$MTH
Meritage Homes CORP

2024 Q1 Form 10-K Financial Statement

#000083307924000015 Filed on February 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.475B $1.660B $6.138B
YoY Change 14.76% -16.93% -2.45%
Cost Of Revenue $1.195B $1.348B $5.003B
YoY Change 10.51% -16.04% 3.84%
Gross Profit $279.8M $312.5M $1.135B
YoY Change 37.33% -20.56% -23.0%
Gross Profit Margin 18.97% 18.82% 18.49%
Selling, General & Admin $152.3M $68.97M $231.7M
YoY Change 16.81% 21.83% -55.11%
% of Gross Profit 54.43% 22.07% 20.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.038M $7.734M $25.33M
YoY Change 15.94% 7.37% 2.37%
% of Gross Profit 2.16% 2.47% 2.23%
Operating Expenses $152.3M $56.06M $183.8M
YoY Change 16.81% 5.67% -64.4%
Operating Profit $127.5M $256.5M $951.0M
YoY Change 73.79% -24.65% -0.67%
Interest Expense $0.00 $2.418M -$656.0K
YoY Change 26.07% -1700.0%
% of Operating Profit 0.0% 0.94% -0.07%
Other Income/Expense, Net $9.022M $47.95M
YoY Change 2.01% 1666.69%
Pretax Income $234.0M $258.9M $949.4M
YoY Change 41.57% -24.36% -26.36%
Income Tax $48.00M $60.02M $210.7M
% Of Pretax Income 20.51% 23.18% 22.19%
Net Earnings $186.0M $198.9M $738.7M
YoY Change 41.67% -24.21% -25.54%
Net Earnings / Revenue 12.61% 11.98% 12.04%
Basic Earnings Per Share $5.12 $20.17
Diluted Earnings Per Share $5.06 $5.38 $19.93
COMMON SHARES
Basic Shares Outstanding 36.17M shares 36.45M shares 36.62M shares
Diluted Shares Outstanding 36.78M shares 37.07M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $905.3M $921.2M $921.2M
YoY Change -5.42% 6.93% 6.93%
Cash & Equivalents $905.3M $921.2M $921.2M
Short-Term Investments
Other Short-Term Assets $107.4M $218.6M $218.6M
YoY Change -18.9% 94.13% 94.13%
Inventory $4.915B $4.721B $4.721B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $6.171B $6.128B $6.128B
YoY Change 9.13% 10.47% 10.47%
LONG-TERM ASSETS
Property, Plant & Equipment $47.87M $48.95M $48.95M
YoY Change 14.79% 26.71% -15.25%
Goodwill $32.96M $32.96M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $18.74M $17.17M $17.17M
YoY Change 66.16% 46.09% 46.09%
Other Assets $47.00M $47.57M $47.57M
YoY Change 4.91% 4.67% 4.67%
Total Long-Term Assets $318.8M $225.1M $225.1M
YoY Change 46.89% 0.18% 0.18%
TOTAL ASSETS
Total Short-Term Assets $6.171B $6.128B $6.128B
Total Long-Term Assets $318.8M $225.1M $225.1M
Total Assets $6.489B $6.353B $6.353B
YoY Change 10.53% 10.07% 10.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $306.2M $271.7M $271.7M
YoY Change 16.12% -0.59% -0.59%
Accrued Expenses $345.5M $424.8M $424.8M
YoY Change 21.15% 26.63% 26.63%
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 $767.2M $733.0M $733.0M
YoY Change 17.45% 9.11% 9.11%
LONG-TERM LIABILITIES
Long-Term Debt $1.002B $1.008B $1.008B
YoY Change -12.96% -12.38% -12.38%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.002B $1.008B $1.008B
YoY Change -12.96% -12.38% -12.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $767.2M $733.0M $733.0M
Total Long-Term Liabilities $1.002B $1.008B $1.008B
Total Liabilities $1.769B $1.741B $1.741B
YoY Change -1.95% -4.46% -4.46%
SHAREHOLDERS EQUITY
Retained Earnings $4.479B $4.321B
YoY Change 19.68% 19.31%
Common Stock $241.2M $291.3M
YoY Change -25.66% -11.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.721B $4.612B $4.612B
YoY Change
Total Liabilities & Shareholders Equity $6.489B $6.353B $6.353B
YoY Change 10.53% 10.07% 10.07%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $186.0M $198.9M $738.7M
YoY Change 41.67% -24.21% -25.54%
Depreciation, Depletion And Amortization $6.038M $7.734M $25.33M
YoY Change 15.94% 7.37% 2.37%
Cash From Operating Activities $81.93M -$104.5M $355.6M
YoY Change -34.18% -118.18% -12.26%
INVESTING ACTIVITIES
Capital Expenditures $6.258M $6.992M $38.19M
YoY Change -29.68% -5.95% 41.6%
Acquisitions
YoY Change
Other Investing Activities -$1.507M -$1.931M -$5.431M
YoY Change -981.29% -6329.03% 2.18%
Cash From Investing Activities -$7.765M -$8.923M -$43.62M
YoY Change -11.03% 20.53% 35.11%
FINANCING ACTIVITIES
Cash Dividend Paid $27.24M $39.53M
YoY Change 174.39%
Common Stock Issuance & Retirement, Net -$59.07M
YoY Change -154.04%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$90.09M -14.08M -252.3M
YoY Change 348.34% 155.96% 94.43%
NET CHANGE
Cash From Operating Activities $81.93M -104.5M 355.6M
Cash From Investing Activities -$7.765M -8.923M -43.62M
Cash From Financing Activities -$90.09M -14.08M -252.3M
Net Change In Cash -$15.93M -127.5M 59.67M
YoY Change -116.65% -122.69% -75.47%
FREE CASH FLOW
Cash From Operating Activities $81.93M -$104.5M $355.6M
Capital Expenditures $6.258M $6.992M $38.19M
Free Cash Flow $75.67M -$111.5M $317.4M
YoY Change -34.52% -119.65% -16.1%

Facts In Submission

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CY2023 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
64169000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
102950000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
65114000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
22609000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
76985000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
76158000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1356000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-4649000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
17536000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
355572000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
405270000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-152092000 usd
CY2023 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
5991000 usd
CY2022 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
5796000 usd
CY2021 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
1708000 usd
CY2023 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
137000 usd
CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
38192000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
26971000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25664000 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
423000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
481000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
551000 usd
CY2023 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
750000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
1032000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
2795000 usd
CY2023 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
750000 usd
CY2022 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
1032000 usd
CY2021 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
2795000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-43623000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-32286000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-26821000 usd
CY2023 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
2798000 usd
CY2022 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
20455000 usd
CY2021 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
13589000 usd
CY2023 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
150884000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
243226000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-127286000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
861561000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
618335000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
745621000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
921227000 usd
CY2022 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 usd
CY2021 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
317690000 usd
CY2023 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 usd
CY2022 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 usd
CY2021 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
450000000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6102000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
39534000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
0 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
0 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
59067000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
109303000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
60992000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-252283000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-129758000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
51627000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
59666000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
861561000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
618335000 usd
CY2023Q4 mth Entity Operations In Number Of Regions
EntityOperationsInNumberOfRegions
3 region
CY2023Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
10 state
CY2023Q4 mth Numberof Communitiesin Which Homesare Sold
NumberofCommunitiesinWhichHomesareSold
270 community
CY2023Q4 us-gaap Deposit Assets
DepositAssets
111400000 usd
CY2022Q4 us-gaap Deposit Assets
DepositAssets
76700000 usd
CY2023 us-gaap Depreciation
Depreciation
23500000 usd
CY2022 us-gaap Depreciation
Depreciation
23000000 usd
CY2021 us-gaap Depreciation
Depreciation
15300000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
122725000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
123256000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
73772000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
84621000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
48953000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
38635000 usd
CY2023Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
5300000 usd
CY2022Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
3800000 usd
CY2023Q4 mth Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
137489000 usd
CY2022Q4 mth Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
139447000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
140734000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
110338000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
6331000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
7026000 usd
CY2023Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
25569000 usd
CY2022Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
25182000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
37360000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
35575000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
54040000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
22782000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
23241000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
20265000 usd
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
424764000 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
360615000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
15100000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
12100000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
8200000 usd
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
6500000 usd
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
6000000 usd
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
5300000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
61251000 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
54442000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
35575000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26264000 usd
CY2023 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
22713000 usd
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
22198000 usd
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
20928000 usd
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
23803000 usd
CY2023 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 usd
CY2022 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
10916000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
37360000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
35575000 usd
CY2023Q4 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
704206000 usd
CY2022Q4 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
822428000 usd
CY2023Q4 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
1260855000 usd
CY2022Q4 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
1155543000 usd
CY2023Q4 mth Inventory Model Homes
InventoryModelHomes
118252000 usd
CY2022Q4 mth Inventory Model Homes
InventoryModelHomes
97198000 usd
CY2023Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
2637978000 usd
CY2022Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
2283094000 usd
CY2023Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
4721291000 usd
CY2022Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
4358263000 usd
CY2023Q4 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
10700000 usd
CY2022Q4 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
66800000 usd
CY2023 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2021 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2100000 usd
CY2023Q4 mth Land Under Purchase And Option Contracts Committed Cash Deposits
LandUnderPurchaseAndOptionContractsCommittedCashDeposits
97784000 usd
CY2023Q4 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Number Of Lots
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedNumberOfLots
28015 lot
CY2023Q4 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommitted
871661000 usd
CY2023Q4 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Cash Deposits
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedCashDeposits
13580000 usd
CY2022Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
60169000 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
CY2023 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
57759000 usd
CY2022 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
60599000 usd
CY2021 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
62836000 usd
CY2023 us-gaap Interest Expense
InterestExpense
0 usd
CY2022 us-gaap Interest Expense
InterestExpense
41000 usd
CY2021 us-gaap Interest Expense
InterestExpense
318000 usd
CY2023 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
63412000 usd
CY2022 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
56642000 usd
CY2021 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
65205000 usd
CY2023Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
54516000 usd
CY2022Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
60169000 usd
CY2021Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
56253000 usd
CY2023Q4 mth Land Under Purchase Contracts And Options Recorded Number Of Lots
LandUnderPurchaseContractsAndOptionsRecordedNumberOfLots
0 lot
CY2023Q4 mth Land Under Purchase Contracts And Options Recorded
LandUnderPurchaseContractsAndOptionsRecorded
0 usd
CY2023Q4 mth Land Under Purchase Contracts And Options Recorded Cash Deposits
LandUnderPurchaseContractsAndOptionsRecordedCashDeposits
0 usd
CY2023Q4 mth Land Under Option Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderOptionContractsNotRecordedNonRefundableCommittedNumberOfLots
7116 lot
CY2023Q4 mth Land Under Option Contracts Not Recorded Non Refundable Committed
LandUnderOptionContractsNotRecordedNonRefundableCommitted
508943000 usd
CY2023Q4 mth Land Under Option Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderOptionContractsNotRecordedNonRefundableCommittedCashDeposits
51032000 usd
CY2023Q4 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedNumberOfLots
9047 lot
CY2023Q4 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed
LandUnderPurchaseContractsNotRecordedNonRefundableCommitted
324112000 usd
CY2023Q4 mth Land Under Purchase Contracts Not Recorded Non Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedNonRefundableCommittedCashDeposits
45107000 usd
CY2023Q4 mth Land Under Purchase Contracts Not Recorded Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedRefundableCommittedNumberOfLots
1856 lot
CY2023Q4 mth Land Under Purchase Contracts Not Recorded Refundable Committed
LandUnderPurchaseContractsNotRecordedRefundableCommitted
81058000 usd
CY2023Q4 mth Land Under Purchase Contracts Not Recorded Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedRefundableCommittedCashDeposits
1645000 usd
CY2023Q4 mth Land Under Purchase And Option Contracts Committed Number Of Lots
LandUnderPurchaseAndOptionContractsCommittedNumberOfLots
18019 lot
CY2023Q4 mth Land Under Purchase And Option Contracts Committed
LandUnderPurchaseAndOptionContractsCommitted
914113000 usd
CY2023Q4 mth Land Under Purchase And Option Contracts Number Of Lots
LandUnderPurchaseAndOptionContractsNumberOfLots
46034 lot
CY2023Q4 mth Land Under Purchase And Option Contracts
LandUnderPurchaseAndOptionContracts
1785774000 usd
CY2023Q4 mth Land Under Purchase And Option Contracts Cash Deposits
LandUnderPurchaseAndOptionContractsCashDeposits
111364000 usd
CY2023Q4 mth Land Under Option Contract Not Recorded Number Of Lots
LandUnderOptionContractNotRecordedNumberOfLots
46034 lot
CY2023Q4 us-gaap Land Under Purchase Options Not Recorded
LandUnderPurchaseOptionsNotRecorded
1785774000 usd
CY2023Q4 mth Land Under Option Contract Not Recorded Cash Deposits
LandUnderOptionContractNotRecordedCashDeposits
111364000 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
8708000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
7819000 usd
CY2023 mth Noncash Lease Expense
NoncashLeaseExpense
7136000 usd
CY2022 mth Noncash Lease Expense
NoncashLeaseExpense
5802000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
9892000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
9162000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
40148000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4878000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
51275000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19129000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
54040000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
22782000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y6M
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0380
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0444
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9518000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8693000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7401000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6429000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5163000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
26143000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
63347000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9307000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
54040000 usd
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
17200000 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
CY2023Q4 mth Percentage Of Wholly Owned Subsidiaries
PercentageOfWhollyOwnedSubsidiaries
1
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
450000000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36619000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36694000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37610000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
450000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
407000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
623000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37069000 shares
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