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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues $ 1,144,673 $ 838,516 $ 3,238,999 $ 2,455,506
Income before income taxes 151,547 99,551 441,356 286,201
Provision for income taxes (39,788) (22,942) (112,599) (71,764)
Net income 111,759 76,609 328,757 214,437
Net(income) loss attributable to noncontrolling interests 0 (1,207) 59 (3,569)
Net income available to common stockholders $ 111,759 $ 75,402 $ 328,816 $ 210,868
Earnings per share        
Basic (in dollars per share) $ 1.19 $ 0.77 $ 3.49 $ 2.12
Diluted (in dollars per share) $ 1.18 $ 0.76 $ 3.46 $ 2.10
Weighted average shares outstanding        
Basic (in shares) 93,600,678 98,018,498 94,294,800 99,534,570
Diluted (in shares) 94,640,211 99,030,210 95,081,173 100,458,357
Homebuilding Segment        
Revenues $ 1,127,023 $ 827,758 $ 3,191,181 $ 2,425,502
Other operations expense 765 724 2,295 2,171
Sales and marketing 53,744 42,874 160,772 127,977
General and administrative 66,734 58,359 185,809 158,949
Homebuilding income from operations 139,295 83,253 393,237 244,927
Equity in income of unconsolidated entities 227 3 383 272
Other income, net 6,658 11,664 31,818 30,361
Homebuilding income before income taxes 146,180 94,920 425,438 275,560
Income before income taxes 146,180 94,920 425,438 275,560
Financial services        
Revenues 17,650 10,758 47,818 30,004
Expenses 12,283 6,127 31,900 19,363
Financial services income before income taxes 5,367 4,631 15,918 10,641
Income before income taxes 5,367 4,631 15,918 10,641
Home sales revenue | Homebuilding Segment        
Revenues 1,113,681 825,295 3,165,042 2,412,777
Cost of home, land and lot sales 854,499 641,074 2,427,484 1,881,191
Land and lot sales revenue | Homebuilding Segment        
Revenues 12,552 1,714 23,780 10,506
Cost of home, land and lot sales 11,986 1,474 21,584 10,287
Other operations revenue | Homebuilding Segment        
Revenues $ 790 $ 749 $ 2,359 $ 2,219