$MTH
Meritage Homes CORP

2022 Q4 Form 10-Q Financial Statement

#000083307922000089 Filed on October 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $1.999B $1.584B
YoY Change 32.86% 25.23%
Cost Of Revenue $1.605B $1.208B
YoY Change 40.42% 25.97%
Gross Profit $393.4M $376.7M
YoY Change 8.94% 22.94%
Gross Profit Margin 19.68% 23.77%
Selling, General & Admin $56.61M $126.3M
YoY Change 6.51% 8.77%
% of Gross Profit 14.39% 33.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.203M $5.822M
YoY Change 13.38% -10.13%
% of Gross Profit 1.83% 1.55%
Operating Expenses $53.05M $126.3M
YoY Change 2.55% 8.77%
Operating Profit $340.3M $250.3M
YoY Change 10.0% 31.59%
Interest Expense $1.918M $0.00
YoY Change -9.36% -100.0%
% of Operating Profit 0.56% 0.0%
Other Income/Expense, Net -$74.00K
YoY Change -105.84%
Pretax Income $342.2M $329.5M
YoY Change 9.87% 25.9%
Income Tax $79.88M $67.00M
% Of Pretax Income 23.34% 20.34%
Net Earnings $262.4M $262.5M
YoY Change 10.49% 30.75%
Net Earnings / Revenue 13.13% 16.57%
Basic Earnings Per Share $7.18
Diluted Earnings Per Share $7.09 $7.10
COMMON SHARES
Basic Shares Outstanding 36.57M shares 36.57M
Diluted Shares Outstanding 36.95M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $861.6M $299.4M
YoY Change 39.34% -46.76%
Cash & Equivalents $861.6M $299.4M
Short-Term Investments
Other Short-Term Assets $112.6M $171.9M
YoY Change 59.09% 218.54%
Inventory $4.358B $4.726B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $5.547B $5.338B
YoY Change 21.36% 22.49%
LONG-TERM ASSETS
Property, Plant & Equipment $38.64M $39.44M
YoY Change 3.47% 7.77%
Goodwill $32.96M $32.96M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $11.75M $11.36M
YoY Change 103.9% 190.81%
Other Assets $45.45M $41.06M
YoY Change 11.75% 5.69%
Total Long-Term Assets $224.7M $233.2M
YoY Change -4.99% 12.41%
TOTAL ASSETS
Total Short-Term Assets $5.547B $5.338B
Total Long-Term Assets $224.7M $233.2M
Total Assets $5.772B $5.571B
YoY Change 20.06% 22.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $273.3M $322.2M
YoY Change 26.51% 50.17%
Accrued Expenses $335.4M $353.5M
YoY Change 11.82% 18.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $671.8M $733.5M
YoY Change 12.75% 26.69%
LONG-TERM LIABILITIES
Long-Term Debt $1.151B $1.156B
YoY Change -0.81% -0.47%
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0%
Total Long-Term Liabilities $1.151B $1.156B
YoY Change -1.42% -0.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $671.8M $733.5M
Total Long-Term Liabilities $1.151B $1.156B
Total Liabilities $1.822B $1.889B
YoY Change 3.37% 8.57%
SHAREHOLDERS EQUITY
Retained Earnings $3.621B $3.359B
YoY Change 37.74% 40.44%
Common Stock $328.2M $322.8M
YoY Change -20.95% -25.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.950B $3.682B
YoY Change
Total Liabilities & Shareholders Equity $5.772B $5.571B
YoY Change 20.06% 22.03%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $262.4M $262.5M
YoY Change 10.49% 30.75%
Depreciation, Depletion And Amortization $7.203M $5.822M
YoY Change 13.38% -10.13%
Cash From Operating Activities $575.1M $37.02M
YoY Change 495.23% -135.18%
INVESTING ACTIVITIES
Capital Expenditures $7.434M -$6.685M
YoY Change -195.87% -3.67%
Acquisitions
YoY Change
Other Investing Activities $31.00K $60.00K
YoY Change -101.99% -46.43%
Cash From Investing Activities -$7.403M -$6.625M
YoY Change -20.52% -2.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.502M -3.153M
YoY Change -82.4% -68.54%
NET CHANGE
Cash From Operating Activities 575.1M 37.02M
Cash From Investing Activities -7.403M -6.625M
Cash From Financing Activities -5.502M -3.153M
Net Change In Cash 562.2M 27.24M
YoY Change 903.09% -122.31%
FREE CASH FLOW
Cash From Operating Activities $575.1M $37.02M
Capital Expenditures $7.434M -$6.685M
Free Cash Flow $567.6M $43.70M
YoY Change 443.89% -144.46%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Address State Or Province
EntityAddressStateOrProvince
AZ
dei Entity Central Index Key
EntityCentralIndexKey
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dei Amendment Flag
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
1-9977
dei Entity Registrant Name
EntityRegistrantName
Meritage Homes Corp
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
86-0611231
dei Entity Address Address Line1
EntityAddressAddressLine1
8800 E. Raintree Drive
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 300
dei Entity Address City Or Town
EntityAddressCityOrTown
Scottsdale
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
85260
dei City Area Code
CityAreaCode
480
dei Local Phone Number
LocalPhoneNumber
515-8100
dei Security12b Title
Security12bTitle
Common Stock $.01 par value
dei Trading Symbol
TradingSymbol
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dei Security Exchange Name
SecurityExchangeName
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dei Entity Current Reporting Status
EntityCurrentReportingStatus
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dei Entity Interactive Data Current
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dei Entity Filer Category
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CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16897000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
299387000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
562291000 usd
CY2022Q3 mth Entity Operations In Number Of Regions
EntityOperationsInNumberOfRegions
3 region
CY2022Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
10 state
CY2022Q3 mth Numberof Communitiesin Which Homesare Sold
NumberofCommunitiesinWhichHomesareSold
275 community
CY2022Q3 us-gaap Deposit Assets
DepositAssets
88400000 usd
CY2021Q4 us-gaap Deposit Assets
DepositAssets
90700000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26264000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19961000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21038000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
23998000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
26171000 usd
CY2022Q3 mth Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
158552000 usd
CY2021Q4 mth Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
115214000 usd
CY2022Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
84062000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
102773000 usd
CY2022Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
21383000 usd
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
5556000 usd
CY2022Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
12634000 usd
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
37297000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
31715000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
23998000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
26171000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
21168000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
24002000 usd
CY2022Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
353512000 usd
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
337277000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
31437000 usd
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
25065000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26264000 usd
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23743000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
5583000 usd
CY2021Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4442000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
15419000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
12766000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
5305000 usd
CY2021Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2956000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
9968000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
9958000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 usd
CY2021Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
31715000 usd
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26551000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
31715000 usd
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26551000 usd
CY2022Q3 mth Contract Asset Insurance Renewals
ContractAssetInsuranceRenewals
0 usd
CY2021Q4 mth Contract Asset Insurance Renewals
ContractAssetInsuranceRenewals
0 usd
CY2022Q3 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
1452691000 usd
CY2021Q4 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
1039822000 usd
CY2022Q3 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
986862000 usd
CY2021Q4 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
484999000 usd
CY2022Q3 mth Inventory Model Homes
InventoryModelHomes
87550000 usd
CY2021Q4 mth Inventory Model Homes
InventoryModelHomes
81049000 usd
CY2022Q3 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
2199159000 usd
CY2021Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
2128538000 usd
CY2022Q3 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
4726262000 usd
CY2021Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
3734408000 usd
CY2022Q3 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
62200000 usd
CY2021Q4 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
62100000 usd
CY2022Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
61459000 usd
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
56710000 usd
CY2021Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
56253000 usd
CY2020Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
58940000 usd
CY2022Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
15179000 usd
CY2021Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
15212000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
45563000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
47625000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
0 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
79000 usd
us-gaap Interest Expense
InterestExpense
41000 usd
us-gaap Interest Expense
InterestExpense
246000 usd
CY2022Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
14548000 usd
CY2021Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
14550000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
39685000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
49026000 usd
CY2022Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
62090000 usd
CY2021Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
57293000 usd
CY2022Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
62090000 usd
CY2021Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
57293000 usd
CY2022Q3 mth Land Under Purchase Contracts And Options Recorded Number Of Lots
LandUnderPurchaseContractsAndOptionsRecordedNumberOfLots
0 lot
CY2022Q3 mth Land Under Purchase Contracts And Options Recorded
LandUnderPurchaseContractsAndOptionsRecorded
0 usd
CY2022Q3 mth Land Under Purchase Contracts And Options Recorded Cash Deposits
LandUnderPurchaseContractsAndOptionsRecordedCashDeposits
0 usd
CY2022Q3 mth Land Under Option Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderOptionContractsNotRecordedNonRefundableCommittedNumberOfLots
9989 lot
CY2022Q3 mth Land Under Option Contracts Not Recorded Non Refundable Committed
LandUnderOptionContractsNotRecordedNonRefundableCommitted
558694000 usd
CY2022Q3 mth Land Under Option Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderOptionContractsNotRecordedNonRefundableCommittedCashDeposits
58154000 usd
CY2022Q3 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedNumberOfLots
8427 lot
CY2022Q3 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed
LandUnderPurchaseContractsNotRecordedNonRefundableCommitted
243038000 usd
CY2022Q3 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedCashDeposits
19508000 usd
CY2022Q3 mth Land Under Purchase Contracts Not Recorded Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedRefundableCommittedNumberOfLots
2102 lot
CY2022Q3 mth Land Under Purchase Contracts Not Recorded Refundable Committed
LandUnderPurchaseContractsNotRecordedRefundableCommitted
52787000 usd
CY2022Q3 mth Land Under Purchase Contracts Not Recorded Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedRefundableCommittedCashDeposits
1105000 usd
CY2022Q3 mth Land Under Purchase And Option Contracts Committed Number Of Lots
LandUnderPurchaseAndOptionContractsCommittedNumberOfLots
20518 lot
CY2022Q3 mth Land Under Purchase And Option Contracts Committed
LandUnderPurchaseAndOptionContractsCommitted
854519000 usd
CY2022Q3 mth Land Under Purchase And Option Contracts Committed Cash Deposits
LandUnderPurchaseAndOptionContractsCommittedCashDeposits
78767000 usd
CY2022Q3 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Number Of Lots
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedNumberOfLots
22524 lot
CY2022Q3 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommitted
743757000 usd
CY2022Q3 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Cash Deposits
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedCashDeposits
9661000 usd
CY2022Q3 mth Land Under Purchase And Option Contracts Number Of Lots
LandUnderPurchaseAndOptionContractsNumberOfLots
43042 lot
CY2022Q3 mth Land Under Purchase And Option Contracts
LandUnderPurchaseAndOptionContracts
1598276000 usd
CY2022Q3 mth Land Under Purchase And Option Contracts Cash Deposits
LandUnderPurchaseAndOptionContractsCashDeposits
88428000 usd
CY2022Q3 mth Land Under Option Contract Not Recorded Number Of Lots
LandUnderOptionContractNotRecordedNumberOfLots
43042 lot
CY2022Q3 us-gaap Land Under Purchase Options Not Recorded
LandUnderPurchaseOptionsNotRecorded
1598276000 usd
CY2022Q3 mth Land Under Option Contract Not Recorded Cash Deposits
LandUnderOptionContractNotRecordedCashDeposits
88428000 usd
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
582000 shares
CY2022Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
40000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
40000000 usd
CY2021Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
582000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36569000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37647000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36736000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37703000 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
377000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36946000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38229000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37136000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38285000 shares
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
262489000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
200752000 usd
us-gaap Net Income Loss
NetIncomeLoss
729827000 usd
us-gaap Net Income Loss
NetIncomeLoss
499984000 usd
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.18
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.33
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
19.87
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
13.26
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.10
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.25
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
19.65
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
13.06
CY2021Q4 us-gaap Goodwill
Goodwill
32962000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2022Q3 us-gaap Goodwill
Goodwill
32962000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
3044389000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
217254000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5975000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 usd
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
99303000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
3168315000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
250084000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4070000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10000000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
3412469000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
262489000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
262489000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6852000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 usd
CY2022Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
3681810000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
2347868000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
131843000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5367000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 usd
CY2021Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
8385000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
2476693000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
167389000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3223000 usd
CY2021Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
19161000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
2628144000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
200752000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5845000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 usd
CY2021Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
9471000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
2825270000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6852000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5845000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14435000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
33823000 usd
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
25007000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y7D
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y11M19D
CY2022Q3 mth Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
803769 shares
CY2021Q4 mth Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
883280 shares
CY2022Q3 mth Share Based Compensation Arrangement Payout Percentage
ShareBasedCompensationArrangementPayoutPercentage
1
mth Increase Decreasein Real Estate Acquired Through Notes Payable
IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable
2199000 usd
CY2022Q3 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
54114000 usd
CY2021Q3 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
47955000 usd
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
177577000 usd
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
115781000 usd
CY2022Q3 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
12888000 usd
CY2021Q3 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
13002000 usd
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
39665000 usd
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
27572000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
67002000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60957000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
217242000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
143353000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.203
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.229
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.233
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.223
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022Q3 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
0 usd
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 usd
CY2022Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
0 usd
us-gaap Interest Paid Net
InterestPaidNet
16119000 usd
us-gaap Interest Paid Net
InterestPaidNet
14451000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
242994000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
152843000 usd
mth Increase Decreasein Real Estate Acquired Through Notes Payable
IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable
9861000 usd
mth Numberof Business Segments
NumberofBusinessSegments
2 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
10 operating_segment
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-18188000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
329491000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
261709000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
947069000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
643337000 usd
CY2022Q3 us-gaap Deposit Assets
DepositAssets
88428000 usd
CY2022Q3 us-gaap Inventory Real Estate
InventoryRealEstate
4726262000 usd
CY2022Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
11356000 usd
CY2022Q3 us-gaap Other Assets
OtherAssets
745044000 usd
CY2022Q3 us-gaap Assets
Assets
5571090000 usd
CY2021Q4 us-gaap Deposit Assets
DepositAssets
90679000 usd
CY2021Q4 us-gaap Inventory Real Estate
InventoryRealEstate
3734408000 usd
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
5764000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
976682000 usd
CY2021Q4 us-gaap Assets
Assets
4807533000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
31700000 usd

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