Quarterly report [Sections 13 or 15(d)]

UNAUDITED CONSOLIDATED BALANCE SHEETS

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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 1,011,652 $ 651,555
Other receivables 262,103 256,282
Real estate 5,800,954 5,728,775
Deposits on real estate under option or contract 254,546 192,405
Investments in unconsolidated entities 31,288 28,735
Property and equipment, net 47,015 47,285
Deferred tax assets, net 54,145 54,524
Prepaids, other assets and goodwill 238,515 203,093
Total assets 7,700,218 7,162,654
Liabilities    
Accounts payable 229,845 212,477
Accrued liabilities 422,711 452,213
Home sale deposits 17,650 20,513
Loans payable and other borrowings 35,183 29,343
Senior and convertible senior notes, net 1,800,085 1,306,535
Total liabilities 2,505,474 2,021,081
Stockholders’ Equity    
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at March 31, 2025 and December 31, 2024 0 0
Common stock, par value $0.01. Authorized 125,000,000 shares; 71,830,262 and 71,921,972 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 718 360
Additional paid-in capital 103,930 143,036
Retained earnings 5,090,096 4,998,177
Total stockholders’ equity 5,194,744 5,141,573
Total liabilities and stockholders’ equity $ 7,700,218 $ 7,162,654