XML 96 R86.htm IDEA: XBRL DOCUMENT v3.5.0.2
Supplemental Financial Information (Condensed Consolidating Statement of Operations and Comprehensive Income) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2016
May 31, 2015
May 31, 2016
May 31, 2015
Condensed Financial Statements, Captions [Line Items]        
Revenues $ 2,745,815 $ 2,392,604 $ 4,739,479 $ 4,036,743
Corporate general and administrative 55,802 50,207 103,470 93,861
Total costs and expenses 2,423,362 2,121,287 4,238,187 3,622,158
Equity in earnings (loss) from unconsolidated entities     35,422 44,785
Other interest expense (1,193) (3,818) (2,350) (7,889)
Earnings (loss) before income taxes 327,839 279,810 529,532 456,453
Benefit (provision) for income taxes (103,801) (95,226) (160,042) (154,952)
Equity in earnings from subsidiaries 0 0 0 0
Net earnings (including net earnings attributable to noncontrolling interests) 224,038 184,584 369,490 301,501
Less: Net earnings attributable to noncontrolling interests 5,569 1,568 6,941 3,522
Net earnings attributable to Lennar 218,469 183,016 362,549 297,979
Other comprehensive income, net of tax:        
Net unrealized gain (loss) on securities available-for-sale 919 (94) 482 106
Reclassification adjustments for gains included in earnings, net of tax (6) (23) (6) (23)
Other comprehensive income attributable to Lennar 219,382 182,899 363,025 298,062
Other comprehensive income attributable to noncontrolling interests 5,569 1,568 6,941 3,522
Lennar Homebuilding        
Condensed Financial Statements, Captions [Line Items]        
Revenues 2,450,885 2,115,812 4,237,366 3,557,470
Cost and expenses 2,112,288 1,825,482 3,680,493 3,090,657
Equity in earnings (loss) from unconsolidated entities (9,633) 6,494 (6,633) 35,393
Other income (expense), net 14,925 (217) 15,444 6,116
Lennar Financial Services        
Condensed Financial Statements, Captions [Line Items]        
Revenues 175,940 169,885 299,896 294,712
Cost and expenses 131,852 130,832 240,877 240,132
Rialto        
Condensed Financial Statements, Captions [Line Items]        
Revenues 44,838 67,931 88,549 109,128
Cost and expenses 50,203 67,506 93,110 108,287
Equity in earnings (loss) from unconsolidated entities 6,864 7,328 8,361 9,992
Other income (expense), net (19,585) (872) (20,276) (1,144)
Less: Net earnings attributable to noncontrolling interests (4,300) (700) (4,600) (2,500)
Lennar Multifamily        
Condensed Financial Statements, Captions [Line Items]        
Revenues 74,152 38,976 113,668 75,433
Cost and expenses 73,217 47,260 120,237 89,221
Equity in earnings (loss) from unconsolidated entities 14,008 (422) 33,694 (600)
Reportable Legal Entities | Lennar Corporation        
Condensed Financial Statements, Captions [Line Items]        
Revenues 0 0 0 0
Corporate general and administrative 54,282 48,941 100,430 91,330
Total costs and expenses 54,282 48,941 100,430 91,330
Other interest expense (1,461) (1,460) (2,905) (2,889)
Earnings (loss) before income taxes (55,014) (50,238) (101,436) (93,825)
Benefit (provision) for income taxes 18,025 17,196 31,060 32,098
Equity in earnings from subsidiaries 255,458 219,792 432,925 359,706
Net earnings (including net earnings attributable to noncontrolling interests) 218,469 186,750 362,549 297,979
Less: Net earnings attributable to noncontrolling interests 0 0 0 0
Net earnings attributable to Lennar 218,469 186,750 362,549 297,979
Other comprehensive income, net of tax:        
Net unrealized gain (loss) on securities available-for-sale 0 0 0 0
Reclassification adjustments for gains included in earnings, net of tax 0 0 0 0
Other comprehensive income attributable to Lennar 218,469 186,750 362,549 297,979
Other comprehensive income attributable to noncontrolling interests 0 0 0 0
Reportable Legal Entities | Lennar Corporation | Lennar Homebuilding        
Condensed Financial Statements, Captions [Line Items]        
Revenues 0 0 0 0
Cost and expenses 0 0 0 0
Equity in earnings (loss) from unconsolidated entities 0 0 0 0
Other income (expense), net 729 163 1,899 394
Reportable Legal Entities | Lennar Corporation | Lennar Financial Services        
Condensed Financial Statements, Captions [Line Items]        
Revenues 0 0 0 0
Cost and expenses 0 0 0 0
Reportable Legal Entities | Lennar Corporation | Rialto        
Condensed Financial Statements, Captions [Line Items]        
Revenues 0 0 0 0
Cost and expenses 0 0 0 0
Equity in earnings (loss) from unconsolidated entities 0 0 0 0
Other income (expense), net 0 0 0 0
Reportable Legal Entities | Lennar Corporation | Lennar Multifamily        
Condensed Financial Statements, Captions [Line Items]        
Revenues 0 0 0 0
Cost and expenses 0 0 0 0
Equity in earnings (loss) from unconsolidated entities 0 0 0 0
Reportable Legal Entities | Guarantor Subsidiaries        
Condensed Financial Statements, Captions [Line Items]        
Revenues 2,504,195 2,168,634 4,331,286 3,648,441
Corporate general and administrative 254 0 509 0
Total costs and expenses 2,174,870 1,856,963 3,773,103 3,164,682
Other interest expense (1,193) (3,818) (2,350) (7,889)
Earnings (loss) before income taxes 341,088 313,022 564,122 509,858
Benefit (provision) for income taxes (108,653) (105,552) (170,363) (171,646)
Equity in earnings from subsidiaries 15,458 6,236 19,996 20,086
Net earnings (including net earnings attributable to noncontrolling interests) 247,893 213,706 413,755 358,298
Less: Net earnings attributable to noncontrolling interests 0 0 0 0
Net earnings attributable to Lennar 247,893 213,706 413,755 358,298
Other comprehensive income, net of tax:        
Net unrealized gain (loss) on securities available-for-sale 0 0 0 0
Reclassification adjustments for gains included in earnings, net of tax 0 0 0 0
Other comprehensive income attributable to Lennar 247,893 213,706 413,755 358,298
Other comprehensive income attributable to noncontrolling interests 0 0 0 0
Reportable Legal Entities | Guarantor Subsidiaries | Lennar Homebuilding        
Condensed Financial Statements, Captions [Line Items]        
Revenues 2,450,885 2,115,812 4,237,366 3,557,470
Cost and expenses 2,126,412 1,807,439 3,682,578 3,076,932
Equity in earnings (loss) from unconsolidated entities (10,860) 3,892 (7,011) 26,387
Other income (expense), net 23,816 1,277 15,300 7,601
Reportable Legal Entities | Guarantor Subsidiaries | Lennar Financial Services        
Condensed Financial Statements, Captions [Line Items]        
Revenues 53,310 52,822 93,920 90,971
Cost and expenses 48,204 49,524 90,016 87,750
Reportable Legal Entities | Guarantor Subsidiaries | Rialto        
Condensed Financial Statements, Captions [Line Items]        
Revenues 0 0 0 0
Cost and expenses 0 0 0 0
Equity in earnings (loss) from unconsolidated entities 0 0 0 0
Other income (expense), net 0 0 0 0
Reportable Legal Entities | Guarantor Subsidiaries | Lennar Multifamily        
Condensed Financial Statements, Captions [Line Items]        
Revenues 0 0 0 0
Cost and expenses 0 0 0 0
Equity in earnings (loss) from unconsolidated entities 0 0 0 0
Reportable Legal Entities | Non-Guarantor Subsidiaries        
Condensed Financial Statements, Captions [Line Items]        
Revenues 246,651 228,987 418,233 398,300
Corporate general and administrative 0 0 0 0
Total costs and expenses 198,501 219,093 373,670 373,630
Other interest expense 0 0 0 0
Earnings (loss) before income taxes 41,765 17,026 66,846 40,420
Benefit (provision) for income taxes (13,173) (6,870) (20,739) (15,404)
Equity in earnings from subsidiaries 0 0 0 0
Net earnings (including net earnings attributable to noncontrolling interests) 28,592 10,156 46,107 25,016
Less: Net earnings attributable to noncontrolling interests 5,569 1,568 6,941 3,522
Net earnings attributable to Lennar 23,023 8,588 39,166 21,494
Other comprehensive income, net of tax:        
Net unrealized gain (loss) on securities available-for-sale 919 (94) 482 106
Reclassification adjustments for gains included in earnings, net of tax (6) (23) (6) (23)
Other comprehensive income attributable to Lennar 23,936 8,471 39,642 21,577
Other comprehensive income attributable to noncontrolling interests 5,569 1,568 6,941 3,522
Reportable Legal Entities | Non-Guarantor Subsidiaries | Lennar Homebuilding        
Condensed Financial Statements, Captions [Line Items]        
Revenues 0 0 0 0
Cost and expenses (6,231) 19,511 8,632 20,030
Equity in earnings (loss) from unconsolidated entities 1,227 2,602 378 9,006
Other income (expense), net (8,899) (1,504) 126 (1,504)
Reportable Legal Entities | Non-Guarantor Subsidiaries | Lennar Financial Services        
Condensed Financial Statements, Captions [Line Items]        
Revenues 127,642 122,075 215,984 213,734
Cost and expenses 81,255 84,816 151,324 156,092
Reportable Legal Entities | Non-Guarantor Subsidiaries | Rialto        
Condensed Financial Statements, Captions [Line Items]        
Revenues 44,838 67,931 88,549 109,128
Cost and expenses 50,260 67,506 93,477 108,287
Equity in earnings (loss) from unconsolidated entities 6,864 7,328 8,361 9,992
Other income (expense), net (19,585) (872) (20,276) (1,144)
Reportable Legal Entities | Non-Guarantor Subsidiaries | Lennar Multifamily        
Condensed Financial Statements, Captions [Line Items]        
Revenues 74,171 38,981 113,700 75,438
Cost and expenses 73,217 47,260 120,237 89,221
Equity in earnings (loss) from unconsolidated entities 14,008 (422) 33,694 (600)
Consolidating Adjustments        
Condensed Financial Statements, Captions [Line Items]        
Revenues (5,031) (5,017) (10,040) (9,998)
Corporate general and administrative 1,266 1,266 2,531 2,531
Total costs and expenses (4,291) (3,710) (9,016) (7,484)
Other interest expense 1,461 1,460 2,905 2,889
Earnings (loss) before income taxes 0 0 0 0
Benefit (provision) for income taxes 0 0 0 0
Equity in earnings from subsidiaries (270,916) (226,028) (452,921) (379,792)
Net earnings (including net earnings attributable to noncontrolling interests) (270,916) (226,028) (452,921) (379,792)
Less: Net earnings attributable to noncontrolling interests 0 0 0 0
Net earnings attributable to Lennar (270,916) (226,028) (452,921) (379,792)
Other comprehensive income, net of tax:        
Net unrealized gain (loss) on securities available-for-sale 0 0 0 0
Reclassification adjustments for gains included in earnings, net of tax 0 0 0 0
Other comprehensive income attributable to Lennar (270,916) (226,028) (452,921) (379,792)
Other comprehensive income attributable to noncontrolling interests 0 0 0 0
Consolidating Adjustments | Lennar Homebuilding        
Condensed Financial Statements, Captions [Line Items]        
Revenues 0 0 0 0
Cost and expenses (7,893) (1,468) (10,717) (6,305)
Equity in earnings (loss) from unconsolidated entities 0 0 0 0
Other income (expense), net (721) (153) (1,881) (375)
Consolidating Adjustments | Lennar Financial Services        
Condensed Financial Statements, Captions [Line Items]        
Revenues (5,012) (5,012) (10,008) (9,993)
Cost and expenses 2,393 (3,508) (463) (3,710)
Consolidating Adjustments | Rialto        
Condensed Financial Statements, Captions [Line Items]        
Revenues 0 0 0 0
Cost and expenses (57) 0 (367) 0
Equity in earnings (loss) from unconsolidated entities 0 0 0 0
Other income (expense), net 0 0 0 0
Consolidating Adjustments | Lennar Multifamily        
Condensed Financial Statements, Captions [Line Items]        
Revenues (19) (5) (32) (5)
Cost and expenses 0 0 0 0
Equity in earnings (loss) from unconsolidated entities $ 0 $ 0 $ 0 $ 0