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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2021
Nov. 30, 2020
Assets    
Cash and cash equivalents $ 292,136 $ 682,529
Inventories 4,802,829 3,897,482
Property and equipment, net 76,313 65,547
Total assets 5,835,918 5,356,442
Liabilities and stockholders’ equity    
Accrued expenses and other liabilities 756,905 667,501
Notes payable 1,685,027 1,747,175
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, 2021 and 2020; 100,711,153 and 99,868,625 shares issued at November 30, 2021 and 2020, respectively 100,711 99,869
Paid-in capital 848,620 824,306
Retained earnings 2,379,364 1,868,896
Accumulated other comprehensive loss (19,119) (22,276)
Grantor stock ownership trust, at cost: 6,705,247 and 7,124,317 shares at November 30, 2021 and 2020, respectively (72,718) (77,265)
Treasury stock, at cost: 5,785,058 and 1,106,537 shares at November 30, 2021 and 2020, respectively (217,383) (27,761)
Total stockholders’ equity 3,019,475 2,665,769
Total liabilities and stockholders’ equity 5,835,918 5,356,442
Homebuilding    
Assets    
Cash and cash equivalents 290,764 681,190
Receivables 304,191 272,659
Inventories 4,802,829 3,897,482
Investments in unconsolidated joint ventures 36,088 46,785
Property and equipment, net 76,313 65,547
Deferred tax assets, net 177,378 231,067
Other assets 104,153 125,510
Total assets 5,791,716 5,320,240
Liabilities and stockholders’ equity    
Accounts payable 371,826 273,368
Accrued expenses and other liabilities 756,905 667,501
Notes payable 1,685,027 1,747,175
Total Homebuilding 2,813,758 2,688,044
Financial service    
Assets    
Cash and cash equivalents 1,372 1,339
Receivables 2,166 1,988
Investments in unconsolidated joint ventures 16,317 10,978
Other assets [1] 24,347 21,897
Total assets 44,202 36,202
Liabilities and stockholders’ equity    
Financial services $ 2,685 $ 2,629
[1] Other assets at November 30, 2021 and 2020 included $24.1 million and $21.5 million, respectively, of contract assets for estimated future renewal commissions