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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Cash flow provided by (used in) operating activities:    
Net income $ 56,876 $ 112,050
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 14,667 15,669
Stock-based compensation 13,383 8,585
Income (Loss) from unconsolidated entities (12,141) (6,140)
Distributions of earnings from unconsolidated entities 14,703 6,427
Income from foreclosed real estate and distressed loans (285) (170)
Deferred tax (benefit) provision 751 1,621
Inventory impairments and write-offs 1,031 7,562
Gain on sales of golf club property and an office building (12,186)
Other 1,376 703
Changes in operating assets and liabilities    
Increase in inventory (303,384) (158,258)
Origination of mortgage loans (316,852) (306,351)
Sale of mortgage loans 422,376 389,974
(Increase) decrease in receivables, prepaid expenses and other assets (172,153) (47,823)
Increase (Decrease) in Income Taxes Receivable (36,131) (14,363)
Increase in customer deposits, net 34,058 13,030
Decrease in accounts payable and accrued expenses (84,691) (166,751)
Decrease in income taxes payable (28,804)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations (366,416) (185,225)
Cash flow (used in) provided by investing activities:    
Purchase of property and equipment - net (26,839) (19,576)
Investments in and advances to unconsolidated entities (4,909) (17,205)
Return of investments in unconsolidated entities 28,983 42,677
Investment in distressed loans and foreclosed real estate (234) (130)
Return of investments in distressed loans and foreclosed real estate 883 482
Proceeds from sales of golf club property and an office building 18,220
Net Cash (Used in) Provided By Investing Activities, Continuing Operations (2,116) 24,468
Cash flow used in financing activities:    
Proceeds from loans payable 702,729 809,506
Debt issuance costs for loans payable (2,058)
Repayments of loans payable (608,481) (633,593)
Redemption of senior notes (350,000)
(Payments) proceeds from stock-based benefit plans 4,235 (1,831)
Purchase of treasury stock (476,024) (25,143)
Dividends paid (14,956) (16,369)
Proceeds from (Payments to) Noncontrolling Interests 44
Net Cash Used in Financing Activities, Continuing Operations (392,453) (219,488)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect (760,985) (380,245)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period 1,319,643 1,182,939
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period $ 558,658 $ 802,694