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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 173,256 $ 206,072
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 2,487 2,375
(Gain) loss on disposal of property and equipment, net (8) 71
Share-based compensation expense 9,523 7,144
Equity in income of unconsolidated entities (984) (3,778)
Allowances for option deposits and pre-acquisition costs 3,229 12
Gain on Sale of Investments 0 (10,718)
Distributions of income from unconsolidated entities 3,424 2,121
Changes in operating assets and liabilities:    
Increase in receivables (28,139) (4,071)
Increase in inventory (38,572) (258,236)
(Increase) decrease in earnest money deposits (1,778) 2,090
Decrease in other assets 6,962 10,589
Increase in accounts payable 19,084 13,657
(Decrease) increase in accrued expenses (7,591) 29,683
Increase in customer and builder deposits 2,567 6,168
Net cash provided by operating activities 143,460 3,179
Proceeds from Sale of Equity Method Investments 0 63,960
Cash flows from investing activities:    
Investments in unconsolidated entities (24,200) (3,488)
Purchase of property and equipment, net of disposals (1,400) (2,324)
Net cash (used in) provided by investing activities (25,600) 58,148
Cash flows from financing activities:    
Borrowings from lines of credit 100,759 0
Repayments of lines of credit (121,565) 0
Repayments of Unsecured Debt (25,000) (25,000)
Repayments of notes payable 0 (12,884)
Payments of debt issuance costs (71) 0
Payments of withholding tax on vesting of restricted stock awards (3,059) (11,276)
Repurchases of common stock (60,736) (42,590)
Dividends paid (1,438) (1,438)
Distributions to redeemable noncontrolling interest (4,029) (2,637)
Distributions to noncontrolling interests (16,624) (6,785)
Net cash used in financing activities (131,763) (102,610)
Net decrease in cash and cash equivalents and restricted cash (13,903) (41,283)
Cash and cash equivalents and restricted cash, beginning of period 159,696 199,459
Cash and cash equivalents and restricted cash, end of period 145,793 158,176
Supplemental Cash Flow Information [Abstract]    
Income Taxes Paid, Net $ 35,546 $ 27,716