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Revised Supplemental Guarantor Information (Tables) | 12 Months Ended
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Oct. 31, 2012
Supplemental Guarantor Information [Abstract] |
Summary financial information of new guarantors [Table Text Block] | Summary financial information related to the transfer of certain Non-Guarantor Subsidiaries to Guarantor Subsidiaries and the reclassification of guarantor and non-guarantor intercompany advances and equity balances, resulting in a decrease in Non-Guarantor Subsidiaries amounts, is presented below (amounts in thousands).
| October 31, 2012 |  | October 31, 2011
Inventory | $ | 168,218 |  |  | $ | 429,130 |
Investments in and advances to unconsolidated entities | $ | 110,014 |  |  | $ | — |
Total assets | $ | 282,638 |  |  | $ | 463,592 |
Loans payable | $ | 30,424 |  |  | $ | 44,562 |
Intercompany advances | $ | 239,301 |  |  | $ | 248,429 |
Total liabilities | $ | 277,741 |  |  | $ | 366,184 |
Equity | $ | 4,897 |  |  | $ | 97,408 |
| For the years ended October 31,
| 2012 |  | 2011 |  | 2010
Revenue | $ | 22,269 |  |  | $ | 56,999 |  |  | $ | 51,867 |
Operating income (loss) | $ | 6,923 |  |  | $ | (4,830 | ) |  | $ | (13,292 | )
Income (loss) before income taxes | $ | 3,545 |  |  | $ | (31,927 | ) |  | $ | 1,272 |
Supplemental statement of cash flow reconciliation [Table Text Block] | Following are reconciliations of the amounts previously reported to the revised amounts as stated in the following components of the revised consolidating statements of cash flows for the years ended October 31, 2012, 2011 and 2010. For the year ended October 31, 2012
| As Previously Reported |  | Reclassification of intercompany activity |  | Change in status from Non-Guarantor to Guarantor |  | As Revised
Cash flow (used in) provided by operating activities: |  |  |  |  |  |  |
Net cash (used in) provided by operating activities |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | (39,018 | ) |  | $ | 43,383 |  |  | $ | — |  |  | $ | 4,365 |
Subsidiary Issuer | $ | (578,696 | ) |  | $ | 584,260 |  |  | $ | — |  |  | $ | 5,564 |
Guarantor Subsidiaries | $ | 243,789 |  |  | $ | (460,632 | ) |  | $ | 109,684 |  |  | $ | (107,159 | )
Non-Guarantor Subsidiaries | $ | 204,963 |  |  | $ | (164,302 | ) |  | $ | (109,684 | ) |  | $ | (69,023 | )
Elimination | $ | — |  |  | $ | (2,709 | ) |  | $ | — |  |  | $ | (2,709 | )
Cash flow (used in) provided by investing activities: |  |  |  |  |  |  |
Intercompany advances |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | — |  |  | $ | (43,383 | ) |  | $ | — |  |  | $ | (43,383 | )
Subsidiary Issuer | $ | — |  |  | $ | (584,260 | ) |  | $ | — |  |  | $ | (584,260 | )
Guarantor Subsidiaries | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Non-Guarantor Subsidiaries | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Elimination | $ | — |  |  | $ | 627,643 |  |  | $ | — |  |  | $ | 627,643 |
Net cash used in investing activities |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | — |  |  | $ | (43,383 | ) |  | $ | — |  |  | $ | (43,383 | )
Subsidiary Issuer | $ | — |  |  | $ | (584,260 | ) |  | $ | — |  |  | $ | (584,260 | )
Guarantor Subsidiaries | $ | (280,914 | ) |  | $ | — |  |  | $ | (109,145 | ) |  | $ | (390,059 | )
Non-Guarantor Subsidiaries | $ | (282,207 | ) |  | $ | — |  |  | $ | 109,145 |  |  | $ | (173,062 | )
Elimination | $ | — |  |  | $ | 627,643 |  |  | $ | — |  |  | $ | 627,643 |
Cash flow provided by (used in) financing activities: |  |  |  |  |  |  |
Intercompany advances |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Subsidiary Issuer | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Guarantor Subsidiaries | $ | — |  |  | $ | 460,632 |  |  | $ | — |  |  | $ | 460,632 |
Non-Guarantor Subsidiaries | $ | — |  |  | $ | 164,302 |  |  | $ | — |  |  | $ | 164,302 |
Elimination | $ | — |  |  | $ | (624,934 | ) |  | $ | — |  |  | $ | (624,934 | )
Net cash used in financing activities |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | 39,018 |  |  | $ | — |  |  | $ | — |  |  | $ | 39,018 |
Subsidiary Issuer | $ | 578,696 |  |  | $ | — |  |  | $ | — |  |  | $ | 578,696 |
Guarantor Subsidiaries | $ | (26,800 | ) |  | $ | 460,632 |  |  | $ | (1,602 | ) |  | $ | 432,230 |
Non-Guarantor Subsidiaries | $ | 13,653 |  |  | $ | 164,302 |  |  | $ | 1,602 |  |  | $ | 179,557 |
Elimination | $ | — |  |  | $ | (624,934 | ) |  | $ | — |  |  | $ | (624,934 | )
For the year ended October 31, 2011
| As Previously Reported |  | Reclassification of intercompany activity |  | Change in status from Non-Guarantor to Guarantor |  | As Revised
Cash flow provided by (used in) operating activities: |  |  |  |  |  |  |
Net cash provided by (used in) operating activities |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | 23,571 |  |  | $ | 76,997 |  |  | $ | — |  |  | $ | 100,568 |
Subsidiary Issuer | $ | 58,837 |  |  | $ | (53,558 | ) |  | $ | — |  |  | $ | 5,279 |
Guarantor Subsidiaries | $ | (116,596 | ) |  | $ | (118,133 | ) |  | $ | 5,981 |  |  | $ | (228,748 | )
Non-Guarantor Subsidiaries | $ | 87,038 |  |  | $ | 94,686 |  |  | $ | (5,981 | ) |  | $ | 175,743 |
Elimination | $ | — |  |  | $ | 8 |  |  | $ | — |  |  | $ | 8 |
Cash flow (used in) provided by investing activities: |  |  |  |  |  |  |
Intercompany advances |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | — |  |  | $ | (76,997 | ) |  | $ | — |  |  | $ | (76,997 | )
Subsidiary Issuer | $ | — |  |  | $ | 53,558 |  |  | $ | — |  |  | $ | 53,558 |
Guarantor Subsidiaries | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Non-Guarantor Subsidiaries | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Elimination | $ | — |  |  | $ | 23,439 |  |  | $ | — |  |  | $ | 23,439 |
Net cash (used in) provided by investing activities |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | — |  |  | $ | (76,997 | ) |  | $ | — |  |  | $ | (76,997 | )
Subsidiary Issuer | $ | — |  |  | $ | 53,558 |  |  | $ | — |  |  | $ | 53,558 |
Guarantor Subsidiaries | $ | (26,902 | ) |  | $ | — |  |  | $ | 536 |  |  | $ | (26,366 | )
Non-Guarantor Subsidiaries | $ | (47,568 | ) |  | $ | — |  |  | $ | (536 | ) |  | $ | (48,104 | )
Elimination | $ | — |  |  | $ | 23,439 |  |  | $ | — |  |  | $ | 23,439 |
Cash flow (used in) provided by financing activities: |  |  |  |  |  |  |
Intercompany advances |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Subsidiary Issuer | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Guarantor Subsidiaries | $ | — |  |  | $ | 118,133 |  |  | $ | — |  |  | $ | 118,133 |
Non-Guarantor Subsidiaries | $ | — |  |  | $ | (94,686 | ) |  | $ | — |  |  | $ | (94,686 | )
Elimination | $ | — |  |  | $ | (23,447 | ) |  | $ | — |  |  | $ | (23,447 | )
Net cash (used in) provided by financing activities |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | (23,571 | ) |  | $ | — |  |  | $ | — |  |  | $ | (23,571 | )
Subsidiary Issuer | $ | (58,837 | ) |  | $ | — |  |  | $ | — |  |  | $ | (58,837 | )
Guarantor Subsidiaries | $ | (11,589 | ) |  | $ | 118,133 |  |  | $ | (4,823 | ) |  | $ | 101,721 |
Non-Guarantor Subsidiaries | $ | (17,103 | ) |  | $ | (94,686 | ) |  | $ | 4,823 |  |  | $ | (106,966 | )
Elimination | $ | — |  |  | $ | (23,447 | ) |  | $ | — |  |  | $ | (23,447 | )
For the year ended October 31, 2010
| As Previously Reported |  | Reclassification of intercompany activity |  | Change in status from Non-Guarantor to Guarantor |  | As Revised
Cash flow (used in) provided by operating activities: |  |  |  |  |  |  |
Net cash (used in) provided by operating activities |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | (11,955 | ) |  | $ | 53,778 |  |  | $ | — |  |  | $ | 41,823 |
Subsidiary Issuer | $ | 46,114 |  |  | $ | (36,428 | ) |  | $ | — |  |  | $ | 9,686 |
Guarantor Subsidiaries | $ | (228,164 | ) |  | $ | 170,607 |  |  | $ | 61,564 |  |  | $ | 4,007 |
Non-Guarantor Subsidiaries | $ | 47,721 |  |  | $ | (187,656 | ) |  | $ | (61,564 | ) |  | $ | (201,499 | )
Elimination | $ | — |  |  | $ | (301 | ) |  | $ | — |  |  | $ | (301 | )
Cash flow (used in) provided by investing activities: |  |  |  |  |  |  |
Intercompany advances |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | — |  |  | $ | (53,778 | ) |  | $ | — |  |  | $ | (53,778 | )
Subsidiary Issuer | $ | — |  |  | $ | 36,428 |  |  | $ | — |  |  | $ | 36,428 |
Guarantor Subsidiaries | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Non-Guarantor Subsidiaries | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Elimination | $ | — |  |  | $ | 17,350 |  |  | $ | — |  |  | $ | 17,350 |
Net cash (used in) provided by investing activities |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | — |  |  | $ | (53,778 | ) |  | $ | — |  |  | $ | (53,778 | )
Subsidiary Issuer | $ | — |  |  | $ | 36,428 |  |  | $ | — |  |  | $ | 36,428 |
Guarantor Subsidiaries | $ | (121,509 | ) |  | $ | — |  |  | $ | (751 | ) |  | $ | (122,260 | )
Non-Guarantor Subsidiaries | $ | (29,873 | ) |  | $ | — |  |  | $ | 751 |  |  | $ | (29,122 | )
Elimination | $ | — |  |  | $ | 17,350 |  |  | $ | — |  |  | $ | 17,350 |
Cash flow (used in) provided by financing activities: |  |  |  |  |  |  |
Intercompany advances |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Subsidiary Issuer | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Guarantor Subsidiaries | $ | — |  |  | $ | (170,607 | ) |  | $ | — |  |  | $ | (170,607 | )
Non-Guarantor Subsidiaries | $ | — |  |  | $ | 187,656 |  |  | $ | — |  |  | $ | 187,656 |
Elimination | $ | — |  |  | $ | (17,049 | ) |  | $ | — |  |  | $ | (17,049 | )
Net cash (used in) provided by financing activities |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | 11,955 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,955 |
Subsidiary Issuer | $ | (46,114 | ) |  | $ | — |  |  | $ | — |  |  | $ | (46,114 | )
Guarantor Subsidiaries | $ | (420,291 | ) |  | $ | (170,607 | ) |  | $ | (62,214 | ) |  | $ | (653,112 | )
Non-Guarantor Subsidiaries | $ | (16,542 | ) |  | $ | 187,656 |  |  | $ | 62,214 |  |  | $ | 233,328 |
Elimination | $ | — |  |  | $ | (17,049 | ) |  | $ | — |  |  | $ | (17,049 | )
Senior Notes issued by Subsidiary Issuer [Table Text Block] | A 100% owned subsidiary of the Company, Toll Brothers Finance Corp. (the “Subsidiary Issuer”), has issued the following Senior Notes (amounts in thousands):
| Original Amount Issued |  | Amount outstanding at October 31, 2012
6.875% Senior Notes due 2012 | $ | 300,000 |  |  | $ | 59,068 |
5.95% Senior Notes due 2013 | $ | 250,000 |  |  | $ | 104,785 |
4.95% Senior Notes due 2014 | $ | 300,000 |  |  | $ | 267,960 |
5.15% Senior Notes due 2015 | $ | 300,000 |  |  | $ | 300,000 |
8.91% Senior Notes due 2017 | $ | 400,000 |  |  | $ | 400,000 |
6.75% Senior Notes due 2019 | $ | 250,000 |  |  | $ | 250,000 |
5.875% Senior Notes due 2022 | $ | 419,876 |  |  | $ | 419,876 |
0.50% Exchangeable Senior Notes due 2032 | $ | 287,500 |  |  | $ | 287,500 |
Supplemental Consolidated Financial Information | Supplemental consolidating financial information of Toll Brothers, Inc., the Subsidiary Issuer, the Guarantor Subsidiaries, the Non-Guarantor Subsidiaries and the eliminations to arrive at Toll Brothers, Inc. on a consolidated basis is presented below ($ amounts in thousands). Revised Consolidating Balance Sheet at October 31, 2012
| Toll Brothers, Inc. |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | — |  |  | — |  |  | 712,024 |  |  | 66,800 |  |  | — |  |  | 778,824 |
Marketable securities |  |  |  |  | 378,858 |  |  | 60,210 |  |  |  |  | 439,068 |
Restricted cash | 28,268 |  |  |  |  | 17,561 |  |  | 1,447 |  |  |  |  | 47,276 |
Inventory |  |  |  |  | 3,695,895 |  |  | 65,292 |  |  |  |  | 3,761,187 |
Property, construction and office equipment, net |  |  |  |  | 103,206 |  |  | 3,008 |  |  |  |  | 106,214 |
Receivables, prepaid expenses and other assets | 134 |  |  | 15,130 |  |  | 79,949 |  |  | 64,543 |  |  | (11,441 | ) |  | 148,315 |
Mortgage loans receivable |  |  |  |  |  |  | 86,386 |  |  |  |  | 86,386 |
Customer deposits held in escrow |  |  |  |  | 27,312 |  |  | 2,267 |  |  |  |  | 29,579 |
Investments in and advances to unconsolidated entities |  |  |  |  | 180,159 |  |  | 150,458 |  |  |  |  | 330,617 |
Investments in non-performing loan portfolios and foreclosed real estate |  |  |  |  |  |  | 95,522 |  |  |  |  | 95,522 |
Investments in and advances to consolidated entities | 2,816,607 |  |  | 2,092,810 |  |  | 4,740 |  |  |  |  |  | (4,914,157 | ) |  | — |
Deferred tax assets, net of valuation allowances | 358,056 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 358,056 |
| 3,203,065 |  |  | 2,107,940 |  |  | 5,199,704 |  |  | 595,933 |  |  | (4,925,598 | ) |  | 6,181,044 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Loans payable |  |  |  |  | 99,817 |  |  |  |  |  |  |  | 99,817 |
Senior notes |  |  | 2,032,335 |  |  |  |  |  |  | 48,128 |  |  | 2,080,463 |
Mortgage company warehouse loan |  |  |  |  |  |  | 72,664 |  |  |  |  | 72,664 |
Customer deposits |  |  |  |  | 142,919 |  |  | 58 |  |  |  |  | 142,977 |
Accounts payable |  |  |  |  | 99,889 |  |  | 22 |  |  |  |  | 99,911 |
Accrued expenses |  |  | 27,476 |  |  | 344,555 |  |  | 115,922 |  |  | (11,603 | ) |  | 476,350 |
Advances from consolidated entities |  |  |  |  |  | 1,341,189 |  |  | 393,195 |  |  | (1,734,384 | ) |  | — |
Income taxes payable | 80,991 |  |  |  |  |  |  |  |  |  |  |  | 80,991 |
Total liabilities | 80,991 |  |  | 2,059,811 |  |  | 2,028,369 |  |  | 581,861 |  |  | (1,697,859 | ) |  | 3,053,173 |
Equity |  |  |  |  |  |  |  |  |  |  |
Stockholders’ equity |  |  |  |  |  |  |  |  |  |  |
Common stock | 1,687 |  |  |  |  | 48 |  |  | 3,006 |  |  | (3,054 | ) |  | 1,687 |
Additional paid-in capital | 404,418 |  |  | 49,400 |  |  |  |  |  | 1,734 |  |  | (51,134 | ) |  | 404,418 |
Retained earnings (deficits) | 2,721,397 |  |  | (1,271 | ) |  | 3,171,654 |  |  | 3,168 |  |  | (3,173,551 | ) |  | 2,721,397 |
Treasury stock, at cost | (983 | ) |  |  |  |  |  |  |  |  |  | (983 | )
Accumulated other comprehensive loss | (4,445 | ) |  |  |  | (367 | ) |  | (7 | ) |  |  |  |  | (4,819 | )
Total stockholders’ equity | 3,122,074 |  |  | 48,129 |  |  | 3,171,335 |  |  | 7,901 |  |  | (3,227,739 | ) |  | 3,121,700 |
Noncontrolling interest |  |  |  |  |  |  | 6,171 |  |  |  |  | 6,171 |
Total equity | 3,122,074 |  |  | 48,129 |  |  | 3,171,335 |  |  | 14,072 |  |  | (3,227,739 | ) |  | 3,127,871 |
| 3,203,065 |  |  | 2,107,940 |  |  | 5,199,704 |  |  | 595,933 |  |  | (4,925,598 | ) |  | 6,181,044 |
Revised Consolidating Balance Sheet at October 31, 2011
| Toll Brothers, Inc. |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | — |  |  | — |  |  | 777,012 |  |  | 129,328 |  |  | — |  |  | 906,340 |
Marketable securities |  |  |  |  | 233,572 |  |  |  |  |  |  | 233,572 |
Restricted cash |  |  |  |  | 19,084 |  |  | 676 |  |  |  |  | 19,760 |
Inventory |  |  |  |  | 3,340,341 |  |  | 76,382 |  |  |  |  | 3,416,723 |
Property, construction and office equipment, net |  |  |  |  | 96,554 |  |  | 3,158 |  |  |  |  | 99,712 |
Receivables, prepaid expenses and other assets |  |  |  | 6,768 |  |  | 88,177 |  |  | 12,870 |  |  | (2,239 | ) |  | 105,576 |
Mortgage loans receivable |  |  |  |  |  |  | 63,175 |  |  |  |  | 63,175 |
Customer deposits held in escrow |  |  |  |  | 10,682 |  |  | 4,177 |  |  |  |  | 14,859 |
Investments in and advances to unconsolidated entities |  |  |  |  | 86,481 |  |  | 39,874 |  |  |  |  | 126,355 |
Investments in non-performing loan portfolios and foreclosed real estate |  |  |  |  |  |  |  |  |  | 69,174 |  |  |  |  |  | 69,174 |
Investments in and advances to consolidated entities | 2,692,715 |  |  | 1,508,550 |  |  | 4,747 |  |  |  |  |  | (4,206,012 | ) |  | — |
| 2,692,715 |  |  | 1,515,318 |  |  | 4,656,650 |  |  | 398,814 |  |  | (4,208,251 | ) |  | 5,055,246 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Loans payable |  |  |  |  | 106,556 |  |  |  |  |  |  |  | 106,556 |
Senior notes |  |  | 1,490,972 |  |  |  |  |  |  |  |  | 1,490,972 |
Mortgage company warehouse loan |  |  |  |  |  |  | 57,409 |  |  |  |  | 57,409 |
Customer deposits |  |  |  |  | 83,563 |  |  | 261 |  |  |  |  | 83,824 |
Accounts payable |  |  |  |  | 96,645 |  |  | 172 |  |  |  |  | 96,817 |
Accrued expenses |  |  | 24,346 |  |  | 383,039 |  |  | 115,947 |  |  | (2,281 | ) |  | 521,051 |
Advances from consolidated entities |  |  |  |  |  | 897,264 |  |  | 228,893 |  |  | (1,126,157 | ) |  | — |
Income taxes payable | 106,066 |  |  |  |  |  |  |  |  |  |  |  | 106,066 |
Total liabilities | 106,066 |  |  | 1,515,318 |  |  | 1,567,067 |  |  | 402,682 |  |  | (1,128,438 | ) |  | 2,462,695 |
Equity |  |  |  |  |  |  |  |  |  |  |
Stockholders’ equity |  |  |  |  |  |  |  |  |  |  |
Common stock | 1,687 |  |  |  |  | 3,054 |  |  | 2,003 |  |  | (5,057 | ) |  | 1,687 |
Additional paid-in capital | 400,382 |  |  |  |  | 1,366 |  |  | 2,734 |  |  | (4,100 | ) |  | 400,382 |
Retained earnings (deficits) | 2,234,251 |  |  |  |  | 3,085,459 |  |  | (14,803 | ) |  | (3,070,656 | ) |  | 2,234,251 |
Treasury stock, at cost | (47,065 | ) |  |  |  |  |  |  |  |  |  | (47,065 | )
Accumulated other comprehensive loss | (2,606 | ) |  |  |  | (296 | ) |  |  |  |  |  |  | (2,902 | )
Total stockholders’ equity | 2,586,649 |  |  | — |  |  | 3,089,583 |  |  | (10,066 | ) |  | (3,079,813 | ) |  | 2,586,353 |
Noncontrolling interest |  |  |  |  |  |  | 6,198 |  |  |  |  | 6,198 |
Total equity | 2,586,649 |  |  | — |  |  | 3,089,583 |  |  | (3,868 | ) |  | (3,079,813 | ) |  | 2,592,551 |
| 2,692,715 |  |  | 1,515,318 |  |  | 4,656,650 |  |  | 398,814 |  |  | (4,208,251 | ) |  | 5,055,246 |
Revised Consolidating Statement of Operations and Comprehensive Income (Loss) for the fiscal year ended October 31, 2012
| Toll Brothers, Inc. |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues |  |  |  |  | 1,903,177 |  |  | 57,581 |  |  | (77,977 | ) |  | 1,882,781 |
Cost of revenues |  |  |  |  | 1,541,937 |  |  | 10,597 |  |  | (20,439 | ) |  | 1,532,095 |
Selling, general and administrative | 95 |  |  | 2,965 |  |  | 309,923 |  |  | 38,424 |  |  | (64,150 | ) |  | 287,257 |
| 95 |  |  | 2,965 |  |  | 1,851,860 |  |  | 49,021 |  |  | (84,589 | ) |  | 1,819,352 |
Income (loss) from operations | (95 | ) |  | (2,965 | ) |  | 51,317 |  |  | 8,560 |  |  | 6,612 |  |  | 63,429 |
Other: |  |  |  |  |  |  |  |  |  |  |
Income from unconsolidated entities |  |  |  |  | 18,342 |  |  | 5,250 |  |  |  |  | 23,592 |
Other income - net | 1,327 |  |  |  |  |  | 20,032 |  |  | 10,181 |  |  | (5,619 | ) |  | 25,921 |
Intercompany interest income |  |  | 116,835 |  |  |  |  |  |  |  |  | (116,835 | ) |  | — |
Interest expense |  |  | (115,141 | ) |  |  |  |  | (701 | ) |  | 115,842 |  |  | — |
Income from consolidated subsidiaries | 111,710 |  |  |  |  | 22,019 |  |  |  |  | (133,729 | ) |  | — |
Income (loss) before income taxes | 112,942 |  |  | (1,271 | ) |  | 111,710 |  |  | 23,290 |  |  | (133,729 | ) |  | 112,942 |
Income tax (benefit) provision | (374,204 | ) |  |  |  | 25,515 |  |  | 5,319 |  |  | (30,834 | ) |  | (374,204 | )
Net income (loss) | 487,146 |  |  | (1,271 | ) |  | 86,195 |  |  | 17,971 |  |  | (102,895 | ) |  | 487,146 |
Other comprehensive loss | (1,839 | ) | Toll Brothers, Inc. (the “Company”) is filing this Amendment No.1 on Form 10-K/A (the “Form 10-K/A”) to its Annual Report on Form 10-K for the fiscal year ended October 31, 2012, filed with the Securities and Exchange Commission on December 28, 2012 (the “Original Filing”), for the purpose of revising certain financial statements and footnotes contained in Part II, Item 8 as described below, making related updates to Part II, Item 9A to address the impact of the revised financial statements and footnotes on the Chief Executive Officer and Chief Financial Officer's original conclusions regarding the effectiveness of the Company's disclosure controls and procedures and internal control over financial reporting, and making corresponding revisions to the Interactive Data File included in the Original Filing as Exhibit 101. Part IV of the Original Filing has also been amended to contain currently dated certifications, as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended, and a currently dated auditor's consent. |  |  |  | (71 | ) |  | (7 | ) |  |  |  |  | (1,917 | )
Total comprehensive income (loss) | 485,307 |  |  | (1,271 | ) |  | 86,124 |  |  | 17,964 |  |  | (102,895 | ) |  | 485,229 |
Revised Consolidating Statement of Operations and Comprehensive Income (Loss) for the fiscal year ended October 31, 2011
| Toll Brothers, Inc. |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues |  |  |  |  | 1,502,147 |  |  | 48,365 |  |  | (74,631 | ) |  | 1,475,881 |
Cost of revenues |  |  |  |  | 1,274,173 |  |  | 4,314 |  |  | (17,717 | ) |  | 1,260,770 |
Selling, general and administrative | 137 |  |  | 1,345 |  |  | 279,131 |  |  | 33,605 |  |  | (52,863 | ) |  | 261,355 |
| 137 |  |  | 1,345 |  |  | 1,553,304 |  |  | 37,919 |  |  | (70,580 | ) |  | 1,522,125 |
(Loss) income from operations | (137 | ) |  | (1,345 | ) |  | (51,157 | ) |  | 10,446 |  |  | (4,051 | ) |  | (46,244 | )
Other: |  |  |  |  |  |  |  |  |  |  |
(Loss) income from unconsolidated entities |  |  |  |  | (18,905 | ) |  | 17,711 |  |  |  |  | (1,194 | )
Other income (loss) - net |  |  |  |  |  | 15,784 |  |  | (1,359 | ) |  | 8,978 |  |  | 23,403 |
Intercompany interest income |  |  | 108,776 |  |  |  |  |  |  |  |  | (108,776 | ) |  | — |
Interest expense |  |  | (103,604 | ) |  | (1,504 | ) |  | (245 | ) |  | 103,849 |  |  | (1,504 | )
Expenses related to early retirement of debt |  |  | (3,827 | ) |  |  |  |  |  |  |  |  | (3,827 | )
(Loss) income from consolidated subsidiaries | (29,229 | ) |  |  |  | 26,553 |  |  |  |  | 2,676 |  |  | — |
(Loss) income before income taxes | (29,366 | ) |  | — |  |  | (29,229 | ) |  | 26,553 |  |  | 2,676 |  |  | (29,366 | )
Income tax (benefit) provision | (69,161 | ) |  |  |  | (68,837 | ) |  | 62,536 |  |  | 6,301 |  |  | (69,161 | )
Net income (loss) | 39,795 |  |  | — |  |  | 39,608 |  |  | (35,983 | ) |  | (3,625 | ) |  | 39,795 |
Other comprehensive loss | (1,934 | ) |  |  |  |  | (192 | ) |  |  |  |  |  |  |  | (2,126 | )
Total comprehensive income (loss) | 37,861 |  |  | — |  |  | 39,416 |  |  | (35,983 | ) |  | (3,625 | ) |  | 37,669 |
Revised Consolidating Statement of Operations and Comprehensive Income (Loss) for the fiscal year ended October 31, 2010
| Toll Brothers, Inc. |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues |  |  |  |  | 1,520,545 |  |  | 28,461 |  |  | (54,235 | ) |  | 1,494,771 |
Cost of revenues |  |  |  |  | 1,388,106 |  |  | 3,564 |  |  | (15,112 | ) |  | 1,376,558 |
Selling, general and administrative | 77 |  |  | 1,365 |  |  | 264,000 |  |  | 19,897 |  |  | (22,115 | ) |  | 263,224 |
| 77 |  |  | 1,365 |  |  | 1,652,106 |  |  | 23,461 |  |  | (37,227 | ) |  | 1,639,782 |
(Loss) income from operations | (77 | ) |  | (1,365 | ) |  | (131,561 | ) |  | 5,000 |  |  | (17,008 | ) |  | (145,011 | )
Other: |  |  |  |  |  |  |  |  |  |  |
Income from unconsolidated entities |  |  |  |  | 16,886 |  |  | 6,584 |  |  |  |  | 23,470 |
Other income - net |  |  |  |  |  | 5,890 |  |  | 3,624 |  |  | 18,799 |  |  | 28,313 |
Intercompany interest income |  |  | 108,520 |  |  |  |  |  |  |  |  | (108,520 | ) |  | — |
Interest expense |  |  | (106,411 | ) |  | (22,751 | ) |  | (318 | ) |  | 106,729 |  |  | (22,751 | )
Expenses related to early retirement of debt |  |  | (744 | ) |  | (464 | ) |  |  |  |  |  | (1,208 | )
(Loss) income from consolidated subsidiaries | (117,110 | ) |  |  |  | 14,890 |  |  |  |  | 102,220 |  |  | — |
(Loss) income before income taxes | (117,187 | ) |  | — |  |  | (117,110 | ) |  | 14,890 |  |  | 102,220 |  |  | (117,187 | )
Income tax (benefit) provision | (113,813 | ) |  |  |  | (113,739 | ) |  | 14,461 |  |  | 99,278 |  |  | (113,813 | )
Net (loss) income | (3,374 | ) |  | — |  |  | (3,371 | ) |  | 429 |  |  | 2,942 |  |  | (3,374 | )
Other comprehensive income | 1,986 |  |  |  |  |  | 74 |  |  |  |  |  |  |  |  | 2,060 |
Total comprehensive (loss) income | (1,388 | ) |  | — |  |  | (3,297 | ) |  | 429 |  |  | 2,942 |  |  | (1,314 | )
Revised Consolidating Statement of Cash Flows for the fiscal year ended October 31, 2012
| Toll Brothers, Inc. |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash (used in) provided by operating activities | 4,365 |  |  | 5,564 |  |  | (107,159 | ) |  | (69,023 | ) |  | (2,709 | ) |  | (168,962 | )
Cash flow (used in) provided by investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Purchase of property and equipment — net |  |  |  |  | (14,586 | ) |  | 91 |  |  |  |  | (14,495 | )
Purchase of marketable securities |  |  |  |  | (519,737 | ) |  | (60,221 | ) |  |  |  | (579,958 | )
Sale and redemption of marketable securities |  |  |  |  | 368,253 |  |  |  |  |  |  | 368,253 |
Investment in and advances to unconsolidated entities |  |  |  |  | (113,651 | ) |  | (103,509 | ) |  |  |  | (217,160 | )
Return of investments in unconsolidated entities |  |  |  |  | 34,408 |  |  | 3,960 |  |  |  |  | 38,368 |
Investment in non-performing loan portfolios and foreclosed real estate |  |  |  |  |  |  | (30,090 | ) |  |  |  | (30,090 | )
Return of investments in non-performing loan portfolios and foreclosed real estate |  |  |  |  |  |  | 16,707 |  |  |  |  | 16,707 |
Acquisition of a business |  |  |  |  |  |  | (144,746 | ) |  |  |  |  |  |  |  | (144,746 | )
Intercompany advances | (43,383 | ) |  | (584,260 | ) |  |  |  |  |  |  |  | 627,643 |  |  | — |
Net cash used in investing activities | (43,383 | ) |  | (584,260 | ) |  | (390,059 | ) |  | (173,062 | ) |  | 627,643 |  |  | (563,121 | )
Cash flow provided by (used in) financing activities: |  |  |  |  |  |  |  |  |  |  |
Net proceeds from issuance of senior notes |  |  | 578,696 |  |  |  |  |  |  |  |  | 578,696 |
Proceeds from loans payable |  |  |  |  |  |  | 1,002,934 |  |  |  |  | 1,002,934 |
Principal payments of loans payable |  |  |  |  | (28,402 | ) |  | (987,679 | ) |  |  |  | (1,016,081 | )
Proceeds from stock-based benefit plans | 33,747 |  |  |  |  |  |  |  |  |  |  | 33,747 |
Excess tax benefits from stock-based compensation | 5,776 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,776 |
Purchase of treasury stock | (505 | ) |  |  |  |  |  |  |  |  |  | (505 | )
Intercompany advances |  |  |  |  | 460,632 |  |  | 164,302 |  |  | (624,934 | ) |  | — |
Net cash provided by financing activities | 39,018 |  |  | 578,696 |  |  | 432,230 |  |  | 179,557 |  |  | (624,934 | ) |  | 604,567 |
Net decrease in cash and cash equivalents | — |  |  | — |  |  | (64,988 | ) |  | (62,528 | ) |  | — |  |  | (127,516 | )
Cash and cash equivalents, beginning of year | — |  |  | — |  |  | 777,012 |  |  | 129,328 |  |  | — |  |  | 906,340 |
Cash and cash equivalents, end of year | — |  |  | — |  |  | 712,024 |  |  | 66,800 |  |  | — |  |  | 778,824 |
Revised Consolidating Statement of Cash Flows for the fiscal year ended October 31, 2011
| Toll Brothers, Inc. |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided by (used in) operating activities | 100,568 |  |  | 5,279 |  |  | (228,748 | ) |  | 175,743 |  |  | 8 |  |  | 52,850 |
Cash flow (used in) provided by investing activities: |  |  |  |  |  |  |  |  |  |  |
Purchase of property and equipment — net |  |  |  |  | (6,122 | ) |  | (3,431 | ) |  |  |  | (9,553 | )
Purchase of marketable securities |  |  |  |  | (452,864 | ) |  |  |  |  |  | (452,864 | )
Sale and redemption of marketable securities |  |  |  |  | 408,831 |  |  |  |  |  |  | 408,831 |
Investment in and advances to unconsolidated entities |  |  |  |  | (70 | ) |  | (62 | ) |  |  |  | (132 | )
Return of investments in unconsolidated entities |  |  |  |  | 23,859 |  |  | 19,450 |  |  |  |  | 43,309 |
Investment in non-performing loan portfolios and foreclosed real estate |  |  |  |  |  |  | (66,867 | ) |  |  |  | (66,867 | )
Return of investments in non-performing loan portfolios and foreclosed real estate |  |  |  |  |  |  | 2,806 |  |  |  |  | 2,806 |
Intercompany advances | (76,997 | ) |  | 53,558 |  |  |  |  |  |  | 23,439 |  |  | — |
Net cash (used in) provided by investing activities | (76,997 | ) |  | 53,558 |  |  | (26,366 | ) |  | (48,104 | ) |  | 23,439 |  |  | (74,470 | )
Cash flow (used in) provided by financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from loans payable |  |  |  |  |  |  | 921,251 |  |  |  |  | 921,251 |
Principal payments of loans payable |  |  |  |  | (16,412 | ) |  | (936,209 | ) |  |  |  | (952,621 | )
Redemption of senior notes |  |  | (58,837 | ) |  |  |  |  |  |  |  | (58,837 | )
Proceeds from stock-based benefit plans | 25,531 |  |  |  |  |  |  |  |  |  |  | 25,531 |
Purchase of treasury stock | (49,102 | ) |  |  |  |  |  |  |  |  |  | (49,102 | )
Change in noncontrolling interest |  |  |  |  |  |  | 2,678 |  |  |  |  | 2,678 |
Intercompany advances |  |  |  |  | 118,133 |  |  | (94,686 | ) |  | (23,447 | ) |  | — |
Net cash (used in) provided financing activities | (23,571 | ) |  | (58,837 | ) |  | 101,721 |  |  | (106,966 | ) |  | (23,447 | ) |  | (111,100 | )
Net (decrease) increase in cash and cash equivalents | — |  |  | — |  |  | (153,393 | ) |  | 20,673 |  |  | — |  |  | (132,720 | )
Cash and cash equivalents, beginning of year | — |  |  | — |  |  | 930,405 |  |  | 108,655 |  |  | — |  |  | 1,039,060 |
Cash and cash equivalents, end of year | — |  |  | — |  |  | 777,012 |  |  | 129,328 |  |  | — |  |  | 906,340 |
Revised Consolidating Statement of Cash Flows for the fiscal year ended October 31, 2010
| Toll Brothers, Inc. |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash (used in) provided by operating activities | 41,823 |  |  | 9,686 |  |  | 4,007 |  |  | (201,499 | ) |  | (301 | ) |  | (146,284 | )
Cash flow (used in) provided by investing activities: |  |  |  |  |  |  |  |  |  |  |
Purchase of property and equipment — net |  |  |  |  | (4,826 | ) |  | (4 | ) |  |  |  | (4,830 | )
Purchase of marketable securities |  |  |  |  | (157,962 | ) |  |  |  |  |  | (157,962 | )
Sale and redemption of marketable securities |  |  |  |  | 60,000 |  |  |  |  |  |  | 60,000 |
Investment in and advances to unconsolidated entities |  |  |  |  | (29,168 | ) |  | (29,118 | ) |  |  |  | (58,286 | )
Return of investments in unconsolidated entities |  |  |  |  | 9,696 |  |  |  |  |  |  | 9,696 |
Intercompany advances | (53,778 | ) |  | 36,428 |  |  |  |  |  |  |  |  | 17,350 |  |  | — |
Net cash (used in) provided by investing activities | (53,778 | ) |  | 36,428 |  |  | (122,260 | ) |  | (29,122 | ) |  | 17,350 |  |  | (151,382 | )
Cash flow (used in) provided by financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from loans payable |  |  |  |  | 219 |  |  | 927,014 |  |  |  |  | 927,233 |
Principal payments of loans payable |  |  |  |  | (434,852 | ) |  | (881,662 | ) |  |  |  | (1,316,514 | )
Redemption of senior subordinated notes |  |  |  |  | (47,872 | ) |  |  |  |  |  | (47,872 | )
Redemption of senior notes |  |  | (46,114 | ) |  |  |  |  |  |  |  | (46,114 | )
Proceeds from stock-based benefit plans | 7,589 |  |  |  |  |  |  |  |  |  |  | 7,589 |
Excess tax benefits from stock-based compensation | 4,954 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,954 |
Purchase of treasury stock | (588 | ) |  |  |  |  |  |  |  |  |  | (588 | )
Change in noncontrolling interest |  |  |  |  |  |  | 320 |  |  |  |  | 320 |
Intercompany advances |  |  |  |  | (170,607 | ) |  | 187,656 |  |  | (17,049 | ) |  | — |
Net cash (used in) provided by financing activities | 11,955 |  |  | (46,114 | ) |  | (653,112 | ) |  | 233,328 |  |  | (17,049 | ) |  | (470,992 | )
Net (decrease) increase in cash and cash equivalents | — |  |  | — |  |  | (771,365 | ) |  | 2,707 |  |  | — |  |  | (768,658 | )
Cash and cash equivalents, beginning of year | — |  |  | — |  |  | 1,701,770 |  |  | 105,948 |  |  | — |  |  | 1,807,718 |
Cash and cash equivalents, end of year | — |  |  | — |  |  | 930,405 |  |  | 108,655 |  |  | — |  |  | 1,039,060 |

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