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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net income $ 916.4 $ 641.1
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 38.8 34.1
Amortization of discounts and fees 5.8 5.1
Stock-based compensation expense 37.9 35.9
Equity in earnings of unconsolidated entities (0.9) (0.5)
Distributions of earnings of unconsolidated entities 0.0 0.5
Deferred income taxes 10.0 12.6
Inventory and land option charges 12.8 21.8
Gain on sale of assets (59.5) (31.3)
Changes in operating assets and liabilities:    
Increase in construction in progress and finished homes (724.4) (755.2)
Increase in residential land and lots – developed, under development, held for development and held for sale (324.2) (445.6)
Increase in other assets (153.1) (39.9)
Net increase in mortgage loans held for sale (307.4) 0.0
Increase in accounts payable, accrued expenses and other liabilities 152.7 59.7
Net cash used in operating activities (395.1) (461.7)
INVESTING ACTIVITIES    
Expenditures for property and equipment (47.6) (69.8)
Proceeds from sale of assets 129.8 83.8
Expenditures related to rental properties (113.0) (28.3)
Return of investment in unconsolidated entities 2.4 4.4
Net principal increase of other mortgage loans and real estate owned (0.6) (1.6)
Payments related to business acquisitions (5.6) (309.6)
Net cash (used in) provided by investing activities (34.6) (321.1)
FINANCING ACTIVITIES    
Proceeds from notes payable 1,591.3 1,815.0
Repayment of notes payable (918.9) (1,531.0)
Advances on mortgage repurchase facility, net 297.6 53.0
Proceeds from stock associated with certain employee benefit plans 12.9 22.3
Cash paid for shares withheld for taxes (38.1) (19.5)
Cash dividends paid (128.7) (111.9)
Repurchases of common stock (360.4) (216.2)
Distributions to noncontrolling interests, net (0.4) (3.7)
Proceeds from (Payments for) Other Financing Activities (2.3) 0.0
Net cash (used in) provided by financing activities 453.0 8.0
Net increase (decrease) in cash, cash equivalents and restricted cash 23.3 (774.8)
Cash, cash equivalents and restricted cash at beginning of period 1,514.0 1,506.0
Cash, cash equivalents and restricted cash at end of period 1,537.3 731.2
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES:    
Notes payable issued for inventory 0.0 80.8
Stock issued under employee incentive plans 84.3 49.0
Accrued expenditures for property and equipment 8.6 10.9
Accrual for holdback payment related to acquisition $ 3.9 $ 16.3