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Note 22 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors (Tables) | 12 Months Ended
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Oct. 31, 2016
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
(In thousands) |  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Nonguarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | $- |  |  | $291,373 |  |  | $1,197,554 |  |  | $409,650 |  |  | $- |  |  | $1,898,577 |
Financial services |  |  |  |  |  |  |  | 13,453 |  |  | 183,777 |  |  |  |  |  | 197,230 |
Income taxes receivable |  | 115,940 |  |  | (58,597 | ) |  | 226,258 |  |  | 32 |  |  |  |  |  | 283,633 |
Intercompany receivable |  |  |  |  | 1,227,334 |  |  |  |  |  | 88,112 |  |  | (1,315,446 | ) |  | - |
Investments in and amounts due from consolidated subsidiaries |  |  |  |  | 4,914 |  |  | 437,628 |  |  | - |  |  | (442,542 | ) |  | - |
Total assets |  | $115,940 |  |  | 1,465,024 |  |  | $1,874,893 |  |  | $681,571 |  |  | $(1,757,988 | ) |  | $2,379,440 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | $3,506 |  |  | $1,118 |  |  | $568,450 |  |  | $84,516 |  |  | $- |  |  | $657,590 |
Financial services |  |  |  |  |  |  |  | 13,338 |  |  | 159,107 |  |  |  |  |  | 172,445 |
Notes payable |  |  |  |  | 1,672,514 |  |  | 5,084 |  |  | 317 |  |  |  |  |  | 1,677,915 |
Intercompany payable |  | 157,993 |  |  |  |  |  | 1,157,453 |  |  |  |  |  | (1,315,446 | ) |  | - |
Amounts due to consolidated subsidiaries |  | 82,951 |  |  |  |  |  |  |  |  |  |  |  | (82,951 | ) |  | - |
Stockholders’ (deficit) equity |  | (128,510 | ) |  | (208,608 | ) |  | 130,568 |  |  | 437,631 |  |  | (359,591 | ) |  | (128,510 | )
Total liabilities and equity |  | $115,940 |  |  | $1,465,024 |  |  | $1,874,893 |  |  | $681,571 |  |  | $(1,757,988 | ) |  | $2,379,440 |
(In thousands) |  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Nonguarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | $- |  |  | $230,358 |  |  | $1,553,811 |  |  | $367,869 |  |  | $- |  |  | $2,152,038 |
Financial services |  |  |  |  |  |  |  | 15,680 |  |  | 144,301 |  |  |  |  |  | 159,981 |
Income taxes receivable |  | 128,176 |  |  | (89,212 | ) |  | 251,293 |  |  | 22 |  |  |  |  |  | 290,279 |
Intercompany receivable |  |  |  |  | 1,575,712 |  |  |  |  |  | 58,280 |  |  | (1,633,992 | ) |  | - |
Investments in and amounts due from consolidated subsidiaries |  |  |  |  | 1,013 |  |  | 383,032 |  |  |  |  |  | (384,045 | ) |  | - |
Total assets |  | $128,176 |  |  | $1,717,871 |  |  | $2,203,816 |  |  | $570,472 |  |  | $(2,018,037 | ) |  | $2,602,298 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | $3,076 |  |  | $87 |  |  | $588,854 |  |  | $65,947 |  |  | $- |  |  | $657,964 |
Financial services |  |  |  |  |  |  |  | 15,677 |  |  | 121,106 |  |  |  |  |  | 136,783 |
Notes payable |  |  |  |  | 1,933,119 |  |  | 2,132 |  |  | 384 |  |  |  |  |  | 1,935,635 |
Intercompany payable |  | 180,681 |  |  |  |  |  | 1,453,311 |  |  |  |  |  | (1,633,992 | ) |  | - |
Amounts due to consolidated subsidiaries |  | 72,503 |  |  |  |  |  |  |  |  |  |  |  | (72,503 | ) |  | - |
Stockholders’ (deficit) equity |  | (128,084 | ) |  | (215,335 | ) |  | 143,842 |  |  | 383,035 |  |  | (311,542 | ) |  | (128,084 | )
Total liabilities and equity |  | $128,176 |  |  | $1,717,871 |  |  | $2,203,816 |  |  | $570,472 |  |  | $(2,018,037 | ) |  | $2,602,298 |
Condensed Income Statement [Table Text Block] |
(In thousands) |  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | $- |  |  | $- |  |  | $2,232,906 |  |  | $446,724 |  |  | $- |  |  | $2,679,630 |
Financial services |  |  |  |  |  |  |  | 11,038 |  |  | 61,579 |  |  |  |  |  | 72,617 |
Intercompany charges |  |  |  |  | 112,207 |  |  |  |  |  |  |  |  | (112,207 | ) |  | - |
Total revenues |  | - |  |  | 112,207 |  |  | 2,243,944 |  |  | 508,303 |  |  | (112,207 | ) |  | 2,752,247 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | 1,688 |  |  | 136,796 |  |  | 2,147,123 |  |  | 419,514 |  |  |  |  |  | 2,705,121 |
Financial services |  | 16 |  |  |  |  |  | 7,387 |  |  | 29,741 |  |  |  |  |  | 37,144 |
Intercompany charges |  |  |  |  |  |  |  | 112,169 |  |  | 38 |  |  | (112,207 | ) |  | - |
Total expenses |  | 1,704 |  |  | 136,796 |  |  | 2,266,679 |  |  | 449,293 |  |  | (112,207 | ) |  | 2,742,265 |
Loss on extinguishment of debt |  |  |  |  | (3,200 | ) |  |  |  |  |  |  |  |  |  |  | (3,200 | )
Income (loss) from unconsolidated joint ventures |  |  |  |  |  |  |  | 78 |  |  | (4,424 | ) |  |  |  |  | (4,346 | )
(Loss) income before income taxes |  | (1,704 | ) |  | (27,789 | ) |  | (22,657 | ) |  | 54,586 |  |  | - |  |  | 2,436 |
State and federal income tax (benefit) provision |  | (9,333 | ) |  | (30,615 | ) |  | 45,213 |  |  | (10 | ) |  |  |  |  | 5,255 |
Equity in (loss) income from subsidiaries |  | (10,448 | ) |  | 3,901 |  |  | 54,596 |  |  |  |  |  | (48,049 | ) |  | - |
Net (loss) income |  | $(2,819 | ) |  | $6,727 |  |  | $(13,274 | ) |  | $54,596 |  |  | $(48,049 | ) |  | $(2,819 | )
(In thousands) |  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | $- |  |  | $- |  |  | $1,778,700 |  |  | $313,115 |  |  | $- |  |  | $2,091,815 |
Financial services |  |  |  |  |  |  |  | 8,685 |  |  | 47,980 |  |  |  |  |  | 56,665 |
Intercompany charges |  |  |  |  | 124,361 |  |  |  |  |  |  |  |  | (124,361 | ) |  | - |
Total revenues |  | - |  |  | 124,361 |  |  | 1,787,385 |  |  | 361,095 |  |  | (124,361 | ) |  | 2,148,480 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | 5,125 |  |  | 155,773 |  |  | 1,686,726 |  |  | 294,818 |  |  |  |  |  | 2,142,442 |
Financial services |  | 105 |  |  |  |  |  | 6,490 |  |  | 25,377 |  |  |  |  |  | 31,972 |
Intercompany charges |  |  |  |  |  |  |  | 124,360 |  |  | 1 |  |  | (124,361 | ) |  | - |
Total expenses |  | 5,230 |  |  | 155,773 |  |  | 1,817,576 |  |  | 320,196 |  |  | (124,361 | ) |  | 2,174,414 |
Income from unconsolidated joint ventures |  |  |  |  |  |  |  | 82 |  |  | 4,087 |  |  |  |  |  | 4,169 |
(Loss) income before income taxes |  | (5,230 | ) |  | (31,412 | ) |  | (30,109 | ) |  | 44,986 |  |  | - |  |  | (21,765 | )
State and federal income tax (benefit) provision |  | (10,985 | ) |  | (30,486 | ) |  | 35,808 |  |  | (2 | ) |  |  |  |  | (5,665 | )
Equity in (loss) income from subsidiaries |  | (21,855 | ) |  | 12,915 |  |  | 44,988 |  |  |  |  |  | (36,048 | ) |  | - |
Net (loss) income |  | $(16,100 | ) |  | $11,989 |  |  | $(20,929 | ) |  | $44,988 |  |  | $(36,048 | ) |  | $(16,100 | )
(In thousands) |  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | $25 |  |  | $- |  |  | $1,651,343 |  |  | $369,598 |  |  | $- |  |  | $2,020,966 |
Financial services |  |  |  |  |  |  |  | 9,572 |  |  | 32,842 |  |  |  |  |  | 42,414 |
Intercompany charges |  |  |  |  | 100,878 |  |  |  |  |  |  |  |  | (100,878 | ) |  | - |
Total revenues |  | 25 |  |  | 100,878 |  |  | 1,660,915 |  |  | 402,440 |  |  | (100,878 | ) |  | 2,063,380 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | 3,286 |  |  | 131,730 |  |  | 1,549,659 |  |  | 336,651 |  |  |  |  |  | 2,021,326 |
Financial services |  | 20 |  |  |  |  |  | 6,832 |  |  | 21,764 |  |  |  |  |  | 28,616 |
Intercompany charges |  |  |  |  |  |  |  | 100,878 |  |  |  |  |  | (100,878 | ) |  | - |
Total expenses |  | 3,306 |  |  | 131,730 |  |  | 1,657,369 |  |  | 358,415 |  |  | (100,878 | ) |  | 2,049,942 |
Loss on extinguishment of debt |  |  |  |  | (1,155 | ) |  |  |  |  |  |  |  |  |  |  | (1,155 | )
Income from unconsolidated joint ventures |  |  |  |  |  |  |  | 94 |  |  | 7,803 |  |  |  |  |  | 7,897 |
Income (loss) before income taxes |  | (3,281 | ) |  | (32,007 | ) |  | 3,640 |  |  | 51,828 |  |  | - |  |  | 20,180 |
State and federal income tax (benefit) provision |  | (298,775 | ) |  | (908 | ) |  | 12,719 |  |  |  |  |  |  |  |  | (286,964 | )
Equity in income (loss) from subsidiaries |  | 11,650 |  |  | (14,177 | ) |  | 51,828 |  |  |  |  |  | (49,301 | ) |  | - |
Net income (loss) |  | $307,144 |  |  | $(45,276 | ) |  | $42,749 |  |  | $51,828 |  |  | $(49,301 | ) |  | $307,144 |
Condensed Cash Flow Statement [Table Text Block] |
(In thousands) |  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income |  | $(2,819 | ) |  | $6,727 |  |  | $(13,274 | ) |  | $54,596 |  |  | $(48,049 | ) |  | $(2,819 | )
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities |  | 15,059 |  |  | (26,032 | ) |  | 353,149 |  |  | 259 |  |  | 48,049 |  |  | 390,484 |
Net cash provided by (used in) operating activities |  | 12,240 |  |  | (19,305 | ) |  | 339,875 |  |  | 54,855 |  |  | - |  |  | 387,665 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of property and assets |  |  |  |  |  |  |  | 685 |  |  | 79 |  |  |  |  |  | 764 |
Purchase of property, equipment and other fixed assets and acquisitions |  |  |  |  |  |  |  | (7,977 | ) |  | (30 | ) |  |  |  |  | (8,007 | )
Decrease in restricted cash related to mortgage company |  |  |  |  |  |  |  |  |  |  | 2,034 |  |  |  |  |  | 2,034 |
Decrease in restricted cash related to letters of credit |  |  |  |  | 872 |  |  |  |  |  |  |  |  |  |  |  | 872 |
Investments in and advances to unconsolidated joint ventures |  |  |  |  | (290 | ) |  | (74 | ) |  | (49,541 | ) |  |  |  |  | (49,905 | )
Distributions of capital from unconsolidated joint ventures |  |  |  |  |  |  |  |  |  |  | 5,264 |  |  |  |  |  | 5,264 |
Intercompany investing activities |  |  |  |  | 344,479 |  |  |  |  |  |  |  |  | (344,479 | ) |  | - |
Net cash (used in) provided by investing activities |  | - |  |  | 345,061 |  |  | (7,366 | ) |  | (42,194 | ) |  | (344,479 | ) |  | (48,978 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net payments from mortgages and notes |  |  |  |  |  |  |  | (60,535 | ) |  | (476 | ) |  |  |  |  | (61,011 | )
Net payments from model sale leaseback financing programs |  |  |  |  |  |  |  | (14,004 | ) |  | (3,134 | ) |  |  |  |  | (17,138 | )
Net proceeds from land bank financing programs |  |  |  |  |  |  |  | 53,654 |  |  | 11,980 |  |  |  |  |  | 65,634 |
Borrowings from revolving credit facility |  |  |  |  | 5,000 |  |  |  |  |  |  |  |  |  |  |  | 5,000 |
Proceeds from senior secured term loan facility |  |  |  |  | 75,000 |  |  |  |  |  |  |  |  |  |  |  | 75,000 |
Net proceeds from senior secured notes |  |  |  |  | 71,250 |  |  |  |  |  |  |  |  |  |  |  | 71,250 |
Payments related to senior notes, senior exchangeable notes and senior amortizing notes |  |  |  |  | (409,646 | ) |  |  |  |  |  |  |  |  |  |  | (409,646 | )
Net proceeds related to mortgage warehouse lines of credit |  |  |  |  |  |  |  |  |  |  | 36,713 |  |  |  |  |  | 36,713 |
Deferred financing costs from land bank financing program and note issuance |  |  |  |  | (5,125 | ) |  | (4,812 | ) |  | (1,532 | ) |  |  |  |  | (11,469 | )
Intercompany financing activities – net |  | (12,240 | ) |  |  |  |  | (302,407 | ) |  | (29,832 | ) |  | 344,479 |  |  | - |
Net cash (used in) provided by financing activities |  | (12,240 | ) |  | (263,521 | ) |  | (328,104 | ) |  | 13,719 |  |  | 344,479 |  |  | (245,667 | )
Net increase in cash |  | - |  |  | 62,235 |  |  | 4,405 |  |  | 26,380 |  |  | - |  |  | 93,020 |
Cash and cash equivalents balance, beginning of period |  | - |  |  | 199,318 |  |  | (4,800 | ) |  | 59,227 |  |  | - |  |  | 253,745 |
Cash and cash equivalents balance, end of period |  | $- |  |  | $261,553 |  |  | $(395 | ) |  | $85,607 |  |  | $- |  |  | $346,765 |
(In thousands) |  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income |  | $(16,100 | ) |  | $11,989 |  |  | $(20,929 | ) |  | $44,988 |  |  | $(36,048 | ) |  | $(16,100 | )
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities |  | 122,264 |  |  | 110,820 |  |  | (456,704 | ) |  | (116,863 | ) |  | 36,048 |  |  | (304,435 | )
Net cash (used in) provided by operating activities |  | 106,164 |  |  | 122,809 |  |  | (477,633 | ) |  | (71,875 | ) |  | - |  |  | (320,535 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of property and assets |  |  |  |  |  |  |  | 1,556 |  |  | 17 |  |  |  |  |  | 1,573 |
Purchase of property, equipment and other fixed assets and acquisitions |  |  |  |  |  |  |  | (2,054 | ) |  |  |  |  |  |  |  | (2,054 | )
Decrease in restricted cash related to mortgage company |  |  |  |  |  |  |  |  |  |  | 1,555 |  |  |  |  |  | 1,555 |
Decrease in restricted cash related to letters of credit |  |  |  |  | 2,993 |  |  |  |  |  |  |  |  |  |  |  | 2,993 |
Investments in and advances to unconsolidated joint ventures |  |  |  |  | 16 |  |  | (114 | ) |  | (18,609 | ) |  |  |  |  | (18,707 | )
Distributions of capital from unconsolidated joint ventures |  |  |  |  | 315 |  |  | 646 |  |  | 16,151 |  |  |  |  |  | 17,112 |
Intercompany investing activities |  |  |  |  | (313,174 | ) |  |  |  |  |  |  |  | 313,174 |  |  | - |
Net cash provided by (used in) investing activities |  | - |  |  | (309,850 | ) |  | 34 |  |  | (886 | ) |  | 313,174 |  |  | 2,472 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net proceeds from mortgages and notes |  |  |  |  |  |  |  | 27,881 |  |  | 11,502 |  |  |  |  |  | 39,383 |
Net proceeds from model sale leaseback financing programs |  |  |  |  |  |  |  | 17,117 |  |  | 5,867 |  |  |  |  |  | 22,984 |
Net payments from land bank financing programs |  |  |  |  |  |  |  | (6,198 | ) |  | (1,147 | ) |  |  |  |  | (7,345 | )
Proceeds from senior notes |  |  |  |  | 250,000 |  |  |  |  |  |  |  |  |  |  |  | 250,000 |
Payments related to senior notes |  |  |  |  | (60,815 | ) |  |  |  |  |  |  |  |  |  |  | (60,815 | )
Borrowings from revolving credit facility |  |  |  |  | 47,000 |  |  |  |  |  |  |  |  |  |  |  | 47,000 |
Net proceeds related to mortgage warehouse lines of credit |  |  |  |  |  |  |  |  |  |  | 31,956 |  |  |  |  |  | 31,956 |
Deferred financing costs from land bank financing programs and note issuances |  |  |  |  | (5,096 | ) |  | (2,732 | ) |  | (1,187 | ) |  |  |  |  | (9,015 | )
Principal payments on amortizing and debt repurchases |  |  |  |  | (4,238 | ) |  |  |  |  |  |  |  |  |  |  | (4,238 | )
Intercompany financing activities |  | (106,164 | ) |  |  |  |  | 441,457 |  |  | (22,119 | ) |  | (313,174 | ) |  | - |
Net cash provided by (used in) financing activities |  | (106,164 | ) |  | 226,851 |  |  | 477,525 |  |  | 24,872 |  |  | (313,174 | ) |  | 309,910 |
Net (decrease) increase in cash |  | - |  |  | 39,810 |  |  | (74 | ) |  | (47,889 | ) |  | - |  |  | (8,153 | )
Cash and cash equivalents balance, beginning of period |  | - |  |  | 159,508 |  |  | (4,726 | ) |  | 107,116 |  |  | - |  |  | 261,898 |
Cash and cash equivalents balance, end of period |  | $- |  |  | $199,318 |  |  | $(4,800 | ) |  | $59,227 |  |  | $- |  |  | $253,745 |
(In thousands) |  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Non-Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $307,144 |  |  | $(45,276 | ) |  | $42,749 |  |  | $51,828 |  |  | $(49,301 | ) |  | $307,144 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities |  | (277,932 | ) |  | 14,334 |  |  | (303,507 | ) |  | 20,075 |  |  | 49,301 |  |  | (497,729 | )
Net cash (used in) provided by operating activities |  | 29,212 |  |  | (30,942 | ) |  | (260,758 | ) |  | 71,903 |  |  | - |  |  | (190,585 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of property and assets |  |  |  |  |  |  |  | 467 |  |  | 48 |  |  |  |  |  | 515 |
Purchase of property, equipment and other fixed assets and acquisitions |  |  |  |  |  |  |  | (3,395 | ) |  | (28 | ) |  |  |  |  | (3,423 | )
(Increase) in restricted cash related to mortgage company |  |  |  |  |  |  |  |  |  |  | (655 | ) |  |  |  |  | (655 | )
Investments in and advances to unconsolidated joint ventures |  |  |  |  | (95 | ) |  | (831 | ) |  | (20,773 | ) |  |  |  |  | (21,699 | )
Distributions of capital from unconsolidated joint ventures |  |  |  |  | 203 |  |  | 3,787 |  |  | 7,117 |  |  |  |  |  | 11,107 |
Intercompany investing activities |  |  |  |  | (167,370 | ) |  |  |  |  |  |  |  | 167,370 |  |  | - |
Net cash (used in) provided by investing activities |  | - |  |  | (167,262 | ) |  | 28 |  |  | (14,291 | ) |  | 167,370 |  |  | (14,155 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net proceeds from mortgages and notes |  |  |  |  |  |  |  | 39,345 |  |  | 1,425 |  |  |  |  |  | 40,770 |
Net proceeds from model sale leaseback financing programs |  |  |  |  |  |  |  | 17,232 |  |  | 1,982 |  |  |  |  |  | 19,214 |
Net payments from land bank financing programs |  |  |  |  |  |  |  | (8,297 | ) |  | (9,009 | ) |  |  |  |  | (17,306 | )
Net proceeds from senior notes |  |  |  |  | 121,447 |  |  |  |  |  |  |  |  |  |  |  | 121,447 |
Net payments related to mortgage warehouse lines of credit |  |  |  |  |  |  |  |  |  |  | (14,744 | ) |  |  |  |  | (14,744 | )
Deferred financing costs from land bank financing programs and note issuances |  |  |  |  | (7,205 | ) |  | (4,051 | ) |  | (691 | ) |  |  |  |  | (11,947 | )
Intercompany financing activities |  | (29,212 | ) |  |  |  |  | 218,254 |  |  | (21,672 | ) |  | (167,370 | ) |  | - |
Net cash provided by (used in) financing activities |  | (29,212 | ) |  | 114,242 |  |  | 262,483 |  |  | (42,709 | ) |  | (167,370 | ) |  | 137,434 |
Net (decrease) increase in cash and cash equivalents |  | - |  |  | (83,962 | ) |  | 1,753 |  |  | 14,903 |  |  | - |  |  | (67,306 | )
Cash and cash equivalents balance, beginning of period |  |  |  |  | 243,470 |  |  | (6,479 | ) |  | 92,213 |  |  |  |  |  | 329,204 |
Cash and cash equivalents balance, end of period |  | $- |  |  | $159,508 |  |  | $(4,726 | ) |  | $107,116 |  |  | $- |  |  | $261,898 |

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