XML 125 R106.htm IDEA: XBRL DOCUMENT v2.4.0.6
Supplemental Guarantor Information (Details 2) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Oct. 31, 2011
Jul. 31, 2011
Apr. 30, 2011
Jan. 31, 2011
Oct. 31, 2010
Jul. 31, 2010
Apr. 30, 2010
Jan. 31, 2010
Oct. 31, 2011
Oct. 31, 2010
Oct. 31, 2009
Oct. 31, 2008
Cash flow provided by (used in) operating activities:                        
Net income (loss) $ 15,043 $ 42,108 $ (20,773) $ 3,417 $ 50,479 $ 27,302 $ (40,401) $ (40,754) $ 39,795 $ (3,374) $ (755,825)  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:                        
Depreciation and amortization                 23,142 20,044 23,925  
Stock-based compensation                 12,768 11,677 10,987  
Excess tax benefits from stock-based compensation                   (4,954) (24,817)  
Impairment of investment in unconsolidated entities                 40,870   11,300  
Income/loss from unconsolidated entities                 (39,676) (23,470) (3,782)  
Distributions of earnings from unconsolidated entities                 12,081 10,297 816  
Income from non-performing loan portfolios and foreclosed real estate                 (5,113)      
Change in deferred tax asset                 (18,188) 60,697 (52,577)  
Deferred tax valuation allowances                 18,188 (60,697) 458,280  
Inventory impairments                 51,837 115,258 465,411  
Change in fair value of mortgage loans receivable and derivative instruments                 475 (970)    
Expenses related to early retirement of debt                 (3,827) (1,208) (13,693)  
Changes in operating assets and liabilities                        
(Increase) decrease in inventory                 (215,738) (140,344) 489,213  
Origination of mortgage loans                 (630,294) (628,154) (571,158)  
Sale of mortgage loans                 659,610 579,221 577,263  
Decrease (Increase) in restricted cash                 41,146 (60,906)    
(Increase) decrease in receivables, prepaid expenses and other assets                 (11,521) (3,115) 20,045  
Increase (decrease) in customer deposits                 13,175 (15,182) (45,706)  
(Decrease) increase in accounts payable and accrued expenses                 (28,899) (38,598) (149,065)  
Decrease (increase) in income tax refund recoverable                 141,590 20,250 (161,840)  
Decrease (increase) in current income taxes payable                 (56,225) 14,828 (22,972)  
Net cash provided by (used in) operating activities                 52,850 (146,284) 283,191  
Cash flow from investing activities:                        
Purchase of property and equipment - net                 (9,553) (4,830) (2,712)  
Purchase of marketable securities                 (452,864) (157,962) (101,324)  
Redemption of marketable securities                 408,831 60,000    
Investment in and advances to unconsolidated entities                 (132) (58,286) (31,342)  
Return of investments in unconsolidated entities                 43,309 9,696 3,205  
Investment in non-performing loan portfolios and foreclosed real estate                 (66,867)      
Return of investments in non-performing loan portfolios and foreclosed real estate                 2,806      
Net cash used in investing activities                 (74,470) (151,382) (132,173)  
Cash flow from financing activities:                        
Net proceeds from issuance of senior notes                      635,765  
Redemption of senior subordinated notes                   (47,872) (296,503)  
Redemption of senior notes                 (58,837) (46,114) (210,640)  
Proceeds from loans payable                 921,251 927,233 636,975  
Principal payments of loans payable                 (952,621) (1,316,514) (785,883)  
Proceeds from stock-based benefit plans                 25,531 7,589 22,147  
Excess tax benefits from stock-based compensation                   4,954 24,817  
Purchase of treasury stock                 (49,102) (588) (1,473)  
Change in noncontrolling interest                 2,678 320 (2,000)  
Net cash (used in) provided by financing activities                 (111,100) (470,992) 23,205  
Net (decrease) increase in cash and cash equivalents                 (132,720) (768,658) 174,223  
Cash and cash equivalents, end of year 906,340       1,039,060       906,340 1,039,060 1,807,718 1,633,495
Toll Brothers Inc. [Member]
                       
Cash flow provided by (used in) operating activities:                        
Net income (loss)                 39,795 (3,374) (755,825)  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:                        
Depreciation and amortization                   28 28  
Stock-based compensation                 12,768 11,677 10,987  
Excess tax benefits from stock-based compensation                   (4,954) (24,817)  
Change in deferred tax asset                 (18,188) 60,697 (52,577)  
Deferred tax valuation allowances                 18,188 (60,697) 458,280  
Changes in operating assets and liabilities                        
(Increase) decrease in receivables, prepaid expenses and other assets                 (116,644) (50,136) 508,224  
(Decrease) increase in accounts payable and accrued expenses                 2,287 (274) (4,979)  
Decrease (increase) in income tax refund recoverable                 141,590 20,250 (161,840)  
Decrease (increase) in current income taxes payable                 (56,225) 14,828 (22,972)  
Net cash provided by (used in) operating activities                 23,571 (11,955) (45,491)  
Cash flow from financing activities:                        
Proceeds from stock-based benefit plans                 25,531 7,589 22,147  
Excess tax benefits from stock-based compensation                   4,954 24,817  
Purchase of treasury stock                 (49,102) (588) (1,473)  
Net cash (used in) provided by financing activities                 (23,571) 11,955 45,491  
Subsidiary Issuer [Member]
                       
Adjustments to reconcile net income to net cash provided by (used in) operating activities:                        
Depreciation and amortization                 3,210 3,262 2,652  
Expenses related to early retirement of debt                 (3,827) (774) (11,626)  
Changes in operating assets and liabilities                        
(Increase) decrease in receivables, prepaid expenses and other assets                 53,557 36,330 (439,154)  
(Decrease) increase in accounts payable and accrued expenses                 (1,757) 5,778 (249)  
Net cash provided by (used in) operating activities                 58,837 46,114 (425,125)  
Cash flow from financing activities:                        
Net proceeds from issuance of senior notes                      635,765  
Redemption of senior notes                 (58,837) (46,114) (210,640)  
Net cash (used in) provided by financing activities                 (58,837) (46,114) 425,125  
Guarantor Subsidiaries [Member]
                       
Cash flow provided by (used in) operating activities:                        
Net income (loss)                 39,608 7,585 (237,089)  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:                        
Depreciation and amortization                 19,343 15,961 20,363  
Impairment of investment in unconsolidated entities                 15,170   6,000  
Income/loss from unconsolidated entities                 (21,299) (5,773) 1,518  
Distributions of earnings from unconsolidated entities                 12,747 10,297 816  
Inventory impairments                 51,837 107,508 419,311  
Expenses related to early retirement of debt                   (464) (2,067)  
Changes in operating assets and liabilities                        
(Increase) decrease in inventory                 (89,869) (16,730) 377,146  
Decrease (Increase) in restricted cash                 41,822 (60,906)    
(Increase) decrease in receivables, prepaid expenses and other assets                 (267,889) (143,435) 185,744  
Increase (decrease) in customer deposits                 1,677 (9,713) (22,842)  
(Decrease) increase in accounts payable and accrued expenses                 80,257 (133,422) (111,030)  
Net cash provided by (used in) operating activities                 (116,596) (228,164) 642,004  
Cash flow from investing activities:                        
Purchase of property and equipment - net                 (6,658) (4,750) (2,719)  
Purchase of marketable securities                 (452,864) (157,962) (101,324)  
Redemption of marketable securities                 408,831 60,000    
Investment in and advances to unconsolidated entities                 (70) (28,493) (31,342)  
Return of investments in unconsolidated entities                 23,859 9,696 3,205  
Net cash used in investing activities                 (26,902) (121,509) (132,180)  
Cash flow from financing activities:                        
Redemption of senior subordinated notes                   (47,872) (296,503)  
Principal payments of loans payable                 (11,589) (372,419) (28,587)  
Net cash (used in) provided by financing activities                 (11,589) (420,291) (325,090)  
Net (decrease) increase in cash and cash equivalents                 (155,087) (769,964) (184,734)  
Cash and cash equivalents, end of year 775,300       930,387       775,300 930,387 1,700,351 1,515,617
Non-Guarantor Subsidiaries [Member]
                       
Cash flow provided by (used in) operating activities:                        
Net income (loss)                 16,937 245 (11,327)  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:                        
Depreciation and amortization                 589 793 882  
Impairment of investment in unconsolidated entities                 25,700   5,300  
Income/loss from unconsolidated entities                 (18,377) (17,697) (5,300)  
Distributions of earnings from unconsolidated entities                 (666)      
Income from non-performing loan portfolios and foreclosed real estate                 (5,113)      
Inventory impairments                   7,750 46,100  
Change in fair value of mortgage loans receivable and derivative instruments                 475 (970)    
Changes in operating assets and liabilities                        
(Increase) decrease in inventory                 (125,869) (123,614) 112,067  
Origination of mortgage loans                 (630,294) (628,154) (571,158)  
Sale of mortgage loans                 659,610 579,221 577,263  
Decrease (Increase) in restricted cash                 (676)      
(Increase) decrease in receivables, prepaid expenses and other assets                 264,496 144,502 16,288  
Increase (decrease) in customer deposits                 11,498 (5,469) (22,864)  
(Decrease) increase in accounts payable and accrued expenses                 (111,272) 91,114 (35,388)  
Net cash provided by (used in) operating activities                 87,038 47,721 111,803  
Cash flow from investing activities:                        
Purchase of property and equipment - net                 (2,895) (80) 7  
Investment in and advances to unconsolidated entities                 (62) (29,793)    
Return of investments in unconsolidated entities                 19,450      
Investment in non-performing loan portfolios and foreclosed real estate                 (66,867)      
Return of investments in non-performing loan portfolios and foreclosed real estate                 2,806      
Net cash used in investing activities                 (47,568) (29,873) 7  
Cash flow from financing activities:                        
Proceeds from loans payable                 921,251 927,233 636,975  
Principal payments of loans payable                 (941,032) (944,095) (757,296)  
Change in noncontrolling interest                 2,678 320 (2,000)  
Net cash (used in) provided by financing activities                 (17,103) (16,542) (122,321)  
Net (decrease) increase in cash and cash equivalents                 22,367 1,306 (10,511)  
Cash and cash equivalents, end of year 131,040       108,673       131,040 108,673 107,367 117,878
Eliminations [Member]
                       
Cash flow provided by (used in) operating activities:                        
Net income (loss)                 (56,545) (7,830) 248,416  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:                        
Expenses related to early retirement of debt                   0 0  
Changes in operating assets and liabilities                        
(Increase) decrease in receivables, prepaid expenses and other assets                 54,959 9,624 (250,997)  
(Decrease) increase in accounts payable and accrued expenses                 $ 1,586 $ (1,794) $ 2,581