Record Pretax Income and Revenue
Consolidated pretax income of $1.2 billion on revenues of $9.7 billion for the fourth quarter. For the fiscal year, consolidated pretax income was $4.7 billion, with a pretax profit margin of 13.8%.
Strong Cash Flow and Shareholder Returns
Generated $3.4 billion of cash from operations, returning $4.8 billion to shareholders through repurchases and dividends. Over the past 5 years, $11 billion of operating cash flow was returned to shareholders.
Increased Net Sales Orders
Net sales orders in the fourth quarter increased 5% from the prior year to 20,078 homes, with order value increasing 3% to $7.3 billion.
Community Growth
Average number of active selling communities was up 1% sequentially and up 13% from the prior year.