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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income (loss) $ (94,911) $ 63,815
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Write-down of land and deposits and pre-acquisition costs 7,486 33,315
Goodwill impairments   1,375
Amortization and depreciation 16,973 24,356
Stock-based compensation expense 11,405 16,485
Equity in (earnings) loss of unconsolidated entities (2,302) (5,448)
Distributions of earnings from unconsolidated entities 440 2,015
Loss on debt repurchases 3,537  
Other, net 1,156 3,130
Increase (decrease) in cash due to:    
Restricted cash 307 3,375
Inventories (180,964) 30,448
Residential mortgage loans available-for-sale 27,590 (66,557)
Income taxes receivable 2,443 868,555
Other assets 90,387 42,814
Accounts payable, accrued and other liabilities (101,337) (105,122)
Income tax liabilities (2,406) (62,489)
Net cash provided by (used in) operating activities (220,196) 850,067
Cash flows from investing activities:    
Distributions from unconsolidated entities 3,856 3,693
Investments in unconsolidated entities (3,184) (19,619)
Net change in loans held for investment 519 (531)
Change in restricted cash related to letters of credit (103,940)  
Proceeds from the sale of fixed assets 9,178 1,068
Capital expenditures (10,848) (8,698)
Net cash provided by (used in) investing activities (104,419) (24,087)
Cash flows from financing activities:    
Net repayments (borrowings) under Financial Services credit arrangements   57,008
Repayments of other borrowings (68,831) (1,464)
Issuance of common stock   8,617
Stock repurchases (1,956) (1,749)
Net cash provided by (used in) financing activities (70,787) 62,412
Net increase (decrease) in cash and equivalents (395,402) 888,392
Cash and equivalents at beginning of period 1,470,625 1,858,234
Cash and equivalents at end of period 1,075,223 2,746,626
Supplemental Cash Flow Information:    
Interest paid (capitalized), net (5,915) 4,412
Income taxes paid (refunded), net $ (3,851) $ (890,109)