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, 2021
Dec. 31, 2020
Dec. 31, 2019
Commissions and other sales costs $ (285,403) $ (287,901) $ (246,728)
General and administrative expenses (181,449) (159,020) (146,093)
Interest expense (318) (2,177) (8,370)
Other income, net 4,864 6,662 9,577
Loss on early extinguishment of debt (18,188) 0 (5,635)
Earnings before income taxes 954,834 533,566 302,945
Provision for income taxes (217,390) (110,091) (53,282)
Net earnings $ 737,444 $ 423,475 $ 249,663
Earnings per common share:      
Basic (in dollars per share) $ 19.61 $ 11.23 $ 6.55
Diluted (in dollars per share) $ 19.29 $ 11.00 $ 6.42
Weighted average number of shares:      
Basic (in shares) 37,610 37,718 38,100
Diluted (in shares) 38,233 38,484 38,891
Homebuilding      
Revenue $ 5,120,110 $ 4,482,120 $ 3,650,483
Cost of goods and services sold (3,702,816) (3,522,506) (2,970,868)
Total closing gross profit 1,417,294 959,614 679,615
Home closings      
Revenue 5,094,873 4,464,389 3,604,629
Cost of goods and services sold (3,676,496) (3,483,981) (2,923,969)
Total closing gross profit 1,418,377 980,408 680,660
Land      
Revenue 25,237 17,731 45,854
Cost of goods and services sold (26,320) (38,525) (46,899)
Total closing gross profit (1,083) (20,794) (1,045)
Financial Service      
Revenue 21,207 19,097 16,461
Cost of revenue (9,182) (7,797) (6,781)
Total closing gross profit 18,034 16,388 20,579
Earnings from financial services unconsolidated entities and other, net $ 6,009 $ 5,088 $ 10,899