XML 17 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 91,518 $ 83,300
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 39,226 50,026
Depreciation and amortization 13,209 13,113
Share-based compensation expense 14,161 9,355
Other, net 4,090 4,447
Increase (decrease) in cash due to:    
Inventories (267,014) (381,910)
Residential mortgage loans available-for-sale 194,117 151,886
Other assets 21,858 (25,133)
Accounts payable, accrued and other liabilities (71,362) 31,999
Net cash provided by (used in) operating activities 39,803 (62,917)
Cash flows from investing activities:    
Capital expenditures (9,996) (9,460)
Investment in unconsolidated subsidiaries (14,802) (13,534)
Cash used for business acquisition 0 (430,011)
Other investing activities, net 1,423 1,253
Net cash used in investing activities (23,375) (451,752)
Cash flows from financing activities:    
Proceeds from debt issuance 0 991,575
Repayments of debt (1,067) (702)
Borrowings under revolving credit facility 0 220,000
Repayments under revolving credit facility 0 (220,000)
Financial Services borrowings (repayments) (191,240) (149,263)
Stock option exercises 11,118 52
Share repurchases (105,522) (52,745)
Dividends paid (29,102) (31,568)
Net cash provided by (used in) financing activities (315,813) 757,349
Net increase (decrease) (299,385) 242,680
Cash, cash equivalents, and restricted cash at beginning of period 723,248 775,435
Cash, cash equivalents, and restricted cash at end of period 423,863 1,018,115
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 12,830 (23,124)
Income taxes paid (refunded), net $ 1,043 $ 1,212