XML 51 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Oct. 31, 2013
Oct. 31, 2012
Oct. 31, 2011
Cash flows from operating activities:      
Net income (loss) $ 31,295 $ (66,197) $ (286,087)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation 4,712 6,223 9,340
Compensation from stock options and awards 6,842 6,453 6,219
Amortization of bond discounts and deferred financing costs 7,843 7,436 6,047
Gain on sale and retirement of property and assets (4,696) (230) (266)
(Income) loss from unconsolidated joint ventures (12,040) (5,401) 8,958
Distributions of earnings from unconsolidated joint ventures 2,340 1,790 1,583
Loss (gain) on extinguishment of debt 760 29,066 (7,528)
Expenses related to the debt for debt exchange   4,694  
Inventory impairment and land option write-offs 4,965 12,530 101,749
Mortgage notes receivable 4,071 (44,852) 14,154
Restricted cash, receivables, prepaids, deposits, and other assets 52,940 3,680 59,686
Inventories (111,770) 8,430 (88,385)
State and federal income tax liabilities (3,581) (34,947) 23,919
Customers’ deposits 6,273 5,903 7,150
Accounts payable, accrued interest and other accrued liabilities 19,314 (1,576) (63,954)
Net cash provided by (used in) operating activities 9,268 (66,998) (207,415)
Cash flows from investing activities:      
Proceeds from sale of property and assets 7,369 3,206 1,341
Purchase of property, equipment, and other fixed assets and acquisitions (1,558) (5,059) (826)
Increase in restricted cash related to mortgage company 4,575    
Investment in and advances to unconsolidated joint ventures (4,907) (4,743) (4,071)
Distributions of capital from unconsolidated joint ventures 24,806 5,096 4,751
Net cash provided by (used in) investing activities 30,285 (1,500) 1,195
Cash flows from financing activities:      
Proceeds from mortgages and notes 109,209 16,240 16,614
Payments related to mortgages and notes (76,142) (25,605) (14,247)
Proceeds from model sale leaseback financing programs 21,948 34,389  
Payments related to model sale leaseback financing programs (9,193) (1,444)  
Proceeds from land bank financing program 36,233 50,927  
Payments related to land bank financing program (39,669) (6,081)  
Net proceeds from senior secured notes   797,000 12,660
Proceeds from senior notes 41,581   151,220
Payments from senior notes (40,424)    
Net proceeds from exchangeable notes units   100,000  
Net proceeds from tangible equity units     83,707
Net proceeds from Class A Common Stock   47,324 54,899
Net (payments) proceeds related to mortgage warehouse lines of credit (15,822) 57,756 (23,914)
Deferred financing cost from land banking financing program and note issuances (5,071) (19,381) (5,396)
Principal payments and debt repurchases (6,231) (941,158) (185,763)
Payments related to the debt for debt exchange   (18,874)  
Purchase of treasury stock   (103)  
Net cash provided by financing activities 16,419 90,990 89,780
Net increase (decrease) in cash and cash equivalents 55,972 22,492 (116,440)
Cash and cash equivalents balance, beginning of year 273,232 250,740 367,180
Cash and cash equivalents balance, end of year 329,204 273,232 250,740
Supplemental disclosures of cash flows:      
Cash received during the year for income taxes $ 5,780 $ 103 $ 28,008