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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 22,714 $ 5,958
Adjustments:    
Depreciation, depletion and amortization 2,862 7,268
Change in deferred income taxes 45 (45)
Equity in earnings of unconsolidated ventures (9,109) (235)
Distributions of earnings of unconsolidated ventures 12,036 2,067
Share-based compensation 2,259 1,716
Real estate cost of sales 28,438 33,836
Real estate development and acquisition expenditures, net (25,623) (33,066)
Reimbursements from utility and improvement districts 4,671 306
Asset impairments 37,900 49,438
Loss on extinguishment of debt, net 0 35,864
Gain on sale of assets (103,821) (106,658)
Other 2,135 3,402
Changes in:    
Notes and accounts receivable 912 18,849
Prepaid expenses and other (267) 1,080
Accounts payable and other accrued liabilities (6,135) (16,069)
Income taxes 19,626 8,828
Net cash provided by (used for) operating activities (11,357) 12,539
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property, equipment, software and other (41) (5,639)
Oil and gas properties and equipment (2,400) (567)
Investment in unconsolidated ventures (3,617) (4,658)
Proceeds from sales of assets 130,011 318,480
Return of investment in unconsolidated ventures 2,906 1,914
Net cash provided by investing activities 126,859 309,530
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of debt 0 (307,491)
Additions to debt 770 1,462
Deferred financing fees (148) 0
Distributions to noncontrolling interests, net (100) (1,108)
Exercise of stock options 548 0
Repurchases of common stock 0 (3,537)
Payroll taxes on issuance of stock-based awards (980) (205)
Other 0 (211)
Net cash provided by (used for) financing activities 90 (311,090)
Net increase in cash and cash equivalents 115,592 10,979
Cash and cash equivalents at beginning of period 265,798 96,442
Cash and cash equivalents at end of period $ 381,390 $ 107,421