XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 171,982 $ 329,645
Restricted cash 1,824 2,214
Total cash, cash equivalents, and restricted cash 173,806 331,859
Owned inventory 4,101,283 3,965,306
Real estate not owned 14,893 15,259
Total real estate inventory 4,116,176 3,980,565
Land deposits 55,063 57,929
Mortgage loans held for sale 103,705 181,897
Derivative assets 3,470 1,838
Operating lease right of use assets 29,378 0
Prepaid expenses and other assets, net 94,459 98,225
Other receivables, net 92,585 86,587
Investments in unconsolidated entities 138,334 140,541
Deferred tax assets, net 145,076 145,076
Property and equipment, net 85,275 86,736
Intangible assets, net 961 1,072
Goodwill 152,116 152,116
Total assets 5,190,404 5,264,441
Liabilities    
Accounts payable 143,082 151,586
Accrued expenses and other liabilities 250,277 266,686
Operating lease liabilities 32,497 0
Customer deposits 176,902 165,432
Estimated development liability 37,104 37,147
Senior notes, net 1,653,459 1,653,746
Loans payable and other borrowings 192,764 225,497
Revolving credit facility borrowings 235,000 200,000
Mortgage warehouse borrowings 59,114 130,353
Liabilities attributable to real estate not owned 14,893 15,259
Total liabilities 2,795,092 2,845,706
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 March 31, 2019 and December 31, 2018 0 0
Additional paid-in capital 2,073,542 2,071,579
Treasury stock at cost, 15,930,963 and 11,554,084 shares as of March 31, 2019 and December 31, 2018, respectively (263,926) (186,087)
Retained earnings 578,829 527,698
Accumulated other comprehensive income 2,285 2,001
Total stockholders’ equity attributable to Taylor Morrison Home Corporation 2,390,731 2,415,192
Non-controlling interests – joint ventures 4,581 3,543
Total stockholders’ equity 2,395,312 2,418,735
Total liabilities and stockholders’ equity 5,190,404 5,264,441
Class A Common Stock    
Stockholders’ Equity    
Common stock 1 1
Class B Common Stock    
Stockholders’ Equity    
Common stock $ 0 $ 0