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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Sep. 30, 2023
ASSETS    
Cash and cash equivalents $ 3,063.1 $ 3,873.6
Restricted cash 30.3 26.5
Total cash, cash equivalents and restricted cash 3,093.4 3,900.1
Inventories:    
Construction in progress and finished homes 9,708.5 9,001.4
Residential land and lots — developed and under development 11,889.9 10,621.9
Land held for development 155.2 50.0
Land held for sale 8.8 8.7
Rental properties 3,077.6 2,691.3
Total inventories 24,840.0 22,373.3
Mortgage loans held for sale 2,672.4 2,519.9
Deferred income taxes, net of valuation allowance of $14.7 million and $14.8 million at March 31, 2024 and September 30, 2023, respectively 166.5 187.2
Property and equipment, net 479.9 445.4
Other assets 2,982.5 2,993.0
Goodwill 163.5 163.5
Total assets 34,398.2 32,582.4
LIABILITIES    
Accounts payable 1,386.5 1,246.2
Accrued expenses and other liabilities 2,777.4 3,103.8
Notes payable 5,937.9 5,094.5
Total liabilities 10,101.8 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, 402,624,949 shares issued and 330,196,301 shares outstanding at March 31, 2024 and 401,202,253 shares issued and 334,848,565 shares outstanding at September 30, 2023 4.0 4.0
Additional paid-in capital 3,431.6 3,432.2
Retained earnings 25,510.2 23,589.8
Treasury stock, 72,428,648 shares and 66,353,688 shares at March 31, 2024 and September 30, 2023, respectively, at cost (5,130.3) (4,329.8)
Stockholders’ equity 23,815.5 22,696.2
Noncontrolling interests 480.9 441.7
Total equity 24,296.4 23,137.9
Total liabilities and equity $ 34,398.2 $ 32,582.4