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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues $ 1,995,023 $ 1,719,280 $ 3,698,147 $ 3,137,092
Total cost of revenue 1,453,543 1,390,577 2,763,539 2,533,948
Gross margin 541,480 328,703 934,608 603,144
Sales, commissions and other marketing costs 96,135 97,560 185,258 183,512
General and administrative expenses 69,407 69,997 137,549 131,550
Net loss/(income) from unconsolidated entities 3,637 (2,126) 1,806 (7,787)
Interest expense/(income), net 5,189 3 9,441 (116)
Other (income)/expense, net (11,014) 45 (10,472) 1,020
Gain on extinguishment of debt, net (13,471) 0 (13,471) 0
Income before income taxes 391,597 163,224 624,497 294,965
Income tax provision 98,443 38,469 152,882 67,767
Net income before allocation to non-controlling interests 293,154 124,755 471,615 227,198
Net income attributable to non-controlling interests (2,167) (608) (3,925) (5,030)
Net income available to Taylor Morrison Home Corporation $ 290,987 $ 124,147 $ 467,690 $ 222,168
Earnings Per Share        
Basic (in dollars per share) $ 2.47 $ 0.97 $ 3.91 $ 1.73
Diluted (in dollars per share) $ 2.45 $ 0.95 $ 3.87 $ 1.70
Weighted average number of shares of common stock:        
Basic (in shares) 117,932 128,440 119,550 128,661
Diluted (in shares) 118,931 130,259 120,796 130,766
Home closings        
Revenues $ 1,883,020 $ 1,644,380 $ 3,527,429 $ 3,007,809
Total cost of revenue 1,381,610 1,331,041 2,646,584 2,441,283
Land closings        
Revenues 36,816 32,057 52,426 36,946
Total cost of revenue 24,204 28,138 38,568 32,165
Financial Services        
Revenues 35,471 37,392 70,670 81,457
Total cost of revenue 21,483 25,935 45,697 49,934
Amenity and other        
Revenues 39,716 5,451 47,622 10,880
Total cost of revenue $ 26,246 $ 5,463 $ 32,690 $ 10,566