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Supplemental Guarantor Information (Tables) | 3 Months Ended
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Jan. 31, 2013
Supplemental Guarantor Information [Abstract] |
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 January 31, 2013
| 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 |
| 0.5% Exchangeable Senior Notes due 2032 | $ | 287,500 |  |  | $ | 287,500 |
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).
| January 31, 2013 |  | October 31, 2012
Inventory | $ | 235,490 |  |  | $ | 168,218 |
Investments in and advances to unconsolidated entities | $ | 100,887 |  |  | $ | 110,014 |
Total assets | $ | 341,569 |  |  | $ | 282,638 |
Loans payable | $ | 15,006 |  |  | $ | 30,424 |
Intercompany advances | $ | 306,410 |  |  | $ | 237,298 |
Total liabilities | $ | 333,393 |  |  | $ | 277,738 |
Equity | $ | 8,176 |  |  | $ | 4,900 |
| Three months ended January 31,
| 2013 |  | 2012
Revenue | $ | 10,444 |  |  | $ | — |
Operating income | $ | 3,202 |  |  | $ | 3,393 |
Income (loss) before income taxes | $ | 1,003 |  |  | $ | (395 | )
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 condensed consolidating statements of cash flows for the three-month periods ended January 31, 2013 and 2012. For the three months ended January 31, 2013
| 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. | $ | (6,029 | ) |  | $ | 30,082 |  |  | $ | — |  |  | $ | 24,053 |
Subsidiary Issuer | $ | 59,068 |  |  | $ | (46,913 | ) |  | $ | — |  |  | $ | 12,155 |
Guarantor Subsidiaries | $ | (421,634 | ) |  | $ | 37,381 |  |  | $ | 6,389 |  |  | $ | (377,864 | )
Non-Guarantor Subsidiaries | $ | 62,773 |  |  | $ | (15,074 | ) |  | $ | (6,389 | ) |  | $ | 41,310 |
Elimination | $ | — |  |  | $ | (5,476 | ) |  | $ | — |  |  | $ | (5,476 | )
Cash flow provided by (used in) investing activities: |  |  |  |  |  |  |
Intercompany advances |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | — |  |  | $ | (30,082 | ) |  | $ | — |  |  | $ | (30,082 | )
Subsidiary Issuer | $ | — |  |  | $ | 46,913 |  |  | $ | — |  |  | $ | 46,913 |
Guarantor Subsidiaries | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Non-Guarantor Subsidiaries | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Elimination | $ | — |  |  | $ | (16,831 | ) |  | $ | — |  |  | $ | (16,831 | )
Net cash provided by (used in) investing activities |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | — |  |  | $ | (30,082 | ) |  | $ | — |  |  | $ | (30,082 | )
Subsidiary Issuer | $ | — |  |  | $ | 46,913 |  |  | $ | — |  |  | $ | 46,913 |
Guarantor Subsidiaries | $ | 13,627 |  |  | $ | — |  |  | $ | 9,104 |  |  | $ | 22,731 |
Non-Guarantor Subsidiaries | $ | (9,802 | ) |  | $ | — |  |  | $ | (9,104 | ) |  | $ | (18,906 | )
Elimination | $ | — |  |  | $ | (16,831 | ) |  | $ | — |  |  | $ | (16,831 | )
Cash flow (used in) provided by financing activities: |  |  |  |  |  |  |
Intercompany advances |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Subsidiary Issuer | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Guarantor Subsidiaries | $ | — |  |  | $ | (37,381 | ) |  | $ | — |  |  | $ | (37,381 | )
Non-Guarantor Subsidiaries | $ | — |  |  | $ | 15,074 |  |  | $ | — |  |  | $ | 15,074 |
Elimination | $ | — |  |  | $ | 22,307 |  |  | $ | — |  |  | $ | 22,307 |
Net cash (used in) provided by financing activities |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | 6,029 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,029 |
Subsidiary Issuer | $ | (59,068 | ) |  | $ | — |  |  | $ | — |  |  | $ | (59,068 | )
Guarantor Subsidiaries | $ | (10,112 | ) |  | $ | (37,381 | ) |  | $ | (15,720 | ) |  | $ | (63,213 | )
Non-Guarantor Subsidiaries | $ | (44,920 | ) |  | $ | 15,074 |  |  | $ | 15,720 |  |  | $ | (14,126 | )
Elimination | $ | — |  |  | $ | 22,307 |  |  | $ | — |  |  | $ | 22,307 |
For the three months ended January 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. | $ | (9,270 | ) |  | $ | (19,315 | ) |  | $ | — |  |  | $ | (28,585 | )
Subsidiary Issuer | $ | — |  |  | $ | 4,793 |  |  | $ | — |  |  | $ | 4,793 |
Guarantor Subsidiaries | $ | (276,849 | ) |  | $ | 71,183 |  |  | $ | (140 | ) |  | $ | (205,806 | )
Non-Guarantor Subsidiaries | $ | 124,040 |  |  | $ | (56,624 | ) |  | $ | 140 |  |  | $ | 67,556 |
Elimination | $ | — |  |  | $ | (37 | ) |  | $ | — |  |  | $ | (37 | )
Cash flow (used in) provided by investing activities: |  |  |  |  |  |  |
Intercompany advances |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | — |  |  | $ | 19,315 |  |  | $ | — |  |  | $ | 19,315 |
Subsidiary Issuer | $ | — |  |  | $ | (4,793 | ) |  | $ | — |  |  | $ | (4,793 | )
Guarantor Subsidiaries | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Non-Guarantor Subsidiaries | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Elimination | $ | — |  |  | $ | (14,522 | ) |  | $ | — |  |  | $ | (14,522 | )
Net cash (used in) provided by investing activities |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | — |  |  | $ | 19,315 |  |  | $ | — |  |  | $ | 19,315 |
Subsidiary Issuer | $ | — |  |  | $ | (4,793 | ) |  | $ | — |  |  | $ | (4,793 | )
Guarantor Subsidiaries | $ | (44,015 | ) |  | $ | — |  |  | $ | (880 | ) |  | $ | (44,895 | )
Non-Guarantor Subsidiaries | $ | (95,065 | ) |  | $ | — |  |  | $ | 880 |  |  | $ | (94,185 | )
Elimination | $ | — |  |  | $ | (14,522 | ) |  | $ | — |  |  | $ | (14,522 | )
Cash flow (used in) provided by financing activities: |  |  |  |  |  |  |
Intercompany advances |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Subsidiary Issuer | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Guarantor Subsidiaries | $ | — |  |  | $ | (71,183 | ) |  | $ | — |  |  | $ | (71,183 | )
Non-Guarantor Subsidiaries | $ | — |  |  | $ | 56,624 |  |  | $ | — |  |  | $ | 56,624 |
Elimination | $ | — |  |  | $ | 14,559 |  |  | $ | — |  |  | $ | 14,559 |
Net cash (used in) provided by financing activities |  |  |  |  |  |  |
Toll Brothers, Inc. | $ | 9,270 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,270 |
Subsidiary Issuer | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Guarantor Subsidiaries | $ | (12,520 | ) |  | $ | (71,183 | ) |  | $ | (692 | ) |  | $ | (84,395 | )
Non-Guarantor Subsidiaries | $ | (26,237 | ) |  | $ | 56,624 |  |  | $ | 692 |  |  | $ | 31,079 |
Elimination | $ | — |  |  | $ | 14,559 |  |  | $ | — |  |  | $ | 14,559 |
Supplemental Consolidated Financial Information | Condensed Consolidating Balance Sheet at January 31, 2013:
| Toll Brothers, Inc. |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | — |  |  | — |  |  | 293,678 |  |  | 75,078 |  |  | — |  |  | 368,756 |
Marketable securities |  |  |  |  | 364,585 |  |  | 60,234 |  |  |  |  | 424,819 |
Restricted cash | 15,060 |  |  |  |  | 17,369 |  |  | 1,328 |  |  |  |  | 33,757 |
Inventory |  |  |  |  | 4,095,454 |  |  | 59,593 |  |  |  |  | 4,155,047 |
Property, construction and office equipment, net |  |  |  |  | 109,618 |  |  | 3,259 |  |  |  |  | 112,877 |
Receivables, prepaid expenses and other assets | 146 |  |  | 14,458 |  |  | 79,443 |  |  | 72,895 |  |  | (14,061 | ) |  | 152,881 |
Mortgage loans held for sale |  |  |  |  |  |  | 49,400 |  |  |  |  | 49,400 |
Customer deposits held in escrow |  |  |  |  | 28,455 |  |  | 2,846 |  |  |  |  | 31,301 |
Investments in and advances to unconsolidated entities |  |  |  |  | 165,818 |  |  | 156,033 |  |  |  |  | 321,851 |
Investments in distressed loans |  |  |  |  |  |  |  | 42,832 |  |  |  |  | 42,832 |
Investments in foreclosed real estate |  |  |  |  |  |  |  | 68,764 |  |  |  |  | 68,764 |
Investments in and advances to consolidated entities | 2,847,200 |  |  | 2,045,897 |  |  | 4,740 |  |  |  |  |  | (4,897,837 | ) |  | — |
Deferred tax assets, net of valuation allowances | 355,966 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 355,966 |
| 3,218,372 |  |  | 2,060,355 |  |  | 5,159,160 |  |  | 592,262 |  |  | (4,911,898 | ) |  | 6,118,251 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Loans payable |  |  |  |  | 93,314 |  |  |  |  |  |  |  | 93,314 |
Senior notes |  |  | 1,976,150 |  |  |  |  |  |  | 45,747 |  |  | 2,021,897 |
Mortgage company warehouse loan |  |  |  |  |  |  | 43,464 |  |  |  |  | 43,464 |
Customer deposits |  |  |  |  | 156,758 |  |  |  |  |  |  |  | 156,758 |
Accounts payable |  |  |  |  | 110,764 |  |  | 27 |  |  |  |  | 110,791 |
Accrued expenses |  |  | 37,526 |  |  | 320,441 |  |  | 123,892 |  |  | (14,207 | ) |  | 467,652 |
Advances from consolidated entities |  |  |  |  |  | 1,302,700 |  |  | 408,269 |  |  | (1,710,969 | ) |  | — |
Income taxes payable | 83,265 |  |  |  |  |  |  |  |  |  |  |  | 83,265 |
Total liabilities | 83,265 |  |  | 2,013,676 |  |  | 1,983,977 |  |  | 575,652 |  |  | (1,679,429 | ) |  | 2,977,141 |
Equity: |  |  |  |  |  |  |  |  |  |  |
Stockholders’ equity: |  |  |  |  |  |  |  |  |  |  |
Common stock | 1,692 |  |  |  |  | 48 |  |  | 3,006 |  |  | (3,054 | ) |  | 1,692 |
Additional paid-in capital | 412,242 |  |  | 49,400 |  |  |  |  |  | 1,734 |  |  | (51,134 | ) |  | 412,242 |
Retained earnings | 2,725,829 |  |  | (2,721 | ) |  | 3,175,277 |  |  | 5,725 |  |  | (3,178,281 | ) |  | 2,725,829 |
Treasury stock, at cost | (38 | ) |  |  |  |  |  |  |  |  |  | (38 | )
Accumulated other comprehensive loss | (4,618 | ) |  |  |  | (142 | ) |  | (43 | ) |  |  |  |  | (4,803 | )
Total stockholders’ equity | 3,135,107 |  |  | 46,679 |  |  | 3,175,183 |  |  | 10,422 |  |  | (3,232,469 | ) |  | 3,134,922 |
Noncontrolling interest |  |  |  |  |  |  | 6,188 |  |  |  |  | 6,188 |
Total equity | 3,135,107 |  |  | 46,679 |  |  | 3,175,183 |  |  | 16,610 |  |  | (3,232,469 | ) |  | 3,141,110 |
| 3,218,372 |  |  | 2,060,355 |  |  | 5,159,160 |  |  | 592,262 |  |  | (4,911,898 | ) |  | 6,118,251 |
Condensed 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 |  |  |  |  | 106,963 |  |  | 3,008 |  |  |  |  | 109,971 |
Receivables, prepaid expenses and other assets | 134 |  |  | 15,130 |  |  | 76,192 |  |  | 64,543 |  |  | (11,441 | ) |  | 144,558 |
Mortgage loans held for sale |  |  |  |  |  |  | 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 distressed loans |  |  |  |  |  |  |  | 37,169 |  |  |  |  | 37,169 |
Investments in foreclosed real estate |  |  |  |  |  |  |  |  |  | 58,353 |  |  |  |  |  | 58,353 |
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 | 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 |
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) for the three months ended January 31, 2013 ($ in thousands):
| Toll Brothers, Inc. |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues |  |  |  |  | 430,222 |  |  | 15,046 |  |  | (20,667 | ) |  | 424,601 |
Cost of revenues |  |  |  |  | 348,703 |  |  | 4,992 |  |  | (7,758 | ) |  | 345,937 |
Selling, general and administrative | 16 |  |  | 687 |  |  | 84,508 |  |  | 10,140 |  |  | (17,304 | ) |  | 78,047 |
| 16 |  |  | 687 |  |  | 433,211 |  |  | 15,132 |  |  | (25,062 | ) |  | 423,984 |
Income (loss) from operations | (16 | ) |  | (687 | ) |  | (2,989 | ) |  | (86 | ) |  | 4,395 |  |  | 617 |
Other: |  |  |  |  |  |  |  |  |  |  |
Income from unconsolidated entities |  |  |  |  | 1,096 |  |  | 1,987 |  |  |  |  | 3,083 |
Other income - net | 2,386 |  |  |  |  |  | 6,027 |  |  | 2,494 |  |  | (6,281 | ) |  | 4,626 |
Intercompany interest income |  |  | 29,727 |  |  |  |  |  |  |  |  | (29,727 | ) |  | — |
Interest expense |  |  | (31,422 | ) |  |  |  |  | (191 | ) |  | 31,613 |  |  | — |
Income from subsidiaries | 5,956 |  |  |  |  | 1,822 |  |  |  |  | (7,778 | ) |  | — |
Income (loss) before income taxes | 8,326 |  |  | (2,382 | ) |  | 5,956 |  |  | 4,204 |  |  | (7,778 | ) |  | 8,326 |
Income tax provision (benefit) | 3,894 |  |  | (933 | ) |  | 2,333 |  |  | 1,647 |  |  | (3,047 | ) |  | 3,894 |
Net income (loss) | 4,432 |  |  | (1,449 | ) |  | 3,623 |  |  | 2,557 |  |  | (4,731 | ) |  | 4,432 |
Other comprehensive income (loss) | (173 | ) |  |  |  |  | 225 |  |  | (36 | ) |  |  |  |  | 16 |
Comprehensive income (loss) | 4,259 |  |  | (1,449 | ) |  | 3,848 |  |  | 2,521 |  |  | (4,731 | ) |  | 4,448 |
Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income for the three months ended January 31, 2012 ($ in thousands):
| Toll Brothers, Inc. |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues |  |  |  |  | 327,692 |  |  | 12,386 |  |  | (18,123 | ) |  | 321,955 |
Cost of revenues |  |  |  |  | 273,050 |  |  | 4,312 |  |  | (5,754 | ) |  | 271,608 |
Selling, general and administrative | 13 |  |  | 478 |  |  | 73,532 |  |  | 9,274 |  |  | (13,660 | ) |  | 69,637 |
| 13 |  |  | 478 |  |  | 346,582 |  |  | 13,586 |  |  | (19,414 | ) |  | 341,245 |
Loss from operations | (13 | ) |  | (478 | ) |  | (18,890 | ) |  | (1,200 | ) |  | 1,291 |  |  | (19,290 | )
Other: |  |  |  |  |  |  |  |  |  |  |
Income from unconsolidated entities |  |  |  |  | 5,229 |  |  | 1,458 |  |  |  |  | 6,687 |
Other income - net | 5 |  |  |  |  |  | 2,982 |  |  | 4,050 |  |  | (842 | ) |  | 6,195 |
Intercompany interest income |  |  | 25,764 |  |  |  |  |  |  |  |  | (25,764 | ) |  | — |
Interest expense |  |  | (25,286 | ) |  |  |  |  | (29 | ) |  | 25,315 |  |  | — |
(Loss) income from subsidiaries | (6,400 | ) |  |  |  | 4,279 |  |  |  |  | 2,121 |  |  | — |
(Loss) income before income taxes | (6,408 | ) |  | — |  |  | (6,400 | ) |  | 4,279 |  |  | 2,121 |  |  | (6,408 | )
Income tax (benefit) provision | (3,622 | ) |  | — |  |  | (3,618 | ) |  | 2,419 |  |  | 1,199 |  |  | (3,622 | )
Net (loss) income | (2,786 | ) |  | — |  |  | (2,782 | ) |  | 1,860 |  |  | 922 |  |  | (2,786 | )
Other comprehensive loss | (109 | ) |  |  |  |  | (552 | ) |  |  |  |  |  |  |  | (661 | )
Comprehensive (loss) income | (2,895 | ) |  | — |  |  | (3,334 | ) |  | 1,860 |  |  | 922 |  |  | (3,447 | )
Condensed Consolidating Statement of Cash Flows for the three months ended January 31, 2013 ($ in thousands):
| Toll Brothers, Inc. |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash (used in) provided by operating activities | 24,053 |  |  | 12,155 |  |  | (377,864 | ) |  | 41,310 |  |  | (5,476 | ) |  | (305,822 | )
Cash flow provided by (used in) investing activities: |  |  |  |  |  |  |  |  |  |  |
Purchase of property and equipment - net |  |  |  |  | (5,123 | ) |  | (268 | ) |  |  |  | (5,391 | )
Purchase of marketable securities |  |  |  |  | (25,938 | ) |  | (81 | ) |  |  |  | (26,019 | )
Sale and redemption of marketable securities |  |  |  |  | 38,775 |  |  |  |  |  |  | 38,775 |
Investments in and advances to unconsolidated entities |  |  |  |  | (2,280 | ) |  | (5,334 | ) |  |  |  | (7,614 | )
Return of investments in unconsolidated entities |  |  |  |  | 17,297 |  |  | 14 |  |  |  |  | 17,311 |
Investments in distressed loans and foreclosed real estate |  |  |  |  |  |  |  | (16,252 | ) |  |  |  | (16,252 | )
Return of investments in distressed loans and foreclosed real estate |  |  |  |  |  |  | 3,015 |  |  |  |  | 3,015 |
Intercompany advances | (30,082 | ) |  | 46,913 |  |  |  |  |  |  |  | (16,831 | ) |  | — |
Net cash provided by (used in) investing activities | (30,082 | ) |  | 46,913 |  |  | 22,731 |  |  | (18,906 | ) |  | (16,831 | ) |  | 3,825 |
Cash flow (used in) provided by financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from loans payable |  |  |  |  |  |  | 244,830 |  |  |  |  | 244,830 |
Principal payments of loans payable |  |  |  |  | (25,832 | ) |  | (274,030 | ) |  |  |  | (299,862 | )
Redemption of senior notes |  |  |  | (59,068 | ) |  |  |  |  |  |  |  | (59,068 | )
Proceeds from stock-based benefit plans | 6,108 |  |  |  |  |  |  |  |  |  |  | 6,108 |
Purchase of treasury stock | (79 | ) |  |  |  |  |  |  |  |  |  | (79 | )
Intercompany advances |  |  |  |  |  | (37,381 | ) |  | 15,074 |  |  | 22,307 |  |  | — |
Net cash (used in) provided by financing activities | 6,029 |  |  | (59,068 | ) |  | (63,213 | ) |  | (14,126 | ) |  | 22,307 |  |  | (108,071 | )
Net (decrease) increase in cash and cash equivalents | — |  |  | — |  |  | (418,346 | ) |  | 8,278 |  |  | — |  |  | (410,068 | )
Cash and cash equivalents, beginning of period |  |  |  |  | 712,024 |  |  | 66,800 |  |  |  |  | 778,824 |
Cash and cash equivalents, end of period | — |  |  | — |  |  | 293,678 |  |  | 75,078 |  |  | — |  |  | 368,756 |
Condensed Consolidating Statement of Cash Flows for the three months ended January 31, 2012 ($ in thousands):
| Toll Brothers, Inc. |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash (used in) provided by operating activities | (28,585 | ) |  | 4,793 |  |  | (205,806 | ) |  | 67,556 |  |  | (37 | ) |  | (162,079 | )
Cash flow (used in) provided by investing activities: |  |  |  |  |  |  |  |  |  |  |
Purchase of property and equipment — net |  |  |  |  | (3,443 | ) |  | 51 |  |  |  |  | (3,392 | )
Sale and redemption of marketable securities |  |  |  |  | 88,217 |  |  |  |  |  |  |  | 88,217 |
Investments in and advances to unconsolidated entities |  |  |  |  | (256 | ) |  | (71,528 | ) |  |  |  | (71,784 | )
Return of investments in unconsolidated entities |  |  |  |  | 15,333 |  |  |  |  |  |  | 15,333 |
Investments in distressed loans and foreclosed real estate |  |  |  |  |  |  |  | (26,410 | ) |  |  |  | (26,410 | )
Return of investments in distressed loans and foreclosed real estate |  |  |  |  |  |  |  | 3,702 |  |  |  |  | 3,702 |
Acquisition of a business |  |  |  |  | (144,746 | ) |  |  |  |  |  | (144,746 | )
Intercompany advances | 19,315 |  |  | (4,793 | ) |  |  |  |  |  | (14,522 | ) |  | — |
Net cash (used in) provided by investing activities | 19,315 |  |  | (4,793 | ) |  | (44,895 | ) |  | (94,185 | ) |  | (14,522 | ) |  | (139,080 | )
Cash flow (used in) provided by financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from loans payable |  |  |  |  |  |  | 199,139 |  |  |  |  | 199,139 |
Principal payments of loans payable |  |  |  |  | (13,212 | ) |  | (224,684 | ) |  |  |  | (237,896 | )
Proceeds from stock-based benefit plans | 9,334 |  |  |  |  |  |  |  |  |  |  | 9,334 |
Purchase of treasury stock | (64 | ) |  |  |  |  |  |  |  |  |  | (64 | )
Intercompany advances |  |  |  |  |  | (71,183 | ) |  | 56,624 |  |  | 14,559 |  |  | — |
Net cash (used in) provided by financing activities | 9,270 |  |  | — |  |  | (84,395 | ) |  | 31,079 |  |  | 14,559 |  |  | (29,487 | )
Net (decrease) increase in cash and cash equivalents | — |  |  | — |  |  | (335,096 | ) |  | 4,450 |  |  | — |  |  | (330,646 | )
Cash and cash equivalents, beginning of period | — |  |  |  |  | 777,012 |  |  | 129,328 |  |  |  |  | 906,340 |
Cash and cash equivalents, end of period | — |  |  | — |  |  | 441,916 |  |  | 133,778 |  |  | — |  |  | 575,694 |

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