Toll Brothers Inc
For the period ended Oct 31, 2024. Filed Dec 20, 2024.
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FY2024 · Filed Dec 20, 2024
TOL$152.19-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows F-
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year ended October 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flow provided by operating activities: | |||
| Net income | $1,571,195 | $1,372,071 | $1,286,500 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 81,201 | 76,473 | 76,816 |
| Stock-based compensation | 29,558 | 24,805 | 21,095 |
| Loss (income) from unconsolidated entities | 23,843 | (50,098) | (23,723) |
| Distributions of earnings from unconsolidated entities | 39,276 | 88,393 | 32,316 |
| Deferred tax provision | (80,330) | 36,239 | (96,680) |
| Impairment charges and write-offs | 72,789 | 69,537 | 39,541 |
| (Gain) loss on sale of assets | (5,042) | (416) | 576 |
| Other - net | (1,544) | 3,181 | 3,781 |
| Changes in operating assets and liabilities: | |||
| Inventory | (575,734) | (22,212) | (618,829) |
| Origination of mortgage loans | (2,137,278) | (1,602,700) | (2,035,637) |
| Sale of mortgage loans | 2,058,780 | 1,681,610 | 2,086,358 |
| Receivables, prepaid expenses, and other assets | 505 | (135,924) | (95,018) |
| Current income taxes – net | 31,927 | (162,570) | 160,500 |
| Customer deposits – net | (77,189) | (88,285) | (3,279) |
| Accounts payable and accrued expenses | (21,790) | (23,674) | 152,499 |
| Net cash provided by operating activities | 1,010,167 | 1,266,430 | 986,816 |
| Cash flow used in investing activities: | |||
| Purchase of property, construction, and office equipment – net | (73,643) | (72,961) | (71,726) |
| Investments in unconsolidated entities | (193,235) | (216,438) | (226,724) |
| Return of investments in unconsolidated entities | 101,363 | 112,749 | 116,769 |
| Proceeds from the sale of assets, including ownership interests in unconsolidated entities | 1,139 | 26,049 | 28,309 |
| Other – net | (3,242) | — | 196 |
| Net cash used in investing activities | (167,618) | (150,601) | (153,176) |
| Cash flow used in financing activities: | |||
| Proceeds from loans payable | 3,744,727 | 3,079,142 | 4,304,635 |
| Debt issuance costs | (202) | (5,365) | — |
| Principal payments of loans payable | (3,844,816) | (3,239,418) | (4,356,185) |
| Redemption of senior notes | — | (400,000) | (409,856) |
| Proceeds (payments) related to stock-based benefit plans – net | 4,131 | 48,269 | (690) |
| Purchase of treasury stock and excise tax payment | (627,061) | (561,595) | (542,739) |
| Dividends paid | (93,401) | (91,082) | (88,901) |
| Receipts (payments) related to noncontrolling interest – net | 167 | 11 | (25,766) |
| Net cash used in financing activities | (816,455) | (1,170,038) | (1,119,502) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 26,094 | (54,209) | (285,862) |
| Cash, cash equivalents, and restricted cash, beginning of year | 1,344,341 | 1,398,550 | 1,684,412 |
| Cash, cash equivalents, and restricted cash, end of year | $1,370,435 | $1,344,341 | $1,398,550 |
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