Cash flow Toll Brothers, Inc.

Equities

TOL

US8894781033

Homebuilding

Market Closed - Nyse Other stock markets 16:00:02 2025-12-12 EST			5-day change	1st Jan Change
139.15 ^USD	-0.48%		+0.15%	+10.48%

12-11	Toll Brothers, Inc. Luxury Home Community Coming Soon to Westminster, Colorado	CI
12-10	UBS Adjusts Price Target on Toll Brothers to $181 From $183, Maintains Buy Rating	MT

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Published financial data: TOLL BROTHERS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2020	2021	2022	2023	2024
Revenues	7.08B	8.79B	10.28B	9.99B	10.85B
Total Revenues	7.08B	8.79B	10.28B	9.99B	10.85B
Cost of Goods Sold, Total	5.6B	6.82B	7.75B	7.3B	7.76B
Gross Profit	1.47B	1.97B	2.52B	2.7B	3.09B
Selling General & Admin Expenses, Total	863M	920M	976M	909M	983M
Other Operating Expenses, Total	863M	920M	976M	909M	983M
Operating Income	611M	1.05B	1.55B	1.79B	2.1B
Interest Expense, Total	-2.44M	-	-	-	-
Interest And Investment Income	10.01M	4.32M	-	35.13M	38.5M
Net Interest Expenses	7.57M	4.32M	-	35.13M	38.5M
Income (Loss) On Equity Invest.	948K	74.04M	23.72M	50.1M	-23.84M
Other Non Operating Income (Expenses)	18.1M	34.49M	28.34M	4.61M	31.26M
EBT, Excl. Unusual Items	638M	1.16B	1.6B	1.88B	2.15B
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	12.97M	-	-	-	-
Asset Writedown	-55.88M	-26.54M	-37.94M	-61.31M	-63.84M
Legal Settlements	-	-	141M	27.68M	-
Other Unusual Items	-7.8M	-35.21M	-	-	-
EBT, Incl. Unusual Items	587M	1.1B	1.7B	1.84B	2.09B
Income Tax Expense	140M	267M	417M	470M	514M
Earnings From Continuing Operations	447M	834M	1.29B	1.37B	1.57B
Net Income to Company	447M	834M	1.29B	1.37B	1.57B
Net Income - (IS)	447M	834M	1.29B	1.37B	1.57B
Net Income to Common Incl Extra Items	447M	834M	1.29B	1.37B	1.57B
Net Income to Common Excl. Extra Items	447M	834M	1.29B	1.37B	1.57B
Per Share Items
Net EPS - Basic	3.43	6.72	11.02	12.47	15.16
Basic EPS - Continuing Operations	3.43	6.72	11.02	12.47	15.16
Basic Weighted Average Shares Outstanding	130M	124M	117M	110M	104M
Net EPS - Diluted	3.4	6.63	10.9	12.36	15.01
Diluted EPS - Continuing Operations	3.4	6.63	10.9	12.36	15.01
Diluted Weighted Average Shares Outstanding	131M	126M	118M	111M	105M
Normalized Basic EPS	3.06	5.85	8.57	10.66	12.96
Normalized Diluted EPS	3.04	5.77	8.48	10.56	12.83
Dividend Per Share	0.44	0.62	0.77	0.83	0.9
Payout Ratio	12.67	9.19	6.91	6.64	5.94
Supplemental Items
EBITDA	680M	1.13B	1.63B	1.86B	2.18B
EBITA	611M	1.05B	1.55B	1.79B	2.1B
EBIT	611M	1.05B	1.55B	1.79B	2.1B
EBITDAR	701M	1.15B	1.65B	1.89B	2.21B
Total Revenues (As Reported)	7.08B	8.79B	10.28B	9.99B	10.85B
Effective Tax Rate - (Ratio)	23.9	24.24	24.49	25.53	24.67
Current Domestic Taxes	42.5M	255M	513M	434M	595M
Total Current Taxes	42.5M	255M	513M	434M	595M
Deferred Domestic Taxes	97.78M	11.82M	-95.85M	36.46M	-80.33M
Total Deferred Taxes	97.78M	11.82M	-95.85M	36.46M	-80.33M
Normalized Net Income	399M	726M	1B	1.17B	1.34B
Interest Capitalized	173M	153M	135M	140M	129M
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	2.65M	2.73M	2.86M	1.96M	1.53M
Supplemental Operating Expense Items
Advertising Expense	37.1M	39.1M	42.5M	49.6M	63.1M
Selling and Marketing Expenses	37.1M	39.1M	42.5M	49.6M	63.1M
Net Rental Expense, Total	21.6M	22.2M	25.6M	27.1M	24.3M
Imputed Operating Lease Interest Expense	7.55M	7M	7.74M	9.43M	8.42M
Imputed Operating Lease Depreciation	14.05M	15.2M	17.86M	17.67M	15.88M
Stock-Based Comp., SG&A Exp. (Total)	24.33M	23.19M	21.1M	24.8M	29.56M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	24.33M	23.19M	21.1M	24.8M	29.56M

Fiscal Period: October	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.37B	1.64B	1.35B	1.3B	1.3B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	1.37B	1.64B	1.35B	1.3B	1.3B
Accounts Receivable, Total	-	-	-	-	-
Other Receivables	189M	84.4M	102M	136M	151M
Total Receivables	189M	84.4M	102M	136M	151M
Inventory	7.66B	7.92B	8.73B	9.06B	9.71B
Prepaid Expenses	28.1M	34.96M	44.31M	43.76M	40.43M
Loans Held For Sale	232M	247M	185M	111M	191M
Restricted Cash	24.71M	41.43M	51.8M	44.27M	62.05M
Other Current Assets, Total	77.29M	88.63M	208M	126M	128M
Total Current Assets	9.58B	10.05B	10.67B	10.82B	11.59B
Gross Property Plant And Equipment	688M	673M	694M	712M	872M
Accumulated Depreciation	-267M	-266M	-289M	-286M	-310M
Net Property Plant And Equipment	421M	407M	404M	427M	561M
Long-term Investments	431M	599M	852M	959M	1.01B
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	633M	481M	360M	323M	211M
Total Assets	11.07B	11.54B	12.29B	12.53B	13.37B
Liabilities
Accounts Payable, Total	411M	562M	619M	598M	492M
Accrued Expenses, Total	528M	553M	585M	539M	538M
Short-term Borrowings	149M	148M	149M	100M	150M
Current Portion of Long-Term Debt	-	410M	400M	-	-
Current Portion of Leases	19.94M	18.62M	21.14M	-	-
Current Income Taxes Payable	6.59M	8.05M	169M	5.98M	37.9M
Unearned Revenue Current, Total	34.1M	36.64M	50.97M	52.91M	51.14M
Other Current Liabilities	423M	514M	570M	833M	1.04B
Total Current Liabilities	1.57B	2.25B	2.56B	2.13B	2.3B
Long-Term Debt	3.81B	3.01B	2.78B	2.76B	2.68B
Long-Term Leases	105M	97.63M	119M	124M	129M
Unearned Revenue Non Current	459M	636M	681M	541M	489M
Deferred Tax Liability Non Current	192M	207M	123M	160M	76.64M
Total Liabilities	6.14B	6.2B	6.27B	5.71B	5.68B
Common Stock, Total	1.53M	1.28M	1.28M	1.13M	1.13M
Additional Paid In Capital	717M	714M	717M	699M	695M
Retained Earnings	5.16B	4.97B	6.17B	6.68B	8.15B
Treasury Stock	-1B	-392M	-916M	-619M	-1.21B
Comprehensive Income and Other	-7.2M	1.11M	37.62M	40.91M	31.28M
Total Common Equity	4.88B	5.3B	6.01B	6.8B	7.67B
Minority Interest	52.24M	45.43M	15.75M	16.05M	15.79M
Total Equity	4.93B	5.34B	6.02B	6.81B	7.69B
Total Liabilities And Equity	11.07B	11.54B	12.29B	12.53B	13.37B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	125M	120M	111M	104M	100M
ECS Total Common Shares Outstanding	126M	120M	110M	104M	99.79M
Book Value / Share	38.54	44.08	54.79	65.49	76.87
Tangible Book Value	4.88B	5.3B	6.01B	6.8B	7.67B
Tangible Book Value Per Share	38.54	44.08	54.79	65.49	76.87
Total Debt	4.08B	3.68B	3.47B	2.98B	2.96B
Net Debt	2.71B	2.04B	2.12B	1.68B	1.66B
Debt Equivalent of Unfunded Proj. Benefit Obligation	48.37M	47.7M	36.9M	35.38M	37.03M
Debt Equivalent Oper. Leases	173M	178M	205M	217M	194M
Minority Interest, Total (Incl. Fin. Div)	52.24M	45.43M	15.75M	16.05M	15.79M
Equity Method Investments, Total	431M	599M	852M	959M	1.01B
Account Code - Inventory Valuation	3	3	-	3	3
Inventories - Raw Materials, Total	1.26B	750M	1.05B	837M	553M
Inventories - Others	6.4B	7.17B	7.68B	8.22B	9.16B
Full Time Employees	4.5K	5.1K	5.2K	4.8K	4.9K
Order Backlog	6.37B	9.5B	8.87B	6.95B	6.47B

Fiscal Period: October	2020	2021	2022	2023	2024
Net Income	447M	834M	1.29B	1.37B	1.57B
Depreciation & Amortization - CF	68.87M	76.25M	76.82M	76.47M	81.2M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	68.87M	76.25M	76.82M	76.47M	81.2M
(Gain) Loss From Sale Of Asset	-12.97M	-38.71M	576K	-416K	-5.04M
Asset Writedown & Restructuring Costs	55.88M	26.54M	39.54M	69.54M	72.79M
(Income) Loss On Equity Investments - (CF)	26.29M	9.08M	8.59M	38.3M	63.12M
Stock-Based Compensation (CF)	24.33M	23.19M	21.1M	24.8M	29.56M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	94.01M	46.62M	-92.9M	39.42M	-81.87M
Change In Accounts Receivable	-176M	136M	-95.02M	-136M	505K
Change In Inventories	353M	-196M	-619M	-22.21M	-576M
Change In Accounts Payable	71.84M	215M	152M	-23.67M	-21.79M
Change In Income Taxes	-4.19M	25.13M	160M	-163M	31.93M
Change in Other Net Operating Assets	60.88M	147M	47.44M	-9.38M	-156M
Cash from Operations	1.01B	1.3B	987M	1.27B	1.01B
Capital Expenditure	-110M	-66.88M	-71.73M	-72.96M	-73.64M
Sale of Property, Plant, and Equipment	15.62M	80.42M	28.31M	26.05M	1.14M
Cash Acquisitions	-60.35M	-	-	-	-
Investment in Marketable and Equity Securities, Total	-24.25M	-18.43M	-110M	-104M	-91.87M
Other Investing Activities, Total	698K	652K	196K	-	-3.24M
Cash from Investing	-178M	-4.24M	-153M	-151M	-168M
Long-Term Debt Issued, Total	4.03B	3.16B	4.3B	3.08B	3.74B
Total Debt Issued	4.03B	3.16B	4.3B	3.08B	3.74B
Long-Term Debt Repaid, Total	-4.11B	-3.72B	-4.77B	-3.64B	-3.84B
Total Debt Repaid	-4.11B	-3.72B	-4.77B	-3.64B	-3.84B
Issuance of Common Stock	24.86M	10.49M	-	48.27M	4.13M
Repurchase of Common Stock	-634M	-378M	-543M	-562M	-627M
Common Dividends Paid	-56.59M	-76.62M	-88.9M	-91.08M	-93.4M
Common & Preferred Stock Dividends Paid	-56.59M	-76.62M	-88.9M	-91.08M	-93.4M
Other Financing Activities, Total	-1.72M	-5.49M	-25.77M	-5.35M	-35K
Cash from Financing	-753M	-1.01B	-1.12B	-1.17B	-816M
Net Change in Cash	76.96M	288M	-286M	-54.21M	26.09M
Supplemental Items
Cash Interest Paid	18.33M	-	-	-	-
Cash Income Tax Paid (Refund)	46.69M	230M	351M	585M	550M
Levered Free Cash Flow	711M	757M	415M	986M	711M
Unlevered Free Cash Flow	713M	757M	415M	986M	711M
Change In Net Working Capital	-347M	-68.43M	579M	159M	641M
Net Debt Issued / Repaid	-85.8M	-561M	-461M	-560M	-100M

Fiscal Period: October	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.49	5.8	8.12	9	10.15
Return on Total Capital	4.23	7.27	10.46	11.58	12.86
Return On Equity %	8.89	16.24	22.64	21.38	21.67
Return on Common Equity	8.98	16.39	22.77	21.43	21.72
Margin Analysis
Gross Profit Margin %	20.82	22.4	24.57	26.97	28.45
SG&A Margin	12.19	10.47	9.5	9.1	9.06
EBITDA Margin %	9.61	12.8	15.82	18.64	20.14
EBITA Margin %	8.63	11.94	15.07	17.87	19.39
EBIT Margin %	8.63	11.94	15.07	17.87	19.39
Income From Continuing Operations Margin %	6.31	9.48	12.52	13.73	14.49
Net Income Margin %	6.31	9.48	12.52	13.73	14.49
Net Avail. For Common Margin %	6.31	9.48	12.52	13.73	14.49
Normalized Net Income Margin	5.63	8.26	9.73	11.73	12.39
Levered Free Cash Flow Margin	10.05	8.61	4.04	9.86	6.55
Unlevered Free Cash Flow Margin	10.07	8.61	4.04	9.86	6.55
Asset Turnover
Asset Turnover	0.65	0.78	0.86	0.81	0.84
Fixed Assets Turnover	20.38	21.24	25.33	24.05	21.95
Receivables Turnover (Average Receivables)	-	-	-	-	-
Inventory Turnover (Average Inventory)	0.72	0.88	0.93	0.82	0.83
Short Term Liquidity
Current Ratio	6.09	4.47	4.16	5.08	5.03
Quick Ratio	0.99	0.77	0.57	0.67	0.63
Operating Cash Flow to Current Liabilities	0.64	0.58	0.38	0.59	0.44
Days Sales Outstanding (Average Receivables)	-	-	-	-	-
Days Outstanding Inventory (Average Inventory)	507.19	416.72	392	444.81	442.63
Average Days Payable Outstanding	25.8	25.11	25.17	29.13	23.7
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	82.86	68.89	57.61	43.8	38.53
Total Debt / Total Capital	45.31	40.79	36.55	30.46	27.81
LT Debt/Equity	79.44	58.11	48.14	42.33	36.58
Long-Term Debt / Total Capital	43.44	34.41	30.55	29.44	26.4
Total Liabilities / Total Assets	55.47	53.71	51	45.61	42.5
EBIT / Interest Expense	250.41	-	-	-	-
EBITDA / Interest Expense	287.49	-	-	-	-
(EBITDA - Capex) / Interest Expense	242.58	-	-	-	-
Total Debt / EBITDA	5.82	3.21	2.1	1.58	1.34
Net Debt / EBITDA	3.87	1.78	1.29	0.89	0.75
Total Debt / (EBITDA - Capex)	6.9	3.4	2.2	1.64	1.39
Net Debt / (EBITDA - Capex)	4.58	1.89	1.34	0.93	0.78
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.03	24.2	16.9	-2.73	8.52
Gross Profit, 1 Yr. Growth %	-8.04	33.65	28.17	6.71	14.5
EBITDA, 1 Yr. Growth %	-14.31	66.36	44.4	14.5	17.3
EBITA, 1 Yr. Growth %	-15.29	72.67	47.57	15.24	17.77
EBIT, 1 Yr. Growth %	-15.29	72.67	47.57	15.24	17.77
Earnings From Cont. Operations, 1 Yr. Growth %	-24.3	86.65	54.33	6.65	14.51
Net Income, 1 Yr. Growth %	-24.3	86.65	54.33	6.65	14.51
Normalized Net Income, 1 Yr. Growth %	-19.74	84.51	37.72	17.1	14.58
Diluted EPS Before Extra, 1 Yr. Growth %	-15.63	95	64.4	13.39	21.44
Accounts Receivable, 1 Yr. Growth %	-	-	-	-	-
Inventory, 1 Yr. Growth %	-2.72	3.36	10.33	3.71	7.24
Net Property, Plant and Equip., 1 Yr. Growth %	54.03	-3.42	-0.55	5.51	31.52
Total Assets, 1 Yr. Growth %	2.19	4.27	6.51	1.94	6.71
Tangible Book Value, 1 Yr. Growth %	-3.88	8.61	13.43	13.17	12.85
Common Equity, 1 Yr. Growth %	-3.88	8.61	13.43	13.17	12.85
Cash From Operations, 1 Yr. Growth %	130.34	29.26	-24.27	28.33	-20.24
Capital Expenditures, 1 Yr. Growth %	25.98	-38.96	7.25	1.72	0.93
Levered Free Cash Flow, 1 Yr. Growth %	543.99	6.74	-44.12	136.83	-27.9
Unlevered Free Cash Flow, 1 Yr. Growth %	545.37	6.51	-44.12	136.83	-27.9
Dividend Per Share, 1 Yr. Growth %	0	40.91	24.19	7.79	8.43
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.46	10.31	20.49	6.63	2.74
Gross Profit, 2 Yr. CAGR %	-4.97	10.86	30.88	16.99	10.54
EBITDA, 2 Yr. CAGR %	-9.75	18.94	54.99	28.65	15.89
EBITA, 2 Yr. CAGR %	-13.12	20.43	59.63	30.48	16.5
EBIT, 2 Yr. CAGR %	-13.12	20.43	59.63	30.48	16.5
Earnings From Cont. Operations, 2 Yr. CAGR %	-22.74	18.87	69.72	28.29	10.51
Net Income, 2 Yr. CAGR %	-22.74	18.87	69.72	28.29	10.51
Normalized Net Income, 2 Yr. CAGR %	-18.62	20.94	59.41	27.06	15.83
Diluted EPS Before Extra, 2 Yr. CAGR %	-16.27	28.26	79.05	36.54	17.35
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-	-
Inventory, 2 Yr. CAGR %	0.4	0.27	6.78	6.97	5.46
Net Property, Plant and Equip., 2 Yr. CAGR %	47.61	21.97	-2	2.43	17.8
Total Assets, 2 Yr. CAGR %	3.93	3.23	5.38	4.2	4.3
Tangible Book Value, 2 Yr. CAGR %	1.2	2.18	10.99	13.3	13.01
Common Equity, 2 Yr. CAGR %	1.2	2.18	10.99	13.3	13.01
Cash From Operations, 2 Yr. CAGR %	30.91	72.55	-1.06	-1.42	1.18
Capital Expenditures, 2 Yr. CAGR %	97	-12.31	-19.09	4.45	1.33
Levered Free Cash Flow, 2 Yr. CAGR %	54.45	160.16	-23.48	15.18	30.67
Unlevered Free Cash Flow, 2 Yr. CAGR %	54.01	160.16	-23.56	15.18	30.67
Dividend Per Share, 2 Yr. CAGR %	3.59	18.71	32.29	15.7	8.11
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.77	7.16	12.46	12.19	7.26
Gross Profit, 3 Yr. CAGR %	5.15	6.47	16.36	22.3	16.15
EBITDA, 3 Yr. CAGR %	-0.31	10.47	26.88	40.16	24.75
EBITA, 3 Yr. CAGR %	-2.58	9.03	28.87	43.25	26.1
EBIT, 3 Yr. CAGR %	-2.58	9.03	28.87	43.25	26.1
Earnings From Cont. Operations, 3 Yr. CAGR %	-5.87	3.67	29.67	45.37	23.52
Net Income, 3 Yr. CAGR %	-5.87	3.67	29.67	45.37	23.52
Normalized Net Income, 3 Yr. CAGR %	-8.38	6.47	26.3	43.88	22.75
Diluted EPS Before Extra, 3 Yr. CAGR %	2.38	10.98	39.33	53.76	31.31
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	-
Inventory, 3 Yr. CAGR %	1.7	1.37	3.52	5.75	7.06
Net Property, Plant and Equip., 3 Yr. CAGR %	30.49	28.15	13.95	0.44	11.34
Total Assets, 3 Yr. CAGR %	5.42	4.04	4.31	4.22	5.03
Tangible Book Value, 3 Yr. CAGR %	2.47	3.61	5.8	11.71	13.15
Common Equity, 3 Yr. CAGR %	2.47	3.61	5.8	11.71	13.15
Cash From Operations, 3 Yr. CAGR %	5.37	30.36	31.13	7.9	-8.14
Capital Expenditures, 3 Yr. CAGR %	55.98	33.31	-6.22	-12.67	3.26
Levered Free Cash Flow, 3 Yr. CAGR %	8.97	36.42	54.85	11.6	-1.47
Unlevered Free Cash Flow, 3 Yr. CAGR %	8.85	36.06	54.85	11.52	-1.47
Dividend Per Share, 3 Yr. CAGR %	22.39	14.78	20.51	23.56	13.23
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.15	11.2	12.06	6.95	8.47
Gross Profit, 5 Yr. CAGR %	9.46	13.64	14.77	10.56	14.01
EBITDA, 5 Yr. CAGR %	6.08	16.39	18.82	17.41	22.39
EBITA, 5 Yr. CAGR %	4.68	15.8	18.56	17.15	23.8
EBIT, 5 Yr. CAGR %	4.83	15.8	18.56	17.15	23.8
Earnings From Cont. Operations, 5 Yr. CAGR %	4.22	16.89	19.16	12.9	21.64
Net Income, 5 Yr. CAGR %	4.22	16.89	19.16	12.9	21.64
Normalized Net Income, 5 Yr. CAGR %	2.22	14.08	14.06	14.27	22.03
Diluted EPS Before Extra, 5 Yr. CAGR %	11.48	24.91	28.04	20.57	30.08
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	-
Inventory, 5 Yr. CAGR %	1.82	1.48	3.7	3.58	4.29
Net Property, Plant and Equip., 5 Yr. CAGR %	25.23	19.12	16.37	17.17	15.47
Total Assets, 5 Yr. CAGR %	3.75	3.45	5.4	4.1	4.3
Tangible Book Value, 5 Yr. CAGR %	2.92	4.6	5.8	7.38	8.63
Common Equity, 5 Yr. CAGR %	2.92	4.6	5.8	7.38	8.63
Cash From Operations, 5 Yr. CAGR %	75.72	53.91	2.75	16.58	18.21
Capital Expenditures, 5 Yr. CAGR %	63.26	18.66	19.96	20.91	-3.27
Levered Free Cash Flow, 5 Yr. CAGR %	38.88	57.01	-5.46	27.02	44.75
Unlevered Free Cash Flow, 5 Yr. CAGR %	38.94	56.72	-5.56	26.82	44.75
Dividend Per Share, 5 Yr. CAGR %	-	-	26.26	15.15	15.39