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CONDENSED CONSOLIDATED BALANCE SHEETS (Current Period Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2024
Oct. 31, 2023
Inventories:    
Deferred tax assets, net $ 257,909 $ 302,833
Total assets 2,540,505 2,492,940
LIABILITIES AND EQUITY    
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) 898,749 1,051,491
Income taxes payable 0 1,861
Total liabilities 1,837,121 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 July 31, 2024 and October 31, 2023 135,299 135,299
Paid in capital - common stock 744,479 735,946
Accumulated deficit (17,545) (157,197)
Treasury stock - at cost – 1,090,179 shares of Class A common stock at July 31, 2024 and 901,379 shares at October 31, 2023; 27,669 shares of Class B common stock at July 31, 2024 and October 31, 2023 (158,921) (132,382)
Total Hovnanian Enterprises, Inc. stockholders’ equity 703,384 581,736
Noncontrolling interest in consolidated joint ventures 0 53
Total equity 703,384 581,789
Total liabilities and equity 2,540,505 2,492,940
Common Class A [Member]    
Hovnanian Enterprises, Inc. stockholders' equity:    
Common stock, Class A, $0.01 par value - authorized 16,000,000 shares; issued 6,410,759 shares at July 31, 2024 and 6,247,308 shares at October 31, 2023 64 62
Common Class B [Member]    
Hovnanian Enterprises, Inc. stockholders' equity:    
Common stock, Class A, $0.01 par value - authorized 16,000,000 shares; issued 6,410,759 shares at July 31, 2024 and 6,247,308 shares at October 31, 2023 8 8
Home Building [Member]    
ASSETS    
Cash and cash equivalents 122,036 434,119
Restricted cash and cash equivalents 9,615 8,431
Inventories:    
Sold and unsold homes and lots under development 1,267,477 998,841
Land and land options held for future development or sale 166,552 125,587
Consolidated inventory not owned 216,441 224,758
Total inventories 1,650,470 1,349,186
Investments in and advances to unconsolidated joint ventures 126,318 97,886
Receivables, deposits and notes, net 48,067 27,982
Property and equipment, net 41,219 33,946
Prepaid expenses and other assets 78,506 69,886
Total assets excluding deferred tax assets, net 2,076,231 2,021,436
LIABILITIES AND EQUITY    
Nonrecourse mortgages secured by inventory, net of debt issuance costs 115,357 91,539
Accounts payable and other liabilities 419,836 415,480
Customers’ deposits 48,791 51,419
Liabilities from inventory not owned, net of debt issuance costs 135,559 124,254
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) 898,749 1,051,491
Accrued interest 32,799 26,926
Total liabilities excluding income taxes payable 1,651,091 1,761,109
Financial Services [Member]    
Inventories:    
Total assets excluding deferred tax assets, net 206,365 168,671
LIABILITIES AND EQUITY    
Total liabilities excluding income taxes payable $ 186,030 $ 148,181