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CONDENSED CONSOLIDATED BALANCE SHEETS (Current Period Unaudited) - USD ($)
$ in Thousands
Jan. 31, 2024
Oct. 31, 2023
Inventories:    
Deferred tax assets, net $ 295,332 $ 302,833
Total assets 2,340,378 2,492,940
LIABILITIES AND EQUITY    
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) 934,617 1,051,491
Income taxes payable 2,583 1,861
Total liabilities 1,733,290 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 January 31, 2024 and October 31, 2023 135,299 135,299
Paid in capital - common stock 740,063 735,946
Accumulated deficit (135,962) (157,197)
Treasury stock - at cost – 901,379 shares of Class A common stock at January 31, 2024 and October 31, 2023; 27,669 shares of Class B common stock at January 31, 2024 and October 31, 2023 (132,382) (132,382)
Total Hovnanian Enterprises, Inc. stockholders’ equity 607,088 581,736
Noncontrolling interest in consolidated joint ventures 0 53
Total equity 607,088 581,789
Total liabilities and equity 2,340,378 2,492,940
Common Class A [Member]    
Hovnanian Enterprises, Inc. stockholders' equity:    
Common stock 62 62
Common Class B [Member]    
Hovnanian Enterprises, Inc. stockholders' equity:    
Common stock 8 8
Home Building [Member]    
ASSETS    
Cash and cash equivalents 183,118 434,119
Restricted cash and cash equivalents 8,369 8,431
Inventories:    
Sold and unsold homes and lots under development 1,092,347 998,841
Land and land options held for future development or sale 173,134 125,587
Consolidated inventory not owned 198,077 224,758
Total inventories 1,463,558 1,349,186
Investments in and advances to unconsolidated joint ventures 110,592 97,886
Receivables, deposits and notes, net 24,208 27,982
Property and equipment, net 37,441 33,946
Prepaid expenses and other assets 68,127 69,886
Total assets excluding deferred tax assets, net 1,895,413 2,021,436
LIABILITIES AND EQUITY    
Nonrecourse mortgages, net of debt issuance costs 99,553 91,539
Accounts payable and other liabilities 360,207 415,480
Customers’ deposits 51,798 51,419
Liabilities from inventory not owned, net of debt issuance costs 114,658 124,254
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) 934,617 1,051,491
Accrued interest 41,472 26,926
Total liabilities excluding income taxes payable 1,602,305 1,761,109
Financial Services [Member]    
Inventories:    
Total assets excluding deferred tax assets, net 149,633 168,671
LIABILITIES AND EQUITY    
Total liabilities excluding income taxes payable $ 128,402 $ 148,181