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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 29, 2024
Nov. 30, 2023
Assets    
Inventories $ 5,243,581 $ 5,133,646
Total assets 6,683,492 6,648,362
Liabilities and stockholders’ equity    
Accrued expenses and other liabilities 728,328 758,227
Notes payable 1,692,729 1,689,898
Stockholders’ equity:    
Common stock — 101,861,682 and 101,275,979 shares issued at February 29, 2024 and November 30, 2023, respectively 101,862 101,276
Paid-in capital 839,772 845,693
Retained earnings 3,799,234 3,676,924
Accumulated other comprehensive loss (3,671) (3,671)
Grantor stock ownership trust, at cost: 6,705,247 shares at February 29, 2024 and November 30, 2023 (72,718) (72,718)
Treasury stock, at cost: 19,241,230 and 18,703,704 at February 29, 2024 and November 30, 2023, respectively (781,809) (737,364)
Total stockholders’ equity 3,882,670 3,810,140
Total liabilities and stockholders’ equity 6,683,492 6,648,362
Homebuilding    
Assets    
Cash and cash equivalents 668,084 727,076
Receivables 354,728 366,862
Inventories 5,243,581 5,133,646
Investments in unconsolidated joint ventures 59,674 59,128
Property and equipment, net 88,433 88,309
Deferred tax assets, net 117,175 119,475
Other assets 93,411 96,987
Total assets 6,625,086 6,591,483
Liabilities and stockholders’ equity    
Accounts payable 378,906 388,452
Accrued expenses and other liabilities 728,328 758,227
Notes payable 1,692,729 1,689,898
Total Homebuilding 2,799,963 2,836,577
Financial services    
Assets    
Cash and cash equivalents 211 266
Receivables 2,545 2,783
Investments in unconsolidated joint ventures 19,909 19,354
Other assets [1] 35,741 34,476
Total assets 58,406 56,879
Liabilities and stockholders’ equity    
Financial services $ 859 $ 1,645
[1] Other assets at February 29, 2024 and November 30, 2023 included $35.7 million and $34.4 million, respectively, of contract assets for estimated future renewal commissions.