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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 1,472,109 $ 1,252,604
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 89,321 93,389
Land-related charges 7,798 10,110
Depreciation and amortization 42,891 39,204
Equity income from unconsolidated entities (40,069) (3,456)
Distributions of income from unconsolidated entities 2,358 4,564
Share-based compensation expense 29,084 27,960
Other, net 120 (161)
Increase (decrease) in cash due to:    
Inventories (473,665) 52,001
Residential mortgage loans available-for-sale (55,346) 244,516
Other assets (294,335) (6,602)
Accounts payable, accrued and other liabilities (123,002) (263,546)
Net cash provided by operating activities 657,264 1,450,583
Cash flows from investing activities:    
Capital expenditures (55,317) (45,076)
Investments in unconsolidated entities (9,096) (7,858)
Distributions of capital from unconsolidated entities 3,474 2,216
Other investing activities, net (5,262) (3,278)
Net cash used in investing activities (66,201) (53,996)
Cash flows from financing activities:    
Repayments of notes payable (318,288) (17,305)
Financial Services borrowings (repayments), net 24,416 (271,128)
Proceeds from liabilities related to consolidated inventory not owned 32,721 91,354
Payments related to consolidated inventory not owned (70,608) (33,577)
Share repurchases (559,999) (400,000)
Cash paid for shares withheld for taxes (17,623) (10,389)
Dividends paid (84,893) (72,315)
Net cash used in financing activities (994,274) (713,360)
Net increase (decrease) in cash, cash equivalents, and restricted cash (403,211) 683,227
Cash, cash equivalents, and restricted cash at beginning of period 1,849,177 1,094,553
Cash, cash equivalents, and restricted cash at end of period 1,445,966 1,777,780
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 13,215 2,757
Income taxes paid (refunded), net $ 365,061 $ 380,527