Toll Brothers, Inc. TOL Cash Flow

Toll brothers, inc. (TOL)

CashFlow / TTM

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10
Cash flow provided by (used in) operating activities:
Net Income (Loss) Attributable to Parent
534,833	590,007	698,668	745,608	728,094	748,151	629,053	584,358	597,186	535,495	457,995	414,915	379,331	382,095	414,880	376,146	355,022	363,167	347,528	378,485	375,777	340,032	303,413	252,302	211,754	170,606	487,118	502,166	494,364	487,146	90,772	71,237	33,592	39,795	75,231	60,425	40,797	-3,374	0	0	0
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization
71,147	72,149	57,958	46,053	34,757	25,259	25,662	25,758	25,502	25,361	24,706	24,215	23,618	23,121	22,728	22,814	23,281	23,557	23,976	23,676	23,519	22,999	22,763	23,537	23,974	25,210	25,200	24,656	23,882	22,586	22,542	23,503	23,984	23,142	23,212	21,356	19,945	20,044	0	0	0
Stock-based compensation
30,978	26,180	25,784	26,881	28,008	28,312	28,257	28,228	28,026	28,466	27,761	27,183	26,785	26,679	26,215	25,432	24,680	22,903	22,365	21,914	21,433	21,656	21,577	21,308	21,026	19,041	17,797	16,771	15,633	15,575	14,574	13,608	12,747	12,494	12,458	12,044	12,106	11,677	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,844	-752	59	1,628	11,975	8,797	8,670	7,593	24,638	26,258	25,206	24,417	0	0	0	-	-	-	-	-	-	-	-	-4,954	0	0	0
Income (Loss) from Equity Method Investments
30,869	24,868	49,086	54,355	52,500	85,240	57,705	65,161	108,501	116,066	130,268	115,341	78,555	40,748	26,793	27,747	24,856	21,119	20,029	15,027	23,127	41,141	43,740	43,558	34,224	14,392	12,398	17,302	17,677	21,281	28,808	34,476	37,365	39,676	47,248	39,079	32,102	23,470	0	0	0
(Recovery) impairment of investment in unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,870	0	0	0	-	-	-	-
Distributions of earnings from unconsolidated entities
40,075	31,799	58,852	60,426	53,634	86,099	62,319	64,935	124,602	134,291	125,810	113,921	59,998	15,287	25,615	18,199	18,936	19,459	10,852	15,992	26,223	43,973	52,854	54,084	43,198	23,468	13,424	12,563	6,799	5,258	8,794	6,842	10,160	12,081	0	0	0	-	-	-	-
Income from foreclosed real estate and distressed loans
1,062	947	769	876	1,273	1,551	1,919	1,945	4,755	4,937	11,084	10,993	7,467	8,390	7,670	9,479	12,477	13,269	9,001	13,104	11,559	15,833	20,040	19,353	19,920	16,312	10,015	7,333	11,317	12,444	0	0	0	-	-	-	-	-	-	-	-
Deferred tax (benefit) provision
101,894	102,764	4,862	10,513	10,266	-21,930	138,851	184,162	184,961	217,864	88,325	22,346	20,993	19,252	33,271	55,609	64,104	62,084	41,784	35,764	44,287	47,431	53,432	75,735	74,624	75,219	86,773	63,476	45,362	41,810	-21,040	-14,991	-12,845	-18,188	79,713	65,145	68,948	60,697	0	0	0
Change in deferred tax valuation allowances
-	-	-	-	-	-	-	-	-	32,154	31,642	-978	-906	-1,018	10,748	11,050	12,287	12,642	10,662	11,993	11,688	11,929	859	1,286	1,569	1,337	396,374	399,313	396,180	394,718	-21,040	-14,991	-12,845	-18,188	79,713	65,145	68,948	60,697	0	0	0
Inventory impairments and write-offs
35,829	42,360	38,046	44,427	38,865	35,156	32,226	23,562	13,986	14,794	13,768	15,090	17,187	13,807	15,783	30,033	35,846	35,709	42,059	30,082	19,840	20,678	12,444	6,691	5,796	4,523	3,467	6,349	7,328	14,739	30,225	43,917	54,831	51,837	61,899	57,594	87,003	115,258	0	0	0
Gain on sales of golf club property and an office building
-	36,277	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-369	-1,042	2,367	2,611	2,808	3,111	-696	-352	-143	1,395	1,229	683	147	-1,739	-848	-482	-213	-316	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of mortgage loans receivable and derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	108	-662	-462	-670	-397	-59	107	475	0	0	0	-	-	-	-
(Gain) loss on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-15	138	1	40	0	0	0	-	-	-	-	-	-	-	-
Expenses related to early retirement of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,208	0	0	0
Changes in operating assets and liabilities
Increase in inventory
185,362	40,236	-133,326	-182,159	-114,908	143,598	183,336	221,107	151,316	-129,666	-47,474	291,568	353,520	391,178	669,848	439,803	411,007	351,983	268,830	154,071	22,484	271,982	542,722	643,780	926,513	941,314	724,945	610,842	466,195	195,948	229,955	263,764	203,331	215,738	206,439	101,980	208,957	140,344	0	0	0
Origination of mortgage loans
1,621,997	1,611,496	1,582,550	1,547,241	1,524,409	1,449,494	1,337,345	1,278,723	1,215,989	1,217,274	1,270,254	1,298,604	1,292,094	1,275,047	1,179,527	1,136,673	1,077,723	1,029,112	947,757	892,767	839,224	818,515	798,990	750,011	748,703	743,497	707,746	699,704	672,104	651,618	607,691	582,382	568,297	630,294	667,552	688,301	687,131	628,154	0	0	0
Sale of mortgage loans
1,598,346	1,565,944	1,509,017	1,535,925	1,507,655	1,410,627	1,332,297	1,255,241	1,231,760	1,332,207	1,349,273	1,333,165	1,277,846	1,150,156	1,138,715	1,093,364	1,061,018	1,007,671	919,011	880,796	841,474	829,948	774,582	746,775	740,586	716,586	705,243	684,844	659,332	629,397	581,445	560,995	572,614	659,610	688,754	706,478	677,753	579,221	0	0	0
Decrease in restricted cash and investments
-	-	-	-	-	-	-	-	-	-	0	0	1,144	-	25,263	10,935	11,888	-1,547	-4,481	-4,580	-14,713	-13,694	-11,015	-11,259	-1,582	-15,240	-13,592	-13,597	-14,484	27,516	22,783	15,273	-4,167	-41,146	0	0	0	-	-	-	-
(Increase) decrease in receivables, prepaid expenses and other assets
309,591	185,261	131,926	97,053	130,833	99,604	231,406	214,366	161,353	60,944	263,798	277,234	228,486	321,847	34,210	29,745	64,844	55,553	30,443	15,014	-1,805	5,214	40,200	41,209	50,812	51,794	35,296	21,900	56,534	36,497	22,681	42,560	1,775	5,619	14,213	-971	-1,370	3,115	0	0	0
Increase (Decrease) in Income Taxes Receivable
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20,250	0	0	0
Increase in customer deposits, net
35,069	14,041	4,108	-12,497	4,174	-718	13,615	21,067	16,009	37,967	48,683	52,827	43,158	27,838	20,296	29,672	47,215	46,478	52,948	30,744	17,423	10,516	10,323	34,258	47,456	52,383	71,823	62,664	53,212	44,383	36,862	24,459	14,128	13,175	12,643	8,779	-9,139	-15,182	0	0	0
Decrease in accounts payable and accrued expenses
17,542	-64,518	-76,276	-99,236	-54,795	57,927	17,810	2,375	-24,369	-140,463	352,635	363,074	336,907	524,553	58,392	53,138	56,399	28,729	53,912	68,564	86,236	82,101	64,093	158,841	87,483	100,463	72,641	-45,657	-9,892	58,537	49,716	59,867	134,738	28,624	124,775	75,449	14,020	38,598	0	0	0
Decrease in income taxes payable
-	-22,147	5,658	-1,213	0	-4,296	-75,545	-70,801	-14,913	-23,970	13,530	9,956	-42,125	6,028	43,348	42,999	-1,142	-65,500	-56,590	-38,181	-25,387	52,401	71,176	23,350	38,396	21,244	-751	-14,950	-17,011	-25,075	-26,106	-44,943	-41,933	-56,225	-25,223	-11,802	-9,510	14,828	0	0	0
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
256,470	437,661	684,708	828,801	732,810	588,211	379,677	292,370	507,706	861,698	884,123	409,825	198,278	150,885	-153,820	82,244	70,005	60,182	163,333	341,443	530,540	313,200	-73,812	-189,740	-513,529	-568,963	-396,134	-345,867	-315,280	-171,537	-219,552	-309,970	-26,138	58,753	-37,391	175,254	-151,014	-146,284	0	0	0
Cash flow provided by (used in) investing activities:
Purchase of property and equipment - net
94,234	86,971	67,809	66,672	46,114	28,232	28,172	23,664	24,252	28,872	27,547	32,811	33,147	28,426	25,482	10,887	8,156	9,447	12,819	15,191	15,105	15,074	11,883	12,070	24,029	26,567	26,628	25,656	13,919	11,920	18,005	16,872	14,567	15,456	10,305	9,194	8,835	4,830	0	0	0
Purchase of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,202	298,591	438,287	605,977	579,958	350,346	301,592	333,626	452,864	472,599	401,617	191,750	157,962	0	0	0
Sale and redemption of marketable securities and restricted investments - net
-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	10,000	10,000	10,000	2,000	1,999	2,999	2,999	40,242	109,494	217,605	418,314	417,846	446,345	418,021	318,811	368,253	360,962	371,467	394,548	408,831	0	0	0	-	-	-	-
Investments in and advances to unconsolidated entities
44,264	56,560	55,562	48,251	40,274	27,491	17,809	19,619	26,815	122,334	148,742	161,787	157,758	69,655	125,286	117,618	117,094	123,940	59,271	60,080	71,305	113,029	137,227	142,058	146,192	93,398	70,557	174,146	152,990	217,160	195,945	75,140	71,916	132	2,658	32,355	53,334	58,286	0	0	0
Return of investments in unconsolidated entities
134,233	147,927	151,894	149,340	139,614	133,190	149,828	151,733	198,505	195,505	152,383	117,415	66,255	47,806	39,732	57,607	48,230	39,766	57,971	45,468	47,756	73,845	70,033	74,137	84,927	69,809	55,590	52,486	40,346	38,368	50,255	48,126	52,337	43,309	28,735	21,001	15,301	9,696	0	0	0
Investment in distressed loans and foreclosed real estate
835	731	1,049	1,293	1,004	966	541	392	528	710	857	780	713	1,133	1,492	1,793	1,850	2,624	3,058	3,029	3,366	2,089	1,127	757	10,094	26,155	26,155	28,755	19,932	30,090	0	0	0	-	-	-	-	-	-	-	-
Return of investments in distressed loans and foreclosed real estate
3,548	3,147	2,480	2,857	3,742	4,765	5,270	12,511	13,418	13,765	27,447	20,560	46,150	49,619	48,854	56,468	36,354	37,625	35,827	45,298	42,148	53,130	52,649	43,680	41,929	27,370	17,691	11,239	16,020	16,707	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sales of golf club property and an office building
-	79,647	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposit - acquisition of a business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	-	-	-	83,088	85,183	85,183	85,183	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	144,746	144,746	144,746	144,746	0	0	0	0	-	-	-	-
Net Cash (Used in) Provided By Investing Activities, Continuing Operations
-102,498	-75,914	-29,347	69,520	74,184	81,266	110,671	122,664	162,423	-7,685	-64,450	-124,537	-146,347	8,211	-53,674	-6,223	-28,668	-52,772	24,497	19,313	-1,324,989	-1,452,091	-1,407,177	-1,308,619	193,672	332,703	97,695	-185,098	-417,641	-560,546	-335,524	-156,585	-204,739	-80,373	-120,495	-177,226	-76,118	-151,382	0	0	0
Cash flow (used in) provided by financing activities:
Proceeds from issuance of senior notes
-	-	-	-	-	400,000	400,000	555,483	855,483	455,483	0	0	0	-	-	-	-	-	-	-	-	600,000	600,000	702,333	1,000,383	400,383	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs for senior notes
-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	3,239	-	39	39	39	4,739	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from loans payable
2,592,251	2,699,028	2,663,748	2,732,193	2,850,522	2,630,835	2,445,656	2,089,872	1,850,480	1,621,043	1,770,440	2,390,966	2,464,024	2,443,496	2,494,866	2,247,363	2,079,662	1,954,432	1,574,585	1,160,862	2,168,661	2,229,371	2,238,620	2,260,209	1,195,035	1,164,531	1,124,244	1,104,726	1,048,625	1,002,934	930,073	882,630	854,355	921,251	983,821	1,019,474	1,014,831	927,233	0	0	0
Debt issuance costs for loans payable
-	6,180	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of loans payable
2,446,504	2,471,616	2,366,496	2,545,811	2,636,017	2,690,164	2,506,774	2,101,625	2,170,264	1,999,357	2,322,576	2,551,554	2,243,879	2,497,585	2,304,003	2,206,531	2,157,663	1,659,458	1,392,809	1,293,276	1,732,254	1,767,115	1,778,536	1,697,026	1,202,857	1,195,524	1,161,675	1,131,547	1,078,047	1,016,081	926,732	883,370	860,763	952,621	1,339,869	1,396,353	1,432,995	1,316,514	0	0	0
Redemption of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47,872	0	0	0
Redemption of senior notes
-	600,000	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	163,853	59,068	59,068	59,068	0	0	0	0	-	-	-	-	-	-	-	-
(Payments) proceeds from stock-based benefit plans
23,435	17,369	9,102	5,561	3,981	13,392	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	220,365	220,365	220,357	220,357	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock-based benefit plans
-	-	-	-	-	-	-	-	-	-	59,608	42,611	28,048	6,986	9,604	10,460	26,510	39,514	37,055	39,088	27,608	28,364	31,988	30,701	28,219	15,798	19,597	24,988	30,521	33,747	26,315	38,044	31,542	25,531	24,047	8,141	8,068	7,589	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,844	-752	59	1,628	11,975	8,797	8,670	7,593	24,638	26,258	25,206	24,417	0	0	0	-	-	-	-	-	-	-	-	4,954	0	0	0
Purchase of treasury stock
684,404	233,523	243,738	236,925	328,045	503,159	627,060	566,937	475,902	290,881	155,876	177,931	257,873	392,772	377,754	280,535	200,781	56,888	97,159	97,185	96,912	90,754	409	15,384	15,382	15,377	15,430	399	520	505	49,023	48,997	49,003	49,102	551	595	609	588	0	0	0
Dividends paid
62,228	63,641	64,325	65,048	65,780	61,704	58,090	54,626	50,880	38,587	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (Payments to) Noncontrolling Interests
0	-	-	-	-	-	-	-	-	-	-	-	-	404	817	-1,787	-541	-785	-1,221	1,383	141	172	81	81	114	33	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Used in Financing Activities, Continuing Operations
-431,479	-258,514	-353,600	-462,056	-527,488	-214,301	-1,019,507	-735,857	-638,693	-878,248	-225,332	-17,200	-14,706	-444,374	164,540	-185,000	-205,993	325,268	-167,671	-180,420	104,860	952,234	956,297	1,147,079	1,141,590	230,408	596,329	525,028	525,983	604,567	266,460	225,697	-80,028	-111,100	-386,682	-410,101	-454,239	-470,992	0	0	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect
-277,507	103,233	301,761	436,265	279,506	455,176	-529,159	-320,823	31,436	-24,235	594,341	268,088	37,225	-285,278	-42,954	-108,979	-164,656	332,678	20,159	180,336	-689,589	-186,657	-524,692	-351,280	821,733	-5,852	297,890	-5,937	-206,938	-127,516	-288,616	-240,858	-310,905	-132,720	-544,568	-412,073	-681,371	-768,658	0	0	0