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Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Aug. 31, 2016
Nov. 30, 2015
Total assets [1] $ 14,998,720 $ 14,419,509
Cash and cash equivalents 816,095 1,158,445
Total liabilities [2] $ 8,235,814 $ 8,469,437
Class A Common Stock    
Common stock, par value (in dollars per share) $ 0.10 $ 0.10
Common stock, shares authorized 300,000,000 300,000,000
Common stock, shares issued 197,412,050 180,658,550
Treasury stock, shares 911,807 815,959
Class B Common Stock    
Common stock, par value (in dollars per share) $ 0.10 $ 0.10
Common stock, shares authorized 90,000,000 90,000,000
Common stock, shares issued 32,982,815 32,982,515
Treasury stock, shares 1,679,620 1,679,620
Variable Interest Entity, Primary Beneficiary    
Total assets $ 596,600 $ 652,300
Total liabilities 136,800 84,400
Lennar Homebuilding    
Total assets [1] 11,741,937 11,072,820
Cash and cash equivalents [1] 567,708 893,408
Receivables, net [1] 78,986 74,538
Finished homes and construction in progress [1] 4,335,302 3,957,167
Land and land under development [1] 5,193,420 4,724,578
Consolidated inventory not owned [1] 127,024 58,851
Investments in unconsolidated entities [1] 796,499 741,551
Other assets [1] 637,546 609,222
Total liabilities [2] 6,355,841 6,452,285
Accounts payable [2] 459,183 475,909
Liabilities related to consolidated inventory not owned [2] 108,443 51,431
Other liabilities [2] 867,367 899,815
Lennar Homebuilding | Variable Interest Entity, Primary Beneficiary    
Cash and cash equivalents 9,700 9,600
Receivables, net 100 500
Finished homes and construction in progress 46,900 3,900
Land and land under development 113,800 154,200
Consolidated inventory not owned 127,000 58,900
Investments in unconsolidated entities 4,600 35,800
Other assets 16,500 22,700
Accounts payable 2,700 2,000
Liabilities related to consolidated inventory not owned 108,400 51,400
Other liabilities 1,700 15,600
Rialto    
Total assets [1] 1,196,653 1,505,500
Cash and cash equivalents 133,103 150,219
Receivables, net 0 154,948
Investments in unconsolidated entities [1] 241,680 224,869
Other assets 97,556 116,908
Total liabilities [2] 632,562 866,224
Other liabilities [2] 56,114 94,496
Lennar Multifamily    
Total assets [1] 532,574 415,352
Cash and cash equivalents 5,120 8,041
Land and land under development 148,241 115,982
Consolidated inventory not owned 18,500 5,508
Investments in unconsolidated entities 304,032 250,876
Other assets 56,681 34,945
Total liabilities [2] 107,196 66,950
Liabilities related to consolidated inventory not owned 11,850 4,007
Lennar Multifamily | Variable Interest Entity, Primary Beneficiary    
Total assets 26,600 11,500
Total liabilities 11,900 4,000
Variable Interest Entity, Primary Beneficiary | Rialto    
Total assets 251,500 355,200
Total liabilities $ 12,100 $ 11,300
[1] Under certain provisions of Accounting Standards Codification (“ASC”) Topic 810, Consolidations, (“ASC 810”) the Company is required to separately disclose on its condensed consolidated balance sheets the assets owned by consolidated variable interest entities (“VIEs”) and liabilities of consolidated VIEs as to which neither Lennar Corporation, or any of its subsidiaries, has any obligations.As of August 31, 2016, total assets include $596.6 million related to consolidated VIEs of which $9.7 million is included in Lennar Homebuilding cash and cash equivalents, $0.1 million in Lennar Homebuilding receivables, net, $46.9 million in Lennar Homebuilding finished homes and construction in progress, $113.8 million in Lennar Homebuilding land and land under development, $127.0 million in Lennar Homebuilding consolidated inventory not owned, $4.6 million in Lennar Homebuilding investments in unconsolidated entities, $16.5 million in Lennar Homebuilding other assets, $251.5 million in Rialto assets and $26.6 million in Lennar Multifamily assets.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.
[2] As of August 31, 2016, total liabilities include $136.8 million related to consolidated VIEs as to which there was no recourse against the Company, of which $2.7 million is included in Lennar Homebuilding accounts payable, $108.4 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $1.7 million in Lennar Homebuilding other liabilities, $12.1 million in Rialto liabilities and $11.9 million in Lennar Multifamily liabilities.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.