$TPH
Tri Pointe Homes, Inc.

2013 Q2 Form 10-Q Financial Statement

#000119312513332696 Filed on August 13, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q4 2012 Q2
Revenue $51.09M $56.03M $7.808M
YoY Change 554.29% 1173.39%
Cost Of Revenue $348.3M $670.9M $6.900M
YoY Change 4947.83% 17102.56%
Gross Profit $56.50M $11.29M $955.0K
YoY Change 5816.13% 2157.2%
Gross Profit Margin 110.59% 20.14% 12.23%
Selling, General & Admin $5.899M $147.1M $2.270M
YoY Change 159.87% 7255.0%
% of Gross Profit 10.44% 1303.38% 237.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.0K $11.60M $100.0K
YoY Change 0.0% 11500.0%
% of Gross Profit 0.18% 102.78% 10.47%
Operating Expenses $5.899M $274.3M $2.270M
YoY Change 159.87% 13615.0%
Operating Profit $3.475M -$263.0M -$1.315M
YoY Change -364.26% 17434.27%
Interest Expense $0.00 $2.500M
YoY Change
% of Operating Profit 0.0%
Other Income/Expense, Net $89.00K -$1.500M -$2.000K
YoY Change -4550.0%
Pretax Income $3.564M $103.6M -$1.317M
YoY Change -370.62% -7500.0%
Income Tax $1.489M $38.90M $0.00
% Of Pretax Income 41.78% 37.55%
Net Earnings $8.418M $6.446M -$1.317M
YoY Change -739.18% -560.43%
Net Earnings / Revenue 16.48% 11.5% -16.87%
Basic Earnings Per Share $0.06 $0.30 -$0.09
Diluted Earnings Per Share $0.06 $0.30 -$0.09
COMMON SHARES
Basic Shares Outstanding 31.60M shares 14.57M shares
Diluted Shares Outstanding 31.61M shares 14.57M shares

Balance Sheet

Concept 2013 Q2 2012 Q4 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $77.37M $19.80M
YoY Change 94.12%
Cash & Equivalents $37.54M $5.212M $8.020M
Short-Term Investments $39.84M
Other Short-Term Assets
YoY Change
Inventory $301.8M $194.1M
Prepaid Expenses
Receivables $1.400M $500.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $340.7M $214.4M
YoY Change 132.29%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $39.80M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $42.26M $3.116M
YoY Change 107.73%
TOTAL ASSETS
Total Short-Term Assets $340.7M $214.4M
Total Long-Term Assets $42.26M $3.116M
Total Assets $383.0M $217.5M
YoY Change 131.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.80M $7.823M
YoY Change 144.47%
Accrued Expenses $3.172M
YoY Change 164.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.80M $11.00M
YoY Change 150.0%
LONG-TERM LIABILITIES
Long-Term Debt $62.60M $57.40M
YoY Change 731.88%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $62.60M $57.40M
YoY Change 731.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.80M $11.00M
Total Long-Term Liabilities $62.60M $57.40M
Total Liabilities $75.39M $68.36M
YoY Change 504.98%
SHAREHOLDERS EQUITY
Retained Earnings -$1.917M
YoY Change
Common Stock $316.0K $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $307.6M $149.2M
YoY Change
Total Liabilities & Shareholders Equity $383.0M $217.5M
YoY Change 131.89%

Cashflow Statement

Concept 2013 Q2 2012 Q4 2012 Q2
OPERATING ACTIVITIES
Net Income $8.418M $6.446M -$1.317M
YoY Change -739.18% -560.43%
Depreciation, Depletion And Amortization $100.0K $11.60M $100.0K
YoY Change 0.0% 11500.0%
Cash From Operating Activities -$55.20M $132.2M -$28.40M
YoY Change 94.37% -3672.97%
INVESTING ACTIVITIES
Capital Expenditures -$200.0K -$3.400M -$100.0K
YoY Change 100.0% 3300.0%
Acquisitions
YoY Change
Other Investing Activities $20.00M $1.400M $0.00
YoY Change
Cash From Investing Activities $19.80M -$2.000M -$100.0K
YoY Change -19900.0% 1900.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.700M -163.2M 22.80M
YoY Change -92.54% -2465.22%
NET CHANGE
Cash From Operating Activities -55.20M 132.2M -28.40M
Cash From Investing Activities 19.80M -2.000M -100.0K
Cash From Financing Activities 1.700M -163.2M 22.80M
Net Change In Cash -33.70M -33.00M -5.700M
YoY Change 491.23% -1164.52%
FREE CASH FLOW
Cash From Operating Activities -$55.20M $132.2M -$28.40M
Capital Expenditures -$200.0K -$3.400M -$100.0K
Free Cash Flow -$55.00M $135.6M -$28.30M
YoY Change 94.35% -3866.67%

Facts In Submission

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dei Trading Symbol
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dei Entity Registrant Name
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dei Document Type
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us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
116000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-61000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
139000
CY2013Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5742350 shares
CY2013Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
90800000
CY2013Q1 us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
6800000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14572743 shares
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
CY2012Q2 us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
75000
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14572743 shares
CY2012Q2 us-gaap Home Building Revenue
HomeBuildingRevenue
7736000
CY2012Q2 us-gaap Revenues
Revenues
7808000
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ComprehensiveIncomeNetOfTax
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CY2012Q2 us-gaap Gross Profit
GrossProfit
955000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1317000
CY2012Q2 us-gaap Construction Revenue
ConstructionRevenue
72000
CY2012Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2000
CY2012Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1315000
CY2012Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
69000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-1317000
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
CY2012Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
7808000
CY2012Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
475000
CY2012Q2 us-gaap Costs And Expenses
CostsAndExpenses
9123000
CY2012Q2 us-gaap Home Building Costs
HomeBuildingCosts
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CY2012Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1473000
CY2012Q2 us-gaap Construction And Development Costs
ConstructionAndDevelopmentCosts
46000
CY2012Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
475000
CY2012Q2 us-gaap Share Based Compensation
ShareBasedCompensation
116000
CY2012Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
797000
CY2012Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
49000
CY2012Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3564000
CY2013Q2 us-gaap Construction Revenue
ConstructionRevenue
3630000
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
89000
CY2013Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-243000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3475000
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31597907 shares
CY2013Q2 us-gaap Home Building Revenue
HomeBuildingRevenue
47457000
CY2013Q2 us-gaap Revenues
Revenues
51087000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1832000
CY2013Q2 us-gaap Gross Profit
GrossProfit
9374000
CY2013Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
502000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
2075000
CY2013Q2 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
-21000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-264000
CY2013Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
51087000
CY2013Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
579000
CY2013Q2 us-gaap Costs And Expenses
CostsAndExpenses
47612000
CY2013Q2 us-gaap Home Building Costs
HomeBuildingCosts
38318000
CY2013Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4108000
CY2013Q2 us-gaap Construction And Development Costs
ConstructionAndDevelopmentCosts
3395000
CY2013Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
579000
CY2013Q2 us-gaap Share Based Compensation
ShareBasedCompensation
517000
CY2013Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1791000
CY2013Q2 us-gaap Interest Expense
InterestExpense
CY2013Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
257000
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-21000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1489000
CY2012Q4 us-gaap Debt Instrument Maturity Date Range End1
DebtInstrumentMaturityDateRangeEnd1
2015-02-28
CY2012Q4 us-gaap Debt Instrument Maturity Date Range Start1
DebtInstrumentMaturityDateRangeStart1
2013-08-01

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