XML 78 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 5,042 $ 3,497
Adjustments:    
Depreciation, depletion and amortization 6,292 2,364
Deferred income taxes 649 (1,464)
Tax benefits not recognized for book purposes 37 38
Equity in earnings of unconsolidated ventures (913) (724)
Distributions of earnings to noncontrolling interests (848) (632)
Share-based compensation 10,415 5,231
Real estate cost of sales 41,345 5,484
Dry hole exploration costs 742  
Real estate development and acquisition expenditures, net (17,568) (36,750)
Reimbursements from utility and improvement districts 209 108
Other changes in real estate 140 603
Deferred income 2,429 1,022
Gain on sale of assets   (11,909)
Other 129 187
Changes in:    
Notes and accounts receivable 643 (1,153)
Prepaid expenses and other (26) 203
Accounts payable and other accrued liabilities (17,103) (7,824)
Income taxes 833 (5,795)
Net cash provided by (used for) operating activities 32,447 (47,514)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property, equipment, software and reforestation and other (915) (863)
Oil and gas properties and equipment (12,980) (1,968)
Investment in unconsolidated ventures (745) (117)
Return of investment in unconsolidated ventures 1,065 266
Proceeds from sale of venture interest   32,095
Other 74  
Net cash provided by (used for) investing activities (13,501) 29,413
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of convertible senior notes, net 121,250  
Payments of debt (90,748) (27,414)
Additions to debt 27,712 33,692
Deferred financing fees (470) (31)
Distributions to noncontrolling interest   (40)
Exercise of stock options 533 1,138
Payroll taxes on restricted stock and stock options (1,024) (1,148)
Tax benefit from share-based compensation 54 390
Other 39 32
Net cash provided by financing activities 57,346 6,619
Net increase (decrease) in cash and cash equivalents 76,292 (11,482)
Cash and cash equivalents at beginning of period 10,361 18,283
Cash and cash equivalents at end of period $ 86,653 $ 6,801