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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 329,530 $ 266,062
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 198,974 171,364
Depreciation and amortization 40,218 33,719
Share-based compensation expense 19,813 20,139
Other, net 17,678 11,300
Increase (decrease) in cash due to:    
Restricted cash (5,710) (13,293)
Inventories (1,100,173) (835,276)
Residential mortgage loans available-for-sale 92,649 68,381
Other assets 11,502 (130,282)
Accounts payable, accrued and other liabilities 83,303 162,987
Net cash provided by (used in) operating activities (312,216) (244,899)
Cash flows from investing activities:    
Capital expenditures (30,551) (34,049)
Cash used for business acquisition (430,458) 0
Other investing activities, net (8,576) 13,669
Net cash used in investing activities (469,585) (20,380)
Cash flows from financing activities:    
Proceeds from debt issuance 1,995,961 498,087
Repayments of debt (985,734) (238,520)
Borrowings under revolving credit facility 619,000 125,000
Repayments under revolving credit facility (619,000) (125,000)
Financial Services borrowings (repayments) (109,083) (32,733)
Stock option exercises 5,845 10,371
Share repurchases (350,846) (442,738)
Dividends paid (94,298) (87,897)
Net cash provided by (used in) financing activities 461,845 (293,430)
Net increase (decrease) in cash and equivalents (319,956) (558,709)
Cash and equivalents at beginning of period 754,161 1,292,862
Cash and equivalents at end of period 434,205 734,153
Supplemental Cash Flow Information:    
Interest paid (capitalized), net (11,324) (20,304)
Income taxes paid (refunded), net $ (74) $ 740