XML 21 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 203,711 $ 166,757
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 19,955 24,690
Land-related charges 9,729 2,979
Goodwill impairment 20,190 0
Depreciation and amortization 15,149 13,210
Share-based compensation expense 11,479 9,019
Other, net (903) (39)
Increase (decrease) in cash due to:    
Inventories (189,364) (259,865)
Residential mortgage loans available-for-sale 145,113 134,217
Other assets (3,534) 64,533
Accounts payable, accrued and other liabilities (26,910) 3,404
Net cash provided by (used in) operating activities 204,615 158,905
Cash flows from investing activities:    
Capital expenditures (20,139) (16,070)
Investments in unconsolidated entities 5,837  
Investments in unconsolidated entities   (1,289)
Business acquisition   0
Other investing activities, net 1,706 291
Net cash provided by (used in) investing activities (95,796) (17,068)
Cash flows from financing activities:    
Repayments of notes payable (9,245) (3,605)
Borrowings under revolving credit facility 700,000 0
Financial Services borrowings (repayments) (56,573) (126,273)
Stock option exercises 50 1,445
Share repurchases (95,676) (24,999)
Cash paid for shares withheld for taxes (14,838) (10,350)
Dividends paid (32,740) (30,802)
Net cash provided by (used in) financing activities 490,978 (194,584)
Net increase (decrease) in cash, cash equivalents, and restricted cash 599,797 (52,747)
Cash, cash equivalents, and restricted cash at beginning of period 1,251,456 1,133,700
Cash, cash equivalents, and restricted cash at end of period 1,851,253 1,080,953
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 14,019 17,164
Income taxes paid (refunded), net $ 5,540 $ (30,850)