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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES    
Net income $ 993.4 $ 725.1
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 46.6 40.4
Amortization of discounts and fees 6.3 3.9
Stock based compensation expense 46.3 40.4
Equity in earnings of unconsolidated entities (3.1) 0.0
Distributions of earnings of unconsolidated entities 0.2 0.0
Excess income tax benefit from employee stock awards 0.0 (10.5)
Deferred income taxes 160.3 92.0
Inventory and land option charges 42.8 19.9
Gain on sale of assets (14.5) 0.0
Changes in operating assets and liabilities:    
Increase in construction in progress and finished homes (590.6) (870.9)
Increase in residential land and lots – developed, under development, held for development and held for sale (359.8) (352.2)
Increase in other assets (34.6) (29.5)
(Increase) decrease in mortgage loans held for sale (92.4) 26.2
Increase in accounts payable, accrued expenses and other liabilities 105.6 129.5
Net cash (used in) provided by operating activities 306.5 (185.7)
INVESTING ACTIVITIES    
Expenditures for property and equipment (110.1) (103.5)
Proceeds from sale of assets 261.1 0.0
Increase in restricted cash (42.2) (9.9)
Investment in unconsolidated entities (0.1) 0.0
Return of investment in unconsolidated entities 15.5 0.0
Net principal (increase) decrease of other mortgage loans and real estate owned (0.8) 5.3
Purchases of debt securities collateralized by residential real estate 0.0 (8.8)
Payments related to business acquisitions, net of cash acquired (158.1) (4.1)
Net cash (used in) provided by investing activities (34.7) (121.0)
FINANCING ACTIVITIES    
Proceeds from notes payable 2,164.3 700.0
Repayment of notes payable (2,179.5) (1,051.4)
Advances on mortgage repurchase facility, net 106.3 0.4
Proceeds from stock associated with certain employee benefit plans 36.2 34.3
Excess income tax benefit from employee stock awards 0.0 10.5
Cash paid for shares withheld for taxes (10.3) (5.1)
Cash dividends paid (141.3) (112.2)
Repurchases of common stock (74.9) (60.6)
Distributions to noncontrolling interests, net (2.2) 0.0
Net cash (used in) provided by financing activities (101.4) (484.1)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 170.4 (790.8)
Cash and cash equivalents at beginning of period 1,007.8 1,303.2
Cash and cash equivalents at end of period 1,178.2 512.4
Supplemental disclosures of non-cash activities:    
Notes payable issued for inventory 0.0 4.5
Stock issued under employee incentive plans $ 63.7 31.8
Accounting Standards Update 2016-09 [Member]    
FINANCING ACTIVITIES    
Cash paid for shares withheld for taxes   $ (5.1)