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KBH Price Correlated With Financials For KB Home

Free historical financial statements for KB Home. See how revenue, income, cash flow, and balance sheet financials have changed over 48 quarters since 2011. Compare with KBH stock chart to see long term trends.

KBH Stock Compared to Quarterly

KBH Income Statement

Revenue, Net:1940030000
Revenue Per Share:22.3349
Income Taxes:68500000
Net Income:216410000
Earnings Per Share, Basic:2.51
Shares Outstanding, Basic Avg:86861000

KBH Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:8458000
Net Cash from Operations:407417000
Net Cash from Operations Per Share:4.6904
Cash Dividends Paid:12538000
Net Cash from Financing Activities:-256823000
Property, Plant & Equipment Purchases:11468000
Net Cash from Investing Activities:-17653000
Net Change in Cash & Equivalents:132941000

KBH Balance Sheet

Cash and Cash Equivalents:330198000
Property, Plant & Equipment, Net:89234000
Total Assets:6651930000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Blackrock Inc.
9,990,292 sh
-339,124 sh
-3%
$258,949
-$35,023
Vanguard Group Inc
7,630,774 sh
-405,506 sh
-5%
$197,789
-$30,923
FMR LLC
4,531,550 sh
190,303 sh
4%
$117,457
-$6,095
Macquarie Group Ltd
4,002,669 sh
21,677 sh
1%
$103,794
-$9,505
Alliancebernstein L.P.
3,529,874 sh
-63,589 sh
-2%
$91,494
-$10,776
Capital World Investors
2,957,918 sh
 
$76,669
Dimensional Fund Advisors LP
2,896,592 sh
-71,399 sh
-2%
$75,082
-$9,383
State Street Corp
2,722,550 sh
-8,129 sh
0%
$70,568
-$7,147
Fisher Asset Management, LLC
2,714,148 sh
279,445 sh
11%
$70,351
$1,059
Lombard Odier Asset Management (Usa) Corp
Put options for 2,075,000 sh
675,000 sh
48%
$53,784
$13,940
Citadel Advisors LLC
Put options for 1,998,200 sh
1,998,200 sh
NEW
$51,793
$51,793
Balyasny Asset Management LLC
1,825,256 sh
328,455 sh
22%
$47,310
$4,711
Geode Capital Management, LLC
1,437,664 sh
-10,424 sh
-1%
$37,264
-$3,948
Northern Trust Corp
1,240,408 sh
-42,540 sh
-3%
$32,151
-$9,391
Bank Of New York Mellon Corp
1,120,742 sh
33,777 sh
3%
$29,050
-$1,886
Goldman Sachs Group Inc
1,071,624 sh
944,124 sh
740%
$27,776
$24,147
Citadel Advisors LLC
1,044,321 sh
-505,079 sh
-33%
$27,068
-$17,028
Pictet Asset Management SA
1,006,736 sh
237,259 sh
31%
$26,094
$4,195
Walleye Trading LLC
Put options for 973,600 sh
973,600 sh
NEW
$25,236
$25,236
Susquehanna International Group, Llp
Put options for 947,400 sh
947,400 sh
NEW
$24,556
$24,556
COMPANY PROFILE
1.

Basis of Presentation and Significant Accounting Policies

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting
principles generally accepted in the United States for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally
included in the annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted.

In the opinion of KB Home (the “Company”), the accompanying unaudited consolidated financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to
present fairly the Company’s consolidated financial position as of February 29, 2012, the results of its consolidated operations for the three months ended February 29, 2012 and February 28, 2011, and its consolidated cash flows
for the three months ended February 29, 2012 and February 28, 2011. The results of consolidated operations for the three months ended February 29, 2012 are not necessarily indicative of the results to be expected for the full year,
due to seasonal variations in operating results and other factors. The consolidated balance sheet at November 30, 2011 has been taken from the audited consolidated financial statements as of that date. These unaudited consolidated financial
statements should be read in conjunction with the audited consolidated financial statements for the year ended November 30, 2011, which are contained in the Company’s Annual Report on Form 10-K for that period.
Use of Estimates

The accompanying unaudited consolidated financial statements have been prepared in conformity with GAAP and, therefore, include amounts based on informed estimates and judgments of management. Actual
results could differ from these estimates.
Cash and Cash Equivalents and Restricted Cash
The Company considers all highly liquid short-term investments purchased with an original maturity of three months or less to be cash
equivalents. The Company’s cash equivalents totaled $217.8 million at February 29, 2012 and $212.8 million at November 30, 2011. The majority of the Company’s cash and cash equivalents were invested in money market accounts and
U.S. government securities.
Restricted cash of $63.9 million at February 29, 2012 and $64.5 million at
November 30, 2011 consisted of cash deposited with various financial institutions that was required as collateral for the Company’s cash-collateralized letter of credit facilities (the “LOC Facilities”).
Loss Per Share
Basic and diluted loss per share were calculated as follows (in thousands, except per share amounts):

Three Months Ended

February 29, 2012

February 28, 2011

Numerator:

Net loss

$
(45,802
)

$
(114,526
)

Denominator:

Basic and diluted average shares outstanding

77,090

76,974

Basic and diluted loss per share

$
(.59
)

$
(1.49
)

All outstanding stock options were excluded from the diluted loss per share calculations for the three months ended
February 29, 2012 and February 28, 2011 because the effect of their inclusion would be antidilutive, or would decrease the reported loss per share.

Comprehensive Loss
The Company’s comprehensive loss was $45.8 million for the three months ended February 29, 2012 and $114.5
million for the three months ended February 28, 2011.
The accumulated balances of other comprehensive loss in the consolidated balance sheets as of February 29, 2012 and November 30, 2011 were comprised solely of adjustments
recorded directly to accumulated other comprehensive loss in accordance with Accounting Standards Codification Topic No. 715, “Compensation – Retirement Benefits” (“ASC 715”). ASC 715 requires an employer to recognize
the funded status of defined postretirement benefit plans as an asset or liability on the balance sheet and requires any

Data imported from KB Home SEC filings. Check original filings before making any investment decision.