XML 84 R67.htm IDEA: XBRL DOCUMENT v3.3.1.900
Senior Notes, Secured, and Subordinated Indebtedness - Consolidating Balance Sheet (Details) - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
ASSETS        
Cash and cash equivalents $ 50,203 $ 52,771 $ 171,672 $ 71,075
Restricted cash 504 504    
Receivables 14,838 21,250    
Escrow proceeds receivable 3,041 2,915    
Real estate inventories 1,675,106 1,404,639    
Investment in unconsolidated joint ventures 5,413 2,500    
Goodwill 66,902 60,887    
Intangibles, net of accumulated amortization of $4,640 and $3,683 and as of December 31, 2015 and 2014, respectively 6,700 7,657    
Deferred income taxes, net 79,726 88,039    
Other assets, net 21,017 18,562    
Investments in subsidiaries 0 0    
Intercompany receivables 0 0    
Total assets 1,923,450 1,659,724    
LIABILITIES AND EQUITY        
Accounts payable 75,881 51,814    
Accrued expenses 70,324 85,366    
Notes payable 175,181 39,235    
Long-term debt, gross 1,105,776 925,398    
Intercompany payables 0 0    
Total liabilities 1,251,981 1,062,578    
Equity        
William Lyon Homes stockholders’ equity 632,095 569,915    
Noncontrolling interests 39,374 27,231    
Total liabilities and equity 1,923,450 1,659,724    
Delaware Lyon        
ASSETS        
Cash and cash equivalents 0 0 0 0
Restricted cash 0 0    
Receivables 0 0    
Escrow proceeds receivable 0 0    
Real estate inventories 0 0    
Investment in unconsolidated joint ventures 0 0    
Goodwill 0 0    
Intangibles, net of accumulated amortization of $4,640 and $3,683 and as of December 31, 2015 and 2014, respectively 0 0    
Deferred income taxes, net 0 0    
Other assets, net 0 0    
Investments in subsidiaries 632,095 569,915    
Intercompany receivables 0 0    
Total assets 632,095 569,915    
LIABILITIES AND EQUITY        
Accounts payable 0 0    
Accrued expenses 0 0    
Notes payable 0 0    
Intercompany payables 0 0    
Total liabilities 0 0    
Equity        
William Lyon Homes stockholders’ equity 632,095 569,915    
Noncontrolling interests 0 0    
Total liabilities and equity 632,095 569,915    
California Lyon        
ASSETS        
Cash and cash equivalents 44,331 48,462 166,516 69,376
Restricted cash 504 504    
Receivables 8,986 16,783    
Escrow proceeds receivable 2,020 613    
Real estate inventories 922,990 755,748    
Investment in unconsolidated joint ventures 5,263 2,350    
Goodwill 14,209 14,209    
Intangibles, net of accumulated amortization of $4,640 and $3,683 and as of December 31, 2015 and 2014, respectively 0 957    
Deferred income taxes, net 79,726 88,039    
Other assets, net 18,981 16,178    
Investments in subsidiaries (34,522) (35,961)    
Intercompany receivables 0 0    
Total assets 1,062,488 907,882    
LIABILITIES AND EQUITY        
Accounts payable 45,065 28,792    
Accrued expenses 62,167 76,664    
Notes payable 80,915 384    
Intercompany payables 170,757 164,541    
Total liabilities 1,289,499 1,156,544    
Equity        
William Lyon Homes stockholders’ equity (227,011) (248,662)    
Noncontrolling interests 0 0    
Total liabilities and equity 1,062,488 907,882    
Guarantor Subsidiaries        
ASSETS        
Cash and cash equivalents 2,724 573 28 65
Restricted cash 0 0    
Receivables 937 878    
Escrow proceeds receivable 1,021 2,302    
Real estate inventories 589,762 554,170    
Investment in unconsolidated joint ventures 150 150    
Goodwill 52,693 46,678    
Intangibles, net of accumulated amortization of $4,640 and $3,683 and as of December 31, 2015 and 2014, respectively 6,700 6,700    
Deferred income taxes, net 0 0    
Other assets, net 1,737 2,026    
Investments in subsidiaries (561,546) (574,129)    
Intercompany receivables 239,248 232,895    
Total assets 333,426 272,243    
LIABILITIES AND EQUITY        
Accounts payable 27,807 19,023    
Accrued expenses 8,059 8,610    
Notes payable 0 162    
Intercompany payables 0 0    
Total liabilities 35,866 27,795    
Equity        
William Lyon Homes stockholders’ equity 297,560 244,448    
Noncontrolling interests 0 0    
Total liabilities and equity 333,426 272,243    
Non-Guarantor Subsidiaries        
ASSETS        
Cash and cash equivalents 3,148 3,736 5,128 1,634
Restricted cash 0 0    
Receivables 4,915 3,589    
Escrow proceeds receivable 0 0    
Real estate inventories 162,354 94,721    
Investment in unconsolidated joint ventures 0 0    
Goodwill 0 0    
Intangibles, net of accumulated amortization of $4,640 and $3,683 and as of December 31, 2015 and 2014, respectively 0 0    
Deferred income taxes, net 0 0    
Other assets, net 299 358    
Investments in subsidiaries 0 0    
Intercompany receivables 0 0    
Total assets 170,716 102,404    
LIABILITIES AND EQUITY        
Accounts payable 3,009 3,999    
Accrued expenses 98 92    
Notes payable 94,266 38,689    
Intercompany payables 68,491 68,354    
Total liabilities 165,864 111,134    
Equity        
William Lyon Homes stockholders’ equity (34,522) (35,961)    
Noncontrolling interests 39,374 27,231    
Total liabilities and equity 170,716 102,404    
Eliminating Entries        
ASSETS        
Cash and cash equivalents 0 0 $ 0 $ 0
Restricted cash 0 0    
Receivables 0 0    
Escrow proceeds receivable 0 0    
Real estate inventories 0 0    
Investment in unconsolidated joint ventures   0    
Goodwill 0 0    
Intangibles, net of accumulated amortization of $4,640 and $3,683 and as of December 31, 2015 and 2014, respectively 0 0    
Deferred income taxes, net 0 0    
Other assets, net 0 0    
Investments in subsidiaries (36,027) 40,175    
Intercompany receivables (239,248) (232,895)    
Total assets (275,275) (192,720)    
LIABILITIES AND EQUITY        
Accounts payable 0 0    
Accrued expenses 0 0    
Notes payable 0 0    
Intercompany payables (239,248) (232,895)    
Total liabilities (239,248) (232,895)    
Equity        
William Lyon Homes stockholders’ equity (36,027) 40,175    
Noncontrolling interests 0 0    
Total liabilities and equity (275,275) (192,720)    
Subordinated amortizing notes        
LIABILITIES AND EQUITY        
Long-term debt, gross 14,066 20,717    
Subordinated amortizing notes | Delaware Lyon        
LIABILITIES AND EQUITY        
Long-term debt, gross 0 0    
Subordinated amortizing notes | California Lyon        
LIABILITIES AND EQUITY        
Long-term debt, gross 14,066 20,717    
Subordinated amortizing notes | Guarantor Subsidiaries        
LIABILITIES AND EQUITY        
Long-term debt, gross 0 0    
Subordinated amortizing notes | Non-Guarantor Subsidiaries        
LIABILITIES AND EQUITY        
Long-term debt, gross 0 0    
5 3/4% Senior Notes due 2019        
LIABILITIES AND EQUITY        
Long-term debt, gross 148,295 147,766    
5 3/4% Senior Notes due 2019 | Delaware Lyon        
LIABILITIES AND EQUITY        
Long-term debt, gross 0 0    
5 3/4% Senior Notes due 2019 | California Lyon        
LIABILITIES AND EQUITY        
Long-term debt, gross 148,295 147,766    
5 3/4% Senior Notes due 2019 | Guarantor Subsidiaries        
LIABILITIES AND EQUITY        
Long-term debt, gross 0 0    
5 3/4% Senior Notes due 2019 | Non-Guarantor Subsidiaries        
LIABILITIES AND EQUITY        
Long-term debt, gross 0 0    
8 1/2% Senior Notes due 2020        
LIABILITIES AND EQUITY        
Long-term debt, gross 422,896 422,889    
8 1/2% Senior Notes due 2020 | Delaware Lyon        
LIABILITIES AND EQUITY        
Long-term debt, gross 0 0    
8 1/2% Senior Notes due 2020 | California Lyon        
LIABILITIES AND EQUITY        
Long-term debt, gross 422,896 422,889    
8 1/2% Senior Notes due 2020 | Guarantor Subsidiaries        
LIABILITIES AND EQUITY        
Long-term debt, gross 0 0    
8 1/2% Senior Notes due 2020 | Non-Guarantor Subsidiaries        
LIABILITIES AND EQUITY        
Long-term debt, gross 0 0    
8 1/2% Senior Notes due 2020 | Eliminating Entries        
LIABILITIES AND EQUITY        
Long-term debt, gross 0 0    
7% Senior Notes due 2022        
LIABILITIES AND EQUITY        
Long-term debt, gross 345,338 294,791    
7% Senior Notes due 2022 | Delaware Lyon        
LIABILITIES AND EQUITY        
Long-term debt, gross 0 0    
7% Senior Notes due 2022 | California Lyon        
LIABILITIES AND EQUITY        
Long-term debt, gross 345,338 294,791    
7% Senior Notes due 2022 | Guarantor Subsidiaries        
LIABILITIES AND EQUITY        
Long-term debt, gross 0 0    
7% Senior Notes due 2022 | Non-Guarantor Subsidiaries        
LIABILITIES AND EQUITY        
Long-term debt, gross $ 0 $ 0