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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 306,675,000 $ 313,997,000 $ 204,381,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 3,545,000 2,367,000 2,744,000
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property 207,000 (377,000) 150,000
Share-based compensation expense 6,753,000 3,477,000 3,078,000
Deferred income taxes, net 1,142,000 (707,000) (365,000)
Income (Loss) from Equity Method Investments (16,742,000) (25,626,000) (19,713,000)
Allowances For Option Deposits And Pre-Acquisition Costs 64,000 966,000 223,000
Distributions of income from unconsolidated entities 11,859,000 11,483,000 10,548,000
Changes in operating assets and liabilities:      
(Increase) decrease in receivables (5,344,000) 1,583,000 (1,647,000)
Increase in inventory (109,243,000) (217,598,000) (358,270,000)
Decrease (increase) in earnest money deposits 7,290,000 2,021,000 (3,772,000)
(Increase) decrease in other assets (14,875,000) (1,550,000) 2,054,000
Increase in accounts payable 2,517,000 6,122,000 21,161,000
Increase in accrued expenses 5,459,000 30,017,000 20,935,000
Payment for Contingent Consideration Liability, Operating Activities 0 0 (368,000)
Increase (Decrease) in Contract with Customer, Liability 14,035,000 (35,498,000) 26,479,000
Net cash provided by (used in) operating activities 213,342,000 90,677,000 (92,382,000)
Cash flows from investing activities:      
Investments in unconsolidated entities (5,547,000) (4,465,000) (8,000)
Purchase of property and equipment, net of disposals (7,802,000) (2,012,000) (2,025,000)
Net cash used in investing activities (13,349,000) (6,477,000) (2,033,000)
Cash flows from financing activities:      
Borrowings from lines of credit 22,000,000 420,000,000 749,800,000
Proceeds from Issuance of Senior Long-term Debt 0 0 225,000,000
Payments of Debt Issuance Costs (638,000) (829,000) (2,901,000)
Repayments of lines of credit (42,000,000) (402,000,000) (855,800,000)
Proceeds from Notes Payable 63,000 14,472,000 209,000
Repayments of notes payable (1,704,000) (60,000) (2,124,000)
Payments of withholding tax on vesting of restricted stock awards (1,977,000) (1,074,000) (834,000)
Payments for Repurchase of Common Stock (45,777,000) (101,463,000) 0
Proceeds from Issuance of Preferred Stock and Preference Stock 0 0 47,696,000
Distributions to noncontrolling interests (19,056,000) (10,718,000) (6,606,000)
Proceeds from (Payments for) Other Financing Activities (1,840,000) 0 (106,000)
Net cash (used in) provided by financing activities (93,804,000) (84,484,000) 154,334,000
Payments of Dividends (2,875,000) (2,812,000) 0
Net increase (decrease) in cash and cash equivalents and restricted cash 106,189,000 (284,000) 59,919,000
Restricted Cash 19,703,000 16,682,000  
Cash and restricted cash 199,459,000 93,270,000 93,554,000
Supplemental disclosure of cash flow information:      
Cash paid for income taxes, net of refunds $ 90,535,000 $ 85,445,000 $ 47,288,000