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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2024
Nov. 30, 2023
Assets    
Inventories $ 5,528,020 $ 5,133,646
Property and equipment, net 90,359 88,309
Total assets 6,936,169 6,648,362
Liabilities and stockholders’ equity    
Accrued expenses and other liabilities 796,261 758,227
Notes payable 1,691,679 1,689,898
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, 2024 and 2023; 74,409,977 and 101,275,979 shares issued at November 30, 2024 and 2023, respectively 74,410 101,276
Paid-in capital 862,049 845,693
Retained earnings 3,269,423 3,676,924
Accumulated other comprehensive loss (3,704) (3,671)
Grantor stock ownership trust, at cost: 6,705,247 shares at November 30, 2023 0 (72,718)
Treasury stock, at cost: 2,253,156 and 18,703,704 shares at November 30, 2024 and 2023, respectively (141,562) (737,364)
Total stockholders’ equity 4,060,616 3,810,140
Total liabilities and stockholders’ equity 6,936,169 6,648,362
Homebuilding    
Assets    
Cash and cash equivalents 597,973 727,076
Receivables 377,533 366,862
Inventories 5,528,020 5,133,646
Investments in unconsolidated joint ventures 67,020 59,128
Property and equipment, net 90,359 88,309
Deferred tax assets, net 102,421 119,475
Other assets 105,920 96,987
Total assets 6,869,246 6,591,483
Liabilities and stockholders’ equity    
Accounts payable 384,894 388,452
Accrued expenses and other liabilities 796,261 758,227
Notes payable 1,691,679 1,689,898
Total Homebuilding 2,872,834 2,836,577
Financial service    
Assets    
Cash and cash equivalents 1,220 266
Receivables 5,407 2,783
Investments in unconsolidated joint ventures 21,997 19,354
Other assets [1] 38,299 34,476
Total assets 66,923 56,879
Liabilities and stockholders’ equity    
Financial services $ 2,719 $ 1,645
[1] Other assets at November 30, 2024 and 2023 included $38.2 million and $34.4 million, respectively, of contract assets for estimated future renewal commissions