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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 798,568 $ 724,488
Restricted cash 8,531 2,147
Total cash 807,099 726,635
Real estate inventory:    
Owned inventory 5,473,828 5,346,905
Consolidated real estate not owned 71,618 23,971
Total real estate inventory 5,545,446 5,370,876
Land deposits 203,217 263,356
Mortgage loans held for sale 193,344 346,364
Lease right of use assets 75,203 90,446
Prepaid expenses and other assets, net 290,925 265,392
Other receivables, net 184,518 191,504
Investments in unconsolidated entities 346,192 282,900
Deferred tax assets, net 67,825 67,656
Property and equipment, net 295,121 202,398
Goodwill 663,197 663,197
Total assets 8,672,087 8,470,724 Close
Liabilities    
Accounts payable 263,481 269,761
Accrued expenses and other liabilities 549,074 490,253
Lease liabilities 84,999 100,174
Customer deposits 326,087 412,092
Estimated development liabilities 27,440 43,753
Senior notes, net 1,468,695 1,816,303
Loans payable and other borrowings 394,943 361,486
Revolving credit facility borrowings 0 0
Mortgage warehouse borrowings 153,464 306,072
Liabilities attributable to consolidated real estate not owned 71,618 23,971
Total liabilities 3,339,801 3,823,865 Close
COMMITMENTS AND CONTINGENCIES (Note 14)
Stockholders' equity    
Common stock, $0.00001 par value, 400,000,000 shares authorized, 161,129,515 and 159,392,185 shares issued, 106,917,636 and 107,995,262 shares outstanding as of December 31, 2023 and December 31, 2022, respectively 1 1
Additional paid-in capital 3,068,597 3,025,489
Treasury stock at cost, 54,211,879 and 51,396,923 shares as of December 31, 2023 and December 31, 2022, respectively (1,265,097) (1,137,138)
Retained earnings 3,510,544 2,741,615
Accumulated other comprehensive income 896 359
Total stockholders' equity attributable to TMHC 5,314,941 4,630,326
Non-controlling interests 17,345 16,533
Total stockholders’ equity 5,332,286 4,646,859 Close
Total liabilities and stockholders’ equity $ 8,672,087 $ 8,470,724