Hovnanian
Enterprises, Inc. and Subsidiaries (the "Company”,
“we”, “us” or “our”) has
reportable segments consisting of six Homebuilding segments
(Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and
West) and the Financial Services segment (see Note
17).
The accompanying
unaudited Condensed Consolidated Financial Statements include
our accounts and those of all wholly-owned subsidiaries after
elimination of all significant intercompany balances and
transactions. Certain immaterial prior year
amounts have been reclassified to conform to the current year
presentation.
1. The
accompanying unaudited condensed consolidated financial
statements have been prepared in accordance with accounting
principles generally accepted in the United States
(“GAAP”) for interim financial information and
with the instructions to Form 10-Q and Article 10 of
Regulation S-X and should be read in conjunction with the
consolidated financial statements and notes thereto included
in our Annual Report on Form 10-K for the year ended October
31, 2011. In the opinion of management, all
adjustments for interim periods presented have been made,
which include normal recurring accruals and deferrals
necessary for a fair presentation of our consolidated
financial position, results of operations, and cash
flows. The preparation of financial statements in
conformity with GAAP requires management to make estimates
and assumptions that affect the reported amounts of assets
and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the
reporting period. Actual results could differ from
those estimates, and these differences could have a
significant impact on the financial
statements. Results for interim periods are not
necessarily indicative of the results which might be expected
for a full year. The balance sheet at October 31,
2011 has been derived from the audited Consolidated Financial
Statements at that date but does not include all of the
information and footnotes required by GAAP for complete
financial statements.
Free historical financial statements for Hovnanian Enterprises Inc.
See how revenue, income, cash flow, and balance sheet financials have changed over 51 quarters since 2012. Compare with HOV stock chart to see long term trends.
Data imported from Hovnanian Enterprises Inc SEC filings. Check original filings before making any investment decision.