Basis of Presentation and Consolidation — The
 accompanying unaudited Condensed and 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.
 Accordingly, they do not include all of the information and
 footnotes required by GAAP for complete financial statements. The
 information included in this Quarterly Report on Form 10-Q should
 be read in conjunction with the Consolidated and Combined Financial
 Statements and accompanying Notes included in our 2013 Annual
 Report on Form 10-K. In the Reorganization Transactions, TMHC
 became the sole owner of the general partner of New TMM. As the
 general partner of New TMM, we exercise exclusive and complete
 control over New TMM. Consequently, for periods subsequent to
 April 9, 2013, we consolidate New TMM and record a
 non-controlling interest in our consolidated balance sheet for the
 economic interests in New TMM, that are directly or indirectly held
 by the Principal Equityholders or by members of management and the
 Board of Directors. The consolidated financial statements for these
 periods include the accounts of TMHC, TMM Holdings, New TMM, TMC,
 Monarch and our consolidated subsidiaries, partnerships and other
 entities for which we have a controlling financial interest, and of
 variable interest entities in which we are deemed the primary
 beneficiary. Intercompany balances and transactions have been
 eliminated on consolidation. In the opinion of management, the
 accompanying Condensed and Consolidated Financial Statements
 include all adjustments necessary for the fair presentation of our
 results for the interim periods presented. Results for interim
 periods are not necessarily indicative of results to be expected
 for the full year.
Unless otherwise stated, amounts are shown in U.S. dollars. Assets
 and liabilities recorded in foreign currencies are translated at
 the exchange rate on the balance sheet date, and revenues and
 expenses are translated at average rates of exchange prevailing
 during the period. Translation adjustments resulting from this
 process are recorded to accumulated other comprehensive income
 (loss) in the consolidated balance sheets and consolidated
 statements of stockholders’ equity.
Free historical financial statements for Taylor Morrison Home Corp.
                            See how revenue, income, cash flow, and balance sheet financials have changed over 47 quarters since 2014. Compare with TMHC stock chart to see long term trends.
Data imported from Taylor Morrison Home Corp SEC filings. Check original filings before making any investment decision.