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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Financial services revenue $ 23,254 $ 17,041 $ 62,117 $ 47,513
Total revenue 1,105,105 1,036,379 3,295,623 2,769,540
Financial services expenses 12,829 10,451 36,595 31,647
Total cost of revenue 894,031 837,380 2,678,735 2,248,728
Gross margin 211,074 198,999 616,888 520,812
Sales, commissions and other marketing costs 76,765 67,504 226,809 185,806
General and administrative expenses 42,334 33,016 120,990 101,795
Equity in income of unconsolidated entities (2,103) (2,514) (7,983) (9,777)
Interest income, net (959) (670) (2,250) (1,289)
Other expense/(income), net 389 798 (1,492) 4,889
Amortization of Acquisition Costs 617 0 6,496 0
Transaction expenses 3,610 0 5,806 0
Income/(loss) before income taxes 90,421 100,865 268,512 239,388
Income tax provision 23,385 6,424 68,307 38,123
Net income before allocation to non-controlling interests 67,036 94,441 200,205 201,265
Net income attributable to non-controlling interests — joint ventures (24) (159) (211) (428)
Net income before non-controlling interests 67,012 94,282 199,994 200,837
Net income attributable to non-controlling interests 0 (714) 0 (4,391)
Net income available to Taylor Morrison Home Corporation $ 67,012 $ 93,568 $ 199,994 $ 196,446
Earnings per common share        
Basic (usd per share) $ 0.64 $ 0.84 $ 1.86 $ 1.75
Diluted (usd per share) $ 0.63 $ 0.83 $ 1.84 $ 1.73
Weighted average number of shares of common stock:        
Basic (in shares) 105,472 111,396 107,389 112,449
Diluted (in shares) 106,852 113,440 108,599 116,378
Home closings        
Revenue $ 1,073,110 $ 1,014,168 $ 3,205,252 $ 2,703,692
Cost of home/land closings 874,102 822,950 2,619,968 2,202,377
Land closings        
Revenue 4,420 5,170 14,391 18,335
Cost of home/land closings 2,934 3,979 9,418 14,704
Amenity        
Revenue 4,321 0 13,863 0
Cost of home/land closings $ 4,166 $ 0 $ 12,754 $ 0