XML 33 R3.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2023
Revenues $ 6,236,214 $ 6,930,086 $ 6,410,629
Equity in income (loss) of unconsolidated joint ventures 22,505 33,195 14,984
Loss on early extinguishment of debt (954) 0 0
Total pretax income 554,189 850,918 771,277
Income tax expense (125,400) (195,900) (181,100)
Net income $ 428,789 $ 655,018 $ 590,177
Earnings per share:      
Basic (in dollars per share) $ 6.28 $ 8.70 $ 7.25
Diluted (in dollars per share) $ 6.15 $ 8.45 $ 7.03
Weighted average shares outstanding:      
Basic (in shares) 67,905 74,753 80,842
Diluted (in shares) 69,254 76,955 83,380
Homebuilding      
Revenues $ 6,211,905 $ 6,902,239 $ 6,381,106
Construction and land costs (5,058,660) (5,451,483) (5,030,275)
Selling, general and administrative expenses (646,182) (686,848) (632,094)
Operating income 507,063 763,908 718,737
Interest income and other 7,386 32,101 13,759
Equity in income (loss) of unconsolidated joint ventures 5,715 6,019 (713)
Loss on early extinguishment of debt (954) 0 0
Total pretax income 519,210 802,028 731,783
Financial service      
Revenues 24,309 27,847 29,523
Selling, general and administrative expenses (6,120) (6,133) (5,726)
Operating income 18,189 21,714 23,797
Equity in income (loss) of unconsolidated joint ventures 16,790 27,176 15,697
Total pretax income $ 34,979 $ 48,890 $ 39,494