UNAUDITED QUARTERLY INFORMATION

(000’s omitted, except per share data)



	1st Quarter			2nd Quarter			3rd Quarter			4th Quarter			Total (c)
2012
Homebuilding:
Revenues	$	852,184		$	1,033,154		$	1,255,327		$	1,518,445		$	4,659,110
Cost of revenues	745,563			876,990			1,044,765			1,261,012			3,928,331
Income (loss) before income taxes (a)	(20,352		)	23,939			79,179			75,225			157,991
Financial Services:
Revenues	$	28,852		$	36,251		$	47,264		$	48,521		$	160,888
Income (loss) before income taxes (b)	6,861			15,987			26,727			(24,012		)	25,563
Consolidated results:
Revenues	$	881,036		$	1,069,405		$	1,302,591		$	1,566,966		$	4,819,998
Income (loss) before income taxes	(13,491		)	39,926			105,906			51,213			183,554
Income tax benefit	(1,825		)	(2,510		)	(10,727		)	(7,529		)	(22,591		)
Net income (loss)	$	(11,666	)	$	42,436		$	116,633		$	58,742		$	206,145
Net income (loss) per share:
Basic	$	(0.03	)	$	0.11		$	0.31		$	0.15		$	0.54
Diluted	$	(0.03	)	$	0.11		$	0.30		$	0.15		$	0.54
Number of shares used in calculation:
Basic	380,502			380,655			381,355			383,404			381,562
Effect of dilutive securities	—			1,548			3,215			5,900			3,002
Diluted	380,502			382,203			384,570			389,304			384,564


(a)	Homebuilding income (loss) before income taxes includes losses on debt retirements totaling $32.1 million in the 4th Quarter.


(b)	Financial Services income (loss) before income taxes includes additional loan origination reserves of $49.0 million in the 4th Quarter.


(c)	Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.

UNAUDITED QUARTERLY INFORMATION

(000’s omitted, except per share data)



	1st Quarter			2nd Quarter			3rd Quarter			4th Quarter			Total (c)
2011
Homebuilding:
Revenues	$	783,767		$	904,831		$	1,114,027		$	1,230,971		$	4,033,596
Cost of revenues	685,960			793,465			944,882			1,079,370			3,503,677
Income (loss) before income taxes (a)	(46,365		)	(36,690		)	(211,126		)	18,351			(275,830		)
Financial Services:
Revenues	$	21,435		$	22,381		$	27,904		$	31,374		$	103,094
Income (loss) before income taxes (b)	973			(16,643		)	8,626			(27,426		)	(34,470		)
Consolidated results:
Revenues	$	805,202		$	927,212		$	1,141,931		$	1,262,345		$	4,136,690
Income (loss) before income taxes	(45,392		)	(53,333		)	(202,500		)	(9,075		)	(310,300		)
Income tax expense (benefit)	(5,866		)	2,052			(73,202		)	(22,896		)	(99,912		)
Net income (loss)	$	(39,526	)	$	(55,385	)	$	(129,298	)	$	13,821		$	(210,388	)
Net income (loss) per share:
Basic	$	(0.10	)	$	(0.15	)	$	(0.34	)	$	0.04		$	(0.55	)
Diluted	$	(0.10	)	$	(0.15	)	$	(0.34	)	$	0.04		$	(0.55	)
Number of shares used in calculation:
Basic	379,544			379,781			380,025			380,149			379,877
Effect of dilutive securities	—			—			—			1,112			—
Diluted	379,544			379,781			380,025			381,261			379,877

(a)

Homebuilding income (loss) before income taxes includes land-related charges of $0.7 million, $6.8 million, $3.9 million, and $24.4 million in the 1st Quarter, 2nd Quarter, 3rd Quarter, and 4th Quarter, respectively; goodwill impairment charges totaling $240.5 million in the 3rd Quarter; and losses on debt retirements of $3.5 million and $2.1 million in the 2nd Quarter and 4th Quarter, respectively.


(b)	Financial Services income (loss) before income taxes includes additional loan origination reserves of $19.3 million and $40.0 million in the 2nd Quarter and 4th Quarter, respectively.


(c)	Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.