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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 3,083,262 $ 2,602,372 $ 2,617,317
Adjustments to reconcile net income to net cash from operating activities:      
Deferred income tax expense 151,097 104,266 106,584
Land-related charges 34,572 43,115 66,656
Depreciation and amortization 89,162 80,824 70,918
Equity income from unconsolidated entities (44,201) (4,561) (50,680)
Distributions of earnings from unconsolidated entities 2,557 4,564 49,151
Share-based compensation expense 54,690 48,200 42,989
Other, net (13,460) (1,421) 1,431
Increase (decrease) in cash due to:      
Inventories (787,475) (354,016) (2,256,690)
Residential mortgage loans available-for-sale (113,327) 160,934 266,310
Other assets (489,623) (290,631) (140,761)
Accounts payable, accrued and other liabilities (286,460) (196,884) (104,759)
Net cash provided by operating activities 1,680,794 2,196,762 668,466
Cash flows from investing activities:      
Capital expenditures (118,545) (92,201) (112,661)
Investments in unconsolidated entities (16,037) (23,403) (64,701)
Distributions of capital from unconsolidated entities 9,179 3,265 21,704
Business acquisition 0 0 (10,400)
Other investing activities, net 30,927 (16,756) (5,685)
Net cash used in investing activities (94,476) (129,095) (171,743)
Cash flows from financing activities:      
Repayments of notes payable (355,826) (123,290) (4,856)
Borrowings under revolving credit facility 0 0 2,869,000
Repayments under revolving credit facility 0 0 (2,869,000)
Financial Services borrowings (repayments), net 27,279 (87,084) (39,412)
Debt issuance costs (1,534) (1,572) (11,167)
Proceeds from liabilities related to consolidated inventory not owned 50,047 129,656 58,729
Payments related to consolidated inventory not owned 105,787 76,303 5,915
Share repurchases (1,199,999) (1,000,000) (1,074,673)
Excise tax on share repurchases (9,691) 0 0
Cash paid for shares withheld for taxes (18,597) (11,991) (14,326)
Dividends paid (167,707) (142,459) (144,115)
Net cash used in financing activities (1,781,815) (1,313,043) (1,235,735)
Net increase (decrease) (195,497) 754,624 (739,012)
Cash, cash equivalents, and restricted cash at beginning of period 1,849,177 1,094,553 1,833,565
Cash, cash equivalents, and restricted cash at end of period 1,653,680 1,849,177 1,094,553
Supplemental Cash Flow Information:      
Interest paid (capitalized), net 26,052 10,786 1,797
Income taxes paid, net $ 739,680 $ 784,453 $ 641,948