XML 20 R37.htm IDEA: XBRL DOCUMENT v3.20.1
REPORTING SEGMENTS (Tables)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Summary of Reporting Segments
Our reporting segments are as follows:
 
East
Atlanta, Charlotte, Jacksonville, Orlando, Raleigh, Sarasota, Naples and Tampa
Central
Austin, Dallas, Denver, and Houston
West
Bay Area, Phoenix, Denver, Las Vegas, Portland, Seattle, Sacramento and Southern California
Financial Services
Taylor Morrison Home Funding, Inspired Title Services and Taylor Morrison Insurance Services
Summary of Segment Information
Segment information is as follows (in thousands):

 
 
Three Months Ended March 31, 2020
 
 
East
 
Central
 
West
 
Financial Services
 
Corporate
and
Unallocated(1)
 
Total
Total revenues
 
$
423,392

 
$
373,339

 
$
496,323

 
$
28,039

 
$
24,606

 
$
1,345,699

 
 
 
 
 
 
 
 
 
 
 
 
 
Gross margin
 
58,017

 
63,757

 
68,590

 
7,392

 
—

 
197,756

Selling, general and administrative expenses
 
(36,339
)
 
(32,256
)
 
(34,850
)
 
—

 
(33,408
)
 
(136,853
)
Equity in (loss)/income of unconsolidated entities
 
—

 
(119
)
 
334

 
2,230

 
(19
)
 
2,426

Interest and other income (expense), net (2)
 
15

 
(2,252
)
 
(7,264
)
 
(1,400
)
 
(81,203
)
 
(92,104
)
Income/(loss) before income taxes
 
$
21,693

 
$
29,130

 
$
26,810

 
$
8,222

 
$
(114,630
)
 
$
(28,775
)
(1) Includes the activity from our Build-To-Rent and Urban Form operations.
(2) Interest and other income (expense), net includes transaction related expenses and pre-acquisition write-offs of terminated projects.
 
 
Three Months Ended March 31, 2019
 
 
East
 
Central
 
West
 
Financial Services
 
Corporate
and
Unallocated
 
Total
Total revenues
 
$
354,952

 
$
254,947

 
$
299,149

 
$
16,044

 
$
—

 
$
925,092

 
 
 
 
 
 
 
 
 
 
 
 
 
Gross margin
 
61,176

 
42,344

 
63,197

 
5,323

 
—

 
172,040

Selling, general and administrative expenses
 
(35,559
)
 
(26,264
)
 
(20,564
)
 
—

 
(21,496
)
 
(103,883
)
Equity in (loss)/ income of unconsolidated entities
 
—

 
(89
)
 
821

 
1,409

 
178

 
2,319

Interest and other (expense)/ income, net
 
(1,613
)
 
(807
)
 
(389
)
 
—

 
405

 
(2,404
)
Income/(loss) before income taxes
 
$
24,004

 
$
15,184


$
43,065


$
6,732


$
(20,913
)

$
68,072


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of March 31, 2020
 
 
East
 
Central
 
West
 
Financial Services
 
Corporate
and
Unallocated(1)
 
Total
Real estate inventory and land deposits
 
$
1,874,786

 
$
1,337,274

 
$
2,847,978

 
$
—

 
$
211

 
$
6,060,249

Investments in unconsolidated entities
 
—

 
37,425

 
83,831

 
(11,335
)
 
17,446

 
127,367

Other assets
 
162,839

 
164,505

 
541,753

 
278,834

 
926,825

 
2,074,756

Total assets
 
$
2,037,625

 
$
1,539,204

 
$
3,473,562

 
$
267,499

 
$
944,482

 
$
8,262,372
Summary of Assets by Segment
 
 
As of March 31, 2020
 
 
East
 
Central
 
West
 
Financial Services
 
Corporate
and
Unallocated(1)
 
Total
Real estate inventory and land deposits
 
$
1,874,786

 
$
1,337,274

 
$
2,847,978

 
$
—

 
$
211

 
$
6,060,249

Investments in unconsolidated entities
 
—

 
37,425

 
83,831

 
(11,335
)
 
17,446

 
127,367

Other assets
 
162,839

 
164,505

 
541,753

 
278,834

 
926,825

 
2,074,756

Total assets
 
$
2,037,625

 
$
1,539,204

 
$
3,473,562

 
$
267,499

 
$
944,482

 
$
8,262,372


(1) Includes the activity from our Build-To-Rent and Urban Form operations.
 
 
 
As of December 31, 2019
 
 
East
 
Central
 
West
 
Financial Services
 
Corporate
and
Unallocated
 
Total
Real estate inventory and land deposits
 
$
1,841,904

 
$
965,039

 
$
1,219,411

 
$
—

 
$
—

 
$
4,026,354

Investments in unconsolidated entities
 
—

 
37,506

 
86,996

 
4,015

 
242

 
128,759

Other assets
 
165,777

 
121,724

 
60,060

 
257,760

 
485,252

 
1,090,573

Total assets
 
$
2,007,681

 
$
1,124,269

 
$
1,366,467

 
$
261,775

 
$
485,494

 
$
5,245,686