XML 82 R89.htm IDEA: XBRL DOCUMENT v2.4.0.6
Supplemental Guarantor Information (Level 4 CF) (Details 5) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Apr. 30, 2013
Apr. 30, 2012
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:        
Net income $ 24,674 $ 16,872 $ 29,106 $ 14,086
Depreciation and amortization     12,768 10,698
Stock-based compensation     10,027 8,831
(Recovery) impairment of investment in unconsolidated entities 0 (1,621) 0 (1,621)
Income from unconsolidated entities     (8,076) (12,055)
Distributions of earnings from unconsolidated entities     8,855 1,550
Income from distressed loans and foreclosed real estate     (4,893) (10,004)
Deferred tax provision (benefit)     18,348 (3,318)
Deferred tax valuation allowances     (1,277) 3,318
Inventory impairments and write-offs 1,029 2,008 1,738 10,128
Change in fair value of mortgage loans receivable and derivative instruments     292 284
Gain on marketable securities     (137) (39)
Changes in operating assets and liabilities        
Increase in inventory     (617,360) (202,466)
Origination of mortgage loans     (301,952) (253,866)
Sale of mortgage loans     322,160 266,713
Decrease (increase) in restricted cash     13,475 (27,638)
Increase in customer deposits     47,119 28,838
(Decrease) increase in accounts payable and accrued expenses     36,405 (67,789)
Increase (decrease) in income taxes payable     3,166 (6,959)
Net cash used in operating activities     (445,408) (271,078)
Cash flow from investing activities:        
Purchase of property and equipment - net     (20,264) (6,528)
Purchase of marketable securities     (36,162) (177,833)
Sale and redemption of marketable securities     239,484 189,716
Investment in and advances to unconsolidated entities     (31,994) (75,008)
Return of investments in unconsolidated entities     34,686 20,568
Investment in distressed loans and foreclosed real estate     (26,155) (27,490)
Return of investments in distressed loans and foreclosed real estate     6,114 11,582
Intercompany investing advances (to) from consolidated entities     0 0
Acquisition of a business        (144,746)
Net cash used in investing activities     165,709 (209,739)
Cash flow from financing activities:        
Proceeds from Issuance of Senior Long-term Debt     298,050 296,227
Proceeds from loans payable     501,884 400,092
Principal payments of loans payable     (545,175) (429,709)
Redemption of senior notes     (59,068)   
Proceeds from stock-based benefit plans     8,430 17,189
Proceeds from Noncontrolling Interests     33   
Purchase of treasury stock     (178) (284)
Intercompany financing advances (to) from consolidated entities     0  
Net cash used in financing activities     203,976 283,515
Net decrease in cash and cash equivalents     (75,723) (197,302)
Cash and cash equivalents, beginning of period     778,824 906,340
Cash and cash equivalents, end of period 703,101 709,038 703,101 709,038
Toll Brothers Inc. [Member]
       
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:        
Net income 24,674 16,872 29,106 14,086
Changes in operating assets and liabilities        
Net cash used in operating activities     45,380 (26,365)
Cash flow from investing activities:        
Purchase of property and equipment - net          
Purchase of marketable securities          
Sale and redemption of marketable securities          
Investment in and advances to unconsolidated entities          
Return of investments in unconsolidated entities          
Investment in distressed loans and foreclosed real estate          
Return of investments in distressed loans and foreclosed real estate          
Intercompany investing advances (to) from consolidated entities     (53,632) 9,460
Acquisition of a business         
Net cash used in investing activities     (53,632) 9,460
Cash flow from financing activities:        
Proceeds from Issuance of Senior Long-term Debt          
Proceeds from loans payable          
Principal payments of loans payable          
Redemption of senior notes         
Proceeds from stock-based benefit plans     8,430 17,189
Proceeds from Noncontrolling Interests         
Purchase of treasury stock     (178) (284)
Intercompany financing advances (to) from consolidated entities          
Net cash used in financing activities     8,252 16,905
Net decrease in cash and cash equivalents     0 0
Cash and cash equivalents, beginning of period     0 0
Cash and cash equivalents, end of period 0 0 0 0
Subsidiary Issuer [Member]
       
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:        
Net income (1,393) 0 (2,842) 0
Changes in operating assets and liabilities        
Net cash used in operating activities     2,599 4,265
Cash flow from investing activities:        
Purchase of property and equipment - net          
Purchase of marketable securities          
Sale and redemption of marketable securities          
Investment in and advances to unconsolidated entities          
Return of investments in unconsolidated entities          
Investment in distressed loans and foreclosed real estate          
Return of investments in distressed loans and foreclosed real estate          
Intercompany investing advances (to) from consolidated entities     (241,581) (300,492)
Acquisition of a business         
Net cash used in investing activities     (241,581) (300,492)
Cash flow from financing activities:        
Proceeds from Issuance of Senior Long-term Debt     298,050 296,227
Proceeds from loans payable          
Principal payments of loans payable          
Redemption of senior notes     (59,068)  
Proceeds from stock-based benefit plans          
Proceeds from Noncontrolling Interests         
Purchase of treasury stock          
Intercompany financing advances (to) from consolidated entities          
Net cash used in financing activities     238,982 296,227
Net decrease in cash and cash equivalents     0 0
Cash and cash equivalents, beginning of period     0 0
Cash and cash equivalents, end of period 0 0 0 0
Guarantor Subsidiaries [Member]
       
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:        
Net income 23,554 16,881 27,177 14,097
Changes in operating assets and liabilities        
Net cash used in operating activities     (484,680) (234,351)
Cash flow from investing activities:        
Purchase of property and equipment - net     (8,588) (6,487)
Purchase of marketable securities     (25,938) (117,781)
Sale and redemption of marketable securities     209,484 189,716
Investment in and advances to unconsolidated entities     (21,637) (1,142)
Return of investments in unconsolidated entities     23,437 20,568
Investment in distressed loans and foreclosed real estate          
Return of investments in distressed loans and foreclosed real estate          
Intercompany investing advances (to) from consolidated entities          
Acquisition of a business       (144,746)
Net cash used in investing activities     176,758 (59,872)
Cash flow from financing activities:        
Proceeds from Issuance of Senior Long-term Debt          
Proceeds from loans payable          
Principal payments of loans payable     (29,153) (17,605)
Redemption of senior notes         
Proceeds from stock-based benefit plans          
Proceeds from Noncontrolling Interests         
Purchase of treasury stock          
Intercompany financing advances (to) from consolidated entities     233,990 173,333
Net cash used in financing activities     204,837 155,728
Net decrease in cash and cash equivalents     (103,085) (138,495)
Cash and cash equivalents, beginning of period     712,024 777,013
Cash and cash equivalents, end of period 608,939 638,518 608,939 638,518
Non-Guarantor Subsidiaries [Member]
       
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:        
Net income 3,402 14,144 5,945 15,641
Changes in operating assets and liabilities        
Net cash used in operating activities     3,688 (1,433)
Cash flow from investing activities:        
Purchase of property and equipment - net     (11,676) (41)
Purchase of marketable securities     (10,224) 60,052
Sale and redemption of marketable securities     30,000   
Investment in and advances to unconsolidated entities     (10,357) (73,866)
Return of investments in unconsolidated entities     11,249   
Investment in distressed loans and foreclosed real estate     (26,155) (27,490)
Return of investments in distressed loans and foreclosed real estate     6,114 11,582
Intercompany investing advances (to) from consolidated entities          
Acquisition of a business         
Net cash used in investing activities     (11,049) (149,867)
Cash flow from financing activities:        
Proceeds from Issuance of Senior Long-term Debt          
Proceeds from loans payable     501,884 400,092
Principal payments of loans payable     (516,022) (412,104)
Redemption of senior notes         
Proceeds from stock-based benefit plans          
Proceeds from Noncontrolling Interests     33  
Purchase of treasury stock          
Intercompany financing advances (to) from consolidated entities     48,828 104,505
Net cash used in financing activities     34,723 92,493
Net decrease in cash and cash equivalents     27,362 (58,807)
Cash and cash equivalents, beginning of period     66,800 129,327
Cash and cash equivalents, end of period 94,162 70,520 94,162 70,520
Eliminations [Member]
       
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:        
Net income (25,563) (31,025) (30,280) (29,738)
Changes in operating assets and liabilities        
Net cash used in operating activities     (12,395) (13,194)
Cash flow from investing activities:        
Purchase of property and equipment - net          
Purchase of marketable securities          
Sale and redemption of marketable securities          
Investment in and advances to unconsolidated entities          
Return of investments in unconsolidated entities          
Investment in distressed loans and foreclosed real estate          
Return of investments in distressed loans and foreclosed real estate          
Intercompany investing advances (to) from consolidated entities     295,213 291,032
Acquisition of a business         
Net cash used in investing activities     295,213 291,032
Cash flow from financing activities:        
Proceeds from Issuance of Senior Long-term Debt          
Proceeds from loans payable          
Principal payments of loans payable          
Redemption of senior notes         
Proceeds from stock-based benefit plans          
Proceeds from Noncontrolling Interests         
Purchase of treasury stock          
Intercompany financing advances (to) from consolidated entities     (282,818) (277,838)
Net cash used in financing activities     (282,818) (277,838)
Net decrease in cash and cash equivalents     0 0
Cash and cash equivalents, beginning of period     0 0
Cash and cash equivalents, end of period $ 0 $ 0 $ 0 $ 0