19 unchanged sentences
Such shares were not repurchased as part of our publicly-announced share repurchase programs and are excluded from the table above.
−Removed: (2) The Board of Directors approved a share repurchase authorization totaling $500.0 million in January 2018 and an increase of $500.0 million to such authorization in May 2019.
+Added: (2) The Board of Directors approved a share repurchase authorization totaling $500.0 million in May 2019 and an increase of $1.0 billion to such authorization in April 2021.
There is no expiration date for this program, under which $457.6 million remained available as of December 31, 2021.
+Added: This share repurchase authorization was increased by $1.0 billion on January 31, 2022.
During 2021, we repurchased 17.7 million shares for a total of $897.3 million under this program.
17 unchanged sentences
* Assumes $100 invested on December 31, 2016, and the reinvestment of dividends.
−Removed: SELECTED FINANCIAL DATA
−Removed: Set forth below is selected consolidated financial data for each of the past five fiscal years.
−Removed: The selected financial data should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and our Consolidated Financial Statements and Notes thereto included elsewhere in this report.
−Removed: Years Ended December 31,
−Removed: (000’s omitted, except per share data)
−Removed: 2020 2019 2018 2017 2016
−Removed: OPERATING DATA:
−Removed: Homebuilding:
−Removed: Revenues $ 10,673,913 $ 9,978,526 $ 9,982,949 $ 8,385,526 $ 7,495,404
−Removed: Income before income taxes $ 1,542,057 $ 1,236,261 $ 1,288,804 $ 865,332 $ 860,766
−Removed: Financial Services:
−Removed: Revenues $ 362,169 $ 234,431 $ 205,382 $ 192,160 $ 181,126
−Removed: Income before income taxes $ 186,637 $ 103,315 $ 58,736 $ 73,496 $ 73,084
−Removed: Consolidated results:
−Removed: Revenues $ 11,036,082 $ 10,212,957 $ 10,188,331 $ 8,577,686 $ 7,676,530
−Removed: Income before income taxes $ 1,728,694 $ 1,339,576 $ 1,347,540 $ 938,828 $ 933,850
−Removed: Income tax expense (321,855) (322,876) (325,517) (491,607) (331,147)
−Removed: Net income $ 1,406,839 $ 1,016,700 $ 1,022,023 $ 447,221 $ 602,703
−Removed: PER SHARE DATA:
−Removed: Net income per share:
−Removed: Basic $ 5.19 $ 3.67 $ 3.56 $ 1.45 $ 1.76
−Removed: Diluted $ 5.18 $ 3.66 $ 3.55 $ 1.44 $ 1.75
−Removed: Number of shares used in calculation:
−Removed: Basic 268,553 274,495 283,578 305,089 339,747
−Removed: Effect of dilutive securities 861 802 1,287 1,725 2,376
−Removed: Diluted 269,414 275,297 284,865 306,814 342,123
−Removed: Shareholders’ equity $ 24.66 $ 20.20 $ 17.39 $ 14.60 $ 13.63
−Removed: Cash dividends declared $ 0.50 $ 0.45 $ 0.38 $ 0.36 $ 0.36
−Removed: ($000’s omitted)
−Removed: 2020 2019 2018 2017 2016
−Removed: BALANCE SHEET DATA:
−Removed: House and land inventory $ 7,721,798 $ 7,680,614 $ 7,253,353 $ 7,147,130 $ 6,770,655
−Removed: Total assets 12,205,498 10,715,597 10,172,976 9,686,649 10,178,200
−Removed: Notes payable 2,752,302 2,765,040 3,028,066 3,006,967 3,129,298
−Removed: Shareholders’ equity 6,569,989 5,458,180 4,817,782 4,154,026 4,659,363
−Removed: Years Ended December 31,
−Removed: 2020 2019 2018 2017 2016
−Removed: Markets, at year-end 40 42 44 47 49
−Removed: Average active communities 874 863 832 779 705
−Removed: Closings (units) 24,624 23,232 23,107 21,052 19,951
−Removed: Net new orders (units) 29,275 24,977 22,833 22,626 20,326
−Removed: Backlog (units), at year-end 15,158 10,507 8,722 8,996 7,422
−Removed: Average selling price (per unit) $ 430,000 $ 427,000 $ 425,000 $ 395,000 $ 373,000
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.