Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Assets    
Cash and cash equivalents $ 262,208 $ 103,333
Other receivables 57,296 56,763
Real estate 2,098,302 1,877,682
Real estate not owned 0 4,999
Deposits on real estate under option or contract 87,839 94,989
Investments in unconsolidated entities 11,370 10,780
Property and equipment, net 33,970 32,403
Deferred tax asset 59,147 64,137
Prepaids, other assets and goodwill 80,390 71,052
Total assets 2,690,522 2,316,138
Liabilities    
Accounts payable 106,440 83,619
Accrued liabilities 161,163 154,144
Home sale deposits 36,197 29,379
Liabilities related to real estate not owned 0 4,299
Loans payable and other borrowings 23,867 30,722
Senior and convertible senior notes 1,103,918 904,486
Total liabilities 1,431,585 1,206,649
Stockholders’ Equity    
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at December 31, 2015 and 2014 0 0
Common stock, par value $0.01. Authorized 125,000,000 shares; issued 39,669,094 and 39,147,153 shares at December 31, 2015 and 2014, respectively 397 391
Additional paid-in capital 559,492 538,788
Retained earnings 699,048 570,310
Total stockholders’ equity 1,258,937 1,109,489
Total liabilities and stockholders’ equity $ 2,690,522 $ 2,316,138