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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Cash flows from operating activities:    
Net (loss) income $ (187,739) $ 134,701
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation 7,167 9,089
Compensation from stock options and awards 5,110 7,022
Amortization of bond discounts and deferred financing costs 4,456 3,757
Gain on sale and retirement of property and assets (44) (71)
Loss from unconsolidated joint ventures 6,479 853
Distributions of earnings from unconsolidated joint ventures 366 1,812
Loss (gain) on extinguishment of debt 3,035 (25,047)
Inventory impairment and land option write-offs 41,876 55,111
Decrease (increase) in assets:    
Mortgage loans held for sale 33,128 8,090
Restricted cash, receivables, prepaids, deposits and other assets 42,344 36,258
Inventories (85,657) (14,020)
Increase (decrease) in liabilities:    
State and Federal income tax liabilities 17,872 (43,187)
Customers’ deposits 5,970 (7,543)
Accounts payable, accrued interest and other accrued liabilities (73,604) (74,884)
Net cash (used in) provided by operating activities (179,241) 91,941
Cash flows from investing activities:    
Proceeds from sale of property and assets 950 348
Purchase of property, equipment, and other fixed assets (743) (1,503)
Investments in and advances to unconsolidated joint ventures (3,288) (3,595)
Distributions of capital from unconsolidated joint ventures 2,999 4,637
Net cash provided by (used in) investing activities (82) (113)
Cash flows from financing activities:    
Proceeds from mortgages and notes 61 4,793
Proceeds from senior debt 151,220  
Proceeds from senior secured notes 12,660  
Proceeds from tangible equity units issuance 83,707  
Proceeds from common stock issuance 54,899  
Net (payments) proceeds related to mortgage warehouse lines of credit (31,984) 101
Deferred financing cost from note issuances (5,396) (1,602)
Principal payments and debt repurchases (170,639) (111,576)
Net cash provided by (used in) financing activities 94,528 (108,284)
Net decrease in cash and cash equivalents (84,795) (16,456)
Cash and cash equivalents balance, beginning of period 367,180 426,692
Cash and cash equivalents balance, end of period 282,385 410,236
Supplemental disclosures of cash flow:    
Income taxes $ 24,024 $ 254,304