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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES    
Net income $ 436.1 $ 352.8
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 27.3 27.6
Amortization of discounts and fees 2.6 2.8
Stock based compensation expense 26.1 24.3
Excess income tax benefit from employee stock awards (8.7) (3.9)
Deferred income taxes 24.1 29.6
Inventory and land option charges 14.5 7.9
Gain on sale of debt securities collateralized by residential real estate 0.0 (4.5)
Changes in operating assets and liabilities:    
Increase in construction in progress and finished homes (603.5) (652.8)
(Increase) decrease in residential land and lots – developed, under development, held for development and held for sale (96.3) 235.9
(Increase) decrease in other assets (29.9) 36.6
Decrease in mortgage loans held for sale 75.5 14.9
Decrease in accounts payable, accrued expenses and other liabilities (8.6) (44.3)
Net cash (used in) provided by operating activities (140.8) 26.9
INVESTING ACTIVITIES    
Purchases of property and equipment (57.5) (40.4)
Increase in restricted cash (8.9) (1.7)
Net principal decrease (increase) of other mortgage loans and real estate owned 1.0 (0.4)
(Purchases of) proceeds from debt securities collateralized by residential real estate (3.9) 35.8
Payments related to acquisition of a business (4.1) 0.0
Net cash used in investing activities (73.4) (6.7)
FINANCING ACTIVITIES    
Proceeds from notes payable 0.0 17.6
Repayment of notes payable (54.5) (170.6)
Proceeds from stock associated with certain employee benefit plans 24.7 28.4
Excess income tax benefit from employee stock awards 8.7 3.9
Cash dividends paid (74.7) (59.2)
Net cash used in financing activities (95.8) (179.9)
DECREASE IN CASH AND CASH EQUIVALENTS (310.0) (159.7)
Cash and cash equivalents at beginning of period 1,303.2 1,383.8
Cash and cash equivalents at end of period 993.2 1,224.1
Supplemental disclosures of non-cash activities:    
Notes payable issued for inventory 4.5 2.9
Stock issued under employee incentive plans $ 31.7 $ 19.7