Standard Pacific Corp. (SPF)

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$SPF..For 2013, we generated homebuilding pretax income of $246.3 million compared to $67.6 million in 2012. This improvement was primarily the result
of a 40% increase in new home deliveries, an increase in gross margin from home sales, a $6.4 million decrease in interest expense and the operating leverage
inherent in our business.
For 2012, we generated homebuilding pretax income of $67.6 million compared to a pretax loss of $18.2 million in 2011. This improvement was
primarily the result of a 30% increase in new home deliveries, a $13.2 million decrease in asset impairment charges, an increase in gross margin from home
sales, an $18.8 million decrease in interest expense and our operating leverage.
Revenues
Homebuilding revenues for 2013 increased 55% from 2012 as a result of a 40% increase in new home deliveries and a 14% increase in our consolidated
average home price to $413 thousand, partially offset by a $31.1 million decrease in land sale revenues. Homebuilding revenues for 2012 increased 40% from
2011 as a result of a 30% increase in new home deliveries, a $45.8 million increase in land sale revenues and a 4% increase in our consolidated average home
price to $362 thousand.

New home deliveries increased 40% in 2013 as compared to the prior year, driven largely by a 106% increase in the number of homes in backlog at
the beginning of the year as compared to the year earlier period and a 22% increase in net new orders, partially offset by a decrease in speculative homes sold
and closed during the year. New home deliveries increased 30% in 2012 compared to 2011, driven largely by a 64% increase in the number of homes in
backlog at the beginning of the year as compared to the year earlier period and a 44% increase in net new orders.

10K 02/24/2014...http://phx.corporate-ir.net/phoenix.zhtml?c=95153&p=irol-sec