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Investments in Unconsolidated Joint Ventures (Tables)
12 Months Ended
Nov. 30, 2022
Homebuilding  
Schedule of Equity Method Investments [Line Items]  
Schedule of Statements of operations of unconsolidated joint ventures The following table presents combined condensed information from the statements of operations for our homebuilding unconsolidated joint ventures (in thousands):
 Years Ended November 30,
 202220212020
Revenues$5,251 $14,818 $127,270 
Construction and land costs(3,875)(12,398)(93,162)
Other expenses, net(2,935)(2,640)(8,850)
Income (loss)$(1,559)$(220)$25,258 
Schedule of Balance sheets of unconsolidated joint ventures
The following table presents combined condensed balance sheet information for our homebuilding unconsolidated joint ventures (in thousands):
 November 30,
 20222021
Assets
Cash$14,066 $15,731 
Receivables3,394 795 
Inventories114,465 64,034 
Other assets633 50 
Total assets$132,558 $80,610 
Liabilities and equity
Accounts payable and other liabilities$8,369 $12,285 
Notes payable (a)34,396 — 
Equity89,793 68,325 
Total liabilities and equity$132,558 $80,610 
(a)    As of November 30, 2022, one of our unconsolidated joint ventures had borrowings outstanding under a revolving line of credit it entered into with a third-party lender in April 2022 to finance its land acquisition, development and construction activities. Borrowings under this line of credit, which has a maximum commitment of $62.0 million, are secured by the underlying property and related project assets. The line of credit is scheduled to mature on April 19, 2026, unless extended or terminated pursuant to its applicable terms. None of our other unconsolidated joint ventures had outstanding debt at November 30, 2022 or 2021.
Financial service  
Schedule of Equity Method Investments [Line Items]  
Schedule of Statements of operations of unconsolidated joint ventures The following table presents combined condensed information from the statements of operations for our financial services unconsolidated joint ventures, primarily comprised of KBHS (in thousands):
 Years Ended November 30,
 202220212020
Revenues$115,173 $126,398 $108,417 
Expenses(73,573)(79,221)(66,109)
Income$41,600 $47,177 $42,308 
Schedule of Balance sheets of unconsolidated joint ventures
The following table presents combined condensed balance sheet information for our financial services unconsolidated joint ventures, primarily comprised of KBHS (in thousands):
November 30,
20222021
Assets
Cash and cash equivalents$28,120 $23,916 
Mortgage loans held for sale250,572 234,669 
Other assets33,176 14,060 
Total assets$311,868 $272,645 
Liabilities and equity
Accounts payable and other liabilities$15,590 $18,375 
Funding facilities242,944 221,633 
Equity53,334 32,637 
Total liabilities and equity$311,868 $272,645