2024 Q4 Form 10-Q Financial Statement

#000162828024043469 Filed on October 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $2.121B
YoY Change 26.58%
Cost Of Revenue $1.590B
YoY Change 23.83%
Gross Profit $531.1M
YoY Change 35.57%
Gross Profit Margin 25.04%
Selling, General & Admin $199.3M
YoY Change 18.8%
% of Gross Profit 37.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.913M
YoY Change 7.75%
% of Gross Profit 1.87%
Operating Expenses $199.3M
YoY Change 18.8%
Operating Profit $331.7M
YoY Change 48.14%
Interest Expense -$3.379M
YoY Change -143.88%
% of Operating Profit -1.02%
Other Income/Expense, Net $256.0K
YoY Change -90.9%
Pretax Income $332.7M
YoY Change 45.66%
Income Tax $81.22M
% Of Pretax Income 24.41%
Net Earnings $251.1M
YoY Change 47.12%
Net Earnings / Revenue 11.84%
Basic Earnings Per Share $2.41
Diluted Earnings Per Share $2.37
COMMON SHARES
Basic Shares Outstanding 103.5M shares 104.2M shares
Diluted Shares Outstanding 106.1M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $256.4M
YoY Change -58.22%
Cash & Equivalents $256.4M
Short-Term Investments
Other Short-Term Assets $336.1M
YoY Change 9.96%
Inventory $4.393B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $7.241B
YoY Change 9.9%
LONG-TERM ASSETS
Property, Plant & Equipment $322.5M
YoY Change 22.77%
Goodwill $663.2M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $671.0M
YoY Change 25.22%
Other Assets $334.0M
YoY Change 7.68%
Total Long-Term Assets $2.060B
YoY Change 11.44%
TOTAL ASSETS
Total Short-Term Assets $7.241B
Total Long-Term Assets $2.060B
Total Assets $9.300B
YoY Change 10.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $269.3M
YoY Change -1.28%
Accrued Expenses $614.3M
YoY Change 15.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.197B
YoY Change 1.15%
LONG-TERM LIABILITIES
Long-Term Debt $2.143B
YoY Change 7.59%
Other Long-Term Liabilities $237.1M
YoY Change 174.1%
Total Long-Term Liabilities $2.380B
YoY Change 14.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.197B
Total Long-Term Liabilities $2.380B
Total Liabilities $3.577B
YoY Change 9.66%
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
YoY Change
Total Liabilities & Shareholders Equity $9.300B
YoY Change 10.23%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $251.1M
YoY Change 47.12%
Depreciation, Depletion And Amortization $9.913M
YoY Change 7.75%
Cash From Operating Activities $135.9M
YoY Change -340.51%
INVESTING ACTIVITIES
Capital Expenditures $8.829M
YoY Change -66.04%
Acquisitions
YoY Change
Other Investing Activities -$16.18M
YoY Change -30.55%
Cash From Investing Activities -$25.01M
YoY Change -49.27%
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
YoY Change -79.83%
NET CHANGE
Cash From Operating Activities 135.9M
Cash From Investing Activities -25.01M
Cash From Financing Activities -102.4M
Net Change In Cash 8.520M
YoY Change -101.39%
FREE CASH FLOW
Cash From Operating Activities $135.9M
Capital Expenditures $8.829M
Free Cash Flow $127.1M
YoY Change -254.01%

Facts In Submission

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us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
26100000 usd
us-gaap Profit Loss
ProfitLoss
642547000 usd
us-gaap Profit Loss
ProfitLoss
596579000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6086000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7049000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
17016000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
18506000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-269000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
11265000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
7377000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
31494000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23717000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
16089000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
19271000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2223000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2574000 usd
tmhc Estimated Development Liability Change In Estimate
EstimatedDevelopmentLiabilityChangeInEstimate
8175000 usd
tmhc Estimated Development Liability Change In Estimate
EstimatedDevelopmentLiabilityChangeInEstimate
0 usd
us-gaap Inventory Write Down
InventoryWriteDown
2325000 usd
us-gaap Inventory Write Down
InventoryWriteDown
11791000 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
6782000 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
871310000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
87776000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
183674000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-24081000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-18577000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-31548000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
124383000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-27231000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
5528000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-228170000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
550561000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
26270000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
47042000 usd
tmhc Distributions Of Capital From Unconsolidated Entities
DistributionsOfCapitalFromUnconsolidatedEntities
18599000 usd
tmhc Distributions Of Capital From Unconsolidated Entities
DistributionsOfCapitalFromUnconsolidatedEntities
733000 usd
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
74647000 usd
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
47795000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-82318000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-94104000 usd
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
0 usd
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
2426000 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
52093000 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
18367000 usd
tmhc Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
100000000 usd
tmhc Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
0 usd
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
100000000 usd
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2588250000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2203261000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2508383000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2317688000 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
350000000 usd
tmhc Proceeds From Stock Option Exercises And Issuance Of Restricted Stock Units Net
ProceedsFromStockOptionExercisesAndIssuanceOfRestrictedStockUnitsNet
-7442000 usd
tmhc Proceeds From Stock Option Exercises And Issuance Of Restricted Stock Units Net
ProceedsFromStockOptionExercisesAndIssuanceOfRestrictedStockUnitsNet
16733000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1382000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1313000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
257691000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
103568000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
577000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-239318000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-568516000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-549806000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-112059000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
807099000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
726635000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
257293000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
614576000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
188723000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
154267000 usd
tmhc Increase Decrease In Loans Payable Issued To Sellers In Connection With Land Purchase Contracts
IncreaseDecreaseInLoansPayableIssuedToSellersInConnectionWithLandPurchaseContracts
-212527000 usd
tmhc Increase Decrease In Loans Payable Issued To Sellers In Connection With Land Purchase Contracts
IncreaseDecreaseInLoansPayableIssuedToSellersInConnectionWithLandPurchaseContracts
-126903000 usd
tmhc Noncash Investing And Financing Activities Increase Decrease In Inventory Not Owned
NoncashInvestingAndFinancingActivitiesIncreaseDecreaseInInventoryNotOwned
103627000 usd
tmhc Noncash Investing And Financing Activities Increase Decrease In Inventory Not Owned
NoncashInvestingAndFinancingActivitiesIncreaseDecreaseInInventoryNotOwned
-23548000 usd
tmhc Accrual Of Excise Tax Payment On Share Repurchases
AccrualOfExciseTaxPaymentOnShareRepurchases
-2678000 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>
CY2024Q3 us-gaap Purchase Options Land
PurchaseOptionsLand
968400000 usd
CY2023Q4 us-gaap Purchase Options Land
PurchaseOptionsLand
822100000 usd
CY2024Q3 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
127400000 usd
CY2023Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
129200000 usd
CY2024Q3 tmhc Asset Held For Sale Not Part Of Disposal Group Number Of Assets
AssetHeldForSaleNotPartOfDisposalGroupNumberOfAssets
2 asset
CY2023Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
0 usd
CY2024Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2023Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
251126000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
170691000 usd
us-gaap Net Income Loss
NetIncomeLoss
640856000 usd
us-gaap Net Income Loss
NetIncomeLoss
596344000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104132000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108837000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105359000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108827000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106089000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110622000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107361000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110536000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.41
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.57
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.48
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.37
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.54
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.97
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.40
CY2024Q3 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
4342785000 usd
CY2023Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
3855534000 usd
CY2024Q3 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
49753000 usd
CY2023Q4 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
29317000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
4392538000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
3884851000 usd
CY2024Q3 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1705198000 usd
CY2023Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1414528000 usd
CY2024Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
167544000 usd
CY2023Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
174449000 usd
CY2024Q3 tmhc Inventory Real Estate Owned
InventoryRealEstateOwned
6265280000 usd
CY2023Q4 tmhc Inventory Real Estate Owned
InventoryRealEstateOwned
5473828000 usd
CY2024Q3 tmhc Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
175245000 usd
CY2023Q4 tmhc Inventory Real Estate Not Owned
InventoryRealEstateNotOwned
71618000 usd
CY2024Q3 us-gaap Inventory Real Estate
InventoryRealEstate
6440525000 usd
CY2023Q4 us-gaap Inventory Real Estate
InventoryRealEstate
5545446000 usd
CY2024Q3 tmhc Number Of Lots Owned
NumberOfLotsOwned
34936 lot
CY2023Q4 tmhc Number Of Lots Owned
NumberOfLotsOwned
34077 lot
CY2024Q3 tmhc Number Of Controlled Lots
NumberOfControlledLots
48643 lot
CY2023Q4 tmhc Number Of Controlled Lots
NumberOfControlledLots
38285 lot
CY2024Q3 tmhc Number Of Owned And Controlled Lots
NumberOfOwnedAndControlledLots
83579 lot
CY2023Q4 tmhc Number Of Owned And Controlled Lots
NumberOfOwnedAndControlledLots
72362 lot
CY2024Q3 tmhc Number Of Homes In Inventory
NumberOfHomesInInventory
8490 home
CY2023Q4 tmhc Number Of Homes In Inventory
NumberOfHomesInInventory
7867 home
CY2024Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
172263000 usd
CY2023Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
191304000 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
CY2024Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
25345000 usd
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
28270000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
75087000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
94452000 usd
CY2024Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
30064000 usd
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
32377000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
81992000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
97378000 usd
CY2024Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
167544000 usd
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
187197000 usd
CY2024Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
167544000 usd
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
187197000 usd
CY2024Q3 tmhc Real Estate Land And Land Development Costs
RealEstateLandAndLandDevelopmentCosts
42611000 usd
CY2023Q4 tmhc Real Estate Land And Land Development Costs
RealEstateLandAndLandDevelopmentCosts
46114000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
145485000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
149095000 usd
CY2024Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
193313000 usd
CY2024Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
26983000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
31042000 usd
CY2024Q3 tmhc Accrued Property And Sales Tax
AccruedPropertyAndSalesTax
45476000 usd
CY2023Q4 tmhc Accrued Property And Sales Tax
AccruedPropertyAndSalesTax
30887000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
123633000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
107488000 usd
CY2024Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
577501000 usd
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
549074000 usd
CY2024Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
181790000 usd
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
160326000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
184448000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
161675000 usd
CY2024Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
20971000 usd
CY2023Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
16385000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
63161000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
55720000 usd
CY2024Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
18423000 usd
CY2023Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
18795000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
68329000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
62622000 usd
CY2024Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
8975000 usd
CY2023Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
12320000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
14033000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
15463000 usd
CY2024Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
193313000 usd
CY2023Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
170236000 usd
CY2024Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
193313000 usd
CY2023Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
170236000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2150279000 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
7056000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
2143223000 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
CY2024Q3 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2024Q3 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
233331000 usd
CY2024Q3 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
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.244
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.254
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.247
CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2023Q4 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 usd
CY2023Q4 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 usd
CY2024Q3 tmhc Number Of Agreements
NumberOfAgreements
3 agreement
CY2024Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1043479 shares
CY2023Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2169657 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
4238767 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2278982 shares
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
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
CY2024Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
61297000 usd
CY2023Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
100000000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
257691000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
103568000 usd
CY2024Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
236798000 usd
CY2023Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
175570000 usd
CY2024Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
236798000 usd
CY2023Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
175570000 usd
CY2022Q3 tmhc Percentage Of Excise Tax On Net Repurchase Of Stock
PercentageOfExciseTaxOnNetRepurchaseOfStock
0.01
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5461000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5702000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17016000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18506000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
35200000 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
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2120842000 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
531069000 usd
CY2024Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
199341000 usd
CY2024Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
707000 usd
CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
256000 usd
CY2024Q3 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
332691000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1675545000 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
391718000 usd
CY2023Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
167791000 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1934000 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2814000 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-269000 usd
CY2023Q3 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
228406000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5811647000 usd
us-gaap Gross Profit
GrossProfit
1420202000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
566240000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6086000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11260000 usd
us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
848788000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5397966000 usd
us-gaap Gross Profit
GrossProfit
1290969000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
510495000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7049000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5330000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-269000 usd
us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
792584000 usd
CY2024Q3 tmhc Real Estate Inventory And Land Deposits
RealEstateInventoryAndLandDeposits
6714492000 usd
CY2024Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
397061000 usd
CY2024Q3 us-gaap Other Assets
OtherAssets
2188883000 usd
CY2024Q3 us-gaap Assets
Assets
9300436000 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
CY2024Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1400000000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1300000000 usd
CY2024Q3 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
37600000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
26200000 usd
CY2023Q4 us-gaap Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
64700000 usd
CY2024Q3 us-gaap Lease Cost
LeaseCost
4600000 usd
us-gaap Lease Cost
LeaseCost
16100000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
5800000 usd
us-gaap Lease Cost
LeaseCost
19300000 usd
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
2975000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
3566000 usd
CY2024Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
319500000 usd
CY2023Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
242600000 usd
CY2024Q3 tmhc Changes In Estimated Future Development Costs
ChangesInEstimatedFutureDevelopmentCosts
8200000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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