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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES    
Net income $ 1,549.3 $ 1,114.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 57.4 52.4
Amortization of discounts and fees 7.8 8.1
Stock-based compensation expense 59.2 53.9
Equity in earnings of unconsolidated entities (0.6) (0.5)
Distributions of earnings of unconsolidated entities 0.0 0.5
Deferred income taxes 1.0 11.7
Inventory and land option charges 17.8 41.0
Gain on sale of assets (59.5) (53.9)
Changes in operating assets and liabilities:    
Increase in construction in progress and finished homes (602.3) (393.0)
Increase in residential land and lots – developed, under development, held for development and held for sale (361.9) (606.2)
Increase in other assets (62.2) (138.1)
Net increase in mortgage loans held for sale (430.7) (158.5)
Increase in accounts payable, accrued expenses and other liabilities 413.6 148.6
Net cash provided by operating activities 588.9 80.7
INVESTING ACTIVITIES    
Expenditures for property and equipment (66.8) (105.3)
Proceeds from sale of assets 129.8 143.8
Payments to Acquire Other Property, Plant, and Equipment 153.6 56.3
Return of investment in unconsolidated entities 2.4 4.4
Net principal increase of other mortgage loans and real estate owned (3.7) (2.0)
Payments related to business acquisitions (8.5) (310.9)
Net cash (used in) provided by investing activities (100.4) (326.3)
FINANCING ACTIVITIES    
Proceeds from notes payable 2,346.3 2,528.2
Repayment of notes payable (1,679.5) (2,536.1)
Advances on mortgage repurchase facility, net 284.0 158.8
Proceeds from stock associated with certain employee benefit plans 15.0 26.8
Cash paid for shares withheld for taxes (38.2) (19.5)
Cash dividends paid (192.3) (167.9)
Repurchases of common stock (360.4) (361.5)
Distributions to noncontrolling interests, net (0.7) (3.9)
Proceeds from (Payments for) Other Financing Activities (4.0) 0.0
Net cash (used in) provided by financing activities 370.2 (375.1)
Net increase (decrease) in cash, cash equivalents and restricted cash 858.7 (620.7)
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 2,372.7 885.3
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES:    
Notes payable issued for inventory 2.8 83.6
Stock issued under employee incentive plans 84.4 49.1
Accrued expenditures for property and equipment 10.6 18.9
Accrual for holdback payment related to acquisition 1.9 15.0
Repurchase of Common Stock Not Settled $ 0.0 $ 14.0