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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Sep. 30, 2023
ASSETS    
Cash and cash equivalents $ 2,992.3 $ 3,873.6
Restricted cash 27.7 26.5
Total cash, cash equivalents and restricted cash 3,020.0 3,900.1
Inventories:    
Construction in progress and finished homes 9,880.5 9,001.4
Residential land and lots — developed and under development 12,413.4 10,621.9
Land held for development 155.8 50.0
Land held for sale 15.8 8.7
Rental properties 3,070.6 2,691.3
Total inventories 25,536.1 22,373.3
Mortgage loans held for sale 2,578.8 2,519.9
Deferred income taxes, net of valuation allowance of $14.7 million and $14.8 million at June 30, 2024 and September 30, 2023, respectively 156.6 187.2
Property and equipment, net 520.9 445.4
Other assets 3,175.5 2,993.0
Goodwill 163.5 163.5
Total assets 35,151.4 32,582.4
LIABILITIES    
Accounts payable 1,412.7 1,246.2
Accrued expenses and other liabilities 2,897.0 3,103.8
Notes payable 5,691.0 5,094.5
Total liabilities 10,000.7 9,444.5
Commitments and contingencies (Note K)
EQUITY    
Preferred stock, $.10 par value, 30,000,000 shares authorized, no shares issued 0.0 0.0
Common stock, $.01 par value, 1,000,000,000 shares authorized, 402,771,463 shares issued and 327,373,437 shares outstanding at June 30, 2024 and 401,202,253 shares issued and 334,848,565 shares outstanding at September 30, 2023 4.0 4.0
Additional paid-in capital 3,458.9 3,432.2
Retained earnings 26,765.3 23,589.8
Treasury stock, 75,398,026 shares and 66,353,688 shares at June 30, 2024 and September 30, 2023, respectively, at cost (5,571.7) (4,329.8)
Stockholders’ equity 24,656.5 22,696.2
Noncontrolling interests 494.2 441.7
Total equity 25,150.7 23,137.9
Total liabilities and equity $ 35,151.4 $ 32,582.4