Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2019	Nov. 30, 2018
Assets
Cash and cash equivalents	$ 454,858	$ 575,119
Receivables	249,055	292,830
Inventories	3,704,602	3,582,839
Property and equipment, net	65,043	24,283
Other assets	83,041	83,100
Total assets	5,015,482	5,073,571
Liabilities and stockholders' equity
Accrued expenses and other liabilities	618,783	666,268
Notes payable	1,748,747	2,060,263
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, 2019 and 2018; 121,592,978 and 119,195,914 shares issued at November 30, 2019 and 2018, respectively	121,593	119,196
Paid-in capital	793,954	753,570
Retained earnings	2,157,183	1,897,168
Accumulated other comprehensive loss	(15,506)	(9,565)
Grantor stock ownership trust, at cost: 7,630,582 and 8,157,235 shares at November 30, 2019 and 2018, respectively	(82,758)	(88,472)
Treasury stock, at cost: 24,355,845 and 24,113,487 shares at November 30, 2019 and 2018, respectively	(591,344)	(584,397)
Total stockholder's equity	2,383,122	2,087,500
Total liabilities and stockholders' equity	5,015,482	5,073,571
Financial services
Assets
Cash and cash equivalents	1,044	760
Receivables	2,232	2,885
Investments in unconsolidated joint ventures	14,374	8,594
Other assets	20,746	141
Total assets	38,396	12,380
Liabilities and stockholders' equity
Financial services	2,058	1,495
Homebuilding:
Assets
Cash and cash equivalents	453,814	574,359
Receivables	249,055	292,830
Inventories	3,704,602	3,582,839
Investments in unconsolidated joint ventures	57,038	61,960
Property and equipment, net	65,043	24,283
Deferred tax assets, net	364,493	441,820
Other assets	83,041	83,100
Total assets	4,977,086	5,061,191
Liabilities and stockholders' equity
Accounts payable	262,772	258,045
Accrued expenses and other liabilities	618,783	666,268
Notes payable	1,748,747	2,060,263
Total Homebuilding	$ 2,630,302	$ 2,984,576