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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Oct. 31, 2020
Cash flow provided by operating activities:      
Net income $ 1,286,500 $ 833,627 $ 446,624
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 76,816 76,250 68,873
Stock-based compensation 21,095 23,187 24,326
Income from unconsolidated entities (23,723) (74,035) (948)
Distributions of earnings from unconsolidated entities 32,316 83,118 27,236
Deferred tax provision (96,680) 11,815 97,780
Inventory Write-down 32,741 26,535 55,883
Property, construction and office equipment impairments 6,800 0 0
Loss (gain) on sale of assets 576 (38,706) (12,970)
Other 3,781 (406) (3,774)
Expenses related to early retirement of debt 0 35,211 0
Changes in operating assets and liabilities:      
Inventory (618,829) (196,227) 352,858
Origination of mortgage loans (2,035,637) (2,178,468) (1,815,824)
Sale of mortgage loans 2,086,358 2,159,827 1,806,278
Receivables, prepaid expenses, and other assets (95,018) 135,806 (176,293)
Current income taxes – net 160,500 25,131 (4,190)
Customer deposits – net (3,279) 165,637 70,423
Accounts payable and accrued expenses 152,499 214,825 71,835
Net cash provided by operating activities 986,816 1,303,127 1,008,117
Cash flow used in investing activities:      
Purchase of property, construction, and office equipment – net (71,726) (66,878) (109,564)
Investments in unconsolidated entities (226,724) (221,932) (71,650)
Return of investments in unconsolidated entities 116,769 203,504 47,403
Proceeds from the sale of assets 28,309 80,418 15,617
Business acquisitions 0 0 (60,349)
Other 196 652 698
Net cash used in investing activities (153,176) (4,236) (177,845)
Cash flow used in financing activities:      
Proceeds from loans payable 4,304,635 3,158,033 4,027,152
Principal payments of loans payable (4,356,185) (3,425,065) (4,112,956)
Redemption of senior notes (409,856) (294,168) 0
(Payments) proceeds for stock-based benefit plans – net (690) 10,487 24,856
Purchase of treasury stock (542,739) (378,256) (634,057)
Dividends paid (88,901) (76,623) (56,588)
Payments related to noncontrolling interest – net (25,766) (5,491) (1,718)
Net cash used in financing activities (1,119,502) (1,011,083) (753,311)
Net decrease in cash, cash equivalents, and restricted cash (285,862) 287,808 76,961
Cash, cash equivalents, and restricted cash, beginning of period 1,684,412 1,396,604 1,319,643
Cash, cash equivalents, and restricted cash, end of period $ 1,398,550 $ 1,684,412 $ 1,396,604