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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 680,902 $ 784,375
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 83,752 230,335
Land-related charges 17,549 13,973
Depreciation and amortization 40,302 36,717
Share-based compensation expense 21,389 21,521
Other, net 2,567 (3,466)
Increase (decrease) in cash due to:    
Inventories (427,183) (263,734)
Residential mortgage loans available-for-sale 76,813 218,900
Other assets 4,146 (22,117)
Accounts payable, accrued and other liabilities 82,543 (1,524)
Net cash provided by (used in) operating activities 582,780 1,014,980
Cash flows from investing activities:    
Capital expenditures (43,162) (46,529)
Investments in unconsolidated entities (8,515) (1,000)
Business acquisition (163,724) 0
Other investing activities, net 5,009 15,545
Net cash provided by (used in) investing activities (210,392) (31,984)
Cash flows from financing activities:    
Repayments of notes payable (297,411) (82,655)
Borrowings under revolving credit facility 0 1,566,000
Repayments under revolving credit facility 0 (1,566,000)
Financial Services borrowings (repayments) (99,052) (187,071)
Debt issuance costs 0 (8,165)
Stock option exercises 6,368 5,462
Share repurchases (244,388) (172,060)
Cash paid for shares withheld for taxes (10,726) (7,379)
Dividends paid (92,235) (78,284)
Net cash provided by (used in) financing activities (737,444) (530,152)
Net increase (decrease) in cash, cash equivalents, and restricted cash (365,056) 452,844
Cash, cash equivalents, and restricted cash at beginning of period 1,133,700 306,168
Cash, cash equivalents, and restricted cash at end of period 768,644 759,012
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 19,569 16,747
Income taxes paid (refunded), net $ 60,329 $ 88,544