Toll Brothers Inc
For the period ended Oct 31, 2024. Filed Dec 20, 2024.
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FY2024 · Filed Dec 20, 2024
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Consolidated Balance Sheets F-
CONSOLIDATED BALANCE SHEETS
| October 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Cash and cash equivalents | $1,303,039 | $1,300,068 |
| Inventory | 9,712,925 | 9,057,578 |
| Property, construction, and office equipment – net | 453,007 | 323,990 |
| Receivables, prepaid expenses, and other assets (1) | 590,611 | 691,256 |
| Mortgage loans held for sale – at fair value | 191,242 | 110,555 |
| Customer deposits held in escrow | 109,691 | 84,530 |
| Investments in unconsolidated entities (1) | 1,007,417 | 959,041 |
| $13,367,932 | $12,527,018 | |
| LIABILITIES AND EQUITY | ||
| Liabilities | ||
| Loans payable | $1,085,817 | $1,164,224 |
| Senior notes | 1,597,102 | 1,596,185 |
| Mortgage company loan facility | 150,000 | 100,058 |
| Customer deposits | 488,690 | 540,718 |
| Accounts payable | 492,213 | 597,582 |
| Accrued expenses | 1,752,848 | 1,548,781 |
| Income taxes payable | 114,547 | 166,268 |
| Total liabilities | 5,681,217 | 5,713,816 |
| Equity | ||
| Stockholders’ equity | ||
| Preferred stock, none issued | — | — |
| Common stock, 112,937 shares issued at October 31, 2024 and October 31, 2023 | 1,129 | 1,129 |
| Additional paid-in capital | 694,713 | 698,548 |
| Retained earnings | 8,153,356 | 6,675,719 |
| Treasury stock, at cost —13,149 and 9,146 shares at October 31, 2024 and October 31, 2023, respectively | (1,209,547) | (619,150) |
| Accumulated other comprehensive income ("AOCI") | 31,277 | 40,910 |
| Total stockholders’ equity | 7,670,928 | 6,797,156 |
| Noncontrolling interest | 15,787 | 16,046 |
| Total equity | 7,686,715 | 6,813,202 |
| $13,367,932 | $12,527,018 | |
(1) As of October 31, 2024 and 2023, Receivables, prepaid expenses and other assets and Investments in unconsolidated entities include $105.3 million and $89.6 million, respectively, of assets related to consolidated variable interest entities ("VIEs"). See Note 4, “Investments in Unconsolidated Entities” for additional information regarding VIEs.
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