Consumer Discretionary › Operative Builders
TPH Stock Price Correlated With Tri Pointe Homes Financials
External Links ⌄
Income Statement
Cash Flow
Balance Sheet
TPH Income Statement
Enable JavaScript and reload
Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
TPH Cash Flow
Enable JavaScript and reload
Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
TPH Balance Sheet
Enable JavaScript and reload
Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
COMPANY PROFILE
1.
Organization and Basis
of Presentation
Organization
TRI Pointe
Homes, Inc. is engaged in the design, construction and sale of
innovative single-family homes in planned communities in major
metropolitan areas located throughout Southern and Northern
California and Colorado.
Initial Public
Offering
In January
2013, the Company completed its initial public offering
(“IPO”) in which it issued and sold 10,000,000 shares
of common stock at the public offering price of $17.00 per share.
The company received proceeds of $155.4 million in net proceeds
after deducting underwriting discounts and commissions of $11.9
million and other net offering expenses of $2.7 million. The
offering also included 5,742,350 shares of our common stock sold by
a selling stockholder for $90.8 million, in net proceeds after
deducting underwriting discounts and commissions of $6.8 million.
In preparation of the IPO, the Company reorganized from a Delaware
limited liability company into a Delaware corporation and was
renamed TRI Pointe Homes, Inc. Upon the close of the IPO on
January 31, 2013 and as of March 31, 2013, the Company
had 31,597,907 common shares outstanding.
Basis of
Presentation
The
consolidated financial statements include the accounts of the
Company and its wholly owned subsidiaries. All significant
intercompany accounts have been eliminated upon consolidation.
Subsequent events have been evaluated through the date the
financial statements were issued.
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 fiscal
year ended December 31, 2012. The accompanying unaudited
condensed financial statements include all adjustments (consisting
of normal recurring entries) necessary for the fair presentation of
our results for the interim period presented. Results for the
interim period are not necessarily indicative of the results to be
expected for the full year.
Unless the
context otherwise requires, the terms “we”,
“us”, “our” and “the Company”
refer to TRI Pointe Homes, Inc. (and its consolidated
subsidiaries).
Use of
Estimates
The preparation
of the Company’s consolidated 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 commitments and contingencies.
Accordingly, actual results could differ materially from these
estimates.
Cash and Cash
Equivalents and Concentration of Credit Risk
We define cash
and cash equivalents as cash on hand, demand deposits with
financial institutions, and short term liquid investments with an
initial maturity date of less than three months. The
Company’s cash balances exceed federally insurable limits.
The Company monitors the cash balances in its operating accounts
and adjusts the cash balances as appropriate; however, these cash
balances could be impacted if the underlying financial institutions
fail or are subject to other adverse conditions in the financial
markets. To date, the Company has experienced no loss or lack of
access to cash in its operating accounts.
Marketable
Securities
Our marketable
securities consist of fixed rate and floating rate interest earning
securities, primarily, holdings in mutual fund equity securities.
As of March 31, 2013, all of our marketable securities are
treated as available-for-sale investments and, as such, we have
recorded all of our marketable securities at fair value with
changes in fair value being recorded as a component of accumulated
other comprehensive income at March 31, 2013.
Real Estate Inventories
and Cost of Sales
We capitalize
pre-acquisition, land, development
Organization and Basis
of Presentation
Organization
TRI Pointe
Homes, Inc. is engaged in the design, construction and sale of
innovative single-family homes in planned communities in major
metropolitan areas located throughout Southern and Northern
California and Colorado.
Initial Public
Offering
In January
2013, the Company completed its initial public offering
(“IPO”) in which it issued and sold 10,000,000 shares
of common stock at the public offering price of $17.00 per share.
The company received proceeds of $155.4 million in net proceeds
after deducting underwriting discounts and commissions of $11.9
million and other net offering expenses of $2.7 million. The
offering also included 5,742,350 shares of our common stock sold by
a selling stockholder for $90.8 million, in net proceeds after
deducting underwriting discounts and commissions of $6.8 million.
In preparation of the IPO, the Company reorganized from a Delaware
limited liability company into a Delaware corporation and was
renamed TRI Pointe Homes, Inc. Upon the close of the IPO on
January 31, 2013 and as of March 31, 2013, the Company
had 31,597,907 common shares outstanding.
Basis of
Presentation
The
consolidated financial statements include the accounts of the
Company and its wholly owned subsidiaries. All significant
intercompany accounts have been eliminated upon consolidation.
Subsequent events have been evaluated through the date the
financial statements were issued.
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 fiscal
year ended December 31, 2012. The accompanying unaudited
condensed financial statements include all adjustments (consisting
of normal recurring entries) necessary for the fair presentation of
our results for the interim period presented. Results for the
interim period are not necessarily indicative of the results to be
expected for the full year.
Unless the
context otherwise requires, the terms “we”,
“us”, “our” and “the Company”
refer to TRI Pointe Homes, Inc. (and its consolidated
subsidiaries).
Use of
Estimates
The preparation
of the Company’s consolidated 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 commitments and contingencies.
Accordingly, actual results could differ materially from these
estimates.
Cash and Cash
Equivalents and Concentration of Credit Risk
We define cash
and cash equivalents as cash on hand, demand deposits with
financial institutions, and short term liquid investments with an
initial maturity date of less than three months. The
Company’s cash balances exceed federally insurable limits.
The Company monitors the cash balances in its operating accounts
and adjusts the cash balances as appropriate; however, these cash
balances could be impacted if the underlying financial institutions
fail or are subject to other adverse conditions in the financial
markets. To date, the Company has experienced no loss or lack of
access to cash in its operating accounts.
Marketable
Securities
Our marketable
securities consist of fixed rate and floating rate interest earning
securities, primarily, holdings in mutual fund equity securities.
As of March 31, 2013, all of our marketable securities are
treated as available-for-sale investments and, as such, we have
recorded all of our marketable securities at fair value with
changes in fair value being recorded as a component of accumulated
other comprehensive income at March 31, 2013.
Real Estate Inventories
and Cost of Sales
We capitalize
pre-acquisition, land, development
Free historical financial statements for Tri Pointe Homes Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 44 quarters since 2013. Compare with TPH stock chart to see long term trends.
Data imported from Tri Pointe Homes Inc. SEC filings. Check original filings before making any investment decision.