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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Cash flow (used in) provided by operating activities:    
Net income $ 530,150 $ 721,175
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 37,940 35,283
Stock-based compensation 22,795 22,139
(Income) loss from unconsolidated entities (2,746) 3,285
Distributions of earnings from unconsolidated entities 9,041 25,412
Deferred tax provision 5,001 7,216
Impairment charges and write-offs 32,462 35,400
Gain on sale of assets 0 (5,042)
Other - net 648 (973)
Changes in operating assets and liabilities:    
Inventory (900,631) (679,337)
Origination of mortgage loans (1,112,249) (876,125)
Sale of mortgage loans 1,110,378 851,846
Receivables, prepaid expenses, and other assets 4,670 (24,817)
Current income taxes – net 42,631 41,722
Customer deposits – net 22,880 (21,832)
Accounts payable and accrued expenses 139,101 16,692
Net cash (used in) provided by operating activities (57,929) 152,044
Cash flow used in investing activities:    
Purchase of property, construction, and office equipment – net (32,916) (29,701)
Investments in unconsolidated entities (179,890) (99,568)
Return of investments in unconsolidated entities 28,179 29,302
Other – net (3,130) (719)
Net cash used in investing activities (187,757) (100,686)
Cash flow used in financing activities:    
Proceeds from loans payable 2,107,956 1,693,383
Debt issuance costs (7,996) 0
Principal payments of loans payable (2,174,265) (1,771,103)
Proceeds related to sales to land bank programs 22,071 0
Payments related to repurchases from land bank programs (35,034) 0
Payments related to stock-based benefit plans – net (22,241) (3,540)
Purchase of treasury stock and excise tax payment (204,905) (180,083)
Dividends paid (49,046) (47,069)
Receipts related to noncontrolling interest – net 386 167
Net cash used in financing activities (363,074) (308,245)
Net decrease in cash, cash equivalents, and restricted cash (608,760) (256,887)
Cash, cash equivalents, and restricted cash, beginning of period 1,370,435 1,344,341
Cash, cash equivalents, and restricted cash, end of period $ 761,675 $ 1,087,454