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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 613,811 $ 724,488
Restricted cash 765 2,147
Total cash, cash equivalents, and restricted cash 614,576 726,635
Real estate inventory:    
Owned inventory 5,479,987 5,346,905
Consolidated real estate not owned 423 23,971
Total real estate inventory 5,480,410 5,370,876
Land deposits 206,258 263,356
Mortgage loans held for sale 241,749 346,364
Lease right of use assets 76,463 90,446
Prepaid expenses and other assets, net 305,581 265,392
Other receivables, net 188,723 191,504
Investments in unconsolidated entities 329,634 282,900
Deferred tax assets, net 67,656 67,656
Property and equipment, net 262,671 202,398
Goodwill 663,197 663,197
Total assets 8,436,918 8,470,724
Liabilities    
Accounts payable 272,830 269,761
Accrued expenses and other liabilities 487,262 490,253
Lease liabilities 86,401 100,174
Customer deposits 380,544 412,092
Estimated development liabilities 42,271 43,753
Senior notes, net 1,468,255 1,816,303
Loans payable and other borrowings 332,177 361,486
Revolving credit facility borrowings 0 0
Mortgage warehouse borrowings 191,645 306,072
Liabilities attributable to consolidated real estate not owned 423 23,971
Total liabilities 3,261,808 3,823,865
COMMITMENTS AND CONTINGENCIES (Note 13)
Stockholders' equity    
Total stockholders’ equity 5,175,110 4,646,859
Total liabilities and stockholders’ equity $ 8,436,918 $ 8,470,724