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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues $ 2,658,943 $ 2,283,598 $ 5,037,352 $ 4,325,044
Interest expense (12,257) (13,270) (25,423) (26,667)
Income before taxes 574,012 417,465 1,139,957 729,471
Income tax benefit (expense) (140,698) (96,170) (280,543) (159,414)
Net income $ 433,314 $ 321,295 $ 859,414 $ 570,057
Basic earnings per share (USD per share) $ 131.84 $ 88.69 $ 257.65 $ 156.27
Diluted earnings per share (USD per share) $ 123.65 $ 82.45 $ 240.05 $ 145.53
Basic weighted average shares outstanding (in shares) 3,286,574 3,622,635 3,335,644 3,647,874
Diluted weighted average shares outstanding (in shares) 3,504,304 3,896,709 3,580,089 3,917,104
Home Building Segment        
Revenues $ 2,610,062 $ 2,224,560 $ 4,919,289 $ 4,188,271
Other income 3,896 1,632 5,235 3,218
Cost of Goods and Services Sold 1,924,727 1,721,673 3,576,092 3,299,126
Selling, general and administrative (132,432) (113,406) (261,942) (234,825)
Operating income 556,799 391,113 1,086,490 657,538
Interest expense (11,852) (12,850) (24,656) (25,856)
Income before taxes 544,947 378,263 1,061,834 631,682
Mortgage Banking        
Revenues 48,881 59,038 118,063 136,773
Interest income 2,772 2,209 4,846 4,241
Other income 1,303 988 2,375 1,855
General and administrative (23,486) (22,613) (46,394) (44,269)
Interest expense (405) (420) (767) (811)
Income before taxes $ 29,065 $ 39,202 $ 78,123 $ 97,789