For the year ending 2025-10-31, HOV had $51,886K increase in cash & cash equivalents over the period. $166,182K in free cash flow.
| Cash Flow | 2025-10-31 |
|---|---|
| Net income | 63,865 |
| Depreciation | 13,863 |
| Stock-based compensation | 16,671 |
| (accretion) amortization of debt discounts, premiums and debt issuance costs | -1,377 |
| Gain on sale of property and assets | 535 |
| Gain on consolidation of joint ventures | 18,856 |
| Gain on inventory contributed to joint venture | 22,682 |
| Income from unconsolidated joint ventures | 46,437 |
| Distributions of earnings from unconsolidated joint ventures | 4,408 |
| Loss (gain) on extinguishment of debt | -33,113 |
| Noncontrolling interest in consolidated joint ventures | 0 |
| Inventory impairments and land option write-offs | 39,571 |
| Inventories | -91,643 |
| Receivables, deposits and notes | -5,513 |
| Origination of mortgage loans | 1,761,425 |
| Sale of mortgage loans | 1,798,719 |
| Deferred tax assets | -11,447 |
| Accounts payable, accrued interest and other liabilities | -36,401 |
| Customers deposits | 2,436 |
| State income tax payable | -5,257 |
| Net cash provided by operating activities | 188,279 |
| Proceeds from sale of property and assets | 1,806 |
| Purchase of property, equipment, and other fixed assets | 22,097 |
| Investment in and advances to unconsolidated joint ventures, net of reimbursements | 50,216 |
| Distributions of capital from unconsolidated joint ventures | 4,500 |
| Net cash used in investing activities | -66,007 |
| Proceeds from mortgages and notes | 164,762 |
| Payments related to mortgages and notes | 230,101 |
| Proceeds from model sale leaseback financing programs | 51,579 |
| Payments related to model sale leaseback financing programs | 21,379 |
| Proceeds from land bank financing programs | 186,643 |
| Payments related to land bank financing programs | 110,713 |
| Net proceeds (payments) related to mortgage warehouse lines of credit | -37,054 |
| Proceeds from issuance of unsecured and senior secured notes | 900,000 |
| Payments related to senior and senior secured notes, senior secured term loans and senior unsecured term loans | 906,920 |
| Preferred dividends paid | 10,675 |
| Treasury stock purchases | 30,244 |
| Debt issuance costs from note issuances, land banking financing programs and model sale leaseback financing programs | 26,284 |
| Net cash used in financing activities | -70,386 |
| Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents | 51,886 |
| Cash and cash equivalents at beginning of period | 266,761 |
| Cash and cash equivalents at end of period | 318,647 |
HOVNANIAN ENTERPRISES INC (HOV)
HOVNANIAN ENTERPRISES INC (HOV)