Taylor Morrison Home Corporation (TMHC) financial statements (2021 and earlier)
Company profile
| Business Address |
4900 N. SCOTTSDALE ROAD, SUITE 2000 SCOTTSDALE, AZ 85251 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 1531 - Operative Builders (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 533 | 326 | 330 | 574 | 300 | 126 | 234 | ||
| Cash and cash equivalents | 533 | 326 | 330 | 574 | 300 | 126 | 234 | ||
| Prepaid expense | 50 | 49 | 70 | 53 | 59 | 81 | 76 | ||
| Disposal group, including discontinued operation | 269 | ||||||||
| Assets held-for-sale, not part of disposal group | 201 | 191 | ✕ | ||||||
| Other current assets | 69 | 33 | 28 | 19 | 14 | 14 | 14 | ||
| Total current assets: | 853 | 599 | 428 | 646 | 374 | 221 | 592 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 37 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Inventory, real estate | 5,332 | 3,987 | 3,981 | 2,959 | 3,017 | 3,127 | 2,518 | ||
| Property, plant and equipment | 98 | 86 | 87 | 7 | 7 | 7 | 5 | ||
| Long-term investments and receivables | 128 | 129 | 141 | 192 | 158 | 128 | 110 | ||
| Long-term investments | 128 | 129 | 141 | 192 | 158 | 128 | 110 | ||
| Intangible assets, net (including goodwill) | 663 | 150 | 153 | 68 | 69 | 62 | 29 | ||
| Goodwill | 663 | 149 | 152 | 66 | 66 | 58 | 23 | ||
| Intangible assets, net (excluding goodwill) | 1 | 1 | 2 | 3 | 4 | 5 | |||
| Deferred income tax assets | 238 | 140 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Total noncurrent assets: | 6,460 | 4,528 | 4,361 | 3,227 | 3,251 | 3,325 | 2,663 | ||
| Other undisclosed assets | 426 | 119 | 476 | 453 | 596 | 591 | 878 | ||
| TOTAL ASSETS: | 7,738 | 5,246 | 5,264 | 4,326 | 4,221 | 4,137 | 4,133 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 127 | 123 | 130 | 119 | 199 | 183 | 161 | ||
| Total current liabilities: | 127 | 123 | 130 | 119 | 199 | 183 | 161 | ||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 4,017 | 2,577 | 2,715 | 1,861 | 1,862 | 1,981 | 2,195 | ||
| Total liabilities: | 4,144 | 2,700 | 2,846 | 1,979 | 2,061 | 2,165 | 2,356 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 3,505 | 2,538 | 2,415 | 1,596 | 552 | 520 | 478 | ||
| Common stock | 0 | 0 | |||||||
| Treasury stock, value | (447) | (344) | (186) | (48) | (44) | (15) | |||
| Additional paid in capital | 2,927 | 2,098 | 2,072 | 1,342 | 385 | 377 | 374 | ||
| Accumulated other comprehensive income (loss) | (1) | 1 | 2 | (18) | (18) | (18) | (11) | ||
| Retained earnings | 1,026 | 782 | 528 | 320 | 229 | 176 | 115 | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | 0 | ||||
| Stockholders' equity attributable to noncontrolling interest | 89 | 8 | 4 | 750 | 1,608 | 6 | 7 | ||
| Other undisclosed stockholders' equity | 1,446 | 1,292 | |||||||
| Total stockholders' equity: | 3,594 | 2,546 | 2,419 | 2,347 | 2,160 | 1,973 | 1,777 | ||
| TOTAL LIABILITIES AND EQUITY: | 7,738 | 5,246 | 5,264 | 4,326 | 4,221 | 4,137 | 4,133 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,129 | 4,762 | 4,227 | 3,885 | 3,550 | 2,977 | 2,593 | |
| Revenue, net | ✕ | ✕ | ✕ | 3,885 | 3,550 | 2,977 | 2,558 | |
| Cost of revenue | (5,085) | (3,938) | (3,489) | (3,146) | (2,870) | (2,409) | (2,162) | |
| Cost of goods and services sold | (10) | (9) | (10) | (3,146) | (2,870) | (2,409) | (2,142) | |
| Other undisclosed gross profit | 135 | |||||||
| Gross profit: | 1,044 | 824 | 738 | 739 | 680 | 568 | 566 | |
| Operating expenses | (577) | (511) | (418) | (390) | (362) | (294) | (251) | |
| Operating income: | 467 | 313 | 320 | 348 | 319 | 274 | 315 | |
| Nonoperating income (expense) | (149) | (21) | (61) | (2) | (12) | 18 | (18) | |
| Investment income, nonoperating | 30 | |||||||
| Foreign currency transaction loss, before tax | (20) | |||||||
| Other nonoperating expense | (23) | (7) | (12) | (2) | (12) | (12) | (18) | |
| Interest and debt expense | (20) | (13) | (2) | (4) | (4) | (33) | ||
| Income from continuing operations before equity method investments, income taxes: | 298 | 279 | 257 | 343 | 303 | 259 | 297 | |
| Income from equity method investments | 11 | 10 | 13 | 27 | ||||
| Other undisclosed income (loss) from continuing operations before income taxes | 15 | 34 | 3 | 13 | 11 | 2 | (21) | |
| Income from continuing operations before income taxes: | 324 | 322 | 274 | 356 | 314 | 261 | 302 | |
| Income tax expense | (75) | (67) | (63) | (179) | (108) | (90) | (76) | |
| Income from continuing operations: | 250 | 255 | 210 | 177 | 207 | 171 | 226 | |
| Income from discontinued operations | 58 | 42 | ||||||
| Income before gain (loss) on sale of properties: | 250 | 255 | 210 | 177 | 207 | 229 | 268 | |
| Other undisclosed net loss | (2) | (2) | ||||||
| Net income: | 250 | 255 | 210 | 177 | 207 | 227 | 266 | |
| Net loss attributable to noncontrolling interest | (6) | (0) | (1) | (0) | (1) | (2) | ||
| Other undisclosed net loss attributable to parent | (4) | (85) | (153) | (166) | (193) | |||
| Net income attributable to parent: | 243 | 255 | 206 | 91 | 53 | 61 | 71 | |
| Other undisclosed net loss available to common stockholders, basic | (206) | (85) | (52) | (61) | (71) | |||
| Net income available to common stockholders, diluted: | 243 | 255 | 1 | 7 | 0 | 0 | 0 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 250 | 255 | 210 | 177 | 207 | 227 | 266 | |
| Other comprehensive income (loss) | (2) | (1) | 20 | 0 | (0) | (26) | (39) | |
| Other undisclosed comprehensive income (loss) | (20) | 2 | 2 | |||||
| Comprehensive income: | 247 | 254 | 210 | 177 | 206 | 203 | 229 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (6) | (0) | (4) | (85) | (154) | (149) | (168) | |
| Comprehensive income, net of tax, attributable to parent: | 241 | 254 | 206 | 91 | 53 | 54 | 61 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.