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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 206,072 $ 149,205
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 2,375 1,584
Loss (gain) on disposal of property and equipment, net 71 (146)
Share-based compensation expense 7,144 5,966
Equity in income of unconsolidated entities (3,778) (9,920)
Allowances for option deposits and pre-acquisition costs 12 47
Equity Method Investment, Realized Gain (Loss) on Disposal (10,718)  
Distributions of income from unconsolidated entities 2,121 7,324
Changes in operating assets and liabilities:    
Increase in receivables (4,071) (1,769)
(Increase) decrease in inventory (258,236) 18,938
Decrease in earnest money deposits 2,090 7,773
Decrease in other assets 10,589 888
Increase in accounts payable 13,657 5,660
Increase in accrued expenses 29,683 10,479
Increase in customer and builder deposits 6,168 14,139
Net cash provided by operating activities 3,179 210,168
Proceeds from Sale of Equity Method Investments 63,960  
Cash flows from investing activities:    
Investments in unconsolidated entities (3,488) (4,980)
Purchase of property and equipment, net of disposals (2,324) (2,852)
Net cash provided by (used in) investing activities 58,148 (7,832)
Cash flows from financing activities:    
Borrowings from lines of credit 0 22,000
Repayments of lines of credit 0 (42,000)
Repayments of Unsecured Debt (25,000) 0
Proceeds from notes payable 0 63
Repayments of notes payable (12,884) (95)
Payments of debt issuance costs 0 (72)
Payments of withholding tax on vesting of restricted stock awards (11,276) (1,975)
Repurchases of common stock (42,590) (27,991)
Dividends paid (1,438) (1,438)
Distributions to redeemable noncontrolling interest (2,637) (1,840)
Distributions to noncontrolling interests (6,785) (11,056)
Net cash used in financing activities (102,610) (64,404)
Net (decrease) increase in cash and cash equivalents and restricted cash (41,283) 137,932
Cash and cash equivalents and restricted cash, beginning of period 199,459 93,270
Cash and cash equivalents and restricted cash, end of period 158,176 231,202
Supplemental Cash Flow Information [Abstract]    
Income Taxes Paid, Net $ 27,716 $ 39,071