filings.toolsItem 6. Selected Financial Data.
4K characters. Original on sec.gov · Markdown
Item 6. Selected Financial Data.
| --- | --- |
| (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, | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
| Consolidated income statement data: | ||||||||||||||||||||
| Homebuilding data: | ||||||||||||||||||||
| Revenues | $ | 5,709,223 | $ | 5,065,200 | $ | 4,375,059 | $ | 4,134,481 | $ | 3,121,244 | ||||||||||
| Gross profit | 1,001,362 | 946,418 | 806,473 | 710,277 | 545,605 | |||||||||||||||
| Mortgage Banking data: | ||||||||||||||||||||
| Mortgage banking fees | 113,321 | 93,808 | 69,509 | 76,786 | 63,406 | |||||||||||||||
| Interest income | 7,569 | 6,485 | 4,940 | 4,983 | 4,504 | |||||||||||||||
| Interest expense | 1,086 | 641 | 549 | 545 | 546 | |||||||||||||||
| Consolidated data: | ||||||||||||||||||||
| Net income | 425,262 | 382,927 | 281,630 | 266,477 | 180,588 | |||||||||||||||
| Earnings per share: | ||||||||||||||||||||
| Basic | $ | 110.53 | $ | 95.21 | $ | 65.83 | $ | 56.25 | $ | 36.04 | ||||||||||
| Diluted | $ | 103.61 | $ | 89.99 | $ | 63.50 | $ | 54.81 | $ | 35.12 | ||||||||||
| Weighted average number of shares outstanding: | ||||||||||||||||||||
| Basic | 3,847 | 4,022 | 4,278 | 4,737 | 5,011 | |||||||||||||||
| Diluted | 4,104 | 4,255 | 4,435 | 4,862 | 5,142 | |||||||||||||||
| December 31, | ||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
| Consolidated balance sheet data: | ||||||||||||||||||||
| Homebuilding inventory | $ | 1,092,100 | $ | 1,006,526 | $ | 869,486 | $ | 738,565 | $ | 678,131 | ||||||||||
| Contract land deposits, net | 379,844 | 343,295 | 294,676 | 236,885 | 191,538 | |||||||||||||||
| Total assets (1) | 2,643,943 | 2,511,718 | 2,347,413 | 2,481,718 | 2,599,903 | |||||||||||||||
| Notes and loans payable (1) (2) | 596,455 | 595,847 | 595,244 | 594,760 | 594,806 | |||||||||||||||
| Shareholders’ equity | 1,304,441 | 1,239,165 | 1,124,255 | 1,261,352 | 1,480,477 | |||||||||||||||
| Cash dividends per share | — | — | — | — | — |
| (1) | In 2016, we adopted Accounting Standards Update (“ASU”) 2015-03, Interest – Imputation of Interest, which requires that debt issuance costs be presented on the balance sheet as a direct deduction from the carrying amount of the related debt liability. The balances as of December 31, 2016 reflect the amounts shown on the accompanying consolidated balance sheets following the adoption of the standard. For comparative purposes, the balances as of December 31, 2015, 2014, 2013 and 2012 have been adjusted and present the Notes net of unamortized debt issuance costs of $3,413, $3,922, $4,430 and $4,939, respectively. |
|---|
| (2) | Balance does not include non-recourse debt related to the consolidated variable interest entity. |
|---|
Previous: Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. · Next: Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.