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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2023
Nov. 30, 2022
Assets    
Inventories $ 5,445,153 $ 5,543,176
Total assets 6,514,101 6,651,930
Liabilities and stockholders’ equity    
Accrued expenses and other liabilities 678,611 736,971
Notes payable 1,788,850 1,838,511
Stockholders’ equity:    
Common stock — 100,783,133 and 100,711,153 shares issued at February 28, 2023 and November 30, 2022, respectively 100,783 100,711
Paid-in capital 819,904 836,260
Retained earnings 3,256,602 3,143,578
Accumulated other comprehensive loss (5,575) (5,575)
Grantor stock ownership trust, at cost: 6,705,247 shares at February 28, 2023 and November 30, 2022 (72,718) (72,718)
Treasury stock, at cost: 11,586,694 and 10,015,507 at February 28, 2023 and November 30, 2022, respectively (403,533) (341,461)
Total stockholders’ equity 3,695,463 3,660,795
Total liabilities and stockholders’ equity 6,514,101 6,651,930
Homebuilding    
Assets    
Cash and cash equivalents 260,127 328,517
Receivables 348,567 322,767
Inventories 5,445,153 5,543,176
Investments in unconsolidated joint ventures 51,188 46,785
Property and equipment, net 89,359 89,234
Deferred tax assets, net 155,868 160,868
Other assets 102,902 101,051
Total assets 6,453,164 6,592,398
Liabilities and stockholders’ equity    
Accounts payable 349,800 412,525
Accrued expenses and other liabilities 678,611 736,971
Notes payable 1,788,850 1,838,511
Total Homebuilding 2,817,261 2,988,007
Financial services    
Assets    
Cash and cash equivalents 700 1,681
Receivables 2,978 3,475
Investments in unconsolidated joint ventures 28,249 26,678
Other assets [1] 29,010 27,698
Total assets 60,937 59,532
Liabilities and stockholders’ equity    
Financial services $ 1,377 $ 3,128
[1] Other assets at February 28, 2023 and November 30, 2022 included $28.9 million and $27.6 million, respectively, of contract assets for estimated future renewal commissions.