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Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Feb. 28, 2018
Nov. 30, 2017
Total assets [1] $ 27,944,023 $ 18,745,034
Cash and cash equivalents 1,029,585 2,650,872
Total liabilities [2] $ 14,769,939 $ 10,758,902
Class A Common Stock    
Common stock, par value (in dollars per share) $ 0.10 $ 0.10
Common stock, shares authorized 400,000,000 300,000,000
Common stock, shares issued 289,922,064 205,429,942
Treasury stock, shares 1,917,513 1,473,590
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 39,368,304 37,687,505
Treasury stock, shares 1,688,366 1,679,650
Variable Interest Entity, Primary Beneficiary    
Total assets $ 864,800 $ 799,400
Total liabilities 366,000 389,700
Lennar Homebuilding    
Total assets [1] 24,393,512 15,190,961
Cash and cash equivalents [1] 733,905 2,282,925
Receivables, net [1] 194,235 137,667
Finished homes and construction in progress [1] 9,306,606 4,676,279
Land and land under development [1] 7,907,541 5,791,338
Consolidated inventory not owned [1] 366,669 393,273
Investments in unconsolidated entities [1] 990,723 900,769
Other assets [1] 1,437,514 863,404
Total liabilities [2] 13,135,776 8,711,317
Accounts payable [2] 782,797 604,953
Senior notes and other debts payable [2] 10,382,540 6,410,003
Liabilities related to consolidated inventory not owned [2] 347,048 380,720
Other liabilities [2] 1,623,391 1,315,641
Lennar Homebuilding | Variable Interest Entity, Primary Beneficiary    
Cash and cash equivalents 7,600 15,800
Receivables, net 100 200
Finished homes and construction in progress 45,400 53,200
Land and land under development 308,800 229,000
Consolidated inventory not owned 366,700 393,300
Investments in unconsolidated entities 4,500 4,600
Other assets 11,700 11,800
Accounts payable 4,500 5,000
Senior notes and other debts payable [2] 11,100  
Liabilities related to consolidated inventory not owned 347,000 380,700
Other liabilities 1,500 1,800
Rialto    
Total assets [1] 909,249 1,153,840
Cash and cash equivalents 113,582 241,861
Investments in unconsolidated entities [1] 275,850 265,418
Other assets 98,170 120,438
Total liabilities 488,104 720,056
Other liabilities 49,225 94,975
Lennar Multifamily    
Total assets 892,830 710,725 [1]
Cash and cash equivalents 16,249 8,676
Receivables, net 72,613 69,678
Land and land under development 332,291 208,618
Investments in unconsolidated entities 437,367 407,544
Other assets 34,310 16,209
Total liabilities [2] 141,057 149,715
Lennar Multifamily | Variable Interest Entity, Primary Beneficiary    
Total assets 100,000 42,700
Variable Interest Entity, Primary Beneficiary | Rialto    
Total assets 20,000 48,800
Total liabilities 1,800 $ 2,200
Variable Interest Entity, Primary Beneficiary | Lennar Multifamily    
Total liabilities $ 100  
[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 February 28, 2018, total assets include $864.8 million related to consolidated VIEs of which $7.6 million is included in Lennar Homebuilding cash and cash equivalents, $0.1 million in Lennar Homebuilding receivables, net, $45.4 million in Lennar Homebuilding finished homes and construction in progress, $308.8 million in Lennar Homebuilding land and land under development, $366.7 million in Lennar Homebuilding consolidated inventory not owned, $4.5 million in Lennar Homebuilding investments in unconsolidated entities, $11.7 million in Lennar Homebuilding other assets, $20.0 million in Rialto assets and $100.0 million in Lennar Multifamily assets.
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.
[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 February 28, 2018, total liabilities include $366.0 million related to consolidated VIEs as to which there was no recourse against the Company, of which $4.5 million is included in Lennar Homebuilding accounts payable, $11.1 million in Lennar Homebuilding senior notes and other debts payable, $347.0 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $1.5 million in Lennar Homebuilding other liabilities, $1.8 million in Rialto liabilities and $0.1 million in Lennar Multifamily liabilities.
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.