At the end of the second quarter, PulteGroup's cash, cash equivalents and restricted cash were $1.27 billion, down from $1.65 billion at the end of 2024. Net debt-to-capital was 2.8% at the second-quarter end against (0.3)% in 2024-end. Net cash provided by operating activities was $421.7 million in the second quarter, down from $657.3 million in the prior-year period. In the quarter, the company repurchased 3 million common shares for $300 million at an average price of $100.54 per share.