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Toll Brothers TOL Consolidation — Proceeds From Dividends Received

Discontinued — last reported Q1 '16

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Other financials

Income statement

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Revenue$2.5B-7.6%
Gross profit$604.9M-14.3%
Operating income$346.6M-22.9%
Net income$260.6M-26.1%
EPS (diluted)$2.72-22.3%

Balance sheet

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Cash & equivalents$1.2B+53.9%
Total debt$139.8M+8.1%
Total equity$8.5B+6.6%
Total assets$14.5B+2.4%

Cash flow

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Operating cash flow$134.5M-62.9%
CapEx$24.5M+56.9%
Free cash flow$110.0M-68.3%

Valuation

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Market cap$14.55B+34.0%
Enterprise value$13.52B+32.0%
P/E11.3×+3.4×
P/S1.3×+0.3×

Profitability

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Gross margin24.2%-2.0pp
Operating margin14.6%-2.0pp
Net margin11.7%-1.3pp
FCF margin11%+4.2pp

Returns & leverage

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Return on equity15.7%-2.4pp
Debt / equity0.0×

Where this comes from

Reported directly by Toll Brothers in its filing.

Tagged under the XBRL concept us-gaap:ProceedsFromDividendsReceived.

The official record: Toll Brothers’s 10-Q, filed March 7, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation — proceeds from dividends received mean?
This metric captures the elimination of dividend payments made by subsidiaries to the parent company during the consolidation process. By removing these internal cash flows, the company avoids inflating its reported cash inflows from investing activities. It serves as a reconciliation item to ensure consolidated cash flow statements only report external dividends.