Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
||||
| Total revenue | $ 7,417,831 | $ 8,224,917 | $ 7,501,265 | |||
| Total cost of revenue | 5,634,758 | 6,132,551 | 5,953,384 | |||
| Gross margin | 1,783,073 | 2,092,366 | 1,547,881 | | ||
| Sales, commissions and other marketing costs | 418,134 | 398,074 | 400,376 | | ||
| General and administrative expenses | 280,573 | 245,138 | 267,966 | | ||
| Net (income)/loss from unconsolidated entities | (8,757) | 14,184 | (11,130) | | ||
| Interest (income)/expense, net | (12,577) | 17,674 | 3,792 | | ||
| Other expense, net | 87,567 | 38,497 | 23,769 | | ||
| Loss/(gain) on extinguishment of debt, net | 295 | (13,876) | 0 | | ||
| Total Other Expenses | 765235.0 | 699691.0 | 684773.0 | 0 | 0 | |
| Income before income taxes | 1,017,838 | 1,392,675 | 863,108 | | | |
| Income tax provision | 248,097 | 336,428 | 180,741 | | ||
| Net income before allocation to non-controlling interests | 769,741 | 1,056,247 | 682,367 | |||
| Net income attributable to non-controlling interests | (812) | (3,447) | (19,341) | |||
| Net income | $ 768,929 | $ 1,052,800 | $ 663,026 | | ||
| Earnings per common share | ||||||
| Basic (in dollars per share) | $ 7.09 | $ 9.16 | $ 5.26 | |||
| Diluted (in dollars per share) | $ 6.98 | $ 9.06 | $ 5.18 | |||
| Weighted average number of shares of common stock: | ||||||
| Basic (in shares) | 108,424 | 114,982 | 126,077 | |||
| Diluted (in shares) | 110,145 | 116,221 | 128,019 | |||
| Home closings | ||||||
| Total revenue | $ 7,158,857 | $ 7,889,371 | $ 7,171,433 | |||
| Total cost of revenue | 5,451,401 | 5,904,458 | 5,713,905 | |||
| Land closings | ||||||
| Total revenue | 60,971 | 81,070 | 99,444 | |||
| Total cost of revenue | 55,218 | 63,644 | 83,853 | |||
| Financial services | ||||||
| Total revenue | 160,312 | 135,491 | 164,615 | |||
| Total cost of revenue | 93,990 | 83,960 | 101,848 | |||
| Amenity and other | ||||||
| Total revenue | 37,691 | 118,985 | 65,773 | |||
| Total cost of revenue | $ 34,149 | $ 80,489 | $ 53,778 | |||
| X | ||||||||||
- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) derived from continuing operations during 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
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Definition Amount, before tax, of income (loss) including portion attributable to noncontrolling interest. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Definition Amount after tax of income (loss) attributable to redeemable noncontrolling shareholder, unit holder, partner, or other equity holder of a joint venture. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|