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 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-06-30 2018-03-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2008-03-31 
      
    		                                       
      operating activities
    		                                       
      net income
    		32,900,000 31,600,000 16,500,000 81,600,000 38,600,000 45,000,000 38,200,000 72,400,000 46,800,000 26,900,000 20,800,000 50,800,000 39,700,000 47,800,000 40,500,000 44,100,000 15,900,000 28,400,000 22,100,000 10,100,000 10,300,000 16,800,000                1,744,000 -238,000 
      adjustments:
    		                                       
      depreciation and amortization
    		800,000 1,000,000 800,000 700,000 900,000 600,000 800,000 700,000 800,000 800,000 700,000 700,000 700,000 500,000 800,000 600,000 600,000 700,000 800,000 800,000 1,500,000 1,900,000 1,900,000 1,800,000 1,600,000 1,400,000 1,278,000 1,296,000        1,783,000 2,396,000 2,415,000 1,793,000 
      deferred income taxes
    		3,000,000 8,300,000 -900,000 14,700,000 2,000,000 600,000 -500,000 16,600,000 -1,600,000 1,000,000 -2,200,000 11,300,000 2,600,000 -1,200,000 -200,000 14,600,000 2,400,000 0 2,200,000 8,100,000 3,800,000 5,600,000 3,600,000 2,000,000 2,500,000 1,400,000        -3,535,000 -16,164,000 -5,057,000 -1,581,000 -4,114,000 3,000 
      equity in earnings of unconsolidated ventures
    		0 0 -600,000         -100,000 0 0 -1,100,000 0 100,000 -100,000 -200,000 200,000 -300,000 -500,000 0 100,000 0 -600,000 -1,000,000 -1,529,000 -7,026,000 -2,251,000 -4,470,000       346,000 -1,534,000 
      stock-based compensation expense
    		1,500,000 1,700,000 2,600,000 1,200,000 1,400,000 1,800,000 900,000 900,000 900,000 1,900,000 600,000 500,000 800,000 1,600,000 400,000 600,000 800,000 900,000 300,000 300,000 800,000 500,000                  
      impairments and land option charges
    		1,900,000 900,000 1,100,000 3,100,000 600,000 200,000 200,000 400,000 900,000                               
      gain on sale of assets
    		   -4,500,000    0 0 0 -1,600,000 0 -2,700,000 0 -500,000     0 -200,000 100,000 -600,000 -1,500,000 0 -900,000 -1,318,000 -2,746,000 0 -44,969,000 -614,000   -477,000      
      loss on extinguishment of debt
    		0               0                        
      changes in operating assets and liabilities:
    		                                       
      increase in real estate
    		-65,800,000 -23,600,000 -471,600,000 -30,500,000 -123,300,000 -106,300,000 -209,800,000    -49,900,000 28,000,000 -109,200,000 -5,600,000 -55,500,000 -45,200,000 -163,400,000 -158,700,000 -218,600,000 -88,100,000 -132,500,000 -38,200,000 19,800,000 -198,000,000 -158,300,000 -195,200,000              
      increase in other assets
    		1,400,000   -15,100,000 -10,500,000 -1,200,000 -900,000 -300,000 -3,700,000   10,100,000    -1,400,000 -6,900,000 -3,900,000 -2,600,000 300,000 -3,800,000 -700,000  -2,500,000 -300,000 -1,300,000              
      decrease in accounts payable and other accrued liabilities
    		16,400,000 -20,800,000 -19,200,000  9,400,000 -11,200,000 -900,000                                 
      increase in accrued development costs
    		6,200,000   32,100,000 5,200,000   13,000,000 -8,000,000 1,100,000 -24,300,000 11,300,000 -9,600,000 3,900,000 12,200,000                         
      increase in earnest money deposits on sales contracts
    		17,500,000 5,400,000 34,400,000 8,500,000 19,300,000 3,600,000 19,500,000    10,500,000 -10,300,000 5,000,000 0 -6,200,000     -8,100,000 11,200,000 -200,000 5,100,000 5,900,000 10,700,000 18,800,000              
      net cash from operating activities
    		15,800,000 -19,800,000 -450,000,000 119,200,000 -61,700,000 -59,200,000 -156,700,000 227,900,000 114,900,000 71,100,000 -49,800,000 118,900,000 -86,800,000 70,800,000 5,800,000 37,500,000 -91,100,000 -90,800,000 -158,700,000 -81,900,000 -112,200,000 -11,600,000 58,900,000 -166,600,000 -119,400,000 -164,100,000 -68,212,000 -113,999,000 -17,209,000 37,070,000 50,166,000 70,696,000 43,694,000 -5,238,000 2,176,000 27,252,000 -13,989,000  -14,050,000 
      capex
    		-800,000 0 0 -800,000 -600,000 -600,000 -200,000 -500,000 -500,000 -200,000 -100,000 -300,000 -700,000 -1,000,000 -1,500,000 0 -300,000 0 -100,000 -400,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0  0 
      free cash flows
    		15,000,000 -19,800,000 -450,000,000 118,400,000 -62,300,000 -59,800,000 -156,900,000 227,400,000 114,400,000 70,900,000 -49,900,000 118,600,000 -87,500,000 69,800,000 4,300,000 37,500,000 -91,400,000 -90,800,000 -158,800,000 -82,300,000 -112,200,000 -11,600,000 58,900,000 -166,600,000 -119,400,000 -164,100,000 -68,212,000 -113,999,000 -17,209,000 37,070,000 50,166,000 70,696,000 43,694,000 -5,238,000 2,176,000 27,252,000 -13,989,000  -14,050,000 
      investing activities
    		                                       
      expenditures for property, equipment, software and other
    		-800,000   -800,000 -600,000 -600,000 -200,000 -500,000 -500,000 -200,000 -100,000 -300,000 -700,000 -1,000,000 -1,500,000    -100,000 -400,000                    
      return of investment in unconsolidated ventures
    		0 0 900,000         0 100,000 0 1,500,000 400,000 0 100,000 2,100,000 0 600,000 1,800,000 0 0 0 100,000 281,000 187,000 6,946,000 1,752,000 4,385,000 196,000 2,223,000 11,669,000 2,379,000 10,059,000 1,126,000 0 2,650,000 
      proceeds from sale of assets
    		   4,500,000    0 0 0 1,600,000 0 0 0 3,200,000     0 0 1,300,000                  
      net cash from investing activities
    		-800,000 -700,000 900,000 3,600,000 4,500,000 -600,000 -200,000 -500,000 -500,000 -200,000 1,500,000 -300,000 -600,000 -1,000,000 3,200,000 -700,000 -300,000 0 2,000,000 -400,000 400,000 3,100,000 0 -100,000   269,000 228,706,000 6,854,000 109,540,000        -6,031,000 -2,142,000 
      financing activities
    		                                       
      issuance of common stock
    		   0 0       0 0                           
      additions to debt
    		35,000,000                   0   0 395,000,000   43,000 207,000 1,247,000 435,000 4,358,000 5,424,000 5,010,000 44,713,000 16,539,000 44,892,000 324,000 51,332,000 33,540,000 
      repayment of debt
    		-35,000,000                   0                    
      deferred financing fees
    		0               100,000    0 -4,400,000 -400,000 0      -165,000  -142,000 -103,000 370,000 -674,000 -4,000 -335,000 -82,000 -381,000 -1,037,000 
      cash paid for shares withheld for taxes
    		-100,000 -1,500,000 -100,000 -800,000 200,000 -2,600,000 -200,000 100,000 -100,000 -600,000 -100,000 -100,000 0 -300,000 -100,000 -100,000 -100,000 -300,000 -100,000 0 0 -200,000                  
      net cash from financing activities
    		-100,000 62,800,000 99,900,000 -800,000 200,000 17,100,000 -200,000 -12,400,000 -100,000 -600,000 -100,000 -100,000 0 1,400,000 -100,000 800,000 40,200,000 20,600,000 -200,000 -300,000 176,700,000 -1,000,000 100,700,000 307,800,000 31,900,000 -600,000 -702,000 -89,000 -63,221,000 -2,942,000 -46,515,000 -24,373,000 135,455,000 14,865,000 -13,268,000 3,800,000 -7,691,000 22,424,000 17,025,000 
      decrease in cash and cash equivalents
    		14,900,000 42,300,000 -349,200,000    -157,100,000                                 
      cash and cash equivalents at beginning of period
    		0 0 481,200,000  0 0 616,000,000  0 0 264,800,000  0 0 153,600,000  0 0 394,300,000 0 0 382,800,000     0 321,783,000           7,520,000 
      cash and cash equivalents at end of period
    		14,900,000 42,300,000 132,000,000  -57,000,000 -42,700,000 458,900,000  114,300,000 70,300,000 216,400,000  -87,400,000 71,200,000 162,500,000  -51,200,000 -70,200,000 237,400,000 -82,600,000 64,900,000 373,300,000     -68,645,000 436,401,000           8,353,000 
      supplemental disclosures of non-cash activities
    		                                       
      note payable issued for real estate
    		   0 0 0 9,900,000         0 0 0 12,500,000                     
      other
    		                      -800,000    -415,000 1,588,000 531,000 1,720,000 2,437,000 510,000 1,337,000 14,000 -42,000 35,000 438,000 -88,000 -556,000 
      decrease (increase) in other assets
    		  100,000           1,200,000 2,600,000                         
      decrease in accrued development costs
    		  -13,200,000    -4,200,000                                 
      borrowings under revolving credit facility
    		  100,000,000                                     
      increase in accounts payable and other accrued liabilities
    		       6,900,000 6,900,000 -17,900,000 -8,600,000 11,100,000 400,000 17,200,000 12,200,000 -32,800,000 31,600,000 17,600,000 11,600,000 800,000 -4,400,000 3,400,000 11,700,000 17,600,000 9,500,000 3,100,000              
      increase in cash and cash equivalents
    		   122,000,000 -57,000,000   215,000,000 114,300,000 70,300,000 -48,400,000                             
      cash and cash equivalents at beginning of year
    		                                       
      cash and cash equivalents at end of year
    		                                       
      supplemental cash flow information:
    		                                       
      income taxes paid
    		                                       
      decrease (increase) in real estate
    		       118,600,000 78,100,000                               
      decrease in income taxes receivable
    		                      100,000 -800,000                
      purchase of noncontrolling interest
    		               0 0                       
      distributions to noncontrolling interests
    		               0 0 0 -100,000 -300,000 0 -400,000 0 -300,000 -3,100,000 -500,000 -217,000 -300,000 -1,725,000 -201,000 2,000 -2,076,000 -5,593,000       
      decrease in earnest money deposits on sales contracts
    		        -6,200,000                               
      land option charges
    		          2,400,000    600,000  700,000 500,000 400,000                     
      decrease in other assets
    		          1,800,000                             
      issuance of common stock not settled
    		              1,700,000                         
      real estate impairment and land option charges
    		           5,500,000 1,000,000                           
      decrease (increase) in income taxes receivable
    		               0   4,200,000                     
      proceeds from debt
    		               33,000,000                        
      repayments of debt
    		               -33,000,000                        
      net increase in cash and cash equivalents
    		             71,200,000 8,900,000            -68,645,000 114,618,000 -73,576,000 143,668,000  -479,000 137,538,000 82,000 -10,838,000 883,000 -22,491,000 873,000 833,000 
      income taxes paid (refunded)
    		                                       
      net decrease in cash and cash equivalents
    		                  -156,900,000   -9,500,000                  
      distributions of earnings of unconsolidated ventures
    		                      0 0 0 4,900,000   8,296,000 2,926,000 5,398,000 2,904,000 5,491,000 2,735,000 1,290,000 425,000 0 170,000 784,000 
      real estate and land option charges
    		                   100,000                    
      increase in earnest money on sales contracts
    		                9,000,000 21,700,000 21,100,000                     
      expenditures for property, equipment and other
    		                -300,000                       
      proceeds from issuance of common stock
    		                                       
      loss on sale of assets
    		                                       
      increase in income taxes receivable
    		                     -600,000                  
      interest paid, net of amounts capitalized
    		                                       
      income taxes refunded
    		                                       
      asset impairments
    		                     300,000 800,000 100,000 0 400,000   9,272,000 3,874,000 17,038,000    11,075,000 8,142,000 2,887,000   
      consolidated net income
    		                      12,700,000 6,900,000 12,800,000 3,900,000 10,286,000 4,580,000 -15,608,000 43,946,000 -5,485,000 -11,906,000 15,924,000 13,288,000 -21,694,000 2,829,000 -6,690,000   
      property, equipment, software and other
    		                      0 -100,000 -700,000 -100,000 -12,000 -36,000            
      oil and gas properties and equipment
    		                            0 0 -2,674,000 -35,484,000 -39,587,000       
      investment in unconsolidated ventures
    		                            -86,000 -474,000 -2,441,000 -9,676,000 -38,000 -634,000 -657,000 -1,753,000 -959,000 -2,883,000 -4,263,000 
      payments of debt
    		                      0 -80,000,000      -3,505,000 -50,693,000 -3,013,000 -9,161,000 -27,852,000 -18,649,000 -40,869,000 -8,664,000 -28,516,000 -14,665,000 
      settlement of equity awards
    		                      0 0 0 -100,000              
      net increase in cash, cash equivalents and restricted cash
    		                      159,600,000 141,100,000                
      cash, cash equivalents and restricted cash at beginning of period
    		                      0 0 0 335,000,000              
      cash, cash equivalents and restricted cash at end of period
    		                      159,600,000 141,100,000 -88,200,000 170,300,000              
      cash flows from operating activities:
    		                                       
      share-based compensation
    		                       900,000 100,000 100,000 112,000 94,000 4,076,000 1,372,000 -1,285,000 -1,106,000 1,442,000   4,226,000 4,281,000 -142,000 2,681,000 
      loss on debt extinguishment
    		                             0          
      cash flows from investing activities:
    		                                       
      cash flows from financing activities:
    		                                       
      increase in income tax receivable
    		                         -100,000              
      net decrease in cash, cash equivalents and restricted cash
    		                         -164,700,000              
      change in deferred income taxes
    		                          56,000 661,000 -1,759,000 -1,344,000 2,155,000 -9,004,000 1,854,000       
      real estate cost of sales
    		                          10,809,000 15,309,000 13,452,000 41,595,000 54,158,000 25,414,000 33,575,000       
      real estate development and acquisition expenditures
    		                          -111,770,000 -149,052,000 -65,549,000 -24,627,000 -26,933,000 -31,830,000 -40,847,000 -24,813,000 -17,467,000 -5,161,000 -3,056,000 -22,802,000 -20,583,000 
      reimbursements from utility and improvement districts
    		                            10,230,000 13,409,000 6,891,000 57,493,000 5,405,000 5,602,000 8,191,000 4,257,000 2,646,000   
      changes in:
    		                                       
      notes and accounts receivable
    		                          1,547,000 1,197,000            
      prepaid expenses, land purchase contract deposits and other
    		                                       
      accounts payable and other accrued liabilities
    		                          9,673,000 -365,000 1,999,000 -3,155,000 -9,568,000 -1,404,000 9,711,000 -2,979,000 -5,413,000 -2,174,000 374,000 -6,424,000 -4,564,000 
      earnest money deposits on sales contracts
    		                                       
      income taxes
    		                          337,000 -570,000 17,144,000 12,201,000 -8,178,000 -7,503,000 5,446,000 -631,000 -13,921,000 8,703,000    
      proceeds from sales of assets
    		                          0 228,555,000            
      change in restricted cash
    		                          13,000 4,000            
      exercise of stock options
    		                            0  0 9,000 294,000 161,000 299,000 318,000 2,971,000 1,000 812,000 
      payroll taxes on restricted stock and stock options
    		                                -9,000 -68,000 -257,000 -12,000 -2,303,000 -18,000 -1,816,000 
      prepaid expenses and other
    		                           -3,614,000 -917,000 -1,669,000 -80,000 -2,052,000 -422,000 -3,860,000 -45,000 584,000    
      earnest money deposits
    		                           19,152,000            
      depreciation, depletion and amortization
    		                            1,342,000 1,562,000 8,305,000 12,606,000 8,282,000       
      dry hole and unproved leasehold impairment costs
    		                                       
      notes and accounts receivables
    		                                       
      property, equipment, software, reforestation and other
    		                             -236,000 -3,808,000 -2,815,000        
      repurchases of common stock
    		                             0     -10,851,000 0    
      cash and cash equivalents at year-end
    		                                       
      supplemental disclosure of cash flow information:
    		                                       
      cash paid during the year for:
    		                                       
      interest
    		                                       
      supplemental disclosure of non-cash information:
    		                                       
      capitalized interest
    		                                       
      payroll taxes on issuance of stock-based awards
    		                                       
      acquisition of partner's interest in unconsolidated multifamily venture, net of cash
    		                               0        
      acquisition of oil and gas properties
    		                                       
      proceeds from issuance of senior secured notes
    		                               0        
      purchase of noncontrolling interests
    		                               0        
      noncontrolling interests
    		                                       
      dry hole and unproved leasehold impairment charges
    		                                       
      excess income tax benefit from share-based compensation
    		                              0 0 1,000       
      change in unrecognized tax benefits
    		                                0       
      net cash (used for) investing activities
    		                                -41,611,000       
      proceeds from issuance of convertible senior notes
    		                                -455,000       
      proceeds from issuance of tangible equity units
    		                                       
      other changes in real estate
    		                               389,000 1,706,000 549,000 -47,000 46,000 0 -1,000 -210,000 
      changes in deferred income
    		                               41,000 -17,000       
      dry hole and leasehold abandonment costs
    		                                       
      proceeds from sales of oil and gas properties
    		                                       
      equity in (earnings) loss of unconsolidated ventures
    		                                  30,841,000 -3,961,000    
      proceeds from consolidated ventures’ sale of assets
    		                                 0      
      business acquisition, net of cash acquired
    		                                 -842,000      
      proceeds from sale of multifamily property
    		                                       
      proceeds from sale of venture interest
    		                                 0      
      gain on asset purchase, exchange and sales
    		                                       
      proceeds from sales of other assets
    		                                       
      dry hole exploration costs
    		                                3,631,000       
      gain on asset exchange and sales
    		                                       
      property, equipment, software and reforestation and other
    		                                       
      cost of assets sold
    		                                       
      acquisition of loan secured by real estate
    		                                       
      proceeds from consolidated venture's sale of assets
    		                                       
      tax benefits not recognized for book purposes
    		                                 37,000 -291,000 42,000 96,000   
      deferred income
    		                                 143,000 -313,000 -348,000 -1,729,000 -1,329,000  
      tax benefit from share-based compensation
    		                                 -7,000 0 -91,000  4,000 77,000 
      distributions of earnings to noncontrolling interests
    		                                 -2,370,000 -1,961,000 -1,312,000 -1,333,000   
      distributions to noncontrolling interest
    		                                       
      non-cash share-based compensation
    		                                 3,438,000 6,668,000     
      non-cash real estate cost of sales
    		                                 13,362,000 16,988,000 2,874,000 6,818,000 7,156,000 12,852,000 
      non-cash cost of assets sold
    		                                  0 2,899,000 0   
      proceeds reinvested through qualified intermediary
    		                                       
      proceeds due from qualified intermediary
    		                                       
      oil and natural gas properties and equipment
    		                                 -18,622,000      
      proceeds from sale of multifamily investment property
    		                                       
      proceeds from sale of property and equipment
    		                                       
      proceeds from termination of timber lease
    		                                  0     
      return of investment to noncontrolling interest
    		                                 0 -405,000 -103,000    
      supplemental disclosure of business acquisitions information:
    		                                       
      proceeds reinvested through qualified intermediary under irc section 1031
    		                                       
      proceeds provided by financing activities
    		                                       
      total business acquisitions
    		                                       
      equity in (earnings) of unconsolidated ventures
    		                                       
      cost of timber cut
    		                                  134,000 403,000 527,000 922,000 547,000 
      property, equipment, software and reforestation
    		                                  -578,000 -420,000 -978,000 -3,153,000 -529,000 
      reimbursed costs from unconsolidated ventures
    		                                       
      proceeds from consolidated venture’s sale of assets
    		                                       
      gain on termination of timber lease
    		                                  0 -54,000 0 -132,000 -1,376,000 
      proceeds from sale of property
    		                                       
      gain on sale of venture interest
    		                                       
      acquisition of non-performing loan
    		                                  0     
      loss on sale of assets held for sale
    		                                   0    
      business acquisitions, net of cash acquired
    		                                       
      proceeds from sale of assets held for sale
    		                                   0    
      receivables
    		                                   32,463,000 36,000 5,000 26,000 
      net cash (used for) operating activities
    		                                       
      proceeds due from qualified intermediary under irc section 1031
    		                                       
      lessor construction allowances
    		                                       
      income taxes payable
    		                                    -20,681,000   
      equity in loss (earnings) of unconsolidated ventures
    		                                    708,000   
      notes receivable sold or collected
    		                                       
      note payable to temple-inland
    		                                       
      dividends and other transfers to temple-inland
    		                                       
      prepaid and other
    		                                       
      return of investment to noncontrolling interests
    		                                       
      reimbursements from utility or improvement districts
    		                                     300,000  
      minority interest in consolidated ventures
    		                                     360,000 472,000 
      distributions of earnings to minority interests
    		                                       
      return of investment to minority interest
    		                                       
      distributions to minority interests
    		                                      -2,318,000 
      prepaid assets and other
    		                                      -1,829,000 
      distributions to minority interest
    		                                       
      property, equipment, software, and reforestation
    		                                       
      proceeds from issuance of debt
    		                                       
    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.