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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Accounts receivable due from Parent $ 22,190 $ 0
Inventories:    
Housing completed or under construction 2,033,503 1,881,268
Land and land under development 1,354,088 1,419,778
Total inventories 3,387,591 3,301,046
Total Assets 5,105,701 5,631,085
LIABILITIES AND EQUITY    
Total Liabilities 2,183,355 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 September 30, 2024 and December 31, 2023, respectively 0 747
Additional paid-in-capital 1,197,734 1,824,434
Retained earnings 1,724,567 1,552,653
Accumulated other comprehensive income 45 51
Total Stockholders' Equity 2,922,346 3,377,885
Total Liabilities and Stockholders' Equity 5,105,701 5,631,085
Homebuilding:    
ASSETS    
Cash and cash equivalents 807,999 1,475,964
Restricted cash 1,522 4,094
Trade and other receivables 145,919 119,004
Inventories:    
Housing completed or under construction 2,033,503 1,881,268
Land and land under development 1,354,088 1,419,778
Total inventories 3,387,591 3,301,046
Property and equipment, net 69,774 82,218
Deferred tax asset, net 24,657 38,830
Prepaids and other assets 104,872 76,036
Total Assets 4,564,524 5,097,192
LIABILITIES AND EQUITY    
Accounts payable 120,570 114,852
Accrued and other liabilities 284,544 326,478
Revolving credit facility 1,000 10,000
Senior notes, net 1,484,048 1,483,404
Total Liabilities 1,890,162 1,934,734
Financial Services:    
ASSETS    
Cash and cash equivalents 191,206 162,839
Inventories:    
Marketable securities 89,628 78,250
Mortgage loans held-for-sale, net 230,740 258,212
Other assets 29,603 34,592
Total Assets 541,177 533,893
LIABILITIES AND EQUITY    
Accounts payable and accrued liabilities 121,972 113,485
Mortgage repurchase facility 171,221 204,981
Total Liabilities $ 293,193 $ 318,466