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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 968,728 $ 680,902
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 89,492 83,752
Land-related charges 13,930 17,549
Goodwill impairment 20,190 0
Depreciation and amortization 48,536 40,302
Share-based compensation expense 25,010 21,389
Other, net (1,136) 2,567
Increase (decrease) in cash due to:    
Inventories 84,253 (427,183)
Residential mortgage loans available-for-sale 108,178 76,813
Other assets (15,627) 4,146
Accounts payable, accrued and other liabilities (72,929) 82,543
Net cash provided by (used in) operating activities 1,268,625 582,780
Cash flows from investing activities:    
Capital expenditures (46,925) (43,162)
Investments in unconsolidated entities (663) (8,515)
Distributions from unconsolidated entities 19,939 214
Business acquisition (83,251) (163,724)
Other investing activities, net 1,721 4,795
Cash flows from financing activities:    
Repayments of notes payable (10,993) (297,411)
Borrowings under revolving credit facility 700,000 0
Repayments under revolving credit facility (700,000) 0
Financial Services borrowings (repayments) (77,527) (99,052)
Stock option exercises 111 6,368
Share repurchases (95,676) (244,388)
Cash paid for shares withheld for taxes (14,853) (10,726)
Dividends paid (97,756) (92,235)
Net cash provided by (used in) financing activities (296,694) (737,444)
Net increase (decrease) in cash, cash equivalents, and restricted cash 862,752 (365,056)
Cash, cash equivalents, and restricted cash at beginning of period 1,251,456 1,133,700
Cash, cash equivalents, and restricted cash at end of period 2,114,208 768,644
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 16,297 19,569
Income taxes paid (refunded), net $ 195,494 $ 60,329