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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 1,735,086 $ 1,283,055
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 43,485 12,842
Land-related charges 32,475 6,820
Loss on debt retirement 0 61,469
Depreciation and amortization 51,934 53,023
Share-based compensation expense 39,520 28,439
Other, net (160) (3,274)
Increase (decrease) in cash due to:    
Inventories (2,706,142) (1,137,351)
Residential mortgage loans available-for-sale 507,861 (36,816)
Other assets (127,173) (114,879)
Accounts payable, accrued and other liabilities 119,189 394,897
Net cash provided by (used in) operating activities (303,925) 548,225
Cash flows from investing activities:    
Capital expenditures (88,585) (52,134)
Investments in unconsolidated entities (58,154) (35,812)
Distributions of capital from unconsolidated entities 3,413 11,500
Business acquisition (10,400) (10,400)
Other investing activities, net (964) 378
Net cash used in investing activities (154,690) (86,468)
Cash flows from financing activities:    
Repayments of notes payable (4,856) (797,395)
Borrowings under revolving credit facility 1,925,000 0
Repayments under revolving credit facility (1,606,000) 0
Financial Services borrowings (repayments), net (287,933) 64,684
Debt issuance costs (11,167) 0
Stock option exercises 0 11
Share repurchases (974,673) (614,303)
Cash paid for shares withheld for taxes (14,326) (10,642)
Dividends paid (109,597) (111,696)
Net cash used in financing activities (1,083,552) (1,469,341)
Net decrease in cash, cash equivalents, and restricted cash (1,542,167) (1,007,584)
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 291,398 1,624,651
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 5,642 16,483
Income taxes paid (refunded), net $ 493,559 $ 335,487