Cash flow Toll Brothers, Inc.

Equities

TOL

US8894781033

Homebuilding

Real-time Estimate Cboe BZX Other stock markets 16:25:53 10/09/2024 BST			5-day change	1st Jan Change
140.83 ^USD	+1.06%		-0.09%	+35.96%

09-04	Toll Brothers Announces New Luxury Home Community Coming Soon to Murfreesboro, Tennessee	CI
09-04	Toll Brothers Announces New Luxury Home Community Coming Soon to Royersford, Pennsylvania	CI

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Published financial data: TOLL BROTHERS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2019	2020	2021	2022	2023
Revenues	7.22B	7.08B	8.79B	10.28B	9.99B
Total Revenues	7.22B	7.08B	8.79B	10.28B	9.99B
Cost of Goods Sold, Total	5.77B	5.6B	6.82B	7.75B	7.3B
Gross Profit	1.46B	1.47B	1.97B	2.52B	2.7B
Selling General & Admin Expenses, Total	735M	863M	920M	976M	909M
Other Operating Expenses, Total	735M	863M	920M	976M	909M
Operating Income	723M	611M	1.05B	1.55B	1.79B
Interest Expense, Total	-	-2.44M	-	-	-
Interest And Investment Income	19.02M	10.01M	4.32M	-	35.13M
Net Interest Expenses	19.02M	7.57M	4.32M	-	35.13M
Income (Loss) On Equity Invest.	24.87M	948K	74.04M	23.72M	50.1M
Other Non Operating Income (Expenses)	27.89M	18.1M	34.49M	28.34M	4.61M
EBT, Excl. Unusual Items	794M	638M	1.16B	1.6B	1.88B
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	35.1M	12.97M	-	-	-
Asset Writedown	-42.36M	-55.88M	-26.54M	-37.94M	-61.31M
Legal Settlements	-	-	-	141M	27.68M
Other Unusual Items	-	-7.8M	-35.21M	-	-
EBT, Incl. Unusual Items	787M	587M	1.1B	1.7B	1.84B
Income Tax Expense	197M	140M	267M	417M	470M
Earnings From Continuing Operations	590M	447M	834M	1.29B	1.37B
Net Income to Company	590M	447M	834M	1.29B	1.37B
Net Income - (IS)	590M	447M	834M	1.29B	1.37B
Net Income to Common Incl Extra Items	590M	447M	834M	1.29B	1.37B
Net Income to Common Excl. Extra Items	590M	447M	834M	1.29B	1.37B
Per Share Items
Net EPS - Basic	4.07	3.43	6.72	11.02	12.47
Basic EPS - Continuing Operations	4.07	3.43	6.72	11.02	12.47
Basic Weighted Average Shares Outstanding	145M	130M	124M	117M	110M
Net EPS - Diluted	4.03	3.4	6.63	10.9	12.36
Diluted EPS - Continuing Operations	4.03	3.4	6.63	10.9	12.36
Diluted Weighted Average Shares Outstanding	147M	131M	126M	118M	111M
Normalized Basic EPS	3.42	3.06	5.85	8.57	10.66
Normalized Diluted EPS	3.39	3.04	5.77	8.48	10.56
Dividend Per Share	0.44	0.44	0.62	0.77	0.83
Payout Ratio	10.79	12.67	9.19	6.91	6.64
Supplemental Items
EBITDA	795M	680M	1.13B	1.63B	1.86B
EBITA	723M	611M	1.05B	1.55B	1.79B
EBIT	723M	611M	1.05B	1.55B	1.79B
EBITDAR	815M	701M	1.15B	1.65B	1.89B
Total Revenues (As Reported)	7.22B	7.08B	8.79B	10.28B	9.99B
Effective Tax Rate - (Ratio)	25.05	23.9	24.24	24.49	25.53
Current Domestic Taxes	94.4M	42.5M	255M	513M	434M
Total Current Taxes	94.4M	42.5M	255M	513M	434M
Deferred Domestic Taxes	103M	97.78M	11.82M	-95.85M	36.46M
Total Deferred Taxes	103M	97.78M	11.82M	-95.85M	36.46M
Normalized Net Income	497M	399M	726M	1B	1.17B
Interest Capitalized	178M	173M	153M	135M	140M
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	1.92M	2.65M	2.73M	2.86M	1.96M
Supplemental Operating Expense Items
Advertising Expense	38.5M	37.1M	39.1M	42.5M	49.6M
Selling and Marketing Expenses	38.5M	37.1M	39.1M	42.5M	49.6M
Net Rental Expense, Total	20.18M	21.6M	22.2M	25.6M	27.1M
Imputed Operating Lease Interest Expense	7.54M	7.55M	7M	7.74M	9.43M
Imputed Operating Lease Depreciation	12.64M	14.05M	15.2M	17.86M	17.67M
Stock-Based Comp., SG&A Exp. (Total)	26.18M	24.33M	23.19M	21.1M	24.8M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	26.18M	24.33M	23.19M	21.1M	24.8M

Fiscal Period: October	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.29B	1.37B	1.64B	1.35B	1.3B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	1.29B	1.37B	1.64B	1.35B	1.3B
Accounts Receivable, Total	-	-	-	-	-
Other Receivables	236M	189M	84.4M	102M	136M
Total Receivables	236M	189M	84.4M	102M	136M
Inventory	7.87B	7.66B	7.92B	8.73B	9.06B
Prepaid Expenses	26.04M	28.1M	34.96M	44.31M	43.76M
Loans Held For Sale	219M	232M	247M	185M	111M
Restricted Cash	32.86M	24.71M	41.43M	51.8M	44.27M
Other Current Assets, Total	74.4M	77.29M	88.63M	208M	126M
Total Current Assets	9.75B	9.58B	10.05B	10.67B	10.82B
Gross Property Plant And Equipment	526M	688M	673M	694M	712M
Accumulated Depreciation	-252M	-267M	-266M	-289M	-286M
Net Property Plant And Equipment	273M	421M	407M	404M	427M
Long-term Investments	366M	431M	599M	852M	959M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	442M	633M	481M	360M	323M
Total Assets	10.83B	11.07B	11.54B	12.29B	12.53B
Liabilities
Accounts Payable, Total	349M	411M	562M	619M	598M
Accrued Expenses, Total	464M	528M	553M	585M	539M
Short-term Borrowings	150M	149M	148M	149M	100M
Current Portion of Long-Term Debt	-	-	410M	400M	-
Current Portion of Leases	-	19.94M	18.62M	21.14M	-
Current Income Taxes Payable	7.9M	6.59M	8.05M	169M	5.98M
Unearned Revenue Current, Total	51.68M	34.1M	36.64M	50.97M	52.91M
Other Current Liabilities	435M	423M	514M	570M	833M
Total Current Liabilities	1.46B	1.57B	2.25B	2.56B	2.13B
Long-Term Debt	3.77B	3.81B	3.01B	2.78B	2.76B
Long-Term Leases	-	105M	97.63M	119M	124M
Unearned Revenue Non Current	386M	459M	636M	681M	541M
Deferred Tax Liability Non Current	95.07M	192M	207M	123M	160M
Total Liabilities	5.71B	6.14B	6.2B	6.27B	5.71B
Common Stock, Total	1.53M	1.53M	1.28M	1.28M	1.13M
Additional Paid In Capital	727M	717M	714M	717M	699M
Retained Earnings	4.77B	5.16B	4.97B	6.17B	6.68B
Treasury Stock	-425M	-1B	-392M	-916M	-619M
Comprehensive Income and Other	-5.83M	-7.2M	1.11M	37.62M	40.91M
Total Common Equity	5.07B	4.88B	5.3B	6.01B	6.8B
Minority Interest	46.88M	52.24M	45.43M	15.75M	16.05M
Total Equity	5.12B	4.93B	5.34B	6.02B	6.81B
Total Liabilities And Equity	10.83B	11.07B	11.54B	12.29B	12.53B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	139M	125M	120M	111M	104M
ECS Total Common Shares Outstanding	141M	126M	120M	110M	104M
Book Value / Share	36	38.54	44.08	54.79	65.49
Tangible Book Value	5.07B	4.88B	5.3B	6.01B	6.8B
Tangible Book Value Per Share	36	38.54	44.08	54.79	65.49
Total Debt	3.92B	4.08B	3.68B	3.47B	2.98B
Net Debt	2.64B	2.71B	2.04B	2.12B	1.68B
Debt Equivalent of Unfunded Proj. Benefit Obligation	45.07M	48.37M	47.7M	36.9M	35.38M
Debt Equivalent Oper. Leases	161M	173M	178M	205M	217M
Minority Interest, Total (Incl. Fin. Div)	46.88M	52.24M	45.43M	15.75M	16.05M
Equity Method Investments, Total	366M	431M	599M	852M	959M
Account Code - Inventory Valuation	3	3	3	-	3
Inventories - Raw Materials, Total	1.05B	1.26B	750M	1.05B	837M
Inventories - Others	6.82B	6.4B	7.17B	7.68B	8.22B
Full Time Employees	5.1K	4.5K	5.1K	5.2K	4.8K
Order Backlog	5.26B	6.37B	9.5B	8.87B	6.95B

Fiscal Period: October	2019	2020	2021	2022	2023
Net Income	590M	447M	834M	1.29B	1.37B
Depreciation & Amortization - CF	72.15M	68.87M	76.25M	76.82M	76.47M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	72.15M	68.87M	76.25M	76.82M	76.47M
(Gain) Loss From Sale Of Asset	-36.28M	-12.97M	-38.71M	576K	-416K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	42.36M	55.88M	26.54M	39.54M	69.54M
Provision for Credit Losses	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	6.93M	26.29M	9.08M	8.59M	38.3M
Stock-Based Compensation (CF)	26.18M	24.33M	23.19M	21.1M	24.8M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	101M	94.01M	46.62M	-92.9M	39.42M
Change In Accounts Receivable	-185M	-176M	136M	-95.02M	-136M
Change In Inventories	-40.24M	353M	-196M	-619M	-22.21M
Change In Accounts Payable	-64.52M	71.84M	215M	152M	-23.67M
Change In Income Taxes	-42.94M	-4.19M	25.13M	160M	-163M
Change in Other Net Operating Assets	-31.51M	60.88M	147M	47.44M	-9.38M
Cash from Operations	438M	1.01B	1.3B	987M	1.27B
Capital Expenditure	-86.97M	-110M	-66.88M	-71.73M	-72.96M
Sale of Property, Plant, and Equipment	79.65M	15.62M	80.42M	28.31M	26.05M
Cash Acquisitions	-162M	-60.35M	-	-	-
Investment in Marketable and Equity Securities, Total	91.37M	-24.25M	-18.43M	-110M	-104M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	2.42M	698K	652K	196K	-
Cash from Investing	-75.91M	-178M	-4.24M	-153M	-151M
Long-Term Debt Issued, Total	3.1B	4.03B	3.16B	4.3B	3.08B
Total Debt Issued	3.1B	4.03B	3.16B	4.3B	3.08B
Long-Term Debt Repaid, Total	-3.07B	-4.11B	-3.72B	-4.77B	-3.64B
Total Debt Repaid	-3.07B	-4.11B	-3.72B	-4.77B	-3.64B
Issuance of Common Stock	17.37M	24.86M	10.49M	-	48.27M
Repurchase of Common Stock	-234M	-634M	-378M	-543M	-562M
Common Dividends Paid	-63.64M	-56.59M	-76.62M	-88.9M	-91.08M
Common & Preferred Stock Dividends Paid	-63.64M	-56.59M	-76.62M	-88.9M	-91.08M
Other Financing Activities, Total	-6.13M	-1.72M	-5.49M	-25.77M	-5.35M
Cash from Financing	-259M	-753M	-1.01B	-1.12B	-1.17B
Net Change in Cash	103M	76.96M	288M	-286M	-54.21M
Supplemental Items
Cash Interest Paid	35.42M	18.33M	-	-	-
Cash Income Tax Paid (Refund)	137M	46.69M	230M	351M	585M
Levered Free Cash Flow	111M	711M	757M	415M	986M
Unlevered Free Cash Flow	111M	713M	757M	415M	986M
Change In Net Working Capital	352M	-347M	-68.43M	579M	159M
Net Debt Issued / Repaid	27.41M	-85.8M	-561M	-461M	-560M

Fiscal Period: October	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.29	3.49	5.8	8.12	9
Return on Total Capital	5.16	4.23	7.27	10.46	11.58
Return On Equity %	11.93	8.89	16.24	22.64	21.38
Return on Common Equity	12	8.98	16.39	22.77	21.43
Margin Analysis
Gross Profit Margin %	20.18	20.82	22.4	24.57	26.97
SG&A Margin	10.18	12.19	10.47	9.5	9.1
EBITDA Margin %	11	9.61	12.8	15.82	18.64
EBITA Margin %	10	8.63	11.94	15.07	17.87
EBIT Margin %	10	8.63	11.94	15.07	17.87
Income From Continuing Operations Margin %	8.17	6.31	9.48	12.52	13.73
Net Income Margin %	8.17	6.31	9.48	12.52	13.73
Net Avail. For Common Margin %	8.17	6.31	9.48	12.52	13.73
Normalized Net Income Margin	6.87	5.63	8.26	9.73	11.73
Levered Free Cash Flow Margin	1.54	10.05	8.61	4.04	9.86
Unlevered Free Cash Flow Margin	1.54	10.07	8.61	4.04	9.86
Asset Turnover
Asset Turnover	0.69	0.65	0.78	0.86	0.81
Fixed Assets Turnover	30.96	20.38	21.24	25.33	24.05
Receivables Turnover (Average Receivables)	-	-	-	-	-
Inventory Turnover (Average Inventory)	0.75	0.72	0.88	0.93	0.82
Short Term Liquidity
Current Ratio	6.69	6.09	4.47	4.16	5.08
Quick Ratio	1.04	0.99	0.77	0.57	0.67
Operating Cash Flow to Current Liabilities	0.3	0.64	0.58	0.38	0.59
Days Sales Outstanding (Average Receivables)