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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2015
Nov. 30, 2014
ASSETS    
Cash and cash equivalents $ 1,158,445 $ 1,281,814
Inventories:    
Total assets [1] 14,419,509 12,923,151
LIABILITIES AND EQUITY    
Total liabilities [2] 8,469,437 7,671,849
Stockholders' Equity Attributable to Parent [Abstract]    
Preferred stock [2] 0 0
Additional paid-in capital [2] 2,305,560 2,239,574
Retained earnings [2] 3,429,736 2,660,034
Treasury stock, at cost; 20105 - 815,959 shares of Class A common stock and 1,679,620 shares of Class B common stock; 2014 - 505,420 shares of Class A common stock and 1,679,620 shares of Class B common stock [2] (107,755) (93,440)
Accumulated Other Comprehensive Income (Loss), Net of Tax [2] 39 130
Total stockholders’ equity [2] 5,648,944 4,827,020
Noncontrolling interests [2] 301,128 424,282
Total equity [2] 5,950,072 5,251,302
Total liabilities and equity [2] 14,419,509 12,923,151
Lennar Homebuilding [Member]    
ASSETS    
Cash and cash equivalents [1] 893,408 885,729
Restricted cash [1] 13,505 9,849
Receivables, net [1] 74,538 93,444
Inventories:    
Finished homes and construction in progress [1] 3,957,167 3,082,345
Land and land under development [1] 4,724,578 4,601,802
Consolidated inventory not owned [1] 58,851 52,453
Total inventories [1] 8,740,596 7,736,600
Investments in unconsolidated entities [1] 741,551 656,837
Other assets [1] 609,222 643,642
Total assets [1] 11,072,820 10,026,101
LIABILITIES AND EQUITY    
Accounts payable [2] 475,909 412,558
Liabilities related to consolidated inventory not owned [2] 51,431 45,028
Senior notes and other debts payable [2] 5,025,130 4,661,266
Other liabilities [2] 899,815 863,236
Total liabilities [2] 6,452,285 5,982,088
Rialto [Member]    
ASSETS    
Cash and cash equivalents 150,219 303,889
Restricted cash 15,061 [1] 46,975
Receivables, net [1] 154,948 153,773
Inventories:    
Investments in unconsolidated entities 224,869 175,700
Total assets [1] 1,505,500 1,451,983
LIABILITIES AND EQUITY    
Senior notes and other debts payable 771,728 617,077
Other liabilities 94,496 123,798
Total liabilities [2] 866,224 740,875
Lennar Financial Services [Member]    
ASSETS    
Cash and cash equivalents 106,777 90,010
Restricted cash 13,961 8,609
Receivables, net 242,808 150,858
Inventories:    
Other assets 66,186 61,595
Total assets [1] 1,425,837 1,177,053
LIABILITIES AND EQUITY    
Other liabilities 225,678 192,500
Total liabilities [2] 1,083,978 896,643
Lennar Multifamily [Member]    
ASSETS    
Cash and cash equivalents 8,041 2,186
Inventories:    
Land and land under development 115,982 120,666
Consolidated inventory not owned 5,508 5,508
Investments in unconsolidated entities 250,876 105,674
Other assets 34,324 18,240
Total assets [1] 415,352 268,014
LIABILITIES AND EQUITY    
Accounts payable 62,943 48,235
Liabilities related to consolidated inventory not owned 4,007 4,008
Total liabilities [2] 66,950 52,243
Class A Common Stock [Member]    
Stockholders' Equity Attributable to Parent [Abstract]    
Common stock [2] 18,066 17,424
Total equity 18,066 17,424
Class B Common Stock [Member]    
Stockholders' Equity Attributable to Parent [Abstract]    
Common stock [2] 3,298 3,298
Total equity $ 3,298 $ 3,298
[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, 2015, total assets include $652.3 million related to consolidated VIEs of which $9.6 million is included in Lennar Homebuilding cash and cash equivalents, $0.5 million in Lennar Homebuilding receivables, net, $3.9 million in Lennar Homebuilding finished homes and construction in progress, $154.2 million in Lennar Homebuilding land and land under development, $58.9 million in Lennar Homebuilding consolidated inventory not owned, $35.8 million in Lennar Homebuilding investments in unconsolidated entities, $22.7 million in Lennar Homebuilding other assets, $355.2 million in Rialto assets and $11.5 million in Lennar Multifamily assets.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, $508.4 million in Rialto assets and $19.2 million in Lennar Multifamily assets.
[2] As of November 30, 2015, total liabilities include $84.4 million related to consolidated VIEs as to which there was no recourse against the Company, of which $2.0 million is included in Lennar Homebuilding accounts payable, $51.4 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $15.6 million in Lennar Homebuilding other liabilities, $11.3 million in Rialto liabilities and $4.0 million in Lennar Multifamily liabilities.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.