Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents $ 170,746 $ 131,702
Other receivables 79,317 70,355
Real estate 2,731,380 2,422,063
Real estate not owned 38,864 0
Deposits on real estate under option or contract 59,945 85,556
Investments in unconsolidated entities 17,068 17,097
Property and equipment, net 33,631 33,202
Deferred tax asset 35,162 53,320
Prepaids, other assets and goodwill 85,145 75,396
Total assets 3,251,258 2,888,691
Liabilities    
Accounts payable 140,516 140,682
Accrued liabilities 181,076 170,852
Home sale deposits 34,059 28,348
Liabilities related to real estate not owned 34,978 0
Loans payable and other borrowings 17,354 32,195
Senior and convertible senior notes, net 1,266,450 1,095,119
Total liabilities 1,674,433 1,467,196
Stockholders’ Equity    
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at December 31, 2017 and 2016 0 0
Common stock, par value $0.01. Authorized 125,000,000 shares; issued 40,330,741 and 40,030,518 shares at December 31, 2017 and 2016, respectively 403 400
Additional paid-in capital 584,578 572,506
Retained earnings 991,844 848,589
Total stockholders’ equity 1,576,825 1,421,495
Total liabilities and stockholders’ equity $ 3,251,258 $ 2,888,691