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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Oct. 31, 2016
Cash flow provided by operating activities:      
Net income $ 748,151 $ 535,495 $ 382,095
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 25,259 25,361 23,121
Stock-based compensation 28,312 28,466 26,679
Income from unconsolidated entities (85,240) (116,066) (40,748)
Distributions of earnings from unconsolidated entities 86,099 134,291 15,287
Income from distressed loans and foreclosed real estate (1,551) (4,937) (8,390)
Deferred tax provision (21,930) 217,864 19,252
Change in deferred tax valuation allowances (32,154) 1,018
Inventory impairments and write-offs 35,156 14,794 13,807
Other 3,111 1,395 (1,739)
Changes in operating assets and liabilities      
Decrease (increase) in inventory (143,598) 129,666 (391,178)
Origination of mortgage loans (1,449,494) (1,217,274) (1,275,047)
Sale of mortgage loans 1,410,627 1,332,207 1,150,156
(Increase) decrease in receivables, prepaid expenses and other assets (85,414) 42,405 (321,847)
Increase in customer deposits (718) 37,967 27,838
Increase (decrease) in accounts payable and accrued expenses 57,927 (140,463) 524,553
Increase (decrease) in income taxes payable (4,296) (23,970) 6,028
Net cash provided by (used in) operating activities 602,401 965,047 150,885
Cash flow provided by (used in) investing activities:      
Purchase of property and equipment - net (28,232) (28,872) (28,426)
Sale and redemption of marketable securities and restricted investments - net 18,049 10,000
Investment in unconsolidated entities (27,491) (122,334) (69,655)
Return of investments in unconsolidated entities 133,190 195,505 47,806
Investment in foreclosed real estate and distressed loans (966) (710) (1,133)
Return of investments in foreclosed real estate and distressed loans 4,765 13,765 49,619
Acquisition of a business, net of cash acquired (83,088)
Net cash (used in) provided by investing activities 81,266 (7,685) 8,211
Cash flow (used in) provided by financing activities:      
Proceeds from issuance of senior notes 400,000 455,483
Proceeds from loans payable 2,630,835 1,621,043 2,443,496
Debt issuance costs (3,531) (4,449) (4,903)
Principal payments of loans payable (2,690,164) (1,999,357) (2,497,585)
Repayments of senior notes (687,500)
Proceeds from stock-based benefit plans 13,392 66,000 6,986
Purchase of treasury stock (503,159) (290,881) (392,772)
Payments of Dividends (61,704) (38,587)
Receipts (payments) related to noncontrolling interest, net 30 404
Net cash provided by (used in) financing activities (214,301) (878,248) (444,374)
Net increase (decrease) in cash and cash equivalents 469,366 79,114 (285,278)
Cash and cash equivalents, beginning of period 712,829 633,715 918,993
Cash and cash equivalents, end of period $ 1,182,195 $ 712,829 $ 633,715