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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 807,506 $ 552,331
Adjustments to reconcile net income to net cash from operating activities:    
Deferred income tax expense 4,781 49,661
Land-related charges 3,254 12,181
Loss on debt retirement (see Note 4) 61,469 0
Goodwill impairment 0 20,190
Depreciation and amortization 35,407 31,538
Share-based compensation expense 21,603 16,682
Other, net (2,922) (975)
Increase (decrease) in cash due to:    
Inventories (632,647) 101,766
Residential mortgage loans available-for-sale (16,384) 114,139
Other assets (85,049) (3,772)
Accounts payable, accrued and other liabilities 235,050 (85,869)
Net cash provided by (used in) operating activities 432,068 807,872
Cash flows from investing activities:    
Capital expenditures (31,547) (36,746)
Investments in unconsolidated entities (15,920) (664)
Distributions of capital from unconsolidated entities 10,500 13,619
Business acquisition (10,400) (83,256)
Other investing activities, net (17) 1,597
Net cash provided by (used in) investing activities (47,384) (105,450)
Cash flows from financing activities:    
Repayments of notes payable (797,395) (10,106)
Borrowings under revolving credit facility 0 700,000
Repayments under revolving credit facility 0 (700,000)
Financial Services borrowings (repayments), net (59,193) (70,214)
Stock option exercises 11 99
Share repurchases (353,703) (95,676)
Cash paid for shares withheld for taxes (10,607) (14,853)
Dividends paid (74,910) (65,332)
Net cash provided by (used in) financing activities (1,295,797) (256,082)
Net increase (decrease) in cash, cash equivalents, and restricted cash (911,113) 446,340
Cash, cash equivalents, and restricted cash at beginning of period 2,632,235 1,251,456
Cash, cash equivalents, and restricted cash at end of period 1,721,122 1,697,796
Supplemental Cash Flow Information:    
Interest paid (capitalized), net 11,606 3,206
Income taxes paid (refunded), net $ 154,658 $ 5,865