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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2018
Cash flow provided by operating activities:      
Net income $ 446,624 $ 590,007 $ 748,151
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 68,873 72,149 25,259
Stock-based compensation 24,326 26,180 28,312
Income from unconsolidated entities (948) (24,868) (85,240)
Distributions of earnings from unconsolidated entities 27,236 31,799 86,099
Income from distressed loans and foreclosed real estate (623) (947) (1,551)
Deferred tax provision 97,780 102,764 (21,930)
Inventory impairments and write-offs 55,883 42,360 35,156
Gain (Loss) on Disposition of Business (12,970) (36,277) 0
Other (3,151) (1,042) 3,111
Changes in operating assets and liabilities      
Decrease (increase) in inventory 352,858 (40,236) (143,598)
Origination of mortgage loans (1,815,824) (1,611,496) (1,449,494)
Sale of mortgage loans 1,806,278 1,565,944 1,410,627
(Increase) decrease in receivables, prepaid expenses and other assets (176,293) (185,261) (99,604)
Increase in Income Taxes Receivable (2,884) (20,791) 0
Increase in customer deposits 70,423 14,041 (718)
Increase (decrease) in accounts payable and accrued expenses 71,835 (64,518) 57,927
Increase (decrease) in income taxes payable (1,306) (22,147) (4,296)
Net cash provided by (used in) operating activities 1,008,117 437,661 588,211
Cash flow provided by (used in) investing activities:      
Purchase of property and equipment - net (109,564) (86,971) (28,232)
Investment in unconsolidated entities (71,650) (56,560) (27,491)
Return of investments in unconsolidated entities 47,403 147,927 133,190
Investment in foreclosed real estate and distressed loans (1,110) (731) (966)
Return of investments in foreclosed real estate and distressed loans 1,808 3,147 4,765
Proceeds from Sale of Productive Assets 15,617 79,647 0
Acquisition of a business, net of cash acquired (60,349) (162,373) 0
Net cash (used in) provided by investing activities (177,845) (75,914) 81,266
Cash flow (used in) provided by financing activities:      
Proceeds from issuance of senior notes 0 400,000 400,000
Proceeds from loans payable 4,027,152 2,699,028 2,630,835
Debt issuance costs 0 (6,180) (3,531)
Repayments of Notes Payable (4,112,956) (2,471,616) (2,690,164)
Repayments of senior notes 0 (600,000) 0
(Payments) proceeds from stock-based benefit plans 24,856 17,369 13,392
Purchase of treasury stock (634,057) (233,523) (503,159)
Payments of Dividends (56,588) (63,641) (61,704)
Receipts (payments) related to noncontrolling interest, net (1,718) 49 30
Net cash provided by (used in) financing activities (753,311) (258,514) (214,301)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect 76,961 103,233 455,176
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period 1,319,643 1,216,410 761,234
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period $ 1,396,604 $ 1,319,643 $ 1,216,410