Schedule of Segment Reporting Information, by Segment |
Financial information relating to our reportable segments was as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | 2022 | | 2021 | | 2022 | | 2021 | Revenues: | | | | | | | | | Central | | $ | 228,448 | | | $ | 287,878 | | | $ | 807,400 | | | $ | 924,591 | | Southeast | | 138,478 | | | 146,166 | | | 328,510 | | | 442,431 | | Northwest | | 46,774 | | | 148,515 | | | 220,440 | | | 372,903 | | West | | 65,064 | | | 90,592 | | | 244,603 | | | 252,553 | | Florida | | 68,310 | | | 78,457 | | | 215,240 | | | 256,595 | | Total home sales revenues | | $ | 547,074 | | | $ | 751,608 | | | $ | 1,816,193 | | | $ | 2,249,073 | | | | | | | | | | | Net income (loss) before income taxes: | | | | | | | | | Central | | $ | 46,413 | | | $ | 55,793 | | | $ | 189,004 | | | $ | 180,467 | | Southeast | | 31,593 | | | 27,142 | | | 70,358 | | | 77,644 | | Northwest | | 6,379 | | | 34,124 | | | 49,693 | | | 83,773 | | West | | 8,342 | | | 13,279 | | | 27,282 | | | 38,598 | | Florida | | 9,770 | | | 11,937 | | | 30,914 | | | 37,518 | | Corporate (1) | | 6,204 | | | (15,281) | | | 4,012 | | | (18,609) | | Total net income before income taxes | | $ | 108,701 | | | $ | 126,994 | | | $ | 371,263 | | | $ | 399,391 | |
(1)The Corporate balance consists of general and administration unallocated costs for various shared service functions and non-strategic other income, as well as our warranty reserve. Actual warranty expenses are reflected within the reportable segments. Additionally, for the three and nine months ended September 30, 2022, the balance includes the $7.1 million gain on the sale of the three-year interest rate cap of LIBOR prior to its expiration. | | | | | | | | | | | | | | | | | September 30, 2022 | | December 31, 2021 | Assets: | | | | | Central | | $ | 1,032,017 | | | $ | 857,174 | | Southeast | | 632,586 | | | 438,423 | | Northwest | | 469,193 | | | 349,752 | | West | | 573,867 | | | 384,548 | | Florida | | 304,724 | | | 221,763 | | Corporate (1) | | 100,413 | | | 100,205 | | Total assets | | $ | 3,112,800 | | | $ | 2,351,865 | |
(1)The Corporate balance consists primarily of cash, investments in unconsolidated entities and tax receivables.
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