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
3300000 USD
CY2021Q2 kbh Cares Act Employee Retention Credit
CARESActEmployeeRetentionCredit
4300000 USD
CY2022Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
183300000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
194800000 USD
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
17400000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
17400000 USD
kbh Valuation Allowance Deferred Tax Asset Increase Decrease Amount Other
ValuationAllowanceDeferredTaxAssetIncreaseDecreaseAmountOther
0 USD
CY2022Q2 us-gaap Notes And Loans Payable
NotesAndLoansPayable
2085275000 USD
CY2021Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
1685027000 USD
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
9700000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
10300000 USD
CY2022Q2 us-gaap Pledged Assets Not Separately Reported Real Estate
PledgedAssetsNotSeparatelyReportedRealEstate
22200000 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
353200000 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
351700000 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
990000000 USD
kbh Maximum Warranty On Electrical Heating Cooling Plumbing And Other Building Systems
MaximumWarrantyOnElectricalHeatingCoolingPlumbingAndOtherBuildingSystems
P5Y
kbh Warranty For Other Components Of Home
WarrantyForOtherComponentsOfHome
P1Y
CY2022Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
97466000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
92687000 USD
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
96153000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
91646000 USD
CY2022Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
9678000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
9378000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
17568000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
16835000 USD
CY2022Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
7937000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
6212000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
14514000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
12628000 USD
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
99207000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
95853000 USD
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
99207000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
95853000 USD
CY2022Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
190594000 USD
CY2021Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
193445000 USD
CY2021Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
189131000 USD
CY2020Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
194180000 USD
CY2022Q2 kbh Expenses Associated With Self Insurance
ExpensesAssociatedWithSelfInsurance
5773000 USD
CY2021Q2 kbh Expenses Associated With Self Insurance
ExpensesAssociatedWithSelfInsurance
5928000 USD
kbh Expenses Associated With Self Insurance
ExpensesAssociatedWithSelfInsurance
10512000 USD
kbh Expenses Associated With Self Insurance
ExpensesAssociatedWithSelfInsurance
10511000 USD
CY2022Q2 kbh Paymentsfor Self Insurance
PaymentsforSelfInsurance
11664000 USD
CY2021Q2 kbh Paymentsfor Self Insurance
PaymentsforSelfInsurance
10097000 USD
kbh Paymentsfor Self Insurance
PaymentsforSelfInsurance
14130000 USD
kbh Paymentsfor Self Insurance
PaymentsforSelfInsurance
15597000 USD
CY2022Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
168675000 USD
CY2022Q2 us-gaap Applicability And Impact Of Environmental Laws
ApplicabilityAndImpactOfEnvironmentalLaws
Pursuant to SEC rules, we will disclose any proceeding in which a governmental authority is a party and that arises under any federal, state or local provisions enacted or adopted regulating the discharge of materials into the environment or primarily for the purpose of protecting the environment only where we believe that such proceeding will result in monetary sanctions on us, exclusive of interest and costs, above $1.0 million or is otherwise material to our consolidated financial statements
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
3134316000 USD
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
210670000 USD
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
13012000 USD
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
0 USD
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9021000 USD
CY2022Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
50000000 USD
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
3290995000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
2748184000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
143364000 USD
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
13733000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
968000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
0 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8082000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
2886865000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
3019475000 USD
us-gaap Net Income Loss
NetIncomeLoss
344927000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
27142000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
0 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
15888000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
50000000 USD
kbh Us Share Based Compensation Arrangement By Share Based Payment Award Value Tax Withholding
UsShareBasedCompensationArrangementByShareBasedPaymentAwardValueTaxWithholding
12153000 USD
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
3290995000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
2665769000 USD
us-gaap Net Income Loss
NetIncomeLoss
240415000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
27797000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3506000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
0 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
13654000 USD
kbh Us Share Based Compensation Arrangement By Share Based Payment Award Value Tax Withholding
UsShareBasedCompensationArrangementByShareBasedPaymentAwardValueTaxWithholding
8456000 USD
CY2021Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
194269000 USD
CY2022Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
168675000 USD
CY2021Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
194269000 USD
CY2022Q2 kbh Performance Bonds
PerformanceBonds
1240000000 USD
CY2022Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
45000000 USD
CY2021Q4 kbh Performance Bonds
PerformanceBonds
1110000000 USD
CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
43200000 USD
kbh Lettersof Credit Outstanding Term
LettersofCreditOutstandingTerm
P1Y
CY2022Q2 kbh Cash Deposits On Land Option And Other Similar Contracts
CashDepositsOnLandOptionAndOtherSimilarContracts
73800000 USD
CY2022Q2 kbh Aggregate Purchase Price Associated With Land Option And Other Similar Contracts
AggregatePurchasePriceAssociatedWithLandOptionAndOtherSimilarContracts
1860000000 USD
CY2022Q2 us-gaap Cost Method Investments Original Cost
CostMethodInvestmentsOriginalCost
1800000 USD
CY2022Q2 kbh Cost Method Investments Number Of Executives With Ownership Interests
CostMethodInvestmentsNumberOfExecutivesWithOwnershipInterests
16 executives
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.56
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
2886865000 USD
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
50000000 USD
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.15
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.15
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1674393 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1674393 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1674393 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1674393 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.56
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
15.56
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
15.56
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y4M24D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y4M24D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
31700000 USD
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
31700000 USD
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
246581000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
609047000 USD
us-gaap Interest Paid Net
InterestPaidNet
-237000 USD
us-gaap Interest Paid Net
InterestPaidNet
-164000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
97654000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
26295000 USD
kbh Increase Decrease In Consolidated Inventories Not Owned
IncreaseDecreaseInConsolidatedInventoriesNotOwned
-13465000 USD
kbh Increase Decrease In Consolidated Inventories Not Owned
IncreaseDecreaseInConsolidatedInventoriesNotOwned
-5223000 USD

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