XML 19 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Nov. 30, 2015
Aug. 31, 2015
May. 31, 2015
Feb. 28, 2015
Nov. 30, 2014
Aug. 31, 2014
May. 31, 2014
Feb. 28, 2014
Nov. 30, 2015
Nov. 30, 2014
Nov. 30, 2013
Revenues:                      
Total revenues $ 2,945,567 $ 2,491,698 $ 2,392,604 $ 1,644,139 $ 2,583,938 $ 2,014,034 $ 1,818,745 $ 1,363,095 $ 9,474,008 $ 7,779,812 $ 5,935,095
Cost and expenses:                      
Corporate general and administrative expenses                 216,244 177,161 146,060
Total costs and expenses                 8,387,992 6,857,774 5,249,259
Equity in earnings (loss) from unconsolidated entities                 105,184 73,376 45,885
Earnings before income taxes 432,505 320,658 279,810 176,643 377,943 262,335 203,630 125,876 1,209,616 969,784 681,941
Provision for income taxes                 (390,416) (341,091) (177,015)
Net earnings (including net earnings (loss) attributable to noncontrolling interests)                 819,200 628,693 504,926
Less: Net earnings (loss) attributable to noncontrolling interests                 16,306 (10,223) 25,252
Net earnings attributable to Lennar $ 281,603 $ 223,312 $ 183,016 $ 114,963 $ 245,323 $ 177,757 $ 137,719 $ 78,117 802,894 638,916 479,674
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax                 (65) 130 0
Reclassification adjustments for (gain) loss included in net earnings, net of tax                 (26) 0 0
Comprehensive income (loss), net of tax, attributable to parent                 802,803 639,046 479,674
Comprehensive income (loss), net of tax, attributable to noncontrolling interest                 $ 16,306 $ (10,223) $ 25,252
Basic earnings per share $ 1.34 $ 1.07 $ 0.89 $ 0.56 $ 1.20 $ 0.87 $ 0.67 $ 0.38 $ 3.87 $ 3.12 $ 2.48
Diluted earnings per share $ 1.21 $ 0.96 $ 0.79 $ 0.50 $ 1.07 $ 0.78 $ 0.61 $ 0.35 $ 3.46 $ 2.80 $ 2.15
Lennar Homebuilding [Member]                      
Revenues:                      
Real estate revenues                 $ 8,466,945 $ 7,025,130 $ 5,354,947
Cost and expenses:                      
Real estate cost of revenues                 7,264,839 5,962,029 4,579,108
Equity in earnings (loss) from unconsolidated entities                 63,373 (355) 23,803
Other income (expense), net                 18,616 7,526 27,346
Other interest expense                 (12,454) (36,551) (93,913)
Lennar Financial Services [Member]                      
Revenues:                      
Lennar Financial Services                 620,527 454,381 427,342
Cost and expenses:                      
Lennar Financial Services                 492,732 374,243 341,556
Rialto [Member]                      
Revenues:                      
Rialto, revenues                 221,923 230,521 138,060
Cost and expenses:                      
Rialto costs and expenses                 222,875 249,114 151,072
Equity in earnings (loss) from unconsolidated entities                 22,293 59,277 22,353
Other income (expense), net                 12,254 3,395 16,787
Less: Net earnings (loss) attributable to noncontrolling interests                 4,765 (22,494) 6,238
Lennar Multifamily [Member]                      
Revenues:                      
Real estate revenues                 164,613 69,780 14,746
Cost and expenses:                      
Real estate cost of revenues                 191,302 95,227 31,463
Equity in earnings (loss) from unconsolidated entities                 $ 19,518 $ 14,454 $ (271)