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Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Aug. 31, 2018
Nov. 30, 2017
Total assets [1] $ 28,289,395 $ 18,745,034
Cash and cash equivalents 1,048,416 2,650,872
Total liabilities [2] $ 14,173,215 $ 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 294,978,478 205,429,942
Treasury stock, shares 2,437,654 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 39,442,093 37,687,505
Treasury stock, shares 1,697,699 1,679,650
Lennar Homebuilding    
Total assets [1] $ 24,522,432 $ 15,190,961
Cash and cash equivalents [1] 833,274 2,282,925
Receivables, net [1] 170,658 137,667
Finished homes and construction in progress [1] 9,414,846 4,676,279
Land and land under development [1] 7,825,385 5,791,338
Consolidated inventory not owned [1] 328,841 393,273
Investments in unconsolidated entities [1] 997,488 900,769
Other assets [1] 1,482,200 863,404
Total liabilities [2] 12,482,412 8,711,317
Accounts payable [2] 956,597 604,953
Senior notes and other debts payable [2] 9,407,987 6,410,003
Liabilities related to consolidated inventory not owned [2] 280,546 380,720
Other liabilities [2] 1,837,282 1,315,641
Rialto    
Total assets [1] 834,882 1,153,840
Cash and cash equivalents 36,343 241,861
Investments in unconsolidated entities [1] 294,465 265,418
Other assets 87,726 122,371
Total liabilities [2] 297,129 720,056
Other liabilities 57,737 94,975
Lennar Multifamily    
Total assets [1] 890,057 710,725
Cash and cash equivalents 13,748 8,676
Receivables, net 66,265 69,678
Land and land under development 294,104 208,618
Investments in unconsolidated entities 482,241 407,544
Other assets 33,699 16,209
Total liabilities [2] 152,566 149,715
Variable Interest Entity, Primary Beneficiary    
Total assets 775,700 799,400
Total liabilities 345,300 389,700
Variable Interest Entity, Primary Beneficiary | Lennar Homebuilding    
Cash and cash equivalents 48,500 15,800
Receivables, net 1,000 200
Finished homes and construction in progress 78,400 53,200
Land and land under development 243,700 229,000
Consolidated inventory not owned 328,800 393,300
Investments in unconsolidated entities 4,500 4,600
Other assets 10,500 11,800
Accounts payable 6,100 5,000
Senior notes and other debts payable [2] 48,900  
Liabilities related to consolidated inventory not owned 280,500 380,700
Other liabilities 8,800 1,800
Variable Interest Entity, Primary Beneficiary | Rialto    
Total assets 12,000 48,800
Total liabilities 900 2,200
Variable Interest Entity, Primary Beneficiary | Lennar Multifamily    
Total assets $ 48,100 $ 42,700
[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, 2018, total assets include $775.7 million related to consolidated VIEs of which $48.5 million is included in Lennar Homebuilding cash and cash equivalents, $1.0 million in Lennar Homebuilding receivables, net, $78.4 million in Lennar Homebuilding finished homes and construction in progress, $243.7 million in Lennar Homebuilding land and land under development, $328.8 million in Lennar Homebuilding consolidated inventory not owned, $4.5 million in Lennar Homebuilding investments in unconsolidated entities, $10.5 million in Lennar Homebuilding other assets, $12.0 million in Rialto assets and $48.1 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 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, 2018, total liabilities include $345.3 million related to consolidated VIEs as to which there was no recourse against the Company, of which $6.1 million is included in Lennar Homebuilding accounts payable, $48.9 million in Lennar Homebuilding senior notes and other debts payable, $280.5 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $8.8 million in Lennar Homebuilding other liabilities and $0.9 million in Rialto 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.