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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 1,016,700 $ 1,022,023 $ 447,221
Adjustments to reconcile net income to net cash from operating activities:      
Deferred income tax expense 105,438 362,777 422,307
Land-related charges 27,101 99,446 191,913
Depreciation and amortization 53,999 49,429 50,998
Share-based compensation expense 28,368 28,290 33,683
Loss on debt retirements 4,927 76 0
Other, net 1,155 (3,688) (1,789)
Increase (decrease) in cash due to:      
Inventories (237,741) (50,362) (569,030)
Residential mortgage loans available-for-sale (48,261) 107,330 (33,009)
Other assets (15,125) (64,174) 55,099
Accounts payable, accrued and other liabilities 140,984 (101,400) 65,687
Net cash provided by (used in) operating activities 1,077,545 1,449,747 663,080
Cash flows from investing activities:      
Capital expenditures (58,119) (59,039) (32,051)
Investments in unconsolidated entities (9,515) (1,000) (23,037)
Business acquisition (163,724) 0 0
Other investing activities, net 5,129 18,097 4,846
Net cash provided by (used in) investing activities (226,229) (41,942) (50,242)
Cash flows from financing activities:      
Debt issuance costs 0 (8,164) 0
Debt issuance costs     0
Repayments of notes payable (309,985) (82,775) (134,747)
Borrowings under revolving credit facility 0 1,566,000 2,720,000
Repayments under revolving credit facility 0 (1,566,000) (2,720,000)
Financial Services borrowings (repayments), net (21,841) (89,393) 106,183
Stock option exercises 6,399 6,555 27,720
Share repurchases (274,333) (294,566) (910,331)
Cash paid for shares withheld for taxes (11,450) (7,910) (5,995)
Dividends paid (122,350) (104,020) (112,748)
Net cash provided by (used in) financing activities (733,560) (580,273) (1,029,918)
Net increase (decrease) 117,756 827,532 (417,080)
Cash, cash equivalents, and restricted cash at beginning of period 1,133,700 306,168 723,248
Cash, cash equivalents, and restricted cash at end of period 1,251,456 1,133,700 306,168
Supplemental Cash Flow Information:      
Interest paid (capitalized), net 5,605 557 (942)
Income taxes paid, net $ 137,119 $ 89,204 $ 14,875