← Toll Brothers, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $382.1m | $535.5m | $748.2m | $590.0m | $446.6m | $833.6m | $1.3b | $1.4b | $1.6b | $1.3b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($16k) | ($14k) | ($15k) | ($19k) | ($10k) | ($6.8m) | $64k | ($666k) | ($1.1m) | $986k | |
| Depreciation, Depletion and Amortization | $23.1m | $25.4m | $25.3m | $72.1m | $68.9m | $76.2m | $76.8m | $76.5m | $81.2m | $82.1m | |
| Depreciation | $15.5m | $18.7m | $21.0m | $67.6m | $67.6m | $74.8m | $75.9m | $75.5m | $80.9m | $82.1m | |
| Deferred Income Tax Expense (Benefit) | $20.3m | $185.7m | ($21.9m) | $102.8m | $97.8m | $11.8m | ($95.8m) | $36.5m | ($80.3m) | $86.7m | |
| Share-based Payment Arrangement, Noncash Expense | $26.7m | $28.5m | $28.3m | $26.2m | $24.3m | $23.2m | $21.1m | $24.8m | $29.6m | $30.8m | |
| Share-based Payment Arrangement, Expense | $26.7m | $28.5m | $28.3m | $26.2m | $24.3m | $23.2m | $21.1m | $24.8m | $29.6m | $30.8m | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | $38.7m | ($576k) | $416k | $5.0m | $0 | |
| Gain (Loss) on Disposition of Business | — | — | — | $36.3m | $13.0m | $0 | $0 | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | ($35.2m) | $0 | $0 | — | — | |
| Income (Loss) from Equity Method Investments | $40.7m | $116.1m | $85.2m | $24.9m | $948k | $74.0m | $23.7m | $50.1m | ($23.8m) | $19.1m | |
| Income Tax Expense (Benefit) | $206.9m | $278.8m | $185.8m | $197.2m | $140.3m | $266.7m | $417.2m | $470.3m | $514.4m | $444.9m | |
| Other Nonoperating Income (Expense) | $58.2m | $53.3m | $62.5m | $81.5m | $35.7m | $40.6m | $171.4m | $67.5m | $69.3m | $51.7m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | $391.2m | ($129.7m) | $143.6m | $40.2m | ($352.9m) | $196.2m | $618.8m | $22.2m | $575.7m | $521.2m | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | $148.4m | — | — | — | |
| Inventory Write-down | $13.8m | $14.8m | $35.2m | $42.4m | $55.9m | $26.5m | $32.7m | $30.7m | $59.4m | $65.9m | |
| Investment Income, Interest | $2.4m | $6.0m | $8.6m | $19.0m | $10.0m | $4.3m | — | — | — | — | |
| Proceeds from Stock Options Exercised | $7.0m | $66.0m | $13.4m | — | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $7.2b | $7.1b | $8.8b | $10.3b | $10.0b | $10.8b | $11.0b | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | $10.3m | $34.7m | ($9.8m) | ($20.0m) | ($15.3m) | |
| Net Cash Provided by (Used in) Operating Activities | $148.8m | $959.7m | $602.4m | $437.7m | $1.0b | $1.3b | $986.8m | $1.3b | $1.0b | $1.1b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $28.4m | $28.9m | $28.2m | $87.0m | $109.6m | $66.9m | $71.7m | $73.0m | $73.6m | $86.2m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $83.1m | — | $162.4m | $60.3m | $0 | $0 | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | ($652k) | $196k | $0 | ($3.2m) | $1.7m | |
| Net Cash Provided by (Used in) Investing Activities | — | — | — | ($75.9m) | ($177.8m) | ($4.2m) | ($153.2m) | ($150.6m) | ($167.6m) | ($310.0m) | |
| Cash flows from financing activities: | |||||||||||
| Payments for Repurchase of Common Stock | $392.8m | $290.9m | $503.2m | $233.5m | $634.1m | $378.3m | $542.7m | $561.6m | $627.1m | $651.0m | |
| Proceeds from (Payments to) Noncontrolling Interests | $404k | — | $30k | $49k | ($1.7m) | ($5.5m) | ($25.8m) | $11k | $167k | $637k | |
| Dividends paid | $0 | $38.6m | $61.7m | $63.6m | $56.6m | $76.6m | $88.9m | $91.1m | $93.4m | $97.1m | |
| Net Cash Provided by (Used in) Financing Activities | ($442.3m) | ($872.9m) | ($214.3m) | ($258.5m) | ($753.3m) | ($1.0b) | ($1.1b) | ($1.2b) | ($816.5m) | ($833.9m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $103.2m | $77.0m | $287.8m | ($285.9m) | ($54.2m) | $26.1m | ($31.5m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $1.3b | $1.4b | $1.7b | $1.4b | $1.3b | $1.4b | $1.3b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $12.1m | $21.6m | $20.8m | $35.4m | $18.3m | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.