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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 724,488 $ 832,821
Restricted cash 2,147 3,519
Total cash, cash equivalents, and restricted cash 726,635 836,340
Real estate inventory:    
Owned inventory 5,346,905 5,444,207
Consolidated real estate not owned 23,971 55,314
Total real estate inventory 5,370,876 5,499,521
Land deposits 263,356 229,535
Mortgage loans held for sale 346,364 467,534
Derivative assets 1,090 2,110
Lease right of use assets 90,446 85,863
Prepaid expenses and other assets, net 264,302 314,986
Other receivables, net 191,504 150,864
Investments in unconsolidated entities 282,900 171,406
Deferred tax assets, net 67,656 151,240
Property and equipment, net 202,398 155,181
Goodwill 663,197 663,197
Total assets 8,470,724 8,727,777
Liabilities    
Accounts payable 269,761 253,348
Accrued expenses and other liabilities 490,253 525,209
Lease liabilities 100,174 96,172
Customer deposits 412,092 485,705
Estimated development liabilities 43,753 38,923
Senior notes, net 1,816,303 2,452,322
Loans payable and other borrowings 361,486 404,386
Revolving credit facility borrowings 0 31,529
Mortgage warehouse borrowings 306,072 413,887
Liabilities attributable to consolidated real estate not owned 23,971 55,314
Total liabilities 3,823,865 4,756,795
COMMITMENTS AND CONTINGENCIES (Note 14)
Stockholders’ Equity    
Common stock, $0.00001 par value, 400,000,000 shares authorized, 159,392,185 and 158,662,208 shares issued, 107,995,262 and 121,883,649 shares outstanding as of December 31, 2022 and December 31, 2021, respectively 1 1
Additional paid-in capital 3,025,489 2,997,211
Treasury stock at cost, 51,396,923 and 36,828,559 shares as of December 31, 2022 and December 31, 2021, respectively (1,137,138) (760,863)
Retained Earnings 2,741,615 1,688,815
Accumulated other comprehensive income 359 689
Total stockholders' equity attributable to TMHC 4,630,326 3,925,853
Non-controlling interests — joint ventures 16,533 45,129
Total stockholders’ equity 4,646,859 3,970,982
Total liabilities and stockholders’ equity $ 8,470,724 $ 8,727,777