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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 532,259 $ 454,723
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 28,152 13,407
Land-related charges 5,683 3,510
Depreciation and amortization 19,139 16,181
Equity income from unconsolidated entities (2,513) (1,221)
Distributions of income from unconsolidated entities 3,509 0
Share-based compensation expense 12,488 16,615
Other, net 50 48
Increase (decrease) in cash due to:    
Inventories (85,408) (814,768)
Residential mortgage loans available-for-sale 256,360 436,865
Other assets 25,053 (35,344)
Accounts payable, accrued and other liabilities (83,404) 117,650
Net cash provided by operating activities 711,368 207,666
Cash flows from investing activities:    
Capital expenditures (23,743) (30,686)
Investments in unconsolidated entities (1,117) (6,681)
Distributions of capital from unconsolidated entities 2,216 0
Business acquisition 0 (10,400)
Other investing activities, net (1,570) (199)
Net cash used in investing activities (24,214) (47,966)
Cash flows from financing activities:    
Repayments of notes payable (4,500) 0
Financial Services repayments, net (262,264) (229,985)
Proceeds from liabilities related to consolidated inventory not owned 18,449 0
Payments related to consolidated inventory not owned (10,099) 0
Share repurchases (150,000) (500,000)
Cash paid for shares withheld for taxes (10,059) (13,614)
Dividends paid (36,380) (37,796)
Net cash used in financing activities (454,853) (781,395)
Net increase (decrease) in cash, cash equivalents, and restricted cash 232,301 (621,695)
Cash, cash equivalents, and restricted cash at beginning of period 1,094,553 1,833,565
Cash, cash equivalents, and restricted cash at end of period 1,326,854 1,211,870
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 6,205 5,157
Income taxes paid (refunded), net $ 209 $ 1,915