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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES    
Net income $ 432.5 $ 286.7
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 19.0 16.9
Amortization of discounts and fees 3.1 2.6
Stock-based compensation expense 16.6 18.1
Equity in earnings of unconsolidated entities (0.5) (0.6)
Distributions of earnings of unconsolidated entities 0.0 0.5
Deferred income taxes 7.2 3.9
Inventory and land option charges 3.8 8.0
Gain on sale of assets (31.1) (2.0)
Changes in operating assets and liabilities:    
Increase in construction in progress and finished homes (334.8) (500.3)
Increase in residential land and lots – developed, under development, held for development and held for sale (373.1) (435.9)
Decrease (increase) in other assets 2.0 (34.0)
Net decrease in mortgage loans held for sale 46.9 174.2
Increase in accounts payable, accrued expenses and other liabilities 94.6 88.8
Net cash (used in) provided by operating activities (113.8) (373.1)
INVESTING ACTIVITIES    
Expenditures for property and equipment (21.6) (20.2)
Proceeds from sale of assets 62.8 10.4
Expenditures related to rental properties (59.6) (11.4)
Return of investment in unconsolidated entities 1.9 4.4
Net principal increase of other mortgage loans and real estate owned (0.6) (0.6)
Payments related to business acquisitions (0.7) (293.0)
Net cash (used in) provided by investing activities (17.8) (310.4)
FINANCING ACTIVITIES    
Proceeds from notes payable 495.7 578.3
Repayment of notes payable 0.0 (276.1)
Payments on mortgage repurchase facility, net (38.6) (163.8)
Proceeds from stock associated with certain employee benefit plans 4.1 8.6
Cash paid for shares withheld for taxes (17.3) (4.1)
Cash dividends paid (64.6) (56.0)
Repurchases of common stock (163.1) (140.6)
Distributions to noncontrolling interests, net (0.4) (0.5)
Proceeds from (Payments for) Other Financing Activities (2.3) 0.0
Net cash (used in) provided by financing activities 213.5 (54.2)
Net increase (decrease) in cash, cash equivalents and restricted cash 81.9 (737.7)
Cash, cash equivalents and restricted cash at beginning of period 1,514.0 1,506.0
Cash, cash equivalents and restricted cash at end of period 1,595.9 768.3
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES:    
Stock issued under employee incentive plans 31.8 9.4
Capital Expenditures Incurred but Not yet Paid 7.7 15.2
Accrual for holdback payment related to acquisition $ 9.5 $ 27.7