Tri Pointe Homes Inc 2025年季度报告

consolidated financial statements and related notes thereto in this annual report on Form 10-Q) refer to Tri Pointe Homes, Inc., a Delawarecorporation, and its consolidated subsidiaries. PART I.FINANCIAL INFORMATIONFinancial StatementsConsolidated Balance Sheets as ofMarch 31, 2025(unaudited) and December 31, 2024Consolidated Statements of Operations for the ThreeMonths EndedMarch 31, 2025and2024(unaudited)Consolidated Statements of Equity for the ThreeMonths EndedMarch 31, 2025and2024(unaudited)Consolidated Statements of Cash Flows for theThreeMonths EndedMarch 31, 2025and2024(unaudited)Notes to Consolidated Financial Statements (unaudited) Homebuilding income before income taxes Number ofSharesofCommonStock(Note1)CommonStockAdditionalPaid-inCapitalRetainedEarningsStockholders'95,530,512$955$—$3,010,003$ Net investments in unconsolidated entitiesDistributions from unconsolidated entities Borrowings from loans payableRepayment of loans payable and senior notes Repayments on mortgage repurchase facilitiesDistributions to noncontrolling interests Proceeds from issuance of common stock under share-based awards—Tax withholding paid on behalf of employees for share-based awards(9,921)Share repurchases, excluding excise tax(75,046)Net cash used in financing activities(122,675)Net decrease in cash and cash equivalents(157,108) Cash and cash equivalents–end of period See accompanying condensed notes to the unaudited consolidated financial statements. 1.Organization, Basis of Presentation and Summary of Significant Accounting Policies OrganizationTri Pointe is engaged in the design, construction and sale of innovative single-family attached and detached homes acrosstwelve states, including Arizona, California, Colorado, Florida, Maryland, Nevada, North Carolina, South Carolina, Texas, Virginia, Utah andWashington, and the District of Columbia. In April 2024, we announced our expansion into the Coastal Carolinas region, which includes Georgia as of March31, 2025. Basis of Presentation The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles(“GAAP”), as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”), forinterim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. They should be read in conjunction necessarily indicative of the results to be expected for the full year ending December 31, 2025 due to seasonalvariations and other factors. The consolidated financial statements include the accounts of Tri Pointe Homes and its wholly owned subsidiaries, as well as otherentities in which Tri Pointe Homes has a controlling interest and variable interest entities (“VIEs”) in which Tri Pointe Homes is the primarybeneficiary.The noncontrolling interests as of March31, 2025 and December31, 2024 represent the outside owners’ interests in theCompany’s consolidated entities. All significant intercompany accounts have been eliminated upon consolidation. Use of EstimatesThe preparation of these financial statements requires our management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosures of contingent liabilities at the date of the financial statements and the reported amounts ofrevenues and expenses during the reporting periods. Actual results could differ from our estimates. We define cash and cash equivalents as cash on hand, demand deposits with financial institutions, and short-term liquid investmentswith a maturity date of less than three months from the date of acquisition, including U.S. Treasury bills and government money-mark funds with maturities of 90 days or less when purchased. The Company’s cash balances exceed federally insurable limits. The Company monitorsthe cash balances in its operating accounts and adjusts the cash balances as appropriate; however, these cash balances could be impacted ifthe underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company hasexperienced no loss or lack of access to cash in its operating accounts. We recognize revenue in accordance with Accounting Standards Topic 606 (“ASC 606”),Revenue from Contracts with Customers.Under ASC 606, we apply the following steps to determine the timing and amount of revenue to recognize: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price tothe performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation.Home sales revenueWe generate the majority of our total revenues from home sales, which consists of our core business operation of building and when homebuyers cancel home purchase contracts that include a nonrefundable deposit. Both revenue from f