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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES    
Net income $ 157.7 $ 142.5
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 13.6 12.3
Amortization of discounts and fees 1.4 1.3
Stock based compensation expense 10.4 11.4
Excess income tax benefit from employee stock awards (2.2) (1.2)
Deferred income taxes 13.4 12.3
Inventory and land option charges 2.0 6.0
Changes in operating assets and liabilities:    
Increase in construction in progress and finished homes (290.3) (179.5)
Decrease (increase) in residential land and lots – developed, under development, held for development and held for sale 8.4 (110.8)
Decrease (increase) in other assets 30.2 (2.9)
Decrease in mortgage loans held for sale 106.6 23.1
Decrease in accounts payable, accrued expenses and other liabilities (52.7) (43.5)
Net cash used in operating activities (1.5) (129.0)
INVESTING ACTIVITIES    
Purchases of property and equipment (20.1) (11.3)
Decrease in restricted cash 0.0 0.4
Net principal increase of other mortgage loans and real estate owned (2.1) (3.0)
Net cash used in investing activities (22.2) (13.9)
FINANCING ACTIVITIES    
Proceeds from notes payable 0.0 490.0
Repayment of notes payable (81.0) (450.9)
Proceeds from stock associated with certain employee benefit plans 17.0 4.6
Excess income tax benefit from employee stock awards 2.2 1.2
Cash dividends paid (29.6) (22.8)
Net cash (used in) provided by financing activities (91.4) 22.1
DECREASE IN CASH AND CASH EQUIVALENTS (115.1) (120.8)
Cash and cash equivalents at beginning of period 1,383.8 661.8
Cash and cash equivalents at end of period 1,268.7 541.0
Supplemental disclosures of non-cash activities:    
Notes payable issued for inventory 2.9 5.5
Stock issued under employee incentive plans $ 8.1 $ 8.3