EX-99.1 2 tol-feb2020segrealignx.htm EXHIBIT 99.1 Exhibit
EXHIBIT 99.1

The purpose of this schedule is to provide investors with historical segment information that has been recast on a basis consistent with Toll Brothers, Inc.'s new segment reporting structure that was implemented in the first quarter of its fiscal 2020. The tables provide unaudited recast segment information for the previously reported years ended October 31, 2019 and October 31, 2018, and the three month periods ended January 31, April 30, July 31 and October 31 of each of 2019 and 2018.

Units Delivered and Revenues:
 
Fiscal 2019
 
Units Delivered
 
Revenues ($ Millions)
 
Average Delivered Price Per Unit ($ Thousands)
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
Traditional Home Building:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
North
384

518

546

775

2,223

 
$
271.5

$
345.1

$
360.0

$
507.8

$
1,484.4

 
$
707.1

$
666.2

$
659.4

$
655.2

$
667.7

Mid-Atlantic
211

252

330

444

1,237

 
134.9

174.1

213.7

281.6

804.3

 
$
639.3

$
690.8

$
647.6

$
634.3

$
650.2

South
228

313

312

445

1,298

 
176.9

242.8

243.4

328.8

991.9

 
$
776.0

$
775.6

$
780.2

$
738.9

$
764.2

Mountain
366

416

437

492

1,711

 
226.4

285.8

292.7

326.0

1,130.9

 
$
618.6

$
687.0

$
669.8

$
662.5

$
661.0

Pacific
277

340

329

488

1,434

 
444.1

579.6

573.5

819.5

2,416.7

 
$
1,603.1

$
1,704.8

$
1,743.1

$
1,679.2

$
1,685.3

Traditional Home Building
1,466

1,839

1,954

2,644

7,903

 
1,253.8

1,627.4

1,683.3

2,263.7

6,828.2

 
$
855.2

$
884.9

$
861.5

$
856.2

$
864.0

City Living
64

72

40

28

204

 
68.6

84.1

71.9

28.6

253.2

 
$
1,071.8

$
1,167.7

$
1,797.3

$
1,022.5

$
1,239.2

Corporate and other
 
 
 
 
 
 
(3.1
)
0.6

1.8

(0.3
)
(1.0
)
 
 
 
 
 
 
Total home sales
1,530

1,911

1,994

2,672

8,107

 
1,319.3

1,712.1

1,757.0

2,292.0

7,080.4

 
$
862.3

$
895.9

$
881.2

$
857.8

$
873.3

Land sales
 
 
 
 
 
 
43.9

4.0

8.7

87.0

143.6

 
 
 
 
 
 
Total consolidated
 
 
 
 
 
 
$
1,363.2

$
1,716.1

$
1,765.7

$
2,379.0

$
7,224.0

 
 
 
 
 
 

 
Fiscal 2018
 
Units Delivered
 
Revenues ($ Millions)
 
Average Delivered Price Per Unit ($ Thousands)
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
Traditional Home Building:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
North
357

521

589

792

2,259

 
$
232.0

$
351.8

$
390.8

$
543.3

$
1,517.9

 
$
649.8

$
675.2

$
663.5

$
686.1

$
671.9

Mid-Atlantic
229

272

389

381

1,271

 
137.8

168.5

235.5

233.9

775.7

 
$
601.5

$
619.7

$
605.3

$
614.0

$
610.3

South
176

262

314

362

1,114

 
143.0

201.5

243.3

280.8

868.6

 
$
812.6

$
769.0

$
774.9

$
775.6

$
779.7

Mountain
355

458

466

518

1,797

 
207.0

282.1

293.2

344.3

1,126.6

 
$
583.1

$
615.8

$
629.2

$
664.7

$
626.9

Pacific
242

344

459

610

1,655

 
338.1

505.7

700.0

989.7

2,533.5

 
$
1,397.3

$
1,470.0

$
1,525.0

$
1,622.5

$
1,530.8

Traditional Home Building
1,359

1,857

2,217

2,663

8,096

 
1,057.9

1,509.6

1,862.8

2,392.0

6,822.3

 
$
778.4

$
812.9

$
840.2

$
898.3

$
842.7

City Living
64

29

29

47

169

 
117.6

89.6

50.6

63.2

321.0

 
$
1,837.5

$
3,090.8

$
1,745.4

$
1,343.6

$
1,899.4

Total consolidated
1,423

1,886

2,246

2,710

8,265

 
$
1,175.5

$
1,599.2

$
1,913.4

$
2,455.2

$
7,143.3

 
$
826.0

$
847.9

$
851.9

$
906.0

$
864.3




Net Contracts Signed:
 
Fiscal 2019
 
Net Contracted Units
 
Net Contract Value ($ Millions)
 
Average Contracted Price Per Unit ($ Thousands)
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
Traditional Home Building:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
North
402

687

611

567

2,267

 
$
275.2

$
454.8

$
400.4

$
381.2

$
1,511.6

 
$
684.7

$
662.0

$
655.4

$
672.3

$
666.8

Mid-Atlantic
253

344

299

263

1,159

 
160.4

236.8

201.6

173.7

772.5

 
$
633.8

$
688.5

$
674.2

$
660.6

$
666.5

South
201

404

344

358

1,307

 
152.4

288.4

255.5

244.8

941.1

 
$
758.2

$
713.8

$
742.7

$
683.7

$
720.0

Mountain
331

600

622

544

2,097

 
241.1

405.6

414.5

395.0

1,456.2

 
$
728.4

$
675.9

$
666.5

$
726.1

$
694.4

Pacific
169

348

325

253

1,095

 
294.6

554.6

533.3

422.3

1,804.8

 
$
1,743.5

$
1,593.6

$
1,640.8

$
1,669.2

$
1,648.2

Traditional Home Building
1,356

2,383

2,201

1,985

7,925

 
1,123.7

1,940.2

1,805.3

1,617.0

6,486.2

 
$
828.7

$
814.2

$
820.2

$
814.6

$
818.4

City Living
23

41

40

46

150

 
39.7

63.1

63.5

58.4

224.7

 
$
1,724.4

$
1,538.9

$
1,587.1

$
1,271.8

$
1,498.3

Total consolidated
1,379

2,424

2,241

2,031

8,075

 
$
1,163.4

$
2,003.3

$
1,868.8

$
1,675.4

$
6,710.9

 
$
843.6

$
826.4

$
833.9

$
825.0

$
831.1


 
Fiscal 2018
 
Net Contracted Units
 
Net Contract Value ($ Millions)
 
Average Contracted Price Per Unit ($ Thousands)
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
Traditional Home Building:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
North
441

626

626

554

2,247

 
$
311.1

$
422.6

$
407.7

$
369.9

$
1,511.3

 
$
705.5

$
675.1

$
651.2

$
667.8

$
672.6

Mid-Atlantic
195

368

362

251

1,176

 
129.2

230.3

229.7

170.3

759.5

 
$
662.5

$
625.8

$
634.7

$
678.1

$
645.8

South
262

383

323

244

1,212

 
208.4

286.8

256.6

196.5

948.3

 
$
795.3

$
748.8

$
794.5

$
805.3

$
782.4

Mountain
417

559

493

402

1,871

 
263.6

345.3

328.0

292.7

1,229.6

 
$
632.0

$
617.6

$
665.2

$
728.4

$
657.2

Pacific
460

665

463

242

1,830

 
716.3

1,001.1

729.3

431.1

2,877.8

 
$
1,557.2

$
1,505.4

$
1,575.3

$
1,781.1

$
1,572.6

Traditional Home Building
1,775

2,601

2,267

1,693

8,336

 
1,628.6

2,286.1

1,951.3

1,460.5

7,326.5

 
$
917.5

$
878.9

$
860.8

$
862.7

$
878.9

City Living
47

65

49

22

183

 
61.8

97.1

80.7

38.2

277.8

 
$
1,316.0

$
1,494.3

$
1,646.3

$
1,732.9

$
1,518.0

Total consolidated
1,822

2,666

2,316

1,715

8,519

 
$
1,690.4

$
2,383.2

$
2,032.0

$
1,498.7

$
7,604.3

 
$
927.8

$
893.9

$
877.4

$
873.8

$
892.6




Backlog:
 
Fiscal 2019
 
Backlog Units
 
Backlog Value ($ Millions)
 
Average Backlog Price Per Unit ($ Thousands)
 
Q1
Q2
Q3
Q4
 
Q1
Q2
Q3
Q4
 
Q1
Q2
Q3
Q4
Traditional Home Building:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
North
1,716

1,885

1,950

1,742

 
$
1,154.0

$
1,264.5

$
1,305.4

$
1,179.6

 
$
672.5

$
670.8

$
669.5

$
677.2

Mid-Atlantic
779

871

965

784

 
525.6

588.5

642.6

535.3

 
$
674.8

$
675.7

$
665.9

$
682.7

South
944

1,035

1,067

1,048

 
756.9

802.8

815.2

757.3

 
$
801.8

$
775.6

$
764.0

$
722.6

Mountain
1,185

1,369

1,554

1,606

 
838.8

958.8

1,081.5

1,150.9

 
$
707.9

$
700.4

$
695.9

$
716.6

Pacific
1,205

1,213

1,209

974

 
1,942.7

1,919.4

1,879.7

1,484.4

 
$
1,612.2

$
1,582.3

$
1,554.8

$
1,524.0

Traditional Home Building
5,829

6,373

6,745

6,154

 
5,218.0

5,534.0

5,724.4

5,107.5

 
$
895.2

$
868.4

$
848.7

$
829.9

City Living
125

94

94

112

 
148.7

127.7

119.7

149.6

 
$
1,189.4

$
1,358.4

$
1,272.9

$
1,335.6

Total consolidated
5,954

6,467

6,839

6,266

 
$
5,366.7

$
5,661.7

$
5,844.1

$
5,257.1

 
$
901.4

$
875.5

$
854.5

$
839.0



 
Fiscal 2018
 
Backlog Units
 
Backlog Value ($ Millions)
 
Average Backlog Price Per Unit ($ Thousands)
 
Q1
Q2
Q3
Q4
 
Q1
Q2
Q3
Q4
 
Q1
Q2
Q3
Q4
Traditional Home Building:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
North
1,794

1,899

1,936

1,698

 
$
1,235.8

$
1,306.7

$
1,323.5

$
1,150.1

 
$
688.9

$
688.1

$
683.6

$
677.3

Mid-Atlantic
798

894

867

737

 
507.8

569.5

563.8

500.1

 
$
636.3

$
637.0

$
650.3

$
678.6

South
959

1,080

1,089

971

 
766.0

851.3

864.6

780.3

 
$
798.7

$
788.2

$
794.0

$
803.6

Mountain
1,208

1,309

1,336

1,220

 
777.4

840.5

875.3

823.8

 
$
643.5

$
642.1

$
655.1

$
675.3

Pacific
1,356

1,677

1,681

1,313

 
2,124.4

2,619.9

2,649.3

2,090.6

 
$
1,566.7

$
1,562.2

$
1,576.0

$
1,592.2

Traditional Home Building
6,115

6,859

6,909

5,939

 
5,411.4

6,187.9

6,276.5

5,344.9

 
$
884.9

$
902.2

$
908.5

$
900.0

City Living
135

171

191

166

 
165.1

172.5

202.6

177.6

 
$
1,222.6

$
1,009.0

$
1,060.7

$
1,069.7

Total consolidated
6,250

7,030

7,100

6,105

 
$
5,576.5

$
6,360.4

$
6,479.1

$
5,522.5

 
$
892.2

$
904.8

$
912.6

$
904.6















Income (Loss) Before Income Taxes ($ amounts in millions):

 
Fiscal 2019
 
Fiscal 2018
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
Traditional Home Building:
 
 
 
 
 
 
 
 
 
 
 
North
$
15.1

$
7.3

$
25.2

$
33.9

$
81.5

 
$
6.0

$
12.0

$
30.6

$
49.7

$
98.3

Mid-Atlantic
7.1

10.4

12.0

21.2

50.7

 
10.9

13.1

13.8

21.4

59.2

South
15.7

28.6

24.4

37.4

106.1

 
9.5

24.1

32.2

34.1

99.9

Mountain
25.6

27.4

32.2

27.8

113.0

 
21.8

33.1

37.5

43.9

136.3

Pacific
91.6

123.0

121.8

173.3

509.7

 
69.7

100.6

162.9

238.1

571.3

Traditional Home Building
155.1

196.7

215.6

293.6

861.0

 
117.9

182.9

277.0

387.2

965.0

City Living
14.6

25.9

19.1

10.5

70.1

 
30.0

16.7

13.6

17.8

78.1

Corporate and other
(18.3
)
(46.4
)
(47.8
)
(31.4
)
(143.9
)
 
(16.3
)
(46.9
)
(37.5
)
(8.5
)
(109.2
)
Total consolidated
$
151.4

$
176.2

$
186.9

$
272.7

$
787.2

 
$
131.6

$
152.7

$
253.1

$
396.5

$
933.9



Home Sales Cost of Revenues as a Percentage of Home Sales Revenues:
 
Fiscal 2019
 
Fiscal 2018
 
Q1
Q2
Q3
Q4
FY
 
Q1
Q2
Q3
Q4
FY
Traditional Home Building:
 
 
 
 
 
 
 
 
 
 
 
North
83.7
%
89.5
%
84.3
%
86.7
%
86.2
%
 
86.4
%
88.9
%
85.0
%
84.8
%
86.0
%
Mid-Atlantic
83.9
%
85.7
%
86.8
%
85.7
%
85.7
%
 
82.5
%
84.3
%
86.1
%
84.3
%
84.5
%
South
84.1
%
82.7
%
83.4
%
83.4
%
83.4
%
 
85.1
%
82.2
%
81.3
%
82.9
%
82.7
%
Mountain
78.8
%
81.1
%
79.8
%
82.5
%
80.7
%
 
80.4
%
81.0
%
79.9
%
80.1
%
80.3
%
Pacific
73.2
%
73.7
%
73.7
%
75.0
%
74.0
%
 
72.6
%
74.2
%
72.0
%
72.4
%
72.7
%
City Living
76.1
%
65.6
%
70.6
%
72.1
%
70.6
%
 
73.2
%
81.1
%
73.3
%
71.9
%
75.2
%
Total consolidated
79.0
%
80.3
%
79.8
%
81.2
%
80.2
%
 
79.5
%
81.2
%
78.9
%
78.6
%
79.4
%