Quarterly report [Sections 13 or 15(d)]

UNAUDITED CONSOLIDATED BALANCE SHEETS

v3.25.2
UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 930,463 $ 651,555
Other receivables 270,836 256,282
Real estate 5,963,674 5,728,775
Deposits on real estate under option or contract 221,359 192,405
Investments in unconsolidated entities 34,676 28,735
Property and equipment, net 46,449 47,285
Deferred tax assets, net 52,397 54,524
Prepaids, other assets and goodwill 236,515 203,093
Total assets 7,756,369 7,162,654
Liabilities    
Accounts payable 242,081 212,477
Accrued liabilities 406,436 452,213
Home sale deposits 10,949 20,513
Loans payable and other borrowings 26,120 29,343
Senior and convertible senior notes, net 1,801,609 1,306,535
Total liabilities 2,487,195 2,021,081
Stockholders’ Equity    
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, par value $0.01. Authorized 125,000,000 shares; 71,156,138 and 71,921,972 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 712 360
Additional paid-in capital 62,084 143,036
Retained earnings 5,206,378 4,998,177
Total stockholders’ equity 5,269,174 5,141,573
Total liabilities and stockholders’ equity $ 7,756,369 $ 7,162,654