XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2023
Aug. 31, 2022
Revenues $ 1,587,011 $ 1,844,895 $ 4,736,641 $ 4,963,746
Equity in loss of unconsolidated joint ventures     9,975 19,696
Loss on early extinguishment of debt   (3,600) 0 (3,598)
Total pretax income 194,533 326,229 571,675 787,156
Income tax expense (44,600) (70,900) (131,800) (186,900)
Net income $ 149,933 $ 255,329 $ 439,875 $ 600,256
Earnings per share:        
Basic (in dollars per share) $ 1.86 $ 2.94 $ 5.34 $ 6.82
Diluted (in dollars per share) $ 1.80 $ 2.86 $ 5.18 $ 6.63
Weighted average shares outstanding:        
Basic (in shares) 80,175 86,487 81,790 87,538
Diluted (in shares) 82,732 88,857 84,332 90,075
Homebuilding        
Revenues $ 1,579,719 $ 1,838,888 $ 4,716,102 $ 4,947,868
Construction and land costs (1,240,380) (1,350,540) (3,709,759) (3,714,404)
Selling, general and administrative expenses (160,097) (163,238) (468,510) (474,332)
Operating income 179,242 325,110 537,833 759,132
Interest income 5,492 192 7,688 267
Equity in loss of unconsolidated joint ventures (112) (100) (1,182) (387)
Loss on early extinguishment of debt 0 (3,598) 0 (3,598)
Total pretax income 184,622 321,604 544,339 755,414
Financial services        
Revenues 7,292 6,007 20,539 15,878
Selling, general and administrative expenses (1,530) (1,510) (4,360) (4,219)
Operating income 5,762 4,497 16,179 11,659
Equity in loss of unconsolidated joint ventures 4,149 128 11,157 20,083
Total pretax income $ 9,911 $ 4,625 $ 27,336 $ 31,742