Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Inventories:
Housing completed or under construction	$ 2,385,563	$ 1,917,616
Land and land under development	1,717,022	1,843,235
Total inventories	4,102,585	3,760,851
Total Assets	5,232,827	4,963,528
LIABILITIES AND EQUITY
Total Liabilities	2,358,510	2,366,382
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; 71,157,875 and 70,668,093 issued and outstanding at June 30, 2022 and December 31, 2021, respectively	712	707
Additional paid-in-capital	1,719,642	1,709,276
Retained earnings	1,153,963	887,163
Total Stockholders' Equity	2,874,317	2,597,146
Total Liabilities and Stockholders' Equity	5,232,827	4,963,528
Homebuilding:
ASSETS
Cash and cash equivalents	475,254	485,839
Restricted cash	5,994	12,799
Trade and other receivables	121,202	98,580
Inventories:
Housing completed or under construction	2,385,563	1,917,616
Land and land under development	1,717,022	1,843,235
Total inventories	4,102,585	3,760,851
Property and equipment, net	61,574	60,561
Deferred tax asset, net	16,735	17,942
Prepaids and other assets	95,956	106,562
Other assets	201	199
Total Assets	4,879,300	4,543,134
LIABILITIES AND EQUITY
Accounts payable	186,252	149,488
Accrued and other liabilities	397,349	370,910
Revolving credit facility	10,000	10,000
Senior notes, net	1,482,174	1,481,781
Total Liabilities	2,075,775	2,012,179
Financial Services:
ASSETS
Cash and cash equivalents	114,989	104,821
Inventories:
Mortgage loans held-for-sale, net	190,070	282,529
Other assets	48,468	33,044
Total Assets	353,527	420,394
LIABILITIES AND EQUITY
Total accounts payable and accrued liabilities	107,170	97,903
Mortgage repurchase facility	175,565	256,300
Total Liabilities	$ 282,735	$ 354,203

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.