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, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net earnings $ 613,537 $ 539,897
Adjustments to reconcile net earnings to net cash (used in)/provided by operating activities:    
Depreciation and amortization 19,358 17,576
Stock-based compensation 19,305 16,557
Loss on early extinguishment of debt (631) (907)
Equity in earnings from unconsolidated entities (3,925) (4,651)
Distributions of earnings from unconsolidated entities 4,005 5,158
Other 15,093 1,408
Changes in assets and liabilities:    
Increase in real estate (723,835) (137,543)
Increase in deposits on real estate under option or contract (96,404) (17,027)
Decrease/(increase) in other receivables, prepaids and other assets 7,307 (9,447)
Increase in accounts payable and accrued liabilities 21,387 37,085
(Decrease)/increase in home sale deposits (4,472) 10,172
Net cash (used in)/provided by operating activities (128,013) 460,092
Cash flows from investing activities:    
Payments to Acquire Interest in Joint Venture (10,442) (3,859)
Distributions of capital from unconsolidated entities 0 43
Purchases of property and equipment (21,174) (31,221)
Proceeds from sales of property and equipment 179 334
Maturities/sales of investments and securities 750 750
Payments to purchase investments and securities (750) (750)
Net cash used in investing activities (31,437) (34,703)
Cash flows from financing activities:    
Repayment of loans payable and other borrowings (7,850) (2,616)
Repayment of senior notes (250,695) (150,884)
Dividends paid (81,619) (29,695)
Payments of Debt Issuance Costs 17,332 0
Proceeds from Convertible Debt 575,000 0
CashPaidForCappedCall (61,790) 0
Repurchase of shares (85,932) (55,000)
Net cash provided by/(used in) financing activities 69,782 (238,195)
Net (decrease)/increase in cash and cash equivalents (89,668) 187,194
Cash and cash equivalents, beginning of period 921,227 861,561
Cash and cash equivalents, end of period $ 831,559 $ 1,048,755