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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 784,375 $ 369,807
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 230,335 127,856
Land-related charges 13,973 131,254
Depreciation and amortization 36,717 38,689
Share-based compensation expense 21,521 26,505
Other, net (3,466) (1,438)
Increase (decrease) in cash due to:    
Inventories (263,734) (758,006)
Residential mortgage loans available-for-sale 218,900 173,148
Other assets (22,117) 22,120
Accounts payable, accrued and other liabilities (1,524) 122,544
Net cash provided by (used in) operating activities 1,014,980 252,479
Cash flows from investing activities:    
Capital expenditures (46,529) (23,548)
Investments in unconsolidated entities (1,000) (22,007)
Other investing activities, net 15,545 5,788
Net cash provided by (used in) investing activities (31,984) (39,767)
Cash flows from financing activities:    
Repayments of debt (82,655) (7,001)
Borrowings under revolving credit facility 1,566,000 971,000
Repayments under revolving credit facility (1,566,000) (888,000)
Financial Services borrowings (repayments) (187,071) (85,797)
Debt issuance costs 8,165 0
Stock option exercises 5,462 22,765
Share repurchases (179,439) (665,812)
Dividends paid (78,284) (86,018)
Net cash provided by (used in) financing activities (530,152) (738,863)
Net increase (decrease) in cash, cash equivalents, and restricted cash 452,844 (526,151)
Cash, cash equivalents, and restricted cash at beginning of period 306,168 723,248
Cash, cash equivalents, and restricted cash at end of period 759,012 197,097
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 16,747 11,516
Income taxes paid, net $ 88,544 $ 17,206