7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 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 
      
    		                                                   
      cash flows from operating activities
    		                                                   
      net income before allocation to non-controlling interests
    		204,451,000 195,985,000 213,731,000 244,023,000 251,472,000 199,914,000 191,161,000 173,162,000 170,446,000 234,905,000 191,228,000 275,401,000 309,231,000 293,154,000 178,461,000 282,702,000 172,467,000   96,662,000 115,200,000   54,709,000 67,036,000 81,888,000 51,281,000 9,215,000 94,441,000 59,292,000 47,532,000 30,426,000 54,693,000 55,930,000 35,601,000 76,111,000 58,684,000 45,664,000 26,104,000             
      adjustments to reconcile net income to net cash provided by/(used in) operating activities:
    		                                                   
      net income from unconsolidated entities
    		-1,253,000 -326,000 -1,975,000  -707,000 -2,628,000 -2,751,000    -1,929,000                                         
      stock compensation expense
    		6,536,000 8,016,000 7,785,000 5,445,000 5,461,000 6,072,000 5,483,000 7,589,000 5,702,000 5,271,000 7,533,000 9,427,000 5,333,000 5,278,000 6,863,000 4,815,000 4,793,000 4,653,000 5,682,000 4,869,000 5,272,000 4,986,000 17,002,000 3,827,000 3,693,000 3,826,000 3,417,000 11,243,000 3,591,000 2,747,000 3,543,000 1,360,000 3,377,000 3,838,000 3,012,000 1,953,000 3,042,000 3,197,000 2,720,000 2,168,000 2,127,000 2,038,000 1,558,000 1,504,000 1,507,000 1,475,000 1,345,000 1,206,000 1,682,000 83,935,000 495,000 
      distributions of earnings from unconsolidated entities
    		2,821,000 4,167,000 3,096,000 1,664,000 1,399,000 6,969,000 2,897,000 1,853,000 1,843,000 4,687,000 847,000 -48,000 1,066,000 2,194,000 2,058,000 1,690,000 1,840,000 4,048,000 3,162,000 2,313,000 3,042,000 4,720,000 1,489,000 1,840,000 2,317,000 3,881,000 2,435,000 7,677,000 870,000 2,757,000 541,000 2,299,000 1,170,000 2,160,000 1,336,000 1,723,000 865,000 1,562,000 111,000 325,000 442,000 930,000 507,000 11,291,000 2,814,000 4,884,000 13,977,000 23,177,000 2,998,000 1,154,000 2,807,000 
      depreciation and amortization
    		10,405,000 10,146,000 9,021,000 9,696,000 9,913,000 11,331,000 10,250,000 9,689,000 9,239,000 7,391,000 7,087,000 8,391,000 7,690,000 8,917,000 8,841,000 10,254,000 9,928,000 10,162,000 9,636,000 10,397,000 9,322,000 9,016,000 8,601,000 9,337,000 7,733,000 6,589,000 7,765,000 8,785,000 6,300,000 6,291,000 5,015,000 959,000 897,000 1,026,000 1,071,000 972,000 1,026,000 896,000 1,078,000 1,180,000 1,075,000 991,000 861,000 132,000 1,333,000 3,012,000 -387,000 917,000 -178,000 1,422,000 1,301,000 
      operating lease expense
    		4,301,000 4,718,000 4,945,000  4,584,000 5,602,000 5,903,000  5,759,000 6,368,000 7,144,000  6,911,000 6,719,000 6,913,000  4,209,000 3,989,000 3,969,000  4,327,000 4,839,000 3,752,000  2,312,000 2,312,000 2,065,000                         
      debt issuance costs amortization
    		668,000 667,000 665,000 667,000 741,000 741,000 741,000 741,000 830,000 876,000 868,000  1,030,000 353,000 191,000              790,000 774,000 878,000 955,000 955,000 954,000 955,000 955,000 955,000               
      change in urban form assets due to sale
    		            0                                       
      estimated development liabilities - change in estimate
    		                                                   
      inventory impairments
    		7,189,000                                                   
      land held for sale write-down
    		    0                                               
      changes in operating assets and liabilities:
    		                                                   
      real estate inventory and land deposits
    		87,351,000 -243,194,000 -79,943,000 73,980,000 -182,921,000 -324,466,000 -363,923,000 9,201,000 -257,238,000 117,866,000 51,596,000 559,554,000 57,500,000 -381,018,000 -286,828,000 335,682,000 -195,319,000 -126,971,000 -356,519,000 95,396,000 274,488,000 92,093,000 73,261,000 245,266,000 -140,174,000 29,009,000 -133,111,000 48,463,000 -68,400,000 -108,274,000 -120,004,000 285,066,000 -42,542,000 -153,702,000 -47,099,000 270,101,000 -40,852,000 46,073,000 -108,979,000 6,357,000 -39,284,000 -144,687,000 -246,993,000 211,290,000 -96,130,000 -183,414,000 -242,296,000 73,109,000 -125,571,000 -309,431,000 -88,254,000 
      mortgage loans held for sale, prepaid expenses and other assets
    		-42,650,000 -114,033,000 -46,004,000 1,590,000 40,139,000 -188,030,000 -35,783,000 6,931,000 -22,537,000                                -21,642,000           
      customer deposits
    		-48,053,000 -31,232,000 3,567,000 -68,359,000 -41,556,000 -8,591,000 31,570,000 -54,457,000 -180,000 -33,361,000 1,993,000 -115,320,000 -52,533,000 39,029,000 55,211,000 -34,842,000 39,235,000 59,474,000 110,581,000 47,971,000 57,532,000 -5,573,000 32,516,000 -17,647,000 12,024,000 -3,951,000 11,470,000 -37,814,000 -2,777,000 22,070,000 37,294,000 -53,075,000 3,164,000 30,689,000 40,178,000 -25,989,000 -2,269,000 16,557,000 30,492,000 -9,767,000 1,131,000 14,102,000 14,495,000 -30,075,000 -6,802,000 9,009,000 16,490,000 -15,107,000 -1,187,000 13,221,000 18,868,000 
      accounts payable, accrued expenses and other liabilities
    		-34,050,000 99,432,000 -117,349,000 91,610,000 50,011,000 96,505,000 -22,133,000 112,042,000 22,472,000 62,394,000 -112,097,000  -38,102,000 93,771,000 -138,247,000  2,324,000 60,597,000 34,208,000  -60,237,000 66,356,000 -37,422,000  52,296,000 39,102,000 -13,896,000  7,449,000 32,375,000 -59,494,000 -25,006,000 4,658,000 33,106,000 -33,747,000 -11,064,000 12,169,000 -6,619,000 -14,965,000 -12,132,000 30,218,000 862,000 -15,952,000 -7,432,000 34,742,000 22,618,000 -15,981,000     
      income taxes payable
    		0 -67,057,000 64,814,000 -3,285,000   45,848,000   35,000 2,977,000  25,902,000 -52,356,000 54,211,000 -36,395,000 17,718,000 -27,507,000 33,343,000 -20,164,000 21,177,000 19,626,000 -592,000 -3,879,000 6,326,000   0 -14,454,000 397,000 9,532,000 -10,494,000 2,984,000 -15,170,000 16,677,000 -16,145,000 11,066,000 6,663,000 -28,848,000 8,414,000 953,000 -9,950,000 -10,912,000 38,761,000 -8,484,000 7,557,000 -26,389,000 3,783,000 29,273,000 1,519,000 -1,384,000 
      net cash provided by/(used in) operating activities
    		  77,231,000          264,497,000 138,029,000 57,461,000        72,101,000                             
      cash flows from investing activities:
    		                                                   
      purchase of property and equipment
    		-13,047,000 -7,680,000 -8,513,000 -10,060,000 -8,829,000 -8,330,000 -9,111,000 13,616,000 -25,997,000 -7,238,000 -13,807,000 -8,103,000 -9,677,000 -7,412,000 -5,389,000 -5,501,000 4,825,000 -12,699,000 -7,824,000 -12,484,000 -8,225,000 -11,020,000 -6,031,000 -11,443,000 -6,648,000 -5,833,000 -6,194,000 -6,004,000 -5,861,000 -5,898,000 -2,695,000 -1,578,000 -928,000 -640,000 -275,000 -974,000 -747,000 518,000 -705,000 -2,545,000 -254,000 -1,182,000 -317,000 -977,000 -972,000 -2,467,000 693,000 -1,579,000 -1,457,000 -366,000 -384,000 
      distributions of capital from unconsolidated entities
    		10,168,000   11,099,000 13,438,000   91,000 383,000 0 350,000 29,758,000 8,941,000   17,678,000 1,105,000 5,681,000 7,451,000 9,209,000 8,807,000 15,333,000 6,713,000 1,890,000 5,992,000 12,522,000 3,180,000 34,731,000 12,306,000 9,473,000 492,000  928,000                   
      investments of capital into unconsolidated entities
    		-24,909,000 -11,945,000 -36,592,000 -55,162,000 -29,619,000 -21,092,000 -23,936,000 -16,794,000 -23,661,000 -13,011,000 -11,123,000 -17,728,000 -22,264,000 -67,530,000 -2,052,000 -43,133,000 -17,200,000 -1,541,000 -13,102,000 -12,047,000 -19,421,000 -1,548,000 -3,042,000 -2,600,000 -5,051,000 -4,026,000 -1,089,000 171,000 -179,000 -1,250,000 -2,118,000 -7,803,000 -5,250,000 -9,043,000 -14,561,000 -7,848,000 -2,871,000 -6,479,000 -15,159,000 -5,267,000 1,553,000 -22,224,000 -2,726,000 -16,705,000 -24,832,000 -46,250,000 -10,412,000 -66,925,000 -34,000 -522,000 -1,153,000 
      net cash from investing activities
    		-27,788,000 -11,013,000 -45,105,000 -54,123,000 -25,010,000 -24,261,000 -33,047,000 -3,087,000   -24,580,000 3,927,000   -7,441,000 -30,956,000 -21,270,000 -8,559,000 -13,475,000 -15,322,000 -18,694,000 -66,982,000 -211,806,000   2,663,000 -4,103,000 -163,988,000       -14,433,000 -6,594,000 -1,748,000 -4,325,000 -68,683,000 -9,507,000 -157,785,000 -78,989,000 296,448,000 -18,225,000 -21,284,000 -47,597,000 -2,345,000 -69,620,000 -3,695,000 -1,193,000 -1,283,000 
      cash flows from financing activities
    		                                                   
      increase in loans payable and other borrowings
    		       4,677,000 0 1,000 2,425,000 4,707,000 3,618,000 11,590,000 18,287,000 26,688,000 31,510,000 35,427,000 36,868,000 20,592,000 24,614,000 30,029,000 18,205,000 12,831,000 8,762,000 3,081,000 2,066,000 2,779,000 8,854,000 16,481,000 1,823,000 12,977,000 1,000   -22,360,000 19,089,000               
      repayments on loans payable and other borrowings
    		   0 0 -40,549,000 -11,544,000 -2,380,000 -3,021,000 -7,969,000 -7,377,000  -5,535,000 -18,538,000 -26,688,000                                     
      borrowings on revolving credit facility
    		140,000,000                   0 135,000,000 0 695,000,000 220,000,000 0 60,000,000 35,000,000         0 15,000,000 10,000,000 230,000,000 155,000,000 210,000,000   50,000,000 110,000,000 40,000,000 53,000,000 0 0 436,000,000 471,000,000 
      repayments on revolving credit facility
    		-140,000,000                    -335,000,000 0 -210,000,000  0                           
      borrowings on mortgage warehouse facilities
    		880,126,000 870,111,000 854,722,000 1,063,848,000 979,355,000 895,805,000 713,090,000 804,421,000 700,163,000 868,694,000 634,404,000  590,516,000 631,208,000 562,024,000                                     
      repayments on mortgage warehouse facilities
    		-901,270,000 -874,533,000 -853,441,000 -1,122,719,000 -1,022,229,000 -802,774,000 -683,380,000 -842,602,000 -758,416,000 -765,130,000 -794,142,000  -623,736,000 -652,315,000 -775,249,000                                     
      payments of deferred financing costs
    		                                                   
      changes in stock option exercises and issuance of restricted stock units
    		4,087,000 640,000 -5,663,000  1,989,000 1,425,000 -10,856,000                                             
      payment of principal portion of finance lease
    		-21,000 -22,000 -1,321,000 -22,000 -24,000 -31,000 -1,327,000 -3,000 -3,000 -5,000 -1,305,000  -5,000                                       
      repurchase of common stock
    		-74,553,000 -100,000,000 -135,093,000 -89,907,000 -61,297,000 -104,745,000 -91,649,000 -24,391,000 -100,000,000 0 -3,568,000 -40,863,000 -104,999,000 -172,384,000 -58,029,000 -44,589,000 -91,659,000 -106,754,000 -38,418,000 -13,169,000 0 0 -90,163,000 0 0 -79,600,000 -77,839,000     0    0 -3,833,000 -19,717,000 -4,993,000             
      distributions to non-controlling interests of consolidated joint ventures
    		0 -3,065,000 -393,000                           -128,000 -445,000 0   -390,000 -1,249,000   -74,000 -160,000            
      net cash from financing activities
    		44,801,000 -106,869,000 -141,189,000 -154,253,000 -102,359,000 -51,036,000 -85,923,000 -59,998,000 -507,628,000 104,182,000 -165,070,000 -254,899,000 -290,968,000   12,120,000   17,150,000 -324,882,000    -122,910,000 23,573,000 -152,210,000 -125,656,000       661,000 -133,131,000 -83,925,000 -46,369,000 -87,169,000 100,202,000 -31,609,000 149,887,000 -52,289,000 -168,994,000 -32,513,000 30,079,000 12,444,000 299,317,000 -69,466,000 -23,250,000 434,690,000 -4,027,000 
      net decrease in cash and cash equivalents and restricted cash
    		236,653,000 -243,839,000 -109,063,000          -49,471,000 -191,534,000 -265,513,000                                     
      cash, cash equivalents, and restricted cash — beginning of period
    		0 0 487,166,000 0 0 0 807,099,000 0 0 0 726,635,000 0 0 0 836,340,000 0 0 0 534,109,000 0 0 0 328,572,000 0 0 0 331,859,000 0 0 0 575,503,000  0 0 301,812,000                 
      cash, cash equivalents, and restricted cash — end of period
    		236,653,000 -243,839,000 378,103,000 229,873,000 8,520,000 -308,619,000 557,392,000 192,523,000 -613,453,000 343,595,000 884,434,000  -49,471,000 -191,534,000 570,827,000  6,864,000 -25,355,000 393,476,000 -14,951,000 -127,843,000 165,471,000 511,432,000 104,776,000 25,569,000 24,421,000 173,806,000 -51,514,000 61,952,000 32,133,000 289,288,000  18,089,000 -54,071,000 302,159,000                 
      supplemental cash flow information
    		                                                   
      income tax paid
    		-73,478,000 -156,705,000 -24,000                                                 
      supplemental non-cash investing and financing activities:
    		                                                   
      change in loans payable issued to sellers in connection with land purchase contracts
    		29,163,000 57,200,000 220,000  63,164,000 48,910,000 100,453,000 108,651,000 42,458,000 44,580,000 39,865,000  24,821,000 99,807,000 59,830,000  52,917,000 39,002,000 82,378,000 56,505,000 19,458,000 97,156,000 20,189,000 9,651,000 31,298,000 42,117,000 11,120,000  28,820,000 16,450,000 7,829,000  23,846,000 10,924,000 20,381,000  33,012,000 5,777,000 16,931,000             
      change in inventory not owned
    		0 -32,200,000 55,200,000 -104,050,000 40,545,000 -8,729,000 71,811,000 71,195,000 -469,000 -1,403,000 -21,676,000  -16,084,000 27,399,000 -11,896,000  -5,288,000 5,860,000 -64,916,000 -3,000 -52,934,000 -11,175,000 -22,281,000 -4,518,000 -6,761,000 15,571,000 -366,000  12,349,000 -548,000 -517,000  -896,000 -679,000 -1,570,000                 
      accrual of excise tax on share repurchases
    		-642,000 -980,000 -1,023,000  -553,000                                               
      net cash from operating activities
    		       255,608,000 -56,550,000 259,662,000 347,449,000         325,253,000 474,825,000   239,839,000 7,703,000   79,598,000 45,507,000 9,784,000 705,000 253,458,000 32,805,000 -47,941,000 147,911,000 230,179,000 76,757,000 82,249,000 -16,583,000 9,025,000 21,195,000 -122,730,000 -170,178,000 237,319,000 -20,105,000 -104,458,000 -246,446,000 186,480,000 -43,892,000 -241,190,000 -53,331,000 
      capex
    		       13,616,000 -25,997,000 -7,238,000 -13,807,000         -12,484,000 -8,225,000   -11,443,000 -6,648,000   -6,004,000 -5,861,000 -5,898,000 -2,695,000 -1,578,000 -928,000 -640,000 -275,000 -974,000 -747,000 518,000 -705,000 -2,545,000 -254,000 -1,182,000 -317,000 -977,000 -972,000 -2,467,000 693,000 -1,579,000 -1,457,000 -366,000 -384,000 
      free cash flows
    		       269,224,000 -82,547,000 252,424,000 333,642,000         312,769,000 466,600,000   228,396,000 1,055,000   73,594,000 39,646,000 3,886,000 -1,990,000 251,880,000 31,877,000 -48,581,000 147,636,000 229,205,000 76,010,000 82,767,000 -17,288,000 6,480,000 20,941,000 -123,912,000 -170,495,000 236,342,000 -21,077,000 -106,925,000 -245,753,000 184,901,000 -45,349,000 -241,556,000 -53,715,000 
      inventory impairment charges
    		  14,878,000                                                 
      adjustments to reconcile net income to net cash from operating activities:
    		                                                   
      net (income)/income from unconsolidated entities
    		       -1,708,000 -1,934,000                                           
      loss/(gain) on extinguishment of debt
    		       26,000                                            
      gain on land transfers
    		           0 -808,000                                       
      lease expense
    		                                                   
      estimated development liability change in estimate
    		                                                   
      deferred income taxes
    		                   38,886,000    2,131,000    31,690,000 12,536,000 140,000 106,000 97,528,000 -2,741,000   27,823,000 0 -708,000 -261,000 18,853,000 -949,000 0 6,798,000 -13,932,000 4,455,000 -2,500,000 -5,726,000 26,869,000 0   
      real estate impairment charges
    		                                                   
      change in build-to-rent/urban form assets due to sale
    		                                                   
      borrowings on revolving credit facilities
    		            0 150,000,000 32,548,000                                     
      repayments on revolving credit facilities
    		            -150,000,000 0 -64,077,000                                     
      repayments on senior notes
    		       0    -357,845,000 -824,000       0 -811,775,000 0 -50,000,000 0 -413,252,000               0 0       0 0   
      changes in stock option exercises and issuance of restricted stock
    		                                                   
      cash and distributions to non-controlling interests of consolidated joint ventures
    		   -8,179,000 -153,000 -167,000 -257,000      -1,515,000 -27,176,000 -1,752,000                                     
      net increase/decrease in cash and cash equivalents and restricted cash
    		       192,523,000 -613,453,000 343,595,000 157,799,000                                         
      income tax payments
    		       -50,007,000 -75,390,000    -64,516,000                                       
      loans payable issued to sellers in connection with land purchase contracts
    		                                                   
      investments of land in unconsolidated joint ventures
    		            3,443,000                                       
      impairment in unconsolidated joint ventures
    		                                                   
      adjustments to reconcile net income to net cash (used in)/provided by operating activities:
    		                                                   
      loss on extinguishment of debt
    		                   0    0 3,610,000               0 0       0 0   
      estimated development liabilities change in estimate
    		                                                   
      net cash (used in)/provided by operating activities
    		    135,889,000 -233,322,000 -130,737,000          -5,951,000 46,714,000 -144,308,000        -28,294,000                         
      net decrease/increase in cash and cash equivalents and restricted cash
    		     -308,619,000 -249,707,000                                             
      income tax (paid)/refund
    		                                                   
      income tax refunds
    		      120,000                                             
      land held for sale impairments
    		                                                   
      payments to acquire investments and securities
    		                                                   
      proceeds from stock option exercises and issuance of restricted stock
    		                                                   
      net non-cash (distributions)/contributions (to)/from unconsolidated entities
    		                                                   
      common stock surrendered in connection with warrant exercise
    		                                                   
      common stock issued in connection with warrant exercise
    		                                                   
      proceeds from stock option exercises and issuance of restricted stock units
    		        3,649,000 8,591,000 4,493,000                                         
      gain on extinguishment of debt
    		            -71,000                                       
      net cash (used in)/provided by investing activities
    		                                                   
      mortgages held for sale, prepaid expenses and other assets
    		          190,202,000 -239,844,000 -59,832,000 133,847,000 171,618,000 -295,099,000 -66,373,000 -64,478,000 -85,270,000 -56,007,000 26,055,000 -7,461,000 1,535,000 -72,402,000 -8,397,000 11,515,000 42,670,000 -109,025,000 7,675,000 -4,768,000 78,862,000 -74,627,000 8,824,000 2,200,000 130,789,000 -97,333,000 32,547,000 -31,916,000 75,650,000             
      income tax refunds/
    		          1,943,000                                         
      cash flows from operating activities:
    		                                                   
      net income/(income) from unconsolidated entities
    		           11,198,000 1,180,000                                       
      (gain)/loss on extinguishment of debt
    		                                                   
      debt issuance costs/(premium) amortization
    		               184,000 119,000 118,000 118,000  -339,000                               
      inventory impairments charges
    		                                                   
      change in urban form/btr assets due to sales
    		                                                   
      accounts payable, estimated development liabilities, and accrued expenses and other liabilities
    		                                                   
      payments for business acquisitions, net of cash acquired
    		                   0 145,000 -69,747,000 -209,446,000                             
      cash flows from financing activities:
    		                                                   
      repayments of loans payable and other borrowings
    		                 -16,651,000 -27,580,000 -30,926,000 -49,240,000 -28,211,000 -32,726,000 -5,719,000 -4,817,000 -6,769,000 -13,078,000 -10,377,000 -6,592,000 -5,466,000 -2,884,000 -5,206,000 -3,258,000 -5,425,000 -2,622,000 47,140,000 -34,546,000 -8,971,000 -21,558,000 -29,593,000 -10,559,000 -4,282,000 -20,167,000 -37,294,000 -83,032,000 -39,046,000 -35,288,000 -125,593,000 -32,888,000 -18,042,000 -6,454,000 
      payments on revolving credit facility
    		                                   -215,000,000 -15,000,000 -105,000,000 -35,000,000 -270,000,000 -85,000,000 -10,000,000 -40,000,000  0 0 -53,000,000 0 0 -524,000,000 -433,000,000 
      borrowings on mortgage warehouse
    		                 801,860,000 697,398,000 698,311,000 689,580,000 628,601,000 432,488,000 393,298,000 262,807,000 330,172,000 159,522,000 310,201,000 241,028,000 165,955,000 145,925,000 270,250,000 179,569,000 197,929,000 190,424,000 418,448,000 254,974,000 315,677,000 211,350,000             
      repayment on mortgage warehouse
    		                   -680,615,000 -729,771,000 -632,926,000 -446,555,000 -326,116,000 -286,214,000 -309,828,000 -230,761,000 -234,305,000 -236,389,000 -157,659,000 -223,225,000 -212,720,000 -181,427,000 -203,925,000 -319,842,000 -311,050,000 -281,907,000 -289,574,000 -302,798,000             
      proceeds from issuance of senior notes
    		                                                   
      payment of deferred financing costs
    		                   -149,000 -6,199,000 0 -3,000 199,000                    0        
      proceeds from stock option exercises
    		           2,273,000 1,512,000 556,000 2,356,000 5,119,000 5,778,000 6,114,000 6,320,000 1,702,000 2,506,000 823,000 4,548,000 492,000 10,841,000 1,866,000 39,000 0 299,000 1,008,000 580,000 444,000 57,000 4,323,000 411,000                 
      payment of principle portion of finance lease
    		              -1,332,000 -20,000 0 0 -1,325,000 0 0 0 -1,325,000                             
      payment of taxes related to net share settlement of equity awards
    		           -1,675,000 0 -24,000 -3,621,000 74,000 -11,000 -195,000 -5,288,000 -574,000 -1,402,000 -177,000 -7,075,000 -74,000 -8,000 -10,000 -1,493,000 -74,000 -7,000 -9,000 -1,482,000 0 -18,000 -7,000 -282,000                 
      payment to acquire non-controlling interests
    		                                                   
      net (decrease)/increase in cash and cash equivalents
    		                           -51,514,000 61,952,000 32,133,000 -286,215,000  18,089,000                   
      land held for sale write-downs
    		                    0 0 4,347,000                             
      investments in equity securities
    		                                                   
      supplemental cash flow information:
    		                                                   
      net non-cash distributions from non-controlling interests
    		                                                   
      common stock surrendered in connection with warrant exercises
    		                0                                   
      common stock issued in connection with warrant exercises
    		                0                                   
      net cash provided by/(used in) investing activities
    		                                                   
      equity in income of unconsolidated entities
    		              -1,831,000 -1,861,000 -1,482,000 -2,126,000 -5,661,000 -2,298,000 -2,957,000 -3,495,000 -2,426,000 -1,526,000 -2,103,000 -3,561,000 -2,319,000 -3,555,000 -2,514,000 -4,017,000 -3,246,000 -1,903,000 -2,787,000 -3,071,000 -1,085,000 -2,719,000 -1,647,000 -2,305,000 -782,000 -351,000 119,000 -1,224,000 -303,000 -4,238,000 -11,756,000 -8,112,000 -2,629,000 -16,515,000    
      net cash (used in)/provided by financing activities
    		              -315,533,000                                     
      income tax (payments)/refund
    		              -228,000                                     
      chicago assets held for sale valuation adjustments
    		                                                   
      accounts payable, estimated development liability, and accrued expenses and other liabilities
    		                                                   
      (distributions)/contributions (to) from non-controlling interests of consolidated joint ventures
    		                                                   
      net increase/(decrease) in cash and cash equivalents
    		                    -127,843,000 165,471,000 182,860,000             139,660,000 28,640,000 -9,245,000 14,936,000             
      proceeds from the issuance of senior notes
    		                       0 456,091,000               0 0   0 0 0 350,000,000     
      net (decrease)/increase in cash and cash equivalents and restricted cash
    		                6,864,000                                   
      issuance of common stock in connection with business acquisition
    		                   0 -893,000 -68,421,000 867,284,000                             
      net non-cash (distributions)/contributions from non-controlling interests
    		                -1,035,000 -1,035,000 -990,000                                 
      non-cash portion of loss on debt extinguishment
    		                   0 0 0 1,723,000                             
      repayments on mortgage warehouse
    		                 -767,463,000 -643,854,000                                 
      changes and distributions to non-controlling interests of consolidated joint ventures
    		                      10,171,000  1,165,000                           
      income tax payments/(refund)
    		                                                   
      net income/(loss) before allocation to non-controlling interests
    		                  102,443,000                                 
      changes and (distributions to)/contributions to non-controlling interests of consolidated joint ventures
    		                  -6,971,000  -2,287,000                               
      net increase/(decrease) in cash and cash equivalents and restricted cash
    		                  -140,633,000                                 
      income tax refund
    		                  4,592,000                                 
      debt issuance costs/premium amortization
    		                      -406,000 848,000 506,000 -110,000 -71,000                         
      realized loss on foreign currency translation
    		                                                   
      contingent consideration
    		                           0 0 0 146,000 -30,000 153,000 390,000 223,000 318,000 1,171,000 1,252,000 1,097,000 -3,716,000 1,211,000 5,029,000 1,676,000         
      payment of contingent consideration
    		                           0 0 0 -265,000     0 0 -2,716,000 -384,000 0 0 0 -3,050,000         
      repayment of convertible notes
    		                                                   
      proceeds from issuance of shares from public offerings
    		                           -1,000                        
      tmhc repurchase and cancellation of new tmm units from former principal equityholders
    		                           0                        
      repurchase of shares from former principal equityholders
    		                           0                        
      (distributions)/contributions to non-controlling interests of consolidated joint ventures
    		                                                   
      income taxes paid
    		                   -867,000    476,000 -16,974,000 -3,630,000 -1,000  -23,044,000 -19,456,000 -2,069,000  -24,039,000 -43,938,000 -2,195,000  -20,642,000 -15,960,000 -42,184,000  141,474,000 -19,743,000 -40,067,000 -4,909,000 -30,771,000 -18,073,000 -45,318,000     
      change in prepaid expenses and other assets, net due to adoption of asu 2014-09
    		                            0 0 -32,004,000                     
      change in property and equipment, net due to adoption of asu 2014-09
    		                            0 0 32,004,000                     
      change in operating lease right of use assets due to adoption of asu 2016-02
    		                                                   
      change in operating lease right of use liabilities due to adoption of asu 2016-02
    		                                                   
      net non-cash distributions from unconsolidated entities
    		                                                   
      net non-cash contributions from non-controlling interests
    		                    -592,000 -321,000 6,697,000                             
      beginning operating lease right of use assets due to adoption of asu 2016-02
    		                        0 0 27,384,000                         
      beginning operating lease right of use liabilities due to adoption of asu 2016-02
    		                        0 0 30,331,000                         
      net cash provided by/(used in) financing activities
    		                     -18,650,000 322,565,000                             
      income taxes refund/(paid)
    		                                                   
      net (loss)/income before allocation to non-controlling interests
    		                      -29,556,000                             
      income taxes refund
    		                      325,000                             
      contributions to (distributions to) non-controlling interests of consolidated joint ventures
    		                           -1,066,000                        
      net decrease in cash and cash equivalents
    		                        25,569,000 24,421,000 -158,053,000                         
      changes to non-controlling interests of consolidated joint ventures
    		                          888,000                         
      net cash (used in) financing activities
    		                            10,179,000 20,024,000 -282,599,000                     
      net cash (used in) investing activities
    		                             2,325,000 -4,321,000  -5,250,000                   
      proceeds from issuance of shares from secondary offerings
    		                             0 767,116,000 229,500,000 0 464,200,000 418,106,000                 
      tmhc repurchase and cancellation of new tmm units from principal equityholders
    		                             0 -201,775,000                     
      repurchase of shares from principal equityholders
    		                             -158,000 -767,967,000                     
      net income from discontinued operations
    		                                        0 0 -56,662,000         
      gain on foreign currency forward
    		                                       0 0 0 -29,983,000         
      payments for business acquisitions
    		                                   0 0 0 -52,819,000 -4,901,000            
      distribution from unconsolidated entities
    		                                  403,000 2,541,000 1,890,000    0   -25,000 2,000 621,000 1,130,000 5,531,000 1,205,000   
      proceeds from sale of discontinued operations
    		                                       0 0 0 268,853,000         
      proceeds from settlement of foreign currency forward
    		                                       0            
      repurchase of shares from principal equity holders
    		                               -229,856,000 -100,000 -465,367,000 -418,936,000                 
      effect of exchange rate changes on cash and cash equivalents
    		                                       0 -564,000 17,000 -19,944,000 -5,904,000 -7,983,000 7,432,000 -6,707,000 -13,628,000 5,105,000 -9,158,000 -3,963,000 
      original accrual of contingent consideration for business combinations
    		                                                   
      distributions to (contributions from) non-controlling interests of consolidated joint ventures
    		                                                   
      net increase in cash and cash equivalents
    		                                  347,000       -253,991,000 -62,668,000 180,677,000 -19,293,000 -132,179,000 43,819,000 33,766,000 -65,732,000 183,149,000 -62,604,000 
      change in restricted cash
    		                                   -313,000 -20,000               
      cash and cash equivalents — beginning of period
    		                                   0 0 0 126,188,000  0 0 462,205,000 0 0 0 389,181,000 0 0 35,000 300,567,000 
      cash and cash equivalents — end of period
    		                                    28,640,000 -9,245,000 141,124,000  12,733,000 -253,991,000 399,537,000 180,677,000 -19,293,000 -132,179,000 433,000,000 33,766,000 -65,732,000 183,184,000 237,963,000 
      contributions from (distributions to) non-controlling interests of consolidated joint ventures
    		                                                   
      accrual of contingent consideration
    		                                     0 380,000  0           
      decrease in restricted cash
    		                                        -625,000 0 655,000    6,244,000     
      proceeds from loans payable and other borrowings
    		                                      23,659,000 18,828,000    9,470,000 4,116,000 26,545,000 1,859,000 11,606,000 18,465,000 7,782,000 7,436,000 
      net income
    		                                         20,022,000 96,844,000 104,531,000 66,175,000     -78,286,000 24,337,000 
      net gain from sale of discontinued operations
    		                                                   
      distributions from unconsolidated entities
    		                                                   
      decrease (increase) in restricted cash
    		                                           -518,000 4,518,000      254,000 
      net proceeds from the issuance of class a common stock
    		                                               0 0   
      purchase of new tmm units and corresponding number of shares of class b common stock
    		                                               -3,239,000 0   
      borrowings on line of credit related to mortgage borrowings
    		                                         196,174,000 158,638,000 310,217,000 146,857,000 112,456,000 89,178,000 193,705,000 196,645,000 174,566,000 138,620,000 
      repayment on line of credit related to mortgage borrowing
    		                                              -112,151,000 -150,630,000 -203,876,000 -172,869,000 -181,629,000 
      intercompany borrowings
    		                                               1,431,000    
      equity (distributions) contributions
    		                                                   
      borrowings on lines of credit related to mortgage borrowings
    		                                                   
      repayment on lines of credit related to mortgage borrowings
    		                                                   
      deferred financing costs
    		                                        0     -12,061,000 5,806,000 5,417,000 0   
      increase in loans payable issued to sellers in connection with land purchase contracts
    		                                        40,497,000 -7,154,000 -21,400,000   9,884,000 -25,019,000    40,941,000 
      decrease in income taxes payable and related tax indemnification receivable from seller
    		                                                   
      business acquisitions
    		                                                   
      repayment on line of credit related to mortgage borrowings
    		                                         -179,934,000 -264,143,000         
      distributions to non-controlling interests – joint ventures
    		                                            -296,000 -357,000 -87,000     
      non-cash portion of loss on debt exinguishment
    		                                                   
      decrease (increase) in income taxes payable and related tax indemnification receivable from seller
    		                                            -151,000 267,000 51,000     
      receivables, prepaid expenses and other assets
    		                                          67,888,000 -88,045,000 -7,959,000 -14,486,000 -26,146,000     
      distributions to non-controlling interests — joint ventures
    		                                          -272,000         
      decrease in income taxes payable
    		                                                   
      business acquisitions, net of cash acquired
    		                                                   
      conversion of sponsor loans payable to additional class a units
    		                                                   
      conversion of joint venture loans receivable for equity in joint venture
    		                                                   
      loans payable and liabilities assumed related to business acquisition
    		                                                   
      repayments on line of credit related to mortgage borrowings
    		                                            -147,566,000       
      increase in loans payable issued to sellers in connection with land purchase contracts.
    		                                                   
      income before non-controlling interests, net of tax
    		                                              41,296,000     
      increase in restricted cash
    		                                                   
      borrowings on net payable to predecessor parent company
    		                                                   
      payments on net payable to predecessor parent company
    		                                                   
      decrease in receivable to predecessor parent company capital contributions
    		                                                   
      net proceeds from the issuance of senior notes
    		                                               0 0   
      repayments of sponsor loan
    		                                                   
      conversion of loans payable to predecessor parent company to contributions from predecessor parent company
    		                                                   
      conversion of joint venture loans receiveable for equity in joint venture
    		                                                   
      decrease in loans payable issued to sellers in connection with land purchase contracts
    		                                                   
      income before noncontrolling interests, net of tax
    		                                                   
      receivables, prepaid expenses, and other assets
    		                                                -33,804,000 10,641,000 30,739,000 
      accounts payable, accrued expenses, and other liabilities
    		                                                39,688,000 29,167,000 -39,082,000 
      distributions to noncontrolling interests – joint ventures
    		                                                -158,000   
      equity contributions
    		                                                   
      equity in net income of unconsolidated entities
    		                                                 -8,466,000 -3,158,000 
      distributions to noncontrolling interests
    		                                                   
      income taxes (paid) refunded
    		                                                  -10,781,000 
      supplemental noncash investing and financing activities:
    		                                                   
      conversion of joint venture loan receivable for equity in joint venture
    		                                                   
      increase in income taxes payable and related tax indemnification receivable from seller
    		                                                  -1,593,000 
    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.