2024 Q4 Form 10-K Financial Statement

#000079417024000051 Filed on December 20, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024
Revenue $10.85B
YoY Change 8.52%
Cost Of Revenue $7.824B
YoY Change 6.3%
Gross Profit $3.022B
YoY Change 14.74%
Gross Profit Margin 27.87%
Selling, General & Admin $982.3M
YoY Change 8.01%
% of Gross Profit 32.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $81.20M
YoY Change 6.18%
% of Gross Profit 2.69%
Operating Expenses $982.3M
YoY Change 8.01%
Operating Profit $2.040B
YoY Change 18.29%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $69.30M
YoY Change 2.63%
Pretax Income $621.1M $2.086B
YoY Change 2.66% 13.2%
Income Tax $514.4M
% Of Pretax Income 24.67%
Net Earnings $475.4M $1.571B
YoY Change 6.7% 14.51%
Net Earnings / Revenue 14.49%
Basic Earnings Per Share $4.67 $15.16
Diluted Earnings Per Share $4.63 $15.01
COMMON SHARES
Basic Shares Outstanding 101.7M shares 103.7M shares
Diluted Shares Outstanding 102.7M shares 104.7M shares

Balance Sheet

Concept 2024 Q4 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.303B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $453.0M
YoY Change 39.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $13.37B
YoY Change 6.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $5.681B
YoY Change -0.57%
SHAREHOLDERS EQUITY
Retained Earnings $8.153B
YoY Change 22.13%
Common Stock $695.8M
YoY Change -0.55%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.210B
YoY Change 95.36%
Treasury Stock Shares
Shareholders Equity $7.671B
YoY Change
Total Liabilities & Shareholders Equity $13.37B
YoY Change 6.71%

Cashflow Statement

Concept 2024 Q4 2024
OPERATING ACTIVITIES
Net Income $475.4M $1.571B
YoY Change 6.7% 14.51%
Depreciation, Depletion And Amortization $81.20M
YoY Change 6.18%
Cash From Operating Activities $1.010B
YoY Change -20.24%
INVESTING ACTIVITIES
Capital Expenditures $73.64M
YoY Change 0.93%
Acquisitions
YoY Change
Other Investing Activities -$3.242M
YoY Change
Cash From Investing Activities -$167.6M
YoY Change 11.3%
FINANCING ACTIVITIES
Cash Dividend Paid $93.40M
YoY Change 2.55%
Common Stock Issuance & Retirement, Net $627.1M
YoY Change 11.66%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$816.5M
YoY Change -30.22%
NET CHANGE
Cash From Operating Activities $1.010B
Cash From Investing Activities -$167.6M
Cash From Financing Activities -$816.5M
Net Change In Cash $26.09M
YoY Change -148.14%
FREE CASH FLOW
Cash From Operating Activities $1.010B
Capital Expenditures $73.64M
Free Cash Flow $936.5M
YoY Change -21.53%

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AssetImpairmentCharges
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GainLossOnDispositionOfAssets1
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416000 usd
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618829000 usd
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PaymentsForOriginationOfMortgageLoansHeldForSale
2035637000 usd
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-505000 usd
CY2023 tol Increase Decrease In Receivables Prepaid Expenses And Other Assets
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135924000 usd
CY2022 tol Increase Decrease In Receivables Prepaid Expenses And Other Assets
IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherAssets
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CY2024 us-gaap Increase Decrease In Income Taxes Receivable
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CY2023 us-gaap Increase Decrease In Income Taxes Receivable
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CY2024 us-gaap Increase Decrease In Contract With Customer Liability
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-77189000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2024 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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1010167000 usd
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1266430000 usd
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986816000 usd
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PaymentsToAcquirePropertyPlantAndEquipment
73643000 usd
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226724000 usd
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101363000 usd
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ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
112749000 usd
CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
116769000 usd
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ProceedsFromSaleOfProductiveAssets
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CY2023 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
26049000 usd
CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
28309000 usd
CY2024 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-3242000 usd
CY2023 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
196000 usd
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-167618000 usd
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NetCashProvidedByUsedInInvestingActivities
-150601000 usd
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NetCashProvidedByUsedInInvestingActivities
-153176000 usd
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3744727000 usd
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ProceedsFromNotesPayable
3079142000 usd
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ProceedsFromNotesPayable
4304635000 usd
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5365000 usd
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PaymentsOfDebtIssuanceCosts
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3844816000 usd
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3239418000 usd
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4356185000 usd
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0 usd
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RepaymentsOfSeniorDebt
400000000 usd
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409856000 usd
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CY2024 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
627061000 usd
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PaymentsForRepurchaseOfCommonStock
561595000 usd
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PaymentsForRepurchaseOfCommonStock
542739000 usd
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PaymentsOfDividends
93401000 usd
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PaymentsOfDividends
91082000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
88901000 usd
CY2024 us-gaap Proceeds From Payments To Minority Shareholders
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167000 usd
CY2023 us-gaap Proceeds From Payments To Minority Shareholders
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11000 usd
CY2022 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
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NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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NetCashProvidedByUsedInFinancingActivities
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26094000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-54209000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-285862000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1344341000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1398550000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1684412000 usd
CY2024Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1370435000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1344341000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1398550000 usd
CY2024 us-gaap Use Of Estimates
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<div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div>The preparation of financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”) requires us to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. In times of economic disruption when uncertainty regarding future economic conditions is heightened, these estimates and assumptions are subject to greater variability. As a result, actual results could differ from the estimates and assumptions we make that affect the amounts reported in the Consolidated Financial Statements and accompanying notes, and such differences may be material.
CY2024 tol Numberofyearstocompleteamasterplannedcommunity
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P10Y
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310500000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
285700000 usd
CY2024 us-gaap Depreciation
Depreciation
80900000 usd
CY2023 us-gaap Depreciation
Depreciation
75500000 usd
CY2022 us-gaap Depreciation
Depreciation
75900000 usd
CY2023 us-gaap Treasury Stock Shares Retired
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15000000 shares
CY2022 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
0 shares
CY2024 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
0 shares
CY2024Q4 us-gaap Contract With Customer Liability
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488700000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
540700000 usd
CY2024 us-gaap Advertising Expense
AdvertisingExpense
63100000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
49600000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
42500000 usd
CY2024 tol Warrantyperiodstructuralintegrity
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P10Y
CY2024 tol Constructiondefectclaimsreportedandresolvedperiodoftime
Constructiondefectclaimsreportedandresolvedperiodoftime
P10Y
CY2024 tol More Likely Than Not Definition Threshold
MoreLikelyThanNotDefinitionThreshold
0.50
CY2024 tol More Likely Than Not Definition Threshold
MoreLikelyThanNotDefinitionThreshold
0.50
CY2024 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassification</span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform to the fiscal 2024 presentation.</span></div>
CY2024Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
6769527000 usd
CY2023Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
6096516000 usd
CY2024Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
2458541000 usd
CY2023Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
2515484000 usd
CY2024Q4 tol Model Homes
ModelHomes
484857000 usd
CY2023Q4 tol Model Homes
ModelHomes
445578000 usd
CY2024Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
9712925000 usd
CY2023Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
9057578000 usd
CY2024Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
9712925000 usd
CY2023Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
9057578000 usd
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59441000 usd
CY2023 us-gaap Inventory Write Down
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30706000 usd
CY2022 us-gaap Inventory Write Down
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32741000 usd
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190550000 usd
CY2022Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
209468000 usd
CY2021Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
253938000 usd
CY2024 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
128743000 usd
CY2023 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
140426000 usd
CY2022 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
135029000 usd
CY2024 tol Real Estate Inventory Capitalized Interest Unconsolidated Entities
RealEstateInventoryCapitalizedInterestUnconsolidatedEntities
-8404000 usd
CY2023 tol Real Estate Inventory Capitalized Interest Unconsolidated Entities
RealEstateInventoryCapitalizedInterestUnconsolidatedEntities
-9783000 usd
CY2022 tol Real Estate Inventory Capitalized Interest Unconsolidated Entities
RealEstateInventoryCapitalizedInterestUnconsolidatedEntities
-6699000 usd
CY2024 tol Real Estate Inventory Capitalized Interest Transferredto Unconsolidated Entities
RealEstateInventoryCapitalizedInterestTransferredtoUnconsolidatedEntities
0 usd
CY2023 tol Real Estate Inventory Capitalized Interest Transferredto Unconsolidated Entities
RealEstateInventoryCapitalizedInterestTransferredtoUnconsolidatedEntities
-244000 usd
CY2022 tol Real Estate Inventory Capitalized Interest Transferredto Unconsolidated Entities
RealEstateInventoryCapitalizedInterestTransferredtoUnconsolidatedEntities
-2412000 usd
CY2024 tol Real Estate Inventory Capitalized Interest Unconsolidated Entities Transferto Inventory
RealEstateInventoryCapitalizedInterestUnconsolidatedEntitiesTransfertoInventory
1012000 usd
CY2023 tol Real Estate Inventory Capitalized Interest Unconsolidated Entities Transferto Inventory
RealEstateInventoryCapitalizedInterestUnconsolidatedEntitiesTransfertoInventory
880000 usd
CY2022 tol Real Estate Inventory Capitalized Interest Unconsolidated Entities Transferto Inventory
RealEstateInventoryCapitalizedInterestUnconsolidatedEntitiesTransfertoInventory
231000 usd
CY2024Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
179797000 usd
CY2023Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
190550000 usd
CY2022Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
209468000 usd
CY2024Q4 tol Numberof Joint Ventures
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60 joint_ventures
CY2024Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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1007417000 usd
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27 joint_ventures
CY2024Q4 us-gaap Other Commitment
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312837000 usd
CY2023Q4 tol Numberof Joint Ventures
NumberofJointVentures
64 joint_ventures
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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959041000 usd
CY2023Q4 tol Numberofjointventurewithfundingcommitments
Numberofjointventurewithfundingcommitments
29 joint_ventures
CY2023Q4 us-gaap Other Commitment
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400770000 usd
CY2024Q4 tol Numberofjointventureswithloancommitments
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50 joint_ventures
CY2024Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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4275887000 usd
CY2024Q4 us-gaap Line Of Credit
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3180718000 usd
CY2023Q4 tol Numberofjointventureswithloancommitments
Numberofjointventureswithloancommitments
56 joint_ventures
CY2023Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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4562255000 usd
CY2023Q4 us-gaap Line Of Credit
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2734101000 usd
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3000000.0 usd
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40900000 usd
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IncomeLossFromEquityMethodInvestments
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CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
50098000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
23723000 usd
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109569000 usd
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LossContingencyReceivable
94987000 usd
CY2024Q4 us-gaap Deposits Assets
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41173000 usd
CY2023Q4 us-gaap Deposits Assets
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40992000 usd
CY2024Q4 us-gaap Escrow Deposit
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62048000 usd
CY2023Q4 us-gaap Escrow Deposit
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44273000 usd
CY2024Q4 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
116802000 usd
CY2023Q4 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
225261000 usd
CY2024Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
40432000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
43763000 usd
CY2024Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
108311000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
102787000 usd
CY2024Q4 us-gaap Cash Flow Hedge Derivative Instrument Assets At Fair Value
CashFlowHedgeDerivativeInstrumentAssetsAtFairValue
18398000 usd
CY2023Q4 us-gaap Cash Flow Hedge Derivative Instrument Assets At Fair Value
CashFlowHedgeDerivativeInstrumentAssetsAtFairValue
41612000 usd
CY2024Q4 us-gaap Other Assets
OtherAssets
93878000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
97581000 usd
CY2024Q4 tol Receivablesprepaidexpensesandotherassets
Receivablesprepaidexpensesandotherassets
590611000 usd
CY2023Q4 tol Receivablesprepaidexpensesandotherassets
Receivablesprepaidexpensesandotherassets
691256000 usd
CY2024Q4 us-gaap Other Loans Payable
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437969000 usd
CY2023Q4 us-gaap Other Loans Payable
OtherLoansPayable
517378000 usd
CY2024Q4 us-gaap Loans Payable
LoansPayable
1085817000 usd
CY2023Q4 us-gaap Loans Payable
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1164224000 usd
CY2024Q4 us-gaap Other Loans Payable
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437969000 usd
CY2023Q4 us-gaap Other Loans Payable
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517378000 usd
CY2024Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0573
CY2023Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0525
CY2024Q4 us-gaap Secured Debt
SecuredDebt
437256000 usd
CY2023Q4 us-gaap Secured Debt
SecuredDebt
516186000 usd
CY2024Q4 tol Value Of Assets Securing Loans
ValueOfAssetsSecuringLoans
1326440000 usd
CY2023Q4 tol Value Of Assets Securing Loans
ValueOfAssetsSecuringLoans
1416034000 usd
CY2024 tol Loans Payable Contractual Maturities Term Minimum
LoansPayableContractualMaturitiesTermMinimum
one day
CY2024 tol Loans Payable Contractual Maturities Term Maximum
LoansPayableContractualMaturitiesTermMaximum
28.9 years
CY2024Q4 us-gaap Senior Notes
SeniorNotes
1597102000 usd
CY2023Q4 us-gaap Senior Notes
SeniorNotes
1596185000 usd
CY2024Q4 tol Percentage Of Holding In Subsidiary
PercentageOfHoldingInSubsidiary
1
CY2024Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
350496000 usd
CY2024Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
591199000 usd
CY2024Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
554131000 usd
CY2024Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
897988000 usd
CY2024Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
409820000 usd
CY2024Q4 tol Land Land Development And Construction Related Liabilities Current And Noncurrent
LandLandDevelopmentAndConstructionRelatedLiabilitiesCurrentAndNoncurrent
356613000 usd
CY2023Q4 tol Land Land Development And Construction Related Liabilities Current And Noncurrent
LandLandDevelopmentAndConstructionRelatedLiabilitiesCurrentAndNoncurrent
286516000 usd
CY2024Q4 tol Liabilities For Land Under Purchase Options Recorded
LiabilitiesForLandUnderPurchaseOptionsRecorded
388778000 usd
CY2023Q4 tol Liabilities For Land Under Purchase Options Recorded
LiabilitiesForLandUnderPurchaseOptionsRecorded
268630000 usd
CY2024Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
208394000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
212684000 usd
CY2024Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
62038000 usd
CY2023Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
42451000 usd
CY2024Q4 tol Insurance And Litigation Liabilities Current And Noncurrent
InsuranceAndLitigationLiabilitiesCurrentAndNoncurrent
242306000 usd
CY2023Q4 tol Insurance And Litigation Liabilities Current And Noncurrent
InsuranceAndLitigationLiabilitiesCurrentAndNoncurrent
230688000 usd
CY2024Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
189258000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
206171000 usd
CY2024Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
128588000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
123866000 usd
CY2024Q4 us-gaap Deferred Revenue
DeferredRevenue
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CY2023Q4 us-gaap Deferred Revenue
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InterestPayableCurrentAndNoncurrent
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CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
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CY2024Q4 us-gaap Accrued Liabilities Current And Noncurrent
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CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
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CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
145062000 usd
CY2024 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
36186000 usd
CY2023 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
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CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
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CY2023 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
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CY2022 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
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CY2024 tol Standard And Extended Product Warranty Accrual Expected Recovery From Third Parties
StandardAndExtendedProductWarrantyAccrualExpectedRecoveryFromThirdParties
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CY2023 tol Standard And Extended Product Warranty Accrual Expected Recovery From Third Parties
StandardAndExtendedProductWarrantyAccrualExpectedRecoveryFromThirdParties
58000000 usd
CY2022 tol Standard And Extended Product Warranty Accrual Expected Recovery From Third Parties
StandardAndExtendedProductWarrantyAccrualExpectedRecoveryFromThirdParties
29000000 usd
CY2024 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
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CY2023 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
74622000 usd
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
62659000 usd
CY2024Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
189258000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
206171000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
164409000 usd
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
357782000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2024 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
103880000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
90698000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.049
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
75465000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2024 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2737000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-2782000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
4386000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2024 tol Effect.Rate Rec.Reversalofaccrualforuncertaintaxpositions
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CY2024 tol Effect.Rate Rec.Rev.Ofaccrualforuncertaintaxpositionspercent
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CY2023 tol Effect.Rate Rec.Reversalofaccrualforuncertaintaxpositions
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CY2023 tol Effect.Rate Rec.Rev.Ofaccrualforuncertaintaxpositionspercent
Effect.RateRec.Rev.ofaccrualforuncertaintaxpositionspercent
0
CY2022 tol Effect.Rate Rec.Reversalofaccrualforuncertaintaxpositions
Effect.RateRec.Reversalofaccrualforuncertaintaxpositions
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CY2024 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
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CY2024 tol Effective Income Tax Rate Reconciliation Accrued Interest On Anticipated Tax Assessments
EffectiveIncomeTaxRateReconciliationAccruedInterestOnAnticipatedTaxAssessments
0.001
CY2023 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
403000 usd
CY2023 tol Effective Income Tax Rate Reconciliation Accrued Interest On Anticipated Tax Assessments
EffectiveIncomeTaxRateReconciliationAccruedInterestOnAnticipatedTaxAssessments
0
CY2022 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
234000 usd
CY2022 tol Effective Income Tax Rate Reconciliation Accrued Interest On Anticipated Tax Assessments
EffectiveIncomeTaxRateReconciliationAccruedInterestOnAnticipatedTaxAssessments
0
CY2024 us-gaap Income Tax Reconciliation Tax Contingencies Other
IncomeTaxReconciliationTaxContingenciesOther
2556000 usd
CY2024 tol Effective Income Tax Rate Reconciliation Increase In Unrecognized Tax Benefit
EffectiveIncomeTaxRateReconciliationIncreaseInUnrecognizedTaxBenefit
0.001
CY2023 us-gaap Income Tax Reconciliation Tax Contingencies Other
IncomeTaxReconciliationTaxContingenciesOther
2209000 usd
CY2023 tol Effective Income Tax Rate Reconciliation Increase In Unrecognized Tax Benefit
EffectiveIncomeTaxRateReconciliationIncreaseInUnrecognizedTaxBenefit
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CY2022 us-gaap Income Tax Reconciliation Tax Contingencies Other
IncomeTaxReconciliationTaxContingenciesOther
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CY2022 tol Effective Income Tax Rate Reconciliation Increase In Unrecognized Tax Benefit
EffectiveIncomeTaxRateReconciliationIncreaseInUnrecognizedTaxBenefit
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CY2024 tol Effective Income Tax Rate Reconciliation Tax Benefitfrom Stock Compensation
EffectiveIncomeTaxRateReconciliationTaxBenefitfromStockCompensation
17546000 usd
CY2024 tol Effective Income Tax Rate Reconciliation Tax Benefitfrom Stock Compensation Percent
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CY2023 tol Effective Income Tax Rate Reconciliation Tax Benefitfrom Stock Compensation
EffectiveIncomeTaxRateReconciliationTaxBenefitfromStockCompensation
7320000 usd
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CY2022 tol Effective Income Tax Rate Reconciliation Tax Benefitfrom Stock Compensation
EffectiveIncomeTaxRateReconciliationTaxBenefitfromStockCompensation
3012000 usd
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CY2024 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
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CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2023 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
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CY2022 us-gaap Income Tax Reconciliation Tax Credits
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CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2024 tol Effective Income Tax Rate Reconciliation State And Local Income Taxes Percent Gross
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CY2023 tol Effective Income Tax Rate Reconciliation State And Local Income Taxes Percent Gross
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CY2022 tol Effective Income Tax Rate Reconciliation State And Local Income Taxes Percent Gross
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CY2023 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2024 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2023 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CurrentIncomeTaxExpenseBenefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
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DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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DeferredIncomeTaxExpenseBenefit
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CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2024 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
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CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2024 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
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CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2024Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2024 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
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CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
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CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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CY2024Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
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23074000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses
25005000 usd
CY2024Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
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CY2023Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
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12603000 usd
CY2024Q4 tol Deferred Tax Asset Unrecognized Tax Benefits
DeferredTaxAssetUnrecognizedTaxBenefits
4130000 usd
CY2023Q4 tol Deferred Tax Asset Unrecognized Tax Benefits
DeferredTaxAssetUnrecognizedTaxBenefits
1385000 usd
CY2024Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
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CY2023Q4 us-gaap Deferred Tax Assets Other
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CY2023Q4 us-gaap Deferred Tax Assets Gross
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CY2024Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Interest
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DeferredTaxLiabilitiesTaxDeferredIncome
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CY2024Q4 tol Deferred Tax Liability Expenses Taken For Tax Not For Book
DeferredTaxLiabilityExpensesTakenForTaxNotForBook
2304000 usd
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DeferredTaxLiabilityExpensesTakenForTaxNotForBook
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DeferredTaxLiabilitiesPropertyPlantAndEquipment
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DeferredTaxLiabilitiesPropertyPlantAndEquipment
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CY2024Q4 tol Deferred Tax Liabilities Marketing
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DeferredTaxLiabilitiesMarketing
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CY2024Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2023Q4 us-gaap Deferred Income Tax Liabilities
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CY2024Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
160290000 usd
CY2024Q4 us-gaap Common Stock Shares Authorized
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CY2024Q4 us-gaap Preferred Stock Shares Authorized
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CommonStockReservedForOutstandingStockOptionsAndRestrictedStockUnits
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CY2024Q4 us-gaap Preferred Stock Shares Issued
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CY2024 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
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CY2023 us-gaap Treasury Stock Shares Acquired
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CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
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CY2024 us-gaap Treasury Stock Acquired Average Cost Per Share
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CY2024Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
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CY2023Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
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CY2022Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
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CY2024 tol Percentage Of Ownership Of Companys Common Stock For Restricts Certain Transfers
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CY2024 tol Percentage Of Ownership Of Companys Common Stock For Restricts Certain Transfers
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0.0495
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CY2024Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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37618000 usd
CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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3200000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3700000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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CY2023 us-gaap Allocated Share Based Compensation Expense
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tol-20241031.xsd Edgar Link pending
tol-20241031x10kxex22.htm Edgar Link pending
tol-20241031x10kxex23.htm Edgar Link pending
tol-20241031x10qxex3101.htm Edgar Link pending
tol-20241031x10qxex3102.htm Edgar Link pending
tol-20241031x10qxex3201.htm Edgar Link pending
tol-20241031x10qxex3202.htm Edgar Link pending
tol-20241031x10xkxex21.htm Edgar Link pending
tol-20241031_g1.jpg Edgar Link pending
tol-2024x1031x10kxex446.htm Edgar Link pending
tollbrothers_alhbxblacka.jpg Edgar Link pending
tol-20241031_cal.xml Edgar Link unprocessable
tol-20241031_def.xml Edgar Link unprocessable
tol-20241031_lab.xml Edgar Link unprocessable
tol-20241031_pre.xml Edgar Link unprocessable
tol-20241031_htm.xml Edgar Link completed