$TOL
Toll Brothers, Inc.

2022 Q2 Form 10-Q Financial Statement

#000079417022000026 Filed on June 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $2.278B $1.791B $3.041B
YoY Change 18.0% 14.56% 19.47%
Cost Of Revenue $1.752B $1.389B $2.343B
YoY Change 14.78% 12.62% 20.16%
Gross Profit $525.3M $401.9M $698.9M
YoY Change 30.17% 21.85% 17.23%
Gross Profit Margin 23.06% 22.44% 22.98%
Selling, General & Admin $243.6M $226.9M $258.2M
YoY Change 11.16% 7.65% -23.06%
% of Gross Profit 46.38% 56.44% 36.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.84M $14.68M $22.40M
YoY Change 15.56% -13.02% 0.9%
% of Gross Profit 3.59% 3.65% 3.21%
Operating Expenses $243.6M $226.9M $258.2M
YoY Change 11.16% 7.65% -23.06%
Operating Profit $281.7M $175.1M $440.7M
YoY Change 52.77% 46.98% 69.11%
Interest Expense $2.933M $23.60M $47.70M
YoY Change -72.33% 807.69% -2485.0%
% of Operating Profit 1.04% 13.48% 10.82%
Other Income/Expense, Net $11.22M $3.712M $11.30M
YoY Change 21.83% -47.73% 34.52%
Pretax Income $295.8M $200.8M $499.7M
YoY Change 74.19% 57.62% 87.16%
Income Tax $75.20M $48.90M $125.4M
% Of Pretax Income 25.42% 24.35% 25.1%
Net Earnings $220.6M $151.9M $374.3M
YoY Change 72.52% 57.42% 87.81%
Net Earnings / Revenue 9.69% 8.48% 12.31%
Basic Earnings Per Share $1.87 $1.26 $3.06
Diluted Earnings Per Share $1.85 $1.24 $3.02
COMMON SHARES
Basic Shares Outstanding 117.8M shares 121.0M shares 122.2M shares
Diluted Shares Outstanding 118.9M shares 122.9M shares 124.1M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $535.0M $671.0M $1.638B
YoY Change -25.17% -29.37% 19.47%
Cash & Equivalents $535.0M $671.4M $1.638B
Short-Term Investments
Other Short-Term Assets $34.33M $39.00M $35.00M
YoY Change 43.03% 34.48% 25.0%
Inventory $8.979B $8.584B $7.916B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $9.941B $9.726B $10.06B
YoY Change 3.59% 1.63% 2.96%
LONG-TERM ASSETS
Property, Plant & Equipment $310.4M $315.1M $310.5M
YoY Change 12.38% 13.47% -1.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $684.4M $680.0M $599.0M
YoY Change 28.16% 18.88% 38.98%
Other Assets $205.8M $159.0M $130.0M
YoY Change 65.95% 45.87% 27.45%
Total Long-Term Assets $1.603B $1.558B $1.483B
YoY Change 16.34% 20.39% 14.09%
TOTAL ASSETS
Total Short-Term Assets $9.941B $9.726B $10.06B
Total Long-Term Assets $1.603B $1.558B $1.483B
Total Assets $11.54B $11.28B $11.54B
YoY Change 5.19% 3.86% 4.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $588.7M $557.0M $562.0M
YoY Change 17.28% 21.09% 36.74%
Accrued Expenses $1.146B $1.198B $1.184B
YoY Change 6.23% 16.42% 10.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.773B $2.704B $2.598B
YoY Change 15.85% 22.19% 21.12%
LONG-TERM LIABILITIES
Long-Term Debt $3.305B $3.239B $3.563B
YoY Change -7.76% -13.3% -9.98%
Other Long-Term Liabilities $86.58M $39.00M $37.00M
YoY Change 140.49% -51.25% 8.82%
Total Long-Term Liabilities $3.391B $3.278B $3.600B
YoY Change -6.29% -14.1% -9.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.773B $2.704B $2.598B
Total Long-Term Liabilities $3.391B $3.278B $3.600B
Total Liabilities $6.165B $5.982B $6.197B
YoY Change 2.51% -0.78% 0.96%
SHAREHOLDERS EQUITY
Retained Earnings $5.298B $5.101B $4.970B
YoY Change -1.02% -2.77% -3.76%
Common Stock $715.9M $712.8M $715.7M
YoY Change 0.7% 0.37% -0.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $669.4M $563.6M $391.7M
YoY Change -41.71% -51.53% -60.85%
Treasury Stock Shares 12.61M shares 10.43M shares 7.820M shares
Shareholders Equity $5.364B $5.256B $5.295B
YoY Change
Total Liabilities & Shareholders Equity $11.54B $11.28B $11.54B
YoY Change 5.19% 3.86% 4.27%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $220.6M $151.9M $374.3M
YoY Change 72.52% 57.42% 87.81%
Depreciation, Depletion And Amortization $18.84M $14.68M $22.40M
YoY Change 15.56% -13.02% 0.9%
Cash From Operating Activities $75.73M -$280.7M $854.7M
YoY Change -370.46% -607.38% -1.36%
INVESTING ACTIVITIES
Capital Expenditures -$20.64M $18.48M -$21.10M
YoY Change 36.69% 27.45% -39.02%
Acquisitions
YoY Change
Other Investing Activities $11.18M -$194.0K $5.500M
YoY Change -83.18% -41.92% -127.78%
Cash From Investing Activities -$9.457M -$62.36M -$15.50M
YoY Change -118.4% 537.51% -71.45%
FINANCING ACTIVITIES
Cash Dividend Paid $21.08M
YoY Change 47.55%
Common Stock Issuance & Retirement, Net $128.1M
YoY Change -28.61%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -202.7M -$617.0M -173.2M
YoY Change -21.07% 33.48% 10088.24%
NET CHANGE
Cash From Operating Activities 75.73M -$280.7M 854.7M
Cash From Investing Activities -9.457M -$62.36M -15.50M
Cash From Financing Activities -202.7M -$617.0M -173.2M
Net Change In Cash -136.4M -$960.1M 666.0M
YoY Change -41.55% 130.39% -17.83%
FREE CASH FLOW
Cash From Operating Activities $75.73M -$280.7M $854.7M
Capital Expenditures -$20.64M $18.48M -$21.10M
Free Cash Flow $96.37M -$299.2M $875.8M
YoY Change -847.04% -832.78% -2.81%

Facts In Submission

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us-gaap Net Income Loss
NetIncomeLoss
372497000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
292279000 USD
tol Exercise Of Stock Options Stock Based Compensation Issuances And Employee Stock Purchase Plan Issuances
ExerciseOfStockOptionsStockBasedCompensationIssuancesAndEmployeeStockPurchasePlanIssuances
-2283000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17020000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
44397000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
18310000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
86000 USD
tol Capital Contributions Distributions Net
CapitalContributionsDistributionsNet
29743000 USD
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5379666000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4927476000 USD
us-gaap Net Income Loss
NetIncomeLoss
224365000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
179648000 USD
tol Exercise Of Stock Options Stock Based Compensation Issuances And Employee Stock Purchase Plan Issuances
ExerciseOfStockOptionsStockBasedCompensationIssuancesAndEmployeeStockPurchasePlanIssuances
7567000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16279000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
35283000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5150000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-20000 USD
tol Capital Contributions Distributions Net
CapitalContributionsDistributionsNet
4502000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4960789000 USD
us-gaap Net Income Loss
NetIncomeLoss
372497000 USD
us-gaap Net Income Loss
NetIncomeLoss
224365000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33536000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33181000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
17020000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
16279000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
24970000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11677000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
29636000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
11464000 USD
tol Change In Deferred Tax Asset
ChangeInDeferredTaxAsset
6797000 USD
tol Change In Deferred Tax Asset
ChangeInDeferredTaxAsset
3222000 USD
us-gaap Inventory Write Down
InventoryWriteDown
4425000 USD
us-gaap Inventory Write Down
InventoryWriteDown
2847000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
6800000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
38706000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
35211000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2831000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1882000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
890202000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
528048000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
931958000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
906251000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
1027696000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
929763000 USD
tol Increase Decrease In Receivables Prepaid Expenses And Other Assets
IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherAssets
239000 USD
tol Increase Decrease In Receivables Prepaid Expenses And Other Assets
IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherAssets
-77624000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
14321000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
17178000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
110460000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
132840000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
45020000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
60449000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-204972000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
27267000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39140000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
29606000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
121282000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
153828000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
88371000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
144047000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
80418000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-194000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-579000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-71857000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
41610000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1826068000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1335309000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1879318000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1548152000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
409856000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
294168000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
179648000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
44255000 USD
tol Paymentsproceedsfromstockbasedbenefitplans
Paymentsproceedsfromstockbasedbenefitplans
-2279000 USD
tol Paymentsproceedsfromstockbasedbenefitplans
Paymentsproceedsfromstockbasedbenefitplans
7569000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
284276000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
35272000 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-25766000 USD
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-4718000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-819682000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-719080000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1096511000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-650203000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1684412000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1396604000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
587901000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
746401000 USD
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
812400000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
636400000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
ReclassificationCertain prior period amounts have been reclassified to conform to the fiscal 2022 presentation.
CY2022Q2 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
8978816000 USD
CY2021Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
7915884000 USD
CY2022Q2 us-gaap Inventory Write Down
InventoryWriteDown
2192000 USD
CY2021Q2 us-gaap Inventory Write Down
InventoryWriteDown
1581000 USD
us-gaap Inventory Write Down
InventoryWriteDown
4425000 USD
us-gaap Inventory Write Down
InventoryWriteDown
2847000 USD
CY2022Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
247942000 USD
CY2021Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
302961000 USD
CY2021Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
253938000 USD
CY2020Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
297975000 USD
CY2022Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
31888000 USD
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
38047000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
62893000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
79315000 USD
CY2022Q2 tol Real Estate Inventory Capitalized Interest Unconsolidated Entities
RealEstateInventoryCapitalizedInterestUnconsolidatedEntities
-1516000 USD
CY2021Q2 tol Real Estate Inventory Capitalized Interest Unconsolidated Entities
RealEstateInventoryCapitalizedInterestUnconsolidatedEntities
-1192000 USD
tol Real Estate Inventory Capitalized Interest Unconsolidated Entities
RealEstateInventoryCapitalizedInterestUnconsolidatedEntities
-2806000 USD
tol Real Estate Inventory Capitalized Interest Unconsolidated Entities
RealEstateInventoryCapitalizedInterestUnconsolidatedEntities
-2326000 USD
CY2022Q2 tol Real Estate Inventory Capitalized Interest Unconsolidated Entities Transferto Inventory
RealEstateInventoryCapitalizedInterestUnconsolidatedEntitiesTransfertoInventory
60000 USD
CY2021Q2 tol Real Estate Inventory Capitalized Interest Unconsolidated Entities Transferto Inventory
RealEstateInventoryCapitalizedInterestUnconsolidatedEntitiesTransfertoInventory
0 USD
tol Real Estate Inventory Capitalized Interest Unconsolidated Entities Transferto Inventory
RealEstateInventoryCapitalizedInterestUnconsolidatedEntitiesTransfertoInventory
195000 USD
tol Real Estate Inventory Capitalized Interest Unconsolidated Entities Transferto Inventory
RealEstateInventoryCapitalizedInterestUnconsolidatedEntitiesTransfertoInventory
15000 USD
CY2022Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
237333000 USD
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
295145000 USD
CY2022Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
237333000 USD
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
295145000 USD
CY2022Q2 tol Numberof Joint Ventures
NumberofJointVentures
58 joint_ventures
CY2022Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
684385000 USD
CY2022Q2 tol Numberofjointventurewithfundingcommitments
Numberofjointventurewithfundingcommitments
27 joint_ventures
CY2022Q2 us-gaap Other Commitment
OtherCommitment
259063000 USD
CY2022Q2 tol Numberofjointventureswithloancommitments
Numberofjointventureswithloancommitments
37 joint_ventures
CY2022Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
3297331000 USD
CY2022Q2 us-gaap Line Of Credit
LineOfCredit
1867508000 USD
CY2022Q2 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
22100000 USD
CY2021Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
16500000 USD
CY2022Q2 us-gaap Loss Contingency Receivable
LossContingencyReceivable
15960000 USD
CY2021Q4 us-gaap Loss Contingency Receivable
LossContingencyReceivable
16773000 USD
CY2022Q2 us-gaap Deposits Assets
DepositsAssets
65484000 USD
CY2021Q4 us-gaap Deposits Assets
DepositsAssets
67626000 USD
CY2022Q2 us-gaap Escrow Deposit
EscrowDeposit
51603000 USD
CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
41429000 USD
CY2022Q2 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
311776000 USD
CY2021Q4 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
381401000 USD
CY2022Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
34328000 USD
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
34960000 USD
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
101139000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
96276000 USD
CY2022Q2 us-gaap Other Assets
OtherAssets
142412000 USD
CY2021Q4 us-gaap Other Assets
OtherAssets
99613000 USD
CY2022Q2 tol Receivablesprepaidexpensesandotherassets
Receivablesprepaidexpensesandotherassets
722702000 USD
CY2021Q4 tol Receivablesprepaidexpensesandotherassets
Receivablesprepaidexpensesandotherassets
738078000 USD
CY2022Q2 us-gaap Other Loans Payable
OtherLoansPayable
548659000 USD
CY2021Q4 us-gaap Other Loans Payable
OtherLoansPayable
364042000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
145062000 USD
CY2022Q2 us-gaap Loans Payable
LoansPayable
1196415000 USD
CY2021Q4 us-gaap Loans Payable
LoansPayable
1011534000 USD
CY2022Q2 tol Number Of Issuances Of Senior Debt
NumberOfIssuancesOfSeniorDebt
5 debtissuances
CY2022Q2 tol Land Land Development And Construction Related Liabilities Current And Noncurrent
LandLandDevelopmentAndConstructionRelatedLiabilitiesCurrentAndNoncurrent
285161000 USD
CY2021Q4 tol Land Land Development And Construction Related Liabilities Current And Noncurrent
LandLandDevelopmentAndConstructionRelatedLiabilitiesCurrentAndNoncurrent
310996000 USD
CY2022Q2 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
194952000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
232161000 USD
CY2022Q2 us-gaap Deposit Liability Current
DepositLiabilityCurrent
44735000 USD
CY2021Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
36107000 USD
CY2022Q2 tol Insurance And Litigation Liabilities Current And Noncurrent
InsuranceAndLitigationLiabilitiesCurrentAndNoncurrent
237023000 USD
CY2021Q4 tol Insurance And Litigation Liabilities Current And Noncurrent
InsuranceAndLitigationLiabilitiesCurrentAndNoncurrent
236369000 USD
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
143991000 USD
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
122700000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
116248000 USD
CY2022Q2 us-gaap Deferred Revenue
DeferredRevenue
86575000 USD
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
36638000 USD
CY2022Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
31316000 USD
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
34033000 USD
CY2022Q2 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
22260000 USD
CY2021Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
22150000 USD
CY2022Q2 tol Treasury Share Purchases Accrued
TreasurySharePurchasesAccrued
8003000 USD
CY2021Q4 tol Treasury Share Purchases Accrued
TreasurySharePurchasesAccrued
0 USD
CY2022Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
56109000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
50471000 USD
CY2022Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1232825000 USD
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1220235000 USD
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
143043000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
150878000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
145062000 USD
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
75200000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
157351000 USD
CY2022Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
13745000 USD
CY2021Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
11309000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
23200000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
18711000 USD
CY2022Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
13512000 USD
CY2021Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
12243000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
27943000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
27313000 USD
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
143991000 USD
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
153640000 USD
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
143991000 USD
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
153640000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42000000 USD
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.254
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.247
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
124100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
72900000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.250
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.245
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.053
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.058
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5900000 USD
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3405000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3446000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17020000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16279000 USD
CY2022Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
855000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
878000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4268000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4150000 USD
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
20700000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
14700000 USD
CY2022Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2205000 shares
CY2021Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
5000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
5219000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
4032000 shares
CY2022Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
48.30
CY2021Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
55.11
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
56.01
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
44.56
CY2022Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
7344000 shares
CY2021Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
15952000 shares
CY2022Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
7344000 shares
CY2021Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
15952000 shares
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.17
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.17
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.37
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
19419000 USD
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2048000 USD
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
19419000 USD
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2048000 USD
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
220593000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
127866000 USD
us-gaap Net Income Loss
NetIncomeLoss
372497000 USD
us-gaap Net Income Loss
NetIncomeLoss
224365000 USD
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117839000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
124295000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
119418000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125177000 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1086000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1704000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1473000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1603000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118925000 shares
CY2021Q2 tol Shares Issued Under Stock Incentive And Employee Stock Purchase Plans
SharesIssuedUnderStockIncentiveAndEmployeeStockPurchasePlans
418000 shares
tol Shares Issued Under Stock Incentive And Employee Stock Purchase Plans
SharesIssuedUnderStockIncentiveAndEmployeeStockPurchasePlans
424000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125999000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120891000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126780000 shares
CY2022Q2 tol Shares Issued Under Stock Incentive And Employee Stock Purchase Plans
SharesIssuedUnderStockIncentiveAndEmployeeStockPurchasePlans
17000 shares
tol Shares Issued Under Stock Incentive And Employee Stock Purchase Plans
SharesIssuedUnderStockIncentiveAndEmployeeStockPurchasePlans
874000 shares
CY2022Q2 tol Incomefrom Ancillary Businesses
IncomefromAncillaryBusinesses
12334000 USD
CY2021Q2 tol Incomefrom Ancillary Businesses
IncomefromAncillaryBusinesses
9061000 USD
tol Incomefrom Ancillary Businesses
IncomefromAncillaryBusinesses
14294000 USD
tol Incomefrom Ancillary Businesses
IncomefromAncillaryBusinesses
15920000 USD
CY2022Q2 tol Other Misc Income
OtherMiscIncome
-2147000 USD
CY2021Q2 tol Other Misc Income
OtherMiscIncome
-296000 USD
tol Other Misc Income
OtherMiscIncome
-1733000 USD
tol Other Misc Income
OtherMiscIncome
800000 USD
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
11224000 USD
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9213000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
14936000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
17285000 USD
CY2022Q2 us-gaap Purchase Obligation
PurchaseObligation
4622479000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
169826000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
496631000 USD
CY2022Q2 tol Revenuefrom Ancillary Business
RevenuefromAncillaryBusiness
31890000 USD
CY2021Q2 tol Revenuefrom Ancillary Business
RevenuefromAncillaryBusiness
32731000 USD
tol Revenuefrom Ancillary Business
RevenuefromAncillaryBusiness
59586000 USD
tol Revenuefrom Ancillary Business
RevenuefromAncillaryBusiness
61831000 USD
CY2022Q2 tol Expensesfrom Ancillary Businesses
ExpensesfromAncillaryBusinesses
19556000 USD
CY2021Q2 tol Expensesfrom Ancillary Businesses
ExpensesfromAncillaryBusinesses
23670000 USD
tol Expensesfrom Ancillary Businesses
ExpensesfromAncillaryBusinesses
45292000 USD
tol Expensesfrom Ancillary Businesses
ExpensesfromAncillaryBusinesses
45911000 USD
CY2021Q4 us-gaap Purchase Obligation
PurchaseObligation
4452757000 USD
CY2022Q2 us-gaap Purchase Obligation
PurchaseObligation
4622479000 USD
CY2021Q4 us-gaap Purchase Obligation
PurchaseObligation
4452757000 USD
CY2022Q2 tol Number Of Homes To Be Delivered
NumberOfHomesToBeDelivered
11768 luxury_homes
CY2022Q2 tol Sales Value Of Outstanding Deliver Homes
SalesValueOfOutstandingDeliverHomes
11710000000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 joint_ventures
tol Numberofgeographicsegments
Numberofgeographicsegments
5 joint_ventures
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2277541000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1930124000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4068622000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3493500000 USD
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
295815000 USD
tol Accrued Treasury Share Purchases
AccruedTreasurySharePurchases
8003000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
297231000 USD
CY2022Q2 us-gaap Assets
Assets
11544611000 USD
CY2021Q4 us-gaap Assets
Assets
11537850000 USD
CY2022Q2 us-gaap Inventory Write Down
InventoryWriteDown
2192000 USD
CY2021Q2 us-gaap Inventory Write Down
InventoryWriteDown
1581000 USD
us-gaap Inventory Write Down
InventoryWriteDown
4425000 USD
us-gaap Inventory Write Down
InventoryWriteDown
2847000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
131658000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
86822000 USD
us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
180576000 USD
us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
124333000 USD
tol Accrued Treasury Share Purchases
AccruedTreasurySharePurchases
0 USD
us-gaap Contribution Of Property
ContributionOfProperty
556000 USD
us-gaap Contribution Of Property
ContributionOfProperty
49979000 USD
tol Non Cash Transfer Of Other Assets To Investment In Unconsolidated Entities
NonCashTransferOfOtherAssetsToInvestmentInUnconsolidatedEntities
55202000 USD
tol Non Cash Transfer Of Other Assets To Investment In Unconsolidated Entities
NonCashTransferOfOtherAssetsToInvestmentInUnconsolidatedEntities
35540000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
23731000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
6372000 USD
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
535038000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
714968000 USD
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
52863000 USD
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
31433000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
587901000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
746401000 USD

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