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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Cash flow provided by (used in) operating activities:    
Net income $ 247,307 $ 387,692
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 46,700 51,423
Stock-based compensation 20,636 19,351
Income (Loss) from unconsolidated entities (5,304) (17,759)
Distributions of earnings from unconsolidated entities 17,996 25,919
Income from foreclosed real estate and distressed loans (602) (487)
Deferred tax (benefit) provision 14,804 7,045
Inventory impairments and write-offs 21,934 31,636
Gain on sales of golf club property and an office building (12,970) (13,331)
Other 44 (536)
Changes in operating assets and liabilities    
Increase in inventory (124,235) (264,965)
Origination of mortgage loans (1,191,066) (1,074,392)
Sale of mortgage loans 1,250,109 1,078,105
(Increase) decrease in receivables, prepaid expenses and other assets (172,790) (155,843)
Decrease in Income Taxes Receivable 11,552
Increase in customer deposits, net 47,222 44,726
Decrease in accounts payable and accrued expenses (29,742) (109,775)
Increase in income taxes payable 13,652
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 141,595 22,461
Cash flow (used in) provided by investing activities:    
Purchase of property and equipment - net (75,001) (61,278)
Investments in and advances to unconsolidated entities (47,310) (43,260)
Return of investments in unconsolidated entities 42,639 112,373
Investment in distressed loans and foreclosed real estate (866) (602)
Return of investments in distressed loans and foreclosed real estate 1,751 1,649
Proceeds from sales of golf club property and an office building 15,617 33,539
Acquisition of a business (60,349) (92,840)
Net Cash (Used in) Provided By Investing Activities, Continuing Operations (123,519) (50,419)
Cash flow used in financing activities:    
Proceeds from loans payable 3,250,010 1,940,998
Debt issuance costs for loans payable (1,948)
Repayments of loans payable (3,334,431) (1,696,827)
Redemption of senior notes (350,000)
(Payments) proceeds from stock-based benefit plans 11,252 5,441
Purchase of treasury stock (633,873) (167,474)
Dividends paid (42,650) (48,140)
Proceeds from (Payments to) Noncontrolling Interests (1,935) 49
Net Cash Used in Financing Activities, Continuing Operations (751,627) (317,901)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect (733,551) (345,859)
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 $ 586,092 $ 837,080