Toll Brothers Cash Flow Statement

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

Millions USD. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Net Income	1,288	1,346	1,571	1,372	1,287	833.63
Depreciation & Amortization	77.64	82.09	81.2	76.47	76.82	76.25
Stock-Based Compensation	31.37	30.83	29.56	24.81	21.1	23.19
Other Adjustments	231.76	229.87	48.99	146.84	-44.19	43.53
Changes in Inventories	-192.45	-521.18	-575.73	-22.21	-618.83	-196.23
Changes in Accounts Payable	-270.14	64.62	-21.79	-23.67	152.5	214.83
Changes in Income Taxes Payable	-73.63	-21.14	31.93	-162.57	160.5	25.13
Changes in Unearned Revenue	-55.11	-66.71	-77.19	-88.29	-3.28	165.64
Changes in Other Operating Activities	274.75	-32.45	-77.99	-57.01	-44.3	117.17
Operating Cash Flow	1,312	1,112	1,010	1,266	986.82	1,303
Operating Cash Flow Growth	63.97%	10.12%	-20.23%	28.34%	-24.27%	29.26%
Capital Expenditures	-96.61	-86.2	-73.64	-72.96	-71.73	-66.88
Proceeds from Sale of Investments	204.3	-	-	-	-	-
Other Investing Activities	-92.51	-223.84	-93.98	-77.64	-81.45	62.64
Investing Cash Flow	20.53	-310.03	-167.62	-150.6	-153.18	-4.24
Long-Term Debt Issued	3,624	5,023	3,745	3,079	4,305	3,158
Long-Term Debt Repaid	-3,879	-5,037	-3,845	-3,639	-4,766	-3,719
Net Long-Term Debt Issued (Repaid)	-254.58	-14.09	-100.09	-560.28	-461.41	-561.2
Issuance of Common Stock	-9.82	-19.92	4.13	48.27	-0.69	10.49
Repurchase of Common Stock	-676.14	-651.02	-627.06	-561.6	-542.74	-378.26
Net Common Stock Issued (Repurchased)	-685.95	-670.94	-622.93	-513.33	-543.43	-367.77
Common Dividends Paid	-97.45	-97.08	-93.4	-91.08	-88.9	-76.62
Other Financing Activities	-24.09	-51.77	-0.04	-5.35	-25.77	-5.49
Financing Cash Flow	-922.16	-833.88	-816.46	-1,170	-1,120	-1,011
Net Cash Flow	410.42	-31.5	26.09	-54.21	-285.86	287.81
Free Cash Flow	1,215	1,026	936.52	1,193	915.09	1,236
Free Cash Flow Growth	18.44%	9.58%	-21.53%	30.42%	-25.98%	37.58%
FCF Margin	11.00%	9.36%	8.63%	11.94%	8.91%	14.06%
Free Cash Flow Per Share	12.50	10.28	8.95	10.75	7.76	9.83
Levered Free Cash Flow	697.74	751.42	757.89	461.55	476.78	608.33
Unlevered Free Cash Flow	878.1	712.33	823.73	934.24	790.86	1,109

SEC Filings: 10-K · 10-Q