| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues: | |||||||||||
Revenues | |||||||||||
10,212 | 10,188 | 8,577 | 7,676 | 5,981 | 5,822 | 5,679 | 4,819 | 4,136 | 4,569 | 4,084 | 6,263 |
Selling, general, and administrative expenses | |||||||||||
1,044 | 1,012 | 891 | 957 | 794 | 861 | 568 | 514 | 519 | 895 | 672 | 814 |
Other income (expense), net | |||||||||||
-13 | -13 | -32 | -56 | -17 | -26 | -76 | -66 | -293 | -742 | -685 | -39 |
Interest income | |||||||||||
- | - | - | - | - | - | - | 4 | 5 | 9 | 9 | 26 |
Interest expense | |||||||||||
- | - | - | - | - | - | - | 0 | 1 | 2 | 2 | 2 |
Equity in earnings of unconsolidated entities | |||||||||||
- | - | - | - | - | - | - | 4 | 3 | 2 | -49 | -12 |
Income before income taxes | |||||||||||
1,339 | 1,347 | 938 | 933 | 816 | 689 | 527 | 183 | -310 | -1,234 | -1,975 | -1,682 |
Income tax expense | |||||||||||
322 | 325 | 491 | 331 | 321 | 215 | -2,092 | -22 | -99 | -137 | -792 | -209 |
Net income | |||||||||||
1,016 | 1,022 | 447 | 602 | 494 | 474 | 2,620 | 206 | -210 | -1,096 | -1,182 | -1,473 |
Per share: | |||||||||||
Basic earnings (usd per share) | |||||||||||
3.67 | 3.56 | 1.45 | 1.76 | 1.38 | 1.27 | 6.79 | 0.54 | -0.55 | -2.90 | -3.94 | -5.81 |
Diluted earnings (usd per share) | |||||||||||
3.66 | 3.55 | 1.44 | 1.75 | 1.36 | 1.26 | 6.72 | 0.54 | -0.55 | -2.90 | -3.94 | -5.81 |
Cash dividends declared (usd per share) | |||||||||||
0.45 | 0.38 | 0.36 | 0.36 | 0.33 | 0.23 | 0.15 | 0.00 | 0.00 | - | 0.00 | 0.16 |
Number of shares used in calculation: | |||||||||||
Basic shares outstanding (shares) | |||||||||||
274 | 283 | 305 | 339 | 356 | 370 | 383 | 381 | 379 | 378 | 300 | 253 |
Effect of dilutive securities (shares) | |||||||||||
0 | 1 | 1 | 2 | 3 | 3 | 3 | 3 | 0 | 0 | 0 | 0 |
Diluted shares outstanding (shares) | |||||||||||
275 | 284 | 306 | 342 | 359 | 374 | 386 | 384 | 379 | 378 | 300 | 253 |
Home sale | |||||||||||
Revenues | |||||||||||
9,915 | 9,818 | 8,323 | 7,451 | 5,792 | 5,662 | 5,424 | 4,552 | 3,950 | 4,419 | 3,869 | 5,980 |
Cost of revenues | |||||||||||
7,628 | 7,540 | 6,461 | 5,587 | 4,235 | 4,149 | 4,310 | 3,833 | 3,444 | 4,006 | 4,274 | 6,585 |
Land sale and other | |||||||||||
Revenues | |||||||||||
62 | 164 | 61 | 44 | 48 | 34 | 114 | 106 | 82 | 27 | 97 | 131 |
Cost of revenues | |||||||||||
56 | 126 | 134 | 32 | 35 | 23 | 104 | 94 | 59 | 53 | 211 | 393 |
Total Homebuilding | |||||||||||
Revenues | |||||||||||
9,978 | 9,982 | 8,385 | 7,495 | 5,841 | 5,696 | 5,538 | 4,659 | 4,033 | 4,447 | 3,966 | 6,112 |
Financial services expenses | |||||||||||
7,684 | 7,667 | 6,595 | 5,620 | 4,271 | 4,173 | 4,414 | 3,928 | 3,503 | 4,059 | 4,485 | 6,979 |
Financial Services | |||||||||||
Revenues | |||||||||||
234 | 205 | 192 | 181 | 140 | 125 | 140 | 160 | 103 | 121 | 117 | 151 |
Financial services expenses | |||||||||||
130 | 147 | 119 | 108 | 82 | 71 | 92 | 135 | 137 | 116 | 172 | 123 |