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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2024
Oct. 31, 2023
Inventories:    
Investments in and advances to unconsolidated joint ventures $ 142,910 $ 97,886
Property and equipment, net 43,431 33,946
Deferred tax assets, net 241,064 302,833
Total assets 2,605,574 2,492,940
LIABILITIES AND EQUITY    
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) 896,218 1,051,491
Income taxes payable 5,479 1,861
Total liabilities 1,805,225 1,911,151
Hovnanian Enterprises, Inc. stockholders' equity:    
Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at October 31, 2024 and October 31, 2023 135,299 135,299
Paid in capital - common stock 749,752 735,946
Retained earnings (accumulated deficit) 74,136 (157,197)
Treasury stock - at cost – 1,090,179 shares of Class A common stock at October 31, 2024 and 901,379 shares at October 31, 2023; 27,669 shares of Class B common stock at October 31, 2024 and October 31, 2023 (158,910) (132,382)
Total Hovnanian Enterprises, Inc. stockholders’ equity 800,349 581,736
Noncontrolling interest in consolidated joint ventures 0 53
Total equity 800,349 581,789
Total liabilities and equity 2,605,574 2,492,940
Common Class A [Member]    
Hovnanian Enterprises, Inc. stockholders' equity:    
Common Stock 64 62
Common Class B [Member]    
Hovnanian Enterprises, Inc. stockholders' equity:    
Common Stock 8 8
Home Building [Member]    
ASSETS    
Cash and cash equivalents 209,976 434,119
Restricted cash and cash equivalents 7,875 8,431
Inventories:    
Sold and unsold homes and lots under development 1,195,318 998,841
Land and land options held for future development or sale 238,499 125,587
Consolidated inventory not owned 210,987 224,758
Total inventories 1,644,804 1,349,186
Investments in and advances to unconsolidated joint ventures 142,910 97,886
Receivables, deposits and notes, net 29,400 27,982
Property and equipment, net 43,431 33,946
Prepaid expenses and other assets 82,525 69,886
Total assets excluding deferred tax assets, net 2,160,921 2,021,436
LIABILITIES AND EQUITY    
Nonrecourse mortgages secured by inventory, net of debt issuance costs 90,675 91,539
Accounts payable and other liabilities 433,273 415,480
Customers’ deposits 41,639 51,419
Liabilities from inventory not owned, net of debt issuance costs 140,298 124,254
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) 896,218 1,051,491
Accrued interest 14,508 26,926
Total liabilities excluding income taxes payable 1,616,611 1,761,109
Financial Services [Member]    
Inventories:    
Total assets excluding deferred tax assets, net 203,589 168,671
LIABILITIES AND EQUITY    
Total liabilities excluding income taxes payable $ 183,135 $ 148,181