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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 304,107 $ 203,711
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 11,391 19,955
Land-related charges 1,368 9,729
Loss on debt retirement 61,469 0
Goodwill impairment 0 20,190
Depreciation and amortization 17,142 15,149
Share-based compensation expense 11,630 11,479
Other, net (687) (903)
Increase (decrease) in cash due to:    
Inventories (243,947) (189,364)
Residential mortgage loans available-for-sale 69,930 145,113
Other assets (54,303) (3,534)
Accounts payable, accrued and other liabilities (1,352) (26,910)
Net cash provided by (used in) operating activities 176,748 204,615
Cash flows from investing activities:    
Capital expenditures (14,752) (20,139)
Investments in unconsolidated entities (8,169) (663)
Distributions of capital from unconsolidated entities 5,000 6,500
Business acquisition (10,400) (83,200)
Other investing activities, net 698 1,706
Net cash provided by (used in) investing activities (27,623) (95,796)
Cash flows from financing activities:    
Repayments of notes payable (794,435) (9,245)
Borrowings under revolving credit facility 0 700,000
Financial Services borrowings (repayments), net (141,002) (56,573)
Stock option exercises 11 50
Share repurchases (153,703) (95,676)
Cash paid for shares withheld for taxes (10,566) (14,838)
Dividends paid (37,611) (32,740)
Net cash provided by (used in) financing activities (1,137,306) 490,978
Net increase (decrease) in cash, cash equivalents, and restricted cash (988,181) 599,797
Cash, cash equivalents, and restricted cash at beginning of period 2,632,235 1,251,456
Cash, cash equivalents, and restricted cash at end of period 1,644,054 1,851,253
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 17,368 14,019
Income taxes paid (refunded), net $ 15,574 $ 5,540