$TPH
Tri Pointe Homes, Inc.

2024 Q4 Form 10-Q Financial Statement

#000156168024000092 Filed on October 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $1.145B
YoY Change 36.51%
Cost Of Revenue $879.5M
YoY Change 36.89%
Gross Profit $265.1M
YoY Change 35.28%
Gross Profit Margin 23.16%
Selling, General & Admin $120.5M
YoY Change 18.12%
% of Gross Profit 45.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.548M
YoY Change 23.88%
% of Gross Profit 3.22%
Operating Expenses $120.5M
YoY Change 11.45%
Operating Profit $144.7M
YoY Change 64.58%
Interest Expense $0.00
YoY Change
% of Operating Profit 0.0%
Other Income/Expense, Net $6.658M
YoY Change -43.09%
Pretax Income $151.5M
YoY Change 52.23%
Income Tax $39.80M
% Of Pretax Income 26.26%
Net Earnings $111.8M
YoY Change 48.22%
Net Earnings / Revenue 9.76%
Basic Earnings Per Share $1.19
Diluted Earnings Per Share $1.18
COMMON SHARES
Basic Shares Outstanding 93.59M shares 93.59M shares
Diluted Shares Outstanding 94.64M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $676.0M
YoY Change -20.38%
Cash & Equivalents $676.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $3.413B
Prepaid Expenses
Receivables $47.72M
Other Receivables $79.06M
Total Short-Term Assets $4.215B
YoY Change -4.1%
LONG-TERM ASSETS
Property, Plant & Equipment $61.29M
YoY Change -7.99%
Goodwill $139.3M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $130.8M
YoY Change -6.17%
Other Assets $57.60M
YoY Change 42.94%
Total Long-Term Assets $563.9M
YoY Change 18.76%
TOTAL ASSETS
Total Short-Term Assets $4.215B
Total Long-Term Assets $563.9M
Total Assets $4.779B
YoY Change -1.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $75.21M
YoY Change 36.26%
Accrued Expenses $387.8M
YoY Change 5.58%
Deferred Revenue $55.21M
YoY Change 12.73%
Short-Term Debt $75.47M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $523.3M
YoY Change -5.25%
LONG-TERM LIABILITIES
Long-Term Debt $997.7M
YoY Change -27.79%
Other Long-Term Liabilities $8.326M
YoY Change -31.19%
Total Long-Term Liabilities $1.006B
YoY Change -27.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $523.3M
Total Long-Term Liabilities $1.006B
Total Liabilities $1.529B
YoY Change -21.42%
SHAREHOLDERS EQUITY
Retained Earnings $3.249B
YoY Change 11.18%
Common Stock $936.0K
YoY Change -3.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.250B
YoY Change
Total Liabilities & Shareholders Equity $4.779B
YoY Change -1.87%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $111.8M
YoY Change 48.22%
Depreciation, Depletion And Amortization $8.548M
YoY Change 23.88%
Cash From Operating Activities $167.9M
YoY Change -330.27%
INVESTING ACTIVITIES
Capital Expenditures $6.386M
YoY Change -4.69%
Acquisitions
YoY Change
Other Investing Activities -$3.920M
YoY Change -306.32%
Cash From Investing Activities -$10.31M
YoY Change 114.71%
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
YoY Change -146.36%
NET CHANGE
Cash From Operating Activities 167.9M
Cash From Investing Activities -10.31M
Cash From Financing Activities 25.45M
Net Change In Cash 183.0M
YoY Change -238.02%
FREE CASH FLOW
Cash From Operating Activities $167.9M
Capital Expenditures $6.386M
Free Cash Flow $161.5M
YoY Change -302.87%

Facts In Submission

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us-gaap Profit Loss
ProfitLoss
328757000 usd
us-gaap Profit Loss
ProfitLoss
214437000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23572000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20066000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
383000 usd
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
2444000 usd
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
758000 usd
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
0 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
3495000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
0 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
74485000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
247846000 usd
us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
79313000 usd
us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-110911000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-50043000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
9527000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
10381000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7093000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
3332000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
67773000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
335763000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
124797000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18933000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19136000 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
6434000 usd
tph Distributions From Unconsolidated Entities
DistributionsFromUnconsolidatedEntities
17289000 usd
tph Distributions From Unconsolidated Entities
DistributionsFromUnconsolidatedEntities
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25716000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25570000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
420000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
910000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
462844000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
282400000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
206935000 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
6955000 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
16612000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
9802000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
96636000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
124523000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-503043000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-139852000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-192996000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-40625000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
675957000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
849039000 usd
CY2024Q3 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>
CY2024Q3 us-gaap Principal Amount Outstanding On Loans Held For Sale Or Securitization
PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization
79300000 usd
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
758000 usd
tph Number Of Principal Businesses
NumberOfPrincipalBusinesses
2 business_line
us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 subsegment
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1144673000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
838516000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3238999000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2455506000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
151547000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
99551000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
441356000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
286201000 usd
CY2024Q3 us-gaap Assets
Assets
4779255000 usd
CY2023Q4 us-gaap Assets
Assets
4914588000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
111759000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
75402000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
75402000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
328816000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
328816000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
210868000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
210868000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93600678 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98018498 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94294800 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99534570 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1039533 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1011712 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
786373 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
923787 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94640211 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99030210 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95081173 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100458357 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.19
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.77
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.12
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.18
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.76
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.46
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.10
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1119501 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2605025 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1426229 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2692950 shares
CY2024Q3 tph Escrow Proceeds And Other Accounts Receivable Net
EscrowProceedsAndOtherAccountsReceivableNet
47718000 usd
CY2023Q4 tph Escrow Proceeds And Other Accounts Receivable Net
EscrowProceedsAndOtherAccountsReceivableNet
158622000 usd
CY2024Q3 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
66007000 usd
CY2023Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
66014000 usd
CY2024Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
113725000 usd
CY2023Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
224636000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
436000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
436000 usd
CY2024Q3 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
1540492000 usd
CY2023Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
1402762000 usd
CY2024Q3 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1203923000 usd
CY2023Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1299074000 usd
CY2024Q3 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
156394000 usd
CY2023Q4 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
153615000 usd
CY2024Q3 tph Real Estate Inventories Owned Model Homes
RealEstateInventoriesOwnedModelHomes
288079000 usd
CY2023Q4 tph Real Estate Inventories Owned Model Homes
RealEstateInventoriesOwnedModelHomes
306565000 usd
CY2024Q3 tph Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Inventory Real Estate Owned
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedInventoryRealEstateOwned
3188888000 usd
CY2023Q4 tph Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Inventory Real Estate Owned
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedInventoryRealEstateOwned
3162016000 usd
CY2024Q3 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
223745000 usd
CY2023Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
175467000 usd
CY2024Q3 tph Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Real Estate Not Owned
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedRealEstateNotOwned
223745000 usd
CY2023Q4 tph Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Real Estate Not Owned
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedRealEstateNotOwned
175467000 usd
CY2024Q3 us-gaap Inventory Real Estate
InventoryRealEstate
3412633000 usd
CY2023Q4 us-gaap Inventory Real Estate
InventoryRealEstate
3337483000 usd
CY2024Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
25253000 usd
CY2023Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
36919000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
91787000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
111792000 usd
CY2024Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
25253000 usd
CY2023Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
36919000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
91787000 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
111792000 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
0 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
0 usd
us-gaap Interest Expense
InterestExpense
0 usd
us-gaap Interest Expense
InterestExpense
0 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
CY2023Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
221647000 usd
CY2022Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
191411000 usd
CY2024Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
25253000 usd
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
36919000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
91787000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
111792000 usd
CY2024Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
38762000 usd
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
27264000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
108772000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
73196000 usd
CY2024Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
204662000 usd
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
230007000 usd
CY2024Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
204662000 usd
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
230007000 usd
CY2023Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
11500000 usd
CY2024Q3 tph Land Option Abandonments And Pre Acquisition Charges
LandOptionAbandonmentsAndPreAcquisitionCharges
1074000 usd
CY2023Q3 tph Land Option Abandonments And Pre Acquisition Charges
LandOptionAbandonmentsAndPreAcquisitionCharges
197000 usd
tph Land Option Abandonments And Pre Acquisition Charges
LandOptionAbandonmentsAndPreAcquisitionCharges
2444000 usd
tph Land Option Abandonments And Pre Acquisition Charges
LandOptionAbandonmentsAndPreAcquisitionCharges
1175000 usd
CY2024Q3 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
1074000 usd
CY2023Q3 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
197000 usd
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
2444000 usd
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
12675000 usd
CY2024Q3 tph Variable Interest Entity Deposits At Risk
VariableInterestEntityDepositsAtRisk
223745000 usd
CY2024Q3 tph Variable Interest Entity Remaining Purchase Price
VariableInterestEntityRemainingPurchasePrice
2056747000 usd
CY2024Q3 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
CY2024Q3 us-gaap Goodwill
Goodwill
139300000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
139300000 usd
CY2024Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
15612000 usd
CY2024Q3 us-gaap Deposit Assets
DepositAssets
9016000 usd
CY2023Q4 us-gaap Deposit Assets
DepositAssets
8726000 usd
CY2024Q3 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
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3996000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5089000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
61285000 usd
CY2024Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
13051000 usd
CY2023Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
0 usd
CY2024Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
3736000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
936000 usd
CY2024Q3 us-gaap Other Assets
OtherAssets
171472000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
157093000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
62427000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
68575000 usd
CY2024Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
107307000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
106993000 usd
CY2024Q3 tph Estimated Cost For Completion Of Real Estate Inventories
EstimatedCostForCompletionOfRealEstateInventories
122299000 usd
CY2023Q4 tph Estimated Cost For Completion Of Real Estate Inventories
EstimatedCostForCompletionOfRealEstateInventories
108175000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
55213000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
43991000 usd
CY2024Q3 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
5073000 usd
CY2023Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
23138000 usd
CY2024Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
14860000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
8470000 usd
CY2024Q3 tph Other Tax Liability
OtherTaxLiability
3494000 usd
CY2023Q4 tph Other Tax Liability
OtherTaxLiability
2976000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
77419000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
78782000 usd
CY2024Q3 us-gaap Other Liabilities
OtherLiabilities
8326000 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
12431000 usd
CY2024Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
456418000 usd
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
453531000 usd
CY2024Q3 us-gaap Loans Payable
LoansPayable
275914000 usd
CY2023Q4 us-gaap Loans Payable
LoansPayable
288337000 usd
CY2024Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
25300000 usd
CY2023Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
36900000 usd
CY2024Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
610000 usd
CY2023Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1300000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
91800000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
111800000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3100000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3800000 usd
CY2024Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
14900000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
8500000 usd
CY2024Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 usd
CY2023Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 usd
CY2024Q3 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
66000000.0 usd
CY2023Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
66000000.0 usd
CY2024Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
107196000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
106993000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
104375000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
27225000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
18523000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
26911000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
27789000 usd
CY2024Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
107307000 usd
CY2024Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
107307000 usd
CY2023Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
95109000 usd
us-gaap Lease Cost
LeaseCost
8994000 usd
us-gaap Lease Cost
LeaseCost
7776000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5990000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3820000 usd
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8708000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6989000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24327000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15012000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
48600000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y4M24D
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
CY2024Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
38000000.0 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
38000000.0 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3400000 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3400000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39800000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22900000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
112600000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
71800000 usd
tph Interest Paid Capitalized Net
InterestPaidCapitalizedNet
-9500000 usd
tph Interest Paid Capitalized Net
InterestPaidCapitalizedNet
-18954000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
38572000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7919000 usd
tph Increase Decrease In Shares Withheld For Taxes
IncreaseDecreaseInSharesWithheldForTaxes
672000 usd
tph Increase Decrease In Shares Withheld For Taxes
IncreaseDecreaseInSharesWithheldForTaxes
1065000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
511000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
791000 usd
tph Amortization Of Deferred Loan Costs
AmortizationOfDeferredLoanCosts
2599000 usd
tph Amortization Of Deferred Loan Costs
AmortizationOfDeferredLoanCosts
2985000 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

Files In Submission

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0001561680-24-000092-index.html Edgar Link pending
0001561680-24-000092.txt Edgar Link pending
0001561680-24-000092-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
q32024tphex311.htm Edgar Link pending
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report.css Edgar Link pending
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tph-20240930.htm Edgar Link pending
tph-20240930.xsd Edgar Link pending
tph-20240930_g1.jpg Edgar Link pending
tripointeceoaremploymentag.htm Edgar Link pending
tripointepresidentandcooar.htm Edgar Link pending
tph-20240930_cal.xml Edgar Link unprocessable
tph-20240930_def.xml Edgar Link unprocessable
tph-20240930_lab.xml Edgar Link unprocessable
tph-20240930_pre.xml Edgar Link unprocessable
tph-20240930_htm.xml Edgar Link completed