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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net Income (Loss) $ 1,131,282 $ 1,472,109
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 19,798 89,321
Land-related charges 42,184 7,798
Depreciation and amortization 49,714 42,891
Equity income from unconsolidated entities (911) (40,069)
Distributions of income from unconsolidated entities 3,060 2,358
Share-based compensation expense 30,973 29,084
Other, net (380) 120
Increase (decrease) in cash due to:    
Inventories (533,041) (473,665)
Residential mortgage loans available-for-sale 47,986 (55,346)
Other assets (175,258) (294,335)
Accounts payable, accrued and other liabilities (193,674) (123,002)
Net cash provided by operating activities 421,733 657,264
Cash flows from investing activities:    
Capital expenditures (64,138) (55,317)
Investments in unconsolidated entities (7,954) (9,096)
Distributions of capital from unconsolidated entities 39,419 3,474
Other investing activities, net (6,509) (5,262)
Net cash used in investing activities (39,182) (66,201)
Cash flows from financing activities:    
Repayments of notes payable (9,163) (318,288)
Financial Services borrowings (repayments), net (28,549) 24,416
Proceeds from liabilities related to consolidated inventory not owned 16,633 32,721
Payments related to consolidated inventory not owned (22,438) (70,608)
Share repurchases (600,000) (559,999)
Excise tax on share repurchases (11,550) 0
Cash paid for shares withheld for taxes (23,761) (17,623)
Dividends paid (90,077) (84,893)
Net cash used in financing activities (768,905) (994,274)
Net increase (decrease) in cash, cash equivalents, and restricted cash (386,354) (403,211)
Cash, cash equivalents, and restricted cash at beginning of period 1,653,680 1,849,177
Cash, cash equivalents, and restricted cash at end of period 1,267,326 1,445,966
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 8,088 13,215
Income taxes paid (refunded), net $ 392,286 $ 365,061