Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Inventories:
Housing completed or under construction	$ 1,705,424	$ 1,486,587
Land and land under development	1,310,721	1,345,643
Total inventories	3,016,145	2,832,230
Total Assets	4,382,930	3,864,920
LIABILITIES AND EQUITY
Total Liabilities	2,168,058	1,745,008
Stockholders' Equity
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding	0	0
Common stock, $0.01 par value; 250,000,000 shares authorized; 70,265,205 and 64,851,126 issued and outstanding at March 31, 2021 and December 31, 2020, respectively	703	649
Additional paid-in-capital	1,698,109	1,407,597
Retained earnings	516,060	711,666
Total Stockholders' Equity	2,214,872	2,119,912
Total Liabilities and Stockholders' Equity	4,382,930	3,864,920
Homebuilding:
ASSETS
Cash and cash equivalents	678,194	411,362
Restricted cash	17,314	15,343
Trade and other receivables	107,823	72,466
Inventories:
Housing completed or under construction	1,705,424	1,486,587
Land and land under development	1,310,721	1,345,643
Total inventories	3,016,145	2,832,230
Property and equipment, net	60,394	61,880
Deferred tax asset, net	12,802	11,454
Prepaids and other assets	107,428	101,685
Other assets	511	492
Total Assets	4,000,100	3,506,420
LIABILITIES AND EQUITY
Accounts payable	120,496	98,862
Accrued and other liabilities	333,880	300,735
Revolving credit facility	10,000	10,000
Senior notes, net	1,384,475	1,037,391
Total Liabilities	1,848,851	1,446,988
Financial Services:
ASSETS
Cash and cash equivalents	81,100	77,267
Inventories:
Mortgage loans held-for-sale, net	230,789	232,556
Other assets	70,941	48,677
Total Assets	382,830	358,500
LIABILITIES AND EQUITY
Total accounts payable and accrued liabilities	101,725	95,630
Mortgage repurchase facility	217,482	202,390
Total Liabilities	$ 319,207	$ 298,020

Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

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- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.