Taylor Morrison Home Corp
NYSE:TMHC
Income Statement
Earnings Waterfall
Taylor Morrison Home Corp
Income Statement
Taylor Morrison Home Corp
| Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue |
879
N/A
|
1 436
+63%
|
1 578
+10%
|
1 769
+12%
|
1 834
+4%
|
1 916
+4%
|
2 005
+5%
|
2 093
+4%
|
2 336
+12%
|
2 708
+16%
|
2 747
+1%
|
2 851
+4%
|
3 019
+6%
|
2 977
-1%
|
3 113
+5%
|
3 266
+5%
|
3 323
+2%
|
3 550
+7%
|
3 674
+3%
|
3 728
+1%
|
3 783
+1%
|
3 885
+3%
|
3 869
0%
|
3 941
+2%
|
4 069
+3%
|
4 227
+4%
|
4 400
+4%
|
4 685
+6%
|
4 754
+1%
|
4 762
+0%
|
5 183
+9%
|
5 444
+5%
|
6 038
+11%
|
6 129
+2%
|
6 201
+1%
|
6 394
+3%
|
6 553
+2%
|
7 501
+14%
|
7 787
+4%
|
8 062
+4%
|
8 238
+2%
|
8 225
0%
|
8 184
-1%
|
8 249
+1%
|
7 890
-4%
|
7 418
-6%
|
7 456
+1%
|
7 386
-1%
|
7 832
+6%
|
8 168
+4%
|
8 364
+2%
|
8 403
+0%
|
8 378
0%
|
8 121
-3%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(699)
|
(1 125)
|
(1 229)
|
(1 377)
|
(1 439)
|
(1 500)
|
(1 567)
|
(1 633)
|
(1 821)
|
(2 142)
|
(2 190)
|
(2 285)
|
(2 434)
|
(2 409)
|
(2 521)
|
(2 651)
|
(2 679)
|
(2 870)
|
(2 971)
|
(3 013)
|
(3 075)
|
(3 146)
|
(3 128)
|
(3 193)
|
(3 294)
|
(3 489)
|
(3 633)
|
(3 863)
|
(3 919)
|
(3 929)
|
(4 324)
|
(4 574)
|
(5 070)
|
(5 085)
|
(5 081)
|
(5 189)
|
(5 265)
|
(5 953)
|
(6 120)
|
(6 183)
|
(6 193)
|
(6 133)
|
(6 085)
|
(6 192)
|
(5 999)
|
(5 623)
|
(5 644)
|
(5 599)
|
(5 905)
|
(6 179)
|
(6 314)
|
(6 353)
|
(6 375)
|
(6 222)
|
|
| Gross Profit |
180
N/A
|
311
+73%
|
349
+12%
|
392
+12%
|
395
+1%
|
416
+5%
|
438
+5%
|
460
+5%
|
515
+12%
|
566
+10%
|
558
-2%
|
567
+2%
|
584
+3%
|
568
-3%
|
592
+4%
|
615
+4%
|
645
+5%
|
680
+6%
|
703
+3%
|
715
+2%
|
707
-1%
|
739
+4%
|
740
+0%
|
748
+1%
|
775
+4%
|
738
-5%
|
767
+4%
|
822
+7%
|
834
+1%
|
834
0%
|
859
+3%
|
870
+1%
|
968
+11%
|
1 044
+8%
|
1 121
+7%
|
1 205
+8%
|
1 288
+7%
|
1 548
+20%
|
1 667
+8%
|
1 879
+13%
|
2 045
+9%
|
2 092
+2%
|
2 099
+0%
|
2 057
-2%
|
1 891
-8%
|
1 795
-5%
|
1 812
+1%
|
1 787
-1%
|
1 926
+8%
|
1 989
+3%
|
2 051
+3%
|
2 050
0%
|
2 003
-2%
|
1 899
-5%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(106)
|
(166)
|
(182)
|
(391)
|
(396)
|
(403)
|
(424)
|
(226)
|
(251)
|
(268)
|
(276)
|
(287)
|
(305)
|
(306)
|
(357)
|
(343)
|
(352)
|
(374)
|
(382)
|
(384)
|
(389)
|
(393)
|
(392)
|
(399)
|
(405)
|
(429)
|
(444)
|
(464)
|
(483)
|
(498)
|
(538)
|
(558)
|
(588)
|
(596)
|
(601)
|
(624)
|
(643)
|
(692)
|
(702)
|
(702)
|
(688)
|
(682)
|
(664)
|
(717)
|
(734)
|
(717)
|
(815)
|
(739)
|
(764)
|
(788)
|
(795)
|
(789)
|
(786)
|
(758)
|
|
| Selling, General & Administrative |
(106)
|
(159)
|
(174)
|
(381)
|
(385)
|
(398)
|
(408)
|
(217)
|
(241)
|
(247)
|
(254)
|
(267)
|
(285)
|
(291)
|
(314)
|
(334)
|
(343)
|
(359)
|
(373)
|
(378)
|
(384)
|
(388)
|
(389)
|
(393)
|
(399)
|
(412)
|
(434)
|
(459)
|
(477)
|
(485)
|
(523)
|
(544)
|
(572)
|
(566)
|
(583)
|
(606)
|
(626)
|
(661)
|
(678)
|
(676)
|
(656)
|
(636)
|
(645)
|
(663)
|
(684)
|
(690)
|
(710)
|
(723)
|
(754)
|
(759)
|
(777)
|
(763)
|
(745)
|
(727)
|
|
| Depreciation & Amortization |
(0)
|
(3)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(8)
|
|
| Other Operating Expenses |
0
|
(4)
|
(8)
|
(10)
|
(11)
|
(3)
|
(15)
|
(9)
|
(10)
|
(18)
|
(21)
|
(20)
|
(20)
|
(12)
|
(43)
|
(9)
|
(9)
|
(12)
|
(8)
|
(6)
|
(4)
|
(2)
|
(3)
|
(6)
|
(6)
|
(12)
|
(10)
|
(6)
|
(5)
|
(7)
|
(15)
|
(15)
|
(16)
|
(23)
|
(18)
|
(19)
|
(17)
|
(24)
|
(23)
|
(26)
|
(33)
|
(39)
|
(19)
|
(54)
|
(50)
|
(19)
|
(105)
|
(16)
|
(10)
|
(17)
|
(18)
|
(26)
|
(41)
|
(23)
|
|
| Operating Income |
74
N/A
|
145
+97%
|
167
+15%
|
1
-99%
|
(1)
N/A
|
13
N/A
|
14
+12%
|
234
+1 571%
|
264
+13%
|
298
+13%
|
282
-5%
|
280
-1%
|
280
+0%
|
262
-6%
|
235
-10%
|
272
+16%
|
293
+7%
|
307
+5%
|
322
+5%
|
332
+3%
|
319
-4%
|
346
+9%
|
349
+1%
|
348
0%
|
370
+6%
|
309
-16%
|
323
+4%
|
358
+11%
|
352
-2%
|
336
-4%
|
321
-4%
|
311
-3%
|
381
+22%
|
449
+18%
|
520
+16%
|
581
+12%
|
646
+11%
|
856
+33%
|
965
+13%
|
1 177
+22%
|
1 357
+15%
|
1 411
+4%
|
1 435
+2%
|
1 340
-7%
|
1 157
-14%
|
1 077
-7%
|
997
-7%
|
1 048
+5%
|
1 162
+11%
|
1 201
+3%
|
1 255
+4%
|
1 261
+0%
|
1 217
-4%
|
1 141
-6%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
13
|
25
|
27
|
29
|
15
|
2
|
(1)
|
(8)
|
3
|
4
|
34
|
34
|
33
|
32
|
3
|
4
|
5
|
8
|
8
|
9
|
10
|
9
|
12
|
13
|
13
|
15
|
14
|
14
|
14
|
12
|
13
|
12
|
12
|
13
|
16
|
14
|
11
|
7
|
(1)
|
(12)
|
(18)
|
(32)
|
(26)
|
(9)
|
4
|
21
|
21
|
11
|
1
|
(7)
|
(16)
|
(28)
|
(37)
|
(42)
|
|
| Non-Reccuring Items |
(8)
|
0
|
0
|
(2)
|
(2)
|
(10)
|
0
|
0
|
0
|
0
|
0
|
(33)
|
(33)
|
(33)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(51)
|
(55)
|
(59)
|
(63)
|
(26)
|
(108)
|
(123)
|
(134)
|
(137)
|
(51)
|
(32)
|
(17)
|
0
|
0
|
27
|
28
|
14
|
0
|
1
|
0
|
(81)
|
0
|
(90)
|
(89)
|
(38)
|
(53)
|
(51)
|
(58)
|
(57)
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
79
N/A
|
171
+116%
|
194
+14%
|
28
-86%
|
12
-56%
|
5
-63%
|
13
+182%
|
226
+1 680%
|
267
+18%
|
302
+13%
|
316
+5%
|
281
-11%
|
280
0%
|
261
-7%
|
238
-9%
|
276
+16%
|
298
+8%
|
314
+6%
|
330
+5%
|
340
+3%
|
329
-3%
|
356
+8%
|
360
+1%
|
361
+0%
|
383
+6%
|
274
-29%
|
282
+3%
|
313
+11%
|
303
-3%
|
322
+7%
|
225
-30%
|
200
-11%
|
259
+29%
|
324
+25%
|
485
+50%
|
563
+16%
|
640
+14%
|
863
+35%
|
964
+12%
|
1 193
+24%
|
1 367
+15%
|
1 393
+2%
|
1 408
+1%
|
1 332
-5%
|
1 161
-13%
|
1 018
-12%
|
1 018
+0%
|
970
-5%
|
1 074
+11%
|
1 156
+8%
|
1 186
+3%
|
1 182
0%
|
1 122
-5%
|
1 042
-7%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
3
|
260
|
250
|
310
|
297
|
24
|
28
|
(61)
|
(66)
|
(76)
|
(87)
|
(77)
|
(80)
|
(90)
|
(81)
|
(93)
|
(102)
|
(108)
|
(114)
|
(114)
|
(107)
|
(240)
|
(233)
|
(230)
|
(213)
|
(63)
|
(68)
|
(76)
|
(93)
|
(67)
|
(51)
|
(41)
|
(51)
|
(75)
|
(103)
|
(124)
|
(143)
|
(181)
|
(206)
|
(266)
|
(303)
|
(336)
|
(339)
|
(322)
|
(289)
|
(248)
|
(249)
|
(235)
|
(258)
|
(270)
|
(277)
|
(277)
|
(263)
|
(251)
|
|
| Income from Continuing Operations |
82
|
431
|
445
|
337
|
309
|
28
|
41
|
165
|
201
|
226
|
229
|
203
|
200
|
171
|
157
|
183
|
196
|
207
|
216
|
226
|
222
|
116
|
128
|
131
|
171
|
211
|
214
|
237
|
209
|
255
|
174
|
159
|
208
|
250
|
382
|
439
|
496
|
682
|
759
|
927
|
1 064
|
1 056
|
1 069
|
1 011
|
872
|
770
|
770
|
735
|
816
|
887
|
909
|
905
|
858
|
791
|
|
| Income to Minority Interest |
(0)
|
0
|
(24)
|
60
|
52
|
2
|
(1)
|
(118)
|
(147)
|
(165)
|
(168)
|
(149)
|
(147)
|
(126)
|
(115)
|
(135)
|
(145)
|
(154)
|
(160)
|
(156)
|
(134)
|
(85)
|
(62)
|
(34)
|
(13)
|
(4)
|
(2)
|
(0)
|
1
|
(0)
|
(2)
|
(4)
|
(4)
|
(6)
|
(9)
|
(8)
|
(12)
|
(19)
|
(17)
|
(18)
|
(14)
|
(3)
|
(2)
|
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(5)
|
(7)
|
(9)
|
|
| Net Income (Common) |
82
N/A
|
431
+427%
|
421
-2%
|
397
-6%
|
369
-7%
|
45
-88%
|
56
+24%
|
66
+17%
|
69
+5%
|
72
+3%
|
87
+21%
|
77
-11%
|
71
-7%
|
61
-14%
|
42
-31%
|
49
+16%
|
51
+5%
|
53
+3%
|
56
+6%
|
70
+26%
|
88
+26%
|
91
+4%
|
126
+38%
|
158
+25%
|
219
+38%
|
206
-6%
|
213
+3%
|
237
+11%
|
210
-11%
|
255
+21%
|
172
-32%
|
156
-9%
|
204
+31%
|
243
+19%
|
373
+53%
|
431
+16%
|
485
+12%
|
663
+37%
|
742
+12%
|
909
+23%
|
1 050
+16%
|
1 053
+0%
|
1 067
+1%
|
1 011
-5%
|
872
-14%
|
769
-12%
|
768
0%
|
733
-5%
|
813
+11%
|
883
+9%
|
907
+3%
|
901
-1%
|
851
-6%
|
783
-8%
|
|
| EPS (Diluted) |
0.1
N/A
|
0.6
+500%
|
3.43
+472%
|
3.24
-6%
|
0.81
-75%
|
1.38
+70%
|
0.46
-67%
|
0.53
+15%
|
0.56
+6%
|
0.58
+4%
|
0.7
+21%
|
0.62
-11%
|
0.58
-6%
|
0.49
-16%
|
0.34
-31%
|
0.4
+18%
|
0.42
+5%
|
0.43
+2%
|
0.45
+5%
|
0.57
+27%
|
0.72
+26%
|
0.75
+4%
|
1.1
+47%
|
1.35
+23%
|
1.92
+42%
|
1.79
-7%
|
1.9
+6%
|
2.2
+16%
|
1.96
-11%
|
2.35
+20%
|
1.41
-40%
|
1.19
-16%
|
1.55
+30%
|
1.88
+21%
|
2.83
+51%
|
3.31
+17%
|
3.85
+16%
|
5.18
+35%
|
6.04
+17%
|
7.64
+26%
|
9.22
+21%
|
9.06
-2%
|
9.69
+7%
|
9.11
-6%
|
7.88
-14%
|
6.98
-11%
|
7.07
+1%
|
6.83
-3%
|
7.66
+12%
|
8.27
+8%
|
8.79
+6%
|
8.92
+1%
|
8.5
-5%
|
7.77
-9%
|
|