$TPH
Tri Pointe Homes, Inc.

2014 Q4 Form 10-Q Financial Statement

#000119312514411289 Filed on November 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $635.0M $477.9M $58.54M
YoY Change 30.26% 716.41% 481.9%
Cost Of Revenue $505.0M $388.3M $247.7M
YoY Change 36.34% 56.76% 2683.15%
Gross Profit $127.5M $89.65M $76.20M
YoY Change -155.84% 17.65% 6351.99%
Gross Profit Margin 20.08% 18.76% 130.17%
Selling, General & Admin $55.70M $49.34M $44.37M
YoY Change 20.56% 11.21% 1629.86%
% of Gross Profit 43.68% 55.04% 58.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $800.0K $4.400M $9.000M
YoY Change -81.4% -51.11% 8900.0%
% of Gross Profit 0.63% 4.91% 11.81%
Operating Expenses $55.70M $49.34M $44.37M
YoY Change 20.3% 11.21% 1629.86%
Operating Profit $71.81M $33.28M $31.45M
YoY Change -126.15% 5.83% -2372.04%
Interest Expense -$100.0K $290.0K $828.0K
YoY Change -50.0% -64.98%
% of Operating Profit -0.14% 0.87% 2.63%
Other Income/Expense, Net -$800.0K $499.0K $186.0K
YoY Change -214.29% 168.28% -293.75%
Pretax Income $68.80M $16.99M $31.53M
YoY Change -124.44% -46.13% -2230.41%
Income Tax $27.40M $6.021M $11.59M
% Of Pretax Income 39.83% 35.45% 36.76%
Net Earnings $41.43M $10.97M $20.16M
YoY Change -123.25% -45.61% -1462.09%
Net Earnings / Revenue 6.52% 2.29% 34.44%
Basic Earnings Per Share $0.26 $0.07 $0.16
Diluted Earnings Per Share $0.26 $0.07 $0.15
COMMON SHARES
Basic Shares Outstanding 161.3M shares 158.9M 129.7M shares
Diluted Shares Outstanding 159.2M 130.7M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $170.6M $147.7M $35.21M
YoY Change 3691.11% 319.54% -22.11%
Cash & Equivalents $170.6M $147.7M $5.277M
Short-Term Investments $29.93M
Other Short-Term Assets $29.10M $27.10M
YoY Change 238.37%
Inventory $2.280B $2.264B $359.9M
Prepaid Expenses
Receivables $9.800M $15.90M $500.0K
Other Receivables $21.00M $19.30M $0.00
Total Short-Term Assets $2.511B $2.474B $392.7M
YoY Change 63.14% 529.92% 102.53%
LONG-TERM ASSETS
Property, Plant & Equipment $11.72M
YoY Change -32.6%
Goodwill $139.3M $132.5M
YoY Change
Intangibles $23.26M
YoY Change
Long-Term Investments $16.80M $16.10M $29.90M
YoY Change -19.62% -46.15%
Other Assets $157.8M $166.3M
YoY Change -45.4%
Total Long-Term Assets $379.1M $377.7M $38.27M
YoY Change 2.07% 886.98% 2291.75%
TOTAL ASSETS
Total Short-Term Assets $2.511B $2.474B $392.7M
Total Long-Term Assets $379.1M $377.7M $38.27M
Total Assets $2.890B $2.851B $431.0M
YoY Change 51.26% 561.63% 120.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.90M $62.50M $14.60M
YoY Change 15.41% 328.14% 274.31%
Accrued Expenses $128.0M $117.1M $11.07M
YoY Change 1.75% 957.62% 751.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $14.70M
YoY Change
Total Short-Term Liabilities $241.5M $214.0M $25.70M
YoY Change -77.0% 732.68% 394.23%
LONG-TERM LIABILITIES
Long-Term Debt $1.124B $1.164B $92.50M
YoY Change 1158.7% 99.35%
Other Long-Term Liabilities $52.10M $49.60M
YoY Change 49.71%
Total Long-Term Liabilities $1.176B $1.214B $92.50M
YoY Change 3279.02% 1212.32% 93.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $241.5M $214.0M $25.70M
Total Long-Term Liabilities $1.176B $1.214B $92.50M
Total Liabilities $1.417B $1.428B $118.1M
YoY Change 30.64% 1108.76% 123.29%
SHAREHOLDERS EQUITY
Retained Earnings $546.4M $505.0M $2.769M
YoY Change 18.22% 18136.94%
Common Stock $907.8M $1.613M $316.0K
YoY Change 171.07% 410.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.454B $1.409B $312.8M
YoY Change
Total Liabilities & Shareholders Equity $2.890B $2.851B $431.0M
YoY Change 51.26% 561.63% 120.44%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $41.43M $10.97M $20.16M
YoY Change -123.25% -45.61% -1462.09%
Depreciation, Depletion And Amortization $800.0K $4.400M $9.000M
YoY Change -81.4% -51.11% 8900.0%
Cash From Operating Activities $27.00M -$245.0M -$27.70M
YoY Change -75.3% 784.48% 37.81%
INVESTING ACTIVITIES
Capital Expenditures -$1.800M -$1.800M -$8.500M
YoY Change 12.5% -78.82%
Acquisitions
YoY Change
Other Investing Activities -$700.0K $53.00M $39.60M
YoY Change -128.0% 33.84%
Cash From Investing Activities -$2.500M $51.20M $31.20M
YoY Change -412.5% 64.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.600M -607.4M -21.10M
YoY Change -98.56% 2778.67% -136.82%
NET CHANGE
Cash From Operating Activities 27.00M -245.0M -27.70M
Cash From Investing Activities -2.500M 51.20M 31.20M
Cash From Financing Activities -1.600M -607.4M -21.10M
Net Change In Cash 22.90M -801.2M -17.60M
YoY Change -2962.5% 4452.27% -147.31%
FREE CASH FLOW
Cash From Operating Activities $27.00M -$245.0M -$27.70M
Capital Expenditures -$1.800M -$1.800M -$8.500M
Free Cash Flow $28.80M -$243.2M -$19.20M
YoY Change -74.03% 1166.67% -4.48%

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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Our financial statements have been prepared in accordance with GAAP. The preparation of these financial statements requires our management to make estimates and judgments that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of costs and expenses during the reporting period. On an ongoing basis, our management evaluates its estimates and judgments. Our management bases its estimates and judgments on historical experience and on various other factors that we believe to be reasonable under the circumstances. Actual results may differ from our estimates.</p> </div>
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0.07
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549000
CY2013Q3 tph Provision For Income Taxes
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CY2014Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2014Q3 us-gaap Share Based Compensation
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CY2014Q3 us-gaap Real Estate Revenue Net
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CY2014Q3 us-gaap Income Loss From Equity Method Investments
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CY2014Q3 us-gaap Business Acquisitions Pro Forma Revenue
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CY2014Q3 us-gaap Business Combination Integration Related Costs
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14839000
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15129000
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CY2014Q3 us-gaap General And Administrative Expense
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20951000
CY2014Q3 us-gaap Severance Costs1
SeveranceCosts1
6817000
CY2014Q3 tph Provision For Income Taxes
ProvisionForIncomeTaxes
6021000

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