Supplementary Data

Q1 2021

HOMEBUILDING RETURN ON INVENTORY (ROI)

Q 1 2 0 2 1

Quarter Ended:

12/31/18

03/31/19

06/30/19

09/30/19

12/31/19

03/31/20

06/30/20

09/30/20

12/31/20

Homebuilding Pre-Tax Income

$ 354.3

$ 400.4

$ 561.8

$ 594.2

$ 461.6

$ 565.5

$ 709.8

$ 928.0

$ 935.2

Ending Homebuilding Inventory

10,898.2

11,076.8

10,678.4

10,285.6

10,885.6

11,088.4

10,916.8

11,015.0

12,138.5

Homebuilding Pre-Tax Income (PTI) and Ending Homebuilding Inventory as reported in our quarterly and annual filings

Homebuilding ROI*

12/31/19

09/30/20

12/31/20

Homebuilding PTI - TTM

$ 2,018.0

$ 2,664.9

$ 3,138.5

Average Homebuilding Inventory**

10,764.9

10,838.3

11,208.9

Homebuilding ROI

18.7%

24.6%

28.0%

  • Homebuilding ROI is calculated as Homebuilding PTI for the trailing twelve months (TTM) divided by Average Homebuilding Inventory. **Average Homebuilding Inventory is calculated as the sum of the ending homebuilding inventory balances of the trailing 5 quarters divided by 5.

$ in millions

Homebuilding PTI amounts in the prior periods have been reclassified to conform to the current year presentation.

RETURN ON EQUITY (ROE)

Q 1 2 0 2 1

Quarter Ended:

12/31/18

03/31/19

06/30/19

09/30/19

12/31/19

03/31/20

06/30/20

09/30/20

12/31/20

Net Income Attributable to D.R. Horton

$ 287.2

$ 351.3

$ 474.8

$ 505.3

$ 431.3

$ 482.7

$ 630.7

$ 829.0

$ 791.8

Ending Stockholders' Equity

9,124.7

9,360.3

9,642.4

10,020.9

10,227.4

10,458.0

11,048.0

11,840.0

12,485.2

Net Income Attributable to D.R. Horton and Ending Stockholders' Equity as reported in our quarterly and annual filings

Return on Equity

12/31/19

09/30/20

12/31/20

Net Income Attributable to D.R. Horton - TTM

$ 1,762.7

$ 2,373.7

$ 2,734.2

Average Stockholders' Equity*

9,675.1

10,718.9

11,211.7

ROE

18.2%

22.1%

24.4%

ROE is calculated as Net Income Attributable to D.R. Horton for the trailing twelve months (TTM) divided by Average Stockholders' Equity. *Average Stockholders' Equity is calculated as the sum of the ending stockholders' equity balances of the trailing 5 quarters divided by 5.

$ in millions

Net Income Attributable to D.R. Horton for the trailing twelve months (TTM) includes rounding adjustments.

HOME SALES GROSS MARGIN

Q 1 2 0 2 1

Quarter Ended:

Fiscal Year Ended:

12/31/18

03/31/19

06/30/19

09/30/19

12/31/19

03/31/20

06/30/20

09/30/20

12/31/20

09/30/19

09/30/20

Home Sales Revenues

$

3,410.6

$

3,980.5

$

4,734.6

$

4,799.2

$

3,863.3

$

4,363.3

$

5,207.6

$

6,126.6

$

5,698.7

$

16,925.0

$

19,560.8

Homes Sales Gross Profit

before interest and other costs

735.5

826.8

1,029.3

1,067.8

869.2

984.4

1,190.5

1,480.7

1,441.9

3,659.4

4,524.9

Interest & Property Tax Costs

(34.8)

(40.7)

(47.0)

(46.6)

(36.0)

(39.5)

(45.3)

(52.4)

(45.6)

(169.1)

(173.2)

Warranty & Litigation Costs

(9.6)

(13.3)

(12.9)

(5.9)

(18.6)

(15.1)

(18.7)

(38.2)

(21.5)

(41.8)

(90.5)

Purchase Accounting Costs

(9.7)

(6.5)

(7.8)

(6.7)

(2.9)

(2.0)

(1.2)

(0.1)

(1.2)

(30.7)

(6.2)

Gross Profit - Home Sales

$

681.4

$

766.3

$

961.6

$

1,008.6

$

811.7

$

927.8

$

1,125.3

$

1,390.0

$

1,373.6

$

3,417.9

$

4,255.0

% of Homes Sales Revenue (HSR)

% of HSR

Quarter Ended:

Fiscal Year Ended:

12/31/18

03/31/19

06/30/19

09/30/19

12/31/19

03/31/20

06/30/20

09/30/20

12/31/20

09/30/19

09/30/20

Homes Sales Gross Margin

before interest and other costs

21.6%

20.8%

21.7%

22.2%

22.5%

22.6%

22.9%

24.2%

25.3%

21.6%

23.1%

Interest & Property Tax Costs

-1.0%

-1.0%

-1.0%

-1.0%

-0.9%

-0.9%

-0.9%

-0.9%

-0.8%

-1.0%

-0.9%

Warranty & Litigation Costs

-0.3%

-0.3%

-0.3%

-0.1%

-0.5%

-0.3%

-0.4%

-0.6%

-0.4%

-0.2%

-0.4%

Purchase Accounting Costs

-0.3%

-0.2%

-0.1%

-0.1%

-0.1%

-0.1%

0.0%

0.0%

0.0%

-0.2%

0.0%

Home Sales Gross Margin

20.0%

19.3%

20.3%

21.0%

21.0%

21.3%

21.6%

22.7%

24.1%

20.2%

21.8%

$ in millions

Home sales gross margin presented is for the Company's homebuilding segment.

The percentages and prior period balances in the above tables may include rounding adjustments.

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D.R. Horton Inc. published this content on 26 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2021 14:47:07 UTC