Supplemental Guarantor Information (Tables)

12 Months Ended

Oct. 31, 2011

Supplemental Guarantor Information (Tables) [Abstract]

Supplemental Consolidated Financial Information

	Toll								Non-
	Brothers,			Subsidiary		Guarantor			Guarantor
	Inc.			Issuer		Subsidiaries			Subsidiaries			Eliminations			Consolidated
ASSETS
Cash and cash equivalents							775,300			131,040						906,340
Marketable securities							233,572									233,572
Restricted cash							19,084			676						19,760
Inventory							2,911,211			505,512						3,416,723
Property, construction and office equipment, net							77,001			22,711						99,712
Receivables, prepaid expenses and other assets					6,768		74,980			26,067			(2,239	)		105,576
Mortgage loans receivable										63,175						63,175
Customer deposits held in escrow							10,682			4,177						14,859
Investments in and advances to unconsolidated entities							86,481			39,874						126,355
Investments in non-performing loan portfolios										69,174						69,174
Investments in and advances to consolidated entities		2,694,419			1,508,550		(727,258	)		(467,395	)		(3,008,316	)		—
		2,694,419			1,515,318		3,461,053			395,011			(3,010,555	)		5,055,246
LIABILITIES AND EQUITY
Liabilities:
Loans payable							61,994			44,562						106,556
Senior notes					1,490,972											1,490,972
Mortgage company warehouse loan										57,409						57,409
Customer deposits							71,388			12,436						83,824
Accounts payable							96,645			172						96,817
Accrued expenses					24,346		320,021			178,965			(2,281	)		521,051
Income taxes payable		108,066								(2,000	)					106,066
Total liabilities		108,066			1,515,318		550,048			291,544			(2,281	)		2,462,695
Equity:
Stockholders’ equity:
Common stock		1,687								2,003			(2,003	)		1,687
Additional paid-in capital		400,382					4,420			2,734			(7,154	)		400,382
Retained earnings		2,234,251					2,909,487			92,532			(3,002,019	)		2,234,251
Treasury stock, at cost		(47,065	)													(47,065	)
Accumulated other comprehensive loss		(2,902	)				(2,902	)					2,902			(2,902	)
Total stockholders’ equity		2,586,353			—		2,911,005			97,269			(3,008,274	)		2,586,353
Noncontrolling interest										6,198						6,198
Total equity		2,586,353			—		2,911,005			103,467			(3,008,274	)		2,592,551
		2,694,419			1,515,318		3,461,053			395,011			(3,010,555	)		5,055,246

	Toll								Non-
	Brothers,			Subsidiary		Guarantor			Guarantor
	Inc.			Issuer		Subsidiaries			Subsidiaries			Eliminations			Consolidated
ASSETS
Cash and cash equivalents							930,387			108,673						1,039,060
Marketable securities							197,867									197,867
Restricted cash							60,906									60,906
Inventory							2,862,796			378,929						3,241,725
Property, construction and office equipment, net							79,516			400						79,916
Receivables, prepaid expenses and other assets		27			8,104		66,280			24,565			(1,937	)		97,039
Mortgage loans receivable										93,644						93,644
Customer deposits held in escrow							13,790			7,576						21,366
Investments in and advances to unconsolidated entities							116,247			82,195						198,442
Income tax refund recoverable		141,590														141,590
Investments in and advances to consolidated entities		2,578,195			1,562,109		(871,125	)		(315,074	)		(2,954,105	)		—
		2,719,812			1,570,213		3,456,664			380,908			(2,956,042	)		5,171,555
LIABILITIES AND EQUITY
Liabilities:
Loans payable							63,442			31,049						94,491
Senior notes					1,544,110											1,544,110
Mortgage company warehouse loan										72,367						72,367
Customer deposits							72,819			4,337						77,156
Accounts payable							91,498			240						91,738
Accrued expenses					26,103		242,793			303,413			(1,988	)		570,321
Income taxes payable		164,359								(2,000	)					162,359
Total liabilities		164,359			1,570,213		470,552			409,406			(1,988	)		2,612,542
Equity:
Stockholders’ equity:
Common stock		1,664								2,003			(2,003	)		1,664
Additional paid-in capital		360,006					4,420			2,734			(7,154	)		360,006
Retained earnings		2,194,456					2,982,269			(36,795	)		(2,945,474	)		2,194,456
Treasury stock, at cost		(96	)													(96	)
Accumulated other comprehensive loss		(577	)				(577	)					577			(577	)
Total stockholders’ equity		2,555,453			—		2,986,112			(32,058	)		(2,954,054	)		2,555,453
Noncontrolling interest										3,560						3,560
Total equity		2,555,453			—		2,986,112			(28,498	)		(2,954,054	)		2,559,013
		2,719,812			1,570,213		3,456,664			380,908			(2,956,042	)		5,171,555

	Toll									Non-
	Brothers,			Subsidiary			Guarantor			Guarantor
	Inc.			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Revenues								1,418,883			56,998						1,475,881
Cost of revenues								1,203,435			64,847			(7,512	)		1,260,770
Selling, general and administrative		137			1,345			270,710			42,026			(52,863	)		261,355
Interest expense					103,604			1,504						(103,604	)		1,504
		137			104,949			1,475,649			106,873			(163,979	)		1,523,629
Loss from operations		(137	)		(104,949	)		(56,766	)		(49,875	)		163,979			(47,748	)
Other:
(Loss) income from unconsolidated entities								6,129			(7,323	)					(1,194	)
Interest and other income					108,776			21,408			44,699			(151,480	)		23,403
Expenses related to early retirement of debt					(3,827	)											(3,827	)
Loss from consolidated subsidiaries		(29,229	)											29,229			—
Loss before income tax benefit		(29,366	)		—			(29,229	)		(12,499	)		41,728			(29,366	)
Income tax benefit		(69,161	)					(68,837	)		(29,436	)		98,273			(69,161	)
Net income		39,795			—			39,608			16,937			(56,545	)		39,795

	Toll									Non-
	Brothers,			Subsidiary			Guarantor			Guarantor
	Inc.			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Revenues								1,441,773			52,998						1,494,771
Cost of revenues								1,311,709			69,521			(4,672	)		1,376,558
Selling, general and administrative		77			1,365			261,236			22,661			(22,115	)		263,224
Interest expense					106,411			22,751						(106,411	)		22,751
		77			107,776			1,595,696			92,182			(133,198	)		1,662,533
Loss from operations		(77	)		(107,776	)		(153,923	)		(39,184	)		133,198			(167,762	)
Other:
Income from unconsolidated entities								5,905			17,565						23,470
Interest and other income					108,520			31,372			31,460			(143,039	)		28,313
Expenses related to early retirement of debt					(744	)		(464	)								(1,208	)
Loss from consolidated subsidiaries		(117,110	)											117,110			—
Loss before income tax benefit		(117,187	)		—			(117,110	)		9,841			107,269			(117,187	)
Income tax (benefit) provision		(113,813	)					(124,695	)		9,596			115,099			(113,813	)
Net (loss) income		(3,374	)		—			7,585			245			(7,830	)		(3,374	)

	Toll									Non-
	Brothers,			Subsidiary			Guarantor			Guarantor
	Inc.			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Revenues								1,596,491			158,819						1,755,310
Cost of revenues								1,767,228			181,825			2,259			1,951,312
Selling, general and administrative		47			1,033			320,019			25,028			(32,918	)		313,209
Interest expense					87,501			7,949						(87,501	)		7,949
		47			88,534			2,095,196			206,853			(118,160	)		2,272,470
Loss from operations		(47	)		(88,534	)		(498,705	)		(48,034	)		118,160			(517,160	)
Other:
Loss from unconsolidated entities								(2,218	)		(5,300	)					(7,518	)
Interest and other income					100,160			6,572			27,776			(92,602	)		41,906
Expenses related to early retirement of debt					(11,626	)		(2,067	)								(13,693	)
Loss from consolidated subsidiaries		(496,418	)											496,418			—
Loss before income tax benefit		(496,465	)		—			(496,418	)		(25,558	)		521,976			(496,465	)
Income tax provision (benefit)		259,360						(259,329	)		(13,351	)		272,680			259,360
Net loss		(755,825	)		—			(237,089	)		(12,207	)		249,296			(755,825	)

	Toll									Non-
	Brothers,			Subsidiary			Guarantor			Guarantor
	Inc.			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash flow provided by (used in) operating activities:
Net income		39,795						39,608			16,937			(56,545	)		39,795
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization					3,210			19,343			589						23,142
Stock-based compensation		12,768															12,768
Impairments of investments in unconsolidated entities								15,170			25,700						40,870
Income from unconsolidated entities								(21,299	)		(18,377	)					(39,676	)
Distributions of earnings from unconsolidated entities								12,747			(666	)					12,081
Income from non-performing loan portfolios											(5,113	)					(5,113	)
Change in deferred tax asset		(18,188	)														(18,188	)
Deferred tax valuation allowance		18,188															18,188
Inventory impairments								51,837									51,837
Change in fair value of mortgage loans receivable and derivative instruments											475						475
Expenses related to early retirement of debt					3,827												3,827
Changes in operating assets and liabilities:
Increase in inventory								(89,869	)		(125,869	)					(215,738	)
Origination of mortgage loans											(630,294	)					(630,294	)
Sale of mortgage loans											659,610						659,610
Decrease (increase) in restricted cash								41,822			(676	)					41,146
(Increase) decrease in receivables, prepaid expenses and other assets		(116,644	)		53,557			(267,889	)		264,496			54,959			(11,521	)
Increase in customer deposits								1,677			11,498						13,175
(Decrease) increase in accounts payable and accrued expenses		2,287			(1,757	)		80,257			(111,272	)		1,586			(28,899	)
Decrease in income tax refund recoverable		141,590															141,590
Decrease in current income taxes payable		(56,225	)														(56,225	)
Net cash provided by (used in) operating activities		23,571			58,837			(116,596	)		87,038			—			52,850
Cash flow used in investing activities:
Purchase of property and equipment, net								(6,658	)		(2,895	)					(9,553	)
Purchase of marketable securities								(452,864	)								(452,864	)
Redemption of marketable securities								408,831									408,831
Investments in and advances to unconsolidated entities								(70	)		(62	)					(132	)
Return of investment in unconsolidated entities								23,859			19,450						43,309
Investment in non-performing loan portfolio and foreclosed real estate											(66,867	)					(66,867	)
Return of investment in non-performing loan portfolio and foreclosed real estate											2,806						2,806
Net cash used in investing activities		—			—			(26,902	)		(47,568	)		—			(74,470	)
Cash flow used in financing activities:
Proceeds from loans payable											921,251						921,251
Principal payments of loans payable								(11,589	)		(941,032	)					(952,621	)
Redemption of senior notes					(58,837	)											(58,837	)
Proceeds from stock-based benefit plans		25,531															25,531
Purchase of treasury stock		(49,102	)														(49,102	)
Change in noncontrolling interest											2,678						2,678
Net cash used in financing activities		(23,571	)		(58,837	)		(11,589	)		(17,103	)		—			(111,100	)
Net (decrease) increase in cash and cash equivalents		—			—			(155,087	)		22,367						(132,720	)
Cash and cash equivalents, beginning of year								930,387			108,673						1,039,060
Cash and cash equivalents, end of year		—			—			775,300			131,040			—			906,340

	Toll									Non-
	Brothers,			Subsidiary			Guarantor			Guarantor
	Inc.			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash flow (used in) provided by operating activities:
Net loss		(3,374	)					7,585			245			(7,830	)		(3,374	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization		28			3,262			15,961			793						20,044
Stock-based compensation		11,677															11,677
Excess tax benefit from stock-based compensation		(4,954	)														(4,954	)
Loss from unconsolidated entities								(5,773	)		(17,697	)					(23,470	)
Distributions of earnings from unconsolidated entities								10,297									10,297
Change in deferred tax asset		60,697															60,697
Deferred tax valuation allowance		(60,697	)														(60,697	)
Inventory impairments								107,508			7,750						115,258
Change in fair value of mortgage loans receivable and derivative instruments											(970	)					(970	)
Expenses related to early retirement of debt					744			464									1,208
Changes in operating assets and liabilities:
Decrease in inventory								(16,730	)		(123,614	)					(140,344	)
Origination of mortgage loans											(628,154	)					(628,154	)
Sale of mortgage loans											579,221						579,221
Increase in restricted cash								(60,906	)								(60,906	)
(Increase) decrease in receivables, prepaid expenses and other assets		(50,136	)		36,330			(143,435	)		144,502			9,624			(3,115	)
Decrease in customer deposits								(9,713	)		(5,469	)					(15,182	)
(Decrease) increase in accounts payable and accrued expenses		(274	)		5,778			(133,422	)		91,114			(1,794	)		(38,598	)
Decrease in income tax refund recoverable		20,250															20,250
Decrease in current income taxes payable		14,828															14,828
Net cash (used in) provided by operating activities		(11,955	)		46,114			(228,164	)		47,721			—			(146,284	)
Cash flow used in investing activities:
Purchase of property and equipment, net								(4,750	)		(80	)					(4,830	)
Purchase of marketable securities								(157,962	)								(157,962	)
Redemption of marketable securities								60,000									60,000
Investments in and advances to unconsolidated entities								(28,493	)		(29,793	)					(58,286	)
Return of investment in unconsolidated entities								9,696									9,696
Net cash used in investing activities		—			—			(121,509	)		(29,873	)		—			(151,382	)
Cash flow (used in) provided by financing activities:
Proceeds from issuance of senior notes
Proceeds from loans payable											927,233						927,233
Principal payments of loans payable								(372,419	)		(944,095	)					(1,316,514	)
Redemption of senior subordinated notes								(47,872	)								(47,872	)
Redemption of senior notes					(46,114	)											(46,114	)
Proceeds from stock-based benefit plans		7,589															7,589
Excess tax benefit from stock-based compensation		4,954															4,954
Purchase of treasury stock		(588	)														(588	)
Change in noncontrolling interest											320						320
Net cash (used in) provided by financing activities		11,955			(46,114	)		(420,291	)		(16,542	)		—			(470,992	)
Net (decrease) increase in cash and cash equivalents		—			—			(769,964	)		1,306			—			(768,658	)
Cash and cash equivalents, beginning of year								1,700,351			107,367						1,807,718
Cash and cash equivalents, end of year		—			—			930,387			108,673			—			1,039,060

	Toll									Non-
	Brothers,			Subsidiary			Guarantor			Guarantor
	Inc.			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash flow provided by (used in) operating activities:
Net loss		(755,825	)					(237,089	)		(11,327	)		248,416			(755,825	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization		28			2,652			20,363			882						23,925
Stock-based compensation		10,987															10,987
Excess tax benefit from stock-based compensation		(24,817	)														(24,817	)
Impairment of investment in unconsolidated entities								6,000			5,300						11,300
(Loss) earnings from unconsolidated entities								1,518			(5,300	)					(3,782	)
Distributions of earnings from unconsolidated entities								816									816
Change in deferred tax asset		(52,577	)														(52,577	)
Deferred tax valuation allowance		458,280															458,280
Inventory impairments								419,311			46,100						465,411
Expenses related to early retirement of debt					11,626			2,067									13,693
Changes in operating assets and liabilities:
Decrease in inventory								377,146			112,067						489,213
Origination of mortgage loans											(571,158	)					(571,158	)
Sale of mortgage loans											577,263						577,263
Decrease (increase) in receivables, prepaid expenses and other assets		508,224			(439,154	)		185,744			16,228			(250,997	)		20,045
Decrease in customer deposits								(22,842	)		(22,864	)					(45,706	)
Decrease in accounts payable and accrued expenses		(4,979	)		(249	)		(111,030	)		(35,388	)		2,581			(149,065	)
Increase in income tax refund recoverable		(161,840	)														(161,840	)
Decrease in current income taxes payable		(22,972	)														(22,972	)
Net cash provided by (used in) operating activities		(45,491	)		(425,125	)		642,004			111,803			—			283,191
Cash flow used in investing activities:
Purchase of property and equipment, net								(2,719	)		7						(2,712	)
Purchase of marketable securities								(101,324	)								(101,324	)
Investments in and advances to unconsolidated entities								(31,342	)								(31,342	)
Return of investment in unconsolidated entities								3,205									3,205
Net cash used in investing activities		—			—			(132,180	)		7			—			(132,173	)
Cash flow provided by (used in) financing activities:
Proceeds from issuance of senior notes					635,765												635,765
Proceeds from loans payable											636,975						636,975
Principal payments of loans payable								(28,587	)		(757,296	)					(785,883	)
Redemption of senior subordinated notes								(296,503	)								(296,503	)
Redemption of senior notes					(210,640	)											(210,640	)
Proceeds from stock-based benefit plans		22,147															22,147
Excess tax benefit from stock-based compensation		24,817															24,817
Purchase of treasury stock		(1,473	)														(1,473	)
Change in noncontrolling interest											(2,000	)					(2,000	)
Net cash provided by (used in) financing activities		45,491			425,125			(325,090	)		(122,321	)		—			23,205
Net increase (decrease) in cash and cash equivalents		—			—			184,734			(10,511	)		—			174,223
Cash and cash equivalents, beginning of year								1,515,617			117,878						1,633,495
Cash and cash equivalents, end of year		—			—			1,700,351			107,367			—			1,807,718