2022 Q1 Form 10-Q Financial Statement

#000162828022010789 Filed on April 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $1.703B $1.418B
YoY Change 20.12% 5.36%
Cost Of Revenue $1.310B $1.143B
YoY Change 14.57% -0.4%
Gross Profit $393.1M $274.4M
YoY Change 43.25% 38.78%
Gross Profit Margin 23.08% 19.36%
Selling, General & Admin $157.3M $147.5M
YoY Change 6.62% 7.78%
% of Gross Profit 40.0% 53.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.841M $9.636M
YoY Change -8.25% 12.03%
% of Gross Profit 2.25% 3.51%
Operating Expenses $157.3M $147.5M
YoY Change 6.62% 7.78%
Operating Profit $235.9M $126.9M
YoY Change 85.81% 108.42%
Interest Expense -$2.421M $5.800M
YoY Change -141.74% 93.33%
% of Operating Profit -1.03% 4.57%
Other Income/Expense, Net -$4.794M -$856.0K
YoY Change 460.05% -99.07%
Pretax Income $232.9M $131.7M
YoY Change 76.79% -557.83%
Income Tax $54.44M $29.30M
% Of Pretax Income 23.37% 22.24%
Net Earnings $176.7M $98.02M
YoY Change 80.27% -411.86%
Net Earnings / Revenue 10.38% 6.91%
Basic Earnings Per Share $1.46 $0.76
Diluted Earnings Per Share $1.44 $0.75
COMMON SHARES
Basic Shares Outstanding 121.2M shares 128.9M shares
Diluted Shares Outstanding 122.7M shares 131.2M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $569.2M $392.5M
YoY Change 45.03% -22.71%
Cash & Equivalents $569.2M $392.5M
Short-Term Investments
Other Short-Term Assets $271.2M $243.4M
YoY Change 11.41% 37.2%
Inventory $5.743B $5.625B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $6.739B $6.367B
YoY Change 5.85% -4.88%
LONG-TERM ASSETS
Property, Plant & Equipment $207.9M $125.1M
YoY Change 66.18% 26.64%
Goodwill $663.2M $663.2M
YoY Change 0.0% 8.35%
Intangibles
YoY Change
Long-Term Investments $434.1M $260.6M
YoY Change 66.57% -11.48%
Other Assets $382.5M $482.3M
YoY Change -20.7% 0.35%
Total Long-Term Assets $1.779B $1.608B
YoY Change 10.59% 2.52%
TOTAL ASSETS
Total Short-Term Assets $6.739B $6.367B
Total Long-Term Assets $1.779B $1.608B
Total Assets $8.518B $7.975B
YoY Change 6.8% -3.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $225.3M $258.3M
YoY Change -12.77% 12.16%
Accrued Expenses $465.2M $419.9M
YoY Change 10.8% -6.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.247B $1.146B
YoY Change 8.78% 28.99%
LONG-TERM LIABILITIES
Long-Term Debt $3.048B $3.026B
YoY Change 0.75% -18.24%
Other Long-Term Liabilities $128.0M $148.0M
YoY Change -13.52% -40.89%
Total Long-Term Liabilities $3.176B $3.174B
YoY Change 0.09% -19.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.247B $1.146B
Total Long-Term Liabilities $3.176B $3.174B
Total Liabilities $4.423B $4.320B
YoY Change 2.39% -10.73%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.050B $3.572B
YoY Change
Total Liabilities & Shareholders Equity $8.518B $7.975B
YoY Change 6.8% -3.47%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $176.7M $98.02M
YoY Change 80.27% -411.86%
Depreciation, Depletion And Amortization $8.841M $9.636M
YoY Change -8.25% 12.03%
Cash From Operating Activities $57.46M -$144.3M
YoY Change -139.82% -300.15%
INVESTING ACTIVITIES
Capital Expenditures $5.389M $7.824M
YoY Change -31.12% 29.73%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$2.052M -$5.700M
YoY Change -64.0% -97.23%
Cash From Investing Activities -$7.441M -$13.48M
YoY Change -44.78% -93.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $58.03M $38.42M
YoY Change 51.05% -57.39%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$315.5M $17.15M
YoY Change -1939.84% -94.68%
NET CHANGE
Cash From Operating Activities $57.46M -$144.3M
Cash From Investing Activities -$7.441M -$13.48M
Cash From Financing Activities -$315.5M $17.15M
Net Change In Cash -$265.5M -$140.6M
YoY Change 88.8% -176.91%
FREE CASH FLOW
Cash From Operating Activities $57.46M -$144.3M
Capital Expenditures $5.389M $7.824M
Free Cash Flow $52.07M -$152.1M
YoY Change -134.23% -330.26%

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CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7824000 USD
CY2022Q1 tmhc Distributions Of Capital From Unconsolidated Entities
DistributionsOfCapitalFromUnconsolidatedEntities
0 USD
CY2021Q1 tmhc Distributions Of Capital From Unconsolidated Entities
DistributionsOfCapitalFromUnconsolidatedEntities
7451000 USD
CY2022Q1 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
2052000 USD
CY2021Q1 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
13102000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7441000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13475000 USD
CY2022Q1 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
18287000 USD
CY2021Q1 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
36868000 USD
CY2022Q1 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
26688000 USD
CY2021Q1 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
27580000 USD
CY2022Q1 tmhc Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
32548000 USD
CY2021Q1 tmhc Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
0 USD
CY2022Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
64077000 USD
CY2021Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
CY2022Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
562024000 USD
CY2021Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
697398000 USD
CY2022Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
775249000 USD
CY2021Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
643854000 USD
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2356000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6320000 USD
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1332000 USD
CY2021Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1325000 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
58029000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
38418000 USD
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3621000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5288000 USD
CY2022Q1 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-1752000 USD
CY2021Q1 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-6971000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-315533000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17150000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-265513000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-140633000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
836340000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
534109000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
570827000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
393476000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-228000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4592000 USD
CY2022Q1 tmhc Increase Decrease In Loans Payable Issued To Sellers In Connection With Land Purchase Contracts
IncreaseDecreaseInLoansPayableIssuedToSellersInConnectionWithLandPurchaseContracts
59830000 USD
CY2022Q1 tmhc Noncash Investing And Financing Activities Increase Decrease In Inventory Not Owned
NoncashInvestingAndFinancingActivitiesIncreaseDecreaseInInventoryNotOwned
-11896000 USD
CY2021Q1 tmhc Noncash Investing And Financing Activities Increase Decrease In Inventory Not Owned
NoncashInvestingAndFinancingActivitiesIncreaseDecreaseInInventoryNotOwned
-64916000 USD
CY2022Q1 tmhc Noncash Contributions From Non Controlling Interests
NoncashContributionsFromNonControllingInterests
0 USD
CY2021Q1 tmhc Noncash Contributions From Non Controlling Interests
NoncashContributionsFromNonControllingInterests
990000 USD
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> — 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 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>
CY2021Q1 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2022Q1 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2022Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
176703000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
98021000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
121186000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
128883000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
801000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
975000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
670000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
844000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
544000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122657000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
131246000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.46
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.76
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.44
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
CY2022Q1 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
3895167000 USD
CY2021Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
3895681000 USD
CY2022Q1 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
72022000 USD
CY2021Q4 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
70305000 USD
CY2022Q1 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1554551000 USD
CY2021Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1309551000 USD
CY2022Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
177969000 USD
CY2021Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
168670000 USD
CY2022Q1 tmhc Inventory Real Estate Owned
InventoryRealEstateOwned
5699709000 USD
CY2021Q4 tmhc Inventory Real Estate Owned
InventoryRealEstateOwned
5444207000 USD
CY2022Q1 tmhc Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
43418000 USD
CY2021Q4 tmhc Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
55314000 USD
CY2022Q1 us-gaap Inventory Real Estate
InventoryRealEstate
5743127000 USD
CY2021Q4 us-gaap Inventory Real Estate
InventoryRealEstate
5499521000 USD
CY2022Q1 tmhc Number Of Lots Under Option
NumberOfLotsUnderOption
29714 lot
CY2022Q1 us-gaap Purchase Options Land
PurchaseOptionsLand
2762098000 USD
CY2022Q1 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
238409000 USD
CY2021Q4 tmhc Number Of Lots Under Option
NumberOfLotsUnderOption
28762 lot
CY2021Q4 us-gaap Purchase Options Land
PurchaseOptionsLand
2595258000 USD
CY2021Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
213780000 USD
CY2021Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
168670000 USD
CY2020Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
163780000 USD
CY2022Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
39729000 USD
CY2021Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
37719000 USD
CY2022Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
30430000 USD
CY2021Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
27325000 USD
CY2022Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
177969000 USD
CY2021Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
174174000 USD
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
525209000 USD
CY2022Q1 tmhc Real Estate Land And Land Development Costs
RealEstateLandAndLandDevelopmentCosts
46044000 USD
CY2021Q4 tmhc Real Estate Land And Land Development Costs
RealEstateLandAndLandDevelopmentCosts
49833000 USD
CY2022Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
78849000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
166272000 USD
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
140970000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
141839000 USD
CY2022Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
39241000 USD
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
48551000 USD
CY2022Q1 tmhc Accrued Property And Sales Tax
AccruedPropertyAndSalesTax
27115000 USD
CY2021Q4 tmhc Accrued Property And Sales Tax
AccruedPropertyAndSalesTax
29384000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
84662000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
89330000 USD
CY2022Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
416881000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
141839000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
118116000 USD
CY2022Q1 tmhc Standard And Extended Product Warranty Accrual Other Increase
StandardAndExtendedProductWarrantyAccrualOtherIncrease
8884000 USD
CY2021Q1 tmhc Standard And Extended Product Warranty Accrual Other Increase
StandardAndExtendedProductWarrantyAccrualOtherIncrease
12391000 USD
CY2022Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
12473000 USD
CY2021Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
15865000 USD
CY2022Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
2720000 USD
CY2021Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1764000 USD
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
140970000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
116406000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3046062000 USD
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-2311000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
3048373000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3299802000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-2322000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
3302124000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.234
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.222
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 USD
CY2021Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
48413000 USD
CY2022Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1948187 shares
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
230413000 USD
CY2020Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
86831000 USD
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
58029000 USD
CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
38418000 USD
CY2022Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
172384000 USD
CY2021Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1447309 shares
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6863000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5682000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
43200000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
26500000 USD
CY2022Q1 tmhc Number Of Reportable Segments Included In Operating Component
NumberOfReportableSegmentsIncludedInOperatingComponent
3 segment
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1703124000 USD
CY2022Q1 us-gaap Gross Profit
GrossProfit
393128000 USD
CY2022Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
157265000 USD
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1831000 USD
CY2022Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4794000 USD
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
232900000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1417812000 USD
CY2021Q1 us-gaap Gross Profit
GrossProfit
274441000 USD
CY2021Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
147505000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5661000 USD
CY2021Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-856000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
131741000 USD
CY2022Q1 tmhc Real Estate Inventory And Land Deposits
RealEstateInventoryAndLandDeposits
6003988000 USD
CY2022Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
173231000 USD
CY2022Q1 us-gaap Other Assets
OtherAssets
2340756000 USD
CY2022Q1 us-gaap Assets
Assets
8517975000 USD
CY2021Q4 tmhc Real Estate Inventory And Land Deposits
RealEstateInventoryAndLandDeposits
5729056000 USD
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
171406000 USD
CY2021Q4 us-gaap Other Assets
OtherAssets
2827315000 USD
CY2021Q4 us-gaap Assets
Assets
8727777000 USD
CY2022Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1200000000 USD
CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1200000000 USD
CY2022Q1 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
23100000 USD
CY2021Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
21700000 USD
CY2022Q1 tmhc Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
94400000 USD
CY2021Q4 tmhc Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
96200000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
6900000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
4000000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
5500000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1661000 USD
CY2022Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
417700000 USD
CY2021Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
173700000 USD

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