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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 301,970 $ 226,316
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 3,624 2,442
Loss (gain) on disposal of property and equipment, net 75 (70)
Share-based compensation expense 7,715 6,333
Equity in income of unconsolidated entities (4,770) (11,265)
Allowances for option deposits and pre-acquisition costs 185 54
Equity Method Investment, Realized Gain (Loss) on Disposal (10,718)  
Distributions of income from unconsolidated entities 2,664 10,489
Changes in operating assets and liabilities:    
Increase in receivables (697) (4,667)
Increase in inventory (383,927) (38,602)
Decrease in earnest money deposits 2,750 5,697
Increase in other assets (6,275) (6,835)
Increase in accounts payable 13,026 4,761
Increase in accrued expenses 69,438 19,920
Increase in customer and builder deposits 1,918 18,126
Net cash (used in) provided by operating activities (3,022) 232,699
Proceeds from Sale of Equity Method Investments 63,960  
Cash flows from investing activities:    
Investments in unconsolidated entities (25,838) (5,210)
Purchase of property and equipment, net of disposals (3,482) (4,789)
Net cash provided by (used in) investing activities 34,640 (9,999)
Cash flows from financing activities:    
Borrowings from lines of credit 26,000 22,000
Repayments of lines of credit (26,000) (42,000)
Repayments of Unsecured Debt (37,500) 0
Proceeds from notes payable 0 63
Repayments of notes payable (12,981) (1,687)
Payments of debt issuance costs 0 (73)
Payments of withholding tax on vesting of restricted stock awards (11,335) (1,976)
Repurchases of common stock (48,035) (27,991)
Dividends paid (2,156) (2,156)
Proceeds from Issuance of Preferred Stock and Preference Stock   (93)
Distributions to redeemable noncontrolling interest (2,637) (1,840)
Distributions to noncontrolling interests (11,785) (14,056)
Net cash used in financing activities (126,429) (69,809)
Net (decrease) increase in cash and cash equivalents and restricted cash (94,811) 152,891
Cash and cash equivalents and restricted cash, beginning of period 199,459 93,270
Cash and cash equivalents and restricted cash, end of period 104,648 246,161
Supplemental Cash Flow Information [Abstract]    
Income Taxes Paid, Net $ 28,216 $ 65,802