2024 Q1 Form 10-K Financial Statement

#000095017024017842 Filed on February 21, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.700B $2.020B $7.418B
YoY Change 2.28% -18.95% -9.81%
Cost Of Revenue $1.283B $1.528B $5.623B
YoY Change 1.63% -19.26% -8.31%
Gross Profit $416.8M $492.1M $1.795B
YoY Change 4.32% -17.96% -14.22%
Gross Profit Margin 24.52% 24.36% 24.2%
Selling, General & Admin $170.2M $188.2M $698.7M
YoY Change 7.01% 8.57% 8.63%
% of Gross Profit 40.82% 38.25% 38.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.25M $9.706M $33.41M
YoY Change 44.63% 15.67% -1.28%
% of Gross Profit 2.46% 1.97% 1.86%
Operating Expenses $170.8M $203.3M $717.4M
YoY Change 7.38% -6.15% 11.53%
Operating Profit $246.1M $288.8M $1.077B
YoY Change 2.3% -24.63% -25.65%
Interest Expense $2.794M $2.272M $21.33M
YoY Change -8.09% -115.1% -166.97%
% of Operating Profit 1.14% 0.79% 1.98%
Other Income/Expense, Net -$552.0K -$74.99M
YoY Change -109.29% 33.5%
Pretax Income $248.9M $225.3M $1.018B
YoY Change 0.19% -38.88% -26.91%
Income Tax $57.72M $52.09M $248.1M
% Of Pretax Income 23.19% 23.13% 24.37%
Net Earnings $190.3M $172.6M $768.9M
YoY Change -0.41% -37.32% -26.96%
Net Earnings / Revenue 11.19% 8.54% 10.37%
Basic Earnings Per Share $1.79 $7.09
Diluted Earnings Per Share $1.75 $1.58 $6.98
COMMON SHARES
Basic Shares Outstanding 106.4M 107.4M 108.4M
Diluted Shares Outstanding 108.6M shares 110.1M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $554.3M $798.6M $798.6M
YoY Change -36.85% 10.23% 10.23%
Cash & Equivalents $554.3M $798.6M $798.6M
Short-Term Investments
Other Short-Term Assets $287.5M $290.9M $290.9M
YoY Change 27.56% 109.67% 382.41%
Inventory $5.985B $5.545B $5.545B
Prepaid Expenses $41.31M
Receivables
Other Receivables
Total Short-Term Assets $7.017B $6.819B $6.819B
YoY Change 5.8% 4.1% 7.44%
LONG-TERM ASSETS
Property, Plant & Equipment $373.6M $370.3M $370.3M
YoY Change 75.11% 82.97% 26.46%
Goodwill $663.2M $663.2M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $569.0M $549.4M $549.4M
YoY Change 8.83% 0.58% 0.58%
Other Assets $287.6M $269.7M $269.7M
YoY Change 10.36% -35.19% -35.19%
Total Long-Term Assets $1.893B $1.853B $1.853B
YoY Change 8.56% -3.49% -12.76%
TOTAL ASSETS
Total Short-Term Assets $7.017B $6.819B $6.819B
Total Long-Term Assets $1.893B $1.853B $1.853B
Total Assets $8.910B $8.672B $8.672B
YoY Change 6.38% 2.38% 2.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $276.1M $263.5M $263.5M
YoY Change 11.38% -2.33% -2.33%
Accrued Expenses $494.5M $634.1M $634.1M
YoY Change 6.36% 18.02% 18.02%
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 $1.174B $1.224B $1.224B
YoY Change 3.91% 0.37% 0.37%
LONG-TERM LIABILITIES
Long-Term Debt $2.093B $2.017B $2.017B
YoY Change -9.05% -18.79% -18.79%
Other Long-Term Liabilities $216.6M $99.06M $99.06M
YoY Change 121.24% -18.05% -18.05%
Total Long-Term Liabilities $2.310B $2.116B $2.116B
YoY Change -3.74% -18.76% -18.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.174B $1.224B $1.224B
Total Long-Term Liabilities $2.310B $2.116B $2.116B
Total Liabilities $3.502B $3.340B $3.340B
YoY Change -0.78% -12.66% -13.04%
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 $5.408B $5.332B $5.332B
YoY Change
Total Liabilities & Shareholders Equity $8.910B $8.672B $8.672B
YoY Change 6.38% 2.38% 2.38%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $190.3M $172.6M $768.9M
YoY Change -0.41% -37.32% -26.96%
Depreciation, Depletion And Amortization $10.25M $9.706M $33.41M
YoY Change 44.63% 15.67% -1.28%
Cash From Operating Activities -$130.7M $255.6M $806.2M
YoY Change -137.63% -60.55% -27.23%
INVESTING ACTIVITIES
Capital Expenditures $9.111M -$13.57M $33.43M
YoY Change -34.01% -267.52% 9.3%
Acquisitions
YoY Change
Other Investing Activities -$23.94M -$16.67M -$63.77M
YoY Change 122.19% -238.53% -506.12%
Cash From Investing Activities -$33.05M -$3.091M -$97.19M
YoY Change 34.45% -178.71% 553.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -85.92M -60.01M -628.5M
YoY Change -47.95% -76.46% -47.74%
NET CHANGE
Cash From Operating Activities -130.7M 255.6M 806.2M
Cash From Investing Activities -33.05M -3.091M -97.19M
Cash From Financing Activities -85.92M -60.01M -628.5M
Net Change In Cash -249.7M 192.5M 80.46M
YoY Change -258.24% -51.5% -173.35%
FREE CASH FLOW
Cash From Operating Activities -$130.7M $255.6M $806.2M
Capital Expenditures $9.111M -$13.57M $33.43M
Free Cash Flow -$139.8M $269.1M $772.7M
YoY Change -141.92% -57.93% -28.26%

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CY2021 tmhc Proceeds From Revolving Credit Facility
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CY2021 us-gaap Income Taxes Paid Net
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CY2022 tmhc Increase Decrease In Loans Payable Issued To Sellers In Connection With Land Purchase Contracts
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CY2021 tmhc Increase Decrease In Loans Payable Issued To Sellers In Connection With Land Purchase Contracts
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CY2023 tmhc Noncash Investing And Financing Activities Increase Decrease In Inventory Not Owned
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CY2022 tmhc Noncash Investing And Financing Activities Increase Decrease In Inventory Not Owned
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CY2021 tmhc Noncash Investing And Financing Activities Increase Decrease In Inventory Not Owned
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CY2022 us-gaap Transfer To Investments
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CY2021 us-gaap Transfer To Investments
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0
CY2022 tmhc Impairment In Unconsolidated Joint Ventures
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CY2021 tmhc Impairment In Unconsolidated Joint Ventures
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CY2023 tmhc Non Cash Distributions Contributions From Non Controlling Interests
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0
CY2022 tmhc Non Cash Distributions Contributions From Non Controlling Interests
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CY2021 tmhc Non Cash Distributions Contributions From Non Controlling Interests
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CY2022 tmhc Stock Issued During Period Value Warrant Exercise
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CY2021 tmhc Stock Issued During Period Value Warrant Exercise
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CY2023 us-gaap Asset Impairment Charges
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CY2021 us-gaap Asset Impairment Charges
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CY2023 us-gaap Use Of Estimates
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<p style="font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#231f20;white-space:pre-wrap;font-weight:bold;font-size:9pt;font-family:Arial;min-width:fit-content;">Use of Estimates </span><span style="color:#231f20;white-space:pre-wrap;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 Consolidated financial statements and accompanying notes. Significant estimates include real estate development costs to complete, valuation of real estate, valuation of goodwill, valuation of estimated 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>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#231f20;white-space:pre-wrap;font-weight:bold;font-size:9pt;font-family:Arial;min-width:fit-content;">Concentration of Credit Risk </span><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">— Financial instruments that potentially subject us to concentrations of credit risk are primarily cash and cash equivalents and mortgage loans held for sale. Cash and cash equivalents include amounts on deposit with financial institutions in the U.S. that are in excess of the Federal Deposit Insurance Corporation federally insured limits of up to $250,000. Of the different types of mortgage loans held for sale, there was no concentration of mortgage loans with any one borrower for the year ended December 31, 2023. No material losses have been experienced to date.</span></p><p style="font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">In addition, the Company is exposed to credit risk to the extent that borrowers may fail to meet their contractual obligations. This risk is mitigated by collateralizing the home sold with a mortgage, and entering into forward commitments to sell our mortgage loans held for sale, generally within 30 days of origination.</span></p>
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
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CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.073
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.073
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CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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29200000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
20700000
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1300000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1300000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1300000
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
22800000
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
25400000
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
15900000
CY2023 tmhc Finance Lease Expense
FinanceLeaseExpense
2000000
CY2022 tmhc Finance Lease Expense
FinanceLeaseExpense
2000000
CY2021 tmhc Finance Lease Expense
FinanceLeaseExpense
2000000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
22674000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1309000
CY2023Q4 tmhc Lessee Operating And Finance Lease Liability To Be Paid Year One
LesseeOperatingAndFinanceLeaseLiabilityToBePaidYearOne
23983000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16741000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1300000
CY2023Q4 tmhc Lessee Operating And Finance Lease Liability To Be Paid Year Two
LesseeOperatingAndFinanceLeaseLiabilityToBePaidYearTwo
18041000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11548000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1300000
CY2023Q4 tmhc Lessee Operating And Finance Lease Liability To Be Paid Year Three
LesseeOperatingAndFinanceLeaseLiabilityToBePaidYearThree
12848000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8285000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1300000
CY2023Q4 tmhc Lessee Operating And Finance Lease Liability To Be Paid Year Four
LesseeOperatingAndFinanceLeaseLiabilityToBePaidYearFour
9585000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4275000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1300000
CY2023Q4 tmhc Lessee Operating And Finance Lease Liability To Be Paid Year Five
LesseeOperatingAndFinanceLeaseLiabilityToBePaidYearFive
5575000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4309000
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
257386000
CY2023Q4 tmhc Lessee Operating And Finance Lease Liability To Be Paid After Year Five
LesseeOperatingAndFinanceLeaseLiabilityToBePaidAfterYearFive
261695000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
67832000
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
263895000
CY2023Q4 tmhc Lessee Operating And Finance Lease Liability To Be Paid
LesseeOperatingAndFinanceLeaseLiabilityToBePaid
331727000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7096000
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
239632000
CY2023Q4 tmhc Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
246728000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
60737000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
24262000
CY2023Q4 tmhc Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
84999000
CY2023 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2022 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
4700000
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
41311000
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
45872000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
104210000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
154279000
CY2023Q4 tmhc Build To Rent Assets
BuildToRentAssets
145405000
CY2022Q4 tmhc Build To Rent Assets
BuildToRentAssets
65241000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
290925000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
265392000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
768929000
CY2023 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<p style="font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#231f20;white-space:pre-wrap;font-weight:bold;font-size:9pt;font-family:Arial;min-width:fit-content;">Property and Equipment, net </span><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">— Property and equipment are recorded at cost, less accumulated depreciation. Depreciation is generally computed using the straight-line basis over the estimated useful lives of the assets as follows:</span></p><p style="margin-left:3.333%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">Buildings: </span><span style="font-size:9pt;font-family:Arial;"><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">20</span></span><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;"> – </span><span style="font-size:9pt;font-family:Arial;"><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">40</span></span><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;"> years</span></p><p style="margin-left:3.333%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">Building and leasehold improvements: </span><span style="font-size:9pt;font-family:Arial;"><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">10</span></span><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;"> years or remaining life of building/lease term if less than 10 years</span></p><p style="margin-left:3.333%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">Information systems: over the term of the license</span></p><p style="margin-left:3.333%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">Furniture, fixtures and computer and equipment: </span><span style="font-size:9pt;font-family:Arial;"><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">5</span></span><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;"> – </span><span style="font-size:9pt;font-family:Arial;"><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">7</span></span><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;"> years</span></p><p style="margin-left:3.333%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">Model and sales office improvements: lesser of </span><span style="font-size:9pt;font-family:Arial;"><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">3</span></span><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;"> years or the life of the community</span></p><p style="font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">Maintenance and repair costs are expensed as incurred.</span></p><p style="font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">Depreciation expense was</span><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;"> $</span><span style="font-size:9pt;font-family:Arial;color:#231f20;white-space:pre-wrap;min-width:fit-content;">9.0</span><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;"> million,</span><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;"> $</span><span style="font-size:9pt;font-family:Arial;color:#231f20;white-space:pre-wrap;min-width:fit-content;">7.6</span><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;"> million, and $</span><span style="font-size:9pt;font-family:Arial;color:#231f20;white-space:pre-wrap;min-width:fit-content;">7.5</span><span style="color:#231f20;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;"> million, respectively, for the years ended December 31, 2023, 2022, and 2021. Depreciation expense is recorded in General and administrative expenses in the Consolidated statement of operations.</span></p>
CY2023 us-gaap Depreciation
Depreciation
9000000
CY2022 us-gaap Depreciation
Depreciation
7600000
CY2021 us-gaap Depreciation
Depreciation
7500000
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023 tmhc Insurance Coverage Period
InsuranceCoveragePeriod
P10Y
CY2023 tmhc Warranty Coverage Period Workmanship Or Materials
WarrantyCoveragePeriodWorkmanshipOrMaterials
P1Y
CY2023 tmhc Warranty Coverage Period Systems
WarrantyCoveragePeriodSystems
P2Y
CY2023 tmhc Warranty Coverage Period Structural Defects
WarrantyCoveragePeriodStructuralDefects
P10Y
CY2022 us-gaap Net Income Loss
NetIncomeLoss
1052800000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
663026000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108424000
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
13200000
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
13600000
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
11300000
CY2023 us-gaap Advertising Expense
AdvertisingExpense
28700000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
33900000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
30400000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114982000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126077000
CY2023 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
925000
CY2022 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
707000
CY2021 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
920000
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
796000
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
532000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
771000
CY2021 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
251000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110145000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116221000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128019000
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.09
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
9.16
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.26
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.98
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
9.06
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.18
CY2023Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
3855534000
CY2022Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
3607227000
CY2023Q4 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
29317000
CY2022Q4 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
43314000
CY2023Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1414528000
CY2022Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1506241000
CY2023Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
174449000
CY2022Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
190123000
CY2023Q4 tmhc Inventory Real Estate Owned
InventoryRealEstateOwned
5473828000
CY2022Q4 tmhc Inventory Real Estate Owned
InventoryRealEstateOwned
5346905000
CY2023Q4 tmhc Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
71618000
CY2022Q4 tmhc Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
23971000
CY2023Q4 us-gaap Inventory Real Estate
InventoryRealEstate
5545446000
CY2022Q4 us-gaap Inventory Real Estate
InventoryRealEstate
5370876000
CY2023Q4 tmhc Number Of Lots Under Option
NumberOfLotsUnderOption
38285
CY2022Q4 tmhc Number Of Lots Under Option
NumberOfLotsUnderOption
38373
CY2023Q4 tmhc Total Number Of Owned And Controlled Lots
TotalNumberOfOwnedAndControlledLots
72362
CY2022Q4 tmhc Total Number Of Owned And Controlled Lots
TotalNumberOfOwnedAndControlledLots
74787
CY2023Q4 tmhc Number Of Homes In Inventory
NumberOfHomesInInventory
7867
CY2022Q4 tmhc Number Of Homes In Inventory
NumberOfHomesInInventory
7653
CY2022Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
190123000
CY2021Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
168670000
CY2020Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
163780000
CY2023 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
119196000
CY2022 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
159913000
CY2021 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
154623000
CY2023 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
134870000
CY2022 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
138460000
CY2021 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
149733000
CY2023Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
174449000
CY2022Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
190123000
CY2021Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
168670000
CY2022 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
14500000
CY2023Q4 tmhc Real Estate Land And Land Development Costs
RealEstateLandAndLandDevelopmentCosts
46114000
CY2022Q4 tmhc Real Estate Land And Land Development Costs
RealEstateLandAndLandDevelopmentCosts
53155000
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
149095000
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
112294000
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
184448000
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
161675000
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
31042000
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
37434000
CY2023Q4 tmhc Accrued Property And Sales Tax
AccruedPropertyAndSalesTax
30887000
CY2022Q4 tmhc Accrued Property And Sales Tax
AccruedPropertyAndSalesTax
30046000
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
107488000
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
95649000
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
549074000
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
490253000
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
7800000
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
161675000
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
141839000
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
118116000
CY2023 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
83226000
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
76643000
CY2021 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
77827000
CY2023 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
80646000
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
76994000
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
67704000
CY2023 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
20193000
CY2022 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
20187000
CY2021 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
13600000
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
184448000
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
161675000
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
141839000
CY2023 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
14800000
CY2023 tmhc Reduction In Diluted Share
ReductionInDilutedShare
0.1
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2025477000
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
8375000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2017102000
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
CY2023Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
153464000
CY2023Q4 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
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
357962000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
103790000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
64904000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
547456000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
451263000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
500102000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2025477000
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
196464000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
203119000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
73087000
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
51009000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
48134000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
23493000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
247473000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
251253000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
96580000
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2023 us-gaap Deferred Other Tax Expense Benefit
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CY2022 us-gaap Deferred Other Tax Expense Benefit
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CY2021 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.039
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.038
CY2023 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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-0.003
CY2022 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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-0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.002
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
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0.013
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
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0.014
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.006
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.004
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.002
CY2023 tmhc Effective Income Tax Rate Reconciliation Nondeductible Expenses Excess Share Based Payment Arrangement Percent
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-0.005
CY2021 tmhc Effective Income Tax Rate Reconciliation Nondeductible Expenses Excess Share Based Payment Arrangement Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpensesExcessShareBasedPaymentArrangementPercent
0
CY2023 tmhc Effective Income Tax Rate Reconciliation Nondeductible Expenses Excess Share Based Payment Arrangement Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpensesExcessShareBasedPaymentArrangementPercent
0
CY2023 tmhc Effective Income Tax Rate Reconciliation Cares Act Percent
EffectiveIncomeTaxRateReconciliationCaresActPercent
0
CY2022 tmhc Effective Income Tax Rate Reconciliation Cares Act Percent
EffectiveIncomeTaxRateReconciliationCaresActPercent
0
CY2021 tmhc Effective Income Tax Rate Reconciliation Cares Act Percent
EffectiveIncomeTaxRateReconciliationCaresActPercent
-0.013
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.006
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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0.244
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.242
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.209
CY2023Q4 us-gaap Deferred Tax Assets Inventory
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41660000
CY2022Q4 us-gaap Deferred Tax Assets Inventory
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62990000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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58864000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
48391000
CY2023Q4 us-gaap Deferred Tax Assets Other
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0
CY2022Q4 us-gaap Deferred Tax Assets Other
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5425000
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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54845000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
62150000
CY2023Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
0
CY2022Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
36054000
CY2023Q4 us-gaap Deferred Tax Assets Gross
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155369000
CY2022Q4 us-gaap Deferred Tax Assets Gross
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215010000
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
8414000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
10632000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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0
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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36054000
CY2023Q4 us-gaap Deferred Tax Liabilities Other
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-2274000
CY2022Q4 us-gaap Deferred Tax Liabilities Other
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0
CY2023Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
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76856000
CY2022Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
100668000
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
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67825000
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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67656000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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36100000
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2023Q4 us-gaap Common Stock Shares Authorized
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400000000
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.00001
CY2023Q4 us-gaap Preferred Stock Shares Authorized
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50000000
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2023Q4 us-gaap Stock Repurchase Program Authorized Amount1
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500000000
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
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500000000
CY2022Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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279138000
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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230413000
CY2023 tmhc Stock Repurchase Program Amount Expired
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156690000
CY2022 tmhc Stock Repurchase Program Amount Expired
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75000000
CY2023 tmhc Stock Repurchase Program Additional Amount Authorized For Repurchase
StockRepurchaseProgramAdditionalAmountAuthorizedForRepurchase
500000000
CY2022 tmhc Stock Repurchase Program Additional Amount Authorized For Repurchase
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500000000
CY2023 us-gaap Treasury Stock Shares Acquired
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2814956
CY2022 us-gaap Treasury Stock Shares Acquired
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14568364
CY2023 us-gaap Treasury Stock Value Acquired Cost Method
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127959000
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
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376275000
CY2023Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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494489000
CY2022Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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279138000
CY2023Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
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500000000
CY2022Q3 tmhc Percentage Of Execise Tax On Net Repurchase Of Stock
PercentageOfExeciseTaxOnNetRepurchaseOfStock
0.01
CY2023 us-gaap Allocated Share Based Compensation Expense
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26095000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26901000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19943000
CY2023 tmhc Share Based Compensation By Share Based Payment Award Unamortized Compensation Expense
ShareBasedCompensationByShareBasedPaymentAwardUnamortizedCompensationExpense
26500000
CY2022 tmhc Share Based Compensation By Share Based Payment Award Unamortized Compensation Expense
ShareBasedCompensationByShareBasedPaymentAwardUnamortizedCompensationExpense
27100000
CY2021 tmhc Share Based Compensation By Share Based Payment Award Unamortized Compensation Expense
ShareBasedCompensationByShareBasedPaymentAwardUnamortizedCompensationExpense
26500000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3273258
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.35
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3165612
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.02
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3772775
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.73
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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359768
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
29.3
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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712910
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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20.69
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
19.37
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
126368
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
28.29
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
88528
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
24.64
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
115790
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
21.53
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2254142
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
26.84
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3273258
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.35
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3165612
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.02
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1133734
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
23.48
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1775881
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
20.5
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1407618
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
19.12
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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7861000
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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7712000
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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7515000
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y6M
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y4M24D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y7M6D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P4Y9M18D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y2M12D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y3M18D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5087
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3046
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2465
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.039
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0191
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0075
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.5
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.94
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.45
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
59758000
CY2021Q4 tmhc Real Estate Inventory And Land Deposits
RealEstateInventoryAndLandDeposits
5729056000
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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171406000
CY2021Q4 us-gaap Other Assets
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CY2021Q4 us-gaap Assets
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
21439000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
38190000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
33861000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
15385000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
18897000
CY2023 tmhc Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value Per Share
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValuePerShare
53.35
CY2023 tmhc Number Of Reportable Segments Included In Operating Component
NumberOfReportableSegmentsIncludedInOperatingComponent
3
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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7417831000
CY2023 us-gaap Gross Profit
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1783073000
CY2023 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
698707000
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8757000
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-74990000
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-295000
CY2023 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
1017838000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8224917000
CY2022 us-gaap Gross Profit
GrossProfit
2092366000
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
643212000
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-14184000
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-56171000
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
13876000
CY2022 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
1392675000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7501265000
CY2021 us-gaap Gross Profit
GrossProfit
1547881000
CY2021 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
668342000
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11130000
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-27561000
CY2021 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
863108000
CY2023Q4 tmhc Real Estate Inventory And Land Deposits
RealEstateInventoryAndLandDeposits
5748663000
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
346192000
CY2023Q4 us-gaap Other Assets
OtherAssets
2577232000
CY2023Q4 us-gaap Assets
Assets
8672087000
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
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1300000000
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1200000000
CY2023Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
26200000
CY2022Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
20600000
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
3566000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
3476000
CY2023Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
242600000
CY2022Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
419600000

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