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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Total revenue $ 8,224,917 $ 7,501,265 $ 6,129,320
Total cost of revenues 6,132,551 5,953,384 5,085,101
Gross margin 2,092,366 1,547,881 1,044,219
Sales, commissions and other marketing costs 398,074 400,376 377,496
General and administrative expenses 245,138 267,966 194,879
Net loss/(income) from unconsolidated entities 14,184 (11,130) (11,176)
Interest expense/(income), net 17,674 3,792 (1,606)
Other expense, net 38,497 23,769 23,092
(Gain)/loss on extinguishment of debt, net (13,876) 0 10,247
Transaction expenses 0 0 127,170
Income before income taxes 1,392,675 863,108 324,117
Income tax provision 336,428 180,741 74,590
Net income before allocation to non-controlling interests 1,056,247 682,367 249,527
Net income attributable to non-controlling interests — joint ventures (3,447) (19,341) (6,088)
Net income available to Taylor Morrison Home Corporation $ 1,052,800 $ 663,026 $ 243,439
Earnings per common share      
Basic (in dollars per share) $ 9.16 $ 5.26 $ 1.90
Diluted (in dollars per share) $ 9.06 $ 5.18 $ 1.88
Weighted average number of shares of common stock:      
Basic (in shares) 114,982 126,077 127,812
Diluted (in shares) 116,221 128,019 129,170
Home closings      
Total revenue $ 7,889,371 $ 7,171,433 $ 5,863,652
Total cost of revenues 5,904,458 5,713,905 4,887,757
Land closings      
Total revenue 81,070 99,444 65,269
Total cost of revenues 63,644 83,853 64,432
Financial services      
Total revenue 135,491 164,615 155,827
Total cost of revenues 83,960 101,848 88,910
Amenity and other      
Total revenue 118,985 65,773 44,572
Total cost of revenues $ 80,489 $ 53,778 $ 44,002