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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Cash flows from operating activities:    
Net income $ 169,857 $ 555,337
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 4,009 4,091
Compensation from stock options and awards 6,404 5,309
Amortization of bond discounts, premiums and deferred financing costs (203) 490
Gain on sale and retirement of property and assets (37) (11)
Income from unconsolidated joint ventures (23,919) (9,568)
Distributions of earnings from unconsolidated joint venture 4,197 8,933
Loss on extinguishment of debt 6,795 306
Noncontrolling interest in consolidated joint ventures 225 310
Inventory impairment and land option write-offs 1,837 3,267
(Increase) decrease in assets:    
Origination of mortgage loans (882,023) (1,087,731)
Sale of mortgage loans 945,541 1,060,423
Receivables, prepaids, deposits and other assets (13,464) (1,972)
Inventories (332,858) (96,576)
Deferred tax assets 49,108 (447,453)
Increase (decrease) in liabilities:    
State income tax payable 619 (1,348)
Customers’ deposits 31,226 28,443
Accounts payable, accrued interest and other accrued liabilities 4,089 60,022
Net cash (used in) provided by operating activities (28,597) 82,272
Cash flows from investing activities:    
Proceeds from sale of property and assets 63 30
Purchase of property, equipment, and other fixed assets and acquisitions (8,606) (3,889)
Investment in and advances to unconsolidated joint ventures (169) (16,337)
Distributions of capital from unconsolidated joint ventures 5,427 27,175
Net cash (used in) provided by investing activities (3,285) 6,979
Cash flows from financing activities:    
Proceeds from mortgages and notes 351,227 160,604
Payments related to mortgages and notes (287,478) (178,251)
Proceeds from model sale leaseback financing programs 27,433 5,638
Payments related to model sale leaseback financing programs (11,295) (18,233)
Proceeds from land bank financing programs 140,179 27,636
Payments related to land bank financing programs (39,148) (77,313)
Proceeds from partner distributions to consolidated joint venture 40 40
Payments for partner distributions to consolidated joint venture (432) (563)
Preferred dividends paid (8,007) 0
Deferred financing costs from land banking financing programs and note issuances (5,318) (1,205)
Net cash used in financing activities (931) (163,645)
Net decrease in cash and cash equivalents, and restricted cash and cash equivalents (32,813) (74,394)
Cash and cash equivalents, and restricted cash and cash equivalents balance, beginning of period 311,396 309,460
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period 278,583 235,066
Supplemental disclosures of cash flows:    
Interest, net of capitalized interest (see Note 3 to the Condensed Consolidated Financial Statements) 17,268 54,823
Income taxes 8,689 5,847
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period 278,583 235,066
Homebuilding [Member]    
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Inventory impairment and land option write-offs 1,837 3,267
Supplemental disclosures of cash flows:    
Cash and cash equivalents 225,089 172,748
Restricted cash and cash equivalents 15,505 15,100
Financial Services [Member]    
Supplemental disclosures of cash flows:    
Cash and cash equivalents 4,849 6,187
Restricted cash and cash equivalents 33,140 41,031
Senior Secured Notes [Member]    
Cash flows from financing activities:    
Payments related to senior secured notes (103,875) (111,214)
Mortgage Warehouse Lines of Credit [Member]    
Cash flows from financing activities:    
Net (payments) proceeds related to mortgage warehouse lines of credit $ (64,257) $ 29,216