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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 2,170,023 $ 1,891,379
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 116,013 132,389
Land-related charges 19,929 16,978
Depreciation and amortization 64,975 59,765
Equity income from unconsolidated entities (42,577) (4,348)
Distributions of income from unconsolidated entities 2,557 4,564
Share-based compensation expense 39,247 38,401
Other, net (74) (863)
Increase (decrease) in cash due to:    
Inventories (805,331) (173,377)
Residential mortgage loans available-for-sale (45,184) 262,637
Other assets (366,279) (142,131)
Accounts payable, accrued and other liabilities (40,115) (177,050)
Net cash provided by operating activities 1,113,184 1,908,344 Close
Cash flows from investing activities:    
Capital expenditures (94,065) (67,561)
Investments in unconsolidated entities (15,105) (18,059)
Distributions of capital from unconsolidated entities 9,017 2,316
Other investing activities, net (8,197) (11,727)
Net cash used in investing activities (108,350) (95,031) Close
Cash flows from financing activities:    
Repayments of notes payable (350,453) (86,794)
Financial Services borrowings (repayments), net 24,465 (161,254)
Debt issuance costs 0 (1,500)
Proceeds from liabilities related to consolidated inventory not owned 46,256 108,707
Payments related to consolidated inventory not owned (94,121) (49,379)
Share repurchases (879,999) (700,000)
Cash paid for shares withheld for taxes (18,463) (10,409)
Dividends paid (126,560) (107,676)
Net cash used in financing activities (1,398,875) (1,008,305) Close
Net increase (decrease) in cash, cash equivalents, and restricted cash (394,041) 805,008 Close
Cash, cash equivalents, and restricted cash at beginning of period 1,849,177 1,094,553
Cash, cash equivalents, and restricted cash at end of period 1,455,136 1,899,561
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 20,144 11,048
Income taxes paid (refunded), net $ 546,344 $ 546,871