XML 35 R25.htm IDEA: XBRL DOCUMENT v3.3.1.900
Operating And Reporting Segments (Tables)
 3 Months Ended
Feb. 29, 2016
Segment Reporting [Abstract]  
Disclosure Of Financial Information Relating To Company's Operations
Financial information relating to the Company’s operations was as follows:
(In thousands)
February 29,
2016
 
November 30,
2015
Assets:
 
 
 
Homebuilding East
$
3,519,242

 
3,140,604

Homebuilding Central
1,488,437

 
1,421,195

Homebuilding West
4,248,352

 
4,157,616

Homebuilding Houston
541,449

 
481,386

Homebuilding Other
825,145

 
858,000

Rialto
1,272,004

 
1,505,500

Lennar Financial Services
1,157,079

 
1,425,837

Lennar Multifamily
451,108

 
415,352

Corporate and unallocated
692,372

 
1,014,019

Total assets
$
14,195,188

 
14,419,509


 
Three Months Ended
 
February 29,
 
February 28,
(In thousands)
2016
 
2015
Revenues:
 
 
 
Homebuilding East
$
659,054

 
610,683

Homebuilding Central
275,219

 
210,508

Homebuilding West
551,339

 
382,773

Homebuilding Houston
138,621

 
131,257

Homebuilding Other
162,248

 
106,437

Lennar Financial Services
123,956

 
124,827

Rialto
43,711

 
41,197

Lennar Multifamily
39,516

 
36,457

Total revenues (1)
$
1,993,664

 
1,644,139

Operating earnings (loss):
 
 
 
Homebuilding East
$
84,706

 
86,533

Homebuilding Central
20,323

 
15,052

Homebuilding West (2)
88,834

 
82,493

Homebuilding Houston
12,872

 
17,015

Homebuilding Other
13,903

 
6,551

Lennar Financial Services
14,931

 
15,527

Rialto
1,610

 
2,808

Lennar Multifamily
12,182

 
(5,682
)
Total operating earnings
249,361

 
220,297

Corporate general and administrative expenses
47,668

 
43,654

Earnings before income taxes
$
201,693

 
176,643


(1)
Total revenues were net of sales incentives of $103.7 million ($21,600 per home delivered) for the three months ended February 29, 2016, and $93.6 million ($21,800 per home delivered) for the three months ended February 28, 2015.
(2)
For the three months ended February 29, 2016 and February 28, 2015, operating earnings included $6.0 million and $31.3 million, respectively, of equity in earnings from Heritage Fields El Toro, one of the Company's unconsolidated entities ("El Toro"), for details refer to Note 3.