REPORTING SEGMENTS

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

REPORTING SEGMENTS

REPORTING SEGMENTS

We have multiple homebuilding operating components which are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer service. We aggregate our homebuilding operating components into three reporting segments, East, Central, and West, based on similar long-term economic characteristics. The activity from our Build-to-Rent and Urban Form operations are included in our Corporate segment. We also have a financial services reporting segment. We have no inter-segment sales as all sales are to external customers.

Our reporting segments are as follows:

East	Atlanta, Charlotte, Jacksonville, Naples, Orlando, Raleigh, Sarasota, and Tampa
Central	Austin, Dallas, Denver, and Houston
West	Bay Area, Las Vegas, Phoenix, Portland, Sacramento, Seattle, and Southern California
Financial Services	Taylor Morrison Home Funding, Inspired Title Services, and Taylor Morrison Insurance Services

Segment information is as follows (in thousands):

	Three Months Ended March 31, 2022
	East		Central		West		Financial Services		Corporate and Unallocated(1)		Total
Total revenue	$	525,121	$	370,735	$	770,210	$	35,199	$	1,859	$	1,703,124
Gross margin	125,691		74,008		181,531		10,985		913		393,128
Selling, general and administrative expenses	(40,326)		(29,440)		(43,519)		—		(43,980)		(157,265)
Equity in (loss)/income of unconsolidated entities	—		85		(312)		2,058		—		1,831
Interest and other expense, net(2)	(432)		(1,860)		(1,966)		—		(536)		(4,794)
Income/(loss) before income taxes	$	84,933	$	42,793	$	135,734	$	13,043	$	(43,603)	$	232,900

(1) Includes the activity from our Build-To-Rent and Urban Form operations.

(2) Interest and other expense, net includes pre-acquisition write-offs of terminated projects.

	Three Months Ended March 31, 2021
	East		Central		West		Financial Services		Corporate and Unallocated (1)		Total
Total revenue	$	453,362	$	322,612	$	597,730	$	44,065	$	43	$	1,417,812
Gross margin	85,067		65,178		104,438		20,066		(308)		274,441
Selling, general and administrative expenses	(38,598)		(28,558)		(41,554)		—		(38,795)		(147,505)
Equity in (loss)/income of unconsolidated entities	—		(64)		1,992		3,743		(10)		5,661
Interest and other income/(expense), net (2)	42		(373)		(108)		—		(417)		(856)
Income/(loss) before income taxes	$	46,511	$	36,183	$	64,768	$	23,809	$	(39,530)	$	131,741

(1) Includes the activity from our Build-To-Rent and Urban Form operations.

(2) Interest and other expense, net includes pre-acquisition write-offs of terminated projects.

	As of March 31, 2022
	East		Central		West		Financial Services		Corporate and Unallocated(1)		Total
Real estate inventory and land deposits	$	1,905,120	$	1,389,070	$	2,709,798	$	—	$	—	$	6,003,988
Investments in unconsolidated entities	—		87,737		81,219		4,275		—		173,231
Other assets	153,946		198,151		550,998		334,568		1,103,093		2,340,756
Total assets	$	2,059,066	$	1,674,958	$	3,342,015	$	338,843	$	1,103,093	$	8,517,975

(1) Includes corporate cash and the assets from our Build-To-Rent and Urban Form operations.

	As of December 31, 2021
	East		Central		West		Financial Services		Corporate and Unallocated (1)		Total
Real estate inventory and land deposits	$	1,781,948	$	1,282,024	$	2,665,084	$	—	$	—	$	5,729,056
Investments in unconsolidated entities	—		87,600		79,531		4,275		—		171,406
Other assets	196,126		221,906		588,520		559,233		1,261,530		2,827,315
Total assets	$	1,978,074	$	1,591,530	$	3,333,135	$	563,508	$	1,261,530	$	8,727,777

(1) Includes corporate cash and the assets from our Build-To-Rent and Urban Form operations.