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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Nov. 30, 2014
Nov. 30, 2013
ASSETS    
Cash and cash equivalents $ 1,281,814us-gaap_CashAndCashEquivalentsAtCarryingValue $ 970,505us-gaap_CashAndCashEquivalentsAtCarryingValue
Inventories:    
Total assets 12,958,267us-gaap_Assets [1] 11,273,247us-gaap_Assets [1]
LIABILITIES AND EQUITY    
Total liabilities 7,706,965us-gaap_Liabilities [2] 6,645,777us-gaap_Liabilities [2]
Stockholders' Equity Attributable to Parent [Abstract]    
Preferred stock 0us-gaap_PreferredStockValue [2] 0us-gaap_PreferredStockValue [2]
Additional paid-in capital 2,239,704us-gaap_AdditionalPaidInCapitalCommonStock [2] 2,721,246us-gaap_AdditionalPaidInCapitalCommonStock [2]
Retained earnings 2,660,034us-gaap_RetainedEarningsAccumulatedDeficit [2] 2,053,893us-gaap_RetainedEarningsAccumulatedDeficit [2]
Treasury stock, at cost; 2014 -505,420 shares of Class A common stock and 1,679,620 shares of Class B common stock; 2013 - 12,063,466 shares of Class A common stock and 1,679,620 shares of Class B common stock (93,440)us-gaap_TreasuryStockValue [2] (628,019)us-gaap_TreasuryStockValue [2]
Total stockholders’ equity 4,827,020us-gaap_StockholdersEquity [2] 4,168,901us-gaap_StockholdersEquity [2]
Noncontrolling interests 424,282us-gaap_MinorityInterest [2] 458,569us-gaap_MinorityInterest [2]
Total equity 5,251,302us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest [2] 4,627,470us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest [2]
Total liabilities and equity 12,958,267us-gaap_LiabilitiesAndStockholdersEquity [2] 11,273,247us-gaap_LiabilitiesAndStockholdersEquity [2]
Lennar Homebuilding [Member]    
ASSETS    
Cash and cash equivalents 885,729us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 695,424us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Restricted cash 9,849us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 36,150us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Receivables, net 93,444us-gaap_AccountsReceivableNet
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 51,935us-gaap_AccountsReceivableNet
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Inventories:    
Finished homes and construction in progress 3,082,345us-gaap_InventoryHomesUnderConstruction
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 2,269,116us-gaap_InventoryHomesUnderConstruction
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Land and land under development 4,601,802us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 3,871,773us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Consolidated inventory not owned 52,453us-gaap_LandUnderPurchaseOptionsRecorded
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 460,159us-gaap_LandUnderPurchaseOptionsRecorded
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Total inventories 7,736,600us-gaap_InventoryRealEstate
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 6,601,048us-gaap_InventoryRealEstate
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Investments in unconsolidated entities 656,837us-gaap_EquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 716,949us-gaap_EquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Other assets 672,589us-gaap_OtherAssets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 748,629us-gaap_OtherAssets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Total assets 10,055,048us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 8,850,135us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
LIABILITIES AND EQUITY    
Accounts payable 412,558us-gaap_AccountsPayableCurrentAndNoncurrent
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2] 271,365us-gaap_AccountsPayableCurrentAndNoncurrent
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2]
Liabilities related to consolidated inventory not owned 45,028len_LiabilitiesRelatedToInventoryRealEstateNotOwned
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2] 384,876len_LiabilitiesRelatedToInventoryRealEstateNotOwned
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2]
Senior notes and other debts payable 4,690,213us-gaap_NotesPayable
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2] 4,194,432us-gaap_NotesPayable
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2]
Other liabilities 863,236us-gaap_OtherLiabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2] 712,931us-gaap_OtherLiabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2]
Total liabilities 6,011,035us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2] 5,563,604us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2]
Rialto Investments [Member]    
ASSETS    
Cash and cash equivalents 303,889us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1] 201,496us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1]
Restricted cash 46,975us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1] 2,593us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1]
Receivables, net 153,773us-gaap_AccountsReceivableNet
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1],[3] 111,833us-gaap_AccountsReceivableNet
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1],[3]
Inventories:    
Loans receivable, net 130,105len_NotesLoansAndFinancingReceivableNet
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1] 278,392len_NotesLoansAndFinancingReceivableNet
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1]
Loans held-for-sale 113,596us-gaap_LoansHeldForSaleMortgages
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1],[4] 44,228us-gaap_LoansHeldForSaleMortgages
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1],[4]
Real estate owned - held-for-sale 190,535us-gaap_RealEstateHeldforsale
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1] 197,851us-gaap_RealEstateHeldforsale
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1]
Real estate owned - held-and-used, net 255,795len_RealEstateHeldAndUsed
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1] 428,989len_RealEstateHeldAndUsed
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1]
Investments in unconsolidated entities 175,700us-gaap_EquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1] 154,573us-gaap_EquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1]
Other assets 87,784us-gaap_OtherAssets
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1] 59,358us-gaap_OtherAssets
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1]
Total assets 1,458,152us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1] 1,479,313us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1]
LIABILITIES AND EQUITY    
Senior notes and other debts payable 623,246us-gaap_NotesPayable
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[5] 441,883us-gaap_NotesPayable
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[5]
Other liabilities 123,798us-gaap_OtherLiabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
55,125us-gaap_OtherLiabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
Total liabilities 747,044us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[2] 497,008us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[2]
Lennar Financial Services [Member]    
ASSETS    
Cash and cash equivalents 90,010us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
73,066us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
Restricted cash 8,609us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
10,283us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
Receivables, net 150,858us-gaap_AccountsReceivableNet
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[6] 127,223us-gaap_AccountsReceivableNet
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[6]
Inventories:    
Loans held-for-sale 738,396us-gaap_LoansHeldForSaleMortgages
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[7] 414,231us-gaap_LoansHeldForSaleMortgages
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[7]
Other assets 78,394us-gaap_OtherAssets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[8] 49,161us-gaap_OtherAssets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[8]
Total assets 1,177,053us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[1] 796,710us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[1]
LIABILITIES AND EQUITY    
Other liabilities 192,500us-gaap_OtherLiabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[9] 169,473us-gaap_OtherLiabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[9]
Total liabilities 896,643us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[2] 543,639us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[2]
Lennar Multifamily [Member]    
ASSETS    
Cash and cash equivalents 2,186us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
519us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
Inventories:    
Land and land under development 120,666us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
88,260us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
Consolidated inventory not owned 5,508us-gaap_LandUnderPurchaseOptionsRecorded
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
10,500us-gaap_LandUnderPurchaseOptionsRecorded
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
Investments in unconsolidated entities 105,674us-gaap_EquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
46,301us-gaap_EquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
Other assets 18,240us-gaap_OtherAssets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
1,509us-gaap_OtherAssets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
Total assets 268,014us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
[1] 147,089us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
[1]
LIABILITIES AND EQUITY    
Accounts payable 48,235us-gaap_AccountsPayableCurrentAndNoncurrent
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
17,518us-gaap_AccountsPayableCurrentAndNoncurrent
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
Liabilities related to consolidated inventory not owned 4,008len_LiabilitiesRelatedToInventoryRealEstateNotOwned
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
10,150len_LiabilitiesRelatedToInventoryRealEstateNotOwned
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
Senior notes and other debts payable 0us-gaap_NotesPayable
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
13,858us-gaap_NotesPayable
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
Total liabilities 52,243us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
[2] 41,526us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
[2]
Class A Common Stock [Member]    
Stockholders' Equity Attributable to Parent [Abstract]    
Common stock 17,424us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
[2] 18,483us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
[2]
Total equity 17,424us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
18,483us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Class B Common Stock [Member]    
Stockholders' Equity Attributable to Parent [Abstract]    
Common stock 3,298us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
[2] 3,298us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
[2]
Total equity $ 3,298us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 3,298us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
[1] Under certain provisions of Accounting Standards Codification (“ASC”) Topic 810, Consolidations, (“ASC 810”) the Company is required to separately disclose on its consolidated balance sheets the assets of consolidated variable interest entities (“VIEs”) that are owned by the consolidated VIEs and liabilities of consolidated VIEs as to which there is no recourse against the Company.As of November 30, 2014, total assets include $929.1 million related to consolidated VIEs of which $11.7 million is included in Lennar Homebuilding cash and cash equivalents, $0.3 million in restricted cash, $0.2 million in Lennar Homebuilding receivables, net, $0.2 million in Lennar Homebuilding finished homes and construction in progress, $208.2 million in Lennar Homebuilding land and land under development, $52.5 million in Lennar Homebuilding consolidated inventory not owned, $23.9 million in Lennar Homebuilding investments in unconsolidated entities, $104.6 million in Lennar Homebuilding other assets, $75.8 million in Rialto cash and cash equivalents, $128.9 million in Rialto loans receivable, net, $128.2 million in Rialto real estate owned held-for-sale, $172.7 million in Rialto real estate owned held-and-used, net, $0.7 million in Rialto investments in unconsolidated entities, $2.1 million in Rialto other assets and $19.2 million in Lennar Multifamily assets.As of November 30, 2013, total assets include $1,195.3 million related to consolidated VIEs of which $8.3 million is included in Lennar Homebuilding cash and cash equivalents, $17.7 million in restricted cash, $2.4 million in Lennar Homebuilding receivables, net, $94.8 million in Lennar Homebuilding land and land under development, $243.6 million in Lennar Homebuilding consolidated inventory not owned, $14.7 million in Lennar Homebuilding investments in unconsolidated entities, $86.8 million in Lennar Homebuilding other assets, $44.8 million in Rialto cash and cash equivalents, $244.0 million in Rialto loans receivable, net, $122.0 million in Rialto real estate owned held-for-sale, $313.8 million in Rialto real estate owned held-and-used, net, $0.7 million in Rialto investments in unconsolidated entities and $1.8 million in Rialto other assets.
[2] As of November 30, 2014, total liabilities include $149.8 million related to consolidated VIEs as to which there was no recourse against the Company, of which $6.8 million is included in Lennar Homebuilding accounts payable, $45.0 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $61.6 million in Lennar Homebuilding senior notes and other debts payable, $14.8 million in Lennar Homebuilding other liabilities and $21.5 million in Rialto liabilities.As of November 30, 2013, total liabilities include $294.8 million related to consolidated VIEs as to which there was no recourse against the Company, of which $3.0 million is included in Lennar Homebuilding accounts payable, $191.6 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $75.1 million in Lennar Homebuilding senior notes and other debts payable, $4.9 million in Lennar Homebuilding other liabilities and $20.2 million in Rialto liabilities.
[3] Receivables, net primarily related to loans sold but not settled as of November 30, 2014 and 2013.
[4] Loans held-for-sale related to unsold loans originated by RMF carried at fair value.
[5] Notes and other debts payable included $351.9 million and $250.0 million related to the 7.00% Senior Notes due 2018 ("7.00% Senior Notes") as of November 30, 2014 and 2013, respectively, $141.3 million and $76.0 million related to the RMF warehouse repurchase financing agreements as of November 30, 2014 and 2013, respectively, and $58.0 million related to notes issued through a structured note offering as of November 30, 2014.
[6] Receivables, net, primarily related to loans sold to investors for which the Company had not yet been paid as of November 30, 2014 and 2013, respectively.
[7] Loans held-for-sale related to unsold loans carried at fair value.
[8] Other assets included mortgage loan commitments carried at fair value of $12.7 million and $7.3 million as of November 30, 2014 and 2013, respectively. Other assets also included forward contracts carried at fair value of $1.4 million as of November 30, 2013. In addition, other assets included mortgage servicing rights carried at fair value of $17.4 million and $11.5 million as of November 30, 2014 and 2013, respectively, and other investment securities of $16.8 million as of November 30, 2014.
[9] Other liabilities included $69.3 million and $74.5 million as of November 30, 2014 and 2013, respectively, of certain of the Company’s self-insurance reserves related to construction defects, general liability and workers’ compensation. Other liabilities also included forward contracts carried at fair value of $7.6 million as of November 30, 2014.