Taylor Morrison Home Corporation (TMHC) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments833533326330574300126
Cash and cash equivalents833533326330574300126
Inventory, net of allowances, customer advances and progress billings48      
Inventory48      
Prepaid expense40504970535981
Assets held-for-sale, not part of disposal group468201191    
Other current assets119693328191414
Total current assets:1,507853599428646374221
Noncurrent Assets
Operating lease, right-of-use asset  37
Inventory, real estate5,5005,3323,9873,9812,9593,0173,127
Property, plant and equipment155988687777
Long-term investments and receivables171128129141192158128
Long-term investments171128129141192158128
Intangible assets, net (including goodwill)663663150153686962
Goodwill663663149152666658
Intangible assets, net (excluding goodwill)  11234
Deferred income tax assets151238140
Total noncurrent assets:6,6416,4604,5284,3613,2273,2513,325
Other undisclosed assets580426119476453596591
TOTAL ASSETS:8,7287,7385,2465,2644,3264,2214,137
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt414127123130119199183
Total current liabilities:414127123130119199183
Noncurrent Liabilities
Other undisclosed liabilities4,3434,0172,5772,7151,8611,8621,981
Total liabilities:4,7574,1442,7002,8461,9792,0612,165
Stockholders' equity
Stockholders' equity attributable to parent, including:3,9263,5052,5382,4151,596552520
Common stock000    
Treasury stock, value(761)(447)(344)(186)(48)(44)(15)
Additional paid in capital2,9972,9272,0982,0721,342385377
Accumulated other comprehensive income (loss)1(1)12(18)(18)(18)
Retained earnings1,6891,026782528320229176
Other undisclosed stockholders' equity attributable to parent   0000
Stockholders' equity attributable to noncontrolling interest4589847501,6086
Other undisclosed stockholders' equity      1,446
Total stockholders' equity:3,9713,5942,5462,4192,3472,1601,973
TOTAL LIABILITIES AND EQUITY:8,7287,7385,2465,2644,3264,2214,137

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues7,5016,1294,7624,2273,8853,5502,977
Revenue, net3,8853,5502,977
Cost of revenue(5,953)(5,085)(3,938)(3,489)(3,146)(2,870)(2,409)
Cost of goods and services sold (10)(9)(10)(3,146)(2,870)(2,409)
Gross profit:1,5481,044824738739680568
Operating expenses(693)(577)(511)(418)(390)(362)(294)
Operating income:854467313320348319274
Nonoperating income (expense)(28)(149)(21)(61)(2)(12)18
Investment income, nonoperating      30
Foreign currency transaction loss, before tax   (20)   
Other nonoperating expense(24)(23)(7)(12)(2)(12)(12)
Interest and debt expense (20)(13)(2)(4)(4)(33)
Income from continuing operations before equity method investments, income taxes:827298279257343303259
Income from equity method investments11111013   
Other undisclosed income from continuing operations before income taxes 1534313112
Income from continuing operations before income taxes:838324322274356314261
Income tax expense(181)(75)(67)(63)(179)(108)(90)
Income from continuing operations:657250255210177207171
Income from discontinued operations      58
Income before gain (loss) on sale of properties:657250255210177207229
Other undisclosed net income (loss)25     (2)
Net income:682250255210177207227
Net loss attributable to noncontrolling interest(19)(6)(0)(1)(0)(1) 
Other undisclosed net loss attributable to parent   (4)(85)(153)(166)
Net income attributable to parent:663243255206915361
Other undisclosed net loss available to common stockholders, basic   (206)(85)(52)(61)
Net income available to common stockholders, diluted:6632432551700

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:682250255210177207227
Other comprehensive income (loss)2(2)(1)200(0)(26)
Other undisclosed comprehensive income (loss)   (20)  2
Comprehensive income:684247254210177206203
Comprehensive loss, net of tax, attributable to noncontrolling interest(19)      
Other undisclosed comprehensive loss, net of tax, attributable to parent (6)(0)(4)(85)(154)(149)
Comprehensive income, net of tax, attributable to parent:665241254206915354

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.

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