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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Inventories:    
Housing completed or under construction $ 1,733,515 $ 1,722,061
Land and land under development 1,411,753 1,793,718
Total inventories 3,145,268 3,515,779
Total Assets 5,413,531 5,363,272
LIABILITIES AND EQUITY    
Total Liabilities 2,192,428 2,271,488
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; 74,544,221 and 72,585,596 issued and outstanding at June 30, 2023 and December 31, 2022, respectively 745 726
Additional paid-in-capital 1,812,299 1,784,173
Retained earnings 1,407,969 1,306,885
Accumulated other comprehensive income 90 0
Total Stockholders' Equity 3,221,103 3,091,784
Total Liabilities and Stockholders' Equity 5,413,531 5,363,272
Homebuilding:    
ASSETS    
Cash and cash equivalents 1,011,748 696,075
Restricted cash 3,503 3,143
Marketable securities 597,152 443,712
Trade and other receivables 67,497 116,364
Inventories:    
Housing completed or under construction 1,733,515 1,722,061
Land and land under development 1,411,753 1,793,718
Total inventories 3,145,268 3,515,779
Property and equipment, net 63,014 63,730
Deferred tax asset, net 46,607 49,252
Prepaids and other assets 68,073 70,007
Total Assets 5,002,862 4,958,062
LIABILITIES AND EQUITY    
Accounts payable 133,190 109,218
Accrued and other liabilities 341,773 383,406
Revolving credit facility 10,000 10,000
Senior notes, net 1,482,985 1,482,576
Total Liabilities 1,967,948 1,985,200
Financial Services:    
ASSETS    
Cash and cash equivalents 140,615 17,877
Marketable securities 79,413 117,388
Inventories:    
Mortgage loans held-for-sale, net 158,746 229,513
Other assets 31,895 40,432
Total Assets 410,669 405,210
LIABILITIES AND EQUITY    
Accounts payable and accrued liabilities 101,329 110,536
Mortgage repurchase facility 123,151 175,752
Total Liabilities $ 224,480 $ 286,288