Supplemental Guarantor Information (Tables)

12 Months Ended

Nov. 30, 2011

Supplemental Guarantor Information [Abstract]

Condensed Consolidated Statements of Operations

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(In Thousands)

	Year Ended November 30, 2011
	KB Home Corporate			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments		Total
Revenues	$	—		$	745,965		$	569,901		$	—	$	1,315,866
Homebuilding:
Revenues	$	—		$	745,965		$	559,597		$	—	$	1,305,562
Construction and land costs		—			(638,802	)		(491,183	)		—		(1,129,985	)
Selling, general and administrative expenses		(52,784	)		(93,288	)		(101,814	)		—		(247,886	)
Loss on loan guaranty		—			(30,765	)		—			—		(30,765	)
Operating loss		(52,784	)		(16,890	)		(33,400	)		—		(103,074	)
Interest income		715			36			120			—		871
Interest expense		51,957			(69,309	)		(31,852	)		—		(49,204	)
Equity in loss of unconsolidated joint ventures		—			(55,831	)		(8	)		—		(55,839	)
Homebuilding pretax loss		(112	)		(141,994	)		(65,140	)		—		(207,246	)
Financial services pretax income		—			—			26,078			—		26,078
Total pretax loss		(112	)		(141,994	)		(39,062	)		—		(181,168	)
Income tax benefit		—			1,900			500			—		2,400
Equity in net loss of subsidiaries		(178,656	)		—			—			178,656		—
Net loss	$	(178,768	)	$	(140,094	)	$	(38,562	)	$	178,656	$	(178,768	)
	Year Ended November 30, 2010
	KB Home Corporate			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments		Total
Revenues	$	—		$	429,917		$	1,160,079		$	—	$	1,589,996
Homebuilding:
Revenues	$	—		$	429,917		$	1,151,846		$	—	$	1,581,763
Construction and land costs		—			(360,450	)		(947,838	)		—		(1,308,288	)
Selling, general and administrative expenses		(68,149	)		(48,233	)		(173,138	)		—		(289,520	)
Operating income (loss)		(68,149	)		21,234			30,870			—		(16,045	)
Interest income		1,770			30			298			—		2,098
Interest expense		20,353			(41,686	)		(46,974	)		—		(68,307	)
Equity in loss of unconsolidated joint ventures		—			(186	)		(6,071	)		—		(6,257	)
Homebuilding pretax loss		(46,026	)		(20,608	)		(21,877	)		—		(88,511	)
Financial services pretax income		—			—			12,143			—		12,143
Total pretax loss		(46,026	)		(20,608	)		(9,734	)		—		(76,368	)
Income tax benefit		4,200			1,900			900			—		7,000
Equity in net loss of subsidiaries		(27,542	)		—			—			27,542		—
Net loss	$	(69,368	)	$	(18,708	)	$	(8,834	)	$	27,542	$	(69,368	)
	Year Ended November 30, 2009
	KB Home Corporate			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments		Total
Revenues	$	—		$	1,608,533		$	216,317		$	—	$	1,824,850
Homebuilding:
Revenues	$	—		$	1,608,533		$	207,882		$	—	$	1,816,415
Construction and land costs		—			(1,548,678	)		(201,233	)		—		(1,749,911	)
Selling, general and administrative expenses		(71,181	)		(198,964	)		(32,879	)		—		(303,024	)
Operating loss		(71,181	)		(139,109	)		(26,230	)		—		(236,520	)
Interest income		5,965			887			663			—		7,515
Interest expense		31,442			(74,946	)		(8,259	)		—		(51,763	)
Equity in loss of unconsolidated joint ventures		—			(22,840	)		(26,775	)		—		(49,615	)
Homebuilding pretax loss		(33,774	)		(236,008	)		(60,601	)		—		(330,383	)
Financial services pretax income		—			—			19,199			—		19,199
Total pretax loss		(33,774	)		(236,008	)		(41,402	)		—		(311,184	)
Income tax benefit		22,700			158,800			27,900			—		209,400
Equity in net loss of subsidiaries		(90,710	)		—			—			90,710		—
Net loss	$	(101,784	)	$	(77,208	)	$	(13,502	)	$	90,710	$	(101,784	)

Condensed Consolidated Balance Sheets

CONDENSED CONSOLIDATING BALANCE SHEETS

(In Thousands)

	November 30, 2011
	KB Home Corporate			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets
Homebuilding:
Cash and cash equivalents	$	340,957		$	32,876	$	41,217	$	—		$	415,050
Restricted cash		64,475			6		—		—			64,481
Receivables		801			29,250		36,128		—			66,179
Inventories		—			1,256,468		475,161		—			1,731,629
Investments in unconsolidated joint ventures		—			113,921		14,005		—			127,926
Other assets		67,059			730		7,315		—			75,104
		473,292			1,433,251		573,826		—			2,480,369
Financial services		—			—		32,173		—			32,173
Investments in subsidiaries		34,235			—		—		(34,235	)		—
Total assets	$	507,527		$	1,433,251	$	605,999	$	(34,235	)	$	2,512,542
Liabilities and stockholders’ equity
Homebuilding:
Accounts payable, accrued expenses and other liabilities	$	121,572		$	181,835	$	175,413	$	—		$	478,820
Mortgages and notes payable		1,533,477			45,925		4,169		—			1,583,571
		1,655,049			227,760		179,582		—			2,062,391
Financial services		—			—		7,494		—			7,494
Intercompany		(1,590,179	)		1,205,491		384,688		—			—
Stockholders’ equity		442,657			—		34,235		(34,235	)		442,657
Total liabilities and stockholders’ equity	$	507,527		$	1,433,251	$	605,999	$	(34,235	)	$	2,512,542
	November 30, 2010
	KB Home Corporate			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets
Homebuilding:
Cash and cash equivalents	$	770,603		$	3,619	$	130,179	$	—		$	904,401
Restricted cash		88,714			—		26,763		—			115,477
Receivables		4,205			6,271		97,572		—			108,048
Inventories		—			774,102		922,619		—			1,696,721
Investments in unconsolidated joint ventures		—			37,007		68,576		—			105,583
Other assets		68,166			72,805		9,105		—			150,076
		931,688			893,804		1,254,814		—			3,080,306
Financial services		—			—		29,443		—			29,443
Investments in subsidiaries		36,279			—		—		(36,279	)		—
Total assets	$	967,967		$	893,804	$	1,284,257	$	(36,279	)	$	3,109,749
Liabilities and stockholders’ equity
Homebuilding:
Accounts payable, accrued expenses and other liabilities	$	124,609		$	150,260	$	424,853	$	—		$	699,722
Mortgages and notes payable		1,632,362			112,368		30,799		—			1,775,529
		1,756,971			262,628		455,652		—			2,475,251
Financial services		—			—		2,620		—			2,620
Intercompany		(1,420,882	)		631,176		789,706		—			—
Stockholders’ equity		631,878			—		36,279		(36,279	)		631,878
Total liabilities and stockholders’ equity	$	967,967		$	893,804	$	1,284,257	$	(36,279	)	$	3,109,749

Condensed Consolidated Statements of Cash Flows

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(In Thousands)

	Year Ended November 30, 2011
	KB Home Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Cash flows from operating activities:
Net loss	$	(178,768	)	$	(140,094	)	$	(38,562	)	$	178,656		$	(178,768	)
Adjustments to reconcile net loss to net cash used by operating activities:
Equity in (income) loss/gain on wind down of unconsolidated joint ventures		—			55,831			(19,278	)		—			36,553
Loss on loan guaranty		—			30,765			—			—			30,765
Gain on sale of operating property		—			(8,825	)		—			—			(8,825	)
Inventory impairments and land option contract abandonments		—			21,511			4,280			—			25,791
Changes in assets and liabilities:
Receivables		3,404			(9,726	)		4,102			—			(2,220	)
Inventories		—			(40,973	)		28,628			—			(12,345	)
Accounts payable, accrued expenses and other liabilities		(3,035	)		(247,292	)		(3,220	)		—			(253,547	)
Other, net		9,186			4,277			1,588			—			15,051
Net cash used by operating activities		(169,213	)		(334,526	)		(22,462	)		178,656			(347,545	)
Cash flows from investing activities:
Investments in unconsolidated joint ventures		—			(77,090	)		9,830			—			(67,260	)
Proceeds from sale of operating property		—			80,600			—			—			80,600
Sales (purchases) of property and equipment, net		(200	)		(202	)		160			—			(242	)
Net cash provided (used) by investing activities		(200	)		3,308			9,990			—			13,098
Cash flows from financing activities:
Change in restricted cash		24,239			26,757			—			—			50,996
Repayment of senior subordinated notes		(100,000	)		—			—			—			(100,000	)
Payments on mortgages and land contracts due to land sellers and other loans		3,397			(87,941	)		(4,917	)		—			(89,461	)
Issuance of common stock under employee stock plans		1,796			—			—			—			1,796
Payments of cash dividends		(19,240	)		—			—			—			(19,240	)
Intercompany		(170,425	)		411,309			(62,228	)		(178,656	)		—
Net cash provided (used) by financing activities		(260,233	)		350,125			(67,145	)		(178,656	)		(155,909	)
Net increase (decrease) in cash and cash equivalents		(429,646	)		18,907			(79,617	)		—			(490,356	)
Cash and cash equivalents at beginning of year		770,603			13,969			123,858			—			908,430
Cash and cash equivalents at end of year	$	340,957		$	32,876		$	44,241		$	—		$	418,074

	Year Ended November 30, 2010
	KB Home Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Cash flows from operating activities:
Net loss	$	(69,368	)	$	(18,708	)	$	(8,834	)	$	27,542		$	(69,368	)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:
Equity in (income) loss of unconsolidated joint ventures		—			186			(958	)		—			(772	)
Inventory impairments and land option contract abandonments		—			1,980			17,945			—			19,925
Changes in assets and liabilities:
Receivables		187,542			3,557			20,219			—			211,318
Inventories		—			(99,216	)		(30,118	)		—			(129,334	)
Accounts payable, accrued expenses and other liabilities		(16,973	)		(65,878	)		(116,354	)		—			(199,205	)
Other, net		(8,461	)		1,608			40,325			—			33,472
Net cash provided (used) by operating activities		92,740			(176,471	)		(77,775	)		27,542			(133,964	)
Cash flows from investing activities:
Investments in unconsolidated joint ventures		—			(517	)		(15,152	)		—			(15,669	)
Purchases of property and equipment, net		(229	)		(70	)		(121	)		—			(420	)
Net cash used by investing activities		(229	)		(587	)		(15,273	)		—			(16,089	)
Cash flows from financing activities:
Change in restricted cash		25,578			—			(26,763	)		—			(1,185	)
Payments on mortgages and land contracts due to land sellers and other loans		—			(81,041	)		(20,113	)		—			(101,154	)
Issuance of common stock under employee stock plans		1,851			—			—			—			1,851
Excess tax benefit associated with exercise of stock options		583			—			—			—			583
Payments of cash dividends		(19,223	)		—			—			—			(19,223	)
Repurchases of common stock		(350	)		—			—			—			(350	)
Intercompany		(325,469	)		217,240			135,771			(27,542	)		—
Net cash provided (used) by financing activities		(317,030	)		136,199			88,895			(27,542	)		(119,478	)
Net decrease in cash and cash equivalents		(224,519	)		(40,859	)		(4,153	)		—			(269,531	)
Cash and cash equivalents at beginning of year		995,122			44,478			138,361			—			1,177,961
Cash and cash equivalents at end of year	$	770,603		$	3,619		$	134,208		$	—		$	908,430

	Year Ended November 30, 2009
	KB Home Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Cash flows from operating activities:
Net loss	$	(101,784	)	$	(77,208	)	$	(13,502	)	$	90,710		$	(101,784	)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:
Equity in loss of unconsolidated joint ventures		—			22,840			12,760			—			35,600
Inventory impairments and land option contract abandonments		—			153,294			14,855			—			168,149
Changes in assets and liabilities:
Receivables		26,853			33,210			(24,396	)		—			35,667
Inventories		—			216,554			216,521			—			433,075
Accounts payable, accrued expenses and other liabilities		(47,284	)		(83,316	)		(122,020	)		—			(252,620	)
Other, net		22,313			1,571			7,941			—			31,825
Net cash provided (used) by operating activities		(99,902	)		266,945			92,159			90,710			349,912
Cash flows from investing activities:
Investments in unconsolidated joint ventures		—			(14,517	)		(5,405	)		—			(19,922	)
Sales (purchases) of property and equipment, net		(142	)		(1,497	)		264			—			(1,375	)
Net cash used by investing activities		(142	)		(16,014	)		(5,141	)		—			(21,297	)
Cash flows from financing activities:
Change in restricted cash		1,112			—			—			—			1,112
Proceeds from issuance of senior notes		259,737			—			—			—			259,737
Payment of senior notes issuance costs		(4,294	)		—			—			—			(4,294	)
Repayment of senior and senior subordinated notes		(453,105	)		—			—			—			(453,105	)
Payments on mortgages and land contracts due to land sellers and other loans		—			(78,983	)		—			—			(78,983	)
Issuance of common stock under employee stock plans		3,074			—			—			—			3,074
Payments of cash dividends		(19,097	)		—			—			—			(19,097	)
Repurchases of common stock		(616	)		—			—			—			(616	)
Intercompany		321,298			(140,046	)		(90,542	)		(90,710	)		—
Net cash provided (used) by financing activities		108,109			(219,029	)		(90,542	)		(90,710	)		(292,172	)
Net increase (decrease) in cash and cash equivalents		8,065			31,902			(3,524	)		—			36,443
Cash and cash equivalents at beginning of year		987,057			25,067			129,394			—			1,141,518
Cash and cash equivalents at end of year	$	995,122		$	56,969		$	125,870		$	—		$	1,177,961