Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets:    
Cash and cash equivalents $ 84,105 $ 274,136
Investments and securities 9,857 89,687
Other receivables 56,178 38,983
Real estate 1,865,051 1,405,299
Real estate not owned 4,999 289
Deposits on real estate under option or contract 80,263 [1],[2] 51,595
Investments in unconsolidated entities 9,900 11,638
Property and equipment, net 31,979 22,099
Deferred tax asset 65,538 70,404
Prepaids, other assets and goodwill 64,942 39,231
Total assets 2,272,812 2,003,361
Liabilities:    
Accounts payable 105,068 68,018
Accrued liabilities 168,584 166,611
Home sale deposits 33,535 21,996
Liabilities related to real estate not owned 4,299 289
Senior, convertible senior notes and other borrowings 904,629 905,055
Total liabilities 1,216,115 1,161,969
Stockholders' Equity:    
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at September 30, 2014 and December 31, 2013 0 0
Common stock, par value $0.01. Authorized 125,000,000 shares; issued 39,125,006 and 36,244,071 shares at September 30, 2014 and December 31, 2013, respectively 391 362
Additional paid-in capital 535,204 412,961
Retained earnings 521,102 428,069
Total stockholders' equity 1,056,697 841,392
Total liabilities and stockholders' equity $ 2,272,812 $ 2,003,361
[1] (3)Except for our specific performance option contracts recorded on our balance sheet as Real estate not owned, none of our option agreements require us to purchase lots.
[2] Amount is reflected in our consolidated balance sheet in the line item Deposits on real estate under option or contract as of September 30, 2014.