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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2025
Oct. 31, 2024
ASSETS    
Cash and cash equivalents $ 1,258,997 $ 1,303,039
Inventory 10,678,460 9,712,925
Property, construction, and office equipment – net 273,397 453,007
Receivables, prepaid expenses, and other assets [1] 554,720 590,611
Real estate and related assets held for sale 420,969 0
Mortgage loans held for sale – at fair value 200,816 191,242
Customer deposits held in escrow 106,612 109,691
Investment balance at October 31, 2025 [1] 1,025,895 1,007,417
Total assets 14,519,866 13,367,932
Liabilities    
Loans payable 896,388 1,085,817
Senior notes 1,741,525 1,597,102
Mortgage company loan facility 150,000 150,000
Customer deposits 418,897 488,690
Accounts payable 615,771 492,213
Accrued expenses 2,061,919 1,752,848
Liabilities related to assets held for sale 172,186 0
Income taxes payable 177,116 114,547
Total liabilities 6,233,802 5,681,217
Stockholders’ equity    
Preferred stock, none issued 0 0
Common stock, 102,937 and 112,937 shares issued at October 31, 2025 and 2024, respectively 1,029 1,129
Additional paid-in capital 687,123 694,713
Retained earnings 8,574,807 8,153,356
Treasury stock, at cost — 8,140 and 13,149 shares at October 31, 2025 and 2024, respectively (1,014,568) (1,209,547)
Accumulated other comprehensive income ("AOCI") 22,272 31,277
Total stockholders’ equity 8,270,663 7,670,928
Noncontrolling interest 15,401 15,787
Total equity 8,286,064 7,686,715
Total liabilities and stockholders' equity $ 14,519,866 $ 13,367,932
[1] As of October 31, 2025 and 2024, Receivables, prepaid expenses and other assets and Investments in unconsolidated entities include $77.0 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.