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, 2023
Dec. 31, 2022
Dec. 31, 2021
Commissions and other sales costs $ (384,911) $ (323,266) $ (285,403)
General and administrative expenses (231,722) (192,984) (181,449)
Interest expense 0 (41) (318)
Other income, net 47,948 2,714 4,864
Loss on early extinguishment of debt (907) 0 (18,188)
Earnings before income taxes 949,430 1,289,318 954,834
Provision for income taxes (210,682) (297,126) (217,390)
Net earnings $ 738,748 $ 992,192 $ 737,444
Earnings per common share:      
Basic (in dollars per share) $ 20.17 $ 27.04 $ 19.61
Diluted (in dollars per share) $ 19.93 $ 26.74 $ 19.29
Weighted average number of shares:      
Basic (in shares) 36,619 36,694 37,610
Diluted (in shares) 37,069 37,101 38,233
Homebuilding      
Revenue $ 6,113,013 $ 6,268,727 $ 5,120,110
Cost of goods and services sold (4,606,457) (4,484,126) (3,702,816)
Total closing gross profit 1,506,556 1,784,601 1,417,294
Home closings      
Revenue 6,056,784 6,207,498 5,094,873
Cost of goods and services sold (4,554,671) (4,434,480) (3,676,496)
Total closing gross profit 1,502,113 1,773,018 1,418,377
Land      
Revenue 56,229 61,229 25,237
Cost of goods and services sold (51,786) (49,646) (26,320)
Total closing gross profit 4,443 11,583 (1,083)
Financial Service      
Revenue 25,250 23,476 21,207
Cost of revenue (12,128) (11,133) (9,182)
Total closing gross profit 12,466 18,294 18,034
(Loss)/earnings from financial services unconsolidated entities and other, net $ (656) $ 5,951 $ 6,009