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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Sep. 30, 2024
ASSETS    
Cash and cash equivalents $ 2,471.4 $ 4,516.4
Restricted cash 46.7 27.6
Total cash, cash equivalents and restricted cash 2,518.1 4,544.0
Inventories:    
Construction in progress and finished homes 8,651.3 8,875.8
Residential land and lots — developed and under development 14,412.5 12,948.1
Land held for development 288.6 160.6
Land held for sale 11.9 12.7
Rental properties 3,118.1 2,906.0
Total inventory 26,482.4 24,903.2
Mortgage loans held for sale 2,455.0 2,477.5
Deferred income taxes, net of valuation allowance of $14.9 million at March 31, 2025 and September 30, 2024 74.6 167.5
Property and equipment, net 536.5 531.0
Other assets 3,459.9 3,317.6
Goodwill 163.5 163.5
Total assets 35,690.0 36,104.3
LIABILITIES    
Accounts payable 1,373.8 1,345.5
Accrued expenses and other liabilities 2,939.1 3,016.7
Notes payable 6,518.4 5,917.7
Total liabilities 10,831.3 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, 403,909,383 shares issued and 308,629,060 shares outstanding at March 31, 2025 and 402,848,342 shares issued and 324,027,360 shares outstanding at September 30, 2024 4.0 4.0
Additional paid-in capital 3,509.6 3,490.7
Retained earnings 29,352.3 27,951.0
Treasury stock, 95,280,323 shares and 78,820,982 shares at March 31, 2025 and September 30, 2024, respectively, at cost (8,538.8) (6,132.9)
Stockholders’ equity 24,327.1 25,312.8
Noncontrolling interests 531.6 511.6
Total equity 24,858.7 25,824.4
Total liabilities and equity $ 35,690.0 $ 36,104.3