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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2011
OPERATING ACTIVITIES      
Net income $ 462.7 $ 956.3 $ 71.8
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation and Amortization 22.7 18.8 19.9
Amortization of discounts and fees 39.7 40.4 37.2
Stock based compensation expense 19.0 18.1 14.2
Income tax benefit from stock option exercises (6.7) 0 0
Deferred income taxes 130.9 (709.5) 0
(Gain) loss on early retirement of debt, net 0 (0.1) 10.8
Gain on sale of marketable securities (0.2) (0.2) (0.1)
Inventory impairments and land option charges 31.1 6.2 45.4
Changes in operating assets and liabilities:      
(Increase) decrease in construction in progress and finished homes (815.3) (275.4) (91.4)
(Increase) decrease in residential land and lots - developed, under development, and held for development (1,235.6) (371.0) 16.9
(Increase) decrease in other assets 16.5 (37.4) 32.7
(Increase) decrease in income taxes receivable 14.4 (2.0) 3.6
Increase in mortgage loans held for sale (49.8) (51.2) (40.3)
Increase (decrease) in accounts payable, accrued expenses and other liabilities 139.5 113.6 (101.8)
Net cash (used in) provided by operating activities (1,231.1) (293.4) 18.9
INVESTING ACTIVITIES      
Purchases of property and equipment (58.0) (33.6) (16.3)
Purchases of marketable securities (28.9) (240.8) (300.1)
Proceeds from the sale or maturity of marketable securities 325.4 232.8 292.5
(Increase) decrease in restricted cash (28.5) (0.2) 4.6
Net principal increase of other mortgage loans and real estate owned (2.5) (4.7) (4.0)
Purchases of debt securities collateralized by residential real estate (18.6) 0 0
Proceeds from Sale and Maturity of Other Investments 1.4 0 0
Payments related to acquisition of a business (9.4) (96.5) 0
Net cash used in investing activities 180.9 (143.0) (23.3)
FINANCING ACTIVITIES      
Proceeds from notes payable 1,307.9 765.9 30.0
Repayment of notes payable (345.1) (17.5) (519.3)
Proceeds from stock associated with certain employee benefit plans 29.7 50.9 3.4
Income tax benefit from stock option exercises 6.7 0 0
Cash dividends paid (60.2) (47.8) (47.8)
Purchase of treasury stock 0 0 (38.6)
Net cash provided by (used in) financing activities 939.0 751.5 (572.3)
Increase (decrease) in cash and cash equivalents (111.2) 315.1 (576.7)
Cash and cash equivalents at beginning of year 1,047.7 732.6 1,309.3
Cash and cash equivalents at end of year 936.5 1,047.7 732.6
Supplemental cash flow information:      
Interest paid, net of amounts capitalized 5.6 19.5 66.3
Income taxes paid (refunded), net 34.8 6.1 (1.9)
Supplemental disclosures of non-cash activities:      
Notes payable issued for inventory 11.4 4.1 1.9
Stock issued under Performance Unit Plan 3.9 3.1 4.6
Accrual for holdback payment related to acquisition $ 0 $ 9.4 $ 0