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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2024
Nov. 30, 2023
Assets    
Inventories $ 5,648,930 $ 5,133,646
Total assets 6,839,880 6,648,362
Liabilities and stockholders’ equity    
Accrued expenses and other liabilities 757,928 758,227
Notes payable 1,691,060 1,689,898
Stockholders’ equity:    
Common stock — 101,891,905 and 101,275,979 shares issued at August 31, 2024 and November 30, 2023, respectively 101,892 101,276
Paid-in capital 856,603 845,693
Retained earnings 4,087,800 3,676,924
Accumulated other comprehensive loss (3,671) (3,671)
Grantor stock ownership trust, at cost: 6,705,247 shares at August 31, 2024 and November 30, 2023 (72,718) (72,718)
Treasury stock, at cost: 21,852,181 and 18,703,704 at August 31, 2024 and November 30, 2023, respectively (982,812) (737,364)
Total stockholders’ equity 3,987,094 3,810,140
Total liabilities and stockholders’ equity 6,839,880 6,648,362
Homebuilding    
Assets    
Cash and cash equivalents 374,911 727,076
Receivables 373,536 366,862
Inventories 5,648,930 5,133,646
Investments in unconsolidated joint ventures 62,984 59,128
Property and equipment, net 89,290 88,309
Deferred tax assets, net 113,775 119,475
Other assets 113,675 96,987
Total assets 6,777,101 6,591,483
Liabilities and stockholders’ equity    
Accounts payable 401,768 388,452
Accrued expenses and other liabilities 757,928 758,227
Notes payable 1,691,060 1,689,898
Total Homebuilding 2,850,756 2,836,577
Financial services    
Assets    
Cash and cash equivalents 782 266
Receivables 3,655 2,783
Investments in unconsolidated joint ventures 19,743 19,354
Other assets [1] 38,599 34,476
Total assets 62,779 56,879
Liabilities and stockholders’ equity    
Financial services $ 2,030 $ 1,645
[1] Other assets at August 31, 2024 and November 30, 2023 included $38.5 million and $34.4 million, respectively, of contract assets for estimated future renewal commissions.