CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	6 Months Ended
	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income before allocation to non-controlling interests	$ 133,169	$ 106,824
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:
Equity in income of unconsolidated entities	(5,880)	(7,263)
Stock compensation expense	7,243	6,290
Loss on extinguishment of debt	2,196	0
Distributions of earnings from unconsolidated entities	6,316	3,298
Depreciation and amortization	14,354	11,306
Operating lease expense	4,377	0
Debt issuance costs/premium amortization	(181)	1,652
Contingent consideration	0	146
Deferred income taxes	0	246
Changes in operating assets and liabilities:
Real estate inventory and land deposits	(104,102)	(228,278)
Mortgages held for sale, prepaid expenses and other assets	54,185	74,094
Customer deposits	7,519	59,364
Accounts payable, accrued expenses and other liabilities	25,206	(27,119)
Income taxes payable	1,272	9,929
Net cash provided by operating activities	145,674	10,489
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(12,027)	(8,593)
Distributions of capital from unconsolidated entities	15,702	9,965
Investments of capital into unconsolidated entities	(5,115)	(3,368)
Net cash used in investing activities	(1,440)	(1,996)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in loans payable and other borrowings	5,147	18,304
Repayments of loans payable and other borrowings	(19,847)	(8,350)
Borrowings on revolving credit facility	95,000	0
Repayments on revolving credit facility	(95,000)	0
Borrowings on mortgage warehouse	489,694	311,880
Repayment on mortgage warehouse	(540,589)	(380,884)
Proceeds from the issuance of senior notes	493,909	0
Repayments on senior notes	(550,000)	0
Payment of contingent consideration	0	(265)
Proceeds from stock option exercises	1,905	1,588
Proceeds from issuance of shares from public offerings	0	767,116
TMHC repurchase and cancellation of New TMM Units from Former Principal Equityholders	0	(201,775)
Repurchase of shares from Former Principal Equityholders	0	(768,125)
Repurchase of common stock, net	(157,439)	0
Payment of taxes related to net share settlement of equity awards	(1,503)	(1,491)
Changes and distributions to non-controlling interests of consolidated joint ventures, net	857	(573)
Net cash used in financing activities	(277,866)	(262,575)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(133,632)	(254,082)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — Beginning of period	331,859	575,503
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — End of period	198,227	321,421
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid, net	(3,631)	(21,525)
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:
Change in loans payable issued to sellers in connection with land purchase contracts	53,237	24,279
Change in inventory not owned	15,205	(1,065)
Change in Prepaid expenses and other assets, net due to adoption of ASU 2014-09	0	(32,004)
Change in Property and equipment, net due to adoption of ASU 2014-09	0	32,004
Operating lease right of use assets	33,399
Beginning Operating lease right of use liabilities due to adoption of ASU 2016-02	$ 30,331	$ 0