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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Cash flow used in operating activities:    
Net income $ 343,617 $ 267,717
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 18,423 16,838
Stock-based compensation 22,088 21,006
Excess tax benefits from stock-based compensation (1,172) (1,131)
Income (Loss) from unconsolidated entities (112,274) (22,754)
Distributions of earnings from unconsolidated entities 125,138 14,615
Income from distressed loans and foreclosed real estate (4,287) (1,593)
Deferred tax provision (benefit) 59,266 (9,807)
Deferred tax valuation allowances (32,154) 506
Inventory impairments and write-offs 11,314 11,353
Other 2,299 (669)
Changes in operating assets and liabilities    
Increase in inventory (228,887) (667,539)
Origination of mortgage loans (821,265) (826,058)
Sale of mortgage loans 979,625 780,508
(Increase) decrease in restricted cash and investments 30,510 (26,388)
(Increase) decrease in receivables, prepaid expenses and other assets 46,941 (11,108)
Increase in customer deposits 64,252 43,407
(Decrease) increase in accounts payable and accrued expenses (133,845) 38,073
Increase (decrease) in income taxes payable 55,273 47,771
Net Cash Used in Operating Activities, Continuing Operations 424,862 (325,253)
Cash flow provided by investing activities:    
Purchase of property and equipment - net (22,401) (23,280)
Sale and redemption of marketable securities 10,000
Investment in and advances to unconsolidated entities (119,714) (40,627)
Return of investments in unconsolidated entities 139,346 34,769
Investment in distressed loans and foreclosed real estate (688) (964)
Return of investments in distressed loans and foreclosed real estate 12,429 34,601
Acquisition of a business, net of cash acquired (85,183)
Net Cash Provided By Investing Activities, Continuing Operations (76,211) 14,499
Cash flow (used in) provided by financing activities:    
Proceeds from issuance of senior notes 455,483
Debt issuance costs for senior notes (4,446) (35)
Proceeds from loans payable 1,083,472 1,756,528
Debt issuance costs for loans payable (3,936)
Principal payments of loans payable (1,513,078) (1,688,087)
Proceeds from stock-based benefit plans 57,958 5,336
Excess Tax Benefit from Share-based Compensation, Financing Activities 1,172 1,131
Purchase of treasury stock (90,716) (327,612)
Dividends paid (26,016)
(Payments) receipts related to noncontrolling interest, net 290
Net Cash Used in Financing Activities, Continuing Operations (36,171) (256,385)
Net increase (decrease) in cash and cash equivalents 312,480 (567,139)
Cash and cash equivalents, beginning of period 633,715 918,993
Cash and cash equivalents, end of period $ 946,195 $ 351,854