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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Accounts receivable due from Parent $ 22,190 $ 0
Inventories:    
Housing completed or under construction 2,118,331 1,881,268
Land and land under development 1,223,504 1,419,778
Total inventories 3,341,835 3,301,046
Total Assets 5,071,220 5,631,085
LIABILITIES AND EQUITY    
Total Liabilities 2,241,132 2,253,200
Stockholders' Equity    
Common stock, $0.01 par value; 150 and 250,000,000 shares authorized; 100 and 74,661,479 issued and outstanding at June 30, 2024 and December 31, 2023, respectively 0 747
Additional paid-in-capital 1,197,734 1,824,434
Retained earnings 1,632,330 1,552,653
Accumulated other comprehensive income 24 51
Total Stockholders' Equity 2,830,088 3,377,885
Total Liabilities and Stockholders' Equity 5,071,220 5,631,085
Homebuilding:    
ASSETS    
Cash and cash equivalents 834,692 1,475,964
Restricted cash 2,641 4,094
Trade and other receivables 100,127 119,004
Inventories:    
Housing completed or under construction 2,118,331 1,881,268
Land and land under development 1,223,504 1,419,778
Total inventories 3,341,835 3,301,046
Property and equipment, net 73,270 82,218
Deferred tax asset, net 26,264 38,830
Prepaids and other assets 82,026 76,036
Total Assets 4,483,045 5,097,192
LIABILITIES AND EQUITY    
Accounts payable 142,229 114,852
Accrued and other liabilities 270,198 326,478
Revolving credit facility 1,000 10,000
Senior notes, net 1,483,831 1,483,404
Total Liabilities 1,897,258 1,934,734
Financial Services:    
ASSETS    
Cash and cash equivalents 83,444 162,839
Inventories:    
Marketable securities 177,763 78,250
Mortgage loans held-for-sale, net 296,055 258,212
Other assets 30,913 34,592
Total Assets 588,175 533,893
LIABILITIES AND EQUITY    
Accounts payable and accrued liabilities 119,792 113,485
Mortgage repurchase facility 224,082 204,981
Total Liabilities $ 343,874 $ 318,466