v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 30, 2026
Oct. 31, 2025
ASSETS    
Cash and cash equivalents $ 1,105,511 $ 1,258,997
Inventory 11,377,712 10,678,460
Property, construction, and office equipment – net 283,878 273,397
Receivables, prepaid expenses, and other assets 543,805 554,720
Real estate and related assets held for sale 0 420,969
Mortgage loans held for sale – at fair value 141,482 200,816
Customer deposits held in escrow 125,326 106,612
Investments in unconsolidated entities [1] 955,462 1,025,895
Total assets 14,533,176 14,519,866
Liabilities    
Loans payable 903,336 896,388
Senior notes 1,742,154 1,741,525
Mortgage company loan facility 138,202 150,000
Customer deposits 472,098 418,897
Accounts payable 461,439 615,771
Accrued expenses 2,158,618 2,061,919
Liabilities related to assets held for sale 0 172,186
Income taxes payable 171,337 177,116
Total liabilities 6,047,184 6,233,802
Stockholders’ equity    
Preferred stock, none issued 0 0
Common stock, 102,937 shares issued at April 30, 2026 and October 31, 2025 1,029 1,029
Additional paid-in capital ("APIC") 649,556 687,123
Retained earnings 8,997,249 8,574,807
Treasury stock, at cost —9,297 and 8,140 shares at April 30, 2026 and October 31, 2025, respectively (1,191,681) (1,014,568)
Accumulated other comprehensive income ("AOCI") 19,002 22,272
Total stockholders’ equity 8,475,155 8,270,663
Noncontrolling interest 10,837 15,401
Total equity 8,485,992 8,286,064
Total liabilities and stockholders' equity $ 14,533,176 $ 14,519,866
[1] As of April 30, 2026 and October 31, 2025, Investments in unconsolidated entities include $76.3 million and $77.0 million, respectively, of assets related to consolidated variable interest entities (“VIEs”). See Note 4, “Investments in Unconsolidated Entities” for additional information regarding VIEs.