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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 554,287 $ 798,568
Restricted cash 3,105 8,531
Total cash 557,392 807,099
Real estate inventory:    
Owned inventory 5,841,924 5,473,828
Consolidated real estate not owned 143,429 71,618
Total real estate inventory 5,985,353 5,545,446
Land deposits 199,043 203,217
Mortgage loans held for sale 216,633 193,344
Lease right of use assets 72,900 75,203
Prepaid expenses and other assets, net 287,507 290,925
Other receivables, net 189,771 184,518
Investments in unconsolidated entities 369,982 346,192
Deferred tax assets, net 67,825 67,825
Property and equipment, net 300,740 295,121
Goodwill 663,197 663,197
Total assets 8,910,343 8,672,087 Close
Liabilities    
Accounts payable 276,093 263,481
Accrued expenses and other liabilities 459,095 549,074
Lease liabilities 81,138 84,999
Income taxes payable 45,848 0
Customer deposits 357,657 326,087
Estimated development liabilities 27,416 27,440
Senior notes, net 1,469,135 1,468,695
Loans payable and other borrowings 441,190 394,943
Revolving credit facility borrowings 0 0
Mortgage warehouse borrowings 183,174 153,464
Liabilities attributable to consolidated real estate not owned 143,429 71,618
Total liabilities 3,484,175 3,339,801 Close
COMMITMENTS AND CONTINGENCIES (Note 13)
Stockholders’ equity    
Total stockholders’ equity 5,426,168 5,332,286 Close
Total liabilities and owners’ equity $ 8,910,343 $ 8,672,087