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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 31, 2025
Oct. 31, 2024
ASSETS    
Cash and cash equivalents $ 574,834 $ 1,303,039
Inventory 10,677,502 9,712,925
Property, construction, and office equipment – net 455,208 453,007
Receivables, prepaid expenses, and other assets [1] 595,692 590,611
Mortgage loans held for sale – at fair value 99,620 191,242
Customer deposits held in escrow 112,671 109,691
Investments in unconsolidated entities [1] 1,106,576 1,007,417
Total assets 13,622,103 13,367,932
Liabilities    
Loans payable 1,058,765 1,085,817
Senior notes 1,597,316 1,597,102
Mortgage company loan facility 89,958 150,000
Customer deposits 518,200 488,690
Accounts payable 650,714 492,213
Accrued expenses 1,830,701 1,752,848
Income taxes payable 64,955 114,547
Total liabilities 5,810,609 5,681,217
Stockholders’ equity    
Preferred Stock, Value, Issued 0 0
Common Stock, Value, Issued 1,129 1,129
Additional paid-in capital 674,492 694,713
Retained earnings 8,307,555 8,153,356
Treasury stock, at cost —12,969 and 13,149 shares at January 31, 2025 and October 31, 2024, respectively (1,217,942) (1,209,547)
Accumulated other comprehensive income ("AOCI") 30,372 31,277
Total stockholders’ equity 7,795,606 7,670,928
Noncontrolling interest 15,888 15,787
Total equity 7,811,494 7,686,715
Total liabilities and stockholders' equity $ 13,622,103 $ 13,367,932
[1] As of January 31, 2025 and October 31, 2024, Receivables, prepaid expenses, and other assets and Investments in unconsolidated entities include $106.1 million and $105.3 million, respectively, of assets related to consolidated variable interest entities (“VIEs”). See Note 3, “Investments in Unconsolidated Entities” for additional information regarding VIEs.