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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 1,406,839 $ 1,016,700 $ 1,022,023
Adjustments to reconcile net income to net cash from operating activities:      
Deferred income tax expense 137,598 105,438 362,777
Land-related charges 20,305 27,101 99,446
Goodwill impairment 20,190 0 0
Depreciation and amortization 66,081 53,999 49,429
Share-based compensation expense 32,843 28,368 28,290
Loss on debt retirements 0 4,927 76
Other, net (1,112) 1,155 (3,688)
Increase (decrease) in cash due to:      
Inventories 2,988 (237,741) (50,362)
Residential mortgage loans available-for-sale (56,732) (48,261) 107,330
Other assets (46,307) (16,668) (65,641)
Accounts payable, accrued and other liabilities 201,649 140,984 (101,400)
Net cash provided by operating activities 1,784,342 1,076,002 1,448,280
Cash flows from investing activities:      
Capital expenditures (58,354) (58,119) (59,039)
Investments in unconsolidated entities (753) (9,515) (1,000)
Distributions of capital from unconsolidated entities 27,939 214 11,275
Business acquisitions (83,251) (163,724) 0
Other investing activities, net 6,472 6,458 8,289
Net cash used in investing activities (107,947) (224,686) (40,475)
Cash flows from financing activities:      
Debt issuance costs 0 0 (8,164)
Repayments of notes payable (65,267) (309,985) (82,775)
Borrowings under revolving credit facility 700,000 0 1,566,000
Repayments under revolving credit facility (700,000) 0 (1,566,000)
Financial Services borrowings (repayments), net 85,248 (21,841) (89,393)
Stock option exercises 111 6,399 6,555
Share repurchases (170,676) (274,333) (294,566)
Cash paid for shares withheld for taxes (14,853) (11,450) (7,910)
Dividends paid (130,179) (122,350) (104,020)
Net cash used in financing activities (295,616) (733,560) (580,273)
Net increase 1,380,779 117,756 827,532
Cash, cash equivalents, and restricted cash at beginning of period 1,251,456 1,133,700 306,168
Cash, cash equivalents, and restricted cash at end of period 2,632,235 1,251,456 1,133,700
Supplemental Cash Flow Information:      
Interest paid (capitalized), net 3,057 5,605 557
Income taxes paid, net $ 264,248 $ 137,119 $ 89,204