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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Sep. 30, 2024
ASSETS    
Cash and cash equivalents $ 2,985.4 $ 4,516.4
Restricted cash 47.9 27.6
Total cash, cash equivalents and restricted cash 3,033.3 4,544.0
Inventories:    
Construction in progress and finished homes 7,648.5 8,875.8
Residential land and lots — developed and under development 14,695.8 12,948.1
Land held for development 218.3 160.6
Land held for sale 21.4 12.7
Rental properties 2,703.3 2,906.0
Total inventory 25,287.3 24,903.2
Mortgage loans held for sale 2,566.5 2,477.5
Deferred income taxes, net of valuation allowance of $14.6 million and $14.9 million at September 30, 2025 and 2024, respectively 44.5 167.5
Property and equipment, net 578.9 531.0
Other assets 3,797.2 3,317.6
Goodwill 163.5 163.5
Total assets 35,471.2 36,104.3
LIABILITIES    
Accounts payable 1,221.9 1,345.5
Accrued expenses and other liabilities 3,541.6 3,016.7
Notes payable 5,965.5 5,917.7
Total liabilities 10,729.0 10,279.9
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, 404,031,443 shares issued and 294,475,153 shares outstanding at September 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 3,576.1 3,490.7
Retained earnings 31,041.4 27,951.0
Treasury stock, 109,556,290 shares and 78,820,982 shares at September 30, 2025 and 2024, respectively, at cost (10,431.1) (6,132.9)
Stockholders’ equity 24,190.4 25,312.8
Noncontrolling interests 551.8 511.6
Total equity 24,742.2 25,824.4
Total liabilities and equity $ 35,471.2 $ 36,104.3