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CONDENSED CONSOLIDATED BALANCE SHEETS (Current Period Unaudited) - USD ($)
$ in Thousands
Jan. 31, 2026
Oct. 31, 2025
ASSETS    
Deferred tax assets, net $ 222,783 $ 229,617
Total assets 2,734,676 2,633,913
LIABILITIES AND EQUITY    
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) 901,307 900,718
Income taxes payable 1,209 222
Total liabilities 1,897,042 1,802,978
Equity:    
Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at January 31, 2026 and October 31, 2025 135,299 135,299
Paid in capital - common stock 753,004 757,391
Retained earnings 145,516 127,326
Treasury stock - at cost – 1,433,485 shares of Class A common stock at January 31, 2026 and 1,348,087 shares at October 31, 2025; 27,669 shares of Class B common stock at January 31, 2026 and October 31, 2025 (198,154) (189,154)
Total Hovnanian Enterprises Inc. stockholders’ equity 835,739 830,935
Noncontrolling interest 1,895 0
Total equity 837,634 830,935
Total liabilities and equity 2,734,676 2,633,913
Common Class A [Member]    
Equity:    
Common stock 66 65
Common Class B [Member]    
Equity:    
Common stock 8 8
Home Building [Member]    
ASSETS    
Cash and cash equivalents 339,910 272,772
Restricted Cash and Cash Equivalent 9,661 12,608
Sold and unsold homes and lots under development 1,154,723 1,132,798
Land and land options held for future development or sale 169,029 171,793
Consolidated inventory not owned 324,218 332,879
Total inventories 1,647,970 1,637,470
Investments in and advances to unconsolidated joint ventures 146,631 163,469
Receivables, deposits and notes, net 40,192 26,454
Property and equipment, net 56,611 50,539
Goodwill 31,705 0
Prepaid expenses and other assets 115,256 89,773
Total assets excluding deferred tax assets, net 2,387,936 2,253,085
LIABILITIES AND EQUITY    
Nonrecourse mortgages secured by inventory, net of debt issuance costs 28,548 29,494
Accounts payable and other liabilities 420,443 438,698
Customers’ deposits 176,847 46,376
Liabilities from inventory not owned, net of debt issuance costs 235,945 244,723
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) 901,307 900,718
Accrued interest 30,116 11,874
Total liabilities excluding income taxes payable 1,793,206 1,671,883
Financial Services [Member]    
ASSETS    
Total assets excluding deferred tax assets, net 123,957 151,211
LIABILITIES AND EQUITY    
Total liabilities excluding income taxes payable $ 102,627 $ 130,873