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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 454,723 $ 304,107
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 13,407 11,391
Land-related charges 3,510 1,368
Loss on debt retirement 0 61,469
Depreciation and amortization 16,181 17,142
Share-based compensation expense 16,615 11,630
Other, net (1,173) (687)
Increase (decrease) in cash due to:    
Inventories (814,768) (243,947)
Residential mortgage loans available-for-sale 436,865 69,930
Other assets (35,344) (54,303)
Accounts payable, accrued and other liabilities 117,650 (1,352)
Net cash provided by operating activities 207,666 176,748
Cash flows from investing activities:    
Capital expenditures (30,686) (14,752)
Investments in unconsolidated entities (6,681) (8,169)
Distributions of capital from unconsolidated entities 0 5,000
Business acquisition (10,400) (10,400)
Other investing activities, net (199) 698
Net cash used in investing activities (47,966) (27,623)
Cash flows from financing activities:    
Repayments of notes payable 0 (794,435)
Financial Services repayments, net (229,985) (141,002)
Stock option exercises 0 11
Share repurchases (500,000) (153,703)
Cash paid for shares withheld for taxes (13,614) (10,566)
Dividends paid (37,796) (37,611)
Net cash used in financing activities (781,395) (1,137,306)
Net decrease in cash, cash equivalents, and restricted cash (621,695) (988,181)
Cash, cash equivalents, and restricted cash at beginning of period 1,833,565 2,632,235
Cash, cash equivalents, and restricted cash at end of period 1,211,870 1,644,054
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 5,157 17,368
Income taxes paid (refunded), net $ 1,915 $ 15,574