Mdc holdings inc (MDC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Home sale revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

216,501

311,276

140,943

186,816

185,554

Land sale revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

904

5,699

15

9,414

1,954

Home cost of sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

171,199

255,062

109,390

151,596

152,118

Land cost of sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

818

4,974

191

9,433

1,500

Inventory impairments

0

325

0

0

610

10,002

11,098

200

550

620

4,540

0

4,850

-

-

-

-

6,418

3,225

0

350

-

-

-

-

-

400

0

-

-

0

-

-

-

-

-

-

-

3,718

-

-

1,197

1,243

Other revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,276

9,355

6,120

6,996

7,758

Home sale revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

208,728

163,587

-

225,681

326,330

147,078

203,226

195,266

Gross profit

138,438

-

140,958

-

122,116

-

135,681

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,269

44,588

40,203

45,800

37,800

Interest and other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,544

7,541

4,428

2,724

2,968

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,039

-

-

-

99

56

381

Other-than-temporary impairment of marketable securities

-

-

-

-

-

-

-

-

-

-

0

100

100

369

300

300

431

1,769

2,200

0

0

-

4,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Losses on early extinguishments of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,741

0

0

-9,412

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Extinguishment of senior notes and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

271

105

-

-

-

Pretax income

48,562

112,246

62,806

74,331

55,606

69,286

67,420

76,616

50,532

51,798

89,680

51,894

36,360

58,998

38,052

40,458

14,273

32,558

23,658

31,882

13,326

23,885

23,924

34,026

18,640

34,318

34,909

38,012

22,586

29,851

19,484

9,655

2,125

-19,776

-34,189

-29,803

-23,704

-35,066

-10,594

-3,699

-21,242

-31,818

-19,063

Marketing expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,191

11,475

7,060

9,631

7,930

Commission expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,078

11,611

5,129

6,808

6,953

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

685

0

0

909

817

0

0

0

808

-

-

-

-

9,347

9,000

9,436

10,374

9,760

9,838

Other operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

817

529

491

3,594

292

Related party expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

9

5

4

Total operating costs and expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

235,090

328,239

162,473

228,064

207,840

Loss from operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,409

-1,909

-15,395

-24,838

-12,574

Income before income taxes

48,562

112,246

62,806

74,331

55,606

69,286

67,420

76,616

50,532

51,798

89,680

51,894

36,360

58,998

38,052

40,458

14,273

32,558

23,658

31,882

13,326

23,885

23,924

34,026

18,640

34,318

34,909

38,012

22,586

29,851

19,484

9,655

2,125

-19,776

-34,189

-29,803

-23,704

-35,066

-10,594

-3,699

-21,242

-31,818

-19,063

Provision for income taxes

11,802

19,657

12,226

19,738

15,056

14,561

14,028

12,717

11,768

27,246

28,517

18,023

14,111

18,622

11,693

13,545

4,710

9,963

8,880

11,884

4,906

9,246

8,466

12,484

7,136

3,609

-1,342

-186,897

70

-2,065

-642

983

140

-4,601

-2,479

1,823

-3,825

6,570

-355

-15

-369

230

10,519

Net income

36,760

92,589

50,580

54,593

40,550

54,725

53,392

63,899

38,764

24,552

61,163

33,871

22,249

40,376

26,359

26,913

9,563

22,595

14,778

19,998

8,420

14,639

15,458

21,542

11,504

30,709

36,251

224,909

22,516

29,670

20,126

10,638

2,265

-18,821

-31,710

-27,980

-19,879

-29,974

-10,239

-3,684

-20,873

-32,048

-29,582

Other comprehensive loss related to available-for-sale securities, net of tax

-

-

-

-

-

-

-

-

-

1,166

-23,175

1,944

1,986

2,485

1,028

895

1,948

4,538

-226

-360

1,308

3,083

-2,484

2,327

-4,046

4,237

1,960

-1,995

2,535

-

5,095

-698

-

6,781

-20,237

-1,971

3,303

-

-

-

-

-

-

Comprehensive income

36,760

92,589

50,580

54,593

40,550

54,725

53,392

63,899

38,764

25,718

37,988

35,815

24,235

42,861

27,387

27,808

11,511

27,133

14,552

19,638

9,728

17,722

12,974

23,869

7,458

34,946

38,211

222,914

25,051

30,803

25,221

9,940

8,813

-12,040

-51,947

-29,951

-16,576

-

-

-

-

-

-

Unrealized gain related to available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,548

-

-

-

-

-

-

-

-

-

-

Tax effect

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Earnings per share:
Basic (in dollars per share)

0.58

1.49

0.81

0.88

0.66

0.90

0.87

1.05

0.64

0.25

1.09

0.61

0.40

0.64

0.51

0.52

0.19

0.31

0.30

0.41

0.17

0.23

0.32

0.44

0.24

0.59

0.74

4.60

0.46

0.62

0.41

0.22

0.04

-0.41

-0.68

-0.60

-0.43

-0.65

-0.22

-0.08

-0.45

-0.69

-0.64

Diluted (in dollars per share)

0.56

1.43

0.79

0.86

0.64

0.87

0.86

1.03

0.63

0.23

1.07

0.60

0.40

0.63

0.51

0.52

0.19

0.30

0.30

0.41

0.17

0.24

0.32

0.44

0.23

0.60

0.74

4.55

0.45

0.62

0.41

0.22

0.04

-0.41

-0.68

-0.60

-0.43

-0.65

-0.22

-0.08

-0.45

-0.69

-0.64

Weighted average common shares outstanding:
Basic (in shares)

62,491

62,213

61,978

61,336

60,939

60,687

60,665

60,590

60,340

73,602

55,782

55,635

55,448

67,699

51,297

51,293

51,269

74,926

48,785

48,768

48,714

58,332

48,625

48,640

48,585

48,513

48,478

48,478

48,342

48,171

47,761

47,398

47,311

47,012

46,736

46,719

46,716

-

-

-

-

-

-

Diluted (in shares)

64,931

64,810

63,968

63,323

62,708

62,466

61,804

61,604

61,447

76,648

56,809

56,639

55,717

68,211

51,460

51,304

51,275

75,148

49,070

49,005

48,891

58,495

48,830

48,852

48,854

48,705

48,753

48,946

48,922

48,497

47,940

47,516

47,382

47,012

46,736

46,719

46,716

-

-

-

-

-

-

Dividends declared per share (in dollars per share)

0.33

-

0.30

0.30

0.30

-

0.28

0.28

0.28

-

0.23

0.23

0.23

-

0.24

0.24

0.24

-

0.25

0.25

0.25

-

0.25

0.25

0.25

-

-

-

-

-

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

Homebuilding Segment [Member]
Revenues

697,085

1,074,852

750,274

732,844

647,278

858,488

766,027

749,608

607,688

704,258

586,287

648,971

563,726

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of sales

558,647

876,481

609,316

590,172

525,162

702,858

630,346

606,603

497,182

583,055

490,946

540,279

474,003

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory impairments

0

325

0

0

610

10,002

11,098

200

550

620

4,540

0

4,850

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross margin

-

-

140,958

142,672

-

155,630

135,681

143,005

110,506

121,203

95,341

108,692

89,723

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative expenses

89,321

105,101

92,716

82,712

82,261

93,366

83,523

81,571

71,341

81,379

69,102

70,709

66,298

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and other income

1,889

1,579

2,336

2,764

2,391

2,132

1,953

1,774

1,859

1,614

54,548

2,847

2,327

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

1,337

1,447

1,887

1,110

1,191

2,683

1,128

871

563

1,233

618

666

351

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other-than-temporary impairment of marketable securities

-

-

-

-

-

-

-

-

-

-

0

1

50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pretax income

49,669

93,402

48,691

61,614

41,055

61,713

52,983

62,337

40,461

40,256

80,169

40,163

25,351

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

-1,337

-

-

-

-1,191

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

49,669

-

-

-

41,055

-

-

-

-

40,256

80,169

40,163

25,351

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financial Services Segment [Member]
Revenues

21,886

29,616

22,388

18,597

17,404

23,387

19,611

21,372

19,035

19,856

17,464

19,073

17,979

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other-than-temporary impairment of marketable securities

-

-

-

-

-

-

-

-

-

-

29

80

51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pretax income

-1,107

18,844

14,115

12,717

14,551

7,573

14,437

14,279

10,071

11,542

9,511

11,731

11,009

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenses

10,929

16,118

10,352

9,574

8,957

10,350

9,408

9,611

8,831

9,287

8,849

8,500

7,898

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

-12,064

8,440

1,312

1,367

6,104

-2,335

1,230

1,240

1,020

813

925

1,238

979

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on marketable equity securities

-

-

767

2,327

-

-

3,004

1,278

-1,153

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

-1,107

-

-

-

14,551

-

-

-

-

11,542

9,511

11,731

11,009

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-