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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES    
Net income $ 352.8 $ 290.4
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 27.6 25.4
Amortization of discounts and fees 2.8 2.7
Stock based compensation expense 24.3 22.4
Excess income tax benefit from employee stock awards (3.9) (6.7)
Deferred income taxes 29.6 17.4
Inventory and land option charges 7.9 18.6
Gain on sale of debt securities collateralized by residential real estate (4.5) 0.0
Changes in operating assets and liabilities:    
Increase in construction in progress and finished homes (652.8) (375.6)
Decrease (increase) in residential land and lots – developed, under development, held for development and held for sale 235.9 (71.2)
Decrease (increase) in other assets 36.6 (11.1)
Decrease (increase) in mortgage loans held for sale 14.9 (40.7)
Decrease in accounts payable, accrued expenses and other liabilities (44.3) (40.4)
Net cash provided by (used in) operating activities 26.9 (168.8)
INVESTING ACTIVITIES    
Purchases of property and equipment (40.4) (24.0)
Increase in restricted cash (1.7) (0.4)
Net principal increase of other mortgage loans and real estate owned (0.4) (4.9)
Proceeds from sale of debt securities collateralized by residential real estate 35.8 0.0
Net cash used in investing activities (6.7) (29.3)
FINANCING ACTIVITIES    
Proceeds from notes payable 17.6 1,350.3
Repayment of notes payable (170.6) (1,098.3)
Proceeds from stock associated with certain employee benefit plans 28.4 21.0
Excess income tax benefit from employee stock awards 3.9 6.7
Cash dividends paid (59.2) (45.7)
Net cash (used in) provided by financing activities (179.9) 234.0
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (159.7) 35.9
Cash and cash equivalents at beginning of period 1,383.8 661.8
Cash and cash equivalents at end of period 1,224.1 697.7
Supplemental disclosures of non-cash activities:    
Notes payable issued for inventory 2.9 8.1
Stock issued under employee incentive plans $ 19.7 $ 8.3