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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Sep. 30, 2024
ASSETS    
Cash and cash equivalents $ 2,614.0 $ 4,516.4
Restricted cash 50.9 27.6
Total cash, cash equivalents and restricted cash 2,664.9 4,544.0
Inventories:    
Construction in progress and finished homes 9,024.3 8,875.8
Residential land and lots — developed and under development 14,252.7 12,948.1
Land held for development 286.9 160.6
Land held for sale 29.8 12.7
Rental properties 3,132.4 2,906.0
Total inventory 26,726.1 24,903.2
Mortgage loans held for sale 2,767.7 2,477.5
Deferred income taxes, net of valuation allowance of $14.8 million and $14.9 million at June 30, 2025 and September 30, 2024, respectively 66.5 167.5
Property and equipment, net 559.7 531.0
Other assets 3,447.5 3,317.6
Goodwill 163.5 163.5
Total assets 36,395.9 36,104.3
LIABILITIES    
Accounts payable 1,388.8 1,345.5
Accrued expenses and other liabilities 3,165.4 3,016.7
Notes payable 7,248.7 5,917.7
Total liabilities 11,802.9 10,279.9
Commitments and contingencies (Note K)
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, 403,939,994 shares issued and 298,945,018 shares outstanding at June 30, 2025 and 402,848,342 shares issued and 324,027,360 shares outstanding at September 30, 2024 4.0 4.0
Additional paid-in capital 3,536.7 3,490.7
Retained earnings 30,254.5 27,951.0
Treasury stock, 104,994,976 shares and 78,820,982 shares at June 30, 2025 and September 30, 2024, respectively, at cost (9,742.3) (6,132.9)
Stockholders’ equity 24,052.9 25,312.8
Noncontrolling interests 540.1 511.6
Total equity 24,593.0 25,824.4
Total liabilities and equity $ 36,395.9 $ 36,104.3