Annual report [Section 13 and 15(d), not S-K Item 405]

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION (Tables)

v3.25.4
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2025
Supplemental Cash Flow Elements [Abstract]  
Schedule of Supplemental Cash Flow Information
The amounts of cash taxes paid are as follows (in thousands):

  Years Ended December 31,
  2025 2024 2023
Federal $ 127,650  163,000  167,700 
State
California 6,520  15,400  12,000 
All other states 20,060  30,116  32,393 
Total income taxes, net of amounts refunded 154,230  208,516  212,093 
The following table presents certain supplemental cash flow information (in thousands):
Years Ended December 31,
2025 2024 2023
Cash paid during the year for:
Interest, net of interest capitalized $ (15,702) $ (5,506) $ (1,454)
Income taxes paid, net $ 154,230  $ 208,516  $ 212,093 
Non-cash operating activities:
Real estate acquired through notes payable $ 7,990  $ 24,750  $ 9,267 
Non-cash investing and financing activities:
Distributions of real estate from unconsolidated joint ventures, net $ 3,090  $ 9,594  $ —