XML 30 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2020
Revenues $ 6,903,776 $ 5,724,930 $ 4,183,174
Equity in income (loss) of unconsolidated joint ventures 19,934 23,184 33,628
Loss on early extinguishment of debt (3,598) (5,075) 0
Total pretax income 1,072,066 695,346 364,043
Income tax expense (255,400) (130,600) (67,800)
Net income $ 816,666 $ 564,746 $ 296,243
Earnings per share:      
Basic (in dollars per share) $ 9.35 $ 6.22 $ 3.26
Diluted (in dollars per share) $ 9.09 $ 6.01 $ 3.13
Weighted average shares outstanding:      
Basic (in shares) 86,861 90,401 90,464
Diluted (in shares) 89,348 93,587 94,086
Homebuilding      
Revenues $ 6,880,362 $ 5,705,029 $ 4,167,702
Construction and land costs (5,213,343) (4,469,311) (3,380,451)
Selling, general and administrative expenses (629,645) (574,376) (470,779)
Operating income 1,037,374 661,342 316,472
Interest income 704 1,049 2,554
Equity in income (loss) of unconsolidated joint ventures (865) (405) 12,474
Loss on early extinguishment of debt (3,598) (5,075) 0
Total pretax income 1,033,615 656,911 331,500
Financial service      
Revenues 23,414 19,901 15,472
Selling, general and administrative expenses (5,762) (5,055) (4,083)
Operating income 17,652 14,846 11,389
Equity in income (loss) of unconsolidated joint ventures 20,799 23,589 21,154
Total pretax income $ 38,451 $ 38,435 $ 32,543