XML 81 R67.htm IDEA: XBRL DOCUMENT v3.8.0.1
Lennar Financial Services Segment (Schedule of Assets and Liabilities) (Details) - USD ($)
$ in Thousands
Nov. 30, 2017
Nov. 30, 2016
Nov. 30, 2015
Nov. 30, 2014
Assets:        
Cash and cash equivalents $ 2,650,872 $ 1,329,529 $ 1,158,445 $ 1,281,814
Total assets 18,745,034 [1] 15,361,781 [1] 14,419,509  
Liabilities:        
Total liabilities [2] 10,758,902 8,150,214    
Self insurance reserve 90,200 87,600    
Lennar Financial Services        
Assets:        
Cash and cash equivalents 117,410 123,964    
Restricted cash 12,006 17,053    
Receivables, net 313,252 409,528    
Loans held-for-sale 937,516 939,405    
Loans held-for-investment, net 44,193 30,004    
Investments held-to-maturity 52,327 41,991    
Investments available-for-sale 57,439 53,570    
Goodwill (4) 59,838 39,838 $ 38,854  
Other 95,527 99,319    
Total assets [1] 1,689,508 1,754,672    
Liabilities:        
Notes and other debts payable 937,431 1,077,228    
Other 240,383 241,055    
Total liabilities [2] 1,177,814 1,318,283    
Self insurance reserve 57,700 57,400    
Lennar Financial Services | Mortgage servicing rights        
Liabilities:        
Mortgage servicing rights 31,200 23,900    
Lennar Financial Services | Mortgage loan commitments        
Liabilities:        
Other assets 9,900 7,400    
Lennar Financial Services | Forward contracts        
Liabilities:        
Other assets $ 1,700 $ 26,500    
[1] Under certain provisions of Accounting Standards Codification ("ASC") Topic 810, Consolidations, ("ASC 810") the Company is required to separately disclose on its consolidated balance sheets the assets of consolidated variable interest entities ("VIEs") that are owned by the consolidated VIEs and liabilities of consolidated VIEs as to which there is no recourse against the Company.As of November 30, 2017, total assets include $799.4 million related to consolidated VIEs of which $15.8 million is included in Lennar Homebuilding cash and cash equivalents, $0.2 million in Lennar Homebuilding receivables, net, $53.2 million in Lennar Homebuilding finished homes and construction in progress, $229.0 million in Lennar Homebuilding land and land under development, $393.3 million in Lennar Homebuilding consolidated inventory not owned, $4.6 million in Lennar Homebuilding investments in unconsolidated entities, $11.8 million in Lennar Homebuilding other assets, $48.8 million in Rialto assets and $42.7 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 November 30, 2017, total liabilities include $389.7 million related to consolidated VIEs as to which there was no recourse against the Company, of which $5.0 million is included in Lennar Homebuilding accounts payable, $380.7 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $1.8 million in Lennar Homebuilding other liabilities and $2.2 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, $10.3 million in Rialto liabilities.