Hovnanian enterprises inc (HOVNP)
Income statement / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Jul'10
Sale of homes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

276,479

246,974

235,885

368,077

Land sales and other revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,289

2,819

9,588

3,770

Total homebuilding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

277,768

249,793

245,473

371,847

Financial services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,850

5,304

7,094

8,753

Revenues

494,056

713,590

482,041

440,691

380,594

614,811

456,712

502,544

417,166

721,686

592,035

585,935

552,009

805,069

716,850

654,723

575,605

693,204

540,613

468,949

445,714

698,394

551,009

449,929

364,048

591,687

478,357

422,998

358,211

487,045

387,011

341,698

269,599

341,625

285,618

255,097

252,567

380,600

Cost of sales, excluding interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

234,256

210,463

201,430

306,054

Cost of sales interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,222

13,956

15,626

22,184

Inventory impairment loss and land option write-offs

2,828

2,687

1,435

1,462

704

318

96

2,673

414

8,479

4,197

1,953

3,184

10,438

1,565

9,669

11,681

4,426

1,077

4,311

2,230

3,297

741

522

664

1,486

623

2,191

665

5,300

689

3,216

3,325

59,873

11,426

16,925

13,525

48,959

Total cost of sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

259,904

241,344

230,581

377,197

Other interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,207

24,887

23,985

22,671

Other operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,298

-1,089

-1,151

-1,109

-

-

-

-

-

-

-

-

-2,871

-341

-706

-887

-1,791

Total expenses

512,488

680,116

492,847

462,855

407,262

581,998

463,100

512,025

442,461

-

-

-

-

760,171

711,791

661,312

575,638

653,080

549,089

495,585

464,616

663,149

535,848

457,139

390,509

561,061

471,036

422,899

380,637

481,996

395,221

364,678

308,511

447,477

337,547

323,903

316,138

464,827

Selling, general and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,900

39,837

40,207

42,184

Total homebuilding expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

294,804

281,181

270,788

419,381

Financial services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,547

5,177

5,470

6,168

Corporate general and administrative

19,744

17,572

14,959

16,169

17,664

17,960

16,393

16,144

19,135

-

-

-

-

-

-

-

-

-

-

-

-

16,538

15,804

14,641

16,392

-

-

-

-

-

-

-

-

11,330

11,648

11,952

15,008

14,816

Other interest

25,003

22,743

22,377

22,663

22,273

23,219

24,859

26,088

29,131

-

-

-

-

-

-

-

-

-

-

-

-

20,693

19,880

23,472

23,333

-

-

-

-

-

-

-

-

-

-

-

-

-

Other interest expensed

25,003

22,743

22,377

22,663

22,273

23,219

24,859

26,088

29,131

-

-

-

-

-

-

-

-

-

-

-

-

-

19,880

23,472

23,333

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operations

-194

-368

-622

-329

-242

-297

-495

-402

-390

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on extinguishment of debt

9,456

-

-

-

-

-1,830

-4,266

-1,440

-

0

-42,258

-242

7,646

3,200

0

0

0

-

-

-

-

-

-

-1,155

-

-760

-

-

-

-87,033

6,230

27,039

24,698

-

-1,391

-1,644

-

5,256

Income from unconsolidated joint ventures

1,540

8,376

3,742

7,252

9,562

17,134

10,732

1,343

-5,176

3,062

-3,881

-4,562

-1,666

881

-2,401

-1,346

-1,480

1,699

-448

1,466

1,452

4,048

211

1,067

2,571

5,234

3,690

827

2,289

3,077

852

1,495

-23

-2,479

-2,255

-3,232

-992

-871

(Loss) before income taxes

-7,436

-586

-7,064

-14,912

-17,106

48,117

78

-9,578

-30,471

12,305

-50,173

-7,699

323

32,141

1,093

-17,604

-13,194

37,397

-10,001

-29,481

-19,680

35,996

15,372

-7,298

-23,890

33,614

10,388

-1,265

-20,802

-84,207

-1,817

2,338

-17,562

-

-

-

-

-

(Loss) income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-55,575

-73,682

-64,563

-79,842

State

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,642

-372

665

-6,988

State

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,642

-372

665

-6,988

Federal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-643

-1,086

-

Tax provision (benefit)

1,712

1,221

537

345

346

1,939

1,104

245

338

464

287,036

-1,017

466

9,852

1,567

-9,143

2,979

11,878

-2,317

-9,922

-5,304

-286,468

-1,733

604

633

795

1,922

-2,583

-9,494

203

-36,493

536

703

580

-4,645

-1,015

-421

-6,988

Net (loss)

-9,148

-1,807

-7,601

-15,257

-17,452

-

-1,026

-9,823

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) per common share (in dollars per share)

-1.49

-

-1.27

-2.56

-2.93

-

-0.18

-1.65

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted-average number of common shares outstanding, basic (in shares)

-

-

5,971

5,962

-

-

5,947

5,937

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss)

-

-

-

-

-

46,178

-

-

-30,809

11,841

-337,209

-6,682

-143

22,289

-474

-8,461

-16,173

25,519

-7,684

-19,559

-14,376

322,464

17,105

-7,902

-24,523

32,819

8,466

1,318

-11,308

-84,410

34,676

1,802

-18,265

-98,348

-50,930

-72,667

-64,142

-72,854

Net (loss) income per common share (in dollars per share)

-

-

-

-

-

0.30

-

-

-0.21

0.08

-2.28

-0.05

0.00

0.14

0.00

-0.06

-0.11

0.17

-0.05

-0.13

-0.10

2.15

0.11

-0.05

-0.17

0.22

0.06

0.01

-0.08

-0.59

0.25

0.02

-0.17

-0.87

-0.47

-0.69

-0.82

-0.92

Weighted-average number of common shares outstanding (in shares)

6,161

-

-

-

5,958

148,925

-

-

148,028

147,905

147,748

147,558

147,535

147,521

147,412

147,334

147,139

147,057

147,010

146,946

146,929

146,413

146,365

146,325

145,982

145,821

146,056

145,948

141,725

142,249

138,472

116,021

108,735

-292,811

108,721

105,894

78,598

78,763

Net (loss) income per common share (in dollars per share)

-

-

-

-

-

0.29

-

-

-0.21

0.08

-2.28

-0.05

0.00

0.14

0.00

-0.06

-0.11

0.16

-0.05

-0.13

-0.10

1.95

0.11

-0.05

-0.17

0.21

0.06

0.01

-0.08

-0.59

0.25

0.02

-0.17

-0.87

-0.47

-0.69

-0.82

-0.92

Weighted-average number of common shares outstanding (in shares)

-

-

-

-

-

151,929

-

-

148,028

160,548

147,748

147,558

147,535

160,590

147,412

147,334

147,139

160,299

147,010

146,946

146,929

161,720

162,278

146,325

145,982

162,100

162,823

147,231

141,725

142,249

138,552

116,117

108,735

-292,811

108,721

105,894

78,598

78,763

Homebuilding [Member]
Revenues

480,042

694,117

469,277

428,384

370,986

598,407

443,703

489,490

406,278

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of sales, excluding interest

396,355

562,434

381,939

355,477

304,927

482,713

361,303

393,012

329,527

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of sales interest

18,136

27,556

19,029

13,898

10,242

15,605

13,424

19,364

12,292

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory impairment loss and land option write-offs

2,828

2,687

1,435

1,462

704

318

96

2,673

414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost of sales

417,319

592,677

402,403

370,837

315,873

498,636

374,823

415,049

342,233

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative

40,674

36,310

43,559

44,179

42,736

32,883

37,544

45,544

43,231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

457,993

628,987

445,962

415,016

358,609

531,519

412,367

460,593

385,464

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financial Services [Member]
Revenues

14,014

19,473

12,764

12,307

9,608

16,404

13,009

13,054

10,888

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

9,554

10,446

8,927

8,678

8,474

9,003

8,986

8,798

8,341

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

State and Local Jurisdiction [Member]
Tax provision (benefit)

1,712

1,221

537

345

346

1,939

1,104

245

338

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-