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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2023
Nov. 30, 2022
Assets    
Inventories $ 5,133,646 $ 5,543,176
Property and equipment, net 88,309 89,234
Total assets 6,648,362 6,651,930
Liabilities and stockholders’ equity    
Accrued expenses and other liabilities 758,227 736,971
Notes payable 1,689,898 1,838,511
Stockholders’ equity:    
Preferred stock — $1.00 par value; 10,000,000 shares authorized; none issued 0 0
Common stock —$1.00 par value; 290,000,000 shares authorized at November 30, 2023 and 2022; 101,275,979 and 100,711,153 shares issued at November 30, 2023 and 2022 101,276 100,711
Paid-in capital 845,693 836,260
Retained earnings 3,676,924 3,143,578
Accumulated other comprehensive loss (3,671) (5,575)
Grantor stock ownership trust, at cost: 6,705,247 shares at November 30, 2023 and 2022 (72,718) (72,718)
Treasury stock, at cost: 18,703,704 and 10,015,507 shares at November 30, 2023 and 2022, respectively (737,364) (341,461)
Total stockholders’ equity 3,810,140 3,660,795
Total liabilities and stockholders’ equity 6,648,362 6,651,930
Homebuilding    
Assets    
Cash and cash equivalents 727,076 328,517
Receivables 366,862 322,767
Inventories 5,133,646 5,543,176
Investments in unconsolidated joint ventures 59,128 46,785
Property and equipment, net 88,309 89,234
Deferred tax assets, net 119,475 160,868
Other assets 96,987 101,051
Total assets 6,591,483 6,592,398
Liabilities and stockholders’ equity    
Accounts payable 388,452 412,525
Accrued expenses and other liabilities 758,227 736,971
Notes payable 1,689,898 1,838,511
Total Homebuilding 2,836,577 2,988,007
Financial service    
Assets    
Cash and cash equivalents 266 1,681
Receivables 2,783 3,475
Investments in unconsolidated joint ventures 19,354 26,678
Other assets [1] 34,476 27,698
Total assets 56,879 59,532
Liabilities and stockholders’ equity    
Financial services $ 1,645 $ 3,128
[1] Other assets at November 30, 2023 and 2022 included $34.4 million and $27.6 million, respectively, of contract assets for estimated future renewal commissions