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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 1,283,055 $ 968,728
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 12,842 89,492
Land-related charges 6,820 13,930
Loss on debt retirement (see Note 4) 61,469 0
Goodwill impairment 0 20,190
Depreciation and amortization 53,023 48,536
Share-based compensation expense 28,439 25,010
Other, net (3,274) (1,136)
Increase (decrease) in cash due to:    
Inventories (1,137,351) 84,253
Residential mortgage loans available-for-sale (36,816) 108,178
Other assets (114,879) (17,627)
Accounts payable, accrued and other liabilities 394,897 (72,929)
Net cash provided by (used in) operating activities 548,225 1,266,625
Cash flows from investing activities:    
Capital expenditures (52,134) (46,925)
Investments in unconsolidated entities (35,812) (663)
Distributions of capital from unconsolidated entities 11,500 19,939
Business acquisition (10,400) (83,251)
Other investing activities, net 378 3,721
Net cash provided by (used in) investing activities (86,468) (107,179)
Cash flows from financing activities:    
Repayments of notes payable (797,395) (10,993)
Borrowings under revolving credit facility 0 700,000
Repayments under revolving credit facility 0 (700,000)
Financial Services borrowings (repayments), net 64,684 (77,527)
Stock option exercises 11 111
Share repurchases (614,303) (95,676)
Cash paid for shares withheld for taxes (10,642) (14,853)
Dividends paid (111,696) (97,756)
Net cash provided by (used in) financing activities (1,469,341) (296,694)
Net increase (decrease) in cash, cash equivalents, and restricted cash (1,007,584) 862,752
Cash, cash equivalents, and restricted cash at beginning of period 2,632,235 1,251,456
Cash, cash equivalents, and restricted cash at end of period 1,624,651 2,114,208
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 16,483 16,297
Income taxes paid (refunded), net $ 335,487 $ 195,494