Net income available to common stockholders during the third quarter was $9.5 million, or $0.24 per
diluted share, based on 39.2 million fully diluted shares. Adjusted net income was $16.1 million, or $0.41 per diluted share.
Our land
acquisition spend for the third quarter was $85.5 million, including land acquisition and horizontal development costs. At the end of the quarter our total lots owned and controlled were 29,242. Option lots accounted for 40% of our total lot
inventory.
Now turning to our balance sheet.
We ended the
quarter with $2.3 billion in owned real estate inventories, $3 billion in total assets, and total equity of $1 billion.
At the end of the
quarter our total liquidity was approximately $248 million, including our cash balance and the availability under our revolving credit facility.
Our
total debt to book capitalization was 57.7% at the end of the quarter, and our net debt to net book capitalization was 56.9%.
Now, Ill turn it back to Matt for closing remarks.
Matt Zaist: Thanks Colin.
This concludes our call
today. I would like to thank all of you for joining. I would also like to thank all of you who have followed William Lyon Homes over the past 6 years. We look forward to updating you on the proposed transaction. Have a great day, good bye. Adios.
Forward-Looking Statements
Some of the statements
in this communication are forward-looking statements (or forward-looking information) within the meaning of applicable U.S. securities laws. These include statements using the words believe, target, outlook,
may, will, should, could, estimate, continue, expect, intend, plan, predict, potential, project,
intend, estimate, aim, on track, target, opportunity, tentative, positioning, designed, create, seek,
would, upside, increases, goal, guidance and anticipate, and similar statements and the negative of such words and phrases, which do not describe the present or provide
information about the past. There is no guarantee that the expected events or expected results will actually occur. Such statements reflect the current views of management of William Lyon Homes, a Delaware corporation (William Lyon
Homes), or Taylor Morrison Home Corporation, a Delaware corporation (Taylor Morrison), and are subject to a number of risks and uncertainties. These statements are based on many assumptions and factors, including
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