Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Earnings from financial services unconsolidated entities and other, net $ 4,496 $ 11,945 $ 16,333
Commissions and other sales costs (287,901) (246,728) (241,897)
General and administrative expenses (159,020) (146,093) (138,478)
Interest expense (2,177) (8,370) (785)
Other income, net 6,662 9,577 11,217
Loss on early extinguishment of debt 0 (5,635) 0
Earnings before income taxes 533,566 302,945 283,254
Provision for income taxes (110,091) (53,282) (55,922)
Net earnings $ 423,475 $ 249,663 $ 227,332
Earnings per common share:      
Basic (in dollars per share) $ 11.23 $ 6.55 $ 5.67
Diluted (in dollars per share) $ 11.00 $ 6.42 $ 5.58
Weighted average number of shares:      
Basic (in shares) 37,718 38,100 40,107
Diluted (in shares) 38,484 38,891 40,728
Homebuilding      
Revenue $ 4,464,389 $ 3,604,629 $ 3,474,712
Cost of goods and services sold (3,483,981) (2,923,969) (2,842,762)
Total closing gross profit 980,408 680,660 631,950
Land [Member]      
Revenue 17,731 45,854 38,707
Cost of goods and services sold (38,525) (46,899) (41,504)
Total closing gross profit (20,794) (1,045) (2,797)
Real Estate [Member]      
Revenue 4,482,120 3,650,483 3,513,419
Cost of goods and services sold (3,522,506) (2,970,868) (2,884,266)
Total closing gross profit 959,614 679,615 629,153
Financial Service [Member]      
Revenue 19,097 16,461 15,162
Cost of revenue (7,797) (6,781) (6,454)
Total closing gross profit 16,388 20,579 24,044
Earnings from financial services unconsolidated entities and other, net $ 5,088 $ 10,899 $ 15,336