Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 651,555 $ 921,227
Other receivables 256,282 266,972
Real estate 5,728,775 4,721,291
Real estate not owned 0  
Deposits on real estate under option or contract 192,405 111,364
Investments in unconsolidated entities 28,735 17,170
Property and equipment, net 47,285 48,953
Deferred tax assets, net 54,524 47,573
Prepaids, other assets and goodwill 203,093 218,584
Total assets 7,162,654 6,353,134
Liabilities    
Accounts payable 212,477 271,650
Accrued liabilities 452,213 424,764
Home sale deposits 20,513 36,605
Loans payable and other borrowings 29,343 13,526
Senior and convertible senior notes, net 1,306,535 994,689
Total liabilities 2,021,081 1,741,234
Stockholders’ Equity    
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at December 31, 2024 and 2023 0 0
Common stock, par value $0.01. Authorized 125,000,000 shares; 71,921,972 and 72,850,074 shares issued and outstanding at December 31, 2024 and 2023, respectively (1) 360 364
Additional paid-in capital 143,036 290,955
Retained earnings 4,998,177 4,320,581
Total stockholders’ equity 5,141,573 4,611,900
Total liabilities and stockholders’ equity $ 7,162,654 $ 6,353,134