The Motley Fool

MAY 16, 2024

adjusted EBIT impact, higher taxes of $0.08, and a noncontrolling interest impact of $0.03. The shortfall was due to a combination of a smaller benefit from working capital and higher-than-anticipated cash tax levels. Modern Workplace organic revenue declined year to year in the mid-teens impacted by resale revenue, which was down 30%.

Resale 130

Resale Consultants Consulting Debt 130

The Motley Fool

NOVEMBER 16, 2023

Our performance has kept the Children's Place brands in the leadership position on social media, representing close to 50% of total social impressions among our children apparel resale competitive set. The company's provision for taxes reflects a benefit of $1.5 million on a GAAP basis and $0.7 in the prior year. million or $3.05

Securities and Exchange Commission (SEC) 188

Securities and Exchange Commission (SEC) Taxes Debt Resale 188

The Motley Fool

OCTOBER 29, 2024

Horton team produced solid results to finish the year, highlighted by consolidated pre-tax income of $1.7 billion on revenues of $10 billion, with a pre-tax profit margin of 17.1%. For the year, earnings per diluted share increased 4% to $14.34, and our consolidated pre-tax income was $6.3 billion on revenues of $36.8

Resale 130

Resale Securities and Exchange Commission (SEC) Taxes Leveraging 130

The Motley Fool

NOVEMBER 7, 2024

year to year organically as services revenue was down 8% in line with prior quarter, and resale declined 19%. largely due to disciplined resource management, ongoing actions to optimize our data centers and networks, and the lower mix of resale revenue. We continue to expect a full-year non-GAAP effective tax rate of approximately 32%.

Resale 130

Resale Consultants Consulting Accounting 130

The Motley Fool

APRIL 18, 2024

Our consolidated pre-tax income increased 23% to $1.5 billion with a pre-tax profit margin of 16.8%. Jessica Hansen -- Senior Vice President, Communications Forestar, our majority-owned residential lot development company reported revenues of $334 million for the second quarter on 3,289 lots sold with pre-tax income of $59 million.

Resale 130

Resale Securities and Exchange Commission (SEC) Taxes Capital 130

The Motley Fool

NOVEMBER 1, 2023

year-to-year decline, 160 basis points came from a reduced level of low-margin resale revenues, which was in line with our expectations. Net interest expense increased $9 million year over year to $25 million, primarily due to a higher level of variable interest expense on short-term debt. reduction from a higher tax rate and a $0.06

Resale 187

Resale Taxes Capital Assets 187

The Motley Fool

DECEMBER 15, 2023

homebuilding debt-to-total cap ratio with $6.3 billion plus or minus of net cash flow over the next year, we have the flexibility to invest capital strategically and growth while retiring debt as it matures and repurchasing shares of Lennar stock, which we expect to repurchase at least $2 billion of stock over the next year.

Resale 130

Resale Debt Assets Financial Services 130

The Motley Fool

JULY 25, 2024

These tenants allow us to target the biggest piece of the potential homebuyer pool by effectively competing its resale inventory, not just in today's environment that favors builders but also when the resale market returns to historical averages. The second quarter's effective income tax rate was 22.1% from $5.02

Resale 130

Resale Securities and Exchange Commission (SEC) Leveraging Banks 130

The Motley Fool

FEBRUARY 1, 2024

By this, I mean further reducing low-margin resale revenue and driving a higher level of services, including those directly associated with AI and automation. Our results continue to be impacted by the year-to-year decline of resale revenues, which was 90 basis points of the 4.5% Our financial focus is on improving the business mix.

Resale 130

Resale Banks Capital Assets 130

The Motley Fool

AUGUST 31, 2023

Finally, Q3 industrial resales of $236 million declined 3% year on year, reflecting weak demand in China. And in Q4, though, we expect an improvement with industrial resales up low single-digit percentage year on year, reflecting largely seasonality. billion of gross debt, of which 1.1 We ended the third quarter with 12.1

Mergers and Acquisitions 246

Mergers and Acquisitions Resale Banks Legal 246

The Motley Fool

MARCH 7, 2024

And finally, Q1 industrial resales of $215 million declined 6% year on year. In fiscal '24, we continue to expand industrial resales to be down high single digits year upon year. billion of gross debt. The weighted average coupon rate and years to maturity of our $48 billion in fixed-rate debt is 3.5% years, respectively.

Resale 188

Resale Debt Banks Shareholders 188

The Motley Fool

FEBRUARY 4, 2025

increase was primarily driven by higher adjusted EBIT of $0.10, lower net interest expense and taxes of $0.02 year to year organically and services revenue was down approximately 7% and resale fell approximately 16%. year to year organically, with services revenue down approximately 5% and resale revenue down about 30%.

Resale 130

Resale Consultants Consulting Capital 130

The Motley Fool

JANUARY 23, 2024

Our consolidated pre-tax income was $1.2 billion, with a pre-tax profit margin of 16.1%. Jessica Hansen -- Vice President, Investor Relations Forestar, our majority-owned residential lot development company, reported revenues of $306 million for the first quarter on 3,150 lots sold, with pre-tax income of $51 million.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Leveraging Taxes 130

The Motley Fool

AUGUST 8, 2024

While resale revenues performed as expected, down 28% year over year, services revenue declined 8% helped by higher-than-anticipated in-quarter volumes. The lower mix of resale revenue also contributed to the year-to-year margin improvement. As planned, we incurred a modest increase to our debt levels to $4.1 Moving to GIS.

Resale 130

Resale Consultants Consulting Accounting 130

The Motley Fool

SEPTEMBER 15, 2023

debt to total capitalization, down from 13.3% billion cash position, our net debt to total capital is actually negative, and our balance sheet is being carefully managed to provide extraordinary liquidity and flexibility. And accordingly, we'll continue to retire debt and purchase stock opportunistically. billion, or $3.87

Resale 130

Resale Assets Debt Capital 130

The Motley Fool

JULY 30, 2024

Pretax net income for the quarter was approximately $77 million, representing a pre-tax profit margin of 12.8%. With rising land and input costs, compounded by higher interest rates and increased cost of insurance and property taxes, today's entry-level customer faces hard choices and has fewer options. Our effective tax rate was 23.8%

Leveraging 130

Leveraging Taxes Debt Resale 130

The Motley Fool

FEBRUARY 2, 2024

Orange County, and Atlanta, both underperformed mainly for reasons related to bad debt, skips and evictions, and fraud. Orange County will come primarily from a reduction in bad debt as we repopulate many of our vacant units with residents who actually pay their rent. Of the remaining three, L.A. We anticipate the improvement in L.A.

Debt 130

Debt Taxes Capital Assets 130

The Motley Fool

JUNE 15, 2023

debt to total capital capitalization ratio, down from 14.2 If we reflect on our second-quarter results, we not only accomplished excellent cash flow and bottom-line results, but we repurchased $208 million of stock and we also repurchased approximately $158 million of senior debt due in fiscal 2024. We've repaid about 5.6

Resale 130

Resale Assets Debt Capital 130

The Motley Fool

NOVEMBER 5, 2024

Additionally, we delivered a pre-tax net income margin of 14.1%, up 130 basis points sequentially and significantly higher than our pre-pandemic average of 12.8%. Our effective tax rate was 24.3%, compared to 25.1% Given our performance to date, we expect our full-year tax rate will be approximately 24.5%. last year and 12.8%

Debt 130

Debt Capital Banks Resale 130

The Motley Fool

AUGUST 1, 2023

And lastly, the resale home market remains tight as existing buyers are hesitant to leave their low rate mortgages, which limits available inventory and helps to increase new home demand. The second quarter's effective income tax rate was 22% in 2023 compared to 24.6% billion and net debt to cap of negative 0.2%

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Taxes Banks 130

The Motley Fool

AUGUST 1, 2024

Consistent with previous reporting practices, adjusted production numbers cited in today's call are adjusted to exclude noncontrolling interest in Egypt and Egypt tax barrels. That said, the balance sheet remains an important priority, and I will talk about plans for further debt reduction in a few minutes. alternative minimum tax.

Capital 130

Capital Taxes Debt Assets 130

The Motley Fool

JANUARY 19, 2024

The strong cash generated drove a reduction in net interest expense by about $20 million compared to the fourth quarter of 2022 as we repaid some high variable cost debt during the quarter. And so, we'll be a little cautious here in Q1 so that we don't get back into paying high interest cost debt, which we just got out of.

Leveraging 130

Leveraging Resale Taxes Capital 130

The Motley Fool

APRIL 26, 2024

During the spring selling season with a healthy supply of move-in ready inventory, we were able to capitalize on strong market conditions generated by the increasing need for housing for millennials and Gen Zs as well as the move-down Baby Boomers who continue to find our limited inventory, limited availability of resale housing supply.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Financing Finance 130

The Motley Fool

SEPTEMBER 11, 2024

Let's first talk about our resale business. Our effective tax rate in the second quarter on our adjusted results was 20.6% For the second quarter, we generated $28 million of free cash flow, defined as cash provided by operating activities less cash paid for property and equipment, reflecting the receipt of our IRS tax refund.

Taxes 130

Taxes Leveraging Consultants Consulting 130

The Motley Fool

FEBRUARY 1, 2024

As we previously discussed, two of the largest population cohorts, the millennials and recently Gen Zs are having life events lean to increased levels of need-based housing that currently cannot be met by the constrained resale of home supply in the market. The fourth quarter's effective income tax rate was 23.2% billion to $6.2

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Financing Finance 130

The Motley Fool

JULY 20, 2023

Our consolidated pre-tax income was $1.8 billion, with a pre-tax profit margin of 18.3%. Horton and had more than $780 million of liquidity at quarter end, with a net debt to capital ratio of 19.1%. Homebuilding debt at June 30th totaled $2.7 For the third quarter, the D.R. per diluted share. At June 30th, we had $4.6

Banks 130

Banks Securities and Exchange Commission (SEC) Leveraging Taxes 130

The Motley Fool

AUGUST 3, 2023

Consistent with previous reporting practices, adjusted production numbers cited in today's call are adjusted to exclude noncontrolling interest in Egypt and Egypt tax barrels. We sell our produce gas and basin, and we manage the transport obligation by purchasing third-party gas in basin for resale on the Gulf Coast.

Capital 100

Capital Shareholders Banks Resale 100

The Motley Fool

AUGUST 10, 2023

Total debt, excluding unamortized deferred financing fees and finance leases was $84 million, compared to $101 million at the end of last year's second quarter. Obviously, some of the product resale affected mix this year. We did not have a principal payment due in Q2, given we amended our credit facility during the quarter.

Leveraging 130

Leveraging Banks Portfolios Resale 130

The Motley Fool

SEPTEMBER 12, 2024

Our strengthening market position, profitable and growing business, and debt free balance sheet, all enabled our recently announced first-ever share buyback authorization. Last week, we launched our resale platform piloting with our own associates before launching a customer facing experience in the near future.

Leveraging 130

Leveraging Financing Finance Capital 130

The Big Picture

MAY 7, 2024

You know, student loan debt is one of the biggest problems in America. So we would, you know, and, and the premise of SoFi was that students that went to good schools and were getting law degrees and MBAs and had high student loan debt and engineering schools were not going to default on their loans. Which I thought was interesting.

Startups 59

Startups Financing Finance Debt 59

The Big Picture

SEPTEMBER 5, 2023

In the office environment, landlords, many landlords can’t capitulate because the debt service, they can’t cover the debt service. MILLER: And that’s where you could see more creative, adaptive reuse where the new owner is able because they don’t have the same level of debt service.

Taxes 52

Taxes Banks Resale Accounting 52

The Motley Fool

JULY 6, 2023

They're going to start generating some of their EBITDA, or earnings before interest, taxes, and depreciation, and amortization of more than 600 million this quarter versus a loss of 928 million in Q2 22. You saw revenues more than double this quarter, ticket revenues up 144%, onboard revenues of 59%. Andy Cross: Let's go from a 1.3.

Resale 130

Resale Companies Bidding Amortization 130

The Motley Fool

MARCH 6, 2025

Resales in industrial were down double-digits in Q1 and are expected to be down in Q2. Free cash flow as a percentage of revenue continues to be impacted by cash interest expense from debt related to the VMware acquisition and cash taxes due to the mix of U.S. billion of gross principal debt. billion of cash and $68.8

Debt 271

Debt Resale Taxes Accounting 271

The Motley Fool

JANUARY 30, 2025

As we move forward to 2025, we are excited about our opportunity to increase our market share as we compete against new build and resale homes alike. The fourth quarter's effective income tax rate was 22.1% For 2025, the IRS implemented higher threshold to achieve these tax credits and we anticipate fewer of our homes will qualify.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Financing Finance 130

The Motley Fool

JANUARY 21, 2025

Our consolidated pre-tax income was $1.1 billion of revenues with a pre-tax profit margin of 14.6%. Our homebuilding pre-tax return on inventory for the trailing 12 months ended December 31st was 26.7%. Four Star had approximately $640 million of liquidity at quarter end with a net debt-to-capital ratio of 29.5%.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Taxes Leveraging Capital 130

The Motley Fool

AUGUST 7, 2024

I would like to explain the factors behind the increase or decrease in profit before tax compared to the same period last year. Now, profit before income taxes. The bad debt, for instance, or the residual value losses or the procurement situation, they get confused, so on. Operating profit increased by 90.2 billion yen.

Depreciation 130

Depreciation Financing Finance Banks 130