Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONSOLIDATED INCOME STATEMENTS

v3.23.1
UNAUDITED CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Commissions and other sales costs $ (82,846) $ (65,540)
General and administrative expenses (47,519) (39,995)
Interest expense 0 (41)
Other income/(expense), net 8,844 (317)
Earnings before income taxes 165,303 285,883
Provision for income taxes (34,002) (68,629)
Net earnings $ 131,301 $ 217,254
Earnings per common share:    
Basic (in dollars per share) $ 3.58 $ 5.87
Diluted (in dollars per share) $ 3.54 $ 5.79
Weighted average number of shares:    
Basic (in shares) 36,664 36,996
Diluted (in shares) 37,121 37,527
Common Stock, Dividends, Per Share, Declared $ 0.27  
Homebuilding    
Revenue $ 1,279,308 $ 1,286,934
Cost of closings (995,407) (898,492)
Gross profit 283,901 388,442
Home closings    
Revenue 1,261,923 1,245,456
Cost of closings (979,462) (867,807)
Gross profit 282,461 377,649
Land closings    
Revenue 17,385 41,478
Cost of closings (15,945) (30,685)
Gross profit 1,440 10,793
Financial Services    
Revenue 5,731 4,672
Expense (3,067) (2,512)
Gross profit 2,923 3,334
Earnings from financial services unconsolidated entities and other, net $ 259 $ 1,174