XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents $ 246,477 $ 300,179
Restricted cash 1,611 1,633
Total cash, cash equivalents, and restricted cash 248,088 301,812
Owned inventory 3,196,024 3,010,967
Real estate not owned under option agreements 4,003 6,252
Total real estate inventory 3,200,027 3,017,219
Land deposits 52,977 37,233
Mortgage loans held for sale 110,906 233,184
Derivative assets 1,797 2,291
Prepaid expenses and other assets, net 76,244 73,425
Other receivables, net 101,453 115,246
Investments in unconsolidated entities 178,878 157,909
Deferred tax assets, net 212,925 206,634
Property and equipment, net 5,933 6,586
Intangible assets, net 2,660 3,189
Goodwill 66,198 66,198
Total assets 4,258,086 4,220,926
Liabilities    
Accounts payable 168,568 136,636
Accrued expenses and other liabilities 175,561 209,202
Income taxes payable 12,035 10,528
Customer deposits 182,440 111,573
Senior notes, net 1,238,635 1,237,484
Loans payable and other borrowings 152,762 150,485
Revolving credit facility borrowings 0 0
Mortgage warehouse borrowings 63,150 198,564
Liabilities attributable to real estate not owned under option agreements 4,003 6,252
Total liabilities 1,997,154 2,060,724
COMMITMENTS AND CONTINGENCIES (Note 16)
Stockholders’ Equity    
Preferred stock, $0.00001 par value, 50,000,000 shares authorized, no shares issued and outstanding as of June 30, 2017 and December 31, 2016 0 0
Additional paid-in capital 1,140,230 384,709
Treasury stock at cost; 2,853,433 shares as of June 30, 2017 and December 31, 2016 (43,524) (43,524)
Retained earnings 265,782 228,613
Accumulated other comprehensive loss (17,989) (17,989)
Total stockholders’ equity attributable to Taylor Morrison Home Corporation 1,344,500 551,810
Non-controlling interests – joint ventures 1,623 1,525
Non-controlling interests – Principal Equityholders 914,809 1,606,867
Total stockholders’ equity 2,260,932 2,160,202
Total liabilities and stockholders’ equity 4,258,086 4,220,926
Class A Common Stock    
Stockholders’ Equity    
Common stock 1 0
Class B Common Stock    
Stockholders’ Equity    
Common stock $ 0 $ 1