XML 20 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Other Receivables $ 22,190 $ 0
Inventories:    
Housing completed or under construction 2,116,229 1,881,268
Land and land under development 1,636,024 1,419,778
Total inventories 3,752,253 3,301,046
Property and equipment, net 67,855 82,218
Total Assets 5,170,642 5,631,085
LIABILITIES AND EQUITY    
Total Liabilities 2,220,901 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 December 31, 2024 and December 31, 2023, respectively 0 747
Additional paid-in-capital 1,197,734 1,824,434
Retained earnings 1,752,007 1,552,653
Accumulated other comprehensive income 0 51
Total Stockholders' Equity 2,949,741 3,377,885
Total Liabilities and Stockholders' Equity $ 5,170,642 5,631,085
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] Related Party  
Homebuilding:    
ASSETS    
Cash and cash equivalents $ 605,653 1,475,964
Restricted cash 1,222 4,094
Trade and other receivables 87,465 119,004
Inventories:    
Housing completed or under construction 2,116,229 1,881,268
Land and land under development 1,636,024 1,419,778
Total inventories 3,752,253 3,301,046
Property and equipment, net 67,855 82,218
Deferred tax assets, net 21,648 38,830
Prepaids and other assets 121,505 76,036
Total Assets 4,679,791 5,097,192
LIABILITIES AND EQUITY    
Accounts payable 121,152 114,852
Accrued and other liabilities 316,197 326,478
Revolving credit facility 0 10,000
Senior notes, net 1,484,267 1,483,404
Total Liabilities 1,921,616 1,934,734
Financial Services:    
ASSETS    
Cash and cash equivalents 232,217 162,839
Inventories:    
Marketable securities   78,250
Mortgage loans held-for-sale, net 236,806 258,212
Other assets 21,828 34,592
Total Assets 490,851 533,893
LIABILITIES AND EQUITY    
Accounts payable and accrued liabilities 121,667 113,485
Mortgage repurchase facility 177,618 204,981
Total Liabilities $ 299,285 $ 318,466