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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Oct. 31, 2017
Cash flow provided by operating activities:      
Net income $ 590,007 $ 748,151 $ 535,495
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 72,149 25,259 25,361
Stock-based compensation 26,180 28,312 28,466
Income from unconsolidated entities (24,868) (85,240) (116,066)
Distributions of earnings from unconsolidated entities 31,799 86,099 134,291
Income from distressed loans and foreclosed real estate (947) (1,551) (4,937)
Deferred tax provision 102,764 (21,930) 217,864
Change in deferred tax valuation allowances (32,154)
Inventory impairments and write-offs 42,360 35,156 14,794
Gain (Loss) on Disposition of Business (36,277)
Other (1,042) 3,111 1,395
Changes in operating assets and liabilities      
Decrease (increase) in inventory (40,236) (143,598) 129,666
Origination of mortgage loans (1,611,496) (1,449,494) (1,217,274)
Sale of mortgage loans 1,565,944 1,410,627 1,332,207
(Increase) decrease in receivables, prepaid expenses and other assets (185,261) (99,604) (60,944)
Increase in Income Taxes Receivable (20,791)
Increase in customer deposits 14,041 (718) 37,967
Increase (decrease) in accounts payable and accrued expenses (64,518) 57,927 (140,463)
Increase (decrease) in income taxes payable (22,147) (4,296) (23,970)
Net cash provided by (used in) operating activities 437,661 588,211 861,698
Cash flow provided by (used in) investing activities:      
Purchase of property and equipment - net (86,971) (28,232) (28,872)
Sale and redemption of marketable securities and restricted investments - net 18,049
Investment in unconsolidated entities (56,560) (27,491) (122,334)
Return of investments in unconsolidated entities 147,927 133,190 195,505
Investment in foreclosed real estate and distressed loans (731) (966) (710)
Return of investments in foreclosed real estate and distressed loans 3,147 4,765 13,765
Proceeds from Sale of Productive Assets 79,647
Acquisition of a business, net of cash acquired (162,373) (83,088)
Net cash (used in) provided by investing activities (75,914) 81,266 (7,685)
Cash flow (used in) provided by financing activities:      
Proceeds from issuance of senior notes 400,000 400,000 455,483
Proceeds from loans payable 2,699,028 2,630,835 1,621,043
Debt issuance costs (6,180) (3,531) (4,449)
Repayments of Notes Payable (2,471,616) (2,690,164) (1,999,357)
Repayments of senior notes (600,000) (687,500)
(Payments) proceeds from stock-based benefit plans 17,369 13,392 66,000
Purchase of treasury stock (233,523) (503,159) (290,881)
Payments of Dividends (63,641) (61,704) (38,587)
Receipts (payments) related to noncontrolling interest, net 49 30
Net cash provided by (used in) financing activities (258,514) (214,301) (878,248)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect 103,233 455,176 (24,235)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period 1,216,410 761,234 785,469
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period $ 1,319,643 $ 1,216,410 $ 761,234