Taylor morrison home corp (TMHC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Revenue

4,762

4,227

3,885

3,550

2,976

2,708

1,916

1,041

Financial services revenue

-

-

-

59

43

35

30

21

Financial services expenses

-

-

-

32

25

19

16

11

Total cost of revenue

3,937

3,489

3,146

2,869

2,408

2,142

1,500

834

Gross margin

824

738

738

680

567

566

415

206

Sales, commissions and other marketing costs

320

278

259

239

198

168

127

70

General and administrative expenses

169

138

130

122

95

81

77

41

Equity in income of unconsolidated entities

9

13

8

7

1

5

2

1

Interest income, net

2

1

0

0

0

-1

-0

0

Other expense/(income), net

-7

-11

-2

-11

-11

-18

-2

-3

Transaction and corporate reorganization expenses

10

50

0

-

-

-

-

-

Loss on extinguishment of debt

-5

0

0

0

-33

0

-10

-7

Net income before allocation to non-controlling interests

-

-

-

-

-

-

94

430

Income before income taxes

322

273

355

-

-

-

-

-

Gain on foreign currency forward

-

-

-

0

29

0

0

-

Indemnification and transaction expenses

-

-

-

-

-

-

-195

-13

Income/(loss) before income taxes

-

-

-

314

260

301

4

71

Income tax provision

67

63

179

107

90

76

-23

-284

Income from discontinued operations

-

-

-

-

-

61

93

-

Transaction expenses from discontinued operations

-

-

-

0

9

0

0

-

Gain on sale of discontinued operations

-

-

-

0

80

0

0

-

Income tax expense from discontinued operations

-

-

-

0

13

19

26

-

Net income from discontinued operations

-

-

-

0

58

41

66

74

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

254

210

176

206

229

267

94

430

Net income from continuing operations

-

-

-

206

170

225

28

355

Discontinued operations:
Net income attributable to non-controlling interests — joint ventures

0

0

0

1

1

1

-0

0

Net income before allocation to non-controlling interests — Former Principal Equityholders

254

209

176

205

227

265

-

-

Net income attributable to non-controlling interests — Former Principal Equityholders

0

3

85

152

123

163

-1

355

Net income from discontinued operations attributable to non-controlling interests Principal Equityholders

-

-

-

0

42

30

51

74

Net (loss)/income available to Taylor Morrison Home Corporation

254

206

91

52

61

71

45

-

(Loss)/earnings per common share
Earnings Per Share, Basic [Abstract]
Basic (usd per share)

2.38

1.85

1.47

1.69

1.38

1.83

0.91

-

Discontinued operations - net of tax (usd per share)

-

-

-

0.00

0.47

0.34

0.47

-

Basic (usd per share)

-

-

-

1.69

1.85

2.17

1.38

-

Earnings per common share — diluted:
Diluted (usd per share)

2.35

1.83

1.47

1.69

1.38

1.83

0.91

-

Discontinued operations - net of tax (usd per share)

-

-

-

0.00

0.47

0.34

0.47

-

Diluted (usd per share)

-

-

-

1.69

1.85

2.17

1.38

-

Weighted average number of shares of common stock:
Basic (in shares)

106

111

62

31

33

32

32

-

Diluted (in shares)

108

115

120

120

122

122

122

-

Home closings
Revenue

4,623

4,115

3,799

3,425

2,889

2,619

1,857

986

Total cost of revenues

3,836

3,410

3,092

-

-

-

-

-

Cost of home/land closings

-

-

-

2,801

2,358

2,082

1,457

795

Land closings
Revenue

27

39

17

64

43

53

27

33

Total cost of revenues

32

33

12

-

-

-

-

-

Cost of home/land closings

-

-

-

35

24

39

26

27

Financial services
Revenue

92

67

69

-

-

-

-

-

Total cost of revenues

51

41

41

-

-

-

-

-

Amenity
Revenue

18

4

0

-

-

-

-

-

Amenity and other
Total cost of revenues

17

3

0

-

-

-

-

-