v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income $ 2,178.1 $ 2,704.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 84.8 73.9
Stock-based compensation expense 107.5 101.1
Deferred income taxes 88.0 101.2
Inventory and land option charges 65.2 100.8
Changes in operating assets and liabilities:    
Increase in construction in progress and finished homes (1,417.2) (146.1)
Decrease (increase) in residential land and lots – developed, under development, held for development and held for sale 372.3 (1,481.1)
Increase in rental properties (342.9) (230.8)
Increase in other assets (108.8) (136.5)
Increase in mortgage loans held for sale (424.1) (290.2)
Increase in accounts payable, accrued expenses and other liabilities 277.9 152.7
Net cash provided by operating activities 880.8 949.1
INVESTING ACTIVITIES    
Expenditures for property and equipment (106.6) (93.6)
Proceeds from sale of assets 0.0 18.4
Payments related to business acquisitions, net of cash acquired (87.9) (53.1)
Other investing activities (19.0) 4.8
Net cash used in investing activities (213.5) (123.5)
FINANCING ACTIVITIES    
Proceeds from notes payable 3,495.0 3,012.0
Repayment of notes payable (2,789.9) (1,891.1)
Borrowings on mortgage repurchase facilities, net 404.9 170.4
Proceeds from stock associated with certain employee benefit plans 8.9 8.5
Cash paid for shares withheld for taxes (55.2) (64.2)
Cash dividends paid (388.3) (376.4)
Repurchases of common stock (2,209.4) (3,576.3)
Net other financing activities (31.7) 12.4
Net cash used in financing activities (1,565.7) (2,704.7)
Net decrease in cash, cash equivalents and restricted cash (898.4) (1,879.1)
Cash, cash equivalents and restricted cash at beginning of period 3,033.3 4,544.0
Cash, cash equivalents and restricted cash at end of period 2,134.9 2,664.9
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES:    
Notes payable issued for inventory 0.0 5.5
Stock issued under employee incentive plans 114.0 147.2
Repurchases of common stock not settled $ 0.0 $ 23.2