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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 1,252,604 $ 1,107,158
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 93,389 20,823
Land-related charges 10,110 8,013
Depreciation and amortization 39,204 33,393
Equity income from unconsolidated entities (3,456) (1,944)
Distributions of income from unconsolidated entities 4,564 1,150
Share-based compensation expense 27,960 29,640
Other, net (161) 736
Increase (decrease) in cash due to:    
Inventories 52,001 (1,683,129)
Residential mortgage loans available-for-sale 244,516 393,350
Other assets (6,602) (87,569)
Accounts payable, accrued and other liabilities (263,546) 280,722
Net cash provided by operating activities 1,450,583 102,343
Cash flows from investing activities:    
Capital expenditures (45,076) (62,557)
Investments in unconsolidated entities (7,858) (50,480)
Distributions of capital from unconsolidated entities 2,216 3,010
Business acquisition 0 (10,400)
Other investing activities, net (3,278) (2,713)
Net cash used in investing activities (53,996) (123,140)
Cash flows from financing activities:    
Repayments of notes payable (17,305) (4,152)
Borrowings under revolving credit facility 0 110,000
Repayments under revolving credit facility 0 (110,000)
Financial Services repayments, net (271,128) (183,307)
Debt issuance costs 0 (11,167)
Proceeds from liabilities related to consolidated inventory not owned 91,354 0
Payments related to consolidated inventory not owned (33,577) 0
Share repurchases (400,000) (794,227)
Cash paid for shares withheld for taxes (10,389) (13,614)
Dividends paid (72,315) (74,197)
Net cash used in financing activities (713,360) (1,080,664)
Net increase (decrease) in cash, cash equivalents, and restricted cash 683,227 (1,101,461)
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 1,777,780 732,104
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 2,757 230
Income taxes paid (refunded), net $ 380,527 $ 290,571