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Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Aug. 31, 2017
Nov. 30, 2016
Total assets [1] $ 16,939,373 $ 15,361,781
Cash and cash equivalents 837,726 1,329,529
Total liabilities [2] $ 9,279,913 $ 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 205,428,593 204,089,447
Treasury stock, shares 1,467,826 917,447
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 $ 812,900 $ 536,300
Total liabilities 390,200 126,400
Lennar Homebuilding    
Total assets [1] 13,675,520 11,804,768
Cash and cash equivalents 564,591 1,050,138 [1]
Receivables, net [1] 86,640 106,976
Finished homes and construction in progress [1] 5,037,433 3,951,716
Land and land under development [1] 5,497,572 5,106,191
Consolidated inventory not owned [1] 386,579 121,019
Investments in unconsolidated entities [1] 1,016,588 811,723
Other assets [1] 936,796 651,028
Total liabilities [2] 7,498,324 6,005,978
Accounts payable 524,852 478,546 [2]
Liabilities related to consolidated inventory not owned [2] 381,679 110,006
Other liabilities [2] 1,068,028 841,449
Lennar Homebuilding | Variable Interest Entity, Primary Beneficiary    
Cash and cash equivalents 9,700 13,300
Receivables, net 200 200
Finished homes and construction in progress 81,300 54,200
Land and land under development 189,600 106,300
Consolidated inventory not owned 386,600 121,000
Investments in unconsolidated entities 4,600 4,600
Other assets 13,100 13,900
Accounts payable 4,700 3,600
Liabilities related to consolidated inventory not owned 381,700 110,000
Other liabilities 1,100 2,500
Rialto    
Total assets [1] 1,195,407 1,276,210
Cash and cash equivalents 154,814 148,827
Receivables, net 0 204,518
Investments in unconsolidated entities [1] 249,551 245,741
Other assets 136,194 113,671
Total liabilities 703,329 707,980
Other liabilities 86,177 85,645
Lennar Multifamily    
Total assets [1] 683,258 526,131
Cash and cash equivalents 3,305 6,600
Receivables, net 71,464 58,929
Land and land under development 179,965 139,713
Investments in unconsolidated entities 397,119 318,559
Other assets 31,405 2,330
Total liabilities [2] 128,162 117,973
Lennar Multifamily | Variable Interest Entity, Primary Beneficiary    
Total assets 42,000 8,800
Variable Interest Entity, Primary Beneficiary | Rialto    
Total assets 85,800 213,800
Total liabilities $ 2,700 $ 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 August 31, 2017, total assets include $812.9 million related to consolidated VIEs of which $9.7 million is included in Lennar Homebuilding cash and cash equivalents, $0.2 million in Lennar Homebuilding receivables, net, $81.3 million in Lennar Homebuilding finished homes and construction in progress, $189.6 million in Lennar Homebuilding land and land under development, $386.6 million in Lennar Homebuilding consolidated inventory not owned, $4.6 million in Lennar Homebuilding investments in unconsolidated entities, $13.1 million in Lennar Homebuilding other assets, $85.8 million in Rialto assets and $42.0 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] 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, 2017, total liabilities include $390.2 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, $381.7 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $1.1 million in Lennar Homebuilding other liabilities and $2.7 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.