Homebuilding Industry Outlook

kb ROE Calculation Detail HOME ($ in thousands) 0000 29│ 2019 2020 2021 Pretax income $ 348,175 $ 364,043 $ 695,346 Income tax expense (79,400) (67,800) (130,600) Net income $ 268,775 $ 296,243 $ 564,746 Average stockholders' equity (a) $ 2,211,312 $ 2,509,531 $ 2,832,405 Return on equity (a) Average stockholders' equity for the trailing five quarters. 12.2% 11.8% 19.9% © 2022 KB Home

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