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v3.22.4

Consolidated Balance Sheets - USD ($) $ in Thousands | Nov. 30, 2022 | Nov. 30, 2021
--- | --- | ---
Assets |  |  |
Cash and cash equivalents |  | $ 330,198 | $ 292,136
Inventories |  | 5,543,176 | 4,802,829
Property and equipment, net |  | 89,234 | 76,313
Total assets |  | 6,651,930 | 5,835,918
Liabilities and stockholders’ equity |  |  |
Accrued expenses and other liabilities |  | 736,971 | 756,905
Notes payable |  | 1,838,511 | 1,685,027
Stockholders’ equity: |  |  |
Preferred stock — $1.00 par value; 10,000,000 shares authorized; none issued |  | 0 | 0
Common stock —$1.00 par value; 290,000,000 shares authorized at November 30, 2022 and 2021; 100,711,153 shares issued at November 30, 2022 and 2021 |  | 100,711 | 100,711
Paid-in capital |  | 836,260 | 848,620
Retained earnings |  | 3,143,578 | 2,379,364
Accumulated other comprehensive loss |  | (5,575) | (19,119)
Grantor stock ownership trust, at cost: 6,705,247 shares at November 30, 2022 and 2021 |  | (72,718) | (72,718)
Treasury stock, at cost: 10,015,507 and 5,785,058 shares at November 30, 2022 and 2021, respectively |  | (341,461) | (217,383)
Total stockholders’ equity |  | 3,660,795 | 3,019,475
Total liabilities and stockholders’ equity |  | $ 6,651,930 | $ 5,835,918
Shares of common stock issued (in shares) |  | 100,711,153 | 100,711,153
Grantor stock ownership trust (in shares) |  | 6,705,247 | 6,705,247
Homebuilding |  |  |
Assets |  |  |
Cash and cash equivalents |  | $ 328,517 | $ 290,764
Receivables |  | 322,767 | 304,191
Inventories |  | 5,543,176 | 4,802,829
Investments in unconsolidated joint ventures |  | 46,785 | 36,088
Property and equipment, net |  | 89,234 | 76,313
Deferred tax assets, net |  | 160,868 | 177,378
Other assets |  | 101,051 | 104,153
Total assets |  | 6,592,398 | 5,791,716
Liabilities and stockholders’ equity |  |  |
Accounts payable |  | 412,525 | 371,826
Accrued expenses and other liabilities |  | 736,971 | 756,905
Notes payable |  | 1,838,511 | 1,685,027
Total Homebuilding |  | 2,988,007 | 2,813,758
Financial service |  |  |
Assets |  |  |
Cash and cash equivalents |  | 1,681 | 1,372
Receivables |  | 3,475 | 2,166
Investments in unconsolidated joint ventures |  | 26,678 | 16,317
Other assets | [1] | 27,698 | 24,347
Total assets |  | 59,532 | 44,202
Liabilities and stockholders’ equity |  |  |
Financial services |  | $ 3,128 | $ 2,685
[1] | Other assets at November 30, 2022 and 2021 included $27.6 million and $24.1 million, respectively, of contract assets for estimated future renewal commissions

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