$MTH
Meritage Homes CORP

2022 Q3 Form 10-Q Financial Statement

#000143774922018107 Filed on July 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $1.584B $1.412B $1.292B
YoY Change 25.23% 10.55% 18.66%
Cost Of Revenue $1.208B $967.0M $966.5M
YoY Change 25.97% 3.68% 9.03%
Gross Profit $376.7M $445.4M $325.1M
YoY Change 22.94% 29.11% 60.92%
Gross Profit Margin 23.77% 31.53% 25.17%
Selling, General & Admin $126.3M $117.3M $105.5M
YoY Change 8.77% 0.23% -0.15%
% of Gross Profit 33.54% 26.34% 32.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.822M $5.964M $5.759M
YoY Change -10.13% -13.74% -11.87%
% of Gross Profit 1.55% 1.34% 1.77%
Operating Expenses $126.3M $117.3M $105.5M
YoY Change 8.77% 0.23% -0.15%
Operating Profit $250.3M $328.1M $219.5M
YoY Change 31.59% 43.94% 127.95%
Interest Expense $0.00 $0.00 $41.00K
YoY Change -100.0% -100.0% -54.44%
% of Operating Profit 0.0% 0.0% 0.02%
Other Income/Expense, Net -$74.00K -$458.0K -$317.0K
YoY Change -105.84% -133.26% -139.72%
Pretax Income $329.5M $331.7M $285.9M
YoY Change 25.9% 53.81% 72.24%
Income Tax $67.00M $81.61M $68.63M
% Of Pretax Income 20.34% 24.6% 24.01%
Net Earnings $262.5M $250.1M $217.3M
YoY Change 30.75% 49.4% 64.78%
Net Earnings / Revenue 16.57% 17.71% 16.82%
Basic Earnings Per Share $7.18 $6.82 $5.87
Diluted Earnings Per Share $7.10 $6.77 $5.79
COMMON SHARES
Basic Shares Outstanding 36.57M 36.65M 37.00M shares
Diluted Shares Outstanding 36.95M shares 36.96M 37.53M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $299.4M $272.1M $520.4M
YoY Change -46.76% -60.23% -27.36%
Cash & Equivalents $299.4M $272.1M $520.4M
Short-Term Investments
Other Short-Term Assets $171.9M $139.9M $116.3M
YoY Change 218.54% 155.72% 10.74%
Inventory $4.726B $4.474B $4.028B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $5.338B $5.058B $4.820B
YoY Change 22.49% 22.7% 23.61%
LONG-TERM ASSETS
Property, Plant & Equipment $39.44M $39.03M $38.30M
YoY Change 7.77% 7.75% 2.66%
Goodwill $32.96M $32.96M $32.96M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $11.36M $11.22M $5.631M
YoY Change 190.81% 184.63% 40.78%
Other Assets $41.06M $41.27M $40.52M
YoY Change 5.69% 23.19% 21.67%
Total Long-Term Assets $233.2M $250.2M $238.2M
YoY Change 12.41% 25.36% 71.32%
TOTAL ASSETS
Total Short-Term Assets $5.338B $5.058B $4.820B
Total Long-Term Assets $233.2M $250.2M $238.2M
Total Assets $5.571B $5.308B $5.058B
YoY Change 22.03% 22.82% 25.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $322.2M $341.7M $280.1M
YoY Change 50.17% 58.77% 40.27%
Accrued Expenses $353.5M $309.8M $285.6M
YoY Change 18.68% 22.41% 16.27%
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 $733.5M $729.4M $717.3M
YoY Change 26.69% 37.12% 32.54%
LONG-TERM LIABILITIES
Long-Term Debt $1.156B $1.159B $1.165B
YoY Change -0.47% -0.24% 14.18%
Other Long-Term Liabilities $0.00 $7.210M $7.210M
YoY Change
Total Long-Term Liabilities $1.156B $1.166B $1.173B
YoY Change -0.47% 0.38% 14.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $733.5M $729.4M $717.3M
Total Long-Term Liabilities $1.156B $1.166B $1.173B
Total Liabilities $1.889B $1.895B $1.890B
YoY Change 8.57% 11.92% 21.01%
SHAREHOLDERS EQUITY
Retained Earnings $3.359B $3.097B $2.846B
YoY Change 40.44% 41.33% 40.66%
Common Stock $322.8M $316.0M $321.9M
YoY Change -25.54% -27.73% -28.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.682B $3.412B $3.168B
YoY Change
Total Liabilities & Shareholders Equity $5.571B $5.308B $5.058B
YoY Change 22.03% 22.82% 25.25%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $262.5M $250.1M $217.3M
YoY Change 30.75% 49.4% 64.78%
Depreciation, Depletion And Amortization $5.822M $5.964M $5.759M
YoY Change -10.13% -13.74% -11.87%
Cash From Operating Activities $37.02M -$219.0M $12.19M
YoY Change -135.18% 69.03% -187.39%
INVESTING ACTIVITIES
Capital Expenditures -$6.685M -$6.429M $6.423M
YoY Change -3.67% 7.69% 28.64%
Acquisitions
YoY Change
Other Investing Activities $60.00K -$5.584M $178.0K
YoY Change -46.43% -3023.56% 78.0%
Cash From Investing Activities -$6.625M -$12.01M -$6.245M
YoY Change -2.97% 107.87% 27.19%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net $99.30M
YoY Change 1084.29%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.153M -17.22M -$103.9M
YoY Change -68.54% -116.69% 905.45%
NET CHANGE
Cash From Operating Activities 37.02M -219.0M $12.19M
Cash From Investing Activities -6.625M -12.01M -$6.245M
Cash From Financing Activities -3.153M -17.22M -$103.9M
Net Change In Cash 27.24M -248.2M -$97.94M
YoY Change -122.31% 672.23% 235.55%
FREE CASH FLOW
Cash From Operating Activities $37.02M -$219.0M $12.19M
Capital Expenditures -$6.685M -$6.429M $6.423M
Free Cash Flow $43.70M -$212.6M $5.765M
YoY Change -144.46% 71.99% -130.44%

Facts In Submission

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us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
5653000 usd
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
1000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12852000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10970000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
247000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
292000 usd
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
1032000 usd
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
2697000 usd
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
1032000 usd
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
2697000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18258000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10679000 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
11800000 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
5758000 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
-0 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
317690000 usd
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 usd
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
450000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
-0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6102000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
109303000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
27546000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-121103000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
92904000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-346188000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-61247000 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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
272147000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
684374000 usd
CY2022Q2 mth Number Of Communities In Which Homes Sold
NumberOfCommunitiesInWhichHomesSold
303 pure
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
26171000 usd
CY2021Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23767000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26264000 usd
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23743000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
5308000 usd
CY2021Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4514000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
9836000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
8324000 usd
CY2022Q2 us-gaap Deposit Assets
DepositAssets
98000000.0 usd
CY2021Q4 us-gaap Deposit Assets
DepositAssets
90700000 usd
CY2022Q2 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
73601000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
102773000 usd
CY2022Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
7195000 usd
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
5556000 usd
CY2022Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
17084000 usd
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
37297000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
31437000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26264000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19725000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21038000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
24084000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
538000 usd
CY2021Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3216000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4663000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
7002000 usd
CY2022Q2 mth Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
150525000 usd
CY2021Q4 mth Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
115214000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
24084000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
26171000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
22930000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
24002000 usd
CY2022Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
326856000 usd
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
337277000 usd
mth Warranty Period Following Home Closings
WarrantyPeriodFollowingHomeClosings
P10Y
CY2022Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26667000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 usd
CY2021Q2 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
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
31437000 usd
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
25065000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
31437000 usd
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
25065000 usd
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
56710000 usd
CY2022Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
61459000 usd
CY2022Q2 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
1527013000 usd
CY2021Q4 mth Inventory Sold Homes Under Construction
InventorySoldHomesUnderConstruction
1039822000 usd
CY2022Q2 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
748845000 usd
CY2021Q4 mth Inventory Unsold Homes Completed And Under Construction
InventoryUnsoldHomesCompletedAndUnderConstruction
484999000 usd
CY2022Q2 mth Inventory Model Homes
InventoryModelHomes
89539000 usd
CY2021Q4 mth Inventory Model Homes
InventoryModelHomes
81049000 usd
CY2022Q2 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
2108665000 usd
CY2021Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
2128538000 usd
CY2022Q2 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
4474062000 usd
CY2021Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
3734408000 usd
CY2022Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
59082000 usd
CY2021Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
57540000 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
CY2022Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
15171000 usd
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
16321000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
30384000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
32413000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
-0 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
77000 usd
us-gaap Interest Expense
InterestExpense
41000 usd
us-gaap Interest Expense
InterestExpense
167000 usd
CY2022Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
12794000 usd
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
17074000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
25137000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
34476000 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
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.82
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
12.69
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.93
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.77
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.36
CY2022Q2 mth Land Under Purchase Contracts And Options Recorded Number Of Lots
LandUnderPurchaseContractsAndOptionsRecordedNumberOfLots
1 pure
CY2022Q2 mth Land Under Purchase Contracts And Options Recorded
LandUnderPurchaseContractsAndOptionsRecorded
8011000 usd
CY2022Q2 mth Land Under Purchase Contracts And Options Recorded Cash Deposits
LandUnderPurchaseContractsAndOptionsRecordedCashDeposits
801000 usd
CY2022Q2 mth Land Under Option Contracts Not Recorded Nonrefundable Committed Number Of Lots
LandUnderOptionContractsNotRecordedNonrefundableCommittedNumberOfLots
11991 pure
CY2022Q2 mth Land Under Option Contracts Not Recorded Nonrefundable Committed
LandUnderOptionContractsNotRecordedNonrefundableCommitted
644294000 usd
CY2022Q2 mth Land Under Option Contracts Not Recorded Nonrefundable Committed Cash Deposits
LandUnderOptionContractsNotRecordedNonrefundableCommittedCashDeposits
64290000 usd
CY2022Q2 mth Land Under Purchase Contracts Not Recorded Nonrefundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedNonrefundableCommittedNumberOfLots
10880 pure
CY2022Q2 mth Land Under Purchase Contracts Not Recorded Nonrefundable Committed
LandUnderPurchaseContractsNotRecordedNonrefundableCommitted
302555000 usd
CY2022Q2 mth Land Under Purchase Contracts Not Recorded Nonrefundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedNonrefundableCommittedCashDeposits
22712000 usd
CY2022Q2 mth Land Under Purchase Contracts Not Recorded Refundable Committed Number Of Lots
LandUnderPurchaseContractsNotRecordedRefundableCommittedNumberOfLots
1450 usd
CY2022Q2 mth Land Under Purchase Contracts Not Recorded Refundable Committed
LandUnderPurchaseContractsNotRecordedRefundableCommitted
35228000 usd
CY2022Q2 mth Land Under Purchase Contracts Not Recorded Refundable Committed Cash Deposits
LandUnderPurchaseContractsNotRecordedRefundableCommittedCashDeposits
1477000 usd
CY2022Q2 mth Land Under Purchase And Option Contracts Committed Number Of Lots
LandUnderPurchaseAndOptionContractsCommittedNumberOfLots
24322 pure
CY2022Q2 mth Land Under Purchase And Option Contracts Committed
LandUnderPurchaseAndOptionContractsCommitted
990088000 usd
CY2022Q2 mth Land Under Purchase And Option Contracts Committed Cash Deposits
LandUnderPurchaseAndOptionContractsCommittedCashDeposits
89280000 usd
CY2022Q2 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted Number Of Lots
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommittedNumberOfLots
26541 pure
CY2022Q2 mth Land Under Purchase And Option Contracts Not Recorded Refundable Uncommitted
LandUnderPurchaseAndOptionContractsNotRecordedRefundableUncommitted
877421000 usd
CY2022Q2 mth Land Under Purchase And Options Contracts Not Recorded Refundable Uncommitted Cash Deposits
LandUnderPurchaseAndOptionsContractsNotRecordedRefundableUncommittedCashDeposits
9488000 usd
CY2022Q2 mth Land Under Purchase And Option Contracts Number Of Lots
LandUnderPurchaseAndOptionContractsNumberOfLots
50863 pure
CY2022Q2 mth Land Under Purchase And Option Contracts
LandUnderPurchaseAndOptionContracts
1867509000 usd
CY2022Q2 mth Land Under Purchase And Option Contracts Cash Deposits
LandUnderPurchaseAndOptionContractsCashDeposits
98768000 usd
CY2022Q2 mth Land Under Option Contract Not Recorded Number Of Lots
LandUnderOptionContractNotRecordedNumberOfLots
50862 pure
CY2022Q2 us-gaap Land Under Purchase Options Not Recorded
LandUnderPurchaseOptionsNotRecorded
1859498000 usd
CY2022Q2 mth Land Under Option Contract Not Recorded Cash Deposits
LandUnderOptionContractNotRecordedCashDeposits
97967000 usd
CY2022Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
12.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.80
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-18200000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36647000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37818000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36820000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37731000
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
315000
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
559000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
419000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
626000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36962000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38377000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37239000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38357000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
250084000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
167389000 usd
us-gaap Net Income Loss
NetIncomeLoss
467338000 usd
us-gaap Net Income Loss
NetIncomeLoss
299232000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
33000000.0 usd
CY2021Q4 us-gaap Goodwill
Goodwill
32962000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2022Q2 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
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 Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-19161000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
2628144000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4070000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3223000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10045000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8590000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
38340000 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
P2Y1M17D
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y11M19D
mth Sharebased Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
SharebasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
816513
CY2021 mth Sharebased Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
SharebasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
883280
CY2022Q2 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
67118000 usd
CY2021Q2 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
38713000 usd
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
123463000 usd
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
67826000 usd
CY2022Q2 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
14493000 usd
CY2021Q2 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
9549000 usd
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
26777000 usd
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
14570000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
81611000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48262000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
150240000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
82396000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.246 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243 pure
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.224 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.216 pure
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
0 usd
CY2022Q2 us-gaap Income Tax Receivable
IncomeTaxReceivable
0 usd
mth Interest Paid Net Of Interest Capitalized
InterestPaidNetOfInterestCapitalized
-1282000 usd
mth Interest Paid Net Of Interest Capitalized
InterestPaidNetOfInterestCapitalized
227000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
168464000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
83127000 usd
mth Increase Decrease In Real Estate Acquired Through Notes Payable
IncreaseDecreaseInRealEstateAcquiredThroughNotesPayable
9861000 usd
mth Increase Decrease In Real Estate Acquired Through Notes Payable
IncreaseDecreaseInRealEstateAcquiredThroughNotesPayable
2198000 usd
mth Number Of Business Segments
NumberOfBusinessSegments
2 pure
CY2022Q2 us-gaap Interest Expense
InterestExpense
-0 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
77000 usd
us-gaap Interest Expense
InterestExpense
41000 usd
us-gaap Interest Expense
InterestExpense
167000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-458000 usd
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1377000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-775000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2175000 usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-18188000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-18188000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
331695000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
215651000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
617578000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
381628000 usd
CY2022Q2 us-gaap Deposit Assets
DepositAssets
97967000 usd
CY2022Q2 us-gaap Inventory Real Estate
InventoryRealEstate
4474062000 usd
CY2022Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
11223000 usd
CY2022Q2 us-gaap Other Assets
OtherAssets
724471000 usd
CY2022Q2 us-gaap Assets
Assets
5307723000 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
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
31400000 usd

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