2016 Form 10-K Financial Statement

#000162828017000327 Filed on January 20, 2017

View on sec.gov

Income Statement

Concept 2016 2015 Q4 2015 Q3
Revenue $10.95B $2.946B $2.492B
YoY Change 15.58% 14.0% 23.72%
Cost Of Revenue $9.215B $2.437B $2.143B
YoY Change 15.71% 15.53% 27.2%
Gross Profit $1.735B $651.1M $531.4M
YoY Change 14.9% 37.15% 61.31%
Gross Profit Margin 15.84% 22.1% 21.33%
Selling, General & Admin $233.0M $65.90M $56.50M
YoY Change 7.87% 14.21% 31.09%
% of Gross Profit 13.43% 10.12% 10.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.20M $13.20M $11.60M
YoY Change 14.96% 16.81% 9.43%
% of Gross Profit 2.89% 2.03% 2.18%
Operating Expenses $215.0M $45.40M $51.10M
YoY Change 16.22% -6.97% 5.36%
Operating Profit $1.563B $605.7M $377.2M
YoY Change 9.62% 42.21% 23.49%
Interest Expense $4.626M -$30.90M $2.812M
YoY Change -62.86% -35.49% -115.2%
% of Operating Profit 0.3% -5.1% 0.75%
Other Income/Expense, Net
YoY Change
Pretax Income $1.330B $432.5M $320.7M
YoY Change 9.99% 14.44% 22.23%
Income Tax $417.4M $139.8M $95.62M
% Of Pretax Income 31.37% 32.32% 29.82%
Net Earnings $911.8M $281.6M $223.3M
YoY Change 13.57% 14.79% 25.63%
Net Earnings / Revenue 8.33% 9.56% 8.96%
Basic Earnings Per Share $4.05 $1.34 $1.07
Diluted Earnings Per Share $3.86 $1.21 $0.96
COMMON SHARES
Basic Shares Outstanding 223.1M shares 206.4M shares
Diluted Shares Outstanding 235.4M shares 230.5M shares

Balance Sheet

Concept 2016 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.330B $1.150B $805.0M
YoY Change 15.65% -10.16% 6.91%
Cash & Equivalents $1.330B $1.158B $805.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $9.179B $8.741B $8.946B
Prepaid Expenses
Receivables $517.0M $307.0M $343.0M
Other Receivables $0.00 $10.00M $0.00
Total Short-Term Assets $11.03B $10.21B $10.09B
YoY Change 8.01% 10.23% 17.92%
LONG-TERM ASSETS
Property, Plant & Equipment $313.0M $115.6M $142.0M
YoY Change 169.83% -19.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.573B $1.106B $1.196B
YoY Change 42.22% 17.78% 36.84%
Other Assets $972.0M $886.0M $841.0M
YoY Change 9.71% 10.2% 1855.81%
Total Long-Term Assets $4.336B $4.212B $4.075B
YoY Change 2.94% 15.0% 9.26%
TOTAL ASSETS
Total Short-Term Assets $11.03B $10.21B $10.09B
Total Long-Term Assets $4.336B $4.212B $4.075B
Total Assets $15.36B $14.42B $14.17B
YoY Change 6.53% 11.58% 15.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $597.0M $543.0M $496.0M
YoY Change 9.94% 16.77% 42.12%
Accrued Expenses
YoY Change
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 $597.0M $543.0M $496.0M
YoY Change 9.94% 16.77% 1358.82%
LONG-TERM LIABILITIES
Long-Term Debt $6.276B $6.655B $6.854B
YoY Change -5.69% 8.99% 18.21%
Other Long-Term Liabilities $1.278B $1.271B $1.145B
YoY Change 0.55% 15.44% 6.91%
Total Long-Term Liabilities $7.554B $7.926B $7.999B
YoY Change -4.69% 9.98% 16.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $597.0M $543.0M $496.0M
Total Long-Term Liabilities $7.554B $7.926B $7.999B
Total Liabilities $8.336B $8.469B $8.495B
YoY Change -4.96% 10.4% 17.14%
SHAREHOLDERS EQUITY
Retained Earnings $3.430B $3.157B
YoY Change 28.94% 30.28%
Common Stock $2.306B $2.290B
YoY Change 2.95% 3.02%
Preferred Stock
YoY Change
Treasury Stock (at cost) $107.8M $107.7M
YoY Change 15.32% 26.46%
Treasury Stock Shares
Shareholders Equity $7.026B $5.649B $5.360B
YoY Change
Total Liabilities & Shareholders Equity $15.36B $14.42B $14.17B
YoY Change 6.53% 11.58% 15.29%

Cashflow Statement

Concept 2016 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $911.8M $281.6M $223.3M
YoY Change 13.57% 14.79% 25.63%
Depreciation, Depletion And Amortization $50.20M $13.20M $11.60M
YoY Change 14.96% 16.81% 9.43%
Cash From Operating Activities $507.8M $668.8M -$93.90M
YoY Change -221.01% 508.0% -46.89%
INVESTING ACTIVITIES
Capital Expenditures $76.44M -$30.50M -$10.20M
YoY Change -16.33% 199.02% 142.86%
Acquisitions $725.0K
YoY Change
Other Investing Activities $91.92M -$52.20M $1.800M
YoY Change -49.26% -125.33% -96.94%
Cash From Investing Activities -$85.84M -$82.70M -$8.400M
YoY Change -12.76% -142.22% -115.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $431.0K
YoY Change -96.87%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$250.9M -232.9M -12.60M
YoY Change -163.57% -263.67% 186.36%
NET CHANGE
Cash From Operating Activities $507.8M 668.8M -93.90M
Cash From Investing Activities -$85.84M -82.70M -8.400M
Cash From Financing Activities -$250.9M -232.9M -12.60M
Net Change In Cash $171.1M 353.2M -114.9M
YoY Change -238.68% -21.2% -9.24%
FREE CASH FLOW
Cash From Operating Activities $507.8M $668.8M -$93.90M
Capital Expenditures $76.44M -$30.50M -$10.20M
Free Cash Flow $431.4M $699.3M -$83.70M
YoY Change -184.42% 481.78% -51.51%

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84433000 USD
CY2015 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
28389000 USD
CY2014 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
24019000 USD
CY2016 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
548000 USD
CY2015 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
3228000 USD
CY2014 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
0 USD
CY2016 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
56507000 USD
CY2015 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
78703000 USD
CY2014 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
7000000 USD
CY2016 len Paymentsto Acquire Cost Method Investments
PaymentstoAcquireCostMethodInvestments
0 USD
CY2015 len Paymentsto Acquire Cost Method Investments
PaymentstoAcquireCostMethodInvestments
18000000 USD
CY2014 len Paymentsto Acquire Cost Method Investments
PaymentstoAcquireCostMethodInvestments
0 USD
CY2016 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Held To Maturity
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsHeldToMaturity
42436000 USD
CY2015 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Held To Maturity
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsHeldToMaturity
13973000 USD
CY2014 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Held To Maturity
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsHeldToMaturity
8705000 USD
CY2016 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
0 USD
CY2015 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
7014000 USD
CY2014 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
9171000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
725000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5489000 USD
CY2016 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
0 USD
CY2015 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
28093000 USD
CY2014 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
21274000 USD
CY2016 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
541000 USD
CY2015 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
CY2014 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
51934000 USD
CY2016 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-963000 USD
CY2015 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
5022000 USD
CY2014 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-1102000 USD
CY2016 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
37764000 USD
CY2015 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
45687000 USD
CY2014 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
40627000 USD
CY2016 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
23963000 USD
CY2015 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
23626000 USD
CY2014 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
38910000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-85837000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-98393000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
438359000 USD
CY2016 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
107465000 USD
CY2015 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
366290000 USD
CY2014 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
389535000 USD
CY2016 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
499024000 USD
CY2015 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
1146647000 USD
CY2014 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
955025000 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4740000 USD
CY2015 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
11807000 USD
CY2014 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9989000 USD
CY2016 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
250000000 USD
CY2015 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
500000000 USD
CY2014 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
250000000 USD
CY2016 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
234028000 USD
CY2015 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
212107000 USD
CY2014 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
CY2016 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
37163000 USD
CY2015 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
101618000 USD
CY2014 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
34424000 USD
CY2016 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
210968000 USD
CY2015 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
258108000 USD
CY2014 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
299713000 USD
CY2016 len Paymentsforthe Exerciseof Purchase Options Land
PaymentsfortheExerciseofPurchaseOptionsLand
0 USD
CY2015 len Paymentsforthe Exerciseof Purchase Options Land
PaymentsfortheExerciseofPurchaseOptionsLand
0 USD
CY2014 len Paymentsforthe Exerciseof Purchase Options Land
PaymentsfortheExerciseofPurchaseOptionsLand
1540000 USD
CY2016 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
353000 USD
CY2015 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1296000 USD
CY2014 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
12859000 USD
CY2016 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
127410000 USD
CY2015 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
133374000 USD
CY2014 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
155625000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
7039000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
113000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
7497000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
19471000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9405000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13599000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
19902000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
23188000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
20424000 USD
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
35324000 USD
CY2015 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
33192000 USD
CY2014 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
32775000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-250883000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
394670000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
661438000 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
171084000 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-123369000 USD
CY2016 us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
311309000 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
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
970505000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1329529000 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
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1329529000 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
CY2016 us-gaap Interest Paid Net
InterestPaidNet
66570000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
87132000 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
68366000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
374731000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
336796000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
202374000 USD
CY2016 len Noncash Consolidation Deconsolidation Inventory
NoncashConsolidationDeconsolidationInventory
111347000 USD
CY2015 len Noncash Consolidation Deconsolidation Inventory
NoncashConsolidationDeconsolidationInventory
0 USD
CY2014 len Noncash Consolidation Deconsolidation Inventory
NoncashConsolidationDeconsolidationInventory
155021000 USD
CY2016 len Noncash Consolidation Deconsolidation Property Plantand Equipmentand Other Assets
NoncashConsolidationDeconsolidationPropertyPlantandEquipmentandOtherAssets
0 USD
CY2015 len Noncash Consolidation Deconsolidation Property Plantand Equipmentand Other Assets
NoncashConsolidationDeconsolidationPropertyPlantandEquipmentandOtherAssets
-17421000 USD
CY2014 len Noncash Consolidation Deconsolidation Property Plantand Equipmentand Other Assets
NoncashConsolidationDeconsolidationPropertyPlantandEquipmentandOtherAssets
-7218000 USD
CY2016 len Noncash Consolidation Deconsolidation Equity Method Investments
NoncashConsolidationDeconsolidationEquityMethodInvestments
-2445000 USD
CY2015 len Noncash Consolidation Deconsolidation Equity Method Investments
NoncashConsolidationDeconsolidationEquityMethodInvestments
2948000 USD
CY2014 len Noncash Consolidation Deconsolidation Equity Method Investments
NoncashConsolidationDeconsolidationEquityMethodInvestments
-30647000 USD
CY2016 len Noncash Consolidation Deconsolidation Liabilities Relatedto Consolidated Inventory Not Owned
NoncashConsolidationDeconsolidationLiabilitiesRelatedtoConsolidatedInventoryNotOwned
-96424000 USD
CY2015 len Noncash Consolidation Deconsolidation Liabilities Relatedto Consolidated Inventory Not Owned
NoncashConsolidationDeconsolidationLiabilitiesRelatedtoConsolidatedInventoryNotOwned
0 USD
CY2014 len Noncash Consolidation Deconsolidation Liabilities Relatedto Consolidated Inventory Not Owned
NoncashConsolidationDeconsolidationLiabilitiesRelatedtoConsolidatedInventoryNotOwned
0 USD
CY2016 len Noncash Consolidation Deconsolidation Other Liabilities
NoncashConsolidationDeconsolidationOtherLiabilities
0 USD
CY2015 len Noncash Consolidation Deconsolidation Other Liabilities
NoncashConsolidationDeconsolidationOtherLiabilities
1220000 USD
CY2014 len Noncash Consolidation Deconsolidation Other Liabilities
NoncashConsolidationDeconsolidationOtherLiabilities
0 USD
CY2016 len Noncash Consolidation Deconsolidation Noncontrollinginterests
NoncashConsolidationDeconsolidationNoncontrollinginterests
-12478000 USD
CY2015 len Noncash Consolidation Deconsolidation Noncontrollinginterests
NoncashConsolidationDeconsolidationNoncontrollinginterests
13253000 USD
CY2014 len Noncash Consolidation Deconsolidation Noncontrollinginterests
NoncashConsolidationDeconsolidationNoncontrollinginterests
-117156000 USD
CY2016 us-gaap Advertising Expense
AdvertisingExpense
40900000 USD
CY2015 us-gaap Advertising Expense
AdvertisingExpense
47900000 USD
CY2014 us-gaap Advertising Expense
AdvertisingExpense
45200000 USD
CY2016Q4 us-gaap Escrow Deposit
EscrowDeposit
460500000 USD
CY2015Q4 us-gaap Escrow Deposit
EscrowDeposit
414900000 USD
CY2016Q4 len Numberof Active Communities
NumberofActiveCommunities
693
CY2015Q4 len Numberof Active Communities
NumberofActiveCommunities
662
CY2016Q4 len Numberof Communities Assessedfor Impairment
NumberofCommunitiesAssessedforImpairment
11
CY2016Q4 len Numberof Homesites Assessedfor Impairment
NumberofHomesitesAssessedforImpairment
663
CY2016Q4 len Inventory Operative Builders With Potential Indicators Of Impairment
InventoryOperativeBuildersWithPotentialIndicatorsOfImpairment
180900000 USD
CY2016 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2015Q4 len Numberof Communities Assessedfor Impairment
NumberofCommunitiesAssessedforImpairment
13
CY2015Q4 len Numberof Homesites Assessedfor Impairment
NumberofHomesitesAssessedforImpairment
931
CY2015Q4 len Inventory Operative Builders With Potential Indicators Of Impairment
InventoryOperativeBuildersWithPotentialIndicatorsOfImpairment
121700000 USD
CY2015Q4 us-gaap Inventory Write Down
InventoryWriteDown
8100000 USD
CY2015Q4 len Numberof Homesites Impaired
NumberofHomesitesImpaired
209
CY2015 len Numberof Communities Impaired
NumberofCommunitiesImpaired
5 community
CY2016Q4 us-gaap Trading Securities
TradingSecurities
0 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5800000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5900000 USD
CY2015Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
130853000 USD
CY2014Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
115927000 USD
CY2016 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
96934000 USD
CY2015 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
81505000 USD
CY2016 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
2079000 USD
CY2015 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
11451000 USD
CY2016 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
94463000 USD
CY2015 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
78030000 USD
CY2016Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
135403000 USD
CY2015Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
130853000 USD
CY2016Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
87600000 USD
CY2015Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
96500000 USD
CY2016Q4 us-gaap Assets
Assets
15361781000 USD
CY2015Q4 us-gaap Assets
Assets
14419509000 USD
CY2014Q4 us-gaap Assets
Assets
12923151000 USD
CY2016 us-gaap Revenues
Revenues
10949999000 USD
CY2015 us-gaap Revenues
Revenues
9474008000 USD
CY2014 us-gaap Revenues
Revenues
7779812000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
1563031000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
1425860000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
1146945000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
232562000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
216244000 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
177161000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1330469000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1209616000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
969784000 USD
CY2016 len Sales Incentives
SalesIncentives
596300000 USD
CY2016 len Sales Incentives Per Home Delivered
SalesIncentivesPerHomeDelivered
22500
CY2015 len Sales Incentives
SalesIncentives
518100000 USD
CY2015 len Sales Incentives Per Home Delivered
SalesIncentivesPerHomeDelivered
21400
CY2014 len Sales Incentives
SalesIncentives
449200000 USD
CY2014 len Sales Incentives Per Home Delivered
SalesIncentivesPerHomeDelivered
21400
CY2016 len Depreciation And Amortization Including Nonvested Shares Amortization
DepreciationAndAmortizationIncludingNonvestedSharesAmortization
105735000 USD
CY2015 len Depreciation And Amortization Including Nonvested Shares Amortization
DepreciationAndAmortizationIncludingNonvestedSharesAmortization
87408000 USD
CY2014 len Depreciation And Amortization Including Nonvested Shares Amortization
DepreciationAndAmortizationIncludingNonvestedSharesAmortization
79123000 USD
CY2016 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
65608000 USD
CY2015 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
-41355000 USD
CY2014 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
-21338000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
260553000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
193908000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
86939000 USD
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
78351000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
173614000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
115557000 USD
CY2014 len Debt Instrument Numberof Instruments Issued
DebtInstrumentNumberofInstrumentsIssued
2 debt_instrument
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
300116000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
343635000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
261306000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
19777000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
52420000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-3340000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
319893000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
396055000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
257966000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
43775000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-12872000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
42847000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
53710000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
7233000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
40278000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
97485000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5639000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
83125000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
417378000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
390416000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
341091000 USD
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3500
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3500
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3500
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0321
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0322
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0317
CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.0278
CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.0301
CY2014 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.0281
CY2016 len Effective Income Tax Rate Reconciliation Tax Reserves And Interest Expense Percent
EffectiveIncomeTaxRateReconciliationTaxReservesAndInterestExpensePercent
-0.0089
CY2015 len Effective Income Tax Rate Reconciliation Tax Reserves And Interest Expense Percent
EffectiveIncomeTaxRateReconciliationTaxReservesAndInterestExpensePercent
0.0264
CY2014 len Effective Income Tax Rate Reconciliation Tax Reserves And Interest Expense Percent
EffectiveIncomeTaxRateReconciliationTaxReservesAndInterestExpensePercent
0.0059
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.0001
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.0009
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.0028
CY2016 len Effective Income Tax Rate Reconciliation Net Operating Loss Adjustment Percent
EffectiveIncomeTaxRateReconciliationNetOperatingLossAdjustmentPercent
0
CY2015 len Effective Income Tax Rate Reconciliation Net Operating Loss Adjustment Percent
EffectiveIncomeTaxRateReconciliationNetOperatingLossAdjustmentPercent
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0
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.0192
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
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-0.0012
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CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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EffectiveIncomeTaxRateContinuingOperations
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45725000 USD
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527460000 USD
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5773000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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559900000 USD
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521515000 USD
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25675000 USD
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32282000 USD
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CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
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5800000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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5900000 USD
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CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2013Q4 us-gaap Unrecognized Tax Benefits
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0 USD
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5028000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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3202000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
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12285000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
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12285000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
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7257000 USD
CY2015 len Effective Income Tax Rate Reconciliation Percent Before Unrecognized Tax Benefits
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0.3230
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0.3272
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0.3513
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0.3480
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8000000.0 USD
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65145000 USD
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31469000 USD
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3251000 USD
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UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
33841000 USD
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45973000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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65145000 USD
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NetIncomeLoss
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CY2014 us-gaap Net Income Loss
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337000 USD
CY2015 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
361000 USD
CY2014 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
414000 USD
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8852000 USD
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8371000 USD
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7379000 USD
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902655000 USD
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794162000 USD
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631123000 USD
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1028000 USD
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4120000 USD
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0 USD
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5528000 USD
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7928000 USD
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7928000 USD
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8852000 USD
CY2015 len Undistributed Earnings Loss Allocatedto Participating Securities Diluted Originally Allocated
UndistributedEarningsLossAllocatedtoParticipatingSecuritiesDilutedOriginallyAllocated
8371000 USD
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7379000 USD
CY2016 len Undistributed Earnings Loss Allocatedto Participating Securities Diluted Reallocated
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8438000 USD
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7528000 USD
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6632000 USD
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218421000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
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205189000 shares
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202209000 shares
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3000 shares
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8000 shares
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26023000 shares
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230712000 shares
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230812000 shares
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228240000 shares
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4.13
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3.87
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3.12
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3.93
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.46
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EarningsPerShareDiluted
2.80
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20000000 shares
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0 shares
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15700000 USD
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13500000 USD
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10200000 USD
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55516000 USD
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40718000 USD
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7000000.0 USD
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100000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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7500000 USD
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122100000 USD
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us-gaap Payments For Deposits On Real Estate Acquisitions
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20000000 USD
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85000000.0 USD
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55900000 USD
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48900000 USD
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481100000 USD
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1330469000 USD
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1247000 USD
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911844000 USD
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53000 USD
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911496000 USD
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1247000 USD
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9474008000 USD
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216244000 USD
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-65000 USD
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26000 USD
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0 USD
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819200000 USD
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16306000 USD
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802894000 USD
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8387992000 USD
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12454000 USD
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1209616000 USD
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390416000 USD
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802803000 USD
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16306000 USD
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7779812000 USD
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177161000 USD
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6857774000 USD
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36551000 USD
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969784000 USD
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341091000 USD
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0 USD
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628693000 USD
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-10223000 USD
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638916000 USD
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130000 USD
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639046000 USD
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-10223000 USD
CY2016 us-gaap Profit Loss
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913091000 USD
CY2016 len Proceedsfrom Distributionsof Earnings Guarantorand Non Guarantor Subsidiaries
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0 USD
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507804000 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
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25288000 USD
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102571000 USD
CY2016 us-gaap Proceeds From Sale Of Foreclosed Assets
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97871000 USD
CY2016 us-gaap Proceeds From Collection Of Loans Receivable
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84433000 USD
CY2016 len Paymentsfor Originationof Loans Receivable
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56507000 USD
CY2016 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Held To Maturity
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42436000 USD
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91915000 USD
CY2016 len Proceedsfrom Subsidiaries Dividendsor Distributions Returnof Capital
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0 USD
CY2016 len Proceedsfrom Repaymentsof Intercompany Investing Activities
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0 USD
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107465000 USD
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494284000 USD
CY2016 us-gaap Repayments Of Senior Debt
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250000000 USD
CY2016 us-gaap Repayments Of Convertible Debt
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234028000 USD
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-173805000 USD
CY2016 us-gaap Proceeds From Payments To Minority Shareholders
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-127057000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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7039000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
19471000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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19902000 USD
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
35324000 USD
CY2016 len Proceedsfrom Repaymentsof Intercompany Financing
ProceedsfromRepaymentsofIntercompanyFinancing
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