XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 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 |  | Nine Months Ended
| September 30, |  | September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Revenues: |  |  |  |  |  |  |
Northeast | $ | 252,986 |  |  | $ | 273,261 |  |  | $ | 665,771 |  |  | $ | 735,602 |
Southeast | 720,101 |  |  | 587,875 |  |  | 1,836,042 |  |  | 1,541,910 |
Florida | 953,778 |  |  | 740,569 |  |  | 2,714,485 |  |  | 2,157,374 |
Midwest | 562,891 |  |  | 505,012 |  |  | 1,569,332 |  |  | 1,337,416 |
Texas | 588,423 |  |  | 412,568 |  |  | 1,608,459 |  |  | 1,256,983 |
West | 792,928 |  |  | 868,283 |  |  | 2,423,901 |  |  | 2,250,407 |
| 3,871,107 |  |  | 3,387,568 |  |  | 10,817,990 |  |  | 9,279,692 |
Financial Services | 72,709 |  |  | 91,482 |  |  | 239,627 |  |  | 288,632 |
Consolidated revenues | $ | 3,943,816 |  |  | $ | 3,479,050 |  |  | $ | 11,057,617 |  |  | $ | 9,568,324 |
Income (loss) before income taxes: |  |  |  |  |  |  |
Northeast | $ | 52,682 |  |  | $ | 53,410 |  |  | $ | 140,052 |  |  | $ | 132,604 |
Southeast | 181,667 |  |  | 109,407 |  |  | 460,056 |  |  | 274,174 |
Florida | 220,850 |  |  | 133,642 |  |  | 628,979 |  |  | 382,682 |
Midwest | 79,168 |  |  | 72,537 |  |  | 230,419 |  |  | 196,205 |
Texas | 133,404 |  |  | 71,062 |  |  | 351,253 |  |  | 221,099 |
West | 149,001 |  |  | 173,137 |  |  | 468,873 |  |  | 403,039 |
Other homebuilding (a) | (33,009) |  |  | (41,432) |  |  | (112,070) |  |  | (122,317) |
| 783,763 |  |  | 571,763 |  |  | 2,167,562 |  |  | 1,487,486 |
Financial Services | 27,514 |  |  | 48,639 |  |  | 108,181 |  |  | 166,442 |
Consolidated income before income taxes | $ | 811,277 |  |  | $ | 620,402 |  |  | $ | 2,275,743 |  |  | $ | 1,653,928 |
(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 $56.6 million and a loss on debt retirement of $61.5 million in the nine months ended September 30, 2021 (see Note 8 and Note 4, respectively).
| Operating Data by Segment ($000’s omitted)
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Land-related charges (a): |  |  |  |  |  |  |
Northeast | $ | 3,759 |  |  | $ | 223 |  |  | $ | 3,961 |  |  | $ | 357 |
Southeast | 5,889 |  |  | 1,915 |  |  | 9,724 |  |  | 3,253 |
Florida | 4,881 |  |  | 209 |  |  | 6,493 |  |  | 642 |
Midwest | 1,677 |  |  | 477 |  |  | 2,780 |  |  | 969 |
Texas | 2,794 |  |  | 141 |  |  | 3,328 |  |  | 932 |
West | 5,462 |  |  | 602 |  |  | 6,189 |  |  | 667 |
Other homebuilding | — |  |  | — |  |  | — |  |  | — |
| $ | 24,462 |  |  | $ | 3,567 |  |  | $ | 32,475 |  |  | $ | 6,820 |
(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)
| September 30, 2022
| Homes Under Construction |  | Land Under Development |  | Raw Land |  | Total Inventory |  | Total Assets
Northeast | $ | 419,660 |  |  | $ | 220,715 |  |  | $ | 50,689 |  |  | $ | 691,064 |  |  | $ | 779,447 |
Southeast | 983,353 |  |  | 489,200 |  |  | 88,649 |  |  | 1,561,202 |  |  | 1,772,806 |
Florida | 1,494,755 |  |  | 1,049,632 |  |  | 150,892 |  |  | 2,695,279 |  |  | 3,202,654 |
Midwest | 712,962 |  |  | 592,427 |  |  | 25,570 |  |  | 1,330,959 |  |  | 1,468,414 |
Texas | 832,674 |  |  | 659,635 |  |  | 127,291 |  |  | 1,619,600 |  |  | 1,786,814 |
West | 1,947,389 |  |  | 1,319,823 |  |  | 229,116 |  |  | 3,496,328 |  |  | 3,860,637 |
Other homebuilding (a) | 44,525 |  |  | 321,887 |  |  | 12,233 |  |  | 378,645 |  |  | 668,782 |
| 6,435,318 |  |  | 4,653,319 |  |  | 684,440 |  |  | 11,773,077 |  |  | 13,539,554 |
Financial Services | — |  |  | — |  |  | — |  |  | — |  |  | 672,290 |
| $ | 6,435,318 |  |  | $ | 4,653,319 |  |  | $ | 684,440 |  |  | $ | 11,773,077 |  |  | $ | 14,211,844 |
| 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.

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration