Supplementary Data
Q1 2021
HOMEBUILDING RETURN ON INVENTORY (ROI) | Q 1 2 0 2 1 |
Quarter Ended: | ||||||||||
12/31/18 | 03/31/19 | 06/30/19 | 09/30/19 | 12/31/19 | 03/31/20 | 06/30/20 | 09/30/20 | 12/31/20 | ||
Homebuilding Pre-Tax Income | $ 354.3 | $ 400.4 | $ 561.8 | $ 594.2 | $ 461.6 | $ 565.5 | $ 709.8 | $ 928.0 | $ 935.2 | |
Ending Homebuilding Inventory | 10,898.2 | 11,076.8 | 10,678.4 | 10,285.6 | 10,885.6 | 11,088.4 | 10,916.8 | 11,015.0 | 12,138.5 | |
Homebuilding Pre-Tax Income (PTI) and Ending Homebuilding Inventory as reported in our quarterly and annual filings
Homebuilding ROI*
12/31/19 | 09/30/20 | 12/31/20 | ||
Homebuilding PTI - TTM | $ 2,018.0 | |||
$ 2,664.9 | $ 3,138.5 | |||
Average Homebuilding Inventory** | 10,764.9 | 10,838.3 | 11,208.9 | |
Homebuilding ROI | 18.7% | 24.6% | 28.0% |
- Homebuilding ROI is calculated as Homebuilding PTI for the trailing twelve months (TTM) divided by Average Homebuilding Inventory. **Average Homebuilding Inventory is calculated as the sum of the ending homebuilding inventory balances of the trailing 5 quarters divided by 5.
$ in millions
Homebuilding PTI amounts in the prior periods have been reclassified to conform to the current year presentation.
RETURN ON EQUITY (ROE) | Q 1 2 0 2 1 |
Quarter Ended: | ||||||||||
12/31/18 | 03/31/19 | 06/30/19 | 09/30/19 | 12/31/19 | 03/31/20 | 06/30/20 | 09/30/20 | 12/31/20 | ||
Net Income Attributable to D.R. Horton | $ 287.2 | $ 351.3 | $ 474.8 | $ 505.3 | $ 431.3 | $ 482.7 | $ 630.7 | $ 829.0 | $ 791.8 | |
Ending Stockholders' Equity | 9,124.7 | 9,360.3 | 9,642.4 | 10,020.9 | 10,227.4 | 10,458.0 | 11,048.0 | 11,840.0 | 12,485.2 | |
Net Income Attributable to D.R. Horton and Ending Stockholders' Equity as reported in our quarterly and annual filings
Return on Equity
12/31/19 | 09/30/20 | 12/31/20 | ||
Net Income Attributable to D.R. Horton - TTM | $ 1,762.7 | |||
$ 2,373.7 | $ 2,734.2 | |||
Average Stockholders' Equity* | 9,675.1 | 10,718.9 | 11,211.7 | |
ROE | 18.2% | 22.1% | 24.4% |
ROE is calculated as Net Income Attributable to D.R. Horton for the trailing twelve months (TTM) divided by Average Stockholders' Equity. *Average Stockholders' Equity is calculated as the sum of the ending stockholders' equity balances of the trailing 5 quarters divided by 5.
$ in millions
Net Income Attributable to D.R. Horton for the trailing twelve months (TTM) includes rounding adjustments.
HOME SALES GROSS MARGIN | Q 1 2 0 2 1 |
Quarter Ended: | Fiscal Year Ended: | ||||||||||||||||||||||||||||||||
12/31/18 | 03/31/19 | 06/30/19 | 09/30/19 | 12/31/19 | 03/31/20 | 06/30/20 | 09/30/20 | 12/31/20 | 09/30/19 | 09/30/20 | |||||||||||||||||||||||
Home Sales Revenues | $ | 3,410.6 | $ | 3,980.5 | $ | 4,734.6 | $ | 4,799.2 | $ | 3,863.3 | $ | 4,363.3 | $ | 5,207.6 | $ | 6,126.6 | $ | 5,698.7 | $ | 16,925.0 | $ | 19,560.8 | |||||||||||
Homes Sales Gross Profit | |||||||||||||||||||||||||||||||||
before interest and other costs | 735.5 | 826.8 | 1,029.3 | 1,067.8 | 869.2 | 984.4 | 1,190.5 | 1,480.7 | 1,441.9 | 3,659.4 | 4,524.9 | ||||||||||||||||||||||
Interest & Property Tax Costs | (34.8) | (40.7) | (47.0) | (46.6) | (36.0) | (39.5) | (45.3) | (52.4) | (45.6) | (169.1) | (173.2) | ||||||||||||||||||||||
Warranty & Litigation Costs | (9.6) | (13.3) | (12.9) | (5.9) | (18.6) | (15.1) | (18.7) | (38.2) | (21.5) | (41.8) | (90.5) | ||||||||||||||||||||||
Purchase Accounting Costs | (9.7) | (6.5) | (7.8) | (6.7) | (2.9) | (2.0) | (1.2) | (0.1) | (1.2) | (30.7) | (6.2) | ||||||||||||||||||||||
Gross Profit - Home Sales | $ | 681.4 | $ | 766.3 | $ | 961.6 | $ | 1,008.6 | $ | 811.7 | $ | 927.8 | $ | 1,125.3 | $ | 1,390.0 | $ | 1,373.6 | $ | 3,417.9 | $ | 4,255.0 |
% of Homes Sales Revenue (HSR) | % of HSR | |||||||||||||||||||||
Quarter Ended: | Fiscal Year Ended: | |||||||||||||||||||||
12/31/18 | 03/31/19 | 06/30/19 | 09/30/19 | 12/31/19 | 03/31/20 | 06/30/20 | 09/30/20 | 12/31/20 | 09/30/19 | 09/30/20 | ||||||||||||
Homes Sales Gross Margin | ||||||||||||||||||||||
before interest and other costs | 21.6% | 20.8% | 21.7% | 22.2% | 22.5% | 22.6% | 22.9% | 24.2% | 25.3% | 21.6% | 23.1% | |||||||||||
Interest & Property Tax Costs | -1.0% | -1.0% | -1.0% | -1.0% | -0.9% | -0.9% | -0.9% | -0.9% | -0.8% | -1.0% | -0.9% | |||||||||||
Warranty & Litigation Costs | -0.3% | -0.3% | -0.3% | -0.1% | -0.5% | -0.3% | -0.4% | -0.6% | -0.4% | -0.2% | -0.4% | |||||||||||
Purchase Accounting Costs | -0.3% | -0.2% | -0.1% | -0.1% | -0.1% | -0.1% | 0.0% | 0.0% | 0.0% | -0.2% | 0.0% | |||||||||||
Home Sales Gross Margin | 20.0% | 19.3% | 20.3% | 21.0% | 21.0% | 21.3% | 21.6% | 22.7% | 24.1% | 20.2% | 21.8% |
$ in millions
Home sales gross margin presented is for the Company's homebuilding segment.
The percentages and prior period balances in the above tables may include rounding adjustments.
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D.R. Horton Inc. published this content on 26 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2021 14:47:07 UTC