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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Components of Reportable Segments | 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
Operating Data By Reporting Segment |
| Operating Data by Segment ($000’s omitted)
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Revenues: |  |  |  |  |  |  |
Northeast | $ | 248,454 |  |  | $ | 285,874 |  |  | $ | 412,785 |  |  | $ | 462,342 |
Southeast | 587,743 |  |  | 517,256 |  |  | 1,115,941 |  |  | 954,034 |
Florida | 992,737 |  |  | 791,564 |  |  | 1,760,707 |  |  | 1,416,805 |
Midwest | 553,767 |  |  | 465,590 |  |  | 1,006,441 |  |  | 832,403 |
Texas | 573,763 |  |  | 470,294 |  |  | 1,020,036 |  |  | 844,416 |
West | 886,947 |  |  | 737,877 |  |  | 1,630,973 |  |  | 1,382,124 |
| 3,843,411 |  |  | 3,268,455 |  |  | 6,946,883 |  |  | 5,892,124 |
Financial Services | 82,775 |  |  | 91,029 |  |  | 166,918 |  |  | 197,150 |
Consolidated revenues | $ | 3,926,186 |  |  | $ | 3,359,484 |  |  | $ | 7,113,801 |  |  | $ | 6,089,274 |
Income (loss) before income taxes: |  |  |  |  |  |  |
Northeast | $ | 59,971 |  |  | $ | 53,300 |  |  | $ | 87,370 |  |  | $ | 79,194 |
Southeast | 152,257 |  |  | 93,444 |  |  | 278,389 |  |  | 164,766 |
Florida | 247,435 |  |  | 147,833 |  |  | 408,129 |  |  | 249,040 |
Midwest | 86,550 |  |  | 70,804 |  |  | 151,251 |  |  | 123,668 |
Texas | 134,133 |  |  | 84,388 |  |  | 217,849 |  |  | 150,037 |
West | 186,561 |  |  | 131,070 |  |  | 319,872 |  |  | 229,902 |
Other homebuilding (a) | (42,409) |  |  | 7,180 |  |  | (79,062) |  |  | (80,884) |
| 824,498 |  |  | 588,019 |  |  | 1,383,798 |  |  | 915,723 |
Financial Services | 40,075 |  |  | 51,454 |  |  | 80,668 |  |  | 117,803 |
Consolidated income before income taxes | $ | 864,573 |  |  | $ | 639,473 |  |  | $ | 1,464,466 |  |  | $ | 1,033,526 |
(a)Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the other segments. Other homebuilding also includes insurance reserve reversals of $49.1 million and $55.2 million for the three and six months ended June 30, 2021, respectively (see Note 8), and a loss on debt retirement of $61.5 million in the six months ended June 30, 2021 (see Note 4).
| Operating Data by Segment ($000’s omitted)
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Land-related charges (a): |  |  |  |  |  |  |
Northeast | $ | 100 |  |  | $ | 18 |  |  | $ | 202 |  |  | $ | 134 |
Southeast | 1,933 |  |  | 883 |  |  | 3,835 |  |  | 1,339 |
Florida | 641 |  |  | 302 |  |  | 1,612 |  |  | 433 |
Midwest | 944 |  |  | 438 |  |  | 1,102 |  |  | 492 |
Texas | 294 |  |  | 263 |  |  | 534 |  |  | 791 |
West | 591 |  |  | (19) |  |  | 728 |  |  | 65 |
Other homebuilding | — |  |  | — |  |  | — |  |  | — |
| $ | 4,503 |  |  | $ | 1,885 |  |  | $ | 8,013 |  |  | $ | 3,254 |
(a) Land-related charges include land impairments, net realizable value adjustments on land held for sale, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue.
Total Assets And Inventory By Reporting Segment |
| Operating Data by Segment
| ($000's omitted)
| June 30, 2022
| Homes Under Construction |  | Land Under Development |  | Raw Land |  | Total Inventory |  | Total Assets
Northeast | $ | 385,827 |  |  | $ | 226,922 |  |  | $ | 49,687 |  |  | $ | 662,436 |  |  | $ | 762,972 |
Southeast | 928,441 |  |  | 469,621 |  |  | 85,948 |  |  | 1,484,010 |  |  | 1,651,072 |
Florida | 1,352,877 |  |  | 902,309 |  |  | 228,910 |  |  | 2,484,096 |  |  | 3,002,618 |
Midwest | 678,149 |  |  | 448,266 |  |  | 29,607 |  |  | 1,156,022 |  |  | 1,297,723 |
Texas | 802,580 |  |  | 567,713 |  |  | 139,742 |  |  | 1,510,035 |  |  | 1,671,542 |
West | 1,715,411 |  |  | 1,134,767 |  |  | 234,789 |  |  | 3,084,967 |  |  | 3,404,950 |
Other homebuilding (a) | 52,762 |  |  | 279,373 |  |  | 15,743 |  |  | 347,878 |  |  | 1,173,333 |
| 5,916,047 |  |  | 4,028,971 |  |  | 784,426 |  |  | 10,729,444 |  |  | 12,964,210 |
Financial Services | — |  |  | — |  |  | — |  |  | — |  |  | 736,126 |
| $ | 5,916,047 |  |  | $ | 4,028,971 |  |  | $ | 784,426 |  |  | $ | 10,729,444 |  |  | $ | 13,700,336 |
| 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 | 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 (a) | 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 |
(a)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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