XML 16 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 407,798 $ 494,841
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 51,458 126,991
Land-related charges 6,810 5,841
Depreciation and amortization 26,497 24,161
Share-based compensation expense 17,304 16,162
Other, net 2,664 (2,803)
Increase (decrease) in cash due to:    
Inventories (399,520) (281,362)
Residential mortgage loans available-for-sale 116,974 199,623
Other assets 31,593 15,822
Accounts payable, accrued and other liabilities 44,132 (51,694)
Net cash provided by (used in) operating activities 305,710 547,582
Cash flows from investing activities:    
Capital expenditures (29,575) (33,059)
Investments in unconsolidated entities (4,664) (1,000)
Business acquisition (163,724) 0
Other investing activities, net 4,592 6,915
Net cash provided by (used in) investing activities (193,371) (27,144)
Cash flows from financing activities:    
Repayments of notes payable (297,303) (82,432)
Borrowings under revolving credit facility 0 1,566,000
Repayments under revolving credit facility 0 (1,566,000)
Financial Services borrowings (repayments) (114,226) (173,761)
Debt issuance costs 0 (8,090)
Stock option exercises 5,208 4,467
Share repurchases (118,824) (112,491)
Dividends paid (61,620) (52,384)
Net cash provided by (used in) financing activities (586,765) (424,691)
Net increase (decrease) in cash, cash equivalents, and restricted cash (474,426) 95,747
Cash, cash equivalents, and restricted cash at beginning of period 1,133,700 306,168
Cash, cash equivalents, and restricted cash at end of period 659,274 401,915
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 5,560 (387)
Income taxes paid (refunded), net $ 12,618 $ 77,077