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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 369,807 $ 329,530
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 127,856 198,974
Land-related charges 131,254 13,185
Depreciation and amortization 38,689 40,218
Share-based compensation expense 26,505 19,813
Other, net (1,438) 4,493
Increase (decrease) in cash due to:    
Inventories (758,006) (1,100,173)
Residential mortgage loans available-for-sale 173,148 92,649
Other assets 22,120 11,502
Accounts payable, accrued and other liabilities 122,544 83,303
Net cash provided by (used in) operating activities 252,479 (306,506)
Cash flows from investing activities:    
Capital expenditures (23,548) (30,551)
Investment in unconsolidated subsidiaries (22,007) (14,049)
Cash used for business acquisition 0 (430,458)
Other investing activities, net 5,788 5,473
Net cash used in investing activities (39,767) (469,585)
Cash flows from financing activities:    
Proceeds from debt issuance 0 1,995,961
Repayments of debt (7,001) (985,734)
Borrowings under revolving credit facility 971,000 619,000
Repayments under revolving credit facility (888,000) (619,000)
Financial Services borrowings (repayments) (85,797) (109,083)
Stock option exercises 22,765 5,845
Share repurchases (665,812) (350,846)
Dividends paid (86,018) (94,298)
Net cash provided by (used in) financing activities (738,863) 461,845
Net increase (decrease) (526,151) (314,246)
Cash, cash equivalents, and restricted cash at beginning of period 723,248 775,435
Cash, cash equivalents, and restricted cash at end of period 197,097 461,189
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 11,516  
Interest paid (capitalized), net   (11,324)
Income taxes paid (refunded), net $ 17,206 $ (74)