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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2022
Cash flow provided by operating activities:      
Net income $ 1,571,195 $ 1,372,071 $ 1,286,500
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 81,201 76,473 76,816
Stock-based compensation 29,558 24,805 21,095
Loss (income) from unconsolidated entities 23,843 (50,098) (23,723)
Distributions of earnings from unconsolidated entities 39,276 88,393 32,316
Deferred tax provision (80,330) 36,239 (96,680)
Property, construction and office equipment impairments 72,789 69,537 39,541
(Gain) loss on sale of assets (5,042) (416) 576
Other - net (1,544) 3,181 3,781
Changes in operating assets and liabilities:      
Inventory (575,734) (22,212) (618,829)
Origination of mortgage loans (2,137,278) (1,602,700) (2,035,637)
Sale of mortgage loans 2,058,780 1,681,610 2,086,358
Receivables, prepaid expenses, and other assets 505 (135,924) (95,018)
Current income taxes – net 31,927 (162,570) 160,500
Customer deposits – net (77,189) (88,285) (3,279)
Accounts payable and accrued expenses (21,790) (23,674) 152,499
Net cash provided by operating activities 1,010,167 1,266,430 986,816
Cash flow used in investing activities:      
Purchase of property, construction, and office equipment – net (73,643) (72,961) (71,726)
Investments in unconsolidated entities (193,235) (216,438) (226,724)
Return of investments in unconsolidated entities 101,363 112,749 116,769
Proceeds from the sale of assets, including ownership interests in unconsolidated entities 1,139 26,049 28,309
Other – net (3,242) 0 196
Net cash used in investing activities (167,618) (150,601) (153,176)
Cash flow used in financing activities:      
Proceeds from loans payable 3,744,727 3,079,142 4,304,635
Debt issuance costs (202) (5,365) 0
Principal payments of loans payable (3,844,816) (3,239,418) (4,356,185)
Redemption of senior notes 0 (400,000) (409,856)
Proceeds (payments) related to stock-based benefit plans – net 4,131 48,269 (690)
Dividends paid (93,401) (91,082) (88,901)
Receipts (payments) related to noncontrolling interest – net 167 11 (25,766)
Net cash used in financing activities (816,455) (1,170,038) (1,119,502)
Net increase (decrease) in cash, cash equivalents, and restricted cash 26,094 (54,209) (285,862)
Cash, cash equivalents, and restricted cash, beginning of year 1,344,341 1,398,550 1,684,412
Cash, cash equivalents, and restricted cash, end of year 1,370,435 1,344,341 1,398,550
Payments for Repurchase of Common Stock $ (627,061) $ (561,595) $ (542,739)