XML 17 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 83,300 $ 54,971
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 50,026 40,805
Depreciation and amortization 13,113 11,062
Share-based compensation expense 9,355 8,280
Other, net 4,447 4,810
Increase (decrease) in cash due to:    
Restricted cash (1,145) (1,686)
Inventories (381,910) (230,993)
Residential mortgage loans available-for-sale 151,886 119,976
Other assets (25,133) (3,830)
Accounts payable, accrued and other liabilities 31,999 (28,792)
Net cash provided by (used in) operating activities (64,062) (25,397)
Cash flows from investing activities:    
Capital expenditures (9,460) (14,517)
Cash used for business acquisition (430,011) 0
Other investing activities, net (12,281) 4,632
Net cash used in investing activities (451,752) (9,885)
Cash flows from financing activities:    
Proceeds from debt issuance 991,575 0
Repayments of debt (702) 0
Borrowings under revolving credit facility 220,000 0
Repayments under revolving credit facility (220,000) 0
Financial Services borrowings (repayments) (149,263) (72,678)
Stock option exercises 52 6,596
Share repurchases (52,745) (107,955)
Dividends paid (31,568) (29,616)
Net cash provided by (used in) financing activities 757,349 (203,653)
Net increase (decrease) in cash and equivalents 241,535 (238,935)
Cash and equivalents at beginning of period 754,161 1,292,862
Cash and equivalents at end of period 995,696 1,053,927
Supplemental Cash Flow Information:    
Interest paid (capitalized), net (23,124) (21,412)
Income taxes paid (refunded), net $ 1,212 $ (1,997)