| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | |
|---|---|---|---|---|---|---|
Operating revenue | ||||||
2,087 | 1,796 | 1,406 | 1,104 | 894 | 572 | |
Lots, land and other sales | ||||||
- | - | - | - | - | 18 | |
Operating costs | ||||||
Cost of sales lots, land and other | ||||||
- | - | - | - | - | 14 | |
Sales and marketing | ||||||
114 | 86 | 72 | 61 | 45 | 26 | |
General and administrative | ||||||
119 | 90 | 73 | 59 | 54 | 40 | |
Transaction expenses | ||||||
3 | 0 | 0 | - | 5 | 0 | |
Other | ||||||
-2 | -2 | -0 | 1 | 2 | 2 | |
Amortization of intangible assets Note 7 | ||||||
- | - | - | 0 | 1 | 1 | |
Total operating costs | ||||||
1,948 | 1,658 | 1,312 | 1,023 | 819 | 516 | |
Operating income | ||||||
138 | 137 | 93 | 80 | 75 | 55 | |
Interest expense, net of amounts capitalized | ||||||
- | - | - | - | - | 2 | |
Equity in income of unconsolidated joint ventures | ||||||
3 | 3 | 5 | 3 | 0 | 0 | |
Other income, net | ||||||
2 | 0 | 3 | 3 | 2 | 0 | |
Income before extinguishment of debt | ||||||
144 | 142 | 102 | 87 | - | - | |
(Loss) on extinguishment of debt, net | ||||||
1 | -21 | 0 | 0 | - | - | |
Income before reorganization items and (provision) benefit from income taxes | ||||||
- | - | - | - | - | 53 | |
Reorganization items, net | ||||||
- | - | - | - | - | 0 | |
Income (loss) before provision for income taxes | ||||||
145 | 120 | 102 | 87 | 78 | 53 | |
Provision for income taxes | ||||||
30 | 62 | 34 | 26 | 23 | -82 | |
Net income | ||||||
115 | 57 | 67 | 60 | 54 | 135 | |
Less: Net income attributable to noncontrolling interests | ||||||
23 | 9 | 8 | 2 | 9 | 6 | |
Net income available to common stockholders | ||||||
91 | 48 | 59 | 57 | 44 | 129 | |
Preferred stock dividends | ||||||
- | - | - | - | - | 1 | |
Net income available to common stockholders | ||||||
- | - | - | - | - | 127 | |
Income per common share: | ||||||
Basic (in USD per share) | ||||||
2.42 | 1.30 | 1.62 | 1.57 | 1.41 | 5.16 | |
Diluted (in USD per share) | ||||||
2.32 | 1.24 | 1.55 | 1.48 | 1.34 | 4.95 | |
Weighted average common shares outstanding: | ||||||
Basic (in shares) | ||||||
37 | 37 | 36 | 36 | 31 | 24 | |
Diluted (in shares) | ||||||
39 | 38 | 38 | 38 | 33 | 25 | |
Home sales | ||||||
Operating revenue | ||||||
2,081 | 1,795 | 1,402 | 1,078 | 857 | 521 | |
Cost of goods and services sold | ||||||
1,703 | 1,478 | 1,162 | 878 | 677 | 405 | |
Construction services | ||||||
Operating revenue | ||||||
5 | 1 | 3 | 25 | 37 | 32 | |
Cost of goods and services sold | ||||||
5 | 1 | 3 | 21 | 30 | 25 | |