7Baggers
Quarterly
Annual
    Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2005-12-31 2004-12-31 2004-09-30 2004-06-30 2004-03-31 2003-12-31 
      
    		                                                                      
      operating activities
    		                                                                      
      net income
    		1,033,100,000 819,100,000 851,900,000 1,299,800,000 1,366,800,000 1,183,700,000 955,700,000 1,525,500,000 1,351,800,000 949,600,000 968,300,000 1,648,200,000 1,659,300,000 1,442,300,000 1,145,800,000 1,345,500,000 1,116,600,000 933,900,000 795,200,000 831,200,000 632,900,000 483,900,000 432,500,000 503,900,000 473,600,000 354,400,000 286,700,000 468,900,000 453,700,000 350,900,000 188,800,000 313,300,000 289,000,000 229,200,000 206,900,000 283,700,000 249,800,000 195,100,000 157,700,000 238,900,000 221,400,000 147,900,000 142,500,000 166,200,000 113,200,000 130,900,000 123,200,000 139,500,000 145,900,000 111,000,000 66,300,000 100,100,000 787,900,000 40,600,000 27,700,000 35,800,000 28,600,000 27,800,000 -20,400,000 -8,800,000 50,500,000 11,400,000 192,000,000 -231,900,000 310,100,000 241,000,000 349,633,000 251,296,000 188,557,000 185,614,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                                                      
      depreciation and amortization
    		25,200,000 24,600,000 24,100,000 23,600,000 22,400,000 21,100,000 20,000,000 21,400,000 23,700,000 26,700,000 19,800,000 21,200,000 20,900,000 19,900,000 19,400,000 17,200,000 17,400,000 18,900,000 20,400,000 23,000,000 18,600,000 19,800,000 19,000,000 19,600,000 18,300,000 17,200,000 16,900,000 15,800,000 13,500,000 16,900,000 16,200,000 14,300,000 13,100,000 12,900,000 14,400,000 19,600,000 13,800,000 14,000,000 13,600,000 14,400,000 14,300,000 13,100,000 12,300,000 11,800,000 9,900,000 8,900,000 7,800,000 6,700,000 5,900,000 5,300,000 4,800,000            4,900,000 5,000,000 12,700,000 14,000,000 15,216,000 12,506,000 10,402,000 11,476,000 
      stock-based compensation expense
    		25,900,000 32,200,000 43,000,000 25,400,000 26,800,000 25,000,000 40,900,000 30,600,000 29,300,000 28,400,000 22,900,000 25,700,000 24,800,000 30,900,000 23,700,000 21,700,000 22,600,000 25,400,000 21,700,000 18,600,000 21,300,000 21,300,000 16,600,000 19,300,000 18,000,000 17,800,000 18,100,000                                            
      deferred income taxes
    		8,100,000 53,000,000 40,100,000 -10,900,000 10,000,000 8,600,000 11,300,000 -65,200,000 -9,400,000 25,500,000 3,200,000 14,800,000 -9,300,000 5,900,000 17,700,000 -7,900,000 -4,700,000 -300,000 2,900,000 13,100,000 -9,000,000 2,800,000 7,200,000 8,400,000 -900,000 8,700,000 3,900,000 10,600,000 15,300,000 18,700,000 126,300,000 18,800,000 67,900,000 15,800,000 8,300,000 28,600,000 17,100,000 16,200,000 13,400,000 -17,600,000 3,300,000 5,100,000 12,300,000 13,600,000 -12,900,000 8,600,000 8,100,000 51,400,000 40,800,000 3,500,000 35,200,000 7,200,000            165,400,000       
      inventory and land option charges
    		54,200,000 30,000,000 16,600,000 44,400,000 14,800,000 13,500,000 6,100,000 18,100,000 10,800,000 23,900,000 27,500,000 39,800,000 10,600,000 15,200,000 4,800,000 11,000,000 5,500,000 3,800,000 8,300,000 6,000,000 5,000,000 9,000,000 3,800,000 13,000,000 19,200,000 13,800,000 8,000,000 7,600,000 9,000,000 30,100,000 3,700,000 20,300,000 5,400,000 12,200,000 2,300,000 15,400,000 8,100,000 5,900,000 2,000,000 26,300,000 15,400,000 12,600,000 6,000,000 21,300,000 56,800,000 4,500,000 2,600,000 27,100,000                       
      changes in operating assets and liabilities:
    		                                                                      
      increase in construction in progress and finished homes
    		    -153,900,000 -242,700,000 -466,400,000     1,004,900,000 -926,500,000 -1,133,700,000 -1,003,700,000 4,800,000 -443,900,000 -704,600,000 -591,200,000 -136,800,000 122,100,000 -389,600,000 -334,800,000  362,200,000 -254,900,000 -500,300,000 107,800,000 -76,100,000 -212,200,000 -302,300,000 286,500,000 -267,400,000 -357,200,000 -246,300,000 382,900,000 -226,300,000 -362,500,000 -290,300,000  123,500,000 -196,100,000 -179,500,000 -158,800,000 -423,000,000 -142,400,000 -194,000,000 -123,200,000 -258,600,000 -206,700,000 -226,800,000 -70,600,000 -132,600,000   56,800,000 -99,900,000        -458,900,000      
      increase in residential land and lots –developed, under development, held for development and held for sale
    		107,800,000 -345,400,000 -1,243,500,000  -641,000,000 -433,300,000 -937,800,000  -246,300,000 -31,200,000 -637,500,000  -476,700,000 -187,700,000 -340,700,000  -374,600,000 -258,400,000 -716,800,000  -37,700,000                                                  
      increase in rental properties
    		-14,800,000 -129,500,000 -86,500,000 161,100,000 11,200,000 -130,400,000 -256,500,000 625,500,000 -88,100,000 -332,200,000 -357,000,000 -593,600,000 -473,700,000 -336,400,000 -319,500,000 -107,600,000                                                       
      increase in other assets
    		-13,600,000   -177,000,000   -130,000,000     -334,200,000 -160,600,000 -394,900,000 -221,800,000 -72,500,000 -72,000,000 -170,300,000 -124,900,000 -88,500,000 90,900,000   -23,500,000 -98,200,000 -5,900,000 -34,000,000 -76,000,000    -34,200,000 400,000 -25,000,000 -4,900,000 -11,700,000    -26,600,000 7,900,000 -8,200,000 -2,900,000         -33,500,000 -6,900,000          -10,100,000        
      increase in mortgage loans held for sale
    		    93,600,000   -105,500,000    -303,600,000 160,300,000               -116,400,000 -21,700,000       -8,900,000    -62,600,000 -50,800,000   -57,700,000    -36,900,000 36,100,000   -50,200,000 2,200,000   -7,900,000    62,300,000 -79,000,000          
      increase in accounts payable, accrued expenses and other liabilities
    		  71,000,000    127,500,000 236,700,000 64,900,000 68,900,000 -472,300,000 -900,000 442,700,000 287,500,000 306,200,000 109,400,000 -82,400,000 563,500,000 254,600,000 152,600,000 260,900,000 58,100,000 94,600,000 -22,400,000 88,900,000 -29,100,000 88,800,000 23,500,000   24,800,000 -40,500,000   22,800,000 -35,600,000    38,900,000    117,500,000 118,100,000   -3,100,000 80,100,000   70,700,000     31,000,000    -28,600,000          
      net cash from operating activities
    		738,600,000 -436,200,000 646,700,000 1,961,600,000 698,300,000 -316,700,000 -153,400,000 2,043,000,000 787,500,000 644,500,000 829,100,000 1,124,600,000 271,800,000 -660,500,000 -174,100,000 568,900,000 120,400,000 97,200,000 -252,100,000 832,700,000 984,000,000 -281,300,000 -113,800,000 811,400,000 542,400,000 -88,600,000 -373,100,000 238,700,000 405,300,000 -23,800,000 -75,000,000 625,900,000 -50,000,000 -107,500,000 -33,300,000 529,400,000 61,700,000 28,400,000 -1,500,000 511,800,000 357,400,000 -39,800,000 -129,000,000 -86,300,000 -308,200,000 -259,400,000 -7,500,000 -94,800,000 -296,000,000 -183,800,000 -656,500,000 -120,900,000 -94,600,000 -79,300,000 -3,300,000 90,200,000 -54,200,000 -70,600,000 49,500,000 122,300,000 159,300,000 207,800,000 220,000,000 39,200,000 -1,012,600,000 -559,100,000 140,508,000 -103,409,000 -307,439,000 -152,160,000 
      capex
    		-46,000,000 -34,300,000 -13,300,000 -32,000,000 -62,000,000 -23,700,000 -47,600,000 -40,300,000 -29,100,000 -31,700,000 -47,500,000 -40,200,000 -35,500,000 -41,600,000 -30,900,000 -47,500,000 -15,500,000 -11,100,000 5,500,000 -29,700,000 -17,200,000 -25,100,000 -13,900,000 -21,900,000 -35,500,000 -49,600,000 -20,200,000 42,000,000 -31,100,000 -34,600,000 -44,400,000 0 -46,000,000 -35,300,000 -22,200,000 -20,900,000 -24,800,000 -20,300,000 -20,100,000 -12,800,000 -19,300,000 -12,700,000 -11,300,000 -50,300,000 -17,100,000 -14,500,000 -18,300,000 -17,400,000 -15,300,000 -11,300,000 -14,000,000 -9,800,000 -18,300,000 -3,100,000 -2,400,000 -3,500,000 -4,600,000 -4,500,000 -3,700,000 -3,600,000 -7,900,000 -5,200,000 -2,500,000 0 -18,400,000 -14,100,000 -15,943,000 -14,642,000 -13,400,000 -11,215,000 
      free cash flows
    		692,600,000 -470,500,000 633,400,000 1,929,600,000 636,300,000 -340,400,000 -201,000,000 2,002,700,000 758,400,000 612,800,000 781,600,000 1,084,400,000 236,300,000 -702,100,000 -205,000,000 521,400,000 104,900,000 86,100,000 -246,600,000 803,000,000 966,800,000 -306,400,000 -127,700,000 789,500,000 506,900,000 -138,200,000 -393,300,000 280,700,000 374,200,000 -58,400,000 -119,400,000 625,900,000 -96,000,000 -142,800,000 -55,500,000 508,500,000 36,900,000 8,100,000 -21,600,000 499,000,000 338,100,000 -52,500,000 -140,300,000 -136,600,000 -325,300,000 -273,900,000 -25,800,000 -112,200,000 -311,300,000 -195,100,000 -670,500,000 -130,700,000 -112,900,000 -82,400,000 -5,700,000 86,700,000 -58,800,000 -75,100,000 45,800,000 118,700,000 151,400,000 202,600,000 217,500,000 39,200,000 -1,031,000,000 -573,200,000 124,565,000 -118,051,000 -320,839,000 -163,375,000 
      investing activities
    		                                                                      
      expenditures for property and equipment
    		-46,000,000 -34,300,000 -13,300,000 -32,000,000 -62,000,000 -23,700,000 -47,600,000 -40,300,000 -29,100,000 -31,700,000 -47,500,000 -40,200,000 -35,500,000 -41,600,000 -30,900,000 -47,500,000 -15,500,000 -14,200,000 -16,300,000 -29,700,000 -19,200,000 -26,000,000 -21,600,000 -21,900,000 -35,500,000 -49,600,000 -20,200,000 42,000,000 -31,100,000 -34,600,000 -44,400,000                                        
      proceeds from sale of assets
    		   4,500,000 5,000,000 0 9,900,000         0 5,800,000 0 31,800,000 0 0 67,000,000 62,800,000 0 60,000,000 73,400,000 10,400,000 31,800,000 7,700,000                                          
      payments related to business acquisitions, net of cash acquired
    		0 -2,100,000 -51,000,000 -2,500,000 -36,900,000 0 -1,000,000 -10,900,000   -97,100,000 0            -4,900,000 -1,300,000 -16,600,000 -293,000,000 -1,100,000 0                                          
      other investing activities
    		-1,400,000 -1,000,000 7,200,000 500,000 -1,200,000 -3,000,000 -600,000 -2,500,000 -300,000 400,000 1,700,000 -1,800,000 2,800,000 -600,000 4,400,000                                                        
      net cash from investing activities
    		-29,000,000 -37,400,000 -57,100,000 -29,500,000 -95,100,000 -26,700,000 -39,300,000 -1,700,000 -127,900,000 -37,700,000 -142,900,000 -42,000,000 -304,200,000 -42,200,000 -26,500,000 -45,300,000 -10,800,000 -104,700,000 -91,400,000 -65,700,000 -65,800,000 -16,800,000 -17,800,000 -67,700,000 -5,200,000 -10,700,000 -310,400,000 37,300,000 -27,200,000 190,700,000 -198,200,000 -50,000,000 -47,600,000 -42,100,000 -31,300,000 -85,400,000 -20,500,000 15,500,000 -22,200,000 39,400,000 -105,500,000 -15,400,000 -13,900,000 -64,400,000 -146,700,000 -13,700,000 -57,300,000 -28,100,000 -29,000,000 85,800,000 152,200,000 -130,200,000 -5,700,000 -1,600,000 -800,000 -4,800,000 -16,800,000 -500,000 2,800,000 600,000 -116,700,000 -201,500,000 -400,000  -18,400,000 -14,100,000 -15,943,000 -14,642,000 -13,400,000 -11,215,000 
      financing activities
    		                                                                      
      proceeds from notes payable
    		790,000,000 1,562,000,000 660,000,000 816,300,000 285,000,000 265,000,000 720,000,000 136,000,000 0 275,000,000 300,000,000 1,625,000,000 1,875,000,000   627,500,000 420,000,000 0 494,100,000 -200,000 755,000,000 1,095,600,000 495,700,000 0 713,200,000 1,236,700,000 578,300,000 -800,000 250,700,000 799,700,000 1,113,900,000 134,600,000     8,700,000   29,900,000 210,500,000 860,300,000 490,000,000 741,300,000 189,300,000   415,900,000 -26,000,000 818,000,000 100,000,000 388,300,000 330,300,000 17,800,000 29,500,000 200,000    -66,000,000    0 958,900,000 108,000,000 765,052,000 907,787,000 901,326,000 305,335,000 
      repayment of notes payable
    		-325,000,000 -810,700,000 -755,400,000 -415,400,000 -240,400,000 -230,000,000 -170,000,000 -1,148,500,000 -25,400,000 -350,000,000 -300,000,000 -1,750,000,000 -1,300,400,000 -750,200,000 -600,000 -33,500,000 -392,700,000 0 -400,100,000 -3,400,000 -760,600,000   -150,000,000 -1,005,100,000 -1,254,900,000 -276,100,000 -2,200,000 -427,000,000 -926,700,000 -825,800,000 -193,900,000 -996,900,000 -200,000 -54,300,000 -5,800,000 -373,300,000 -89,600,000 -81,000,000 -22,700,000 -335,200,000 -647,400,000 -450,900,000 -523,000,000 -110,300,000 -107,800,000 -55,800,000 -3,000,000 -171,700,000 -152,000,000 -18,400,000 -3,000,000 -1,600,000 -300,000 -12,600,000 -182,800,000 -149,900,000 -57,600,000 -129,000,000 -131,100,000 -353,200,000 -301,900,000 -233,700,000 -81,200,000 -795,200,000 -229,000,000 -1,042,063,000 -750,826,000 -711,874,000 -555,037,000 
      borrowings on mortgage repurchase facilities
    		                                                                      
      proceeds from stock associated with certain employee benefit plans
    		0   8,400,000 0 10,600,000 1,600,000 6,800,000 5,800,000 7,400,000 5,500,000 6,300,000 4,700,000 5,000,000 17,200,000 7,200,000 9,900,000 4,700,000 900,000 8,400,000 2,100,000 8,800,000 4,100,000 15,900,000 4,500,000 13,700,000 8,600,000 11,200,000 3,500,000 18,100,000 14,600,000 12,400,000 9,600,000 21,900,000 2,800,000 10,600,000 33,400,000 11,400,000 17,000,000 37,800,000 3,000,000 16,400,000 4,600,000 2,100,000 13,500,000 26,300,000 3,300,000 1,800,000 10,200,000 15,600,000 2,100,000 20,600,000 8,700,000 17,000,000 4,600,000 700,000 1,500,000 700,000 500,000 3,000,000 600,000 2,000,000 2,000,000 2,400,000 4,900,000 6,200,000 3,874,000 1,134,000 5,225,000 5,167,000 
      cash paid for shares withheld for taxes
    		-800,000 -35,800,000 -27,600,000 -1,000,000 -1,300,000 -44,100,000 -37,500,000 -200,000 -100,000 -30,100,000 -25,700,000 -200,000 -100,000 -28,700,000 -33,000,000 0 4,400,000 -56,600,000 -26,300,000 0 -100,000 -20,800,000 -17,300,000 -200,000 0 -15,400,000 -4,100,000 0 0 0 -10,300,000                                        
      cash dividends paid
    		-122,400,000 -125,500,000 -128,500,000 -97,700,000 -98,400,000 -99,200,000 -99,900,000 -84,300,000 -85,200,000 -85,600,000 -86,100,000 -78,100,000 -79,200,000 -79,100,000 -80,100,000 -71,600,000 -72,100,000 -72,700,000 -72,900,000 -63,700,000 -63,600,000 -64,100,000 -64,600,000 -55,500,000 -56,000,000 -55,900,000 -56,000,000 -47,100,000 -47,200,000 -47,100,000 -47,000,000 -37,400,000 -37,500,000 -37,400,000 -37,300,000 -29,800,000 -29,700,000 -29,600,000 -29,600,000 -23,000,000 -22,900,000 -22,900,000 -22,800,000 -22,800,000 -13,700,000   0 0 0 -60,200,000 -12,000,000 -12,000,000 -11,900,000 -11,900,000 -11,900,000 -11,900,000 -12,000,000 -12,000,000 -11,900,000 -12,000,000 -11,900,000 -11,900,000 -11,900,000 -28,200,000 -18,700,000     
      repurchases of common stock
    		-1,168,400,000 -1,352,200,000 -1,055,700,000 -557,200,000 -435,800,000 -417,600,000 -376,900,000 -418,900,000 -339,800,000 -301,700,000 -118,100,000 -271,800,000 -289,900,000 -266,000,000 -303,800,000 -187,000,000 -241,200,000 -366,400,000 -53,800,000 0 0 -197,300,000 -163,100,000 -118,300,000 -145,300,000 -75,600,000 -140,600,000 -52,600,000 -27,000,000 -22,500,000 -25,400,000 0                                       
      net proceeds from issuance of forestar common stock
    		   0 0       0 0 1,600,000 100,000 900,000 9,300,000                                                      
      net other financing activities
    		7,000,000 15,900,000 -10,500,000 -3,900,000 6,900,000 -16,500,000 -10,200,000 -24,100,000 -12,200,000 -700,000 -17,800,000 62,200,000 -9,300,000                                                          
      net cash from financing activities
    		-562,800,000 -77,300,000 -2,064,600,000 -408,100,000 -676,600,000 92,200,000 -362,800,000 -1,549,200,000 -326,200,000 -144,700,000 -646,600,000 -194,000,000 27,600,000 -72,800,000 -572,000,000 744,500,000 -372,400,000 -235,500,000 -221,700,000 -99,600,000 -82,800,000 239,500,000 213,500,000 -115,000,000 -383,100,000 62,200,000 -54,200,000 18,900,000 -210,700,000 -76,400,000 185,700,000 -80,500,000 -383,200,000 -7,500,000 -88,300,000 -47,600,000 -358,500,000 -88,500,000 -91,400,000 27,000,000 -144,000,000 211,900,000 22,100,000 196,600,000 78,500,000 404,400,000 -51,600,000 421,400,000 -187,500,000 681,600,000 23,500,000 393,900,000 325,400,000 22,600,000 9,600,000 -193,800,000 -169,100,000 -68,900,000 -140,500,000 -206,100,000 -289,700,000 -302,900,000 -240,700,000 -91,000,000 106,400,000 412,200,000 153,347,000 139,451,000 375,372,000 -255,370,000 
      net decrease in cash, cash equivalents and restricted cash
    		146,800,000 -550,900,000 -1,475,000,000          -4,800,000 -775,500,000 -772,600,000                                                        
      cash, cash equivalents and restricted cash at beginning of period
    		0 0 4,544,000,000  0 0 3,900,100,000  0 0 2,572,900,000  0 0 3,237,200,000  0 0 3,040,100,000  0 0 1,514,000,000  0 0 1,506,000,000                                            
      cash, cash equivalents and restricted cash at end of period
    		146,800,000 -550,900,000 3,069,000,000  -73,400,000 -251,200,000 3,344,600,000  333,400,000 462,100,000 2,612,500,000  -4,800,000 -775,500,000 2,464,600,000  -262,800,000 -243,000,000 2,474,900,000  835,400,000 -58,600,000 1,595,900,000  154,100,000 -37,100,000 768,300,000                                            
      supplemental disclosures of non-cash activities:
    		                                                                      
      notes payable issued for inventory
    		    24,500,000 -3,000,000 21,900,000  23,300,000 0 31,200,000  0 0 64,300,000   0 12,500,000      2,800,000       0 0   0 1,300,000 0 2,900,000 1,600,000 0 2,600,000 5,500,000     0 0 0 11,400,000              35,300,000 3,800,000  18,576,000   
      reduction of notes payable upon deconsolidation of variable interest entity
    		                                                                      
      stock issued under employee incentive plans
    		3,700,000 72,200,000 71,300,000  21,900,000 84,800,000 66,500,000  3,400,000 60,500,000 46,900,000  5,600,000 58,200,000 66,200,000   69,800,000 44,700,000  100,000 52,500,000 31,800,000  100,000 39,600,000 9,400,000  300,000 49,500,000 13,900,000 100,000 100,000 24,600,000 7,100,000 200,000 200,000 11,600,000 8,100,000 0 0 0 8,300,000 0 0 0 5,500,000 0 0 0 3,900,000                    
      repurchases of common stock not settled
    		  45,500,000    18,300,000                                                                
      see accompanying notes to consolidated financial statements.
    		                                                                      
      decrease (increase) in construction in progress and finished homes
    		 48,100,000 181,700,000     285,600,000 38,900,000 216,600,000 320,700,000                                                            
      decrease (increase) in mortgage loans held for sale
    		                               41,400,000                                       
      decrease in accounts payable, accrued expenses and other liabilities
    		    129,600,000                                 8,400,000 -52,700,000   3,100,000 -43,500,000    -14,100,000    -12,800,000   42,400,000 -44,400,000    -54,400,000    -16,100,000 62,600,000       
      (repayment) borrowings on mortgage repurchase facilities
    		                                                                      
      decrease (increase) in other assets
    		  65,200,000     -218,300,000 -97,700,000 9,600,000 330,200,000            2,000,000       100,000 4,300,000       6,400,000 30,200,000     -26,000,000               8,800,000            
      decrease in mortgage loans held for sale
    		  683,100,000    475,800,000    603,300,000    194,000,000            174,200,000    49,100,000   -30,200,000 105,700,000    106,600,000    23,100,000    95,300,000    37,400,000    18,200,000    65,300,000    56,100,000 1,900,000 451,600,000 89,700,000     
      repayment on mortgage repurchase facilities
    		  -746,900,000                                                                    
      increase in residential land and lots — developed, under development, held for development and held for sale
    		                                                                      
      net increase in cash, cash equivalents and restricted cash
    		   1,524,000,000 -73,400,000 -251,200,000 -555,500,000 492,100,000 333,400,000 462,100,000 39,600,000     1,268,100,000 -262,800,000 -243,000,000 -565,200,000 667,400,000 835,400,000 -58,600,000 81,900,000 628,700,000 154,100,000                                              
      cash, cash equivalents and restricted cash at beginning of year
    		                                                                      
      cash, cash equivalents and restricted cash at end of year
    		                                                                      
      decrease in other assets
    		                                             13,000,000 26,100,000   3,000,000 22,800,000    4,500,000 -10,600,000 -7,700,000    -4,800,000          
      borrowings (payments) on mortgage repurchase facilities
    		                                                                      
      payments on mortgage repurchase facilities
    		      -389,900,000                                                                
      gain on sale of assets
    		               0 0 0 -14,000,000 0 0 -28,400,000 -31,100,000 0 -22,600,000 -29,300,000 -2,000,000 -4,300,000 0                                          
      loss on extinguishment of debt
    		               0                                                       
      expenditures related to rental properties
    		               0 0 -87,700,000 -86,200,000 -36,700,000 -40,600,000 -53,400,000 -59,600,000                                                
      borrowings on mortgage repurchase facility
    		                                                                      
      borrowings (payments) on mortgage repurchase facility
    		                                                                      
      payments related to business acquisitions
    		                -200,000 -1,200,000 -23,000,000  -2,900,000 -4,900,000 -700,000                                                
      (payments) borrowings on mortgage repurchase facility
    		                                                                      
      payments on mortgage repurchase facility
    		          -404,400,000    -234,600,000    -163,500,000    -38,600,000    -163,800,000    -32,600,000                                        
      advances on mortgage repurchase facility
    		                   -40,300,000 -13,600,000    105,800,000                                              
      repurchase of common stock not settled
    		                  16,000,000                                                    
      other financing activities
    		              62,800,000 0 -100,000   -400,000 -1,700,000 0 -2,300,000                                                
      amortization of discounts and fees
    		               1,300,000 2,100,000 2,300,000 2,500,000 2,400,000 2,000,000 2,700,000 3,100,000 2,800,000 3,000,000 2,500,000 2,600,000 3,600,000 3,900,000 1,200,000 1,200,000 1,100,000 1,300,000 1,300,000 1,300,000 1,300,000 1,300,000 1,400,000 1,400,000 1,500,000 1,400,000 1,400,000 1,300,000 2,000,000 4,600,000 10,500,000 10,300,000 10,000,000 9,800,000 9,500,000 10,400,000 10,500,000 10,200,000 9,900,000 9,800,000 9,600,000 9,500,000 9,100,000 9,000,000 8,600,000 8,100,000          
      equity in earnings of unconsolidated entities
    		               0 0 -100,000 -900,000 -100,000 300,000 -400,000 -500,000 0 0 100,000 -600,000 300,000 -400,000 -400,000 -2,300,000                                        
      distributions to noncontrolling interests
    		               0 0 0 -100,000 0 -300,000 0 -400,000 0 -200,000 -3,200,000 -500,000 -1,000,000 -200,000 -300,000 -1,700,000                                        
      net increase in mortgage loans held for sale
    		                111,700,000   -26,300,000 -123,300,000                                                  
      return of investment in unconsolidated entities
    		                0 100,000 2,100,000 1,900,000 0 500,000 1,900,000 0 0 0 4,400,000 2,000,000 300,000 200,000 15,000,000                                        
      net principal increase of other mortgage loans and real estate owned
    		                -900,000   0 -3,100,000 0 -600,000 -300,000 -400,000 -1,000,000 -600,000 -400,000          1,700,000 -2,100,000 -2,600,000 -1,400,000 -1,900,000 -3,000,000 -2,800,000 -1,100,000 -500,000 -1,200,000 -1,500,000   -200,000                    
      (payments) advances on mortgage repurchase facility
    		                                                                      
      accrued expenditures for property and equipment
    		                 3,100,000 21,800,000  2,000,000 900,000 7,700,000                                                
      accrual for holdback payments related to acquisitions
    		                 -1,200,000 2,600,000                                                    
      net decrease in mortgage loans held for sale
    		                  90,100,000    46,900,000                                                
      net principal decrease (increase) of other mortgage loans and real estate owned
    		                  200,000               0 1,000,000 15,400,000                                   
      distributions of earnings of unconsolidated entities
    		                       0 0 0 500,000 1,800,000 0 0 200,000                                        
      proceeds from debt securities collateralized by residential real estate
    		                                                                      
      accrual for holdback payment related to acquisition
    		                    -2,000,000 -5,600,000 9,500,000  -1,300,000 -11,400,000 27,700,000                                            
      increase in residential land and lots – developed, under development, held for development and held for sale
    		                      -373,100,000  -160,600,000 -9,700,000 -435,900,000  -88,300,000 -86,300,000 -185,200,000  -255,900,000 56,300,000 -152,600,000      -49,500,000 39,600,000 -110,800,000                            
      excess income tax benefit from employee stock awards
    		                               -3,800,000 -1,800,000 -8,200,000 -500,000 -3,700,000 -2,400,000 -1,700,000 -2,200,000 -5,000,000 -600,000 -5,500,000 -1,200,000 1,000,000 300,000                          
      proceeds from (purchases of) debt securities collateralized by residential real estate
    		                                                                      
      advances (payments) on mortgage repurchase facility
    		                                                                      
      expenditures related to multi-family rental properties
    		                        -28,000,000 -16,900,000 -11,400,000                                            
      decrease in cash, cash equivalents and restricted cash
    		                          -737,700,000                                            
      goodwill impairment
    		                                                                      
      increase in restricted cash
    		                           25,800,000 -3,300,000 -1,700,000 -37,200,000 2,900,000 -1,000,000 -2,900,000 -6,000,000  -400,000   1,000,000 -1,300,000     1,300,000 -3,300,000 -9,200,000 -14,100,000 300,000 -5,500,000             6,800,000       
      increase in cash and cash equivalents
    		                           294,900,000 167,400,000       396,400,000 -317,300,000   578,200,000 107,900,000       298,500,000 -512,500,000 583,600,000 -480,800,000 142,800,000   5,500,000     -83,200,000 -247,100,000 -296,600,000 -21,100,000 -45,000,000       
      cash and cash equivalents at beginning of year
    		                                                                      
      cash and cash equivalents at end of year
    		                                                                      
      stock based compensation expense
    		                            15,300,000 17,400,000 13,600,000  14,300,000 16,800,000 9,300,000  12,500,000 13,900,000 10,400,000 10,500,000 9,300,000 11,000,000 11,400,000 8,600,000 6,800,000 5,400,000 5,400,000 5,900,000 5,500,000 4,100,000 3,500,000 3,800,000 4,200,000 5,100,000 5,000,000 4,300,000 3,300,000 3,200,000 3,400,000            
      investment in unconsolidated entities
    		                            0 0 -100,000                                        
      purchases of debt securities collateralized by residential real estate
    		                                       0         0 0 -18,600,000                    
      cash and cash equivalents at beginning of period
    		                            0 0 1,007,800,000  0 0 1,303,200,000  0 0 1,383,800,000  0 0 661,800,000  0 0 936,500,000  0 0 1,047,700,000  0 0 732,600,000  0 0 1,309,300,000  0 0 1,957,300,000        
      cash and cash equivalents at end of period
    		                            167,400,000 90,500,000 920,300,000  -480,800,000 -157,100,000 1,150,300,000  -317,300,000 -44,600,000 1,268,700,000  107,900,000 156,700,000 541,000,000  -376,400,000 131,300,000 820,100,000  -512,500,000 583,600,000 566,900,000  225,100,000 -58,300,000 738,100,000  -240,100,000 -140,000,000 1,221,100,000  -247,100,000 -296,600,000 1,936,200,000        
      net principal decrease of other mortgage loans and real estate owned
    		                              100,000                                        
      gain on sale of rental properties
    		                              -13,400,000                                        
      proceeds from sale of rental properties
    		                              24,800,000                                        
      payments related to acquisition of a business, net of cash acquired
    		                              -156,400,000                                        
      decrease in cash and cash equivalents
    		                              -87,500,000  -480,800,000 -157,100,000 -152,900,000    -115,100,000    -120,800,000    -116,400,000          -240,100,000 -140,000,000 -88,200,000            
      gain on sale of debt securities collateralized by residential real estate
    		                                   0 0                                  
      proceeds from the sale of property and equipment to a related party
    		                                                                      
      (purchases of) proceeds from debt securities collateralized by residential real estate
    		                               0 -4,900,000                                      
      payments related to acquisition of a business
    		                               0 0 0 -4,100,000     -2,200,000    -21,400,000 -188,200,000 0 -34,500,000                        
      supplemental cash flow information:
    		                                                                      
      income taxes paid
    		                                                                      
      purchases of property and equipment
    		                                -46,000,000 -35,300,000 -22,200,000 -20,900,000 -24,800,000 -20,300,000 -20,100,000 -12,800,000 -19,300,000 -12,700,000 -11,300,000 -50,300,000 -17,100,000 -14,500,000 -18,300,000 -17,400,000 -15,300,000 -11,300,000 -14,000,000 -9,800,000 -18,300,000 -3,100,000 -2,400,000 -3,500,000 -4,600,000 -4,500,000 -3,700,000 -3,600,000 -7,900,000 -5,200,000 -2,500,000 0       
      decrease (increase) in restricted cash
    		                                          400,000 10,100,000            1,300,000               
      proceeds from sale (purchases) of debt securities collateralized by residential real estate
    		                                   0                                   
      conversion of 2% convertible senior notes into equity
    		                                           0                           
      notes payable assumed to purchase land investment
    		                                                                      
      note receivable related to sale of land
    		                                           0                           
      decrease (increase) in residential land and lots – developed, under development, held for development and held for sale
    		                                    -84,600,000 227,500,000 8,400,000                                
      proceeds from sale of debt securities collateralized by residential real estate
    		                                                                      
      decrease in restricted cash
    		                                                    -800,000 3,900,000 4,500,000   1,200,000 7,500,000   2,800,000 2,100,000        
      gain on sale of marketable securities
    		                                               0 0 0 -200,000 0 0   0 0 0 -100,000            
      decrease in income taxes receivable
    		                                                  14,400,000     1,600,000 0    -3,200,000          
      purchases of marketable securities
    		                                               0 0 -2,100,000 -26,800,000 -52,100,000 -25,900,000 -138,400,000 -24,400,000 -40,400,000 -73,800,000 -62,600,000 -123,300,000            
      proceeds from the sale or maturity of marketable securities
    		                                               0 0 98,700,000 226,700,000 36,000,000 39,300,000 136,000,000 21,500,000 37,800,000 67,000,000 65,400,000 122,300,000            
      principal payments received on debt securities collateralized by residential real estate
    		                                               0                       
      interest paid, net of amounts capitalized
    		                                                                      
      gain on early retirement of debt
    		                                                         2,700,000 1,500,000 -1,800,000 8,300,000 0 -1,600,000        
      decrease (increase) in income taxes receivable
    		                                               0 0          1,700,000            
      purchase of debt securities collateralized by residential real estate
    		                                                                      
      notes payable assumed to purchase long-term land investment
    		                                                                      
      increase in residential land and lots – developed, under development, and held for development
    		                                            -101,000,000 -149,500,000 -77,300,000  -329,400,000 -104,300,000 -612,800,000  -94,900,000 -72,700,000 -40,100,000   40,900,000 -45,500,000            
      income tax benefit from employee stock awards
    		                                              -900,000                        
      (gain) loss on early retirement of debt
    		                                                   0 0 0 -100,000         500,000       
      increase in residential land and lots — developed, under development, and held for development
    		                                                                      
      purchase of treasury stock
    		                                                       0         -36,800,000      
      income taxes paid (refunded)
    		                                                                      
      payment related to acquisition of a business
    		                                                0 0 -9,400,000                    
      inventory impairments and land option cost write-offs
    		                                                 1,900,000 1,300,000 1,500,000 2,500,000 800,000 1,400,000 12,800,000 9,900,000 14,300,000 8,400,000 30,800,000 30,300,000 2,400,000 1,200,000 192,500,000       
      adjustments to reconcile net income to net cashprovided by operating activities:
    		                                                                      
      depreciation
    		                                                   4,400,000 4,600,000 4,800,000 5,000,000 5,000,000 5,000,000 5,000,000 4,900,000 4,500,000 4,000,000          
      income tax benefit from stock option exercises
    		                                                           100,000 0 0 -2,900,000        
      increase in residential land and lots —developed, under development, and held for development
    		                                                                      
      increase in income taxes receivable
    		                                                   -1,500,000 0          -88,600,000        
      acquisition of a business
    		                                                                      
      stock issued under performance unit plan
    		                                                                      
      decrease in construction in progress and finished homes
    		                                                      9,700,000    66,900,000 129,400,000   65,200,000 -50,600,000       
      decrease (increase) in residential land and lots — developed, under development, and held for development
    		                                                                      
      income taxes refunded
    		                                                                      
      loss on early retirement of debt
    		                                                                      
      decrease in residential land and lots – developed, under development, and held for development
    		                                                            -47,200,000          
      stock option compensation expense
    		                                                           3,600,000 3,200,000 3,300,000 3,200,000 3,700,000 2,500,000      
      proceeds from the sale of marketable securities
    		                                                                      
      income taxes (refunded) paid
    		                                                                      
      purchases of marketable securities, available-for-sale
    		                                                            -100,300,000          
      net proceeds from mortgage repurchase facility
    		                                                                      
      amortization of debt discounts and fees
    		                                                              6,900,000 1,400,000       
      decrease in residential land and lots — developed, under development, and held for development
    		                                                              9,800,000 71,700,000       
      decrease in earnest money deposits and other assets
    		                                                                      
      cash from investing activities
    		                                                                      
      amortization of debt premiums, discounts and fees
    		                                                                1,100,000 1,000,000  909,000 3,799,000 258,000 
      increase in earnest money deposits and other assets
    		                                                                -67,400,000 -40,000,000 -55,755,000 -11,290,000   
      decrease (increase) in residential land and lots – developed, under development, and held for development
    		                                                                      
      proceeds from notes payable and repurchase agreement
    		                                                                      
      increase in book overdraft
    		                                                                      
      supplemental disclosures of noncash activities:
    		                                                                      
      loss on redemption of senior and senior subordinated notes
    		                                                                      
      decrease (increase) in earnest money deposits and other assets
    		                                                                      
      loss on redemption of 9.375% senior notes
    		                                                                      
      income tax benefit from exercise of stock options
    		                                                                -2,800,000      
      increase in residential land and lots — developed, under development and held for development
    		                                                                      
      increase in accounts payable and other liabilities
    		                                                                  117,201,000    
      net purchases of property and equipment
    		                                                                -18,400,000 -14,100,000 -15,943,000 -14,642,000 -13,400,000 -11,215,000 
      increase in residential land and lots – developed, under development and held for development
    		                                                                -1,119,600,000      
      decrease in accounts payable and other liabilities
    		                                                                -141,900,000 -23,200,000     
      decrease in cash
    		                                                                -924,600,000 -161,000,000     
      cash at beginning of period
    		                                                                1,149,800,000 518,000,000  0   
      cash at end of period
    		                                                                225,200,000 357,000,000  21,400,000   
      denominator for basic earnings per share— weighted-average shares
    		                                                                312,900,000 233,500,000     
      effect of dilutive securities:
    		                                                                      
      employee stock options
    		                                                                4,700,000 4,300,000  -252,000   
      denominator for diluted earnings per share— adjusted weighted-average shares
    		                                                                317,600,000 237,800,000     
      increase in cash
    		                                                                  277,912,000 21,400,000 54,533,000 -418,745,000 
      cash at beginning of year
    		                                                                      
      cash at end of year
    		                                                                      
      basis of presentation
    		                                                                      
      increase in inventories
    		                                                                 -841,600,000 -77,050,000 -498,786,000   
      issuance of senior notes payable
    		                                                                 545,700,000  0   
      increase in consolidated land inventory not owned
    		                                                                 80,500,000     
      net cash paid for acquisitions
    		                                                                      
      issuance of senior and senior subordinated notes payable
    		                                                                      
      repurchase of treasury stock
    		                                                                      
      payment of cash dividends
    		                                                                   -18,644,000 -18,745,000 -10,835,000 
      numerator:
    		                                                                      
      interest expense and amortization of issuance costs associated with zero coupon convertible senior notes, net of applicable income taxes
    		                                                                      
      numerator for diluted earnings per share after assumed conversion
    		                                                                      
      denominator:
    		                                                                      
      denominator for basic earnings per share- weighted-average shares
    		                                                                      
      zero coupon convertible senior notes
    		                                                                      
      denominator for diluted earnings per share- adjusted weighted-average shares
    		                                                                      
      decrease in consolidated land inventory not owned
    		                                                                      
      net (investments in) distributions from venture capital entities
    		                                                                      
      net income, as previously reported
    		                                                                      
      amortization of goodwill, net of income taxes of 3,588
    		                                                                      
      net income, as adjusted
    		                                                                      
      net income per share
    		                                                                      
      basic
    		                                                                      
      diluted
    		                                                                      
      adjustments to reconcile net income to net cash provided by operating activities:
    		                                                                      
      amortization of debt premiums and fees
    		                                                                      
      increase in earnest money deposits and other assets
    		                                                                      
      net investments in venture capital entities
    		                                                                      
      issuance of senior and senior subordinated notes payable
    		                                                                      
      proceeds from stock associated with certain employee benefit plans
    		                                                                      
      proceeds from exercise of stock options
    		                                                                      
      capitalized interest, beginning of year
    		                                                                      
      interest incurred— homebuilding
    		                                                                      
      interest expensed
    		                                                                      
      directly— homebuilding
    		                                                                      
      amortized to cost of sales
    		                                                                      
      capitalized interest, end of year
    		                                                                      
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.