Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		May 31, 2017	Nov. 30, 2016
ASSETS
Cash and cash equivalents		$ 983,968	$ 1,329,529
Inventories:
Total assets	[1]	16,754,505	15,361,781
LIABILITIES AND EQUITY
Total liabilities	[2]	9,317,499	8,150,214
Stockholders' equity:
Preferred stock	[2]	0	0
Additional paid-in capital	[2]	2,867,618	2,805,349
Retained earnings	[2]	4,539,203	4,306,256
Treasury stock, at cost; May 31, 2017 - 955,371 shares of Class A common stock and 1,679,620 shares of Class B common stock; November 30, 2016 - 917,447 shares of Class A common stock and 1,679,620 shares of Class B common stock	[2]	(109,049)	(108,961)
Accumulated other comprehensive income (loss)	[2]	1,086	(309)
Total stockholders’ equity	[2]	7,322,571	7,026,042
Noncontrolling interests	[2]	114,435	185,525
Total equity	[2]	7,437,006	7,211,567
Total liabilities and equity	[2]	16,754,505	15,361,781
Class A Common Stock
Stockholders' equity:
Common stock	[2]	20,415	20,409
Class B Common Stock
Stockholders' equity:
Common stock	[2]	3,298	3,298
Lennar Homebuilding
ASSETS
Cash and cash equivalents	[1]	747,652	1,050,138
Restricted cash	[1]	6,397	5,977
Receivables, net	[1]	82,640	106,976
Inventories:
Finished homes and construction in progress	[1]	4,670,827	3,951,716
Land and land under development	[1]	5,623,727	5,106,191
Consolidated inventory not owned	[1]	138,620	121,019
Total inventories	[1]	10,433,174	9,178,926
Investments in unconsolidated entities	[1]	995,400	811,723
Goodwill	[1]	136,633	0
Other assets	[1]	890,665	651,028
Total assets	[1]	13,292,561	11,804,768
LIABILITIES AND EQUITY
Accounts payable	[2]	492,734	478,546
Liabilities related to consolidated inventory not owned	[2]	133,554	110,006
Senior notes and other debts payable	[2]	5,767,689	4,575,977
Other liabilities	[2]	902,081	841,449
Total liabilities	[2]	7,296,058	6,005,978
Rialto
ASSETS
Cash and cash equivalents		119,592	148,827
Restricted cash		6,026	9,935
Receivables, net		415,285	204,518
Inventories:
Investments in unconsolidated entities	[1]	244,301	245,741
Goodwill		5,396	5,396
Other assets		134,372	113,671
Total assets	[1]	1,364,421	1,276,210
LIABILITIES AND EQUITY
Other liabilities		78,767	85,645
Total liabilities	[2]	860,612	707,980
Lennar Financial Services
ASSETS
Cash and cash equivalents		107,436	123,964
Restricted cash		13,311	17,053
Receivables, net		213,550	409,528
Inventories:
Goodwill		59,838	39,838
Other assets		86,196	99,319
Total assets	[1]	1,444,294	1,754,672
LIABILITIES AND EQUITY
Other liabilities		245,040	241,055
Total liabilities	[2]	1,037,663	1,318,283
Lennar Multifamily
ASSETS
Cash and cash equivalents		9,288	6,600
Receivables, net		64,740	58,929
Inventories:
Land and land under development		171,066	139,713
Investments in unconsolidated entities		377,265	318,559
Other assets		30,870	2,330
Total assets	[1]	653,229	526,131
LIABILITIES AND EQUITY
Total liabilities	[2]	$ 123,166	$ 117,973

[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 May 31, 2017, total assets include $575.7 million related to consolidated VIEs of which $9.4 million is included in Lennar Homebuilding cash and cash equivalents, $0.2 million in Lennar Homebuilding receivables, net, $77.8 million in Lennar Homebuilding finished homes and construction in progress, $173.1 million in Lennar Homebuilding land and land under development, $138.6 million in Lennar Homebuilding consolidated inventory not owned, $4.6 million in Lennar Homebuilding investments in unconsolidated entities, $12.9 million in Lennar Homebuilding other assets, $117.5 million in Rialto assets and $41.6 million in Lennar Multifamily assets. As of November 30, 2016, total assets include $536.3 million related to consolidated VIEs of which $13.3 million is included in Lennar Homebuilding cash and cash equivalents, $0.2 million in Lennar Homebuilding receivables, net, $54.2 million in Lennar Homebuilding finished homes and construction in progress, $106.3 million in Lennar Homebuilding land and land under development, $121.0 million in Lennar Homebuilding consolidated inventory not owned, $4.6 million in Lennar Homebuilding investments in unconsolidated entities, $13.9 million in Lennar Homebuilding other assets, $213.8 million in Rialto assets and $8.8 million in Lennar Multifamily assets.

[2] As of May 31, 2017, total liabilities include $144.1 million related to consolidated VIEs as to which there was no recourse against the Company, of which $4.7 million is included in Lennar Homebuilding accounts payable, $133.6 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $1.1 million in Lennar Homebuilding other liabilities and $4.7 million in Rialto liabilities.As of November 30, 2016, total liabilities include $126.4 million related to consolidated VIEs as to which there was no recourse against the Company, of which $3.6 million is included in Lennar Homebuilding accounts payable, $110.0 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $2.5 million in Lennar Homebuilding other liabilities and $10.3 million in Rialto liabilities.