XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 552,331 $ 407,798
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 49,661 51,458
Land-related charges 12,181 6,810
Goodwill impairment 20,190 0
Depreciation and amortization 31,538 26,497
Share-based compensation expense 16,682 17,304
Other, net (975) 2,664
Increase (decrease) in cash due to:    
Inventories 101,766 (399,520)
Residential mortgage loans available-for-sale 114,139 116,974
Other assets (3,772) 31,593
Accounts payable, accrued and other liabilities (85,869) 44,129
Net cash provided by (used in) operating activities 807,872 305,707
Cash flows from investing activities:    
Capital expenditures (36,746) (29,575)
Investments in unconsolidated entities 12,955  
Investments in unconsolidated entities   (4,664)
Business acquisition (83,256) (163,724)
Other investing activities, net 1,597 4,592
Net cash provided by (used in) investing activities (105,450) (193,371)
Cash flows from financing activities:    
Repayments of notes payable (10,106) (297,303)
Borrowings under revolving credit facility 700,000 0
Repayments under revolving credit facility (700,000) 0
Financial Services borrowings (repayments) (70,214) (114,226)
Stock option exercises 99 5,208
Share repurchases (95,676) (108,471)
Cash paid for shares withheld for taxes (14,853) (10,350)
Dividends paid (65,332) (61,620)
Net cash provided by (used in) financing activities (256,082) (586,762)
Net increase (decrease) in cash, cash equivalents, and restricted cash 446,340 (474,426)
Cash, cash equivalents, and restricted cash at beginning of period 1,251,456 1,133,700
Cash, cash equivalents, and restricted cash at end of period 1,697,796 659,274
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 3,206 5,560
Income taxes paid (refunded), net $ 5,865 $ 12,618