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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Financial services revenue $ 22,819 $ 16,266 $ 38,863 $ 30,472
Total revenue 1,265,426 980,828 2,190,518 1,733,161
Financial services expenses 13,045 11,152 23,766 21,196
Total cost of revenue 1,031,652 802,117 1,784,704 1,411,348
Gross margin 233,774 178,711 405,814 321,813
Sales, commissions and other marketing costs 82,615 64,604 150,044 118,302
General and administrative expenses 42,202 35,461 78,656 68,778
Equity in income of unconsolidated entities (3,561) (4,017) (5,880) (7,263)
Interest income, net (958) (276) (1,291) (619)
Other expense/(income), net (489) 3,654 (1,881) 4,092
Amortization of Acquisition Costs 1,750 0 5,879 0
Transaction expenses 2,196 0 2,196  
Income/(loss) before income taxes 110,019 79,285 178,091 138,523
Income tax provision 28,131 19,993 44,922 31,699
Net income before allocation to non-controlling interests 81,888 59,292 133,169 106,824
Net income attributable to non-controlling interests — joint ventures (37) (140) (187) (269)
Net income before non-controlling interests 81,851 59,152 132,982 106,555
Net income attributable to non-controlling interests 0 (474) 0 (3,133)
Net income available to Taylor Morrison Home Corporation $ 81,851 $ 58,678 $ 132,982 $ 103,422
Earnings per common share        
Basic (usd per share) $ 0.77 $ 0.53 $ 1.23 $ 0.94
Diluted (usd per share) $ 0.76 $ 0.52 $ 1.21 $ 0.93
Weighted average number of shares of common stock:        
Basic (in shares) 106,238 111,347 108,363 110,508
Diluted (in shares) 107,232 113,482 109,479 115,400
Home closings        
Revenue $ 1,232,261 $ 956,565 $ 2,132,142 $ 1,689,524
Cost of home/land closings 1,010,069 784,521 1,745,866 1,379,427
Land closings        
Revenue 5,858 7,997 9,971 13,165
Cost of home/land closings 3,792 6,444 6,484 10,725
Amenity        
Revenue 4,488 0 9,542 0
Cost of home/land closings $ 4,746 $ 0 $ 8,588 $ 0