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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Apr. 30, 2021
Apr. 30, 2020
Cash flows from operating activities:        
Net income (loss) $ 488,676 $ 4,079 $ 507,635 $ (5,069)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation     2,822 2,542
Compensation from stock options and awards     1,753 (204)
Amortization of bond discounts, premiums and deferred financing costs     534 1,442
Gain on sale and retirement of property and assets     (14) (24)
Income from unconsolidated joint ventures (2,641) (6,221) (4,557) (7,761)
Distributions of earnings from unconsolidated joint venture     5,397 14,935
Gain on extinguishment of debt 0 174 0 (9,282)
Noncontrolling interest in consolidated joint ventures     190 33
Inventory impairment and land option write-offs     1,958 3,838
(Increase) decrease in assets:        
Origination of mortgage loans     (728,674) (562,842)
Sale of mortgage loans     706,446 653,979
Receivables, prepaids, deposits and other assets     2,541 17,345
Inventories     (63,056) 150
Deferred tax assets     (459,186) 0
(Decrease) increase in liabilities:        
State income tax payable     (1,244) 616
Customers’ deposits     17,644 (745)
Accounts payable, accrued interest and other accrued liabilities     25,271 (29,234)
Net cash provided by operating activities     15,460 79,719
Cash flows from investing activities:        
Proceeds from sale of property and assets     15 31
Purchase of property, equipment, and other fixed assets and acquisitions     (2,461) (1,867)
Investment in and advances to unconsolidated joint ventures     (29,578) (19,924)
Distributions of capital from unconsolidated joint ventures     19,596 441
Net cash used in investing activities     (12,428) (21,319)
Cash flows from financing activities:        
Proceeds from mortgages and notes     121,340 139,861
Payments related to mortgages and notes     (143,115) (132,352)
Proceeds from model sale leaseback financing programs     2,738 3,307
Payments related to model sale leaseback financing programs     (9,879) (11,606)
Proceeds from land bank financing programs     16,494 48,260
Payments related to land bank financing programs     (50,606) (36,839)
Payments for partner distributions to consolidated joint venture     (254) 0
Net proceeds (payments) related to mortgage warehouse lines of credit     23,274 (80,813)
Net borrowings from senior secured credit facility     0 125,000
Deferred financing costs from land banking financing programs and note issuances     (844) (12,117)
Net cash (used in) provided by financing activities     (40,852) 42,701
Net (decrease) increase in cash and cash equivalents, and restricted cash and cash equivalents     (37,820) 101,101
Cash and cash equivalents, and restricted cash and cash equivalents balance, beginning of period     309,460 182,266
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period 271,640 283,367 271,640 283,367
Supplemental disclosures of cash flows:        
Interest, net of capitalized interest (see Note 3 to the Condensed Consolidated Financial Statements) 37,280 21,825 47,202 35,780
Income taxes     3,412 1,266
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period 271,640 283,367 271,640 283,367
Homebuilding [Member]        
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Inventory impairment and land option write-offs 81 1,010 1,958 3,838
Supplemental disclosures of cash flows:        
Cash and cash equivalents 218,321 232,801 218,321 232,801
Restricted cash and cash equivalents 12,753 16,052 12,753 16,052
Financial Services [Member]        
Supplemental disclosures of cash flows:        
Cash and cash equivalents 4,117 4,787 4,117 4,787
Restricted cash and cash equivalents $ 36,449 $ 29,727 $ 36,449 $ 29,727