17. Supplemental Guarantor Information

Our 6.875% senior notes due 2022 and 5.875% senior notes due 2025 (which we collectively refer to as our “Senior Notes”) are our unsecured senior obligations and are fully and unconditionally guaranteed on an unsecured basis, jointly and severally, by substantially all of our direct and indirect wholly-owned operating subsidiaries (which we refer to collectively as “Guarantors”).

Each of the indentures governing our Senior Notes provides that the guarantees of a Guarantor will be automatically and unconditionally released and discharged: (1) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the equity interests of such Guarantor after which the applicable Guarantor is no longer a “Restricted Subsidiary” (as defined in the respective indentures), which sale, transfer, exchange or other disposition does not constitute an “Asset Sale” (as defined in the respective indentures) or is made in compliance with applicable provisions of the applicable indenture; (2) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the assets of such Guarantor, which sale, transfer, exchange or other disposition does not constitute an Asset Sale or is made in compliance with applicable provisions of the applicable indenture; provided, that after such sale, transfer, exchange or other disposition, such Guarantor is an “Immaterial Subsidiary” (as defined in the respective indentures); (3) unless a default has occurred and is continuing, upon the release or discharge of such Guarantor from its guarantee of any indebtedness for borrowed money of the Company and the Guarantors so long as such Guarantor would not then otherwise be required to provide a guarantee pursuant to the applicable indenture; provided that if such Guarantor has incurred any indebtedness in reliance on its status as a Guarantor in compliance with applicable provisions of the applicable Indenture, such Guarantor’s obligations under such indebtedness, as the case may be, so incurred are satisfied in full and discharged or are otherwise permitted to be incurred by a Restricted Subsidiary (other than a Guarantor) in compliance with applicable provisions of the applicable Indenture; (4) upon the designation of such Guarantor as an “Unrestricted Subsidiary” (as defined in the respective Indentures), in accordance with the applicable indenture; (5) if the Company exercises its legal defeasance option or covenant defeasance option under the applicable indenture or if the obligations of the Company and the Guarantors are discharged in compliance with applicable provisions of the applicable indenture, upon such exercise or discharge; or (6) in connection with the dissolution of such Guarantor under applicable law in accordance with the applicable indenture.

As the guarantees were made in connection with exchange offers effected in February 2015, October 2015 and April 2017 and the issuance of the 5.875% senior notes due 2025, the Guarantors’ condensed financial information is presented as if the guarantees existed during the periods presented. If any Guarantors are released from the guarantees in future periods, the changes are reflected prospectively.

We have determined that separate, full financial statements of the Guarantors would not be material to investors, and accordingly, supplemental financial information is presented below:


	Supplemental Condensed Consolidated Balance Sheet
	As of September 30, 2018 (in thousands)

			Guarantor		Non Guarantor		Elimination		Consolidated
	Century		Subsidiaries		Subsidiaries		Entries		Century
Assets
Cash and cash equivalents	$	—	$	8,922	$	23,585	$	(16,580)	$	15,927
Cash held in escrow		—		31,906		—		—		31,906
Accounts receivable		15,672		12,271		72		—		28,015
Investment in consolidated subsidiaries		1,860,196		—		—		(1,860,196)		—
Inventories		—		1,834,897		—		—		1,834,897
Mortgage loans held for sale		—		—		62,440		—		62,440
Prepaid expenses and other assets		6,835		91,457		1,953		—		100,245
Deferred tax assets, net		10,412		—		—		—		10,412
Property and equipment, net		13,153		18,982		692		—		32,827
Amortizable intangible assets, net		—		5,205		—		—		5,205
Goodwill		—		30,620		—		—		30,620
Total assets	$	1,906,268	$	2,034,260	$	88,742	$	(1,876,776)	$	2,152,494
Liabilities and stockholders’ equity
Liabilities:
Accounts payable	$	17,084	$	39,704	$	406	$	(16,580)	$	40,614
Accrued expenses and other liabilities		31,215		156,939		2,151		—		190,305
Notes payable		775,462		11,993		—		—		787,455
Revolving line of credit		236,000		—		—		—		236,000
Mortgage repurchase facilities		—		—		57,327		—		57,327
Total liabilities		1,059,761		208,636		59,884		(16,580)		1,311,701
Stockholders’ equity:		846,507		1,825,624		28,858		(1,860,196)		840,793
Total liabilities and stockholders’ equity	$	1,906,268	$	2,034,260	$	88,742	$	(1,876,776)	$	2,152,494


	Supplemental Condensed Consolidated Balance Sheet
	As of December 31, 2017 (in thousands)
			Guarantor		Non Guarantor		Elimination		Consolidated
	Century		Subsidiaries		Subsidiaries		Entries		Century
Assets
Cash and cash equivalents	$	56,234	$	23,399	$	9,199	$	—	$	88,832
Cash held in escrow		—		37,088		635		—		37,723
Accounts receivable		3,124		9,944		(69)		—		12,999
Investment in consolidated subsidiaries		1,434,619		—		—		(1,434,619)		—
Inventories		—		1,390,354		—		—		1,390,354
Mortgage loans held for sale		—		—		52,327		—		52,327
Prepaid expenses and other assets		3,028		57,273		511		—		60,812
Deferred tax assets, net		5,555		—		—		—		5,555
Property and equipment, net		11,694		15,683		534		—		27,911
Investment in unconsolidated subsidiaries		28,208		—		—				28,208
Amortizable intangible assets, net		—		2,938		—		—		2,938
Goodwill		—		27,363		—		—		27,363
Total assets	$	1,542,462	$	1,564,042	$	63,137	$	(1,434,619)	$	1,735,022
Liabilities and stockholders’ equity
Liabilities:
Accounts payable	$	1,452	$	23,057	$	322	$	—	$	24,831
Accrued expenses and other liabilities		31,814		117,070		1,472		—		150,356
Notes payable		773,963		2,320		—		—		776,283
Revolving line of credit		—		—		—		—		—
Mortgage repurchase facilities		—		—		48,319		—		48,319
Total liabilities		807,229		142,447		50,113		—		999,789
Stockholders’ equity:		735,233		1,421,595		13,024		(1,434,619)		735,233
Total liabilities and stockholders’ equity	$	1,542,462	$	1,564,042	$	63,137	$	(1,434,619)	$	1,735,022



		Supplemental Condensed Consolidated Statement of Operations
	For the Three Months Ended September 30, 2018 (in thousands)
				Guarantor		Non Guarantor		Elimination		Consolidated
		CCS		Subsidiaries		Subsidiaries		Entries		CCS
Revenues
Homebuilding revenues
Home sales revenues		$	—	$	552,876	$	—	$	—	$	552,876
Land sales and other revenues			—		1,131		—		—		1,131
			—		554,007		—		—		554,007
Financial services revenue			—		—		7,722		—		7,722
Total revenues			—		554,007		7,722		—		561,729
Homebuilding cost of revenues
Cost of homes sales revenues			—		(460,144)		—		—		(460,144)
Cost of land sales and other revenues			—		(1,093)		—		—		(1,093)
			—		(461,237)		—		—		(461,237)
Financial services costs			—		—		(6,056)		—		(6,056)
Selling, general and administrative			(20,187)		(50,788)		—		—		(70,975)
Acquisition expense			(58)		—		—		—		(58)
Equity in earnings from consolidated subsidiaries			32,282		—		—		(32,282)		—
Other income (expense)			61		(606)		—		—		(545)
Income before income tax expense			12,098		41,376		1,666		(32,282)		22,858
Income tax expense			4,950		(10,344)		(416)		—		(5,810)
Net income		$	17,048	$	31,032	$	1,250	$	(32,282)	$	17,048


		Supplemental Condensed Consolidated Statement of Operations
	For the Three Months Ended September 30, 2017 (in thousands)

				Guarantor		Non Guarantor		Elimination		Consolidated
		Century		Subsidiaries		Subsidiaries		Entries		Century
Revenues
Homebuilding revenues
Home sales revenues		$	—	$	374,935	$	—	$	—	$	374,935
Land sales and other revenues			—		1,826		—		—		1,826
			—		376,761		—		—		376,761
Financial services revenue			—		—		2,955		—		2,955
Total revenues			—		376,761		2,955		—		379,716
Homebuilding cost of revenues
Cost of homes sales revenues			—		(311,365)		—		—		(311,365)
Cost of land sales and other revenues			—		(2,104)		—		—		(2,104)
			—		(313,469)		—		—		(313,469)
Financial services costs			—		—		(2,450)		—		(2,450)
Selling, general and administrative			(13,342)		(32,823)		—		—		(46,165)
Acquisition expense			(7,205)		—		—		—		(7,205)
Equity in earnings of consolidated subsidiaries			20,470		—		—		(20,470)		—
Equity in income from unconsolidated subsidiaries			3,716		—		—		—		3,716
Other income (expense)			495		518		—		—		1,013
Income before income tax expense			4,134		30,987		505		(20,470)		15,156
Income tax expense			5,336		(10,845)		(177)		—		(5,686)
Net income		$	9,470	$	20,142	$	328	$	(20,470)	$	9,470


		Supplemental Condensed Consolidated Statement of Operations
	For the Nine Months Ended September 30, 2018 (in thousands)

				Guarantor		Non Guarantor		Elimination		Consolidated
		CCS		Subsidiaries		Subsidiaries		Entries		CCS
Revenues
Homebuilding revenues
Home sales revenues		$	—	$	1,469,871	$	—	$	—	$	1,469,871
Land sales and other revenues			—		4,304		—		—		4,304
			—		1,474,175		—		—		1,474,175
Financial services revenue			—		—		21,292		—		21,292
Total revenues			—		1,474,175		21,292		—		1,495,467
Homebuilding cost of revenues
Cost of homes sales revenues			—		(1,206,924)		—		—		(1,206,924)
Cost of land sales and other revenues			—		(3,010)		—		—		(3,010)
			—		(1,209,934)		—		—		(1,209,934)
Financial services costs			—		—		(15,836)		—		(15,836)
Selling, general and administrative			(53,802)		(137,328)		—		—		(191,130)
Acquisition expense			(395)		—		—		—		(395)
Equity in earnings from consolidated subsidiaries			97,688		—		—		(97,688)		—
Equity in income of unconsolidated subsidiaries			14,849		—		—		—		14,849
Other income (expense)			(194)		(359)		—		—		(553)
Income before income tax expense			58,146		126,554		5,456		(97,688)		92,468
Income tax expense			12,115		(32,904)		(1,418)		—		(22,207)
Net income		$	70,261	$	93,650	$	4,038	$	(97,688)	$	70,261


		Supplemental Condensed Consolidated Statement of Operations
	For the Nine Months Ended September 30, 2017 (in thousands)

				Guarantor		Non Guarantor		Elimination		Consolidated
		Century		Subsidiaries		Subsidiaries		Entries		Century
Revenues
Homebuilding revenues
Home sales revenues		$	—	$	888,942	$	—	$	—	$	888,942
Land sales and other revenues			—		6,216		—		—		6,216
			—		895,158		—		—		895,158
Financial services revenue			—		—		4,697		—		4,697
Total revenues			—		895,158		4,697		—		899,855
Homebuilding cost of revenues
Cost of homes sales revenues			—		(727,577)		—		—		(727,577)
Cost of land sales and other revenues			—		(4,994)		—		—		(4,994)
			—		(732,571)		—		—		(732,571)
Financial services costs			—		—		(4,648)		—		(4,648)
Selling, general and administrative			(30,876)		(82,721)		—		—		(113,597)
Acquisition expense			(8,645)		—		—		—		(8,645)
Equity in earnings from consolidated subsidiaries			52,869		—		—		(52,869)		—
Equity in income of unconsolidated subsidiaries			7,648		—		—		—		7,648
Other income (expense)			852		1,386		36		—		2,274
Income before income tax expense			21,848		81,252		85		(52,869)		50,316
Income tax expense			11,252		(28,438)		(30)		—		(17,216)
Net income		$	33,100	$	52,814	$	55	$	(52,869)	$	33,100


	Supplemental Condensed Consolidated Statement of Cash Flows
	For the Nine Months Ended September 30, 2018 (in thousands)
			Guarantor		Non Guarantor		Elimination		Consolidated
	Century		Subsidiaries		Subsidiaries		Entries		Century
Net cash provided by/(used in) operating activities	$	(71,743)	$	(123,418)	$	(5,256)	$	(16,580)	$	(216,997)
Net cash used in investing activities	$	(153,607)	$	(165,939)	$	(159)	$	280,048	$	(39,657)
Financing activities
Borrowings under revolving credit facilities	$	520,000	$	—	$	—	$	—	$	520,000
Payments on revolving credit facilities		(284,000)		—		—		—		(284,000)
Proceeds from insurance notes payable		—		11,838		—		—		11,838
Extinguishments of debt assumed in business combination		(94,231)		—		—		—		(94,231)
Principal payments on notes payable		(9)		(2,164)		—		—		(2,173)
Debt issuance costs		(3,521)		—		—		—		(3,521)
Repurchases of common stock upon vesting of restricted stock awards		(5,483)		—		—		—		(5,483)
Payments from (and advances to) parent/subsidiary		5,130		263,120		11,798		(280,048)		—
Net proceeds from mortgage repurchase facilities		—		—		9,008		—		9,008
Net proceeds from issuances of common stock		31,230		—		—		—		31,230
Net cash provided by (used in) financing activities	$	169,116	$	272,794	$	20,806	$	(280,048)	$	182,668
Net increase (decrease)	$	(56,234)	$	(16,563)	$	15,391	$	(16,580)	$	(73,986)
Cash and cash equivalents and Restricted cash
Beginning of period	$	56,234	$	28,044	$	9,435	$	—	$	93,713
End of period	$	—	$	11,481	$	24,826	$	(16,580)	$	19,727

Cash and cash equivalents	$	—	$	8,922	$	23,585	$	(16,580)	$	15,927
Restricted Cash		—		2,559		1,241		—		3,800
Cash and cash equivalents and Restricted cash	$	—	$	11,481	$	24,826	$	(16,580)	$	19,727


	Supplemental Condensed Consolidated Statement of Cash Flows
	For the Nine Months Ended September 30, 2017 (in thousands)
			Guarantor		Non Guarantor		Elimination		Consolidated
	Century		Subsidiaries		Subsidiaries		Entries		Century
Net cash provided by/(used in) operating activities	$	(8,164)	$	(87,231)	$	(30,014)	$	—	$	(125,409)
Net cash used in investing activities	$	(434,617)	$	(63,905)	$	(467)	$	432,867	$	(66,122)
Financing activities
Borrowings under revolving credit facilities	$	75,000	$	—	$	—	$	—	$	75,000
Payments on revolving credit facilities		(270,000)		—		—		—		(270,000)

Proceeds from issuance of senior notes		523,000		—		—		—		523,000

Extinguishments of debt assumed in business combination		—		(151,919)		—		—		(151,919)
Principal payments on notes payable		—		(4,735)		—		—		(4,735)
Debt issuance costs		(3,731)		—		—		—		(3,731)
Repurchase of common stock upon vesting of restricted stock awards		(4,141)		—		—		—		(4,141)
Payments from (and advances to) parent/subsidiary		108,887		320,768		3,212		(432,867)		—
Net proceeds from mortgage repurchase facility		—		—		27,465		—		27,465
Net proceeds from issuances of common stock		35,010		—		—		—		35,010
Net cash provided by (used in) financing activities	$	464,025	$	164,114	$	30,677	$	(432,867)	$	225,949
Net increase (decrease)	$	21,244	$	12,978	$	196	$	—	$	34,418
Cash and cash equivalents and Restricted cash
Beginning of period	$	14,637	$	10,150	$	6,167	$	—	$	30,954
End of period	$	35,881	$	23,128	$	6,363	$	—	$	65,372

Cash and cash equivalents	$	35,881	$	16,278	$	6,363	$	—	$	58,522
Restricted Cash		—		6,850		—		—		6,850
Cash and cash equivalents and Restricted cash	$	35,881	$	23,128	$	6,363	$	—	$	65,372