$TPH
Tri Pointe Homes, Inc. Stock $tph

$tph Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000156168024000080 Filed on July 25, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$1.145B	$1.155B
YoY Change	36.51%	37.93%
Cost Of Revenue	$879.5M	$881.2M
YoY Change	36.89%	33.64%
Gross Profit	$265.1M	$273.7M
YoY Change	35.28%	53.82%
Gross Profit Margin	23.16%	23.7%
Selling, General & Admin	$120.5M	$124.6M
YoY Change	18.12%	26.77%
% of Gross Profit	45.44%	45.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$8.548M	$7.697M
YoY Change	23.88%	25.6%
% of Gross Profit	3.22%	2.81%
Operating Expenses	$120.5M	$124.6M
YoY Change	11.45%	17.89%
Operating Profit	$144.7M	$149.2M
YoY Change	64.58%	106.33%
Interest Expense	$0.00	$0.00
YoY Change
% of Operating Profit	0.0%	0.0%
Other Income/Expense, Net	$6.658M	$9.934M
YoY Change	-43.09%	-10.45%
Pretax Income	$151.5M	$159.2M
YoY Change	52.23%	90.82%
Income Tax	$39.80M	$41.20M
% Of Pretax Income	26.26%	25.87%
Net Earnings	$111.8M	$118.0M
YoY Change	48.22%	94.33%
Net Earnings / Revenue	9.76%	10.22%
Basic Earnings Per Share	$1.19	$1.25
Diluted Earnings Per Share	$1.18	$1.25
COMMON SHARES
Basic Shares Outstanding	93.59M shares	94.88M shares
Diluted Shares Outstanding	94.64M shares	94.74M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$676.0M	$492.9M
YoY Change	-20.38%	-49.78%
Cash & Equivalents	$676.0M	$492.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$3.413B	$3.466B
Prepaid Expenses
Receivables	$47.72M	$45.63M
Other Receivables	$79.06M	$66.01M
Total Short-Term Assets	$4.215B	$4.070B
YoY Change	-4.1%	-5.44%
LONG-TERM ASSETS
Property, Plant & Equipment	$61.29M	$63.42M
YoY Change	-7.99%	-5.05%
Goodwill	$139.3M	$139.3M
YoY Change	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments	$130.8M	$133.6M
YoY Change	-6.17%	-4.55%
Other Assets	$57.60M	$51.35M
YoY Change	42.94%	26.34%
Total Long-Term Assets	$563.9M	$525.8M
YoY Change	18.76%	10.51%
TOTAL ASSETS
Total Short-Term Assets	$4.215B	$4.070B
Total Long-Term Assets	$563.9M	$525.8M
Total Assets	$4.779B	$4.596B
YoY Change	-1.87%	-3.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$75.21M	$57.41M
YoY Change	36.26%	-26.76%
Accrued Expenses	$387.8M	$370.3M
YoY Change	5.58%	20.54%
Deferred Revenue	$55.21M	$58.41M
YoY Change	12.73%	25.04%
Short-Term Debt	$75.47M	$32.10M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$523.3M	$486.2M
YoY Change	-5.25%	-1.07%
LONG-TERM LIABILITIES
Long-Term Debt	$997.7M	$962.1M
YoY Change	-27.79%	-30.28%
Other Long-Term Liabilities	$8.326M	$8.497M
YoY Change	-31.19%	-32.07%
Total Long-Term Liabilities	$1.006B	$970.6M
YoY Change	-27.82%	-30.29%
TOTAL LIABILITIES
Total Short-Term Liabilities	$523.3M	$486.2M
Total Long-Term Liabilities	$1.006B	$970.6M
Total Liabilities	$1.529B	$1.457B
YoY Change	-21.42%	-22.67%
SHAREHOLDERS EQUITY
Retained Earnings	$3.249B	$3.139B
YoY Change	11.18%	8.41%
Common Stock	$936.0K	$939.0K
YoY Change	-3.8%	-5.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$3.250B	$3.139B
YoY Change
Total Liabilities & Shareholders Equity	$4.779B	$4.596B
YoY Change	-1.87%	-3.86%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$111.8M	$118.0M
YoY Change	48.22%	94.33%
Depreciation, Depletion And Amortization	$8.548M	$7.697M
YoY Change	23.88%	25.6%
Cash From Operating Activities	$167.9M	$23.15M
YoY Change	-330.27%	-62.72%
INVESTING ACTIVITIES
Capital Expenditures	$6.386M	$6.130M
YoY Change	-4.69%	3.13%
Acquisitions
YoY Change
Other Investing Activities	-$3.920M	-$9.017M
YoY Change	-306.32%	67.23%
Cash From Investing Activities	-$10.31M	-$15.15M
YoY Change	114.71%	33.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	25.45M	-459.1M
YoY Change	-146.36%	1193.49%
NET CHANGE
Cash From Operating Activities	167.9M	23.15M
Cash From Investing Activities	-10.31M	-15.15M
Cash From Financing Activities	25.45M	-459.1M
Net Change In Cash	183.0M	-451.1M
YoY Change	-238.02%	-3054.08%
FREE CASH FLOW
Cash From Operating Activities	$167.9M	$23.15M
Capital Expenditures	$6.386M	$6.130M
Free Cash Flow	$161.5M	$17.02M
YoY Change	-302.87%	-69.69%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q2	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#AccruedLiabilitiesAndOtherLiabilities
CY2023Q4	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#AccruedLiabilitiesAndOtherLiabilities
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-20788000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	889664000	usd
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1154924000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	837329000	usd
CY2024Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	159229000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	83443000	usd
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	99598933	shares
CY2024Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	680982	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1036031	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	94740019	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	100634964	shares
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.25
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.61
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.60
CY2024Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1305166	shares
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2580904	shares
CY2023Q2	us-gaap	Interest Costs Incurred InterestCostsIncurred	37394000	usd
	us-gaap	Interest Costs Incurred InterestCostsIncurred	66534000	usd
CY2024Q2	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	30378000	usd
CY2023Q2	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	37394000	usd
	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	66534000	usd
CY2024Q2	us-gaap	Interest Expense InterestExpense	0	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	0	usd
	us-gaap	Interest Expense InterestExpense	0	usd
CY2023Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	208639000	usd
CY2023Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	221647000	usd
CY2024Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	30378000	usd
CY2023Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	37394000	usd
	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	66534000	usd
CY2024Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	39164000	usd
CY2023Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	25681000	usd
	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	70010000	usd
CY2024Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	218171000	usd
CY2023Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	220352000	usd
CY2024Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	218171000	usd
CY2024Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
CY2023Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	11500000	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	usd
CY2024Q2	tph	Land Option Abandonments And Pre Acquisition Charges LandOptionAbandonmentsAndPreAcquisitionCharges	968000	usd
CY2023Q2	tph	Land Option Abandonments And Pre Acquisition Charges LandOptionAbandonmentsAndPreAcquisitionCharges	261000	usd
	tph	Land Option Abandonments And Pre Acquisition Charges LandOptionAbandonmentsAndPreAcquisitionCharges	1370000	usd
CY2024Q2	us-gaap	Production Related Impairments Or Charges ProductionRelatedImpairmentsOrCharges	968000	usd
CY2023Q2	us-gaap	Production Related Impairments Or Charges ProductionRelatedImpairmentsOrCharges	11761000	usd
	us-gaap	Production Related Impairments Or Charges ProductionRelatedImpairmentsOrCharges	1370000	usd
CY2024Q2	us-gaap	Other Assets OtherAssets	164684000	usd
CY2023Q4	us-gaap	Other Assets OtherAssets	157093000	usd
CY2024Q2	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	40420000	usd
CY2023Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	68575000	usd
CY2024Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	107196000	usd
CY2023Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	106993000	usd
CY2024Q2	tph	Estimated Cost For Completion Of Real Estate Inventories EstimatedCostForCompletionOfRealEstateInventories	134463000	usd
CY2023Q4	tph	Estimated Cost For Completion Of Real Estate Inventories EstimatedCostForCompletionOfRealEstateInventories	108175000	usd
CY2024Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	58411000	usd
CY2023Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	43991000	usd
CY2024Q2	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	0	usd
CY2023Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	23138000	usd
CY2024Q2	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	5908000	usd
CY2023Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	8470000	usd
CY2024Q2	tph	Other Tax Liability OtherTaxLiability	3126000	usd
CY2023Q4	tph	Other Tax Liability OtherTaxLiability	2976000	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	79216000	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	78782000	usd
CY2024Q2	us-gaap	Other Liabilities OtherLiabilities	8497000	usd
CY2023Q4	us-gaap	Other Liabilities OtherLiabilities	12431000	usd
CY2024Q2	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	437237000	usd
CY2023Q4	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	453531000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	127199000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	29452000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#OtherAssets
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#OtherAssets
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
	us-gaap	Gain Loss On Investments GainLossOnInvestments	3495000	usd
	us-gaap	Gain Loss On Investments GainLossOnInvestments	0	usd
	us-gaap	Increase Decrease In Mortgage Loans Held For Sale IncreaseDecreaseInMortgageLoansHeldForSale	32936000	usd
	us-gaap	Increase Decrease In Mortgage Loans Held For Sale IncreaseDecreaseInMortgageLoansHeldForSale	0	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-112999000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-52315000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	5688000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-2783000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-7423000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	16062000	usd
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-17219000	usd
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-15216000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	167894000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	197734000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	12547000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	12445000	usd
	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	-717000	usd
	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	0	usd
	us-gaap	Payments For Proceeds From Businesses And Interest In Affiliates PaymentsForProceedsFromBusinessesAndInterestInAffiliates	19869000	usd
	us-gaap	Payments For Proceeds From Businesses And Interest In Affiliates PaymentsForProceedsFromBusinessesAndInterestInAffiliates	8343000	usd
	tph	Distributions From Unconsolidated Entities DistributionsFromUnconsolidatedEntities	16289000	usd
	tph	Distributions From Unconsolidated Entities DistributionsFromUnconsolidatedEntities	0	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-15410000	usd
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	420000	usd
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	454828000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	usd
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	68963000	usd
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	0	usd
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	36867000	usd
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	0	usd
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	3877000	usd
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	5795000	usd
	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	1041000	usd
	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	518000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	16604000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	9796000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	86745000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	69970000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-528497000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-85043000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-376013000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	91903000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	868953000	usd
CY2024Q2	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	10	state
	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of these financial statements requires our management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from our estimates.</span></div>
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We define cash and cash equivalents as cash on hand, demand deposits with financial institutions, and short-term liquid investments with a maturity date of less than three months from the date of acquisition, including U.S. Treasury bills and government money-mark funds with maturities of 90 days or less when purchased. The Company’s cash balances exceed federally insurable limits. The Company monitors the cash balances in its operating accounts and adjusts the cash balances as appropriate; however, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company has experienced no loss or lack of access to cash in its operating accounts.</span></div>
	tph	Number Of Principal Businesses NumberOfPrincipalBusinesses	2	business_line
	us-gaap	Number Of Reporting Units NumberOfReportingUnits	3	subsegment
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2094326000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1616990000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	289809000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	186650000	usd
CY2024Q2	us-gaap	Assets Assets	4596198000	usd
CY2023Q4	us-gaap	Assets Assets	4914588000	usd
CY2024Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	118002000	usd
CY2024Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	118002000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	60724000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	60724000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	217057000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	135466000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	135466000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	94059037	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	94645676	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	100305168	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	659793	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	879825	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	95305469	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	101184993	shares
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.29
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.35
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.25
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.28
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.34
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1579593	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2737110	shares
CY2024Q2	tph	Escrow Proceeds And Other Accounts Receivable Net EscrowProceedsAndOtherAccountsReceivableNet	45630000	usd
CY2023Q4	tph	Escrow Proceeds And Other Accounts Receivable Net EscrowProceedsAndOtherAccountsReceivableNet	158622000	usd
CY2024Q2	us-gaap	Insurance Settlements Receivable InsuranceSettlementsReceivable	66007000	usd
CY2023Q4	us-gaap	Insurance Settlements Receivable InsuranceSettlementsReceivable	66014000	usd
CY2024Q2	us-gaap	Accounts And Notes Receivable Net AccountsAndNotesReceivableNet	111637000	usd
CY2023Q4	us-gaap	Accounts And Notes Receivable Net AccountsAndNotesReceivableNet	224636000	usd
CY2024Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	436000	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	436000	usd
CY2024Q2	us-gaap	Inventory Homes Under Construction InventoryHomesUnderConstruction	1637648000	usd
CY2023Q4	us-gaap	Inventory Homes Under Construction InventoryHomesUnderConstruction	1402762000	usd
CY2024Q2	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1172934000	usd
CY2023Q4	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1299074000	usd
CY2024Q2	us-gaap	Inventory Land Held For Development And Sale InventoryLandHeldForDevelopmentAndSale	155293000	usd
CY2023Q4	us-gaap	Inventory Land Held For Development And Sale InventoryLandHeldForDevelopmentAndSale	153615000	usd
CY2024Q2	tph	Real Estate Inventories Owned Model Homes RealEstateInventoriesOwnedModelHomes	305660000	usd
CY2023Q4	tph	Real Estate Inventories Owned Model Homes RealEstateInventoriesOwnedModelHomes	306565000	usd
CY2024Q2	tph	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Inventory Real Estate Owned BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedInventoryRealEstateOwned	3271535000	usd
CY2023Q4	tph	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Inventory Real Estate Owned BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedInventoryRealEstateOwned	3162016000	usd
CY2024Q2	us-gaap	Land Under Purchase Options Recorded LandUnderPurchaseOptionsRecorded	194276000	usd
CY2023Q4	us-gaap	Land Under Purchase Options Recorded LandUnderPurchaseOptionsRecorded	175467000	usd
CY2024Q2	tph	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Real Estate Not Owned BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedRealEstateNotOwned	194276000	usd
CY2023Q4	tph	Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Real Estate Not Owned BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedRealEstateNotOwned	175467000	usd
CY2024Q2	us-gaap	Inventory Real Estate InventoryRealEstate	3465811000	usd
CY2023Q4	us-gaap	Inventory Real Estate InventoryRealEstate	3337483000	usd
CY2024Q2	us-gaap	Interest Costs Incurred InterestCostsIncurred	30378000	usd
	us-gaap	Interest Costs Incurred InterestCostsIncurred	74873000	usd
	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	74873000	usd
	us-gaap	Interest Expense InterestExpense	0	usd
CY2024Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	226957000	usd
CY2022Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	191411000	usd
	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	74873000	usd
	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	45932000	usd
CY2023Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	220352000	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	11500000	usd
	tph	Land Option Abandonments And Pre Acquisition Charges LandOptionAbandonmentsAndPreAcquisitionCharges	978000	usd
	us-gaap	Production Related Impairments Or Charges ProductionRelatedImpairmentsOrCharges	12478000	usd
CY2024Q2	tph	Variable Interest Entity Deposits At Risk VariableInterestEntityDepositsAtRisk	194276000	usd
CY2024Q2	tph	Variable Interest Entity Remaining Purchase Price VariableInterestEntityRemainingPurchasePrice	1692602000	usd
CY2024Q2	tph	Variable Interest Entity Consolidated Inventory Held VariableInterestEntityConsolidatedInventoryHeld	0	usd
CY2023Q4	tph	Variable Interest Entity Deposits At Risk VariableInterestEntityDepositsAtRisk	175467000	usd
CY2023Q4	tph	Variable Interest Entity Remaining Purchase Price VariableInterestEntityRemainingPurchasePrice	1206798000	usd
CY2023Q4	tph	Variable Interest Entity Consolidated Inventory Held VariableInterestEntityConsolidatedInventoryHeld	0	usd
CY2024Q2	us-gaap	Goodwill Goodwill	139300000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	139300000	usd
CY2024Q2	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	8999000	usd
CY2023Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	8462000	usd
CY2024Q2	us-gaap	Deposit Assets DepositAssets	8285000	usd
CY2023Q4	us-gaap	Deposit Assets DepositAssets	8726000	usd
CY2024Q2	us-gaap	Real Estate Held For Development And Sale RealEstateHeldForDevelopmentAndSale	1192000	usd
CY2023Q4	us-gaap	Real Estate Held For Development And Sale RealEstateHeldForDevelopmentAndSale	1192000	usd
CY2024Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	4356000	usd
CY2023Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	5089000	usd
CY2024Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	63417000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	66284000	usd
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	65054000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	66404000	usd
CY2024Q2	us-gaap	Income Tax Receivable IncomeTaxReceivable	9645000	usd
CY2023Q4	us-gaap	Income Tax Receivable IncomeTaxReceivable	0	usd
CY2024Q2	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	3736000	usd
CY2023Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	936000	usd
CY2024Q2	us-gaap	Loans Payable LoansPayable	283929000	usd
CY2023Q4	us-gaap	Loans Payable LoansPayable	288337000	usd
CY2024Q2	tph	Number Of Seller Financed Loan NumberOfSellerFinancedLoan	2	loan
CY2023Q4	tph	Number Of Seller Financed Loan NumberOfSellerFinancedLoan	2	loan
CY2024Q2	us-gaap	Interest Costs Incurred InterestCostsIncurred	30400000	usd
CY2023Q2	us-gaap	Interest Costs Incurred InterestCostsIncurred	37400000	usd
CY2024Q2	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1300000	usd
CY2023Q2	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1300000	usd
	us-gaap	Interest Costs Incurred InterestCostsIncurred	66500000	usd
	us-gaap	Interest Costs Incurred InterestCostsIncurred	74900000	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2500000	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2500000	usd
CY2024Q2	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	5900000	usd
CY2023Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	8500000	usd
CY2023Q4	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	0	usd
CY2024Q2	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	0	usd
CY2024Q2	us-gaap	Insurance Settlements Receivable InsuranceSettlementsReceivable	66000000.0	usd
CY2023Q4	us-gaap	Insurance Settlements Receivable InsuranceSettlementsReceivable	66000000.0	usd
CY2024Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	106602000	usd
CY2023Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	101527000	usd
CY2024Q2	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	9834000	usd
CY2023Q2	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	6284000	usd
CY2024Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	9240000	usd
CY2023Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	8568000	usd
CY2024Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	107196000	usd
CY2023Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	99243000	usd
CY2024Q2	us-gaap	Lease Cost LeaseCost	3038000	usd
CY2023Q2	us-gaap	Lease Cost LeaseCost	2396000	usd
CY2024Q2	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	3374000	usd
CY2023Q2	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	89000	usd
CY2024Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	8940000	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4162000	usd
CY2024Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	56900000	usd
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P1Y7M6D
CY2024Q1	tph	Share Based Compensation Arrangement By Share Based Payment Award Number Of Performance Metrics ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPerformanceMetrics	2	metric
CY2023Q1	tph	Share Based Compensation Arrangement By Share Based Payment Award Number Of Performance Metrics ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPerformanceMetrics	2	metric
CY2024Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	38000000.0	usd
CY2023Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	38000000.0	usd
CY2024Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3400000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3400000	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	41200000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	21500000	usd
	us-gaap	Related Party Transaction Amounts Of Transaction RelatedPartyTransactionAmountsOfTransaction	0	usd
	us-gaap	Related Party Transaction Amounts Of Transaction RelatedPartyTransactionAmountsOfTransaction	0	usd
	tph	Interest Paid Capitalized Net InterestPaidCapitalizedNet	-2724000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	6719000	usd
	tph	Increase Decrease In Shares Withheld For Taxes IncreaseDecreaseInSharesWithheldForTaxes	0	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	523000	usd
	tph	Amortization Of Deferred Loan Costs AmortizationOfDeferredLoanCosts	1980000	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

Files In Submission

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0001561680-24-000080-index.html	Edgar Link	pending
0001561680-24-000080.txt	Edgar Link	pending
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$TPH
Tri Pointe Homes, Inc. Stock $tph

2024 Q3 Form 10-Q Financial Statement

#000156168024000080 Filed on July 25, 2024

Income Statement

Balance Sheet

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Facts In Submission

Files In Submission

$TPH Tri Pointe Homes, Inc. Stock $tph

2024 Q3 Form 10-Q Financial Statement

#000156168024000080 Filed on July 25, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TPH
Tri Pointe Homes, Inc. Stock $tph