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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended 12 Months Ended
Sep. 30, 2018
Sep. 30, 2019
Dec. 31, 2017
OPERATING ACTIVITIES      
Consolidated net income $ 70,000,000 $ 36,300,000 $ 52,300,000
Adjustments:      
Depreciation and amortization 3,900,000 6,700,000 5,500,000
Increase (Decrease) in Deferred Income Taxes (24,800,000) 9,500,000 (1,700,000)
Equity in earnings of unconsolidated ventures (4,800,000) (500,000) (17,800,000)
Distributions of earnings of unconsolidated ventures 3,500,000 4,900,000 23,000,000
Stock-based compensation expense 300,000 1,300,000 6,600,000
Asset impairments 300,000 1,300,000 47,200,000
Loss on extinguishment of debt 0 0 600,000
Gain (Loss) on Disposition of Assets 27,800,000 3,000,000 113,400,000
Other (900,000) (100,000) (800,000)
Changes in operating assets and liabilities:      
Increase (Decrease) in Inventories (361,100,000) (531,700,000) (17,700,000)
Increase (Decrease) in Other Operating Assets (1,600,000) 300,000 2,300,000
Increase (decrease) in accounts payable and other accrued liabilities 18,400,000 41,900,000 (7,800,000)
Earnest money deposits on sales contracts 37,500,000 40,500,000 600,000
Decrease in income taxes receivable 2,300,000 1,200,000 4,200,000
Net cash used in operating activities (283,000,000) (391,200,000) (15,300,000)
INVESTING ACTIVITIES      
Property, equipment, software and other (100,000) (900,000) (100,000)
Oil and gas properties and equipment 0 0 (2,400,000)
Investment in unconsolidated ventures 0 0 (4,500,000)
Proceeds from sale of assets 258,300,000 0 130,100,000
Return of investment in unconsolidated ventures 800,000 100,000 11,400,000
Net cash (used in) provided by investing activities 259,000,000 (800,000) 134,500,000
FINANCING ACTIVITIES      
Proceeds from Issuance of Common Stock 0 100,700,000 0
Payments of debt (500,000) (85,000,000) (10,000,000)
Additions to debt 200,000 435,000,000 3,000,000
Deferred financing fees (2,300,000) (6,900,000) (300,000)
Distributions to noncontrolling interests, net (1,400,000) (3,900,000) (2,100,000)
Settlement of equity awards 0 (100,000) (13,100,000)
Net cash provided by (used in) financing activities (4,000,000) 439,800,000 (22,500,000)
Net increase (decrease) in cash, cash equivalents and restricted cash (28,000,000) 47,800,000 96,700,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 335,000,000 382,800,000 363,000,000
Cash paid during the year for:      
Interest paid, net of amounts capitalized 900,000 0 3,300,000
Income taxes paid (refunded), net $ (3,400,000) $ (1,700,000) $ (2,700,000)