Item 6. Selected Financial Data.
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Item 6. Selected Financial Data.
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(dollars in thousands, except per share amounts)
The following tables set forth selected consolidated financial data. The selected income statement and balance sheet data have been derived from our consolidated financial statements for each of the periods presented and is not necessarily indicative of results of future operations. The selected financial data should be read in conjunction with, and is qualified in its entirety by, the consolidated financial statements and related notes included elsewhere in this report.
Table of Contents
| Year Ended December 31, | ||||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||
| Consolidated Income Statement Data: | ||||||||||||||||||||
| Homebuilding data: | ||||||||||||||||||||
| Revenues | $ | 3,121,244 | $ | 2,611,195 | $ | 2,980,758 | $ | 2,683,467 | $ | 3,638,702 | ||||||||||
| Gross profit | 545,605 | 445,570 | 542,466 | 497,734 | 457,692 | |||||||||||||||
| Mortgage Banking data: | ||||||||||||||||||||
| Mortgage banking fees | 63,406 | 47,954 | 61,134 | 60,381 | 54,337 | |||||||||||||||
| Interest income | 4,504 | 5,702 | 5,411 | 2,979 | 3,955 | |||||||||||||||
| Interest expense | 546 | 875 | 1,126 | 1,184 | 754 | |||||||||||||||
| Consolidated data: | ||||||||||||||||||||
| Income from continuing operations | $ | 180,588 | $ | 129,420 | $ | 206,005 | $ | 192,180 | $ | 100,892 | ||||||||||
| Income from continuing operations per diluted share (1) | $ | 35.12 | $ | 23.01 | $ | 33.42 | $ | 31.26 | $ | 17.04 | ||||||||||
| December 31, | ||||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||
| Consolidated Balance Sheet Data: | ||||||||||||||||||||
| Homebuilding inventory | $ | 678,131 | $ | 533,150 | $ | 431,329 | $ | 418,718 | $ | 400,570 | ||||||||||
| Contract land deposits, net | 191,538 | 131,930 | 100,786 | 49,906 | 29,073 | |||||||||||||||
| Total assets | 2,604,842 | 1,779,485 | 2,260,061 | 2,395,770 | 2,103,236 | |||||||||||||||
| Notes and loans payable | 599,745 | 1,613 | 92,089 | 147,880 | 210,389 | |||||||||||||||
| Shareholders’ equity | 1,480,477 | 1,374,799 | 1,740,374 | 1,757,262 | 1,373,789 | |||||||||||||||
| Cash dividends per share | — | — | — | — | — |
| (1) | For the years ended December 31, 2012, 2011, 2010, 2009 and 2008, income from continuing operations per diluted share was computed based on 5,141,529; 5,623,817; 6,164,617; 6,148,769 and 5,920,285 shares, respectively, which represents the weighted average number of shares and share equivalents outstanding for each year. |
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