2016 Q3 Form 10-Q Financial Statement

#000162828016019933 Filed on October 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $2.834B $2.492B
YoY Change 13.73% 23.72%
Cost Of Revenue $2.387B $2.143B
YoY Change 11.38% 27.2%
Gross Profit $551.7M $531.4M
YoY Change 3.82% 61.31%
Gross Profit Margin 19.47% 21.33%
Selling, General & Admin $61.20M $56.50M
YoY Change 8.32% 31.09%
% of Gross Profit 11.09% 10.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.00M $11.60M
YoY Change 12.07% 9.43%
% of Gross Profit 2.36% 2.18%
Operating Expenses $37.80M $51.10M
YoY Change -26.03% 5.36%
Operating Profit $400.7M $377.2M
YoY Change 6.25% 23.49%
Interest Expense $973.0K $2.812M
YoY Change -65.4% -115.2%
% of Operating Profit 0.24% 0.75%
Other Income/Expense, Net
YoY Change
Pretax Income $339.6M $320.7M
YoY Change 5.89% 22.23%
Income Tax $106.4M $95.62M
% Of Pretax Income 31.34% 29.82%
Net Earnings $235.8M $223.3M
YoY Change 5.61% 25.63%
Net Earnings / Revenue 8.32% 8.96%
Basic Earnings Per Share $1.02 $1.07
Diluted Earnings Per Share $0.99 $0.96
COMMON SHARES
Basic Shares Outstanding 223.5M shares 206.4M shares
Diluted Shares Outstanding 231.8M shares 230.5M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $816.0M $805.0M
YoY Change 1.37% 6.91%
Cash & Equivalents $816.1M $805.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $9.656B $8.946B
Prepaid Expenses
Receivables $454.0M $343.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.93B $10.09B
YoY Change 8.24% 17.92%
LONG-TERM ASSETS
Property, Plant & Equipment $148.0M $142.0M
YoY Change 4.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.538B $1.196B
YoY Change 28.6% 36.84%
Other Assets $826.0M $841.0M
YoY Change -1.78% 1855.81%
Total Long-Term Assets $4.073B $4.075B
YoY Change -0.07% 9.26%
TOTAL ASSETS
Total Short-Term Assets $10.93B $10.09B
Total Long-Term Assets $4.073B $4.075B
Total Assets $15.00B $14.17B
YoY Change 5.85% 15.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $566.0M $496.0M
YoY Change 14.11% 42.12%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $566.0M $496.0M
YoY Change 14.11% 1358.82%
LONG-TERM LIABILITIES
Long-Term Debt $6.410B $6.854B
YoY Change -6.48% 18.21%
Other Long-Term Liabilities $1.259B $1.145B
YoY Change 9.96% 6.91%
Total Long-Term Liabilities $7.669B $7.999B
YoY Change -4.13% 16.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $566.0M $496.0M
Total Long-Term Liabilities $7.669B $7.999B
Total Liabilities $8.236B $8.495B
YoY Change -3.05% 17.14%
SHAREHOLDERS EQUITY
Retained Earnings $4.002B $3.157B
YoY Change 26.78% 30.28%
Common Stock $2.290B
YoY Change 3.02%
Preferred Stock
YoY Change
Treasury Stock (at cost) $108.9M $107.7M
YoY Change 1.14% 26.46%
Treasury Stock Shares
Shareholders Equity $6.546B $5.360B
YoY Change
Total Liabilities & Shareholders Equity $15.00B $14.17B
YoY Change 5.85% 15.29%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $235.8M $223.3M
YoY Change 5.61% 25.63%
Depreciation, Depletion And Amortization $13.00M $11.60M
YoY Change 12.07% 9.43%
Cash From Operating Activities $172.3M -$93.90M
YoY Change -283.49% -46.89%
INVESTING ACTIVITIES
Capital Expenditures -$15.60M -$10.20M
YoY Change 52.94% 142.86%
Acquisitions
YoY Change
Other Investing Activities $48.60M $1.800M
YoY Change 2600.0% -96.94%
Cash From Investing Activities $32.90M -$8.400M
YoY Change -491.67% -115.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -204.6M -12.60M
YoY Change 1523.81% 186.36%
NET CHANGE
Cash From Operating Activities 172.3M -93.90M
Cash From Investing Activities 32.90M -8.400M
Cash From Financing Activities -204.6M -12.60M
Net Change In Cash 600.0K -114.9M
YoY Change -100.52% -9.24%
FREE CASH FLOW
Cash From Operating Activities $172.3M -$93.90M
Capital Expenditures -$15.60M -$10.20M
Free Cash Flow $187.9M -$83.70M
YoY Change -324.49% -51.51%

Facts In Submission

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us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
98178000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
105830000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
7039000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
113000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
19471000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9406000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
19871000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
23133000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26222000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
24765000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-222595000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
627575000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-342350000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-476520000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1158445000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1281814000 USD
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
816095000 USD
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
805294000 USD
len Noncash Consolidation Deconsolidation Inventory
NoncashConsolidationDeconsolidationInventory
111347000 USD
len Noncash Consolidation Deconsolidation Inventory
NoncashConsolidationDeconsolidationInventory
0 USD
len Noncash Consolidation Deconsolidation Property Plantand Equipmentand Other Assets
NoncashConsolidationDeconsolidationPropertyPlantandEquipmentandOtherAssets
0 USD
len Noncash Consolidation Deconsolidation Property Plantand Equipmentand Other Assets
NoncashConsolidationDeconsolidationPropertyPlantandEquipmentandOtherAssets
-17421000 USD
len Noncash Consolidation Deconsolidation Equity Method Investments
NoncashConsolidationDeconsolidationEquityMethodInvestments
-2445000 USD
len Noncash Consolidation Deconsolidation Equity Method Investments
NoncashConsolidationDeconsolidationEquityMethodInvestments
2948000 USD
len Noncash Consolidation Deconsolidation Liabilities Relatedto Consolidated Inventory Not Owned
NoncashConsolidationDeconsolidationLiabilitiesRelatedtoConsolidatedInventoryNotOwned
-96424000 USD
len Noncash Consolidation Deconsolidation Liabilities Relatedto Consolidated Inventory Not Owned
NoncashConsolidationDeconsolidationLiabilitiesRelatedtoConsolidatedInventoryNotOwned
0 USD
len Noncash Consolidation Deconsolidation Other Liabilities
NoncashConsolidationDeconsolidationOtherLiabilities
0 USD
len Noncash Consolidation Deconsolidation Other Liabilities
NoncashConsolidationDeconsolidationOtherLiabilities
1220000 USD
len Noncash Consolidation Deconsolidation Noncontrollinginterests
NoncashConsolidationDeconsolidationNoncontrollinginterests
-12478000 USD
len Noncash Consolidation Deconsolidation Noncontrollinginterests
NoncashConsolidationDeconsolidationNoncontrollinginterests
13253000 USD
us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Reclassifications/RevisionsAs a result of the Company's change in reportable segments in the first quarter of 2016, the Company restated certain prior year amounts in the condensed consolidated financial statements to conform with the 2016 presentation (See Note 2). These reclassifications had no impact on the Company's condensed consolidated financial statements.
CY2016Q3 us-gaap Assets
Assets
14998720000 USD
CY2015Q4 us-gaap Assets
Assets
14419509000 USD
CY2016Q3 us-gaap Revenues
Revenues
2833894000 USD
CY2015Q3 us-gaap Revenues
Revenues
2491698000 USD
us-gaap Revenues
Revenues
7573373000 USD
us-gaap Revenues
Revenues
6528441000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
400722000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
377152000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1033724000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
927466000 USD
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
61164000 USD
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
56494000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
164634000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
150355000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
339558000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
320658000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
869090000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
777111000 USD
CY2016Q3 len Sales Incentives
SalesIncentives
152300000 USD
CY2016Q3 len Sales Incentives Per Home Delivered
SalesIncentivesPerHomeDelivered
22500
len Sales Incentives
SalesIncentives
402200000 USD
len Sales Incentives Per Home Delivered
SalesIncentivesPerHomeDelivered
22000
CY2015Q3 len Sales Incentives
SalesIncentives
130600000 USD
CY2015Q3 len Sales Incentives Per Home Delivered
SalesIncentivesPerHomeDelivered
20700
len Sales Incentives
SalesIncentives
353100000 USD
len Sales Incentives Per Home Delivered
SalesIncentivesPerHomeDelivered
21300
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5950072000 USD
us-gaap Profit Loss
ProfitLoss
602621000 USD
len Stock Issued During Period Value Sharebased Compensation Netof Forfeituresand Treasury Stock Retired
StockIssuedDuringPeriodValueSharebasedCompensationNetofForfeituresandTreasuryStockRetired
501000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
242406000 USD
us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
45803000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
34628000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
26222000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
266000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
98178000 USD
len Noncontrolling Interest Decreasefrom Noncash Distributionsto Noncontrolling Interest Holders
NoncontrollingInterestDecreasefromNoncashDistributionstoNoncontrollingInterestHolders
5033000 USD
len Noncontrolling Interests Non Cash Consolidations
NoncontrollingInterestsNonCashConsolidations
12478000 USD
len Noncontrolling Interest Increase Decreasefrom Noncash Activity
NoncontrollingInterestIncreaseDecreasefromNoncashActivity
2480000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1084000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6762906000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5251302000 USD
us-gaap Profit Loss
ProfitLoss
526538000 USD
len Stock Issued During Period Value Sharebased Compensation Netof Forfeituresand Treasury Stock Retired
StockIssuedDuringPeriodValueSharebasedCompensationNetofForfeituresandTreasuryStockRetired
-12727000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
0 USD
us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
17419000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
32095000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
24765000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
1475000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
105830000 USD
us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
13253000 USD
len Noncontrolling Interest Increase Decreasefrom Noncash Activity
NoncontrollingInterestIncreaseDecreasefromNoncashActivity
2760000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-317000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5674697000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
106427000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
95621000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
266469000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
250573000 USD
CY2016Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3109
CY2015Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2998
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3081
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3246
CY2016Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
320100000 USD
CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
340700000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12300000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
45200000 USD
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
2400000 USD
len Unrecognized Tax Benefits Decreasesin Income Tax Penaltiesand Interest Accrued
UnrecognizedTaxBenefitsDecreasesinIncomeTaxPenaltiesandInterestAccrued
22300000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
65100000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
235842000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
223312000 USD
us-gaap Net Income Loss
NetIncomeLoss
598391000 USD
us-gaap Net Income Loss
NetIncomeLoss
521291000 USD
CY2016Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
81000 USD
CY2015Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
91000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
256000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
271000 USD
CY2016Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2232000 USD
CY2015Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2313000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
5798000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
5431000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
233529000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
220908000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
592337000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
515589000 USD
CY2016Q3 len Dilutive Securities Effecton Basic Earnings Per Share Attributableto Noncontrolling Interest
DilutiveSecuritiesEffectonBasicEarningsPerShareAttributabletoNoncontrollingInterest
258000 USD
CY2015Q3 len Dilutive Securities Effecton Basic Earnings Per Share Attributableto Noncontrolling Interest
DilutiveSecuritiesEffectonBasicEarningsPerShareAttributabletoNoncontrollingInterest
1044000 USD
len Dilutive Securities Effecton Basic Earnings Per Share Attributableto Noncontrolling Interest
DilutiveSecuritiesEffectonBasicEarningsPerShareAttributabletoNoncontrollingInterest
864000 USD
len Dilutive Securities Effecton Basic Earnings Per Share Attributableto Noncontrolling Interest
DilutiveSecuritiesEffectonBasicEarningsPerShareAttributabletoNoncontrollingInterest
2842000 USD
CY2016Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
964000 USD
CY2015Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
1982000 USD
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
4836000 USD
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
5946000 USD
CY2016Q3 len Undistributed Earnings Loss Allocatedto Participating Securities Diluted Originally Allocated
UndistributedEarningsLossAllocatedtoParticipatingSecuritiesDilutedOriginallyAllocated
2232000 USD
CY2015Q3 len Undistributed Earnings Loss Allocatedto Participating Securities Diluted Originally Allocated
UndistributedEarningsLossAllocatedtoParticipatingSecuritiesDilutedOriginallyAllocated
2313000 USD
len Undistributed Earnings Loss Allocatedto Participating Securities Diluted Originally Allocated
UndistributedEarningsLossAllocatedtoParticipatingSecuritiesDilutedOriginallyAllocated
5797000 USD
len Undistributed Earnings Loss Allocatedto Participating Securities Diluted Originally Allocated
UndistributedEarningsLossAllocatedtoParticipatingSecuritiesDilutedOriginallyAllocated
5430000 USD
CY2016Q3 len Undistributed Earnings Loss Allocatedto Participating Securities Diluted Reallocated
UndistributedEarningsLossAllocatedtoParticipatingSecuritiesDilutedReallocated
2162000 USD
CY2015Q3 len Undistributed Earnings Loss Allocatedto Participating Securities Diluted Reallocated
UndistributedEarningsLossAllocatedtoParticipatingSecuritiesDilutedReallocated
2093000 USD
len Undistributed Earnings Loss Allocatedto Participating Securities Diluted Reallocated
UndistributedEarningsLossAllocatedtoParticipatingSecuritiesDilutedReallocated
5484000 USD
len Undistributed Earnings Loss Allocatedto Participating Securities Diluted Reallocated
UndistributedEarningsLossAllocatedtoParticipatingSecuritiesDilutedReallocated
4870000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
234305000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
222066000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
596622000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
519253000 USD
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
223549000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
206439000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215814000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
204120000 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000 shares
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
9000 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
8266000 shares
CY2015Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
24102000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
14399000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
26506000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231818000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
230548000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
230217000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
230635000 shares
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.04
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.74
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.53
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.01
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.96
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.25
CY2016Q3 us-gaap Escrow Deposit
EscrowDeposit
275500000 USD
CY2015Q4 us-gaap Escrow Deposit
EscrowDeposit
414900000 USD
CY2016Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
127159000 USD
CY2015Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
119610000 USD
CY2015Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
130853000 USD
CY2014Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
115927000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
25382000 USD
CY2015Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
21873000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
67952000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
55665000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
4982000 USD
CY2015Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-111000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
4247000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
5273000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
23984000 USD
CY2015Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
21676000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
69513000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
57169000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
133539000 USD
CY2015Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
119696000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
133539000 USD
CY2015Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
119696000 USD
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
1200000 shares
CY2016Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12362000 USD
CY2015Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11549000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
34628000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32199000 USD
CY2016Q3 len Numberof Active Communities
NumberofActiveCommunities
691 community
CY2015Q3 len Numberof Active Communities
NumberofActiveCommunities
670
CY2016Q3 len Numberof Communities Assessedfor Impairment
NumberofCommunitiesAssessedforImpairment
16 community
CY2016Q3 len Numberof Homesites Assessedfor Impairment
NumberofHomesitesAssessedforImpairment
444
CY2016Q3 len Inventory Operative Builders With Potential Indicators Of Impairment
InventoryOperativeBuildersWithPotentialIndicatorsOfImpairment
134700000 USD
CY2015Q3 len Numberof Communities Assessedfor Impairment
NumberofCommunitiesAssessedforImpairment
15 community
CY2015Q3 len Numberof Homesites Assessedfor Impairment
NumberofHomesitesAssessedforImpairment
453
CY2015Q3 len Inventory Operative Builders With Potential Indicators Of Impairment
InventoryOperativeBuildersWithPotentialIndicatorsOfImpairment
74000000.0 USD
us-gaap Inventory Write Down
InventoryWriteDown
15400000 USD
len Numberof Homesites Impaired
NumberofHomesitesImpaired
138
len Variable Interest Entity Consolidated Assets Consolidated During Period
VariableInterestEntityConsolidatedAssetsConsolidatedDuringPeriod
122100000 USD
len Variable Interest Entity Consolidated Liabilities Consolidated During Period
VariableInterestEntityConsolidatedLiabilitiesConsolidatedDuringPeriod
96400000 USD
CY2016Q3 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
596600000 USD
CY2016Q3 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
136800000 USD
CY2015Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
652300000 USD
CY2015Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
84400000 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
20000000 USD
CY2016Q3 us-gaap Assets
Assets
14998720000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
8235814000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
6545535000 USD
CY2016Q3 us-gaap Minority Interest
MinorityInterest
217371000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6762906000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14998720000 USD
CY2015Q4 us-gaap Assets
Assets
14419509000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
8469437000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
5648944000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
301128000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5950072000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14419509000 USD
CY2016Q3 us-gaap Revenues
Revenues
2833894000 USD
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
61164000 USD
CY2016Q3 us-gaap Costs And Expenses
CostsAndExpenses
2509700000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
973000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
339558000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
106427000 USD
CY2016Q3 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
233131000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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