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TMHC Taylor Morrison Home

Taylor Morrison Home Corporation is the nation's fifth largest homebuilder and developer based in Scottsdale, Arizona, that has been recognized as America's Most Trusted® Home Builder for six years running (2016-2021). Operating under a family of brands including Taylor Morrison, Darling Homes, William Lyon Signature Home and Christopher Todd Communities built by Taylor Morrison, the Company serves consumer groups coast to coast, from first-time to move-up, luxury and 55-plus buyers. Its unwavering pledge to sustainability, its communities and its team—outlined in the 2019 Environmental, Social and Governance (ESG) Report—extends to designing thoughtful living experiences homeowners can be proud of for generations to come. CONTACT: Alice Giedraitis

Company profile

Ticker
TMHC
Exchange
CEO
Sheryl Palmer
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Avatar Homes of Arizona, Inc. • AVH Carolinas, LLC • AVH DFW, LLC • AVH EM, LLC • AV Homes of Arizona, LLC • AV Homes of Raleigh, LLC • ATPD, LLC • JCH Construction, LLC • Polygon Mortgage, LLC • Rio Rico Properties Inc. ...
IRS number
900907433

TMHC stock data

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Calendar

27 Oct 21
25 Jan 22
31 Dec 22
Quarter (USD)
Sep 21 Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 374.99M 374.99M 374.99M 374.99M 374.99M 374.99M
Cash burn (monthly) (positive/no burn) 14.51M (positive/no burn) (positive/no burn) 1.98M (positive/no burn)
Cash used (since last report) n/a 55.9M n/a n/a 7.64M n/a
Cash remaining n/a 319.09M n/a n/a 367.34M n/a
Runway (months of cash) n/a 22.0 n/a n/a 185.2 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Jan 22 Lyon William H Common Stock Sell Dispose S Yes Yes 35.02 800 28.02K 4,335,316
31 Dec 21 Anne L Mariucci Deferred Stock Units Common Stock Grant Acquire A No No 0 908 0 17,062
31 Dec 21 Lyon William H Common Stock Sell Dispose S Yes Yes 35.05 13,850 485.44K 4,336,116
30 Dec 21 Lyon William H Common Stock Sell Dispose S Yes Yes 35.04 11,900 416.98K 4,349,966
29 Dec 21 Lyon William H Common Stock Sell Dispose S Yes Yes 35.03 39,302 1.38M 4,361,866

Financial report summary

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Management Discussion
  • In addition to the results reported in accordance with accounting principles generally accepted in the United States (“GAAP”), we have provided information in this filing relating to: (i) adjusted income before income taxes and related margin, (ii) EBITDA and adjusted EBITDA, (iii) adjusted net income and adjusted earnings per share and (iv) net homebuilding debt to capitalization ratio.
  • Adjusted income before income taxes (and related margin) is a non-GAAP financial measure that reflects our income before income taxes excluding the impact of transaction expenses and loss on extinguishment of debt. EBITDA and Adjusted EBITDA are non-GAAP financial measures that measure performance by adjusting net income before allocation to non-controlling interests to exclude interest expense/(income), net, amortization of capitalized interest, income taxes, depreciation and amortization (EBITDA), non-cash compensation expense, if any, transaction expenses and loss on extinguishment of debt. Adjusted net income and adjusted earnings per share are non-GAAP financial measures that reflect the net income available to the Company excluding the impact of transaction expenses, loss on extinguishment of debt and the tax impact due to such items. Net homebuilding debt to capitalization ratio is a non-GAAP financial measure we calculate by dividing (i) total debt, less unamortized debt issuance premiums, net, and mortgage warehouse borrowings, net of unrestricted cash and cash equivalents, by (ii) total capitalization (the sum of net homebuilding debt and total stockholders’ equity). Beginning with the third quarter of fiscal 2021, we are no longer excluding purchase accounting adjustments from these non-GAAP financial measures, and prior period measures have been recast to exclude this adjustment.
  • Management uses these non-GAAP financial measures to evaluate our performance on a consolidated basis, as well as the performance of our regions, and to set targets for performance-based compensation. We also use the ratio of net homebuilding debt to total capitalization as an indicator of overall leverage and to evaluate our performance against other companies in the homebuilding industry. In the future, we may include additional adjustments in the above-described non-GAAP financial measures to the extent we deem them appropriate and useful to management and investors.
Content analysis
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Removed: accurately, ahead, ASU, borrowed, confidence, consistent, difficulty, inclusive, inherent, intended, remained, simplify, Simplifying