Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
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| Revenues: | |||||
| Total revenues | $ 4,003,533 | $ 3,895,062 | $ 11,767,926 | $ 10,924,333 | |
| Homebuilding Cost of Revenues: | |||||
| Cost of revenues | (2,774,603) | (2,663,156) | (8,160,754) | (7,454,714) | |
| Financial Services expenses | (46,431) | (45,323) | (137,244) | (132,655) | |
| Selling, general, and administrative expenses | (353,167) | (350,112) | (1,004,323) | (1,030,391) | |
| Equity income from unconsolidated entities | 891 | 446 | 4,348 | 2,390 | |
| Gain on debt retirement | 362 | 0 | 362 | 0 | |
| Other income (expense), net | 16,729 | (25,640) | 32,134 | (33,220) | |
| Income before income taxes | 847,314 | 811,277 | 2,502,449 | 2,275,743 | |
| Income tax expense | (208,539) | (183,349) | (611,070) | (540,657) | |
| Net income | $ 638,775 | $ 627,928 | $ 1,891,379 | $ 1,735,086 | |
| Per share: | |||||
| Basic earnings (usd per share) | $ 2.92 | $ 2.70 | $ 8.49 | $ 7.26 | |
| Diluted earnings (usd per share) | 2.90 | 2.69 | 8.45 | 7.22 | |
| Cash dividends declared (usd per share) | $ 0.16 | $ 0.15 | $ 0.48 | $ 0.45 | |
| Number of shares used in calculation: | |||||
| Basic shares outstanding (shares) | 218,288 | 230,967 | 221,832 | 237,639 | |
| Effect of dilutive securities (shares) | 1,394 | 1,333 | 1,152 | 1,240 | |
| Diluted shares outstanding (shares) | 219,682 | 232,300 | 222,984 | 238,879 | |
| Home sale revenues | |||||
| Homebuilding Cost of Revenues: | |||||
| Cost of revenues | $ (2,739,596) | $ (2,636,842) | $ (8,068,287) | $ (7,364,743) | |
| Land sale and other revenues | |||||
| Homebuilding Cost of Revenues: | |||||
| Cost of revenues | (35,007) | (26,314) | (92,467) | (89,971) | |
| Homebuilding | |||||
| Revenues: | |||||
| Revenues | 3,926,813 | 3,822,353 | 11,541,051 | 10,684,706 | |
| Homebuilding Cost of Revenues: | |||||
| Income before income taxes | 818,365 | 783,763 | 2,413,103 | 2,167,562 | |
| Homebuilding | Home sale revenues | |||||
| Revenues: | |||||
| Revenues | 3,886,908 | 3,791,695 | 11,433,476 | 10,587,080 | |
| Homebuilding | Land sale and other revenues | |||||
| Revenues: | |||||
| Revenues | 39,905 | 30,658 | 107,575 | 97,626 | |
| Financial Services | |||||
| Revenues: | |||||
| Revenues | 76,720 | 72,709 | 226,875 | 239,627 | |
| Homebuilding Cost of Revenues: | |||||
| Income before income taxes | $ 28,949 | $ 27,514 | $ 89,346 | $ 108,181 | |
| X | ||||||||||
- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Other costs incurred during the reporting period related to other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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