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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash Flows From Operating Activities:    
Net income $ 21,824 $ 8,523
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
(Income) loss from unconsolidated joint ventures (1,134) 1,522
Cash distributions of income from unconsolidated joint ventures 1,875  
Depreciation and amortization 656 606
Loss on disposal of property and equipment 15  
Amortization of stock-based compensation 1,531 1,074
Deferred income taxes 13,374  
Deposit write-offs   133
Changes in cash and equivalents due to:    
Trade and other receivables (8,916) (6,991)
Mortgage loans held for sale 140 8,533
Inventories - owned (73,030) (44,201)
Inventories - not owned (4,940) (2,627)
Other assets 1,829 1,028
Accounts payable (1,578) 1,915
Accrued liabilities (10,107) (11,633)
Net cash provided by (used in) operating activities (58,461) (42,118)
Cash Flows From Investing Activities:    
Investments in unconsolidated homebuilding joint ventures (2,552) (2,867)
Distributions of capital from unconsolidated homebuilding joint ventures 1,320 989
Other investing activities (369) (468)
Net cash provided by (used in) investing activities (1,601) (2,346)
Cash Flows From Financing Activities:    
Change in restricted cash (662) 3,574
Principal payments on secured project debt and other notes payable (7,093) (466)
Net proceeds from (payments on) mortgage credit facilities 1,117 2,721
Proceeds from the exercise of stock options 6,458 778
Net cash provided by (used in) financing activities (180) 6,607
Net increase (decrease) in cash and equivalents (60,242) (37,857)
Cash and equivalents at beginning of period 346,555 410,522
Cash and equivalents at end of period 286,313 372,665
Homebuilding restricted cash at end of period 27,562 27,798
Financial services restricted cash at end of period 2,420 1,295
Cash and equivalents and restricted cash at end of period $ 316,295 $ 401,758