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, 2024
Dec. 31, 2023
Dec. 31, 2022
Commissions and other sales costs $ (409,069) $ (384,911) $ (323,266)
General and administrative expenses (230,856) (231,722) (192,984)
Interest expense 0 0 (41)
Other income, net 45,156 47,948 2,714
Loss on early extinguishment of debt (631) (907) 0
Earnings before income taxes 1,002,870 949,430 1,289,318
Provision for income taxes (216,684) (210,682) (297,126)
Net earnings $ 786,186 $ 738,748 $ 992,192
Earnings per common share: (1)      
Basic (in dollars per share) $ 10.85 $ 10.09 $ 13.52
Diluted (in dollars per share) $ 10.72 $ 9.96 $ 13.37
Weighted average number of shares: (1)      
Basic (in shares) 72,476 73,238 73,388
Diluted (in shares) 73,332 74,138 74,202
Homebuilding      
Total closing revenue $ 6,363,872 $ 6,113,013 $ 6,268,727
Cost of goods and services sold (4,780,012) (4,606,457) (4,484,126)
Total closing gross profit 1,583,860 1,506,556 1,784,601
Home closings      
Total closing revenue 6,341,546 6,056,784 6,207,498
Cost of goods and services sold (4,761,703) (4,554,671) (4,434,480)
Total closing gross profit 1,579,843 1,502,113 1,773,018
Land      
Total closing revenue 22,326 56,229 61,229
Cost of goods and services sold (18,309) (51,786) (49,646)
Total closing gross profit 4,017 4,443 11,583
Financial Service      
Total closing revenue 31,163 25,250 23,476
Cost of revenue (14,657) (12,128) (11,133)
Total closing gross profit 14,410 12,466 18,294
(Loss)/earnings from financial services unconsolidated entities and other, net $ (2,096) $ (656) $ 5,951