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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 2,617,317 $ 1,946,320 $ 1,406,839
Adjustments to reconcile net income to net cash from operating activities:      
Deferred income tax expense 106,584 59,168 137,598
Land-related charges 66,656 12,302 20,305
Loss on debt retirement 0 61,469 0
Goodwill impairment 0 0 20,190
Depreciation and amortization 70,918 69,953 66,081
Share-based compensation expense 42,989 36,745 32,843
Equity in earnings of unconsolidated entities (50,680) (17,200) (1,880)
Proceeds from Equity Method Investment, Distribution 49,151 2,110 505
Other, net 1,431 1,586 263
Increase (decrease) in cash due to:      
Inventories (2,256,690) (1,266,398) 2,988
Residential mortgage loans available-for-sale 266,310 (382,813) (56,732)
Other assets (140,761) (159,906) (46,307)
Accounts payable, accrued and other liabilities (104,759) 640,685 201,649
Net cash provided by operating activities 668,466 1,004,021 1,784,342
Cash flows from investing activities:      
Capital expenditures (112,661) (72,781) (58,354)
Investments in unconsolidated entities (64,701) (101,591) (753)
Distributions of capital from unconsolidated entities 21,704 53,927 27,939
Business acquisition (10,400) (10,400) (83,251)
Other investing activities, net (5,685) 6,713 6,472
Net cash used in investing activities (171,743) (124,132) (107,947)
Cash flows from financing activities:      
Repayments of notes payable (4,856) (836,893) (65,267)
Borrowings under revolving credit facility 2,869,000 0 700,000
Repayments under revolving credit facility (2,869,000) 0 (700,000)
Financial Services borrowings (repayments), net (39,412) 214,302 85,248
Debt issuance costs (11,167) 0 0
Proceeds from liabilities related to consolidated inventory not owned 58,729 0 0
Payments related to consolidated inventory not owned 5,915 0 0
Stock option exercises 0 11 111
Share repurchases (1,074,673) (897,303) (170,676)
Cash paid for shares withheld for taxes (14,326) (10,842) (14,853)
Dividends paid (144,115) (147,834) (130,179)
Net cash used in financing activities (1,235,735) (1,678,559) (295,616)
Net increase (decrease) (739,012) (798,670) 1,380,779
Cash, cash equivalents, and restricted cash at beginning of period 1,833,565 2,632,235 1,251,456
Cash, cash equivalents, and restricted cash at end of period 1,094,553 1,833,565 2,632,235
Supplemental Cash Flow Information:      
Interest paid (capitalized), net 1,797 10,856 3,057
Income taxes paid, net $ 641,948 $ 457,406 $ 264,248