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 investments533326330574300126234
Cash and cash equivalents533326330574300126234
Prepaid expense50497053598176
Disposal group, including discontinued operation      269
Assets held-for-sale, not part of disposal group201191    
Other current assets69332819141414
Total current assets:853599428646374221592
Noncurrent Assets
Operating lease, right-of-use asset 37
Inventory, real estate5,3323,9873,9812,9593,0173,1272,518
Property, plant and equipment9886877775
Long-term investments and receivables128129141192158128110
Long-term investments128129141192158128110
Intangible assets, net (including goodwill)66315015368696229
Goodwill66314915266665823
Intangible assets, net (excluding goodwill) 112345
Deferred income tax assets238140
Total noncurrent assets:6,4604,5284,3613,2273,2513,3252,663
Other undisclosed assets426119476453596591878
TOTAL ASSETS:7,7385,2465,2644,3264,2214,1374,133
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt127123130119199183161
Total current liabilities:127123130119199183161
Noncurrent Liabilities
Other undisclosed liabilities4,0172,5772,7151,8611,8621,9812,195
Total liabilities:4,1442,7002,8461,9792,0612,1652,356
Stockholders' equity
Stockholders' equity attributable to parent, including:3,5052,5382,4151,596552520478
Common stock00     
Treasury stock, value(447)(344)(186)(48)(44)(15) 
Additional paid in capital2,9272,0982,0721,342385377374
Accumulated other comprehensive income (loss)(1)12(18)(18)(18)(11)
Retained earnings1,026782528320229176115
Other undisclosed stockholders' equity attributable to parent  00000
Stockholders' equity attributable to noncontrolling interest89847501,60867
Other undisclosed stockholders' equity     1,4461,292
Total stockholders' equity:3,5942,5462,4192,3472,1601,9731,777
TOTAL LIABILITIES AND EQUITY:7,7385,2465,2644,3264,2214,1374,133

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
Revenues6,1294,7624,2273,8853,5502,9772,593
Revenue, net3,8853,5502,9772,558
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:1,044824738739680568566
Operating expenses(577)(511)(418)(390)(362)(294)(251)
Operating income:467313320348319274315
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:298279257343303259297
Income from equity method investments111013   27
Other undisclosed income (loss) from continuing operations before income taxes1534313112(21)
Income from continuing operations before income taxes:324322274356314261302
Income tax expense(75)(67)(63)(179)(108)(90)(76)
Income from continuing operations:250255210177207171226
Income from discontinued operations     5842
Income before gain (loss) on sale of properties:250255210177207229268
Other undisclosed net loss     (2)(2)
Net income:250255210177207227266
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:24325520691536171
Other undisclosed net loss available to common stockholders, basic  (206)(85)(52)(61)(71)
Net income available to common stockholders, diluted:24325517000

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:250255210177207227266
Other comprehensive income (loss)(2)(1)200(0)(26)(39)
Other undisclosed comprehensive income (loss)  (20)  22
Comprehensive income:247254210177206203229
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:24125420691535461

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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