filings.toolsItem 6. SELECTED FINANCIAL DATA
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Item 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data are derived from our Consolidated Financial Statements. The data should be read in conjunction with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” Item 1A, “Risk Factors,” Item 8, “Financial Statements and Supplementary Data,” and all other financial data contained in this annual report on Form 10-K. These historical results are not necessarily indicative of the results to be expected in the future.
| Year Ended September 30, | |||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
| (In millions, except per share data) | |||||||||||||||||||
| Operating Data: | |||||||||||||||||||
| Revenues: | |||||||||||||||||||
| Homebuilding | $ | 13,741.5 | $ | 11,861.8 | $ | 10,559.0 | $ | 7,858.5 | $ | 6,085.9 | |||||||||
| Financial Services | 349.5 | 295.6 | 265.0 | 166.4 | 173.4 | ||||||||||||||
| Inventory and land option charges | 40.2 | 31.4 | 60.3 | 85.2 | 31.1 | ||||||||||||||
| Gross profit — Homebuilding | 2,698.7 | 2,359.2 | 2,023.3 | 1,589.9 | 1,232.4 | ||||||||||||||
| Income before income taxes: | |||||||||||||||||||
| Homebuilding | 1,489.3 | 1,264.4 | 1,018.3 | 768.5 | 589.8 | ||||||||||||||
| Financial Services and Other | 112.8 | 89.1 | 105.1 | 45.7 | 68.0 | ||||||||||||||
| Income tax expense | 563.7 | 467.2 | 372.7 | 280.7 | 195.1 | ||||||||||||||
| Net income | 1,038.4 | 886.3 | 750.7 | 533.5 | 462.7 | ||||||||||||||
| Net income per share: | |||||||||||||||||||
| Basic | 2.77 | 2.39 | 2.05 | 1.57 | 1.44 | ||||||||||||||
| Diluted | 2.74 | 2.36 | 2.03 | 1.50 | 1.33 | ||||||||||||||
| Cash dividends declared per common share | 0.40 | 0.32 | 0.25 | 0.1375 | 0.1875 |
| September 30, | |||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
| (In millions) | |||||||||||||||||||
| Balance Sheet Data: | |||||||||||||||||||
| Cash and cash equivalents and marketable securities | $ | 1,007.8 | $ | 1,303.2 | $ | 1,383.8 | $ | 661.8 | $ | 977.4 | |||||||||
| Inventories | 9,237.1 | 8,340.9 | 7,807.0 | 7,700.5 | 6,197.4 | ||||||||||||||
| Total assets | 12,184.6 | 11,558.9 | 11,151.0 | 10,185.4 | 8,838.4 | ||||||||||||||
| Notes payable (1) | 2,871.6 | 3,271.3 | 3,811.5 | 3,665.7 | 3,491.0 | ||||||||||||||
| Total equity | 7,747.6 | 6,793.0 | 5,895.4 | 5,119.7 | 4,061.4 |
| (1) | Notes payable includes both homebuilding notes payable and amounts outstanding on our mortgage repurchase facility. |
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