Toll Brothers, Inc. (TOL)

Toll Brothers Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Net Income	1,375	1,571	1,372	1,287	833.63	446.62
Depreciation & Amortization	86.05	81.2	76.47	76.82	76.25	68.87
Loss (Gain) From Sale of Assets	-	-5.04	-0.42	0.58	-38.71	-12.97
Asset Writedown & Restructuring Costs	82.96	72.79	69.54	39.54	26.54	55.88
Loss (Gain) on Equity Investments	42.45	63.12	38.3	8.59	9.08	26.29
Stock-Based Compensation	30.72	29.56	24.81	21.1	23.19	24.33
Other Operating Activities	-76.28	-81.87	39.42	-92.9	46.62	94.01
Change in Accounts Receivable	1.11	0.51	-135.92	-95.02	135.81	-176.29
Change in Inventory	-526.5	-575.73	-22.21	-618.83	-196.23	352.86
Change in Accounts Payable	-37.2	-21.79	-23.67	152.5	214.83	71.84
Change in Income Taxes	107.94	31.93	-162.57	160.5	25.13	-4.19
Change in Other Net Operating Assets	-91.53	-155.69	-9.38	47.44	147	60.88
Operating Cash Flow	994.89	1,010	1,266	986.82	1,303	1,008
Operating Cash Flow Growth	8.25%	-20.23%	28.34%	-24.27%	29.26%	130.34%
Capital Expenditures	-76.55	-73.64	-72.96	-71.73	-66.88	-109.56
Sale of Property, Plant & Equipment	1.14	1.14	26.05	28.31	80.42	15.62
Cash Acquisitions	-	-	-	-	-	-60.35
Investment in Securities	-211.8	-91.87	-103.69	-109.96	-18.43	-24.25
Other Investing Activities	-4.54	-3.24	-	0.2	0.65	0.7
Investing Cash Flow	-291.75	-167.62	-150.6	-153.18	-4.24	-177.85
Long-Term Debt Issued	-	3,745	3,079	4,305	3,158	4,027
Long-Term Debt Repaid	-	-3,845	-3,639	-4,766	-3,719	-4,113
Net Debt Issued (Repaid)	3.85	-100.09	-560.28	-461.41	-561.2	-85.8
Issuance of Common Stock	4.13	4.13	48.27	-	10.49	24.86
Repurchase of Common Stock	-607.8	-627.06	-561.6	-543.43	-378.26	-634.06
Common Dividends Paid	-96.37	-93.4	-91.08	-88.9	-76.62	-56.59
Other Financing Activities	-31.94	-0.04	-5.35	-25.77	-5.49	-1.72
Financing Cash Flow	-728.12	-816.46	-1,170	-1,120	-1,011	-753.31
Net Cash Flow	-24.98	26.09	-54.21	-285.86	287.81	76.96
Free Cash Flow	918.34	936.52	1,193	915.09	1,236	898.55
Free Cash Flow Growth	8.71%	-21.53%	30.42%	-25.98%	37.58%	156.22%
Free Cash Flow Margin	8.44%	8.63%	11.94%	8.91%	14.06%	12.70%
Free Cash Flow Per Share	9.09	8.95	10.75	7.76	9.83	6.85
Cash Income Tax Paid	408.92	550.08	584.7	350.65	229.74	46.69
Levered Free Cash Flow	523	710.56	985.53	416.13	742.87	708.96
Unlevered Free Cash Flow	523	710.56	985.53	416.13	742.87	710.49
Change in Working Capital	-546.18	-720.78	-353.76	-353.41	326.53	305.09

Updated Aug 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q