2024 Q3 Form 10-Q Financial Statement

#000162828024032842 Filed on July 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $2.121B $1.991B
YoY Change 26.58% -3.37%
Cost Of Revenue $1.590B $1.519B
YoY Change 23.83% -2.7%
Gross Profit $531.1M $472.3M
YoY Change 35.57% -5.48%
Gross Profit Margin 25.04% 23.72%
Selling, General & Admin $199.3M $196.7M
YoY Change 18.8% 7.11%
% of Gross Profit 37.54% 41.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.913M $11.33M
YoY Change 7.75% 53.31%
% of Gross Profit 1.87% 2.4%
Operating Expenses $199.3M $196.7M
YoY Change 18.8% 2.34%
Operating Profit $331.7M $275.6M
YoY Change 48.14% -10.38%
Interest Expense -$3.379M -$4.087M
YoY Change -143.88% -149.21%
% of Operating Profit -1.02% -1.48%
Other Income/Expense, Net $256.0K -$10.96M
YoY Change -90.9% 219.74%
Pretax Income $332.7M $267.2M
YoY Change 45.66% -15.37%
Income Tax $81.22M $67.30M
% Of Pretax Income 24.41% 25.19%
Net Earnings $251.1M $199.5M
YoY Change 47.12% -14.98%
Net Earnings / Revenue 11.84% 10.02%
Basic Earnings Per Share $2.41 $1.89
Diluted Earnings Per Share $2.37 $1.86
COMMON SHARES
Basic Shares Outstanding 104.2M shares 105.8M shares
Diluted Shares Outstanding 106.1M shares 107.2M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $256.4M $246.8M
YoY Change -58.22% -79.89%
Cash & Equivalents $256.4M $246.8M
Short-Term Investments
Other Short-Term Assets $336.1M $330.1M
YoY Change 9.96% 26.44%
Inventory $4.393B $4.313B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $7.241B $7.078B
YoY Change 9.9% 2.41%
LONG-TERM ASSETS
Property, Plant & Equipment $322.5M $316.7M
YoY Change 22.77% 4.03%
Goodwill $663.2M $663.2M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $671.0M $586.1M
YoY Change 25.22% 13.98%
Other Assets $334.0M $382.8M
YoY Change 7.68% 7.7%
Total Long-Term Assets $2.060B $2.021B
YoY Change 11.44% 9.99%
TOTAL ASSETS
Total Short-Term Assets $7.241B $7.078B
Total Long-Term Assets $2.060B $2.021B
Total Assets $9.300B $9.099B
YoY Change 10.23% 4.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $269.3M $310.7M
YoY Change -1.28% 10.35%
Accrued Expenses $614.3M $600.6M
YoY Change 15.95% 20.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.197B $1.260B
YoY Change 1.15% 8.12%
LONG-TERM LIABILITIES
Long-Term Debt $2.143B $2.150B
YoY Change 7.59% -10.18%
Other Long-Term Liabilities $237.1M $162.1M
YoY Change 174.1% 72.17%
Total Long-Term Liabilities $2.380B $2.312B
YoY Change 14.52% -7.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.197B $1.260B
Total Long-Term Liabilities $2.380B $2.312B
Total Liabilities $3.577B $3.573B
YoY Change 9.66% -2.67%
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 $5.705B $5.527B
YoY Change
Total Liabilities & Shareholders Equity $9.300B $9.099B
YoY Change 10.23% 4.0%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $251.1M $199.5M
YoY Change 47.12% -14.98%
Depreciation, Depletion And Amortization $9.913M $11.33M
YoY Change 7.75% 53.31%
Cash From Operating Activities $135.9M -$233.3M
YoY Change -340.51% -189.86%
INVESTING ACTIVITIES
Capital Expenditures $8.829M $8.330M
YoY Change -66.04% 15.09%
Acquisitions
YoY Change
Other Investing Activities -$16.18M -$15.93M
YoY Change -30.55% 22.44%
Cash From Investing Activities -$25.01M -$24.26M
YoY Change -49.27% 19.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -102.4M -51.04M
YoY Change -79.83% -148.99%
NET CHANGE
Cash From Operating Activities 135.9M -233.3M
Cash From Investing Activities -25.01M -24.26M
Cash From Financing Activities -102.4M -51.04M
Net Change In Cash 8.520M -308.6M
YoY Change -101.39% -189.82%
FREE CASH FLOW
Cash From Operating Activities $135.9M -$233.3M
Capital Expenditures $8.829M $8.330M
Free Cash Flow $127.1M -$241.7M
YoY Change -254.01% -195.73%

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IncreaseDecreaseInLoansPayableIssuedToSellersInConnectionWithLandPurchaseContracts
-149363000 usd
tmhc Increase Decrease In Loans Payable Issued To Sellers In Connection With Land Purchase Contracts
IncreaseDecreaseInLoansPayableIssuedToSellersInConnectionWithLandPurchaseContracts
-84445000 usd
tmhc Noncash Investing And Financing Activities Increase Decrease In Inventory Not Owned
NoncashInvestingAndFinancingActivitiesIncreaseDecreaseInInventoryNotOwned
63082000 usd
tmhc Noncash Investing And Financing Activities Increase Decrease In Inventory Not Owned
NoncashInvestingAndFinancingActivitiesIncreaseDecreaseInInventoryNotOwned
-23079000 usd
tmhc Accrual Of Excise Tax Payment On Share Repurchases
AccrualOfExciseTaxPaymentOnShareRepurchases
-2125000 usd
tmhc Accrual Of Excise Tax Payment On Share Repurchases
AccrualOfExciseTaxPaymentOnShareRepurchases
0 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#333333;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:115%">Use of Estimates</span><span style="color:#333333;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:115%"> — 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 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></div>
CY2024Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2024Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
199460000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
234602000 usd
us-gaap Net Income Loss
NetIncomeLoss
389730000 usd
us-gaap Net Income Loss
NetIncomeLoss
425653000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105500000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
109210000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105979000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108822000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107249000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110856000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107961000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110466000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.89
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.68
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.91
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.86
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.61
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.85
CY2024Q2 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
4263720000 usd
CY2023Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
3855534000 usd
CY2024Q2 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
49307000 usd
CY2023Q4 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
29317000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
4313027000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
3884851000 usd
CY2024Q2 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1666486000 usd
CY2023Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1414528000 usd
CY2024Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
172263000 usd
CY2023Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
174449000 usd
CY2024Q2 tmhc Inventory Real Estate Owned
InventoryRealEstateOwned
6151776000 usd
CY2023Q4 tmhc Inventory Real Estate Owned
InventoryRealEstateOwned
5473828000 usd
CY2024Q2 tmhc Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
134700000 usd
CY2023Q4 tmhc Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
71618000 usd
CY2024Q2 us-gaap Inventory Real Estate
InventoryRealEstate
6286476000 usd
CY2023Q4 us-gaap Inventory Real Estate
InventoryRealEstate
5545446000 usd
CY2024Q2 tmhc Number Of Lots Owned
NumberOfLotsOwned
35000 lot
CY2023Q4 tmhc Number Of Lots Owned
NumberOfLotsOwned
34077 lot
CY2024Q2 tmhc Number Of Controlled Lots
NumberOfControlledLots
45677 lot
CY2023Q4 tmhc Number Of Controlled Lots
NumberOfControlledLots
38285 lot
CY2024Q2 tmhc Number Of Owned And Controlled Lots
NumberOfOwnedAndControlledLots
80677 lot
CY2023Q4 tmhc Number Of Owned And Controlled Lots
NumberOfOwnedAndControlledLots
72362 lot
CY2024Q2 tmhc Number Of Homes In Inventory
NumberOfHomesInInventory
9021 home
CY2023Q4 tmhc Number Of Homes In Inventory
NumberOfHomesInInventory
7867 home
CY2024Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
177222000 usd
CY2023Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
196607000 usd
CY2023Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
174449000 usd
CY2022Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
190123000 usd
CY2024Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
23344000 usd
CY2023Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
32049000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
49742000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
66182000 usd
CY2024Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
28303000 usd
CY2023Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
37352000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
51928000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
65001000 usd
CY2024Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
172263000 usd
CY2023Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
191304000 usd
CY2024Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
172263000 usd
CY2023Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
191304000 usd
CY2024Q2 tmhc Real Estate Land And Land Development Costs
RealEstateLandAndLandDevelopmentCosts
45729000 usd
CY2023Q4 tmhc Real Estate Land And Land Development Costs
RealEstateLandAndLandDevelopmentCosts
46114000 usd
CY2024Q2 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
105915000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
149095000 usd
CY2024Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
181790000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
184448000 usd
CY2024Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
32475000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
31042000 usd
CY2024Q2 tmhc Accrued Property And Sales Tax
AccruedPropertyAndSalesTax
33533000 usd
CY2023Q4 tmhc Accrued Property And Sales Tax
AccruedPropertyAndSalesTax
30887000 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
119099000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
107488000 usd
CY2024Q2 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
518541000 usd
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
549074000 usd
CY2024Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
186948000 usd
CY2023Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
158222000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
184448000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
161675000 usd
CY2024Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
21525000 usd
CY2023Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
24887000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
42190000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
39334000 usd
CY2024Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
28713000 usd
CY2023Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
23318000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
49906000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
43826000 usd
CY2024Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
2030000 usd
CY2023Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
535000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
5058000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
3143000 usd
CY2024Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
181790000 usd
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
160326000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2157517000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
7496000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
2150021000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2025477000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
8375000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2017102000 usd
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2024Q2 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2024Q2 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
276205000 usd
CY2024Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
360000000 usd
CY2023Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
153464000 usd
CY2023Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
360000000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.252
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.242
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.256
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.245
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2023Q4 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 usd
CY2024Q2 tmhc Number Of Agreements
NumberOfAgreements
2 agreement
CY2024Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1703803 shares
CY2023Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
3195288 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
109325 shares
CY2024Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
402840000 usd
CY2023Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
275570000 usd
CY2023Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
494489000 usd
CY2022Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
279138000 usd
CY2024Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
104745000 usd
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
0 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
196394000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3568000 usd
CY2024Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
298095000 usd
CY2023Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
275570000 usd
CY2024Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
298095000 usd
CY2023Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
275570000 usd
CY2022Q3 tmhc Percentage Of Excise Tax On Net Repurchase Of Stock
PercentageOfExciseTaxOnNetRepurchaseOfStock
0.01
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6072000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5271000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11555000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12804000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
40700000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
26500000 usd
tmhc Number Of Reportable Segments Included In Operating Component
NumberOfReportableSegmentsIncludedInOperatingComponent
3 segment
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1991053000 usd
CY2024Q2 us-gaap Gross Profit
GrossProfit
472288000 usd
CY2024Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
196735000 usd
CY2024Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2628000 usd
CY2024Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-10964000 usd
CY2024Q2 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
267217000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2060564000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
499685000 usd
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
183683000 usd
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3186000 usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3429000 usd
CY2023Q2 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
315759000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3690805000 usd
us-gaap Gross Profit
GrossProfit
889133000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
366899000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5379000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11516000 usd
us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
516097000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3722421000 usd
us-gaap Gross Profit
GrossProfit
899251000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
342704000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5115000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2516000 usd
us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
564178000 usd
CY2024Q2 tmhc Real Estate Inventory And Land Deposits
RealEstateInventoryAndLandDeposits
6491027000 usd
CY2024Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
381571000 usd
CY2024Q2 us-gaap Other Assets
OtherAssets
2226471000 usd
CY2024Q2 us-gaap Assets
Assets
9099069000 usd
CY2023Q4 tmhc Real Estate Inventory And Land Deposits
RealEstateInventoryAndLandDeposits
5748663000 usd
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
346192000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
2577232000 usd
CY2023Q4 us-gaap Assets
Assets
8672087000 usd
CY2024Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1400000000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1300000000 usd
CY2024Q2 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
35300000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
26200000 usd
CY2023Q4 us-gaap Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
64700000 usd
CY2024Q2 tmhc Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
82100000 usd
CY2023Q4 tmhc Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
85000000.0 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
5600000 usd
us-gaap Lease Cost
LeaseCost
11500000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
6400000 usd
us-gaap Lease Cost
LeaseCost
13500000 usd
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1004000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
3566000 usd
CY2024Q2 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
306900000 usd
CY2023Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
242600000 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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report.css Edgar Link pending
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tmhc-20240630.htm Edgar Link pending
tmhc-20240630.xsd Edgar Link pending
tmhc-20240630xexx311.htm Edgar Link pending
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tmhc-20240630_cal.xml Edgar Link unprocessable
tmhc-20240630_def.xml Edgar Link unprocessable
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tmhc-20240630_htm.xml Edgar Link completed