v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 31, 2026
Nov. 30, 2025
Assets    
Inventories $ 5,981,182 $ 5,670,802
Total assets 6,969,152 6,680,252
Liabilities and stockholders’ equity    
Accrued expenses and other liabilities 736,954 731,946
Notes payable 2,109,145 1,692,977
Stockholders’ equity:    
Common stock — 63,969,624 and 74,477,254 shares issued at August 31, 2026 and November 30, 2025, respectively 63,970 74,477
Paid-in capital 843,573 863,718
Retained earnings 3,082,822 3,629,638
Accumulated other comprehensive loss (3,538) (3,538)
Treasury stock, at cost — 3,206,888 and 11,303,643 shares at August 31, 2026 and November 30, 2025, respectively (185,318) (663,437)
Total stockholders’ equity 3,801,509 3,900,858
Total liabilities and stockholders’ equity 6,969,152 6,680,252
Homebuilding    
Assets    
Cash and cash equivalents 159,018 228,614
Receivables 397,791 350,636
Inventories 5,981,182 5,670,802
Investments in unconsolidated joint ventures 74,763 72,436
Property and equipment, net 102,880 101,457
Deferred tax assets, net 88,665 88,665
Other assets 106,431 107,833
Total assets 6,910,730 6,620,443
Liabilities and stockholders’ equity    
Accounts payable 319,520 351,261
Accrued expenses and other liabilities 736,954 731,946
Notes payable 2,109,145 1,692,977
Total Homebuilding 3,165,619 2,776,184
Financial services    
Assets    
Cash and cash equivalents 1,040 1,829
Receivables 2,476 5,569
Investments in unconsolidated joint ventures 14,738 13,231
Other assets 40,168 39,180
Total assets 58,422 59,809
Liabilities and stockholders’ equity    
Financial services $ 2,024 $ 3,210