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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income (loss) $ 3,900 $ (15,600)
Adjustments:    
Depreciation and amortization 1,400 1,300
Deferred income taxes 1,400 (1,800)
Equity in earnings of unconsolidated ventures (600) (7,000)
Distributions of earnings of unconsolidated ventures 4,900 8,300
Share-based compensation 100 4,100
Asset impairments 400 9,300
Loss on debt extinguishment, net 0 600
Gain on sale of assets (900) 0
Changes in operating assets and liabilities:    
Increase in real estate (195,200) (41,300)
(Increase) decrease in other assets (1,300) 700
Increase in accounts payable and other accrued liabilities 3,100 2,000
Increase in earnest money deposits on sales contracts 18,800 0
(Increase) decrease in income tax receivable (100) 17,100
Net cash used in operating activities (164,100) (22,300)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property, equipment, software and other (100) 0
Investment in unconsolidated ventures 0 (100)
Return of investment in unconsolidated ventures 100 7,000
Net cash provided by investing activities 0 6,900
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of debt 0 (10,000)
Additions to debt 0 1,200
Deferred financing fees 0 (100)
Distributions to noncontrolling interests, net (500) (1,800)
Settlement of equity awards (100) (12,800)
Net cash used in financing activities (600) (23,500)
Net decrease in cash, cash equivalents and restricted cash (164,700) (38,900)
Cash, cash equivalents and restricted cash at beginning of period 335,000 401,900
Cash, cash equivalents and restricted cash at end of period $ 170,300 $ 363,000