XML 101 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Jan. 31, 2015
Jan. 31, 2014
Cash flow used in operating activities:    
Net income $ 81,325us-gaap_NetIncomeLoss $ 45,580us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 5,809us-gaap_DepreciationDepletionAndAmortization 5,289us-gaap_DepreciationDepletionAndAmortization
Stock-based compensation 7,446us-gaap_ShareBasedCompensation 7,669us-gaap_ShareBasedCompensation
Excess tax benefits from stock-based compensation (1,866)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (789)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Income Loss from Unconsolidated Entities 4,901tol_IncomeLossFromUnconsolidatedEntities 22,915tol_IncomeLossFromUnconsolidatedEntities
Distributions of earnings from unconsolidated entities 4,393us-gaap_EquityMethodInvestmentDividendsOrDistributions 22,143us-gaap_EquityMethodInvestmentDividendsOrDistributions
Income from distressed loans and foreclosed real estate (2,345)tol_IncomeFromNonPerformingLoanPortfoliosAndForeclosedRealEstate (6,619)tol_IncomeFromNonPerformingLoanPortfoliosAndForeclosedRealEstate
Deferred tax provision (1,433)tol_ChangeInDeferredTaxAsset 1,711tol_ChangeInDeferredTaxAsset
Deferred tax valuation allowances (207)us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount (448)us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount
Inventory impairments and write-offs 1,144us-gaap_InventoryWriteDown 1,982us-gaap_InventoryWriteDown
Change in fair value of mortgage loans receivable and derivative instruments 555tol_ChangeInFairValueOfMortgageLoansReceivableAndDerivativeInstruments 605tol_ChangeInFairValueOfMortgageLoansReceivableAndDerivativeInstruments
(Gain) loss on marketable securities    (21)us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
Changes in operating assets and liabilities    
Increase in inventory (114,416)us-gaap_IncreaseDecreaseInInventories (363,914)us-gaap_IncreaseDecreaseInInventories
Origination of mortgage loans (167,063)us-gaap_MortgageLoansOnRealEstateNewMortgageLoans (146,354)us-gaap_MortgageLoansOnRealEstateNewMortgageLoans
Sale of mortgage loans 212,356us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale 200,830us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale
(Increase) decrease in restricted cash 880us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities (139)us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities
(Increase) decrease in receivables, prepaid expenses and other assets (255)tol_IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherAssets (7,274)tol_IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherAssets
Increase in customer deposits 14,039us-gaap_IncreaseDecreaseInCustomerDeposits 7,132us-gaap_IncreaseDecreaseInCustomerDeposits
(Decrease) increase in accounts payable and accrued expenses (10,147)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (14,282)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Increase in income taxes payable (58,362)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 19,426us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Net Cash Provided by (Used in) Operating Activities, Continuing Operations (33,048)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (250,388)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flow (used in) provided by investing activities:    
Purchase of property and equipment - net (2,884)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,853)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Sale and redemption of marketable securities 2,000us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities 39,243us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
Investment in and advances to unconsolidated entities (18,684)us-gaap_PaymentsToAcquireEquityMethodInvestments (60,408)us-gaap_PaymentsToAcquireEquityMethodInvestments
Return of investments in unconsolidated entities 6,340us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital 32,429us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
Investment in distressed loans and foreclosed real estate (1,468)tol_InvestmentInNonPerformingLoanPortfoliosAndForeclosedRealEstate (191)tol_InvestmentInNonPerformingLoanPortfoliosAndForeclosedRealEstate
Return of investments in distressed loans and foreclosed real estate 6,592tol_ReturnOfInvestmentsInNonPerformingLoanPortfoliosAndForeclosedRealEstate 17,574tol_ReturnOfInvestmentsInNonPerformingLoanPortfoliosAndForeclosedRealEstate
Deposit - acquisition of a business    (161,000)us-gaap_IncreaseDecreaseInDepositOtherAssets
Net Cash Provided by (Used in) Investing Activities, Continuing Operations (8,104)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (135,206)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flow used in financing activities:    
Proceeds from issuance of senior notes    600,000us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt
Debt issuance costs for senior notes    4,700tol_PaymentsofDebtIssuanceCostsSeniorLongTermDebt
Proceeds from loans payable 214,624us-gaap_ProceedsFromNotesPayable 275,334us-gaap_ProceedsFromNotesPayable
Principal payments of loans payable (272,334)tol_PrincipalPaymentsOfLoansPayable (307,195)tol_PrincipalPaymentsOfLoansPayable
Net proceeds from issuance of common stock    220,357us-gaap_ProceedsFromIssuanceOfCommonStock
Proceeds from stock-based benefit plans 17,773us-gaap_ProceedsFromStockOptionsExercised 18,529us-gaap_ProceedsFromStockOptionsExercised
Excess Tax Benefit from Share-based Compensation, Financing Activities 1,866us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 789us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Purchase of treasury stock (6,242)us-gaap_PaymentsForRepurchaseOfCommonStock (84)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from Noncontrolling Interests 50us-gaap_ProceedsFromMinorityShareholders 81us-gaap_ProceedsFromMinorityShareholders
Net Cash Provided by (Used in) Financing Activities, Continuing Operations (44,263)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 803,111us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase (decrease) in cash and cash equivalents (85,415)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 417,517us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 586,315us-gaap_CashAndCashEquivalentsAtCarryingValue 772,972us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period $ 500,900us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,190,489us-gaap_CashAndCashEquivalentsAtCarryingValue