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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2017
Oct. 31, 2016
Oct. 31, 2015
Cash flow provided by operating activities:      
Net income $ 535,495 $ 382,095 $ 363,167
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 25,361 23,121 23,557
Stock-based compensation 28,466 26,679 22,903
Excess tax benefits from stock-based compensation (5,328) (2,114) (1,628)
Income from unconsolidated entities (116,066) (40,748) (21,119)
Distributions of earnings from unconsolidated entities 134,291 15,287 19,459
Income from distressed loans and foreclosed real estate (4,937) (8,390) (13,269)
Deferred tax provision 217,864 19,252 62,084
Change in deferred tax valuation allowances (32,154) 1,018 (12,642)
Inventory impairments and write-offs 14,794 13,807 35,709
Other 1,395 (1,739) (316)
Changes in operating assets and liabilities      
Decrease (increase) in inventory 129,666 (391,178) (351,983)
Origination of mortgage loans (1,217,274) (1,275,047) (1,029,112)
Sale of mortgage loans 1,332,207 1,150,156 1,007,671
(Increase) decrease in restricted cash and investments 10,639 (14,496) 1,547
(Increase) decrease in receivables, prepaid expenses and other assets 31,766 (307,351) (55,553)
Increase in customer deposits 37,967 27,838 46,478
Increase (decrease) in accounts payable and accrued expenses (140,463) 524,553 28,729
Increase (decrease) in income taxes payable (23,970) 6,028 (65,500)
Net cash provided by (used in) operating activities 959,719 148,771 60,182
Cash flow provided by (used in) investing activities:      
Purchase of property and equipment - net (28,872) (28,426) (9,447)
Sale and redemption of marketable securities and restricted investments - net 18,049 10,000 2,000
Investment in unconsolidated entities (122,334) (69,655) (123,940)
Return of investments in unconsolidated entities 195,505 47,806 39,766
Investment in foreclosed real estate and distressed loans (710) (1,133) (2,624)
Return of investments in foreclosed real estate and distressed loans 13,765 49,619 37,625
Net increase in cash from purchase of joint venture interest 3,848
Acquisition of a business, net of cash acquired (83,088)
Net cash (used in) provided by investing activities (7,685) 8,211 (52,772)
Cash flow (used in) provided by financing activities:      
Proceeds from issuance of senior notes 455,483 350,000
Proceeds from loans payable 1,621,043 2,443,496 1,954,432
Debt issuance costs 4,449 4,903 3,175
Principal payments of loans payable (1,999,357) (2,497,585) (1,659,458)
Repayments of senior notes (687,500) (300,000)
Proceeds from stock-based benefit plans 66,000 6,986 39,514
Excess tax benefits from stock-based compensation 5,328 2,114 1,628
Purchase of treasury stock (290,881) (392,772) (56,888)
Payments of Dividends (38,587)
Receipts (payments) related to noncontrolling interest, net 404 (785)
Net cash provided by (used in) financing activities (872,920) (442,260) 325,268
Net increase (decrease) in cash and cash equivalents 79,114 (285,278) 332,678
Cash and cash equivalents, beginning of period 633,715 918,993 586,315
Cash and cash equivalents, end of period $ 712,829 $ 633,715 $ 918,993