2013 Q1 Form 10-Q Financial Statement
#000119312513221916 Filed on May 15, 2013
Income Statement
| Concept | 2013 Q1 | 2012 Q4 | 2012 Q1 |
|---|---|---|---|
| Revenue | $335.7M | $556.7M | $239.4M |
| YoY Change | 40.21% | ||
| Cost Of Revenue | $300.0M | $425.5M | $195.6M |
| YoY Change | 53.37% | ||
| Gross Profit | $67.90M | $131.2M | $43.80M |
| YoY Change | 55.02% | ||
| Gross Profit Margin | 20.23% | 23.57% | 18.29% |
| Selling, General & Admin | $46.29M | $53.60M | $30.80M |
| YoY Change | 50.28% | ||
| % of Gross Profit | 68.17% | 40.85% | 70.32% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $1.301M | -$200.0K | $1.400M |
| YoY Change | -7.07% | -114.29% | |
| % of Gross Profit | 1.92% | -0.15% | 3.2% |
| Operating Expenses | $46.29M | $61.20M | $31.00M |
| YoY Change | 49.31% | ||
| Operating Profit | $21.61M | $70.02M | $12.80M |
| YoY Change | 68.85% | ||
| Interest Expense | $3.600M | $13.90M | $3.200M |
| YoY Change | 12.5% | ||
| % of Operating Profit | 16.66% | 19.85% | 25.0% |
| Other Income/Expense, Net | -$742.0K | ||
| YoY Change | |||
| Pretax Income | $28.13M | $91.81M | $16.06M |
| YoY Change | 75.18% | ||
| Income Tax | $15.54M | -$257.2M | $5.500M |
| % Of Pretax Income | 55.23% | -280.14% | 34.25% |
| Net Earnings | $349.1M | $10.30M | |
| YoY Change | |||
| Net Earnings / Revenue | 62.7% | 4.3% | |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $0.00 | $457.8K | $16.52K |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2013 Q1 | 2012 Q4 | 2012 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $238.0M | $300.6M | |
| YoY Change | 7.63% | ||
| Cash & Equivalents | $8.244K | $300.6M | |
| Short-Term Investments | |||
| Other Short-Term Assets | $168.7M | $37.93M | |
| YoY Change | 0.34% | ||
| Inventory | $1.738B | $1.604B | |
| Prepaid Expenses | $182.7K | $65.02M | |
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $2.145B | $2.019B | |
| YoY Change | 52.87% | ||
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $6.200M | $6.423M | |
| YoY Change | 3.6% | ||
| Goodwill | $23.38M | ||
| YoY Change | |||
| Intangibles | $18.76M | ||
| YoY Change | 4.47% | ||
| Long-Term Investments | $107.1M | $103.2M | |
| YoY Change | 101.56% | ||
| Other Assets | $328.0M | $373.4M | |
| YoY Change | 857.44% | ||
| Total Long-Term Assets | -$2.144B | $719.3M | |
| YoY Change | 105.21% | ||
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.145B | $2.019B | |
| Total Long-Term Assets | -$2.144B | $719.3M | |
| Total Assets | $190.9K | $2.738B | |
| YoY Change | 63.85% | ||
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $191.8K | $106.1K | |
| YoY Change | -99.84% | ||
| Accrued Expenses | $184.7M | $213.4M | |
| YoY Change | 9.6% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $88.00M | $50.00M | |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $581.5M | $555.6M | |
| YoY Change | 26.65% | ||
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $975.4M | $977.9M | |
| YoY Change | 63.04% | ||
| Other Long-Term Liabilities | $0.00 | ||
| YoY Change | |||
| Total Long-Term Liabilities | $975.4M | $977.9M | |
| YoY Change | 63.04% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $581.5M | $555.6M | |
| Total Long-Term Liabilities | $975.4M | $977.9M | |
| Total Liabilities | $1.565B | $1.533B | |
| YoY Change | 45.78% | ||
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$1.856K | $1.231B | |
| YoY Change | |||
| Common Stock | $10.00 | $10.00 | |
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $1.221B | $1.205B | |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $190.9K | $2.738B | |
| YoY Change | 63.85% |
Cashflow Statement
| Concept | 2013 Q1 | 2012 Q4 | 2012 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $349.1M | $10.30M | |
| YoY Change | |||
| Depreciation, Depletion And Amortization | $1.301M | -$200.0K | $1.400M |
| YoY Change | -7.07% | -114.29% | |
| Cash From Operating Activities | -$53.33M | -$56.10M | -$75.80M |
| YoY Change | -29.64% | -140.68% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $384.0K | -$700.0K | -$900.0K |
| YoY Change | -142.67% | -46.15% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$900.0K | -$130.9M | -$1.100M |
| YoY Change | -18.18% | -7800.0% | |
| Cash From Investing Activities | -$1.283M | -$131.5M | -$2.000M |
| YoY Change | -35.85% | -26400.0% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -4.027M | 82.00M | -31.70M |
| YoY Change | -87.3% | -777.69% | |
| NET CHANGE | |||
| Cash From Operating Activities | -53.33M | -56.10M | -75.80M |
| Cash From Investing Activities | -1.283M | -131.5M | -2.000M |
| Cash From Financing Activities | -4.027M | 82.00M | -31.70M |
| Net Change In Cash | -58.64M | -105.6M | -109.5M |
| YoY Change | -46.45% | -183.61% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$53.33M | -$56.10M | -$75.80M |
| Capital Expenditures | $384.0K | -$700.0K | -$900.0K |
| Free Cash Flow | -$53.72M | -$55.40M | -$74.90M |
| YoY Change | -28.28% | -139.8% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2013Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
182666 | |
| CY2013Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
190910 | |
| CY2013Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1000 | shares |
| CY2013Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
10 | |
| CY2013Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1000 | shares |
| CY2013Q1 | us-gaap |
Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
|
85637 | |
| CY2013Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
990 | |
| CY2013Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1000 | |
| CY2013Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
191766 | |
| CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
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|
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| CY2013Q1 | us-gaap |
Retained Earnings Accumulated Deficit
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|
-1856 | |
| CY2013Q1 | us-gaap |
Assets
Assets
|
190910 | |
| CY2013Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
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|
8244 | |
| CY2012Q4 | us-gaap |
Assets
Assets
|
107129 | |
| CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
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|
35029 | |
| CY2012Q4 | us-gaap |
Prepaid Expense Current
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|
72100 | |
| CY2012Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
107129 | |
| CY2012Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1000 | shares |
| CY2012Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
10 | |
| CY2012Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1000 | shares |
| CY2012Q4 | us-gaap |
Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
|
106129 | |
| CY2012Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
990 | |
| CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1000 | |
| CY2012Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
106129 | |
| CY2013Q2 | us-gaap |
Common Stock Conversion Basis
CommonStockConversionBasis
|
One share of Class B common stock, together with one new TMM Unit are exchangeable into a share of Class A common stock as provided for in our Exchange Agreement. | |
| CY2013Q2 | tmhc |
Exchange Of Units For Shares
ExchangeOfUnitsForShares
|
1 | shares |
| CY2013Q2 | tmhc |
Conversion Of Exchangeable Shares Shares
ConversionOfExchangeableSharesShares
|
1 | shares |
| CY2013Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2013Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2013 | |
| CY2013Q1 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2013Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2013-03-31 | |
| CY2013Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001562476 | |
| CY2013Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2013Q1 | dei |
Trading Symbol
TradingSymbol
|
TMHC | |
| CY2013Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Taylor Morrison Home Corp | |
| CY2013Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2013Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
| CY2013Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
-495000 | |
| CY2013Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-8445000 | |
| CY2013Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
24337000 | |
| CY2013Q1 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
1856 | |
| CY2013Q1 | us-gaap |
Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
|
18864 | |
| CY2013Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
110566 | |
| CY2012Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
-34000 | |
| CY2012Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
300000 | |
| CY2012Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
-1044000 | |
| CY2012Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
11405000 | |
| CY2012Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
10559000 |
