Century Communities, Inc (CCS) 2018年年度报告「NYSE」.pdf

1、A N N UA L R E PO RT 20 1 8STRATEGIC.DYNAMIC.VALUE.THIS PAGE INTENTIONALLY LEFT BLANKFINANCIAL HIGHLIGHTSYear End,December 31st$000(except EPS)20182017201620152014 Home Sales Revenue$2,110,058$1,405,443$978,733$725,437$351,823Land Sales Revenue5,631 8,503 15,707 9,05210,569Financial Services Revenue

2、31,724 9,853 Total Revenues$2,147,413$1,423,799$994,440$734,489$362,392 Cost of Home Sales Revenue(1,741,619)(1,153,359)(786,127)(579,203)(276,386)Cost of Land Sales and Other Revenue(3,832)(6,516)(14,217)(8,432)(8,109)Financial Services Costs(22,958)(8,664)Selling,general,and administrative(263,981

3、)(176,304)(122,224)(87,840)(46,795)Acquisition expense(437)(9,905)(490)(491)(1,414)Equity in income of unconsolidated subsidiaries14,849 12,176191 Other income(expense)(905)2,9371,576 1,782 1,271 Income before income tax expense128,530 84,16473,149 60,305 30,959 Income tax expense(32,075)(33,869)(23

4、,609)(20,415)(10,937)Net Income$96,455$50,295$49,540$39,890$20,022 Income before income tax expense$128,530$84,164$73,149$60,305$30,959 Purchase Price Allocation for acquire work in process inventory38,112 15,625 389 2,673 4,697 Gain on previously held interest in WJH(7,219)Acquisition expense437 9,

5、905 490 491 1,414 Adjusted income before income tax expense$159,860$109,694$74,028$63,469$37,070 Income tax expense,adjusted(39,965)(38,612)(23,893)(22,214)(13,095)Adjusted net income$119,895$71,082$50,135$41,255$23,975 EBITDA RECONCILIATIONNet Income$96,455$50,295$49,540$39,890$20,022 Income tax ex

6、pense32,075 33,869 23,609 20,415 10,937 Interest in cost of home sales revenues48,692 32,898 19,502 10,082 2,366 Interest expense(income)3(3)5 10 26 Depreciation and amortization12,031 6,973 5,580 4,713 2,941 EBITDA$189,256$124,032$98,236$75,110$36,292 Purchase price accounting for acquired work in