Toll Brothers, Inc. (TOL)

Toll Brothers Cash Flow Statement

Financials in millions USD. Fiscal year is November - October.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Net Income	1,346	1,571	1,372	1,287	833.63
Depreciation & Amortization	82.09	81.2	76.47	76.82	76.25
Loss (Gain) From Sale of Assets	-	-5.04	-0.42	0.58	-38.71
Asset Writedown & Restructuring Costs	100.04	72.79	69.54	39.54	26.54
Loss (Gain) on Equity Investments	42.36	63.12	38.3	8.59	9.08
Stock-Based Compensation	30.83	29.56	24.81	21.1	23.19
Other Operating Activities	87.48	-81.87	39.42	-92.9	46.62
Change in Accounts Receivable	-24.81	0.51	-135.92	-95.02	135.81
Change in Inventory	-521.18	-575.73	-22.21	-618.83	-196.23
Change in Accounts Payable	64.62	-21.79	-23.67	152.5	214.83
Change in Income Taxes	-21.14	31.93	-162.57	160.5	25.13
Change in Other Net Operating Assets	-74.36	-155.69	-9.38	47.44	147
Operating Cash Flow	1,112	1,010	1,266	986.82	1,303
Operating Cash Flow Growth	10.12%	-20.23%	28.34%	-24.27%	29.26%
Capital Expenditures	-86.2	-73.64	-72.96	-71.73	-66.88
Sale of Property, Plant & Equipment	-	1.14	26.05	28.31	80.42
Investment in Securities	-222.16	-91.87	-103.69	-109.96	-18.43
Other Investing Activities	-1.68	-3.24	-	0.2	0.65
Investing Cash Flow	-310.03	-167.62	-150.6	-153.18	-4.24
Long-Term Debt Issued	5,075	3,745	3,079	4,305	3,158
Long-Term Debt Repaid	-5,129	-3,845	-3,639	-4,766	-3,719
Net Debt Issued (Repaid)	-53.5	-100.09	-560.28	-461.41	-561.2
Issuance of Common Stock	-	4.13	48.27	-	10.49
Repurchase of Common Stock	-670.94	-627.06	-561.6	-543.43	-378.26
Common Dividends Paid	-97.08	-93.4	-91.08	-88.9	-76.62
Other Financing Activities	-12.36	-0.04	-5.35	-25.77	-5.49
Financing Cash Flow	-833.88	-816.46	-1,170	-1,120	-1,011
Net Cash Flow	-31.5	26.09	-54.21	-285.86	287.81
Free Cash Flow	1,026	936.52	1,193	915.09	1,236
Free Cash Flow Growth	9.58%	-21.53%	30.42%	-25.98%	37.58%
Free Cash Flow Margin	9.36%	8.63%	11.94%	8.91%	14.06%
Free Cash Flow Per Share	10.29	8.95	10.75	7.76	9.83
Cash Income Tax Paid	372.36	550.08	584.7	350.65	229.74
Levered Free Cash Flow	849.77	787.2	985.53	395.04	742.87
Unlevered Free Cash Flow	849.77	787.2	985.53	395.04	742.87
Change in Working Capital	-576.87	-720.78	-353.76	-353.41	326.53

Updated Dec 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q