EXHIBIT 99.1
The purpose of this schedule is to provide investors with historical segment information that has been recast on a basis consistent with Toll Brothers, Inc.'s new segment reporting structure that was implemented in the first quarter of its fiscal 2020. The tables provide unaudited recast segment information for the previously reported years ended October 31, 2019 and October 31, 2018, and the three month periods ended January 31, April 30, July 31 and October 31 of each of 2019 and 2018.
Units Delivered and Revenues:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Fiscal 2019 |
| | Units Delivered | | Revenues ($ Millions) | | Average Delivered Price Per Unit ($ Thousands) |
| | Q1 | Q2 | Q3 | Q4 | FY | | Q1 | Q2 | Q3 | Q4 | FY | | Q1 | Q2 | Q3 | Q4 | FY |
| Traditional Home Building: | | | | | | | | | | | | | | | | | |
| North | 384 |
| 518 |
| 546 |
| 775 |
| 2,223 |
| | $ | 271.5 |
| $ | 345.1 |
| $ | 360.0 |
| $ | 507.8 |
| $ | 1,484.4 |
| | $ | 707.1 |
| $ | 666.2 |
| $ | 659.4 |
| $ | 655.2 |
| $ | 667.7 |
|
| Mid-Atlantic | 211 |
| 252 |
| 330 |
| 444 |
| 1,237 |
| | 134.9 |
| 174.1 |
| 213.7 |
| 281.6 |
| 804.3 |
| | $ | 639.3 |
| $ | 690.8 |
| $ | 647.6 |
| $ | 634.3 |
| $ | 650.2 |
|
| South | 228 |
| 313 |
| 312 |
| 445 |
| 1,298 |
| | 176.9 |
| 242.8 |
| 243.4 |
| 328.8 |
| 991.9 |
| | $ | 776.0 |
| $ | 775.6 |
| $ | 780.2 |
| $ | 738.9 |
| $ | 764.2 |
|
| Mountain | 366 |
| 416 |
| 437 |
| 492 |
| 1,711 |
| | 226.4 |
| 285.8 |
| 292.7 |
| 326.0 |
| 1,130.9 |
| | $ | 618.6 |
| $ | 687.0 |
| $ | 669.8 |
| $ | 662.5 |
| $ | 661.0 |
|
| Pacific | 277 |
| 340 |
| 329 |
| 488 |
| 1,434 |
| | 444.1 |
| 579.6 |
| 573.5 |
| 819.5 |
| 2,416.7 |
| | $ | 1,603.1 |
| $ | 1,704.8 |
| $ | 1,743.1 |
| $ | 1,679.2 |
| $ | 1,685.3 |
|
| Traditional Home Building | 1,466 |
| 1,839 |
| 1,954 |
| 2,644 |
| 7,903 |
| | 1,253.8 |
| 1,627.4 |
| 1,683.3 |
| 2,263.7 |
| 6,828.2 |
| | $ | 855.2 |
| $ | 884.9 |
| $ | 861.5 |
| $ | 856.2 |
| $ | 864.0 |
|
| City Living | 64 |
| 72 |
| 40 |
| 28 |
| 204 |
| | 68.6 |
| 84.1 |
| 71.9 |
| 28.6 |
| 253.2 |
| | $ | 1,071.8 |
| $ | 1,167.7 |
| $ | 1,797.3 |
| $ | 1,022.5 |
| $ | 1,239.2 |
|
| Corporate and other | | | | | | | (3.1 | ) | 0.6 |
| 1.8 |
| (0.3 | ) | (1.0 | ) | | | | | | |
| Total home sales | 1,530 |
| 1,911 |
| 1,994 |
| 2,672 |
| 8,107 |
| | 1,319.3 |
| 1,712.1 |
| 1,757.0 |
| 2,292.0 |
| 7,080.4 |
| | $ | 862.3 |
| $ | 895.9 |
| $ | 881.2 |
| $ | 857.8 |
| $ | 873.3 |
|
| Land sales | | | | | | | 43.9 |
| 4.0 |
| 8.7 |
| 87.0 |
| 143.6 |
| | | | | | |
| Total consolidated | | | | | | | $ | 1,363.2 |
| $ | 1,716.1 |
| $ | 1,765.7 |
| $ | 2,379.0 |
| $ | 7,224.0 |
| | | | | | |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Fiscal 2018 |
| | Units Delivered | | Revenues ($ Millions) | | Average Delivered Price Per Unit ($ Thousands) |
| | Q1 | Q2 | Q3 | Q4 | FY | | Q1 | Q2 | Q3 | Q4 | FY | | Q1 | Q2 | Q3 | Q4 | FY |
| Traditional Home Building: | | | | | | | | | | | | | | | | | |
| North | 357 |
| 521 |
| 589 |
| 792 |
| 2,259 |
| | $ | 232.0 |
| $ | 351.8 |
| $ | 390.8 |
| $ | 543.3 |
| $ | 1,517.9 |
| | $ | 649.8 |
| $ | 675.2 |
| $ | 663.5 |
| $ | 686.1 |
| $ | 671.9 |
|
| Mid-Atlantic | 229 |
| 272 |
| 389 |
| 381 |
| 1,271 |
| | 137.8 |
| 168.5 |
| 235.5 |
| 233.9 |
| 775.7 |
| | $ | 601.5 |
| $ | 619.7 |
| $ | 605.3 |
| $ | 614.0 |
| $ | 610.3 |
|
| South | 176 |
| 262 |
| 314 |
| 362 |
| 1,114 |
| | 143.0 |
| 201.5 |
| 243.3 |
| 280.8 |
| 868.6 |
| | $ | 812.6 |
| $ | 769.0 |
| $ | 774.9 |
| $ | 775.6 |
| $ | 779.7 |
|
| Mountain | 355 |
| 458 |
| 466 |
| 518 |
| 1,797 |
| | 207.0 |
| 282.1 |
| 293.2 |
| 344.3 |
| 1,126.6 |
| | $ | 583.1 |
| $ | 615.8 |
| $ | 629.2 |
| $ | 664.7 |
| $ | 626.9 |
|
| Pacific | 242 |
| 344 |
| 459 |
| 610 |
| 1,655 |
| | 338.1 |
| 505.7 |
| 700.0 |
| 989.7 |
| 2,533.5 |
| | $ | 1,397.3 |
| $ | 1,470.0 |
| $ | 1,525.0 |
| $ | 1,622.5 |
| $ | 1,530.8 |
|
| Traditional Home Building | 1,359 |
| 1,857 |
| 2,217 |
| 2,663 |
| 8,096 |
| | 1,057.9 |
| 1,509.6 |
| 1,862.8 |
| 2,392.0 |
| 6,822.3 |
| | $ | 778.4 |
| $ | 812.9 |
| $ | 840.2 |
| $ | 898.3 |
| $ | 842.7 |
|
| City Living | 64 |
| 29 |
| 29 |
| 47 |
| 169 |
| | 117.6 |
| 89.6 |
| 50.6 |
| 63.2 |
| 321.0 |
| | $ | 1,837.5 |
| $ | 3,090.8 |
| $ | 1,745.4 |
| $ | 1,343.6 |
| $ | 1,899.4 |
|
| Total consolidated | 1,423 |
| 1,886 |
| 2,246 |
| 2,710 |
| 8,265 |
| | $ | 1,175.5 |
| $ | 1,599.2 |
| $ | 1,913.4 |
| $ | 2,455.2 |
| $ | 7,143.3 |
| | $ | 826.0 |
| $ | 847.9 |
| $ | 851.9 |
| $ | 906.0 |
| $ | 864.3 |
|
Net Contracts Signed:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Fiscal 2019 |
| | Net Contracted Units | | Net Contract Value ($ Millions) | | Average Contracted Price Per Unit ($ Thousands) |
| | Q1 | Q2 | Q3 | Q4 | FY | | Q1 | Q2 | Q3 | Q4 | FY | | Q1 | Q2 | Q3 | Q4 | FY |
| Traditional Home Building: | | | | | | | | | | | | | | | | | |
| North | 402 |
| 687 |
| 611 |
| 567 |
| 2,267 |
| | $ | 275.2 |
| $ | 454.8 |
| $ | 400.4 |
| $ | 381.2 |
| $ | 1,511.6 |
| | $ | 684.7 |
| $ | 662.0 |
| $ | 655.4 |
| $ | 672.3 |
| $ | 666.8 |
|
| Mid-Atlantic | 253 |
| 344 |
| 299 |
| 263 |
| 1,159 |
| | 160.4 |
| 236.8 |
| 201.6 |
| 173.7 |
| 772.5 |
| | $ | 633.8 |
| $ | 688.5 |
| $ | 674.2 |
| $ | 660.6 |
| $ | 666.5 |
|
| South | 201 |
| 404 |
| 344 |
| 358 |
| 1,307 |
| | 152.4 |
| 288.4 |
| 255.5 |
| 244.8 |
| 941.1 |
| | $ | 758.2 |
| $ | 713.8 |
| $ | 742.7 |
| $ | 683.7 |
| $ | 720.0 |
|
| Mountain | 331 |
| 600 |
| 622 |
| 544 |
| 2,097 |
| | 241.1 |
| 405.6 |
| 414.5 |
| 395.0 |
| 1,456.2 |
| | $ | 728.4 |
| $ | 675.9 |
| $ | 666.5 |
| $ | 726.1 |
| $ | 694.4 |
|
| Pacific | 169 |
| 348 |
| 325 |
| 253 |
| 1,095 |
| | 294.6 |
| 554.6 |
| 533.3 |
| 422.3 |
| 1,804.8 |
| | $ | 1,743.5 |
| $ | 1,593.6 |
| $ | 1,640.8 |
| $ | 1,669.2 |
| $ | 1,648.2 |
|
| Traditional Home Building | 1,356 |
| 2,383 |
| 2,201 |
| 1,985 |
| 7,925 |
| | 1,123.7 |
| 1,940.2 |
| 1,805.3 |
| 1,617.0 |
| 6,486.2 |
| | $ | 828.7 |
| $ | 814.2 |
| $ | 820.2 |
| $ | 814.6 |
| $ | 818.4 |
|
| City Living | 23 |
| 41 |
| 40 |
| 46 |
| 150 |
| | 39.7 |
| 63.1 |
| 63.5 |
| 58.4 |
| 224.7 |
| | $ | 1,724.4 |
| $ | 1,538.9 |
| $ | 1,587.1 |
| $ | 1,271.8 |
| $ | 1,498.3 |
|
| Total consolidated | 1,379 |
| 2,424 |
| 2,241 |
| 2,031 |
| 8,075 |
| | $ | 1,163.4 |
| $ | 2,003.3 |
| $ | 1,868.8 |
| $ | 1,675.4 |
| $ | 6,710.9 |
| | $ | 843.6 |
| $ | 826.4 |
| $ | 833.9 |
| $ | 825.0 |
| $ | 831.1 |
|
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Fiscal 2018 |
| | Net Contracted Units | | Net Contract Value ($ Millions) | | Average Contracted Price Per Unit ($ Thousands) |
| | Q1 | Q2 | Q3 | Q4 | FY | | Q1 | Q2 | Q3 | Q4 | FY | | Q1 | Q2 | Q3 | Q4 | FY |
| Traditional Home Building: | | | | | | | | | | | | | | | | | |
| North | 441 |
| 626 |
| 626 |
| 554 |
| 2,247 |
| | $ | 311.1 |
| $ | 422.6 |
| $ | 407.7 |
| $ | 369.9 |
| $ | 1,511.3 |
| | $ | 705.5 |
| $ | 675.1 |
| $ | 651.2 |
| $ | 667.8 |
| $ | 672.6 |
|
| Mid-Atlantic | 195 |
| 368 |
| 362 |
| 251 |
| 1,176 |
| | 129.2 |
| 230.3 |
| 229.7 |
| 170.3 |
| 759.5 |
| | $ | 662.5 |
| $ | 625.8 |
| $ | 634.7 |
| $ | 678.1 |
| $ | 645.8 |
|
| South | 262 |
| 383 |
| 323 |
| 244 |
| 1,212 |
| | 208.4 |
| 286.8 |
| 256.6 |
| 196.5 |
| 948.3 |
| | $ | 795.3 |
| $ | 748.8 |
| $ | 794.5 |
| $ | 805.3 |
| $ | 782.4 |
|
| Mountain | 417 |
| 559 |
| 493 |
| 402 |
| 1,871 |
| | 263.6 |
| 345.3 |
| 328.0 |
| 292.7 |
| 1,229.6 |
| | $ | 632.0 |
| $ | 617.6 |
| $ | 665.2 |
| $ | 728.4 |
| $ | 657.2 |
|
| Pacific | 460 |
| 665 |
| 463 |
| 242 |
| 1,830 |
| | 716.3 |
| 1,001.1 |
| 729.3 |
| 431.1 |
| 2,877.8 |
| | $ | 1,557.2 |
| $ | 1,505.4 |
| $ | 1,575.3 |
| $ | 1,781.1 |
| $ | 1,572.6 |
|
| Traditional Home Building | 1,775 |
| 2,601 |
| 2,267 |
| 1,693 |
| 8,336 |
| | 1,628.6 |
| 2,286.1 |
| 1,951.3 |
| 1,460.5 |
| 7,326.5 |
| | $ | 917.5 |
| $ | 878.9 |
| $ | 860.8 |
| $ | 862.7 |
| $ | 878.9 |
|
| City Living | 47 |
| 65 |
| 49 |
| 22 |
| 183 |
| | 61.8 |
| 97.1 |
| 80.7 |
| 38.2 |
| 277.8 |
| | $ | 1,316.0 |
| $ | 1,494.3 |
| $ | 1,646.3 |
| $ | 1,732.9 |
| $ | 1,518.0 |
|
| Total consolidated | 1,822 |
| 2,666 |
| 2,316 |
| 1,715 |
| 8,519 |
| | $ | 1,690.4 |
| $ | 2,383.2 |
| $ | 2,032.0 |
| $ | 1,498.7 |
| $ | 7,604.3 |
| | $ | 927.8 |
| $ | 893.9 |
| $ | 877.4 |
| $ | 873.8 |
| $ | 892.6 |
|
Backlog:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Fiscal 2019 |
| | Backlog Units | | Backlog Value ($ Millions) | | Average Backlog Price Per Unit ($ Thousands) |
| | Q1 | Q2 | Q3 | Q4 | | Q1 | Q2 | Q3 | Q4 | | Q1 | Q2 | Q3 | Q4 |
| Traditional Home Building: | | | | | | | | | | | | | | |
| North | 1,716 |
| 1,885 |
| 1,950 |
| 1,742 |
| | $ | 1,154.0 |
| $ | 1,264.5 |
| $ | 1,305.4 |
| $ | 1,179.6 |
| | $ | 672.5 |
| $ | 670.8 |
| $ | 669.5 |
| $ | 677.2 |
|
| Mid-Atlantic | 779 |
| 871 |
| 965 |
| 784 |
| | 525.6 |
| 588.5 |
| 642.6 |
| 535.3 |
| | $ | 674.8 |
| $ | 675.7 |
| $ | 665.9 |
| $ | 682.7 |
|
| South | 944 |
| 1,035 |
| 1,067 |
| 1,048 |
| | 756.9 |
| 802.8 |
| 815.2 |
| 757.3 |
| | $ | 801.8 |
| $ | 775.6 |
| $ | 764.0 |
| $ | 722.6 |
|
| Mountain | 1,185 |
| 1,369 |
| 1,554 |
| 1,606 |
| | 838.8 |
| 958.8 |
| 1,081.5 |
| 1,150.9 |
| | $ | 707.9 |
| $ | 700.4 |
| $ | 695.9 |
| $ | 716.6 |
|
| Pacific | 1,205 |
| 1,213 |
| 1,209 |
| 974 |
| | 1,942.7 |
| 1,919.4 |
| 1,879.7 |
| 1,484.4 |
| | $ | 1,612.2 |
| $ | 1,582.3 |
| $ | 1,554.8 |
| $ | 1,524.0 |
|
| Traditional Home Building | 5,829 |
| 6,373 |
| 6,745 |
| 6,154 |
| | 5,218.0 |
| 5,534.0 |
| 5,724.4 |
| 5,107.5 |
| | $ | 895.2 |
| $ | 868.4 |
| $ | 848.7 |
| $ | 829.9 |
|
| City Living | 125 |
| 94 |
| 94 |
| 112 |
| | 148.7 |
| 127.7 |
| 119.7 |
| 149.6 |
| | $ | 1,189.4 |
| $ | 1,358.4 |
| $ | 1,272.9 |
| $ | 1,335.6 |
|
| Total consolidated | 5,954 |
| 6,467 |
| 6,839 |
| 6,266 |
| | $ | 5,366.7 |
| $ | 5,661.7 |
| $ | 5,844.1 |
| $ | 5,257.1 |
| | $ | 901.4 |
| $ | 875.5 |
| $ | 854.5 |
| $ | 839.0 |
|
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Fiscal 2018 |
| | Backlog Units | | Backlog Value ($ Millions) | | Average Backlog Price Per Unit ($ Thousands) |
| | Q1 | Q2 | Q3 | Q4 | | Q1 | Q2 | Q3 | Q4 | | Q1 | Q2 | Q3 | Q4 |
| Traditional Home Building: | | | | | | | | | | | | | | |
| North | 1,794 |
| 1,899 |
| 1,936 |
| 1,698 |
| | $ | 1,235.8 |
| $ | 1,306.7 |
| $ | 1,323.5 |
| $ | 1,150.1 |
| | $ | 688.9 |
| $ | 688.1 |
| $ | 683.6 |
| $ | 677.3 |
|
| Mid-Atlantic | 798 |
| 894 |
| 867 |
| 737 |
| | 507.8 |
| 569.5 |
| 563.8 |
| 500.1 |
| | $ | 636.3 |
| $ | 637.0 |
| $ | 650.3 |
| $ | 678.6 |
|
| South | 959 |
| 1,080 |
| 1,089 |
| 971 |
| | 766.0 |
| 851.3 |
| 864.6 |
| 780.3 |
| | $ | 798.7 |
| $ | 788.2 |
| $ | 794.0 |
| $ | 803.6 |
|
| Mountain | 1,208 |
| 1,309 |
| 1,336 |
| 1,220 |
| | 777.4 |
| 840.5 |
| 875.3 |
| 823.8 |
| | $ | 643.5 |
| $ | 642.1 |
| $ | 655.1 |
| $ | 675.3 |
|
| Pacific | 1,356 |
| 1,677 |
| 1,681 |
| 1,313 |
| | 2,124.4 |
| 2,619.9 |
| 2,649.3 |
| 2,090.6 |
| | $ | 1,566.7 |
| $ | 1,562.2 |
| $ | 1,576.0 |
| $ | 1,592.2 |
|
| Traditional Home Building | 6,115 |
| 6,859 |
| 6,909 |
| 5,939 |
| | 5,411.4 |
| 6,187.9 |
| 6,276.5 |
| 5,344.9 |
| | $ | 884.9 |
| $ | 902.2 |
| $ | 908.5 |
| $ | 900.0 |
|
| City Living | 135 |
| 171 |
| 191 |
| 166 |
| | 165.1 |
| 172.5 |
| 202.6 |
| 177.6 |
| | $ | 1,222.6 |
| $ | 1,009.0 |
| $ | 1,060.7 |
| $ | 1,069.7 |
|
| Total consolidated | 6,250 |
| 7,030 |
| 7,100 |
| 6,105 |
| | $ | 5,576.5 |
| $ | 6,360.4 |
| $ | 6,479.1 |
| $ | 5,522.5 |
| | $ | 892.2 |
| $ | 904.8 |
| $ | 912.6 |
| $ | 904.6 |
|
Income (Loss) Before Income Taxes ($ amounts in millions):
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Fiscal 2019 | | Fiscal 2018 |
| | Q1 | Q2 | Q3 | Q4 | FY | | Q1 | Q2 | Q3 | Q4 | FY |
| Traditional Home Building: | | | | | | | | | | | |
| North | $ | 15.1 |
| $ | 7.3 |
| $ | 25.2 |
| $ | 33.9 |
| $ | 81.5 |
| | $ | 6.0 |
| $ | 12.0 |
| $ | 30.6 |
| $ | 49.7 |
| $ | 98.3 |
|
| Mid-Atlantic | 7.1 |
| 10.4 |
| 12.0 |
| 21.2 |
| 50.7 |
| | 10.9 |
| 13.1 |
| 13.8 |
| 21.4 |
| 59.2 |
|
| South | 15.7 |
| 28.6 |
| 24.4 |
| 37.4 |
| 106.1 |
| | 9.5 |
| 24.1 |
| 32.2 |
| 34.1 |
| 99.9 |
|
| Mountain | 25.6 |
| 27.4 |
| 32.2 |
| 27.8 |
| 113.0 |
| | 21.8 |
| 33.1 |
| 37.5 |
| 43.9 |
| 136.3 |
|
| Pacific | 91.6 |
| 123.0 |
| 121.8 |
| 173.3 |
| 509.7 |
| | 69.7 |
| 100.6 |
| 162.9 |
| 238.1 |
| 571.3 |
|
| Traditional Home Building | 155.1 |
| 196.7 |
| 215.6 |
| 293.6 |
| 861.0 |
| | 117.9 |
| 182.9 |
| 277.0 |
| 387.2 |
| 965.0 |
|
| City Living | 14.6 |
| 25.9 |
| 19.1 |
| 10.5 |
| 70.1 |
| | 30.0 |
| 16.7 |
| 13.6 |
| 17.8 |
| 78.1 |
|
| Corporate and other | (18.3 | ) | (46.4 | ) | (47.8 | ) | (31.4 | ) | (143.9 | ) | | (16.3 | ) | (46.9 | ) | (37.5 | ) | (8.5 | ) | (109.2 | ) |
| Total consolidated | $ | 151.4 |
| $ | 176.2 |
| $ | 186.9 |
| $ | 272.7 |
| $ | 787.2 |
| | $ | 131.6 |
| $ | 152.7 |
| $ | 253.1 |
| $ | 396.5 |
| $ | 933.9 |
|
Home Sales Cost of Revenues as a Percentage of Home Sales Revenues:
|
| | | | | | | | | | | | | | | | | | | | | |
| | Fiscal 2019 | | Fiscal 2018 |
| | Q1 | Q2 | Q3 | Q4 | FY | | Q1 | Q2 | Q3 | Q4 | FY |
| Traditional Home Building: | | | | | | | | | | | |
| North | 83.7 | % | 89.5 | % | 84.3 | % | 86.7 | % | 86.2 | % | | 86.4 | % | 88.9 | % | 85.0 | % | 84.8 | % | 86.0 | % |
| Mid-Atlantic | 83.9 | % | 85.7 | % | 86.8 | % | 85.7 | % | 85.7 | % | | 82.5 | % | 84.3 | % | 86.1 | % | 84.3 | % | 84.5 | % |
| South | 84.1 | % | 82.7 | % | 83.4 | % | 83.4 | % | 83.4 | % | | 85.1 | % | 82.2 | % | 81.3 | % | 82.9 | % | 82.7 | % |
| Mountain | 78.8 | % | 81.1 | % | 79.8 | % | 82.5 | % | 80.7 | % | | 80.4 | % | 81.0 | % | 79.9 | % | 80.1 | % | 80.3 | % |
| Pacific | 73.2 | % | 73.7 | % | 73.7 | % | 75.0 | % | 74.0 | % | | 72.6 | % | 74.2 | % | 72.0 | % | 72.4 | % | 72.7 | % |
| City Living | 76.1 | % | 65.6 | % | 70.6 | % | 72.1 | % | 70.6 | % | | 73.2 | % | 81.1 | % | 73.3 | % | 71.9 | % | 75.2 | % |
| Total consolidated | 79.0 | % | 80.3 | % | 79.8 | % | 81.2 | % | 80.2 | % | | 79.5 | % | 81.2 | % | 78.9 | % | 78.6 | % | 79.4 | % |
