Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 311,466 $ 170,746
Other receivables 77,285 79,317
Real estate 2,742,621 2,731,380
Real estate not owned 0 38,864
Deposits on real estate under option or contract 51,410 59,945
Investments in unconsolidated entities 17,480 17,068
Property and equipment, net 54,596 33,631
Deferred tax asset 26,465 35,162
Prepaids, other assets and goodwill 84,156 85,145
Total assets 3,365,479 3,251,258
Liabilities    
Accounts payable 128,169 140,516
Accrued liabilities 177,862 181,076
Home sale deposits 28,636 34,059
Liabilities related to real estate not owned 0 34,978
Loans payable and other borrowings 14,773 17,354
Senior notes, net 1,295,284 1,266,450
Total liabilities 1,644,724 1,674,433
Stockholders’ Equity    
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at December 31, 2018 and 2017 0 0
Common stock, par value $0.01. Authorized 125,000,000 shares; 38,072,659 and 40,330,741 shares issued and outstanding at December 31, 2018 and 2017, respectively 381 403
Additional paid-in Capital 501,781 584,578
Retained earnings 1,218,593 991,844
Total stockholders’ equity 1,720,755 1,576,825
Total liabilities and stockholders’ equity $ 3,365,479 $ 3,251,258