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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
May 31, 2014
May 31, 2013
Cash flows from operating activities:    
Net loss $ (37,187) $ 15,431
Adjustments to reconcile net loss to net cash used in operating activities:    
Equity in income (loss) of unconsolidated joint venture (1,900) (85)
Distributions of earnings from unconsolidated joint ventures 0 1,638
Amortization of discounts and issuance costs 3,360 2,387
Depreciation and amortization 1,026 940
Stock-based compensation 3,725 2,044
Land Option Contract Abandonment Charges 790 284
Change in assets and liabilities:    
Receivables (22,710) (405)
Inventories (579,173) (290,661)
Accounts payable, accrued expenses and other liabilities 8,083 32,210
Other, net (4,917) (521)
Net cash used in operating activities (554,529) (267,600)
Cash flows from investing activities:    
Return of investments in (contributions to) unconsolidated joint ventures (16,242) (5,651)
Proceeds from Sale of Equity Method Investments 10,110 0
Purchases of property and equipment, net (3,012) (752)
Net cash provided by (used in) investing activities (9,144) (6,403)
Cash flows from financing activities:    
Change in restricted cash (2,331) 40
Proceeds from issuance of debt 400,000 230,000
Payment of debt issuance costs (5,448) (10,086)
Payments on mortgages and land contracts due to land sellers and other loans (6,476) (37,830)
Proceeds from issuance of common stock, net 137,045 109,503
Issuance of common stock under employee stock plans 64 2,106
Payments of cash dividends (4,388) (4,179)
Payments for Repurchase of Common Stock (46) (33)
Net cash provided by (used in) financing activities 518,420 289,521
Net increase (decrease) in cash and cash equivalents (45,253) 15,518
Cash and cash equivalents at beginning of period 532,523 525,688
Cash and cash equivalents at end of period $ 487,270 $ 541,206