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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 1,291,450 $ 1,065,948 $ 703,576
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 439,224 451,988 406,114
Amortization and write-off of financing costs on extinguished debt 8,662 35,175 10,783
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets (246,690) (229,376) (200,386)
Intangible asset impairment 89,787    
Gain associated with remeasuring our investment in a joint venture entity to fair value at the date we acquired the remaining interest   (100,420)  
Net realized and unrealized (gains) losses from investments (28,907) 7,400 (9,405)
Provision for doubtful accounts 20,373 19,760 8,044
Compensation expense for equity awards 127,738 128,171 93,087
Equity income from unconsolidated subsidiaries (160,925) (324,664) (210,207)
Distribution of earnings from unconsolidated subsidiaries 199,011 336,925 211,855
Proceeds from sale of mortgage loans 19,805,060 20,230,676 18,052,756
Origination of mortgage loans (19,389,979) (20,591,602) (17,655,104)
(Decrease) increase in warehouse lines of credit (351,586) 417,995 (343,887)
Tenant concessions received 21,249 38,400 19,337
Purchase of equity securities (83,001) (99,789) (110,570)
Proceeds from sale of equity securities 46,949 75,120 68,547
Decrease (increase) in real estate under development 34,776 (4,586) 2,472
Increase in receivables, prepaid expenses and other assets (including contract and lease assets) (824,490) (773,361) (534,190)
Increase in accounts payable and accrued expenses and other liabilities (including contract and lease liabilities) 306,677 273,782 159,145
Increase in compensation and employee benefits payable and accrued bonus and profit sharing 244,895 270,371 148,714
(Increase) decrease in net income taxes receivable/payable (274,436) (47,074) 108,151
Other operating activities, net (52,457) (49,590) (34,421)
Net cash provided by operating activities 1,223,380 1,131,249 894,411
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (293,514) (227,803) (178,042)
Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired (355,926) (322,573) (118,427)
Contributions to unconsolidated subsidiaries (105,947) (62,802) (68,700)
Distributions from unconsolidated subsidiaries 33,289 61,709 63,664
Purchase of equity securities (12,017) (21,402) (15,584)
Proceeds from sale of equity securities 15,623 16,314 15,587
Purchase of available for sale debt securities (8,853) (23,360) (19,280)
Proceeds from the sale of available for sale debt securities 4,671 5,792 15,790
Other investing activities, net 1,650 13,441 2,392
Net cash used in investing activities (721,024) (560,684) (302,600)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from senior term loans 300,000 1,002,745 200,000
Repayment of senior term loans (300,000) (450,000) (751,876)
Proceeds from revolving credit facility 3,609,000 3,258,000 1,521,000
Repayment of revolving credit facility (3,609,000) (3,258,000) (1,521,000)
Repayment of 5.00% senior notes (including premium)   (820,000)  
Repurchase of common stock (145,137) (161,034)  
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date) (42,147) (18,660) (24,006)
Units repurchased for payment of taxes on equity awards (18,426) (29,386) (29,549)
Non-controlling interest contributions 46,612 25,355 5,301
Non-controlling interest distributions (3,957) (13,413) (8,715)
Other financing activities, net 1,793 (15,912) (18,897)
Net cash used in financing activities (271,949) (506,600) (627,742)
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash (606) (24,840) 29,338
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 229,801 39,125 (6,593)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD 863,944 824,819 831,412
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD 1,093,745 863,944 824,819
Cash paid during the period for:      
Interest 86,666 104,165 117,164
Income taxes, net 365,065 375,849 $ 356,997
Telford Homes Plc [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of debt assumed in acquisition $ (110,687)    
FacilitySource [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of debt assumed in acquisition   $ (26,295)