TMHC · As filed with the SEC
Taylor Morrison Home income statement, by fiscal year
The statement as Taylor Morrison Home presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Operations · USD thousands, except per-share amounts; shares in thousands
| USD thousands, except per-share amounts; shares in thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Total revenue | 8,121,480 | 8,168,136 | 7,417,831 | 8,224,917 | 7,501,265 | 6,129,320 | 4,762,059 | — |
| Land closings revenue | 36,944 | 81,417 | 60,971 | 81,070 | 99,444 | 65,269 | 27,081 | 39,901 |
| Amenity | — | — | — | — | — | — | — | 3,420 |
| Financial Services | — | — | — | — | — | — | — | 41,469 |
| Home closings | — | — | — | — | — | — | — | 3,410,853 |
| Land closings | — | — | — | — | — | — | — | 33,458 |
| Financial services revenue | 209,407 | 199,459 | 160,312 | 135,491 | 164,615 | 155,827 | 92,815 | 67,758 |
| Amenity and other revenue | 119,695 | 132,041 | 37,691 | 118,985 | 65,773 | 44,572 | 18,679 | 4,518 |
| Home closings revenue, net | 7,755,434 | 7,755,219 | 7,158,857 | 7,889,371 | 7,171,433 | 5,863,652 | 4,623,484 | 4,115,216 |
| Total cost of revenue | 6,251,272 | 6,183,924 | 5,634,758 | 6,132,551 | 5,953,384 | 5,085,101 | 3,937,969 | 3,489,200 |
| Land closings revenue | 30,898 | 73,609 | 55,218 | 63,644 | 83,853 | 64,432 | 32,871 | — |
| Financial services revenue | 104,618 | 108,592 | 93,990 | 83,960 | 101,848 | 88,910 | 51,086 | — |
| Amenity and other revenue | 107,749 | 137,980 | 34,149 | 80,489 | 53,778 | 44,002 | 17,155 | — |
| Home closings revenue, net | 6,008,007 | 5,863,743 | 5,451,401 | 5,904,458 | 5,713,905 | 4,887,757 | 3,836,857 | — |
| Gross margin | 1,870,208 | 1,984,212 | 1,783,073 | 2,092,366 | 1,547,881 | 1,044,219 | 824,090 | 738,193 |
| Home closings revenue, net | 1,747,427 | 1,891,476 | — | — | — | — | — | — |
| Sales, commissions and other marketing costs | 461,485 | 456,092 | 418,134 | 398,074 | 400,376 | 377,496 | 320,420 | 278,455 |
| General and administrative expenses | 273,506 | 314,406 | 280,573 | 245,138 | 267,966 | 194,879 | 169,851 | 138,488 |
| Equity in income of unconsolidated entities | — | — | — | — | — | — | (9,509) | (13,332) |
| Net income from unconsolidated entities | (4,867) | (6,347) | (8,757) | 14,184 | (11,130) | (11,176) | — | — |
| Interest (income)/expense, net | — | — | (12,577,000) | 17,674,000 | 3,792,000 | (1,606,000) | (2,673,000) | (1,639,000) |
| Interest expense/(income), net | 47,003 | (13,316) | — | — | — | — | — | — |
| Other expense, net | 37,714 | 50,627 | 87,567 | 38,497 | 23,769 | 23,092 | 7,226 | 11,816 |
| Income tax expense impact of Tax Act | — | — | — | — | — | — | — | 50,900 |
| Transaction and corporate reorganization expenses | — | — | — | — | — | — | 10,697 | — |
| Loss on extinguishment of debt, net | 13,324 | 0 | 295 | (13,876) | 0 | 10,247 | 5,806 | — |
| Transaction expenses | — | — | — | 0 | 0 | — | — | — |
| Income before income taxes | 1,042,043 | 1,156,118 | 1,017,838 | 1,392,675 | 863,108 | 324,117 | 322,272 | 273,516 |
| Effective Rate | 250,780 | 269,548 | 248,097 | 336,428 | 180,741 | 74,590 | 67,358 | 63,036 |
| Net income before allocation to non-controlling interests | 791,263 | 886,570 | 769,741 | 1,056,247 | 682,367 | 249,527 | 254,914 | — |
| Net income attributable to non-controlling interests | (8,763) | (3,261) | (812) | (3,447) | (19,341) | (6,088) | (262) | (533) |
| Net income before allocation to non-controlling interests — Former Principal Equityholders | — | — | — | — | — | 243,439 | 254,652 | 209,947 |
| Net income attributable to non-controlling interests — Former Principal Equityholders | — | — | — | — | — | 0 | 0 | (3,583) |
| Net income | 782,500 | 883,309 | 768,929 | 1,052,800 | 663,026 | 243,439 | 254,652 | 206,364 |
| Earnings per common share | ||||||||
| Basic (in dollars per share) | — | 8.43 | 7.09 | 9.16 | 5.26 | 1.90 | 2.38 | 1.85 |
| Diluted (in dollars per share) | — | 8.27 | 6.98 | 9.06 | 5.18 | 1.88 | 2.35 | 1.83 |
| Basic (in dollars per share) | 7.90 | — | — | — | — | — | — | 1.85 |
| Diluted (in dollars per share) | 7.77 | — | — | — | — | — | — | 1.83 |
| Weighted average number of shares of common stock: | ||||||||
| Basic (in shares) | 99,069 | 104,813 | 108,424 | 114,982 | 126,077 | 127,812 | 106,997 | 111,743 |
| Diluted (in shares) | 100,707 | 106,846 | 110,145 | 116,221 | 128,019 | 129,170 | 108,289 | 115,119 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.