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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Cash flow provided by operating activities:      
Net income $ 1,346,486 $ 1,571,195 $ 1,372,071
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 82,085 81,201 76,473
Stock-based compensation 30,834 29,558 24,805
(Income) loss from unconsolidated entities (19,054) 23,843 (50,098)
Distributions of earnings from unconsolidated entities 61,411 39,276 88,393
Deferred tax provision 86,739 (80,330) 36,239
Impairment charges and write-offs 100,036 72,789 69,537
Gain on sale of assets 0 (5,042) (416)
Other - net 740 (1,544) 3,181
Changes in operating assets and liabilities:      
Inventory (521,182) (575,734) (22,212)
Origination of mortgage loans (2,645,984) (2,137,278) (1,602,700)
Sale of mortgage loans 2,638,341 2,058,780 1,681,610
Receivables, prepaid expenses, and other assets (24,811) 505 (135,924)
Current income taxes – net (21,138) 31,927 (162,570)
Customer deposits – net (66,714) (77,189) (88,285)
Accounts payable and accrued expenses 64,622 (21,790) (23,674)
Net cash provided by operating activities 1,112,411 1,010,167 1,266,430
Cash flow used in investing activities:      
Purchase of property, construction, and office equipment – net (86,195) (73,643) (72,961)
Investments in unconsolidated entities (309,696) (193,235) (216,438)
Return of investments in unconsolidated entities 82,188 101,363 112,749
Proceeds from the sale of assets, including ownership interests in unconsolidated entities 0 1,139 26,049
Net increase in cash from consolidation of joint ventures 5,348 0 0
Other – net (1,678) (3,242) 0
Net cash used in investing activities (310,033) (167,618) (150,601)
Cash flow used in financing activities:      
Proceeds from issuance of senior notes 498,180 0 0
Proceeds from loans payable 4,524,779 3,744,727 3,079,142
Debt issuance costs (12,994) (202) (5,365)
Principal payments of loans payable (4,687,028) (3,844,816) (3,239,418)
Redemption of senior notes (350,020) 0 (400,000)
(Payments) proceeds related to stock-based benefit plans – net (19,923) 4,131 48,269
Proceeds related to sales to land bank programs 52,070 0 0
Payments related to repurchases from land bank programs (91,485) 0 0
Purchase of treasury stock and excise tax payment (651,016) (627,061) (561,595)
Dividends paid (97,075) (93,401) (91,082)
Receipts related to noncontrolling interest – net 637 167 11
Net cash used in financing activities (833,875) (816,455) (1,170,038)
Net (decrease) increase in cash, cash equivalents, and restricted cash (31,497) 26,094 (54,209)
Cash, cash equivalents, and restricted cash, beginning of year 1,370,435 1,344,341 1,398,550
Cash, cash equivalents, and restricted cash, end of year $ 1,338,938 $ 1,370,435 $ 1,344,341