$TMHC
Taylor Morrison Home Corp

2023 Q4 Form 10-Q Financial Statement

#000095017023055220 Filed on October 25, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $2.020B $1.676B
YoY Change -18.95% -17.65%
Cost Of Revenue $1.528B $1.284B
YoY Change -19.26% -13.06%
Gross Profit $492.1M $391.7M
YoY Change -17.96% -29.79%
Gross Profit Margin 24.36% 23.38%
Selling, General & Admin $188.2M $167.8M
YoY Change 8.57% 14.11%
% of Gross Profit 38.25% 42.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.706M $9.200M
YoY Change 15.67% 19.64%
% of Gross Profit 1.97% 2.35%
Operating Expenses $203.3M $167.8M
YoY Change -6.15% 14.11%
Operating Profit $288.8M $223.9M
YoY Change -24.63% -45.5%
Interest Expense $2.272M $7.700M
YoY Change -115.1% -238.44%
% of Operating Profit 0.79% 3.44%
Other Income/Expense, Net $2.814M
YoY Change -127.77%
Pretax Income $225.3M $228.4M
YoY Change -38.88% -42.85%
Income Tax $52.09M $57.96M
% Of Pretax Income 23.13% 25.38%
Net Earnings $172.6M $170.7M
YoY Change -37.32% -44.9%
Net Earnings / Revenue 8.54% 10.19%
Basic Earnings Per Share $1.57
Diluted Earnings Per Share $1.58 $1.54
COMMON SHARES
Basic Shares Outstanding 107.4M 109.4M
Diluted Shares Outstanding 110.6M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $798.6M $613.8M
YoY Change 10.23% 86.43%
Cash & Equivalents $798.6M $613.8M
Short-Term Investments
Other Short-Term Assets $290.9M $305.6M
YoY Change 109.67% 61.98%
Inventory $5.545B $5.480B
Prepaid Expenses $41.31M
Receivables
Other Receivables
Total Short-Term Assets $6.819B $6.589B
YoY Change 4.1% -1.54%
LONG-TERM ASSETS
Property, Plant & Equipment $370.3M $262.7M
YoY Change 82.97% 17.48%
Goodwill $663.2M $663.2M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $549.4M $535.9M
YoY Change 0.58% -10.15%
Other Assets $269.7M $310.2M
YoY Change -35.19% -0.92%
Total Long-Term Assets $1.853B $1.848B
YoY Change -3.49% -2.84%
TOTAL ASSETS
Total Short-Term Assets $6.819B $6.589B
Total Long-Term Assets $1.853B $1.848B
Total Assets $8.672B $8.437B
YoY Change 2.38% -1.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $263.5M $272.8M
YoY Change -2.33% 3.26%
Accrued Expenses $634.1M $529.8M
YoY Change 18.02% -3.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.224B $1.183B
YoY Change 0.37% -10.72%
LONG-TERM LIABILITIES
Long-Term Debt $2.017B $1.992B
YoY Change -18.79% -27.03%
Other Long-Term Liabilities $99.06M $86.50M
YoY Change -18.05% -6.68%
Total Long-Term Liabilities $2.116B $2.079B
YoY Change -18.76% -26.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.224B $1.183B
Total Long-Term Liabilities $2.116B $2.079B
Total Liabilities $3.340B $3.262B
YoY Change -12.66% -22.16%
SHAREHOLDERS EQUITY
Retained Earnings $3.511B
YoY Change 28.05%
Common Stock $1.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.265B
YoY Change 11.25%
Treasury Stock Shares
Shareholders Equity $5.332B $5.158B
YoY Change
Total Liabilities & Shareholders Equity $8.672B $8.437B
YoY Change 2.38% -1.82%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $172.6M $170.7M
YoY Change -37.32% -44.9%
Depreciation, Depletion And Amortization $9.706M $9.200M
YoY Change 15.67% 19.64%
Cash From Operating Activities $255.6M -$56.50M
YoY Change -60.55% -121.36%
INVESTING ACTIVITIES
Capital Expenditures -$13.57M $26.00M
YoY Change -267.52% -368.68%
Acquisitions
YoY Change
Other Investing Activities -$16.67M -$23.30M
YoY Change -238.53% 74.89%
Cash From Investing Activities -$3.091M -$49.30M
YoY Change -178.71% 114.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -60.01M -507.6M
YoY Change -76.46% 74.45%
NET CHANGE
Cash From Operating Activities 255.6M -56.50M
Cash From Investing Activities -3.091M -49.30M
Cash From Financing Activities -60.01M -507.6M
Net Change In Cash 192.5M -613.4M
YoY Change -51.5% 1139.92%
FREE CASH FLOW
Cash From Operating Activities $255.6M -$56.50M
Capital Expenditures -$13.57M $26.00M
Free Cash Flow $269.1M -$82.50M
YoY Change -57.93% -130.09%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Amendment Flag
AmendmentFlag
false
dei Entity Central Index Key
EntityCentralIndexKey
0001562476
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-35873
dei Entity Registrant Name
EntityRegistrantName
TAYLOR MORRISON HOME CORP
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
83-2026677
dei Entity Address Address Line1
EntityAddressAddressLine1
4900 N. Scottsdale Road
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 2000
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
85251
dei Entity Address City Or Town
EntityAddressCityOrTown
Scottsdale
dei Entity Address State Or Province
EntityAddressStateOrProvince
AZ
dei City Area Code
CityAreaCode
480
dei Local Phone Number
LocalPhoneNumber
840-8100
dei Security12b Title
Security12bTitle
Common Stock, $0.00001 par value
dei Trading Symbol
TradingSymbol
TMHC
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
107448537
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
613811000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
724488000
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
765000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2147000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
614576000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
726635000
CY2023Q3 tmhc Inventory Real Estate Owned
InventoryRealEstateOwned
5479987000
CY2022Q4 tmhc Inventory Real Estate Owned
InventoryRealEstateOwned
5346905000
CY2023Q3 tmhc Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
423000
CY2022Q4 tmhc Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
23971000
CY2023Q3 us-gaap Inventory Real Estate
InventoryRealEstate
5480410000
CY2022Q4 us-gaap Inventory Real Estate
InventoryRealEstate
5370876000
CY2023Q3 us-gaap Deposits Assets
DepositsAssets
206258000
CY2022Q4 us-gaap Deposits Assets
DepositsAssets
263356000
CY2023Q3 us-gaap Trade And Loans Receivables Held For Sale Net Not Part Of Disposal Group
TradeAndLoansReceivablesHeldForSaleNetNotPartOfDisposalGroup
241749000
CY2022Q4 us-gaap Trade And Loans Receivables Held For Sale Net Not Part Of Disposal Group
TradeAndLoansReceivablesHeldForSaleNetNotPartOfDisposalGroup
346364000
CY2023Q3 tmhc Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
76463000
CY2022Q4 tmhc Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
90446000
CY2023Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
305581000
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
265392000
CY2023Q3 us-gaap Other Receivables
OtherReceivables
188723000
CY2022Q4 us-gaap Other Receivables
OtherReceivables
191504000
CY2022Q3 us-gaap Gross Profit
GrossProfit
557940000
CY2023Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
329634000
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
282900000
CY2023Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
67656000
CY2022Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
67656000
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
262671000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
202398000
CY2023Q3 us-gaap Goodwill
Goodwill
663197000
CY2022Q4 us-gaap Goodwill
Goodwill
663197000
CY2023Q3 us-gaap Assets
Assets
8436918000
CY2022Q4 us-gaap Assets
Assets
8470724000
CY2023Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
272830000
CY2022Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
269761000
CY2023Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
487262000
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
490253000
CY2023Q3 tmhc Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
86401000
CY2022Q4 tmhc Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
100174000
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
380544000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
412092000
CY2023Q3 tmhc Estimated Development Liability
EstimatedDevelopmentLiability
42271000
CY2022Q4 tmhc Estimated Development Liability
EstimatedDevelopmentLiability
43753000
CY2023Q3 us-gaap Senior Notes
SeniorNotes
1468255000
CY2022Q4 us-gaap Senior Notes
SeniorNotes
1816303000
CY2023Q3 us-gaap Loans Payable
LoansPayable
332177000
CY2022Q4 us-gaap Loans Payable
LoansPayable
361486000
CY2023Q3 us-gaap Line Of Credit
LineOfCredit
0
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
0
CY2023Q3 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
191645000
CY2022Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
306072000
CY2023Q3 tmhc Liabilities Attributable To Consolidated Option Agreements
LiabilitiesAttributableToConsolidatedOptionAgreements
423000
CY2022Q4 tmhc Liabilities Attributable To Consolidated Option Agreements
LiabilitiesAttributableToConsolidatedOptionAgreements
23971000
CY2023Q3 us-gaap Liabilities
Liabilities
3261808000
CY2022Q4 us-gaap Liabilities
Liabilities
3823865000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5175110000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4646859000
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8436918000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8470724000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1675545000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2034644000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5397966000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5732791000
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
1283827000
CY2022Q3 us-gaap Cost Of Revenue
CostOfRevenue
1476704000
us-gaap Cost Of Revenue
CostOfRevenue
4106997000
us-gaap Cost Of Revenue
CostOfRevenue
4240243000
CY2023Q3 us-gaap Gross Profit
GrossProfit
391718000
us-gaap Gross Profit
GrossProfit
1290969000
us-gaap Gross Profit
GrossProfit
1492548000
CY2023Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
98797000
CY2022Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
94692000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
304591000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
279950000
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
68994000
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
52357000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
205904000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
189905000
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1934000
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1180000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7049000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2986000
CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5782000
CY2022Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-4382000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
12013000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-13823000
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2968000
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5751000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-6683000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4720000
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-269000
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
71000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-269000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
13542000
CY2023Q3 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
228406000
CY2022Q3 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
399649000
us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
792584000
us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
1024146000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
57960000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
90418000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
196005000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
243300000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
170446000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
309231000
us-gaap Profit Loss
ProfitLoss
596579000
us-gaap Profit Loss
ProfitLoss
780846000
CY2023Q3 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
-245000
CY2022Q3 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
-548000
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
235000
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
3377000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
170691000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
309779000
us-gaap Net Income Loss
NetIncomeLoss
596344000
us-gaap Net Income Loss
NetIncomeLoss
777469000
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.57
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.75
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
5.48
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
6.63
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.54
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.72
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
5.4
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
6.56
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108837000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
112701000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108827000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117242000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110622000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113780000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110536000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118438000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5095313000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
170446000
CY2023Q3 tmhc Stock Issued Value Exercise Of Stock Options And Issuance Of Restricted Stock Units Net
StockIssuedValueExerciseOfStockOptionsAndIssuanceOfRestrictedStockUnitsNet
3649000
CY2023Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
100000000
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
5702000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5175110000
CY2023Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3700000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4193895000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
309231000
CY2022Q3 tmhc Stock Issued Value Exercise Of Stock Options And Issuance Of Restricted Stock Units Net
StockIssuedValueExerciseOfStockOptionsAndIssuanceOfRestrictedStockUnitsNet
1512000
CY2022Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
104999000
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
5333000
CY2022Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1515000
CY2022Q3 tmhc Noncontrolling Interest Increase Decrease From Contributions Distributions To Noncontrolling Interest Holders
NoncontrollingInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders
9000
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4403466000
CY2022Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1500000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4646859000
us-gaap Profit Loss
ProfitLoss
596579000
tmhc Stock Issued Value Exercise Of Stock Options And Issuance Of Restricted Stock Units Net
StockIssuedValueExerciseOfStockOptionsAndIssuanceOfRestrictedStockUnitsNet
16733000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
103568000
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
18506000
tmhc Noncontrolling Interest Increase Decrease From Contributions Distributions To Noncontrolling Interest Holders
NoncontrollingInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders
1000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5175110000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
26100000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3970982000
us-gaap Profit Loss
ProfitLoss
780846000
tmhc Stock Issued Value Exercise Of Stock Options And Issuance Of Restricted Stock Units Net
StockIssuedValueExerciseOfStockOptionsAndIssuanceOfRestrictedStockUnitsNet
779000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
335412000
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
17474000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
30443000
tmhc Noncontrolling Interest Increase Decrease From Contributions Distributions To Noncontrolling Interest Holders
NoncontrollingInterestIncreaseDecreaseFromContributionsDistributionsToNoncontrollingInterestHolders
-760000
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4403466000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4400000
us-gaap Profit Loss
ProfitLoss
596579000
us-gaap Profit Loss
ProfitLoss
780846000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7049000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2986000
us-gaap Share Based Compensation
ShareBasedCompensation
18506000
us-gaap Share Based Compensation
ShareBasedCompensation
17474000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-269000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
13542000
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
14508000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
7377000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
5318000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23717000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25448000
us-gaap Operating Lease Expense
OperatingLeaseExpense
19271000
us-gaap Operating Lease Expense
OperatingLeaseExpense
20543000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2574000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1574000
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
0
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-11675000
us-gaap Inventory Write Down
InventoryWriteDown
11791000
us-gaap Inventory Write Down
InventoryWriteDown
0
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
87776000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
610346000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-24081000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-245633000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-31548000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
41707000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-27231000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-82578000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
27757000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
550561000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
459987000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
47042000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22478000
tmhc Distributions Of Capital From Unconsolidated Entities
DistributionsOfCapitalFromUnconsolidatedEntities
733000
tmhc Distributions Of Capital From Unconsolidated Entities
DistributionsOfCapitalFromUnconsolidatedEntities
95517000
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
47795000
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
91846000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-94104000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18807000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
2426000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
33495000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
18367000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
50761000
tmhc Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
0
tmhc Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
182548000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
214077000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2203261000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1783748000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2317688000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2051300000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
350000000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
264935000
tmhc Proceeds From Stock Option Exercises And Issuance Of Restricted Stock Units Net
ProceedsFromStockOptionExercisesAndIssuanceOfRestrictedStockUnitsNet
16733000
tmhc Proceeds From Stock Option Exercises And Issuance Of Restricted Stock Units Net
ProceedsFromStockOptionExercisesAndIssuanceOfRestrictedStockUnitsNet
779000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1313000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1340000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
103568000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
335412000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
30443000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-568516000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-947698000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-112059000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-506518000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
726635000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
836340000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
614576000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
329822000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
154267000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
176683000
tmhc Increase Decrease In Loans Payable Issued To Sellers In Connection With Land Purchase Contracts
IncreaseDecreaseInLoansPayableIssuedToSellersInConnectionWithLandPurchaseContracts
-126903000
tmhc Increase Decrease In Loans Payable Issued To Sellers In Connection With Land Purchase Contracts
IncreaseDecreaseInLoansPayableIssuedToSellersInConnectionWithLandPurchaseContracts
-184458000
tmhc Noncash Investing And Financing Activities Increase Decrease In Inventory Not Owned
NoncashInvestingAndFinancingActivitiesIncreaseDecreaseInInventoryNotOwned
-23548000
tmhc Noncash Investing And Financing Activities Increase Decrease In Inventory Not Owned
NoncashInvestingAndFinancingActivitiesIncreaseDecreaseInInventoryNotOwned
-581000
us-gaap Transfer To Investments
TransferToInvestments
0
us-gaap Transfer To Investments
TransferToInvestments
146649000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0;font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#333333;white-space:pre-wrap;font-weight:bold;font-size:9pt;font-family:Arial;min-width:fit-content;">Use of Estimates</span><span style="color:#333333;white-space:pre-wrap;font-weight:normal;font-size:9pt;font-family:Arial;min-width:fit-content;"> — The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the unaudited Condensed Consolidated Financial Statements and these accompanying notes. Significant estimates include real estate development costs to complete, valuation of real estate, valuation of acquired assets, valuation of goodwill, valuation of development liabilities, valuation of equity awards, valuation allowance on deferred tax assets, and reserves for warranty and self-insured risks. Actual results could differ from those estimates.</span></p>
us-gaap Asset Impairment Charges
AssetImpairmentCharges
3500000
CY2022Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2023Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
170691000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
309779000
us-gaap Net Income Loss
NetIncomeLoss
596344000
us-gaap Net Income Loss
NetIncomeLoss
777469000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108837000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
112701000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108827000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117242000
CY2023Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
940000
CY2022Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
629000
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
895000
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
659000
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
845000
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
450000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
814000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
537000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110622000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113780000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110536000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118438000
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.57
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.75
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.48
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.63
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.54
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.4
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.56
CY2023Q3 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
3758671000
CY2022Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
3607227000
CY2023Q3 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
46528000
CY2022Q4 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
43314000
CY2023Q3 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1487591000
CY2022Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1506241000
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
187197000
CY2022Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
190123000
CY2023Q3 tmhc Inventory Real Estate Owned
InventoryRealEstateOwned
5479987000
CY2022Q4 tmhc Inventory Real Estate Owned
InventoryRealEstateOwned
5346905000
CY2023Q3 tmhc Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
423000
CY2022Q4 tmhc Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
23971000
CY2023Q3 us-gaap Inventory Real Estate
InventoryRealEstate
5480410000
CY2022Q4 us-gaap Inventory Real Estate
InventoryRealEstate
5370876000
CY2023Q3 tmhc Number Of Lots Under Option
NumberOfLotsUnderOption
31469
CY2023Q3 us-gaap Purchase Options Land
PurchaseOptionsLand
2687448000
CY2023Q3 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
203487000
CY2022Q4 tmhc Number Of Lots Under Option
NumberOfLotsUnderOption
30842
CY2022Q4 us-gaap Purchase Options Land
PurchaseOptionsLand
2442389000
CY2022Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
254549000
CY2023Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
191304000
CY2022Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
185364000
CY2022Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
190123000
CY2021Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
168670000
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
28270000
CY2022Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
38871000
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
94452000
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
119415000
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
32377000
CY2022Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
33774000
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
97378000
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
97624000
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
187197000
CY2022Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
190461000
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
187197000
CY2022Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
190461000
CY2023Q3 tmhc Real Estate Land And Land Development Costs
RealEstateLandAndLandDevelopmentCosts
43838000
CY2022Q4 tmhc Real Estate Land And Land Development Costs
RealEstateLandAndLandDevelopmentCosts
53155000
CY2023Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
119193000
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
112294000
CY2023Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
170236000
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
161675000
CY2023Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
24645000
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
37434000
CY2023Q3 tmhc Accrued Property And Sales Tax
AccruedPropertyAndSalesTax
35000000
CY2022Q4 tmhc Accrued Property And Sales Tax
AccruedPropertyAndSalesTax
30046000
CY2023Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
94350000
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
95649000
CY2023Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
487262000
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
490253000
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
160326000
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
137491000
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
161675000
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
141839000
CY2023Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
28076000
CY2022Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2514000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
67411000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
34917000
CY2023Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
18795000
CY2022Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3541000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
62622000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
43743000
CY2023Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
629000
CY2022Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
3527000
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
3772000
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
6978000
CY2023Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
170236000
CY2022Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
139991000
CY2023Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
170236000
CY2022Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
139991000
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2000892000
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
8815000
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
1992077000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2494628000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
10767000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
2483861000
CY2023Q3 us-gaap Line Of Credit
LineOfCredit
0
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
0
CY2023Q3 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
191645000
CY2023Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
360000000
CY2022Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
306072000
CY2022Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
495000000
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.254
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.247
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.226
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.238
tmhc Corporate Alternative Minimum Tax Rate
CorporateAlternativeMinimumTaxRate
0.15
CY2023Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2023Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
275570000
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
425000000
CY2022Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
279138000
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
230413000
CY2023Q3 tmhc Stock Repurchase Program Amount Expired
StockRepurchaseProgramAmountExpired
0
CY2022Q3 tmhc Stock Repurchase Program Amount Expired
StockRepurchaseProgramAmountExpired
0
tmhc Stock Repurchase Program Amount Expired
StockRepurchaseProgramAmountExpired
0
tmhc Stock Repurchase Program Amount Expired
StockRepurchaseProgramAmountExpired
75000000
CY2023Q3 tmhc Stock Repurchase Program Additional Amount Authorized For Repurchase
StockRepurchaseProgramAdditionalAmountAuthorizedForRepurchase
0
CY2022Q3 tmhc Stock Repurchase Program Additional Amount Authorized For Repurchase
StockRepurchaseProgramAdditionalAmountAuthorizedForRepurchase
0
tmhc Stock Repurchase Program Additional Amount Authorized For Repurchase
StockRepurchaseProgramAdditionalAmountAuthorizedForRepurchase
0
tmhc Stock Repurchase Program Additional Amount Authorized For Repurchase
StockRepurchaseProgramAdditionalAmountAuthorizedForRepurchase
500000000
CY2023Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
100000000
CY2022Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
104999000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
103568000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
335412000
CY2023Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
175570000
CY2022Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
320001000
CY2023Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
175570000
CY2022Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
320001000
CY2023Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2169657
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2278982
CY2022Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
4213256
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
12940941
CY2022Q3 tmhc Percentage Of Execise Tax On Net Repurchase Of Stock
PercentageOfExeciseTaxOnNetRepurchaseOfStock
0.01
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5702000
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5333000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18506000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17474000
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
32900000
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
27100000
tmhc Number Of Reportable Segments Included In Operating Component
NumberOfReportableSegmentsIncludedInOperatingComponent
3
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1675545000
CY2023Q3 us-gaap Gross Profit
GrossProfit
391718000
CY2023Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
167791000
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1934000
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2814000
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-269000
CY2023Q3 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
228406000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2034644000
CY2022Q3 us-gaap Gross Profit
GrossProfit
557940000
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
147049000
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1180000
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-10133000
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
71000
CY2022Q3 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
399649000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5397966000
us-gaap Gross Profit
GrossProfit
1290969000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
510495000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7049000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5330000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-269000
us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
792584000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5732791000
us-gaap Gross Profit
GrossProfit
1492548000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
469855000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2986000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-9103000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
13542000
us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
1024146000
CY2023Q3 tmhc Real Estate Inventory And Land Deposits
RealEstateInventoryAndLandDeposits
5686668000
CY2023Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
329634000
CY2023Q3 us-gaap Other Assets
OtherAssets
2420616000
CY2023Q3 us-gaap Assets
Assets
8436918000
CY2022Q4 tmhc Real Estate Inventory And Land Deposits
RealEstateInventoryAndLandDeposits
5634232000
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
282900000
CY2022Q4 us-gaap Other Assets
OtherAssets
2553592000
CY2022Q4 us-gaap Assets
Assets
8470724000
CY2023Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1300000000
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1200000000
CY2023Q3 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
19100000
CY2022Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
20600000
CY2023Q3 tmhc Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
86400000
CY2022Q4 tmhc Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
100200000
CY2023Q3 us-gaap Lease Cost
LeaseCost
5800000
us-gaap Lease Cost
LeaseCost
19300000
CY2022Q3 us-gaap Lease Cost
LeaseCost
6900000
us-gaap Lease Cost
LeaseCost
20500000
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1717000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
3476000
CY2023Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
359900000
CY2022Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
419600000

Files In Submission

Name View Source Status
0000950170-23-055220-index-headers.html Edgar Link pending
0000950170-23-055220-index.html Edgar Link pending
0000950170-23-055220.txt Edgar Link pending
0000950170-23-055220-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tmhc-20230930.htm Edgar Link pending
tmhc-20230930.xsd Edgar Link pending
tmhc-ex10_1.htm Edgar Link pending
tmhc-ex31_1.htm Edgar Link pending
tmhc-ex31_2.htm Edgar Link pending
tmhc-ex32_1.htm Edgar Link pending
tmhc-ex32_2.htm Edgar Link pending
tmhc-20230930_cal.xml Edgar Link unprocessable
tmhc-20230930_def.xml Edgar Link unprocessable
tmhc-20230930_pre.xml Edgar Link unprocessable
tmhc-20230930_lab.xml Edgar Link unprocessable
tmhc-20230930_htm.xml Edgar Link completed