KB HOME
For the period ended Feb 29, 2024. Filed Apr 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Feb 29, 2024 · Filed Apr 5, 2024
KBH$52.01+2.6%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
KB HOME
CONSOLIDATED STATEMENTS OF OPERATIONS
(In Thousands, Except Per Share Amounts – Unaudited)
| Three Months Ended | ||
|---|---|---|
| February 29, 2024 | February 28, 2023 | |
| Total revenues | $1,467,766 | $1,384,314 |
| Homebuilding: | ||
| Revenues | $1,461,698 | $1,378,537 |
| Construction and land costs | (1,146,528) | (1,082,821) |
| Selling, general and administrative expenses | (157,494) | (139,227) |
| Operating income | 157,676 | 156,489 |
| Interest income | 5,857 | 467 |
| Equity in loss of unconsolidated joint ventures | (445) | (757) |
| Homebuilding pretax income | 163,088 | 156,199 |
| Financial services: | ||
| Revenues | 6,068 | 5,777 |
| Expenses | (1,546) | (1,358) |
| Equity in income of unconsolidated joint venture | 7,055 | 1,582 |
| Financial services pretax income | 11,577 | 6,001 |
| Total pretax income | 174,665 | 162,200 |
| Income tax expense | (36,000) | (36,700) |
| Net income | $138,665 | $125,500 |
| Earnings per share: | ||
| Basic | $1.81 | $1.49 |
| Diluted | $1.76 | $1.45 |
| Weighted average shares outstanding: | ||
| Basic | 75,894 | 83,468 |
| Diluted | 78,264 | 85,995 |
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