filings.toolsItem 6. Selected Financial Data.
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Item 6. Selected Financial Data.
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(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 are not necessarily indicative of results of future operations. The selected financial data should be read in conjunction with, and are qualified in their entirety by, the accompanying consolidated financial statements and related notes included herein.
| Year Ended December 31, | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| Consolidated Income Statement Data: | ||||||||||||||||||||
| Homebuilding data: | ||||||||||||||||||||
| Revenues | $ | 4,375,059 | $ | 4,134,481 | $ | 3,121,244 | $ | 2,611,195 | $ | 2,980,758 | ||||||||||
| Gross profit | 806,473 | 710,277 | 545,605 | 445,570 | 542,466 | |||||||||||||||
| Mortgage Banking data: | ||||||||||||||||||||
| Mortgage banking fees | 69,509 | 76,786 | 63,406 | 47,954 | 61,134 | |||||||||||||||
| Interest income | 4,940 | 4,983 | 4,504 | 5,702 | 5,411 | |||||||||||||||
| Interest expense | 549 | 545 | 546 | 875 | 1,126 | |||||||||||||||
| Consolidated data: | ||||||||||||||||||||
| Net Income | 281,630 | 266,477 | 180,588 | 129,420 | 206,005 | |||||||||||||||
| Earnings per share: | ||||||||||||||||||||
| Basic | $ | 65.83 | $ | 56.25 | $ | 36.04 | $ | 23.66 | $ | 34.96 | ||||||||||
| Diluted | $ | 63.50 | $ | 54.81 | $ | 35.12 | $ | 23.01 | $ | 33.42 | ||||||||||
| Weighted average number of shares outstanding: | ||||||||||||||||||||
| Basic | 4,278 | 4,737 | 5,011 | 5,469 | 5,893 | |||||||||||||||
| Diluted | 4,435 | 4,862 | 5,142 | 5,624 | 6,165 | |||||||||||||||
| December 31, | ||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| Consolidated Balance Sheet Data: | ||||||||||||||||||||
| Homebuilding inventory | $ | 869,486 | $ | 738,565 | $ | 678,131 | $ | 533,150 | $ | 431,329 | ||||||||||
| Contract land deposits, net | 294,676 | 236,885 | 191,538 | 131,930 | 100,786 | |||||||||||||||
| Total assets | 2,351,335 | 2,486,148 | 2,604,842 | 1,779,485 | 2,260,061 | |||||||||||||||
| Notes and loans payable (1) | 599,166 | 599,190 | 599,745 | 1,613 | 92,089 | |||||||||||||||
| Shareholders’ equity | 1,124,255 | 1,261,352 | 1,480,477 | 1,374,799 | 1,740,374 | |||||||||||||||
| Cash dividends per share | — | — | — | — | — |
| (1) | Balance does not include non-recourse debt related to the consolidated variable interest entity. |
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