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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Cash flow (used in) provided by operating activities:    
Net income $ 243,917 $ 195,054
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 12,520 12,123
Stock-based compensation 15,347 15,585
Income (Loss) from unconsolidated entities (41,444) (92,349)
Distributions of earnings from unconsolidated entities 39,508 108,864
Income from foreclosed real estate and distressed loans (1,026) (4,018)
Deferred tax (benefit) provision (29,886) 3,816
Deferred tax valuation allowances 262
Inventory impairments and write-offs 17,685 8,917
Other 754 2,501
Changes in operating assets and liabilities    
Increase in inventory (540,898) (190,125)
Origination of mortgage loans (575,285) (513,836)
Sale of mortgage loans 594,933 671,899
Decrease in restricted cash and investments 1,321 12,445
(Increase) decrease in receivables, prepaid expenses and other assets (97,388) 56,034
Increase in customer deposits 40,505 57,405
Decrease in accounts payable and accrued expenses 14,204 (128,634)
Decrease in income taxes payable (19,714) 27,117
Net Cash (Used in) Provided by Operating Activities, Continuing Operations (324,947) 243,060
Cash flow provided by (used in) investing activities:    
Purchase of property and equipment - net (6,501) (11,709)
Investments in and advances to unconsolidated entities (10,800) (113,515)
Return of investments in unconsolidated entities 54,315 98,087
Investment in distressed loans and foreclosed real estate (195) (513)
Return of investments in distressed loans and foreclosed real estate 3,122 4,376
Acquisition of a business, net of cash acquired (85,183)
Net Cash Provided By (Used In) Investing Activities, Continuing Operations 39,941 (90,408)
Cash flow provided by (used in) financing activities:    
Proceeds from issuance of senior notes 400,000 300,000
Debt issuance costs for senior notes (3,410) (2,830)
Proceeds from loans payable 1,238,283 769,454
Principal payments of loans payable (1,276,148) (1,173,880)
Proceeds from stock-based benefit plans 9,133 40,628
Purchase of treasury stock (291,478) (15,422)
Dividends paid (29,090) (13,051)
Net Cash Provided By (Used in) Financing Activities, Continuing Operations 47,290 (95,101)
Net increase (decrease) in cash and cash equivalents (237,716) 57,551
Cash and cash equivalents, beginning of period 712,829 633,715
Cash and cash equivalents, end of period $ 475,113 $ 691,266