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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Cash flow (used in) provided by operating activities:    
Net income $ 112,050 $ 132,107
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 15,669 6,171
Stock-based compensation 8,585 8,889
Income (Loss) from unconsolidated entities (6,140) (38,880)
Distributions of earnings from unconsolidated entities 6,427 38,892
Income from foreclosed real estate and distressed loans (170) (448)
Deferred tax (benefit) provision 1,621 (30,575)
Inventory impairments and write-offs 7,562 3,853
Gain on sale of golf club property (12,186) 0
Other 703 1,006
Changes in operating assets and liabilities    
Increase in inventory (158,258) (416,764)
Origination of mortgage loans (306,351) (231,436)
Sale of mortgage loans 389,974 292,946
(Increase) decrease in receivables, prepaid expenses and other assets (47,823) (16,594)
Increase (Decrease) in Income Taxes Receivable (14,363) 0
Increase in customer deposits, net 13,030 8,138
Decrease in accounts payable and accrued expenses (166,751) (54,029)
Decrease in income taxes payable (28,804) (33,100)
Net Cash (Used in) Provided by Operating Activities, Continuing Operations (185,225) (329,824)
Cash flow provided by (used in) investing activities:    
Purchase of property and equipment - net (19,576) (1,694)
Investments in and advances to unconsolidated entities (17,205) (4,422)
Return of investments in unconsolidated entities 42,677 36,253
Investment in distressed loans and foreclosed real estate (130) (92)
Return of investments in distressed loans and foreclosed real estate 482 1,505
Proceeds from sale of golf club property 18,220 0
Net Cash Provided By (Used In) Investing Activities, Continuing Operations 24,468 31,550
Cash flow provided by (used in) financing activities:    
Proceeds from issuance of senior notes 0 400,000
Debt issuance costs for senior notes 0 (3,410)
Proceeds from loans payable 809,506 589,819
Debt issuance costs for loans payable (2,058) 0
Repayments of loans payable (633,593) (687,740)
Redemption of senior notes (350,000) 0
(Payments) proceeds from stock-based benefit plans (1,831) 7,580
Purchase of treasury stock (25,143) (200,257)
Dividends paid (16,369) (12,293)
Net Cash Provided By (Used in) Financing Activities, Continuing Operations (219,488) 93,699
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect (380,245) (204,575)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1,182,939 715,311
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 802,694 $ 510,736