Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 921,227 $ 861,561
Other receivables 266,972 215,019
Real estate 4,721,291 4,358,263
Real estate not owned 0  
Deposits on real estate under option or contract 111,364 76,729
Investments in unconsolidated entities 17,170 11,753
Property and equipment, net 48,953 38,635
Deferred tax assets, net 47,573 45,452
Prepaids, other assets and goodwill 218,584 164,689
Total assets 6,353,134 5,772,101
Liabilities    
Accounts payable 271,650 273,267
Accrued liabilities 424,764 360,615
Home sale deposits 36,605 37,961
Loans payable and other borrowings 13,526 7,057
Senior notes, net 994,689 1,143,590
Total liabilities 1,741,234 1,822,490
Stockholders’ Equity    
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at December 31, 2023 and 2022 0 0
Common stock, par value $0.01. Authorized 125,000,000 shares; 36,425,037 and 36,571,393 shares issued and outstanding at December 31, 2023 and 2022, respectively 364 366
Additional paid-in capital 290,955 327,878
Retained earnings 4,320,581 3,621,367
Total stockholders’ equity 4,611,900 3,949,611
Total liabilities and stockholders’ equity $ 6,353,134 $ 5,772,101