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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2018
Cash flows from operating activities:      
Net income (loss) $ 50,928 $ (42,117) $ 4,520
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation 5,304 4,172 3,156
Compensation from stock options and awards 2,779 721 3,669
Amortization of bond discounts, premiums and deferred financing costs 1,891 8,128 8,822
Gain on sale and retirement of property and assets (81) (25) (3,619)
Income from unconsolidated joint ventures (16,565) (28,932) (24,033)
Distributions of earnings from unconsolidated joint venture 35,387 29,919 0
(Gain) loss on extinguishment of debt (13,337) 42,436 7,536
Noncontrolling interest in consolidated joint ventures 148 4 0
Inventory impairment and land option write-offs 8,813 6,288 3,501
(Increase) decrease in assets:      
Origination of mortgage loans (1,306,279) (1,089,825) (1,069,519)
Sale of mortgage loans 1,367,903 1,054,535 1,071,250
Receivables, prepaids, deposits and other assets 20,519 (15,911) 20,669
Inventories 87,897 (220,608) (58,801)
Increase (decrease) in liabilities:      
State and federal income tax payable 1,531 (1,033) 1,107
Customers’ deposits 12,414 5,786 (3,686)
Accounts payable, accrued interest and other accrued liabilities 33,576 (2,665) (31,394)
Net cash provided by (used in) operating activities 292,828 (249,127) (66,822)
Cash flows from investing activities:      
Proceeds from sale of property and assets 112 29 38,303
Purchase of property, equipment, and other fixed assets and acquisitions (3,380) (4,005) (5,193)
Investment in and advances to unconsolidated joint ventures (19,924) (13,256) (26,271)
Distributions of capital from unconsolidated joint ventures 25,332 8,925 28,662
Net cash provided by (used in) investing activities 2,140 (8,307) 35,501
Cash flows from financing activities:      
Proceeds from mortgages and notes 278,577 318,462 181,101
Payments related to mortgages and notes (348,371) (209,445) (162,192)
Proceeds from model sale leaseback financing programs 19,200 33,188 22,749
Payments related to model sale leaseback financing programs (23,646) (25,791) (30,123)
Proceeds from land bank financing programs 68,060 104,961 18,827
Payments related to land bank financing programs (73,999) (33,902) (38,991)
Proceeds from partner contributions to consolidated joint venture 0 683 0
Deferred financing costs from land banking financing programs and note issuances (13,278) (16,748) (8,035)
Net cash (used in) provided by financing activities (167,774) 206,708 (229,429)
Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents 127,194 (50,726) (260,750)
Cash and cash equivalents, and restricted cash and cash equivalents balance, beginning of year 182,266 232,992 493,742
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of year 309,460 182,266 232,992
Supplemental disclosures of cash flows:      
Interest, net of capitalized interest (see Note 3 to the Consolidated Financial Statements) 89,484 109,107 112,016
Income taxes 3,013 3,483 2,520
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of year 309,460 182,266 232,992
Homebuilding [Member]      
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Inventory impairment and land option write-offs 8,813 6,288 3,501
Supplemental disclosures of cash flows:      
Cash and cash equivalents 262,489 130,976 187,871
Restricted cash and cash equivalents 14,731 20,905 12,808
Financial Services [Member]      
Supplemental disclosures of cash flows:      
Cash and cash equivalents 4,854 5,578 6,948
Restricted cash and cash equivalents 27,386 24,807 25,365
Senior Secured Term Loan [Member]      
Cash flows from financing activities:      
Payments related to senior secured debt 0 0 (76,829)
Senior Unsecured Term Loan Credit Facility [Member]      
Cash flows from financing activities:      
Proceeds from senior unsecured term loan facility 0 0 202,547
Senior Secured Revolving Credit Facility [Member]      
Cash flows from financing activities:      
Borrowings from senior secured credit facility 125,000 0 0
Payments related to senior secured credit facility (125,000) 0 0
Senior Secured Notes [Member]      
Cash flows from financing activities:      
Proceeds from senior secured notes, net of discount 0 578,231 0
Senior Secured, Senior, Senior Amortizing and Senior Exchangeable Notes [Member]      
Cash flows from financing activities:      
Payments related to senior secured debt (21,240) (570,032) (285,095)
Mortgage Warehouse Lines of Credit [Member]      
Cash flows from financing activities:      
Net (payments) proceeds related to mortgage warehouse lines of credit (53,077) 27,101 (1,388)
Unsecured Revolving Credit Facility [Member]      
Cash flows from financing activities:      
Net (payments) proceeds related to mortgage warehouse lines of credit $ 0 $ 0 $ (52,000)