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v3.19.3.a.u2

Quarterly Results (Unaudited) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Homebuilding |  |  |  |  |  |  |  |  |  |  |
Revenue from Contract with Customer, Excluding Assessed Tax |  |  |  |  |  |  |  |  | $ 10,212,957 | $ 10,188,331 | $ 8,577,686
Income before income taxes | $ 402,407 | $ 333,862 | $ 295,698 | $ 204,294 | $ 324,938 | $ 365,055 | $ 388,453 | $ 210,358 | 1,236,261 | 1,288,804 | 865,332
Financial Services: |  |  |  |  |  |  |  |  |  |  |
Income before income taxes | 33,544 | 32,284 | 25,078 | 12,409 | 4,553 | 19,633 | 20,717 | 13,833 | 103,315 | 58,736 |
Consolidated results: |  |  |  |  |  |  |  |  |  |  |
Consolidated revenues | 3,016,913 | 2,710,365 | 2,488,985 | 1,996,693 | 2,999,150 | 2,649,366 | 2,569,722 | 1,970,093 |  |  |
Income before income taxes | 435,951 | 366,146 | 320,776 | 216,703 | 329,491 | 384,688 | 409,170 | 224,191 | 1,339,576 | 1,347,540 | 938,828
Income tax expense | (100,153) | (93,042) | (79,735) | (49,946) | (91,842) | (95,153) | (85,081) | (53,440) | (322,876) | (325,517) | (491,607)
Net income | $ 335,798 | $ 273,104 | $ 241,041 | $ 166,757 | $ 237,649 | $ 289,535 | $ 324,089 | $ 170,751 | $ 1,016,700 | $ 1,022,023 | $ 447,221
Net income per share: |  |  |  |  |  |  |  |  |  |  |
Basic (usd per share) | $ 1.23 | $ 0.99 | $ 0.86 | $ 0.59 | $ 0.84 | $ 1.01 | $ 1.12 | $ 0.59 | $ 3.67 | $ 3.56 | $ 1.45
Diluted (usd per share) | $ 1.22 | $ 0.99 | $ 0.86 | $ 0.59 | $ 0.84 | $ 1.01 | $ 1.12 | $ 0.59 | $ 3.66 | $ 3.55 | $ 1.44
Number of shares used in calculation: |  |  |  |  |  |  |  |  |  |  |
Basic shares outstanding (shares) | 270,843 | 272,992 | 276,652 | 277,637 | 278,964 | 283,489 | 285,276 | 286,683 | 274,495 | 283,578 | 305,089
Effect of dilutive securities (shares) | 632 | 640 | 932 | 1,003 | 1,248 | 1,183 | 1,378 | 1,343 | 802 | 1,287 | 1,725
Diluted shares outstanding (shares) | 271,475 | 273,632 | 277,584 | 278,640 | 280,212 | 284,672 | 286,654 | 288,026 | 275,297 | 284,865 | 306,814
Financial Service [Member] |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |  |  |
Revenue from Contract with Customer, Excluding Assessed Tax | $ 69,797 | $ 64,815 | $ 55,957 | $ 43,862 | $ 55,059 | $ 51,620 | $ 52,764 | $ 45,938 | $ 234,431 | $ 205,382 | $ 192,160
Cost of Revenue |  |  |  |  |  |  |  |  | 130,770 | 147,422 | 119,289
Total Homebuilding [Member] |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  |  |  |  |  |  |  |  |  |  |
Revenue from Contract with Customer, Excluding Assessed Tax | 2,947,116 | 2,645,550 | 2,433,028 | 1,952,831 | 2,944,091 | 2,597,746 | 2,516,958 | 1,924,155 | 9,978,526 | 9,982,949 | 8,385,526
Cost of Revenue | $ 2,279,615 | $ 2,035,972 | $ 1,874,369 | $ 1,494,841 | $ 2,319,473 | $ 1,976,220 | $ 1,900,316 | $ 1,471,488 | $ 7,684,798 | $ 7,667,497 | $ 6,595,601

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