16-303 TRI Pointe Group Inc (18094)
TRI Pointe Group, Inc. Annual Report 2015 TRIP 138MS 16 Annual_Report_2015_8_25x10_75_ƒ3.indd 1 4/18/16 11:25 AM WHO WE ARE Headquartered in Irvine, California, TRI Pointe Group homebuilders. The TRI Pointe Group family includes (NYSE : TPH) is a family of premium regional home- Maracay Homes in Arizona, Pardee Homes in builders that design, build and sell homes in major U.S. California and Nevada, Quadrant Homes in Washington, markets. As one of the largest homebuilding companies Trendmaker Homes in Texas, TRI Pointe Homes in in the United States, TRI Pointe Group combines the California and Colorado, and Winchester Homes in the resources and leadership of a national organization with Washington, D.C. area. the regional insights, community ties and agility of local 2 TRIP 138MS 16 Annual_Report_2015_8_25x10_75_ƒ3.indd 2 4/18/16 11:25 AM FINANCIAL AND OPERATIONAL HIGHLIGHTS (dollars in thousands) KEY INCOME STATEMENT DATA 2014 2015 Home Sales Revenue $1,646,274 $2,291,264 Homebuilding Gross Margin % 19.9% 21.1% SG&A Expense as a % of Home Sales Revenue 11.3% 10.2% Homebuilding Income from Operations $147,246 $314,882 Net Income Available to Stockholders $84,197 $205,461 Diluted Net Earnings Per Share $0.58 $1.27 KEY BALANCE SHEET DATA 12/31/2014 12/31/2015 Cash and Cash Equivalents $170,629 $214,485 Real Estate Inventories $2,280,183 $2,519,273 Lots Owned or Controlled 29,718 27,602 Total Debt $1,138,493 $1,170,505 Total Stockholders’ Equity $1,454,180 $1,664,683 Ratio of Debt-to-Capital 43.9% 41.3% OTHER DATA 2014 2015 Net New Home Orders 2,947 4,181 New Homes Delivered 3,100 4,057 Average Sales Price of Homes Delivered $531 $565 Backlog of Homes at Fiscal Year End 1,032 1,156 Backlog Dollar Value at Fiscal Year End $653,096 $697,334 39%* 2 7, 6 0 2 homesites owned or controlled as $2,291,264,000 of December 31, 2015 *year-over-year home sales revenue increase 4,057 new homes delivered #1 in 2015 rated local 31% management teams2 increase over 2014 1 BUILDER Magazine named TRI Pointe Group the Builder of the Year in 2015.
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