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Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
May 31, 2017
Nov. 30, 2016
Total assets [1] $ 16,754,505 $ 15,361,781
Cash and cash equivalents 983,968 1,329,529
Total liabilities [2] $ 9,317,499 $ 8,150,214
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 204,147,354 204,089,447
Treasury stock, shares 955,371 917,447
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 32,982,815
Treasury stock, shares 1,679,620 1,679,620
Variable Interest Entity, Primary Beneficiary    
Total assets $ 575,700 $ 536,300
Total liabilities 144,100 126,400
Lennar Homebuilding    
Total assets [1] 13,292,561 11,804,768
Cash and cash equivalents [1] 747,652 1,050,138
Receivables, net [1] 82,640 106,976
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
Investments in unconsolidated entities [1] 995,400 811,723
Other assets [1] 890,665 651,028
Total liabilities [2] 7,296,058 6,005,978
Accounts payable [2] 492,734 478,546
Liabilities related to consolidated inventory not owned [2] 133,554 110,006
Other liabilities [2] 902,081 841,449
Lennar Homebuilding | Variable Interest Entity, Primary Beneficiary    
Cash and cash equivalents 9,400 13,300
Receivables, net 200 200
Finished homes and construction in progress 77,800 54,200
Land and land under development 173,100 106,300
Consolidated inventory not owned 138,600 121,000
Investments in unconsolidated entities 4,600 4,600
Other assets 12,900 13,900
Accounts payable 4,700 3,600
Liabilities related to consolidated inventory not owned 133,600 110,000
Other liabilities 1,100 2,500
Rialto    
Total assets [1] 1,364,421 1,276,210
Cash and cash equivalents 119,592 148,827
Receivables, net 415,285 204,518
Investments in unconsolidated entities [1] 244,301 245,741
Other assets 134,372 113,671
Total liabilities [2] 860,612 707,980
Other liabilities 78,767 85,645
Lennar Multifamily    
Total assets [1] 653,229 526,131
Cash and cash equivalents 9,288 6,600
Receivables, net 64,740 58,929
Land and land under development 171,066 139,713
Investments in unconsolidated entities 377,265 318,559
Other assets 30,870 2,330
Total liabilities [2] 123,166 117,973
Lennar Multifamily | Variable Interest Entity, Primary Beneficiary    
Total assets 41,600 8,800
Variable Interest Entity, Primary Beneficiary | Rialto    
Total assets 117,500 213,800
Total liabilities $ 4,700 $ 10,300
[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 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.