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MDC HLDGS   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2018201720162015201420132012201120102009
Period End Date12/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/2009
Revenues - Homebuilding----------------921.02837.05
Revenues - Financial Services83.4174.3763.9948.8143.9551.2646.8826.0930.47--
Revenues - Corporate--------------------
Home sale revenues2,981.812,498.702,257.151,847.891,647.401,626.711,151.00805.16----
Land sale revenues--4.555.7012.343.232.475.1411.865.8830.73
Other revenue------------------30.52
Total Revenues3,065.222,577.612,326.841,909.041,694.581,680.431,203.02843.11957.38898.30
Financial Services38.2034.5330.9221.5722.3325.2721.6526.3123.35--
Homebuilding--------------------
Home cost of sales2,415.142,073.831,884.391,539.401,365.621,336.98973.12686.66745.09686.85
Land cost of sales--4.444.8712.612.561.964.8210.805.3725.04
Corporate--------------------
Cost of Goods Sold : Inventory impairments21.8510.0110.179.991.760.92--------
General and administrative expenses329.80287.49250.54226.32203.25213.28167.30179.11219.69162.49
Commission expense------------------31.00
Marketing expenses------------------36.37
Other operating expenses(5.25)(2.82)(3.45)------------(6.66)
Related party expenses--------------------
Asset impairments, net------------------(30.99)
Inventory impairments------------(1.11)(12.97)(21.20)--
Income / loss from operations------------------(81.09)
Interest expense--------0.691.730.8120.8438.1638.58
Homebuilding - Other-than-temporary impairment of marketable securities--0.051.073.974.29----------
Financial Services:Other-than-temporary impairment of marketable securities--0.240.37--------------
Gain (loss) on sale of other assets--------------------
Homebuilding:Net realized gains from the sales of marketable securities--17.780.98(1.28)------------
Homebuilding:Realized gain from the sale of metropolitan district bond securities (related party)--35.85----------------
Net loss on marketable equity securities(3.75)------------------
Interest income, net4.904.193.713.753.053.5125.0026.0723.9612.34
Interest and other income (expense)7.727.716.037.9926.3129.803.263.383.17--
Other income (loss)------(4.21)(4.81)(3.78)(1.37)(43.35)(2.27)--
Expenses related to debt redemption--------------------
Extinguishment of senior notes and other--------(18.15)--------0.00
Income (loss) before income taxes263.85229.73151.78101.42100.48129.8361.12(107.47)(70.60)(107.34)
Provisions for Income Taxes53.0787.9048.5735.6337.33(184.56)(1.58)(9.08)(5.83)(132.01)
Deferred tax expense (benefit) : Federal(2.76)37.4010.9630.2728.632.61--------
Deferred tax expense (benefit) : State6.487.395.193.075.60(16.13)--------
Current tax expense (benefit) : Federal47.5541.7432.102.551.63(171.04)(0.37)(3.65)--(132.01)
Current tax expense (benefit) : State1.801.370.32(0.25)1.48--(1.21)(5.43)----
Net Income (Loss) Attributable to Parent Company210.78141.84103.21--63.14314.3962.70(98.39)(64.77)24.68
Less: Distributed and undistributed earnings allocated to participating securities0.410.260.16--0.20--1.100.710.520.39
Less: Undistributed earnings allocated to participating securities0.850.440.18--0.064.92--------
Net Income (Loss) Available to Common Shareholders209.52141.14102.8765.7962.89309.4761.60(99.10)(65.29)24.29
Net Income (Loss) Available to Common Shareholders - Diluted209.53141.15102.87--62.89309.5161.60(99.10)----
Net Earnings Per Share (Basic)3.462.351.721.101.055.221.05(1.73)(1.14)0.42
Net Earnings Per Share (Diluted)3.392.301.711.091.055.181.05(1.73)(1.14)0.42
Weighted Average Shares Outstanding (Basic)60.5760.1259.8259.7259.5459.3458.3757.3157.1156.99
Weighted average shares outstanding (Diluted)61.8361.4560.0159.9759.7959.8158.5857.3157.1157.46