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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2022
Nov. 30, 2021
Assets    
Cash and cash equivalents $ 330,198 $ 292,136
Inventories 5,543,176 4,802,829
Property and equipment, net 89,234 76,313
Total assets 6,651,930 5,835,918
Liabilities and stockholders’ equity    
Accrued expenses and other liabilities 736,971 756,905
Notes payable 1,838,511 1,685,027
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, 2022 and 2021; 100,711,153 shares issued at November 30, 2022 and 2021 100,711 100,711
Paid-in capital 836,260 848,620
Retained earnings 3,143,578 2,379,364
Accumulated other comprehensive loss (5,575) (19,119)
Grantor stock ownership trust, at cost: 6,705,247 shares at November 30, 2022 and 2021 (72,718) (72,718)
Treasury stock, at cost: 10,015,507 and 5,785,058 shares at November 30, 2022 and 2021, respectively (341,461) (217,383)
Total stockholders’ equity 3,660,795 3,019,475
Total liabilities and stockholders’ equity $ 6,651,930 $ 5,835,918
Shares of common stock issued (in shares) 100,711,153 100,711,153
Grantor stock ownership trust (in shares) 6,705,247 6,705,247
Homebuilding    
Assets    
Cash and cash equivalents $ 328,517 $ 290,764
Receivables 322,767 304,191
Inventories 5,543,176 4,802,829
Investments in unconsolidated joint ventures 46,785 36,088
Property and equipment, net 89,234 76,313
Deferred tax assets, net 160,868 177,378
Other assets 101,051 104,153
Total assets 6,592,398 5,791,716
Liabilities and stockholders’ equity    
Accounts payable 412,525 371,826
Accrued expenses and other liabilities 736,971 756,905
Notes payable 1,838,511 1,685,027
Total Homebuilding 2,988,007 2,813,758
Financial service    
Assets    
Cash and cash equivalents 1,681 1,372
Receivables 3,475 2,166
Investments in unconsolidated joint ventures 26,678 16,317
Other assets [1] 27,698 24,347
Total assets 59,532 44,202
Liabilities and stockholders’ equity    
Financial services $ 3,128 $ 2,685
[1] Other assets at November 30, 2022 and 2021 included $27.6 million and $24.1 million, respectively, of contract assets for estimated future renewal commissions