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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income $ 3,506.2 $ 3,269.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 63.5 70.2
Stock-based compensation expense 92.7 80.6
Deferred income taxes 29.9 19.3
Inventory and land option charges 34.4 62.2
Changes in operating assets and liabilities:    
(Increase) decrease in construction in progress and finished homes (863.0) 576.2
Increase in residential land and lots – developed, under development, held for development and held for sale (2,012.1) (915.0)
Increase in rental properties (375.7) (777.3)
(Increase) decrease in other assets (154.4) 242.1
Increase in mortgage loans held for sale (58.9) (28.4)
Decrease in accounts payable, accrued expenses and other liabilities (34.4) (338.5)
Net cash provided by operating activities 228.2 2,261.1
INVESTING ACTIVITIES    
Expenditures for property and equipment (133.3) (108.3)
Proceeds from sale of assets 14.9 0.0
Payments related to business acquisitions, net of cash acquired (37.9) (202.0)
Other investing activities (4.8) 1.8
Net cash used in investing activities (161.1) (308.5)
FINANCING ACTIVITIES    
Proceeds from notes payable 1,270.0 575.0
Repayment of notes payable (640.4) (675.4)
Borrowings on mortgage repurchase facilities, net 21.8 67.3
Proceeds from stock associated with certain employee benefit plans 12.2 18.7
Cash paid for shares withheld for taxes (82.9) (55.9)
Cash dividends paid (297.5) (256.9)
Repurchases of common stock (1,230.3) (759.6)
Net proceeds from issuance of Forestar common stock 19.7 0.0
Net other financing activities (19.8) (30.7)
Net cash used in financing activities (947.2) (1,117.5)
Net (decrease) increase in cash, cash equivalents and restricted cash (880.1) 835.1
Cash, cash equivalents and restricted cash at beginning of period 3,900.1 2,572.9
Cash, cash equivalents and restricted cash at end of period 3,020.0 3,408.0
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES:    
Notes payable issued for inventory 43.4 54.5
Reduction of notes payable upon deconsolidation of variable interest entity (127.8) 0.0
Stock issued under employee incentive plans 173.2 110.8
Repurchases of common stock not settled $ 1.5 $ 0.0