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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Oct. 31, 2019
Cash flow provided by operating activities:      
Net income $ 833,627 $ 446,624 $ 590,007
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 76,250 68,873 72,149
Stock-based compensation 23,187 24,326 26,180
Income from unconsolidated entities (74,035) (948) (24,868)
Distributions of earnings from unconsolidated entities 83,118 27,236 31,799
Deferred tax provision 11,815 97,780 102,764
Inventory impairments and write-offs 26,535 55,883 42,360
Gain on sale of assets (38,706) (12,970) (36,277)
Other (406) (3,774) (1,989)
Expenses related to early retirement of debt 35,211 0 0
Changes in operating assets and liabilities:      
Inventory (196,227) 352,858 (40,236)
Origination of mortgage loans (2,178,468) (1,815,824) (1,611,496)
Sale of mortgage loans 2,159,827 1,806,278 1,565,944
Receivables, prepaid expenses, and other assets 135,806 (176,293) (185,261)
Income taxes receivable 23,675 (2,884) (20,791)
Customer deposits – net 165,637 70,423 14,041
Accounts payable and accrued expenses 214,825 71,835 (64,518)
Income taxes payable 1,456 (1,306) (22,147)
Net cash provided by operating activities 1,303,127 1,008,117 437,661
Cash flow used in investing activities:      
Purchase of property, construction, and office equipment – net (66,878) (109,564) (86,971)
Investments in unconsolidated entities (221,932) (71,650) (56,560)
Return of investments in unconsolidated entities 203,504 47,403 147,927
Proceeds from the sale of assets 80,418 15,617 79,647
Business acquisitions 0 (60,349) (162,373)
Payments for (Proceeds from) Other Investing Activities (652) (698) (2,416)
Net cash used in investing activities (4,236) (177,845) (75,914)
Cash flow used in financing activities:      
Proceeds from issuance of senior notes 0 0 400,000
Proceeds from loans payable 3,158,033 4,027,152 2,699,028
Debt issuance costs 0 0 (6,180)
Principal payments of loans payable (3,425,065) (4,112,956) (2,471,616)
Redemption of senior notes (294,168) 0 (600,000)
Proceeds from stock-based benefit plans, net 10,487 24,856 17,369
Purchase of treasury stock (378,256) (634,057) (233,523)
Dividends paid (76,623) (56,588) (63,641)
(Payments) receipts related to noncontrolling interest, net (5,491) (1,718) 49
Net cash used in financing activities (1,011,083) (753,311) (258,514)
Net increase in cash, cash equivalents, and restricted cash 287,808 76,961 103,233
Cash, cash equivalents, and restricted cash, beginning of period 1,396,604 1,319,643 1,216,410
Cash, cash equivalents, and restricted cash, end of period $ 1,684,412 $ 1,396,604 $ 1,319,643