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Segment Information | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Segment information | Segment information Our Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the U.S. and the construction of housing on such land. Home sale revenues for detached and attached homes were $11.2 billion and $2.2 billion in 2021, $8.9 billion and $1.6 billion in 2020, and $8.3 billion and $1.6 billion in 2019, respectively. For reporting purposes, our Homebuilding operations are aggregated into six reportable segments:
Northeast: |  | Connecticut, Maryland, Massachusetts, New Jersey, Pennsylvania, Virginia
Southeast: |  | Georgia, North Carolina, South Carolina, Tennessee
Florida: |  | Florida
Midwest: |  | Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio
Texas: |  | Texas
West: |  | Arizona, California, Colorado, Nevada, New Mexico, Washington
We also have a reportable segment for our Financial Services operations, which consist principally of mortgage banking, title, and insurance brokerage operations. The Financial Services segment operates generally in the same markets as the Homebuilding segments. Evaluation of segment performance is generally based on income before income taxes. Each reportable segment generally follows the same accounting policies described in Note 1.
| Operating Data by Segment ($000’s omitted) Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Revenues: |  |  |  |  |
Northeast | $ | 1,127,476 |  |  | $ | 846,337 |  |  | $ | 797,963 |
Southeast | 2,234,297 |  |  | 1,691,822 |  |  | 1,684,655 |
Florida | 3,154,583 |  |  | 2,350,055 |  |  | 2,074,194 |
Midwest | 1,979,997 |  |  | 1,514,132 |  |  | 1,495,037 |
Texas | 1,805,208 |  |  | 1,451,104 |  |  | 1,389,211 |
West | 3,235,789 |  |  | 2,820,463 |  |  | 2,537,466 |
| 13,537,350 |  |  | 10,673,913 |  |  | 9,978,526 |
Financial Services | 389,532 |  |  | 362,169 |  |  | 234,431 |
Consolidated revenues | $ | 13,926,882 |  |  | $ | 11,036,082 |  |  | $ | 10,212,957 |
Income before income taxes (a): |  |  |  |  |
Northeast | $ | 215,193 |  |  | $ | 136,985 |  |  | $ | 116,221 |
Southeast (b) | 417,880 |  |  | 258,794 |  |  | 175,763 |
Florida (c) | 585,680 |  |  | 362,276 |  |  | 309,596 |
Midwest | 285,825 |  |  | 213,017 |  |  | 184,438 |
Texas | 322,979 |  |  | 242,383 |  |  | 195,751 |
West | 594,976 |  |  | 424,803 |  |  | 386,361 |
Other homebuilding (d) | (134,405) |  |  | (96,201) |  |  | (131,869) |
| 2,288,128 |  |  | 1,542,057 |  |  | 1,236,261 |
Financial Services | 221,717 |  |  | 186,637 |  |  | 103,315 |
Consolidated income before income taxes | $ | 2,509,845 |  |  | $ | 1,728,694 |  |  | $ | 1,339,576 |
(a)Includes certain land-related charges (see the following table and Note 2). (b)Includes warranty charges totaling $14.8 million in 2019 related to a closed-out community (see Note 11). (c)Includes goodwill impairment charge totaling $20.2 million in 2020 (see Note 1). (d)Other homebuilding includes the amortization of intangible assets, amortization of capitalized interest, and other items not allocated to the operating segments. Also included are insurance reserve reversals of $81.1 million, $93.4 million, and $49.4 million in 2021, 2020 and 2019, respectively, partially offset by reserves against insurance receivables of $17.8 million and $22.6 million in 2020 and 2019, respectively (see Note 11) and a loss on debt retirement of $61.5 million in 2021 (see Note 5).
| Operating Data by Segment ($000's omitted) Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Land-related charges*: |  |  |  |  |
Northeast | $ | 1,433 |  |  | $ | 5,301 |  |  | $ | 1,122 |
Southeast | 5,365 |  |  | 3,815 |  |  | 15,697 |
Florida | 1,088 |  |  | 1,395 |  |  | 2,811 |
Midwest | 2,150 |  |  | 2,390 |  |  | 2,581 |
Texas | 1,357 |  |  | 4,588 |  |  | 1,151 |
West | 909 |  |  | 1,936 |  |  | 2,568 |
Other homebuilding | — |  |  | 880 |  |  | 1,171 |
| $ | 12,302 |  |  | $ | 20,305 |  |  | $ | 27,101 |
* Land-related charges include land impairments, NRV adjustments for land held for sale, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue. Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges. See Note 2 for additional discussion of these charges.
| Operating Data by Segment ($000's omitted) Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Depreciation and amortization: |  |  |  |  |
Northeast | $ | 2,631 |  |  | $ | 2,454 |  |  | $ | 1,962 |
Southeast | 4,765 |  |  | 4,308 |  |  | 4,448 |
Florida | 8,823 |  |  | 7,478 |  |  | 5,775 |
Midwest | 6,332 |  |  | 5,329 |  |  | 4,417 |
Texas | 4,989 |  |  | 3,631 |  |  | 3,423 |
West | 11,898 |  |  | 11,450 |  |  | 9,317 |
Other homebuilding | 24,811 |  |  | 26,459 |  |  | 19,553 |
| 64,249 |  |  | 61,109 |  |  | 48,895 |
Financial Services | 5,704 |  |  | 4,972 |  |  | 5,104 |
| $ | 69,953 |  |  | $ | 66,081 |  |  | $ | 53,999 |
| Operating Data by Segment
| ($000's omitted)
| December 31, 2021
| Homes Under Construction |  | Land Under Development |  | Raw Land |  | Total Inventory |  | Total Assets
Northeast | $ | 285,975 |  |  | $ | 246,128 |  |  | $ | 17,554 |  |  | $ | 549,657 |  |  | $ | 644,019 |
Southeast | 604,310 |  |  | 537,072 |  |  | 67,815 |  |  | 1,209,197 |  |  | 1,362,852 |
Florida (a) | 943,110 |  |  | 866,266 |  |  | 289,388 |  |  | 2,098,764 |  |  | 2,545,457 |
Midwest | 527,001 |  |  | 460,279 |  |  | 15,869 |  |  | 1,003,149 |  |  | 1,132,081 |
Texas | 581,417 |  |  | 512,925 |  |  | 95,833 |  |  | 1,190,175 |  |  | 1,315,943 |
West | 1,235,457 |  |  | 1,191,834 |  |  | 227,850 |  |  | 2,655,141 |  |  | 2,955,283 |
Other homebuilding (b) | 48,039 |  |  | 276,511 |  |  | 16,936 |  |  | 341,486 |  |  | 2,314,839 |
| 4,225,309 |  |  | 4,091,015 |  |  | 731,245 |  |  | 9,047,569 |  |  | 12,270,474 |
Financial Services | — |  |  | — |  |  | — |  |  | — |  |  | 1,082,157 |
| $ | 4,225,309 |  |  | $ | 4,091,015 |  |  | $ | 731,245 |  |  | $ | 9,047,569 |  |  | $ | 13,352,631 |
| December 31, 2020
| Homes Under Construction |  | Land Under Development |  | Raw Land |  | Total Inventory |  | Total Assets
Northeast | $ | 342,737 |  |  | $ | 203,561 |  |  | $ | 68,865 |  |  | $ | 615,163 |  |  | $ | 712,205 |
Southeast | 465,950 |  |  | 645,408 |  |  | 69,937 |  |  | 1,181,295 |  |  | 1,296,382 |
Florida (a) | 638,394 |  |  | 921,962 |  |  | 116,709 |  |  | 1,677,065 |  |  | 1,967,788 |
Midwest | 364,839 |  |  | 424,169 |  |  | 18,173 |  |  | 807,181 |  |  | 911,984 |
Texas | 354,256 |  |  | 458,893 |  |  | 66,024 |  |  | 879,173 |  |  | 955,436 |
West | 874,673 |  |  | 1,212,730 |  |  | 142,380 |  |  | 2,229,783 |  |  | 2,519,724 |
Other homebuilding (b) | 45,891 |  |  | 270,595 |  |  | 15,652 |  |  | 332,138 |  |  | 3,149,871 |
| 3,086,740 |  |  | 4,137,318 |  |  | 497,740 |  |  | 7,721,798 |  |  | 11,513,390 |
Financial Services | — |  |  | — |  |  | — |  |  | — |  |  | 692,108 |
| $ | 3,086,740 |  |  | $ | 4,137,318 |  |  | $ | 497,740 |  |  | $ | 7,721,798 |  |  | $ | 12,205,498 |
(a)Florida includes goodwill of $28.6 million at December 31, 2021 and 2020, net of a goodwill impairment charge of $20.2 million recorded during 2020. (b)Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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