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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net Income (Loss) $ 522,799 $ 662,976
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 20,413 37,428
Land-related charges 23,772 4,018
Depreciation and amortization 24,668 21,061
Equity income from unconsolidated entities (502) (37,902)
Distributions of income from unconsolidated entities 1,810 1,256
Share-based compensation expense 18,127 16,585
Other, net (196) (413)
Increase (decrease) in cash due to:    
Inventories (270,583) (289,247)
Residential mortgage loans available-for-sale (13,211) (54,774)
Other assets (71,846) (108,132)
Accounts payable, accrued and other liabilities (121,023) (13,069)
Net cash provided by operating activities 134,228 239,787
Cash flows from investing activities:    
Capital expenditures (29,606) (24,076)
Investments in unconsolidated entities (6,679) (3,955)
Distributions of capital from unconsolidated entities 0 3,398
Other investing activities, net (3,448) (2,256)
Net cash used in investing activities (39,733) (26,889)
Cash flows from financing activities:    
Repayments of notes payable (2,688) (11,140)
Financial Services borrowings (repayments), net (100,055) 34,708
Proceeds from liabilities related to consolidated inventory not owned 11,060 19,077
Payments related to consolidated inventory not owned (11,363) (32,511)
Share repurchases (300,000) (245,844)
Cash paid for shares withheld for taxes (23,422) (17,592)
Dividends paid (45,822) (42,684)
Net cash used in financing activities (472,290) (295,986)
Net increase (decrease) in cash, cash equivalents, and restricted cash (377,795) (83,088)
Cash, cash equivalents, and restricted cash at beginning of period 1,653,680 1,849,177
Cash, cash equivalents, and restricted cash at end of period 1,275,885 1,766,089
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 3,342 7,251
Income taxes paid (refunded), net $ 69,743 $ 1,015