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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Total revenue $ 8,168,136 $ 7,417,831 $ 8,224,917
Total cost of revenue 6,183,924 5,634,758 6,132,551
Gross margin 1,984,212 1,783,073 2,092,366
Sales, commissions and other marketing costs 456,092 418,134 398,074
General and administrative expenses 314,406 280,573 245,138
Net (income)/loss from unconsolidated entities (6,347) (8,757) 14,184
Interest expense/(income), net (13,316) 12,577 (17,674)
Other expense, net 50,627 87,567 38,497
Loss/(gain) on extinguishment of debt, net 0 295 (13,876)
Income before income taxes 1,156,118 1,017,838 1,392,675
Income tax provision 269,548 248,097 336,428
Net income before allocation to non-controlling interests 886,570 769,741 1,056,247
Net income attributable to non-controlling interests (3,261) (812) (3,447)
Net income $ 883,309 $ 768,929 $ 1,052,800
Earnings per common share      
Basic (in dollars per share) $ 8.43 $ 7.09 $ 9.16
Diluted (in dollars per share) $ 8.27 $ 6.98 $ 9.06
Weighted average number of shares of common stock:      
Basic (in shares) 104,813 108,424 114,982
Diluted (in shares) 106,846 110,145 116,221
Home closings revenue, net      
Total revenue $ 7,755,219 $ 7,158,857 $ 7,889,371
Total cost of revenue 5,863,743 5,451,401 5,904,458
Gross margin 1,891,476 1,707,456 1,984,913
Land closings revenue      
Total revenue 81,417 60,971 81,070
Total cost of revenue 73,609 55,218 63,644
Financial services revenue      
Total revenue 199,459 160,312 135,491
Total cost of revenue 108,592 93,990 83,960
Amenity and other revenue      
Total revenue 132,041 37,691 118,985
Total cost of revenue $ 137,980 $ 34,149 $ 80,489