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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Dec. 31, 2023
Sep. 30, 2023
ASSETS    
Cash and cash equivalents $ 3,323.4 $ 3,873.6
Restricted cash 21.2 26.5
Total cash, cash equivalents and restricted cash 3,344.6 3,900.1
Inventories:    
Construction in progress and finished homes 9,467.7 9,001.4
Residential land and lots — developed and under development 11,497.1 10,621.9
Land held for development 134.5 50.0
Land held for sale 3.5 8.7
Rental properties 2,947.5 2,691.3
Total inventories 24,050.3 22,373.3
Mortgage loans held for sale 2,044.1 2,519.9
Deferred income taxes, net of valuation allowance of $14.8 million at December 31, 2023 and September 30, 2023 175.9 187.2
Property and equipment, net 475.5 445.4
Other assets 3,127.7 2,993.0
Goodwill 163.5 163.5
Total assets 33,381.6 32,582.4
LIABILITIES    
Accounts payable 1,260.3 1,246.2
Accrued expenses and other liabilities 3,227.4 3,103.8
Notes payable 5,290.4 5,094.5
Total liabilities 9,778.1 9,444.5
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, 401,869,172 shares issued and 332,190,334 shares outstanding at December 31, 2023 and 401,202,253 shares issued and 334,848,565 shares outstanding at September 30, 2023 4.0 4.0
Additional paid-in capital 3,440.2 3,432.2
Retained earnings 24,437.3 23,589.8
Treasury stock, 69,678,838 shares and 66,353,688 shares at December 31, 2023 and September 30, 2023, respectively, at cost (4,728.1) (4,329.8)
Stockholders’ equity 23,153.4 22,696.2
Noncontrolling interests 450.1 441.7
Total equity 23,603.5 23,137.9
Total liabilities and equity $ 33,381.6 $ 32,582.4