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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Cash flow provided by (used in) operating activities:    
Net income $ 926,535 $ 645,964
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 54,249 53,267
Stock-based compensation 21,290 19,258
Income (Loss) from unconsolidated entities (20,813) (27,954)
Distributions of earnings from unconsolidated entities 69,107 31,182
Deferred tax (benefit) provision 5,764 10,659
Impairment charges and write offs 40,137 17,473
Other 3,037 3,761
Changes in operating assets and liabilities    
Inventory (165,152) (1,288,029)
Origination of mortgage loans (1,137,893) (1,390,630)
Sale of mortgage loans 1,248,621 1,513,603
Receivables, prepaid expenses and other assets (34,667) 32,114
Current income taxes, net (133,983) (30,361)
Customer deposits, net (26,384) 96,425
Accounts payable and accrued expenses (174,815) 66,637
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 675,033 (246,631)
Cash flow (used in) provided by investing activities:    
Purchase of property, construction and office equipment - net (54,100) (56,485)
Investments in and advances to unconsolidated entities (162,576) (176,592)
Return of investments in unconsolidated entities 74,006 109,645
Proceeds from the sale of assets 9,041 28,309
Other 0 194
Net Cash (Used in) Provided By Investing Activities, Continuing Operations (133,629) (94,929)
Cash flow used in financing activities:    
Proceeds from loans payable 2,413,016 2,950,869
Debt issuance costs (5,324) 0
Principal payments of loans payable (2,603,645) (3,009,301)
Redemption of senior notes (400,000) (409,856)
(Payments) proceeds from stock-based benefit plans 47,091 (1,407)
Purchase of treasury stock (239,320) (383,886)
Dividends paid (69,070) (66,948)
Payments related to noncontrolling interests - net 0 (25,766)
Net Cash Used in Financing Activities, Continuing Operations (857,252) (946,295)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect (315,848) (1,287,855)
Cash, Cash Equivalents, and Restricted Cash , beginning of period 1,398,550 1,684,412
Cash, Cash Equivalents, and Restricted Cash, end of period $ 1,082,702 $ 396,557