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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
May 31, 2019
Nov. 30, 2018
Assets    
Cash and cash equivalents $ 179,764 $ 575,119
Receivables 299,708 292,830
Inventories 3,780,853 3,582,839
Investments in unconsolidated joint ventures 56,446 61,960
Property and equipment, net 61,221 24,283
Other assets 87,734 83,100
Total assets 4,919,953 5,073,571
Liabilities and stockholders’ equity    
Accrued expenses and other liabilities 605,816 666,268
Mortgages and notes payable 1,854,556 2,060,263
Common stock 120,350 119,196
Paid-in capital 775,693 753,570
Retained earnings 1,981,795 1,897,168
Accumulated other comprehensive loss (9,565) (9,565)
Grantor stock ownership trust, at cost (85,246) (88,472)
Treasury stock, at cost (587,817) (584,397)
Total stockholders’ equity 2,195,210 2,087,500
Total liabilities and stockholders’ equity 4,919,953 5,073,571
Home Building [Member]    
Assets    
Cash and cash equivalents 178,876 574,359
Receivables 299,708 292,830
Inventories 3,780,853 3,582,839
Investments in unconsolidated joint ventures 56,446 61,960
Property and equipment, net 61,221 24,283
Deferred tax assets, net 424,395 441,820
Other assets 87,734 83,100
Total assets 4,889,233 5,061,191
Liabilities and stockholders’ equity    
Accounts payable 262,920 258,045
Accrued expenses and other liabilities 605,816 666,268
Mortgages and notes payable 1,854,556 2,060,263
Total Liabilities 2,723,292 2,984,576
Financial Service [Member]    
Assets    
Cash and cash equivalents 888 760
Receivables 1,415 2,885
Investments in unconsolidated joint ventures 8,346 8,594
Other assets [1] 20,071 141
Total assets 30,720 12,380
Liabilities and stockholders’ equity    
Financial services $ 1,451 $ 1,495
[1] Other assets at May 31, 2019 included $19.9 million of contract assets for estimated future renewal commissions due to our adoption of ASC 606 effective December 1, 2018, as described in Note 1 – Basis of Presentation and Significant Accounting Policies.