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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 1,891,379 $ 1,735,086
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 132,389 43,485
Land-related charges 16,978 32,475
Gain on debt retirement (362) 0
Depreciation and amortization 59,765 51,934
Equity income from unconsolidated entities (4,348) (2,390)
Distributions of income from unconsolidated entities 4,564 1,278
Share-based compensation expense 38,401 39,520
Other, net (501) 952
Increase (decrease) in cash due to:    
Inventories (173,377) (2,706,142)
Residential mortgage loans available-for-sale 262,637 507,861
Other assets (142,131) (127,173)
Accounts payable, accrued and other liabilities (177,050) 119,189
Net cash provided by (used in) operating activities 1,908,344 (303,925) Close
Cash flows from investing activities:    
Capital expenditures (67,561) (88,585)
Investments in unconsolidated entities (18,059) (58,154)
Distributions of capital from unconsolidated entities 2,316 3,413
Business acquisition 0 (10,400)
Other investing activities, net (11,727) (964)
Net cash used in investing activities (95,031) (154,690) Close
Cash flows from financing activities:    
Repayments of notes payable (86,794) (4,856)
Borrowings under revolving credit facility 0 1,925,000
Repayments under revolving credit facility 0 (1,606,000)
Financial Services repayments, net (161,254) (287,933)
Debt issuance costs (1,500) (11,167)
Proceeds from liabilities related to consolidated inventory not owned 108,707 0
Payments related to consolidated inventory not owned (49,379) 0
Share repurchases (700,000) (974,673)
Cash paid for shares withheld for taxes (10,409) (14,326)
Dividends paid (107,676) (109,597)
Net cash used in financing activities (1,008,305) (1,083,552) Close
Net increase (decrease) in cash, cash equivalents, and restricted cash 805,008 (1,542,167) Close
Cash, cash equivalents, and restricted cash at beginning of period 1,094,553 1,833,565
Cash, cash equivalents, and restricted cash at end of period 1,899,561 291,398
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 11,048 5,642
Income taxes paid (refunded), net $ 546,871 $ 493,559