1、ANNUAL REPORT2021PERFORMANCESNAPSHOT NET INCOME($MM)+891%$50$96$113$206$49920172019201820202021TOTAL REVENUE($MM)+196%$1,424$2,147$2,536$3,161$4,21620172019201820202021TOTAL STOCKHOLDERS EQUITY($in thousands)+140%20172019201820202021$735,233$859,360$1,061,699$1,280,705$1,764,508$2.03$3.17$3.62$6.13$
2、14.4720172019201820202021EARNINGS PER DILUTED SHARE+613%Additionally in 2021,we bolstered cash flows,as reflected by a 103%increase in EBITDA to a Company record$718 million,and we improved our net homebuilding debt to net capital ratio to 26.3%,while concurrently increasing investments in our busin
3、ess and initiating a quarterly cash dividend to reward our stockholders.Stockholders equity increased 38%to$1.8 billion,demonstrating our strengthened balance sheet and providing us with maximum flexibility to manage our organization and capitalize on opportunities as they arise.These results reaffi
4、rm the strength of our brands,the resiliency of our business and our proven ability to accelerate growth across our platform.Approximately 90%of our 2021 home deliveries were started on spec.Our focus on building primarily move-in-ready homes,coupled with our national footprint and purchasing capabi
5、lities,enabled us to successfully navigate recent industry-wide supply chain challenges and offset the impact of increased 40+Markets17 States79,859 LotsDEARFELLOWSTAKEHOLDERSFiscal year 2021 was another outstanding year of significant accomplishments.In 2021,we delivered 10,805 homes,a 14%year-on-y
6、ear increase and a Company record,while net new home contracts increased 11%to a record 12,017 contracts.We achieved record full-year homebuilding revenues of over$4 billion,a 34%year-on-year increase,gross margin expansion of 580 basis points to a record 24.2%,and a 160-basis-point improvement in S