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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2023
Nov. 30, 2022
Assets    
Inventories $ 5,185,875 $ 5,543,176
Total assets 6,576,986 6,651,930
Liabilities and stockholders’ equity    
Accrued expenses and other liabilities 665,499 736,971
Notes payable 1,689,958 1,838,511
Stockholders’ equity:    
Common stock — 101,259,329 and 100,711,153 shares issued at August 31, 2023 and November 30, 2022, respectively 101,259 100,711
Paid-in capital 843,371 836,260
Retained earnings 3,541,818 3,143,578
Accumulated other comprehensive loss (5,575) (5,575)
Grantor stock ownership trust, at cost: 6,705,247 shares at August 31, 2023 and November 30, 2022 (72,718) (72,718)
Treasury stock, at cost: 15,235,409 and 10,015,507 at August 31, 2023 and November 30, 2022, respectively (578,027) (341,461)
Total stockholders’ equity 3,830,128 3,660,795
Total liabilities and stockholders’ equity 6,576,986 6,651,930
Homebuilding    
Assets    
Cash and cash equivalents 612,076 328,517
Receivables 324,953 322,767
Inventories 5,185,875 5,543,176
Investments in unconsolidated joint ventures 56,390 46,785
Property and equipment, net 88,669 89,234
Deferred tax assets, net 145,968 160,868
Other assets 102,520 101,051
Total assets 6,516,451 6,592,398
Liabilities and stockholders’ equity    
Accounts payable 389,918 412,525
Accrued expenses and other liabilities 665,499 736,971
Notes payable 1,689,958 1,838,511
Total Homebuilding 2,745,375 2,988,007
Financial services    
Assets    
Cash and cash equivalents 321 1,681
Receivables 2,870 3,475
Investments in unconsolidated joint ventures 25,814 26,678
Other assets [1] 31,530 27,698
Total assets 60,535 59,532
Liabilities and stockholders’ equity    
Financial services $ 1,483 $ 3,128
[1] Other assets at August 31, 2023 and November 30, 2022 included $31.4 million and $27.6 million, respectively, of contract assets for estimated future renewal commissions.