v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2026
Nov. 30, 2025
Assets    
Inventories $ 5,732,557 $ 5,670,802
Total assets 6,775,462 6,680,252
Liabilities and stockholders’ equity    
Accrued expenses and other liabilities 704,401 731,946
Notes payable 1,968,714 1,692,977
Stockholders’ equity:    
Common stock — 63,653,246 and 74,477,254 shares issued at May 31, 2026 and November 30, 2025, respectively 63,653 74,477
Paid-in capital 840,401 863,718
Retained earnings 3,032,713 3,629,638
Accumulated other comprehensive loss (3,538) (3,538)
Treasury stock, at cost — 2,343,518 and 11,303,643 shares at May 31, 2026 and November 30, 2025, respectively (136,419) (663,437)
Total stockholders’ equity 3,796,810 3,900,858
Total liabilities and stockholders’ equity 6,775,462 6,680,252
Homebuilding    
Assets    
Cash and cash equivalents 199,819 228,614
Receivables 389,728 350,636
Inventories 5,732,557 5,670,802
Investments in unconsolidated joint ventures 78,766 72,436
Property and equipment, net 103,840 101,457
Deferred tax assets, net 88,665 88,665
Other assets 124,755 107,833
Total assets 6,718,130 6,620,443
Liabilities and stockholders’ equity    
Accounts payable 303,850 351,261
Accrued expenses and other liabilities 704,401 731,946
Notes payable 1,968,714 1,692,977
Total Homebuilding 2,976,965 2,776,184
Financial services    
Assets    
Cash and cash equivalents 941 1,829
Receivables 2,342 5,569
Investments in unconsolidated joint ventures 13,644 13,231
Other assets [1] 40,405 39,180
Total assets 57,332 59,809
Liabilities and stockholders’ equity    
Financial services $ 1,687 $ 3,210
[1] Other assets at May 31, 2026 and November 30, 2025 included $40.4 million and $39.1 million, respectively, of contract assets for estimated future renewal commissions.