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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Sep. 30, 2023
ASSETS    
Cash and cash equivalents $ 4,516.4 $ 3,873.6
Restricted cash 27.6 26.5
Total cash, cash equivalents and restricted cash 4,544.0 3,900.1
Inventories:    
Construction in progress and finished homes 8,875.8 9,001.4
Residential land and lots — developed and under development 12,948.1 10,621.9
Land held for development 160.6 50.0
Land held for sale 12.7 8.7
Rental properties 2,906.0 2,691.3
Total inventory 24,903.2 22,373.3
Mortgage loans held for sale 2,477.5 2,519.9
Deferred income taxes, net of valuation allowance of $14.9 million and $14.8 million at September 30, 2024 and 2023, respectively 167.5 187.2
Property and equipment, net 531.0 445.4
Other assets 3,317.6 2,993.0
Goodwill 163.5 163.5
Total assets 36,104.3 32,582.4
LIABILITIES    
Accounts payable 1,345.5 1,246.2
Accrued expenses and other liabilities 3,016.7 3,103.8
Notes payable 5,917.7 5,094.5
Total liabilities 10,279.9 9,444.5
Commitments and Contingencies
EQUITY    
Preferred stock, $.10 par value, 30,000,000 shares authorized, no shares issued 0.0 0.0
Common stock, $.01 par value, 1,000,000,000 shares authorized, 402,848,342 shares issued and 324,027,360 shares outstanding at September 30, 2024 and 401,202,253 shares issued and 334,848,565 shares outstanding at September 30, 2023 4.0 4.0
Additional paid-in capital 3,490.7 3,432.2
Retained earnings 27,951.0 23,589.8
Treasury stock, 78,820,982 shares and 66,353,688 shares at September 30, 2024 and 2023, respectively, at cost (6,132.9) (4,329.8)
Stockholders’ equity 25,312.8 22,696.2
Noncontrolling interests 511.6 441.7
Total equity 25,824.4 23,137.9
Total liabilities and equity $ 36,104.3 $ 32,582.4