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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES    
Net income $ 602.6 $ 511.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 41.4 39.7
Amortization of discounts and fees 4.1 4.1
Stock based compensation expense 36.8 31.7
Excess income tax benefit from employee stock awards (6.3) (7.3)
Deferred income taxes 46.7 20.7
Inventory and land option charges 16.0 34.0
Gain on sale of debt securities collateralized by residential real estate (4.5) 0.0
Changes in operating assets and liabilities:    
Increase in construction in progress and finished homes (879.1) (252.1)
Decrease (increase) in residential land and lots – developed, under development, held for development and held for sale 151.3 (120.7)
Increase in other assets (4.6) (3.2)
Increase in mortgage loans held for sale (3.5) (91.5)
Increase in accounts payable, accrued expenses and other liabilities 87.7 21.4
Net cash provided by operating activities 88.6 188.6
INVESTING ACTIVITIES    
Purchases of property and equipment (65.2) (43.3)
Increase in restricted cash (2.1) (1.7)
Net principal decrease (increase) of other mortgage loans and real estate owned 4.3 (6.3)
Proceeds from sale (purchases) of debt securities collateralized by residential real estate 35.8 (14.8)
Payments related to acquisition of a business 0.0 (68.7)
Net cash used in investing activities (27.2) (134.8)
FINANCING ACTIVITIES    
Proceeds from notes payable 26.3 1,560.8
Repayment of notes payable (543.9) (1,433.5)
Proceeds from stock associated with certain employee benefit plans 61.8 24.0
Excess income tax benefit from employee stock awards 6.3 7.3
Cash dividends paid (88.9) (68.6)
Net cash (used in) provided by financing activities (538.4) 90.0
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (477.0) 143.8
Cash and cash equivalents at beginning of period 1,383.8 661.8
Cash and cash equivalents at end of period 906.8 805.6
Supplemental disclosures of non-cash activities:    
Notes payable issued for inventory 4.2 8.1
Stock issued under employee incentive plans 19.9 8.3
Accrual for holdback payment related to acquisition $ 0.0 $ 2.0