Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
Aug. 31, 2022	Aug. 31, 2021
Cash flows from operating activities:
Net income	$ 600,256	$ 390,512
Adjustments to reconcile net income to net cash used in operating activities:
Equity in income of unconsolidated joint ventures	(19,696)	(18,418)
Distributions of earnings from unconsolidated joint ventures	10,679	18,625
Amortization of debt issuance costs and premiums	1,884	2,203
Depreciation and amortization	23,861	21,296
Deferred income taxes	21,100	36,300
Loss on early extinguishment of debt	3,598	5,075
Stock-based compensation	22,944	19,768
Inventory impairments and land option contract abandonments	9,371	11,222
Changes in assets and liabilities:
Receivables	(40,530)	(22,457)
Inventories	(954,231)	(760,350)
Accounts payable, accrued expenses and other liabilities	94,688	102,087
Other, net	2,077	13,912
Net cash used in operating activities	(223,999)	(180,225)
Cash flows from investing activities:
Contributions to unconsolidated joint ventures	(21,609)	(11,057)
Return of investments in unconsolidated joint ventures	1,255	12,724
Purchases of property and equipment, net	(33,766)	(28,219)
Net cash used in investing activities	(54,120)	(26,552)
Cash flows from financing activities:
Proceeds from issuance of debt	350,000
Repayment of senior notes	(353,598)	(274,904)
Issuance costs for unsecured revolving credit facility	(10,695)	(4,813)
Borrowings under revolving credit facility	1,485,000	0
Repayments under revolving credit facility	(1,135,000)	0
Payments on mortgages and land contracts due to land sellers and other loans	(400)	(600)
Issuance of common stock under employee stock plans	0	3,506
Stock repurchases	(100,000)	(188,175)
Tax payments associated with stock-based compensation awards	(12,153)	(8,456)
Payments of cash dividends	(39,914)	(40,965)
Net cash provided by (used in) financing activities	183,240	(124,407)
Net decrease in cash and cash equivalents	(94,879)	(331,184)
Cash and cash equivalents at beginning of period	292,136	682,529
Cash and cash equivalents at end of period	$ 197,257	$ 351,345

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