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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net income $ 725.1 $ 602.6
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 40.4 41.4
Amortization of discounts and fees 3.9 4.1
Stock based compensation expense 40.4 36.8
Excess income tax benefit from employee stock awards (10.5) (6.3)
Deferred income taxes 92.0 46.7
Inventory and land option charges 19.9 16.0
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 (870.9) (879.1)
(Increase) decrease in residential land and lots – developed, under development, held for development and held for sale (352.2) 151.3
Increase in other assets (29.5) (4.6)
Decrease (increase) in mortgage loans held for sale 26.2 (3.5)
Increase in accounts payable, accrued expenses and other liabilities 124.4 87.7
Net cash (used in) provided by operating activities (190.8) 88.6
INVESTING ACTIVITIES    
Purchases of property and equipment (103.5) (65.2)
Increase in restricted cash (9.9) (2.1)
Net principal decrease of other mortgage loans and real estate owned 5.3 4.3
(Purchases of) proceeds from debt securities collateralized by residential real estate (8.8) 35.8
Payments related to acquisition of a business (4.1) 0.0
Net cash used in investing activities (121.0) (27.2)
FINANCING ACTIVITIES    
Proceeds from notes payable 700.4 26.3
Repayment of notes payable (1,051.4) (543.9)
Proceeds from stock associated with certain employee benefit plans 34.3 61.8
Excess income tax benefit from employee stock awards 10.5 6.3
Cash dividends paid (112.2) (88.9)
Repurchases of Common Stock (60.6) 0.0
Net cash used in financing activities (479.0) (538.4)
DECREASE IN CASH AND CASH EQUIVALENTS (790.8) (477.0)
Cash and cash equivalents at beginning of period 1,303.2 1,383.8
Cash and cash equivalents at end of period 512.4 906.8
Supplemental disclosures of non-cash activities:    
Notes payable issued for inventory 4.5 4.2
Stock issued under employee incentive plans $ 31.8 $ 19.9