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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Cash flow provided by (used in) operating activities:    
Net income $ 132,546 $ 241,374
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 30,285 33,314
Stock-based compensation 16,802 13,916
Income (Loss) from unconsolidated entities (7,870) (10,559)
Distributions of earnings from unconsolidated entities 16,427 13,835
Income from foreclosed real estate and distressed loans (477) (351)
Deferred tax (benefit) provision 2,309 2,557
Inventory impairments and write-offs 15,245 26,956
Gain on sales of golf club property and an office building (12,970) (13,331)
Other 604 254
Changes in operating assets and liabilities    
Increase in inventory (247,104) (215,141)
Origination of mortgage loans (745,847) (673,032)
Sale of mortgage loans 823,354 720,231
(Increase) decrease in receivables, prepaid expenses and other assets (173,249) (94,837)
Increase (Decrease) in Income Taxes Receivable (11,815)
Increase in customer deposits, net 33,271 28,726
Decrease in accounts payable and accrued expenses (62,647) (142,959)
Decrease in income taxes payable (16,631)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations (191,136) (85,678)
Cash flow (used in) provided by investing activities:    
Purchase of property and equipment - net (50,757) (44,941)
Investments in and advances to unconsolidated entities (10,263) (31,560)
Return of investments in unconsolidated entities 34,884 70,465
Investment in distressed loans and foreclosed real estate (272) (522)
Return of investments in distressed loans and foreclosed real estate 1,431 1,214
Proceeds from sales of golf club property and an office building 15,617 33,539
Acquisition of a business (60,349)
Net Cash (Used in) Provided By Investing Activities, Continuing Operations (69,709) 28,195
Cash flow used in financing activities:    
Proceeds from loans payable 2,732,493 1,339,641
Debt issuance costs for loans payable (1,948)
Repayments of loans payable (2,354,113) (1,131,795)
Redemption of senior notes (350,000)
(Payments) proceeds from stock-based benefit plans 5,305 1,302
Purchase of treasury stock (633,553) (25,244)
Dividends paid (28,783) (32,434)
Proceeds from (Payments to) Noncontrolling Interests (936) 13
Net Cash Used in Financing Activities, Continuing Operations (279,587) (200,465)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect (540,432) (257,948)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period 1,319,643 1,182,939
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period $ 779,211 $ 924,991