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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Dec. 31, 2024
Sep. 30, 2024
ASSETS    
Cash and cash equivalents $ 3,050.1 $ 4,516.4
Restricted cash 18.9 27.6
Total cash, cash equivalents and restricted cash 3,069.0 4,544.0
Inventories:    
Construction in progress and finished homes 8,701.4 8,875.8
Residential land and lots — developed and under development 14,093.5 12,948.1
Land held for development 288.0 160.6
Land held for sale 8.7 12.7
Rental properties 2,988.9 2,906.0
Total inventory 26,080.5 24,903.2
Mortgage loans held for sale 1,794.4 2,477.5
Deferred income taxes, net of valuation allowance of $14.9 million at December 31, 2024 and September 30, 2024 127.4 167.5
Property and equipment, net 524.2 531.0
Other assets 3,270.7 3,317.6
Goodwill 163.5 163.5
Total assets 35,029.7 36,104.3
LIABILITIES    
Accounts payable 1,372.6 1,345.5
Accrued expenses and other liabilities 3,096.5 3,016.7
Notes payable 5,097.7 5,917.7
Total liabilities 9,566.8 10,279.9
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, 403,275,949 shares issued and 317,652,200 shares outstanding at December 31, 2024 and 402,848,342 shares issued and 324,027,360 shares outstanding at September 30, 2024 4.0 4.0
Additional paid-in capital 3,508.2 3,490.7
Retained earnings 28,667.4 27,951.0
Treasury stock, 85,623,749 shares and 78,820,982 shares at December 31, 2024 and September 30, 2024, respectively, at cost (7,235.7) (6,132.9)
Stockholders’ equity 24,943.9 25,312.8
Noncontrolling interests 519.0 511.6
Total equity 25,462.9 25,824.4
Total liabilities and equity $ 35,029.7 $ 36,104.3