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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 30, 2025
Oct. 31, 2024
ASSETS    
Cash and cash equivalents $ 686,466 $ 1,303,039
Inventory 10,994,873 9,712,925
Property, construction, and office equipment – net 450,024 453,007
Receivables, prepaid expenses, and other assets [1] 583,422 590,611
Mortgage loans held for sale – at fair value 195,651 191,242
Customer deposits held in escrow 113,086 109,691
Investments in unconsolidated entities [1] 1,172,302 1,007,417
Total assets 14,195,824 13,367,932
Liabilities    
Loans payable 1,052,710 1,085,817
Senior notes 1,597,544 1,597,102
Mortgage company loan facility 150,000 150,000
Customer deposits 514,965 488,690
Accounts payable 666,488 492,213
Accrued expenses 2,088,588 1,752,848
Income taxes payable 161,114 114,547
Total liabilities 6,231,409 5,681,217
Stockholders’ equity    
Preferred stock, none issued 0 0
Common stock, 112,937 shares issued at April 30, 2025 and October 31, 2024 1,129 1,129
Additional paid-in capital 679,434 694,713
Retained earnings 8,634,857 8,153,356
Treasury stock, at cost —14,612 and 13,149 shares at April 30, 2025 and October 31, 2024, respectively (1,394,825) (1,209,547)
Accumulated other comprehensive income ("AOCI") 28,130 31,277
Total stockholders’ equity 7,948,725 7,670,928
Noncontrolling interest 15,690 15,787
Total equity 7,964,415 7,686,715
Total liabilities and stockholders' equity $ 14,195,824 $ 13,367,932
[1] As of April 30, 2025 and October 31, 2024, Receivables, prepaid expenses, and other assets and Investments in unconsolidated entities include $117.3 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.