7Baggers
Quarterly
Annual
    Unit: USD2025-07-31 2025-04-30 2025-01-31 2024-10-31 2024-07-31 2024-04-30 2024-01-31 2023-10-31 2023-07-31 2023-04-30 2023-01-31 2022-10-31 2022-07-31 2022-04-30 2022-01-31 2021-10-31 2021-07-31 2021-04-30 2021-01-31 2020-10-31 2020-07-31 2020-04-30 2020-01-31 2019-10-31 2019-07-31 2019-04-30 2019-01-31 2018-10-31 2018-07-31 2018-04-30 2018-01-31 2013-01-31 2012-10-31 2012-07-31 2012-04-30 2012-01-31 2011-10-31 2011-07-31 2011-04-30 2011-01-31 2010-10-31 2010-07-31 2010-04-30 2010-01-31 2009-10-31 2009-07-31 
      
    		                                              
      cash flows from operating activities:
    		                                              
      net income
    		16,615,000 19,726,000 28,191,000 94,349,000 72,919,000 50,836,000 23,904,000 97,265,000 55,764,000 34,146,000 18,716,000 55,633,000 82,614,000 62,435,000 24,808,000 52,480,000 47,702,000 488,676,000 18,959,000 40,634,000            -11,308,000 -84,410,000 34,676,000 1,802,000 -18,265,000 -98,348,000 -50,930,000 -72,667,000 -64,142,000 -132,113,000 -72,854,000 -28,634,000 236,189,000 -250,769,000 -168,912,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                              
      depreciation
    		3,192,000 3,023,000 2,298,000 2,051,000 2,067,000 2,014,000 1,598,000 1,575,000 1,299,000 4,514,000 1,410,000 1,448,000 1,520,000 1,314,000 1,175,000 1,189,000 1,269,000 1,484,000 1,338,000 1,407,000 1,355,000 1,263,000 1,279,000 1,230,000 1,004,000 959,000 979,000 836,000 811,000 719,000 790,000 1,462,000 1,512,000 1,494,000 1,559,000 1,658,000 2,173,000 2,602,000 2,246,000 2,319,000 3,487,000 2,632,000 3,071,000 3,386,000 5,413,000 3,828,000 
      stock-based compensation
    		6,243,000 4,232,000 3,649,000 5,061,000 9,190,000 6,945,000 4,073,000 4,674,000 5,318,000 2,165,000 2,070,000                                    
      amortization of debt discounts, premiums and deferred financing costs
    		-393,000 -612,000 -772,000  -936,000 356,000 214,000 84,000 839,000 392,000 330,000                                    
      gain on sale of property and assets
    		1,000 -174,000 -778,000 -202,000   -41,000  -96,000                                      
      gain on consolidation of joint venture
    		       0                                       
      gain on inventory contributed to joint venture
    		                                              
      income from unconsolidated joint ventures
    		-15,511,000 -9,043,000 -9,205,000 -15,448,000 -10,698,000 -11,164,000 -14,952,000 -22,191,000 -8,401,000    -12,557,000 -3,171,000 -8,191,000 719,000 -5,011,000 -2,641,000 -1,916,000 -3,146,000          -1,343,000 5,176,000     23,000    992,000    373,000  5,537,000 
      distributions of earnings from unconsolidated joint ventures
    		1,300,000 460,000 1,700,000 749,000 1,482,000 678,000 1,010,000 5,268,000 8,860,000 3,830,000 692,000          15,476,000 5,685,000 9,250,000  9,615,000       400,000 1,253,000 240,000 91,000 206,000 1,217,000 73,000 -232,000 525,000 439,000 115,000 0 1,697,000 1,675,000 900,000 
      gain on extinguishment of debt
    		0     0 -1,371,000         3,442,000                    -24,698,000 -10,563,000 1,391,000   0 -5,256,000 -17,217,000 -2,574,000 17,619,000 -37,016,000 
      inventory impairments and land option write-offs
    		16,045,000 3,056,000 1,040,000 7,918,000 3,099,000 237,000 302,000 614,000 308,000 137,000 477,000                                    
      increase in assets:
    		                                              
      inventories
    		34,988,000 -80,531,000 -43,000 -2,252,000 -112,859,000 46,263,000 -114,674,000 61,461,000 168,758,000 36,784,000 11,669,000  -94,287,000 -79,344,000 -159,227,000 61,062,000 -33,520,000 24,195,000 -87,251,000 15,117,000 72,630,000         10,796,000 -31,063,000 -25,087,000 17,261,000 -24,266,000 29,498,000 -14,063,000 -2,728,000 -57,997,000 -57,755,000 30,095,000 -13,706,000 8,357,000 -48,453,000 26,076,000 82,553,000 54,675,000 
      receivables, deposits and notes
    		-5,638,000 45,409,000 -41,934,000 13,237,000 -23,218,000 -6,614,000 4,694,000 -1,342,000 8,122,000 -1,256,000 5,772,000                                    
      origination of mortgage loans
    		-500,784,000 -398,734,000 -379,898,000 -484,496,000 -402,130,000 -375,179,000 -306,156,000 -405,908,000 -294,217,000    -283,423,000 -325,723,000 -272,877,000 -402,368,000 -359,057,000 -394,402,000 -334,272,000 -374,677,000          -257,950,000 -198,878,000                
      sale of mortgage loans
    		488,248,000 396,878,000 412,670,000 484,174,000 350,603,000 377,149,000 337,346,000 356,329,000 292,937,000 296,799,000 251,923,000 299,867,000 289,241,000 314,210,000 342,090,000 382,932,000 353,977,000 393,652,000 312,794,000 368,968,000 344,956,000 308,796,000 345,183,000 309,250,000 270,828,000 218,296,000 256,161,000 304,325,000 265,698,000 250,172,000 251,055,000                
      deferred tax assets
    		3,723,000 5,584,000 10,937,000 16,845,000 21,795,000 15,628,000 7,501,000 21,865,000 11,994,000   31,777,000 23,987,000 15,656,000 9,465,000 21,775,000 11,733,000                              
      increase in liabilities:
    		                                              
      accounts payable, accrued interest and other liabilities
    		14,203,000 40,311,000 -62,842,000 -4,168,000 45,513,000 -8,141,000 -33,553,000 14,496,000 3,486,000                                      
      customers’ deposits
    		-10,182,000 3,111,000 912,000 -7,152,000 -3,346,000 -6,179,000 379,000 -12,488,000 -14,764,000   -25,501,000 -924,000 17,226,000 14,924,000 -8,434,000 10,799,000 8,669,000 8,975,000 7,294,000    -4,486,000 2,405,000 7,458,000 409,000  7,055,000 -3,392,000 617,000 5,049,000 -1,297,000 2,874,000 3,071,000 1,255,000 1,180,000 263,000 1,026,000 4,681,000 -1,748,000 -3,606,000 18,000 -3,955,000 -6,858,000 3,354,000 
      state income tax payable
    		731,000 -9,994,000 879,000 5,833,000 -128,000 -2,809,000 722,000 1,427,000 434,000 -4,991,000 1,824,000  1,532,000 -2,035,000 1,122,000 1,367,000 -104,000    -360,000 -1,098,000 1,714,000    341,000  338,000 -284,000 -41,000                
      net cash from operating activities
    		52,781,000 22,303,000 -55,879,000 115,824,000 -92,283,000 89,103,000 -89,004,000 143,676,000 225,632,000   118,063,000 33,606,000 53,526,000 -115,729,000 127,941,000 66,812,000 109,519,000 -94,059,000 99,994,000 113,115,000 52,075,000 27,644,000       9,943,000 -82,524,000 5,775,000 -4,923,000 -22,209,000 3,256,000 -43,122,000 -28,174,000   2,477,000 -59,454,000 -34,565,000 177,876,000 -51,370,000 -84,343,000 -49,451,000 
      capex
    		-7,007,000 -6,319,000 -3,685,000 -4,422,000 -3,554,000 -4,441,000 -5,442,000 -5,618,000 -5,034,000   0 -3,271,000 -2,882,000 -2,453,000 -2,053,000 -1,428,000 -1,497,000 -964,000 0 0 0 0       -1,292,000 -1,916,000 -447,000 0 -4,146,000 -594,000 -134,000 0   -267,000 0 0 -576,000 -371,000 0 -290,000 
      free cash flows
    		45,774,000 15,984,000 -59,564,000 111,402,000 -95,837,000 84,662,000 -94,446,000 138,058,000 220,598,000   118,063,000 30,335,000 50,644,000 -118,182,000 125,888,000 65,384,000 108,022,000 -95,023,000 99,994,000 113,115,000 52,075,000 27,644,000       8,651,000 -84,440,000 5,328,000 -4,923,000 -26,355,000 2,662,000 -43,256,000 -28,174,000   2,210,000 -59,454,000 -34,565,000 177,300,000 -51,741,000 -84,343,000 -49,741,000 
      cash flows from investing activities:
    		                                              
      proceeds from sale of property and assets
    		1,000 640,000 882,000 468,000 -49,000 957,000 43,000 1,502,000 366,000 24,000 69,000 0 0 58,000 5,000 2,000 15,000 -1,000 16,000 8,000 73,000 22,000 9,000 6,000 7,000 1,000 15,000 1,000 29,000 103,000 38,170,000 81,000 173,000 2,899,000 112,000 22,000 391,000 22,000 568,000 360,000       
      purchase of property, equipment, and other fixed assets
    		-7,007,000 -6,319,000 -3,685,000 -4,422,000 -3,554,000 -4,441,000 -5,442,000 -5,618,000 -5,034,000                       -447,000  -4,146,000 -594,000 -134,000  -294,000         
      investment in and advances to unconsolidated joint ventures, net of reimbursements
    		-20,683,000 -2,801,000 -26,088,000 -2,274,000 318,000   738,000 -58,518,000                                      
      distributions of capital from unconsolidated joint ventures
    		0 600,000 3,825,000 51,000 190,000 2,885,000 1,278,000 3,558,000 5,226,000 5,030,000 2,633,000 4,915,000 3,103,000 1,770,000 554,000 4,281,000 7,579,000 7,561,000 12,035,000 21,171,000 3,720,000 -2,080,000 2,521,000 2,159,000 1,010,000 29,000 5,727,000 126,000 -218,000 22,108,000 6,646,000 12,538,000 2,276,000 1,562,000 560,000 698,000 1,752,000 1,614,000 687,000 698,000 2,591,000 2,810,000 1,011,000 816,000 7,363,000 108,000 
      net cash from investing activities
    		-27,689,000 -7,880,000 -25,066,000 -6,177,000 -3,095,000 -33,079,000 -4,121,000 180,000 -57,960,000    -185,000 -173,000 -2,927,000 2,017,000 19,407,000 -20,301,000 7,873,000 20,447,000       3,394,000 20,625,000 -17,993,000 -8,182,000 41,051,000 9,715,000 410,000 194,000 -832,000 -1,272,000 1,277,000 1,282,000 224,000 -1,588,000 97,000 1,407,000 -1,126,000 -394,000 -15,323,000 -11,000 
      cash flows from financing activities:
    		                                              
      proceeds from mortgages and notes
    		47,195,000 47,381,000 58,171,000 73,405,000 76,329,000 72,416,000 78,867,000 75,808,000 96,522,000 94,815,000 57,704,000 87,656,000 120,243,000 94,963,000 136,021,000 92,326,000 39,264,000 57,083,000 64,257,000 68,079,000 70,637,000 79,424,000 60,437,000 82,817,000 64,600,000 116,829,000 54,216,000 51,690,000 53,449,000 42,160,000 33,802,000 13,765,000 7,893,000 2,381,000 2,765,000 3,201,000 16,553,000       3,450,000   
      payments related to mortgages and notes
    		-72,315,000 -57,482,000 -61,587,000 -98,597,000 -83,500,000 -86,739,000 -71,257,000 -113,480,000 -106,263,000    -128,870,000 -94,716,000 -63,892,000 -84,358,000 -35,136,000 -70,880,000 -72,235,000 -112,873,000          -35,525,000 -46,596,000 -7,893,000   -4,240,000 -237,000           
      proceeds from model sale leaseback financing programs
    		11,064,000 7,422,000 18,492,000 1,517,000    0 582,000 10,520,000 1,310,000 7,597,000 451,000 18,245,000 8,737,000 1,968,000 2,900,000 1,378,000 1,360,000 845,000 15,048,000 939,000 2,368,000 11,912,000 6,371,000 5,338,000 9,567,000 505,000 21,498,000 0 746,000 2,121,000 2,738,000 4,956,000             
      payments related to model sale leaseback financing programs
    		-6,701,000 -4,320,000 -2,785,000 -4,836,000 -5,617,000 -6,204,000 -5,907,000 -7,324,000 -8,964,000    -2,744,000 -4,998,000 -3,553,000 -5,444,000 -8,354,000 -6,296,000 -3,583,000 -6,882,000          -5,807,000 -16,934,000 -2,199,000               
      proceeds from land bank financing programs
    		104,604,000 40,319,000 14,896,000 22,766,000 50,115,000 7,447,000 18,407,000 18,402,000 4,378,000 9,018,000 21,317,000 49,773,000 70,438,000 48,316,000 21,425,000 7,646,000 11,142,000 1,469,000 15,025,000 10,940,000 8,860,000 8,640,000 39,620,000 17,227,000 26,579,000 46,529,000 14,626,000 1,870,000 13,191,000 1,562,000 2,204,000                
      payments related to land bank financing programs
    		-44,446,000 -26,568,000 -14,103,000 -14,492,000 -20,319,000 -29,517,000 -22,296,000 -33,053,000 -50,993,000    -13,195,000 -12,311,000 -13,642,000 -11,145,000 -26,707,000 -25,880,000 -24,726,000 -18,826,000          -10,441,000 -9,449,000                
      net (payments) proceeds related to mortgage warehouse lines of credit
    		            -3,823,000 2,877,000 -63,311,000                      8,070,000          
      payments related to senior notes, senior secured notes and senior unsecured term loan
    		0                                              
      preferred dividends paid
    		-2,669,000 -2,669,000 -2,669,000 -2,668,000 -2,669,000 -2,669,000 -2,669,000 -2,668,000 -2,669,000    -2,669,000 -2,669,000 -2,669,000                                
      treasury stock purchases
    		94,000 -12,346,000 -18,050,000 11,000 -11,392,000   0 0                                      
      deferred financing costs from land banking financing programs and note issuances
    		-1,648,000 -554,000 -1,151,000  -1,531,000 -714,000 -910,000  -1,076,000    -1,356,000 -2,114,000 -1,848,000 -1,382,000 -361,000 -254,000 -590,000                            
      net cash from financing activities
    		50,504,000 -39,446,000 -41,575,000 -26,757,000 48,328,000 -63,226,000 -146,271,000 -33,714,000 -171,009,000    38,313,000 -56,362,000 17,118,000 -53,628,000 -122,793,000 -44,285,000 3,433,000 -57,241,000 -153,234,000   47,336,000 20,981,000 99,432,000 38,959,000   -30,274,000 -145,559,000 -50,569,000 43,775,000 48,968,000 34,904,000 -36,657,000 -4,748,000 10,655,000 135,566,000 -51,693,000 16,301,000 -15,178,000 -51,242,000 -41,864,000 -24,771,000 -182,545,000 
      net decrease in cash and cash equivalents, and restricted cash and cash equivalents
    		75,596,000 -25,023,000 -122,520,000  -47,050,000 -7,202,000 -239,396,000  -3,337,000    71,734,000 -3,009,000 -101,538,000    -82,753,000                            
      cash and cash equivalents, and restricted cash and cash equivalents balance, beginning of period
    		0 0 266,761,000 0 0 0 477,519,000 0 0 0 382,190,000 0 0 0 311,396,000 0 0 0 309,460,000                            
      cash and cash equivalents, and restricted cash and cash equivalents balance, end of period
    		75,596,000 -25,023,000 144,241,000 82,890,000 -47,050,000 -7,202,000 238,123,000 110,142,000 -3,337,000 91,433,000 279,281,000 103,607,000 71,734,000 -3,009,000 209,858,000 76,330,000 -36,574,000 44,933,000 226,707,000                            
      reconciliation of cash, cash equivalents and restricted cash
    		                                              
      homebuilding: cash and cash equivalents
    		72,612,000 -20,278,000 94,258,000 87,940,000 -59,930,000 -1,152,000 183,118,000 108,937,000 -8,072,000 98,325,000 234,929,000 101,109,000 75,658,000 11,533,000 137,898,000 73,222,000 -45,573,000 46,223,000 172,098,000                            
      homebuilding: restricted cash and cash equivalents
    		3,124,000 582,000 8,449,000 -1,740,000 1,245,000 1,000 8,369,000 -192,000 707,000 -238,000 8,154,000 -2,123,000 1,222,000 23,000 14,260,000 989,000 2,347,000 125,000 12,628,000                            
      financial services: cash and cash equivalents, included in financial services assets
    		523,000 176,000 4,529,000 742,000 1,118,000 207,000 4,522,000 400,000 329,000 -892,000 4,682,000 1,619,000 910,000 -2,907,000 6,846,000 -368,000 2,070,000 -414,000 4,531,000                            
      financial services: restricted cash and cash equivalents, included in financial services assets
    		-663,000 -5,503,000 37,005,000 -4,052,000 10,517,000 -6,258,000 42,114,000 997,000 3,699,000 -5,762,000 31,516,000 3,002,000 -6,056,000 -11,658,000 50,854,000 2,487,000 4,582,000 -1,001,000 37,450,000                            
      total cash, cash equivalents and restricted cash shown in the statements of cash flows
    		75,596,000 -25,023,000 144,241,000 82,890,000 -47,050,000 -7,202,000 238,123,000 110,142,000 -3,337,000 91,433,000 279,281,000                                    
      gain on assets contributed to joint venture
    		 0 -22,683,000                                            
      net payments related to mortgage warehouse lines of credit
    		 -4,041,000 -32,789,000   -2,099,000 -27,004,000  -589,000                     8,048,000 -51,487,000 -55,447,000  13,678,000 15,486,000 -685,000           
      amortization of debt discounts, premiums and debt issuance costs
    		                                              
      gain on consolidation of joint ventures
    		                                              
      (gain) loss on extinguishment of debt
    		   0                              -6,229,000             
      noncontrolling interest in consolidated joint ventures
    		       16,000 11,000   45,000 86,000 77,000 62,000 120,000 120,000 112,000 78,000                            
      proceeds from partner distributions to consolidated joint venture
    		           0    0                               
      payments for partner distributions to consolidated joint venture
    		            -162,000 -120,000 -150,000 -255,000 -309,000                              
      net proceeds (payments) related to mortgage warehouse lines of credit
    		   -3,045,000            18,528,000 5,942,000 -651,000 23,925,000                            
      net borrowings from senior secured notes
    		                                              
      payments related to senior secured notes
    		     0 -113,502,000 -650,245,000     0                                  
      debt issuance costs from note issuances, land banking financing programs and model sale leaseback financing programs
    		                                              
      net increase in cash and cash equivalents, and restricted cash and cash equivalents
    		               76,330,000 -36,574,000   63,200,000 -37,107,000                          
      supplemental disclosures of cash flows:
    		                                              
      cash paid during the period for:
    		                                              
      interest, net of capitalized interest
    		   24,712,000 -7,211,000 33,267,000 -2,965,000 35,946,000 -468,000   27,604,000 -9,166,000 31,688,000 -5,254,000 32,404,000 7,621,000 37,280,000 9,922,000                            
      income taxes
    		   838,000 2,683,000 5,738,000 435,000 836,000 1,683,000 6,804,000 84,000 5,373,000 3,794,000 4,888,000 7,000 1,822,000 2,435,000 3,343,000 69,000                            
      (gain) loss on sale of property and assets
    		                                              
      decrease in liabilities:
    		                                              
      cash (received) paid during the period for:
    		                                              
      loss on extinguishment of debt
    		       21,556,000     0               1,830,000                   
      decrease (increase) in assets:
    		                                              
      deferred financing costs from note issuances and land banking financing programs
    		                                              
      repurchases of common stock
    		                                              
      distributions of earnings from unconsolidated joint venture
    		           -207,000 1,454,000 643,000 2,100,000 776,000 3,536,000 2,556,000 2,841,000                            
      net borrowings from senior secured credit facility
    		                                              
      payments related to senior secured credit facility
    		                                              
      compensation from stock options and awards
    		            3,010,000 1,759,000 1,635,000 2,359,000 3,556,000 851,000 902,000 2,741,000    524,000 -994,000 576,000 615,000 963,000 631,000 1,036,000 1,039,000 1,149,000 2,719,000 867,000 1,680,000 1,187,000 1,109,000 1,493,000 1,677,000 1,940,000 1,684,000 2,507,000 2,151,000 2,364,000 2,250,000 2,025,000 
      amortization of bond discounts, premiums and deferred financing costs
    		            -9,000 86,000 -280,000 -248,000 -44,000 325,000 209,000 173,000 276,000 161,000 1,281,000 2,125,000 2,123,000 2,060,000 1,820,000 2,922,000 1,750,000                  
      gain on sale and retirement of property and assets
    		            0 -32,000 -5,000 103,000 3,000 0 -14,000 3,000          36,000 -3,628,000 -76,000 -149,000 46,000 -105,000 -22,000           
      inventory impairment and land option write-offs
    		            1,173,000 565,000 99,000 363,000 1,309,000 81,000 1,877,000 2,611,000 2,364,000 1,010,000 2,828,000 2,687,000 1,435,000 1,462,000 704,000 318,000 96,000 2,673,000 414,000 665,000 5,300,000 689,000 3,216,000 3,325,000 59,873,000 11,426,000 16,925,000 13,525,000 80,588,000 48,959,000 1,186,000 4,966,000   
      receivables, prepaids, deposits and other assets
    		            -9,127,000 -2,198,000 -2,139,000 -1,044,000 -4,513,000 12,072,000 -9,531,000 6,138,000 -2,964,000                          
      accounts payable, accrued interest and other accrued liabilities
    		            29,316,000 45,263,000 -70,490,000 11,348,000 34,751,000 34,876,000 -9,605,000 26,395,000          36,033,000 -82,544,000 -42,293,000 2,680,000 23,823,000 1,047,000 -29,126,000 9,650,000 1,808,000 -5,053,000 -70,359,000       
      purchase of property, equipment, and other fixed assets and acquisitions
    		            -3,271,000 -2,882,000 -2,453,000 -2,053,000 -1,428,000 -1,497,000 -964,000                     -267,000       
      investment in and advances to unconsolidated joint ventures
    		            -17,000 881,000 -1,033,000 -213,000 13,241,000 -26,364,000 -3,214,000                            
      total cash, cash equivalents and restricted cash shown in the statement of cash flows
    		            71,734,000 -3,009,000 209,858,000 76,330,000 -36,574,000 44,933,000 226,707,000                            
      proceeds from partner distributions from consolidated joint venture
    		                                              
      proceeds from senior secured notes, net of discount
    		                       556,883,000 0 0 21,348,000                    
      payments related to senior secured notes, net of discount
    		               -71,512,000                               
      cash paid received during the period for:
    		                                              
      state income tax payable
    		                  557,000                            
      cash paid (received) during the period for:
    		                                              
      adjustments to reconcile net income to net cash provided by operating activities:
    		                                              
      state and federal income tax payable
    		                                              
      proceeds from partner contributions to consolidated joint venture
    		                                              
      payments related to unsecured revolving credit facility
    		                                              
      payments related to senior secured term loan facility
    		                                              
      proceeds from senior unsecured term loan facility
    		                           0 70,047,000                  
      borrowings from senior secured credit facility
    		                                              
      payments related to senior secured, senior, senior amortizing and senior exchangeable notes
    		                                              
      cash and cash equivalents, and restricted cash and cash equivalents balance, beginning of year
    		                                              
      cash and cash equivalents, and restricted cash and cash equivalents balance, end of year
    		                                              
      noncontrolling interest in consolidated joint venture
    		                    30,000 20,000 13,000                        
      purchase of property, equipment and other fixed assets and acquisitions
    		                             -1,292,000 -1,916,000            -576,000 -371,000  -290,000 
      investments in and advances to unconsolidated joint ventures
    		                             -16,847,000 -2,032,000 -2,457,000  -121,000 -910,000 -1,858,000           
      proceeds from partner contribution to consolidated joint ventures
    		                                              
      borrowings from senior secured revolving credit facility
    		                                              
      payments related to senior secured revolving credit facility
    		                                              
      deferred financing costs from land bank financing program and note issuances
    		                              -1,843,000                
      cash, cash equivalents, and restricted cash and cash equivalents balance, beginning of period
    		                    0 0 182,266,000   0 232,992,000                    
      cash, cash equivalents, and restricted cash and cash equivalents balance, end of period
    		                    -37,107,000 155,419,000 127,948,000   15,430,000 153,173,000                    
      net
    		                             -9,823,000 -30,809,000                
      adjustments to reconcile net (loss) to net cash from operating activities:
    		                                              
      net borrowings from senior secured revolving credit facility
    		                          36,000,000                    
      (income) income from unconsolidated joint ventures
    		                               -2,289,000 -3,077,000 -851,000             
      deferred income tax provision
    		                                              
      noncontrolling interest income in consolidated joint venture
    		                                              
      payments for model sale leaseback financing programs
    		                                              
      proceeds from partner contribution to consolidated joint venture
    		                        10,000                      
      payments related to senior, senior secured and senior amortizing notes
    		                                              
      deferred financing costs from land bank financing programs and note issuances
    		                               -475,000               
      payments for senior notes and senior amortizing notes
    		                              -56,002,000                
      borrowings from revolving credit facility
    		                                              
      proceeds from senior secured term loan facility
    		                                              
      proceeds from senior secured notes
    		                                              
      net increase in cash and cash equivalents
    		                                        -43,056,000 -48,336,000 125,508,000 -93,628,000 -124,437,000 -232,007,000 
      cash, cash equivalents and restricted cash and cash equivalents balance, beginning of year
    		                                              
      cash, cash equivalents and restricted cash and cash equivalents balance, end of year
    		                                              
      financial service: cash and cash equivalents, included in financial services assets
    		                                              
      restricted cash, receivables, prepaids, deposits and other assets
    		                            33,530,000 -21,983,000 3,011,000 41,162,000  -4,824,000 -4,587,000 23,540,000           
      decrease in restricted cash related to mortgage company
    		                                              
      increase in restricted cash related to letters of credit and bonds
    		                                              
      net decrease in cash and cash equivalents
    		                             -28,513,000 -187,032,000 -35,079,000  26,953,000 37,328,000 -81,051,000 -31,645,000   -50,804,000       
      cash and cash equivalents balance, beginning of period
    		                            0 0 469,320,000 273,232,000  0 0 250,740,000           
      cash and cash equivalents balance, end of period
    		                            -31,836,000 -28,513,000 282,288,000 238,153,000  26,953,000 37,328,000 169,689,000  -71,345,000 37,354,000 316,376,000  -48,336,000 125,508,000 333,064,000  -232,007,000 
      deferred income tax benefit
    		                                              
      decrease (increase) in restricted cash related to mortgage company
    		                             -121,000 174,000                
      payments related to senior notes and senior amortizing notes
    		                                              
      amortization of bond discounts and deferred financing costs
    		                              2,337,000 1,844,000 2,183,000 1,760,000 1,862,000 1,631,000 1,591,000 1,676,000 1,471,000 1,309,000 1,294,000 1,286,000 1,244,000 1,227,000 14,564,000 295,000 
      decrease (increase) in restricted cash related to letters of credit
    		                              9,000                
      increase in restricted cash related to letters of credit
    		                                              
      expenses related to the debt for debt exchange
    		                                0 11,000 89,000 4,594,000           
      mortgage loans held for sale
    		                               44,600,000  -16,276,000 -7,847,000 4,942,000  -5,826,000 -9,729,000 48,683,000       
      state and federal income tax liabilities
    		                               -9,503,000 190,000 -36,243,000 415,000 691,000 6,047,000 -4,701,000 448,000 22,125,000 -1,257,000      
      proceeds from land bank financing program
    		                               10,206,000 12,781,000              
      payments related to land bank financing program
    		                               -9,706,000               
      principal payments and debt repurchases
    		                               -941,000 -865,723,000 -2,411,000 -52,861,000 -20,163,000 -15,124,000 -13,605,000   0 -19,270,000 -70,033,000 -22,273,000 -786,337,000 -81,372,000 
      payments related to the debt for debt exchange
    		                                0 -13,000 -88,000 -18,773,000           
      mortgage notes receivable
    		                                        -24,870,000 -3,402,000 -11,484,000 22,976,000 -9,402,000 -1,009,000 
      restricted cash, receivables, prepaids, deposits, and other assets
    		                                              
      net proceeds from senior secured notes
    		                                              
      net proceeds from senior notes
    		                                              
      net proceeds from exchangeable notes units
    		                                              
      net proceeds from tangible equity units
    		                                              
      net proceeds from class a common stock
    		                                              
      deferred financing cost from land banking financing program and note issuances
    		                                              
      purchase of treasury stock
    		                                0 0             
      cash and cash equivalents balance, beginning of year
    		                                              
      cash and cash equivalents balance, end of year
    		                                              
      cash received during the year for income taxes
    		                                              
      payments from mortgages and notes
    		                                              
      proceeds from senior debt
    		                                     0         
      net proceeds from tangible equity units issuance
    		                                              
      net proceeds from common stock issuance
    		                                 0             
      deferred financing costs from land bank financing program and note issuance
    		                                              
      net proceeds from teu issuance
    		                                              
      deferred financing costs from note issuance
    		                                              
      stock option cancellations
    		                                            3,418,000 0 
      (gain) loss on sale and retirement of property and assets
    		                                              
      loss (income) from unconsolidated joint ventures
    		                                              
      state and federal income tax assets
    		                                            0 0 
      deferred financing cost from note issuances
    		                                    0 -951,000         
      cash received during the year for:
    		                                              
      proceeds from tangible equity units issuance
    		                                     0         
      proceeds from common stock issuance
    		                                     0         
      adjustments to reconcile net income to net cash
    		                                              
      provided by operating activities:
    		                                              
      gain on sale and retirement of property
    		                                              
      and assets
    		                                      24,000 -293,000  -28,000 76,000 -119,000  212,000 
      decrease in assets:
    		                                              
      restricted cash, receivables, prepaids, deposits and
    		                                              
      other assets
    		                                      18,307,000 11,077,000  11,347,000 14,030,000 10,881,000  1,537,000 
      net cash from provided by operating activities
    		                                              
      investments in and advances to unconsolidated
    		                                              
      joint ventures
    		                                      -849,000 -2,379,000  -1,042,000 -1,564,000 -989,000  23,000 
      (payments) proceeds from mortgages and notes
    		                                      -2,237,000 -2,122,000      -1,411,000 
      net payments related to mortgage
    		                                              
      warehouse lines of credit
    		                                      9,456,000 -49,571,000       
      cash and cash equivalents balance, beginning
    		                                              
      of period
    		                                      0 367,180,000  0 0 426,692,000  0 
      goodwill and intangible amortization and impairment
    		                                              
      excess tax payments from share-based payments
    		                                              
      deferred income taxes
    		                                              
      proceeds (payments) from mortgages and notes
    		                                        -1,330,000 -3,872,000     
      net (payments) relating to revolving credit facility
    		                                              
      excess tax payments from share-based payment
    		                                              
      proceeds from sale of stock and employee stock plan
    		                                              
      (gain) loss on sale and retirement of property
    		                                              
      accounts payable, interest and other accrued liabilities
    		                                         -18,366,000 7,005,000 -63,523,000  -36,008,000 
      net proceeds from sale of property and assets
    		                                         195,000 3,000 150,000 60,000 148,000 
      purchase of property, equipment and other fixed assets
    		                                              
      warehouse line of credit
    		                                         8,175,000 14,519,000 -22,593,000  639,000 
      deferred financing costs from note issuances
    		                                         -211,000 -943,000 -448,000  -401,000 
      state and federal income tax
    		                                          255,274,000 -291,334,000   
      net proceeds related to revolving credit agreement
    		                                              
      excess tax payments (benefits) from share-based payments
    		                                              
      (payments)/proceeds from mortgages and notes
    		                                              
      net (payments) proceeds related to mortgage warehouse line of credit
    		                                              
      excess tax (payments) benefits from share-based payment
    		                                              
      net proceeds from sale of stock and employee stock plan
    		                                              
      intangible amortization
    		                                              
      impairment and land option write-offs
    		                                             101,130,000 
      state and federal income tax liability
    		                                             20,001,000 
      net proceeds related to revolving
    		                                              
      credit agreement
    		                                              
    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.