Investor Presentaiton
30 |
kb Reconciliation of Non-GAAP Financial Measures
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0000
2020
2021
2022
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Housing Gross Profit Margin
Housing Gross Profit Margin - As Reported
Housing inventory-related charges
17.4%
0.5
18.2% 19.9%
0.5
0.7
20.0% 20.8%
1.0
0.3
21.4% 21.5% 22.3%
0.1
0.5
0.1
22.4%
Housing Gross Profit Margin - As Adjusted
17.9%
18.7% 20.6%
21.0% 21.1%
21.5%
22.0% 22.4% 22.4%
Homebuilding Operating Income Margin
Homebuilding Operating Income Margin - As Reported
Homebuilding inventory-related charges
5.6%
0.5
5.7%
1.2*
8.9%
0.7
9.7% 10.0%
1.0
0.4
11.3%
0.1
11.6% 12.8%
0.5
0.1
12.2%
Homebuilding operating income margin
excluding inventory-related charges
6.1%
6.9%
9.6%
10.7%
10.4%
11.4%
12.1% 12.9% 12.2%
*In addition to inventory-related charges, percentage includes impact from $6.7 million of severance charges.
The Company believes these non-GAAP financial measures, which assist management in making certain decisions, are relevant and useful to investors in understanding its operations and in
providing meaningful period-to-period comparisons, and may be helpful in comparing the Company with other homebuilding companies to the extent they provide similar information.
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