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CONDENSED CONSOLIDATED BALANCE SHEETS (Current Period Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2024
Oct. 31, 2023
Inventories:    
Deferred tax assets, net $ 279,704 $ 302,833
Total assets 2,317,646 2,492,940
LIABILITIES AND EQUITY    
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) 932,957 1,051,491
Income taxes payable 0 1,861
Total liabilities 1,670,600 1,911,151
Hovnanian Enterprises, Inc. stockholders' equity:    
Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at April 30, 2024 and October 31, 2023 135,299 135,299
Paid in capital - common stock 747,001 735,946
Accumulated deficit (87,795) (157,197)
Treasury stock - at cost – 1,007,426 shares of Class A common stock at April 30, 2024 and 901,379 shares at October 31, 2023; 27,669 shares of Class B common stock at April 30, 2024 and October 31, 2023 (147,529) (132,382)
Total Hovnanian Enterprises, Inc. stockholders’ equity 647,046 581,736
Noncontrolling interest in consolidated joint ventures 0 53
Total equity 647,046 581,789
Total liabilities and equity 2,317,646 2,492,940
Common Class A [Member]    
Hovnanian Enterprises, Inc. stockholders' equity:    
Common stock 63 62
Common Class B [Member]    
Hovnanian Enterprises, Inc. stockholders' equity:    
Common stock 7 8
Home Building [Member]    
ASSETS    
Cash and cash equivalents 181,966 434,119
Restricted cash and cash equivalents 8,370 8,431
Inventories:    
Sold and unsold homes and lots under development 1,135,232 998,841
Land and land options held for future development or sale 138,641 125,587
Consolidated inventory not owned 143,185 224,758
Total inventories 1,417,058 1,349,186
Investments in and advances to unconsolidated joint ventures 150,674 97,886
Receivables, deposits and notes, net 24,975 27,982
Property and equipment, net 39,593 33,946
Prepaid expenses and other assets 72,747 69,886
Total assets excluding deferred tax assets, net 1,895,383 2,021,436
LIABILITIES AND EQUITY    
Nonrecourse mortgages secured by inventory, net of debt issuance costs 85,557 91,539
Accounts payable and other liabilities 379,367 415,480
Customers’ deposits 45,619 51,419
Liabilities from inventory not owned, net of debt issuance costs 86,618 124,254
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) 932,957 1,051,491
Accrued interest 18,220 26,926
Total liabilities excluding income taxes payable 1,548,338 1,761,109
Financial Services [Member]    
Inventories:    
Total assets excluding deferred tax assets, net 142,559 168,671
LIABILITIES AND EQUITY    
Total liabilities excluding income taxes payable $ 122,262 $ 148,181