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Item 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,
20152014201320122011
Consolidated income statement data:
Homebuilding data:
Revenues$5,065,200$4,375,059$4,134,481$3,121,244$2,611,195
Gross profit946,418806,473710,277545,605445,570
Mortgage Banking data:
Mortgage banking fees93,80869,50976,78663,40647,954
Interest income6,4854,9404,9834,5045,702
Interest expense641549545546875
Consolidated data:
Net income382,927281,630266,477180,588129,420
Earnings per share:
Basic$95.21$65.83$56.25$36.04$23.66
Diluted$89.99$63.50$54.81$35.12$23.01
Weighted average number of shares outstanding:
Basic4,0224,2784,7375,0115,469
Diluted4,2554,4354,8625,1425,624
December 31,
20152014201320122011
Consolidated balance sheet data:
Homebuilding inventory$1,006,526$869,486$738,565$678,131$533,150
Contract land deposits, net343,295294,676236,885191,538131,930
Total assets2,515,1312,351,3352,486,1482,604,8421,779,485
Notes and loans payable (1)599,260599,166599,190599,7451,613
Shareholders’ equity1,239,1651,124,2551,261,3521,480,4771,374,799
Cash dividends per share—————
(1)Balance does not include non-recourse debt related to the consolidated variable interest entity.

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