Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net earnings $ 729,827 $ 499,984
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 17,545 19,892
Stock-based compensation 16,897 14,435
Loss on early extinguishment of debt 0 18,188
Equity in earnings from unconsolidated entities (3,703) (2,878)
Distributions of earnings from unconsolidated entities 3,785 3,324
Other 11,154 (3,085)
Changes in assets and liabilities:    
Increase in real estate (990,106) (810,731)
Decrease/(increase) in deposits on real estate under option or contract 176 (18,453)
Increase in other receivables, prepaids and other assets (89,177) (51,611)
Increase in accounts payable and accrued liabilities 118,636 67,301
Increase in home sale deposits 15,157 14,928
Net cash used in operating activities (169,809) (248,706)
Cash flows from investing activities:    
Investments in unconsolidated entities (5,674) (1)
Purchases of property and equipment (19,537) (17,910)
Proceeds from sales of property and equipment 328 404
Maturities/sales of investments and securities 1,032 2,795
Payments to purchase investments and securities (1,032) (2,795)
Net cash used in investing activities (24,883) (17,507)
Cash flows from financing activities:    
Repayments of Other Debt (14,953) (6,308)
Repayment of senior notes 0 (317,690)
Proceeds from issuance of senior notes 0 450,000
Payment of debt issuance costs 0 (6,102)
Repurchase of shares (109,303) (37,017)
Net cash (used in)/provided by financing activities (124,256) 82,883
Net decrease in cash and cash equivalents (318,948) (183,330)
Cash and cash equivalents, beginning of period 618,335 745,621
Cash and cash equivalents, end of period $ 299,387 $ 562,291