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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 2,602,372 $ 2,617,317 $ 1,946,320
Adjustments to reconcile net income to net cash from operating activities:      
Deferred income tax expense 104,266 106,584 59,168
Land-related charges 43,115 66,656 12,302
(Gain) loss on debt retirement (663) 0 61,469
Depreciation and amortization 80,824 70,918 69,953
Equity income from unconsolidated entities (4,561) (50,680) (17,200)
Distributions of earnings from unconsolidated entities 4,564 49,151 2,110
Share-based compensation expense 48,200 42,989 36,745
Other, net (758) 1,431 1,586
Increase (decrease) in cash due to:      
Inventories (354,016) (2,256,690) (1,266,398)
Residential mortgage loans available-for-sale 160,934 266,310 (382,813)
Other assets (290,631) (140,761) (159,906)
Accounts payable, accrued and other liabilities (196,884) (104,759) 640,685
Net cash provided by operating activities 2,196,762 668,466 1,004,021 Close
Cash flows from investing activities:      
Capital expenditures (92,201) (112,661) (72,781)
Investments in unconsolidated entities (23,403) (64,701) (101,591)
Distributions of capital from unconsolidated entities 3,265 21,704 53,927
Business acquisition 0 (10,400) (10,400)
Other investing activities, net (16,756) (5,685) 6,713
Net cash used in investing activities (129,095) (171,743) (124,132) Close
Cash flows from financing activities:      
Repayments of notes payable (123,290) (4,856) (836,893)
Borrowings under revolving credit facility 0 2,869,000 0
Repayments under revolving credit facility 0 (2,869,000) 0
Financial Services borrowings (repayments), net (87,084) (39,412) 214,302
Debt issuance costs (1,572) (11,167) 0
Proceeds from liabilities related to consolidated inventory not owned 129,656 58,729 0
Payments related to consolidated inventory not owned 76,303 5,915 0
Stock option exercises 0 0 11
Share repurchases (1,000,000) (1,074,673) (897,303)
Cash paid for shares withheld for taxes (11,991) (14,326) (10,842)
Dividends paid (142,459) (144,115) (147,834)
Net cash used in financing activities (1,313,043) (1,235,735) (1,678,559) Close
Net increase (decrease) 754,624 (739,012) (798,670) Close
Cash, cash equivalents, and restricted cash at beginning of period 1,094,553 1,833,565 2,632,235
Cash, cash equivalents, and restricted cash at end of period 1,849,177 1,094,553 1,833,565
Supplemental Cash Flow Information:      
Interest paid (capitalized), net 10,786 1,797 10,856
Income taxes paid, net $ 784,453 $ 641,948 $ 457,406