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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Cash flows from operating activities:    
Net earnings (including net earnings (loss) attributable to noncontrolling interests) $ 1,170,936 $ 919,286
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 63,822 66,714
Amortization of discount/premium and accretion on debt, net (19,841) (17,750)
Equity in (earnings) loss from unconsolidated entities (12,235) 8,115
Distributions of earnings from unconsolidated entities 9,175 90,431
Share-based compensation expense 65,438 55,638
Deferred income tax expense 144,969 188,132
Gain on sale of operating properties and equipment (4,925) (5,107)
Gain on sale of other assets (4,196) 0
Loss on consolidation of previously unconsolidated entity 48,874 0
Gain on sale of interest in unconsolidated entities and other Multifamily gain (10,865) (164,880)
Gain on sale of Financial Services' businesses (2,368) 0
Unrealized and realized gains on real estate owned (1,786) (2,912)
Impairments of loans held-for-sale and real estate owned 0 8,526
Valuation adjustments and write-offs of option deposits and pre-acquisition costs 15,912 40,531
Changes in assets and liabilities:    
Decrease (increase) in receivables 527,990 (13,341)
Increase in inventories, excluding valuation adjustments and write-offs of option deposits and pre-acquisition costs (1,610,329) (725,016)
Decrease (increase) in other assets 48,263 (193,835)
Decrease (increase) in loans held-for-sale (14,992) 130,528
Increase (decrease) in accounts payable and other liabilities (115,549) 341,357
Net cash provided by operating activities 298,293 726,417
Cash flows from investing activities:    
Net additions of operating properties and equipment (69,557) (81,493)
Proceeds from the sale of operating properties and equipment and other assets 50,018 22,820
Proceeds from sale of investment in unconsolidated entities 17,790 199,654
Proceeds from sale of Financial Services' businesses 24,446 0
Investments in and contributions to unconsolidated entities (329,858) (302,333)
Distributions of capital from unconsolidated and consolidated entities 250,265 227,754
Proceeds from sales of real estate owned 8,560 28,697
Receipts of principal payments on loans receivable and other 2,152 3,271
Purchases of commercial mortgage-backed securities bonds 0 (31,068)
Acquisitions, net of cash and restricted cash acquired 0 (1,078,345)
Increase in Financial Services loans held-for-investment, net (2,902) (2,062)
Purchases of investment securities (31,879) (39,531)
Proceeds from maturities/sales of investments securities 41,608 34,221
Other payments, net 0 (459)
Net cash used in investing activities (39,357) (1,018,874)
Cash flows from financing activities:    
Redemption of senior notes (500,000) (825,000)
Proceeds from other borrowings 62,634 70,322
Principal payments on other borrowings (154,736) (436,035)
Payments related to other liabilities (2,533) (3,200)
Conversions and exchanges on convertible senior notes (1,288) (59,145)
Receipts related to noncontrolling interests 27,395 4,008
Payments related to noncontrolling interests (35,689) (68,627)
Debt issuance costs 0 (12,459)
Common stock:    
Issuances 388 3,189
Repurchases (419,322) (49,490)
Dividends (38,776) (35,985)
Net cash used in financing activities (785,050) (1,318,085)
Net decrease in cash and cash equivalents and restricted cash (526,114) (1,610,542)
Cash and cash equivalents and restricted cash at beginning of period 1,595,978 2,694,084
Cash and cash equivalents and restricted cash at end of period 1,069,864 1,083,542
Consolidation/deconsolidation of unconsolidated/consolidated entities, net:    
Inventories 187,506 35,430
Receivables 102,959 7,198
Operating properties and equipment and other assets 53,412 0
Investments in unconsolidated entities 67,925 (25,614)
Notes payable (383,212) 0
Other liabilities (19,696) (17,014)
Noncontrolling interests (8,894) 0
Homebuilding    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities 4,601 43,537
Lennar Other    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities (12,255) (20,129)
Multifamily    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities (15,446) (15,293)
Lennar Homebuilding and Lennar Multifamily    
Homebuilding and Multifamily:    
Purchases of inventories and other assets financed by sellers 84,624 52,356
Non-cash contributions to unconsolidated entities 107,368 91,709
Conversions and exchanges on convertible senior notes 0 217,154
Equity component of acquisition consideration 0 5,070,006
Consolidating Adjustments    
Cash flows from operating activities:    
Net earnings (including net earnings (loss) attributable to noncontrolling interests) (1,432,673) (1,132,114)
Changes in assets and liabilities:    
Net cash provided by operating activities (1,432,673) (1,132,114)
Cash flows from investing activities:    
Proceeds from sale of investment in unconsolidated entities 0 0
Proceeds from sale of Financial Services' businesses 0  
Proceeds from sales of real estate owned 0 0
Purchases of commercial mortgage-backed securities bonds   0
Acquisitions, net of cash and restricted cash acquired   0
Net cash used in investing activities 1,256,112 950,226
Cash flows from financing activities:    
Redemption of senior notes   0
Conversions and exchanges on convertible senior notes   0
Common stock:    
Issuances 0 0
Repurchases 0 0
Dividends 1,432,673 1,217,114
Net cash used in financing activities 176,561 181,888
Net decrease in cash and cash equivalents and restricted cash 0 0
Cash and cash equivalents and restricted cash at beginning of period 0 0
Cash and cash equivalents and restricted cash at end of period 0 0
Consolidating Adjustments | Homebuilding    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities 0 0
Consolidating Adjustments | Lennar Other    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities 0 0
Consolidating Adjustments | Multifamily    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities 0 0
Operating Segments    
Common stock:    
Cash and cash equivalents and restricted cash at end of period 1,069,864 1,083,542
Operating Segments | Homebuilding    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities 4,601 43,537
Common stock:    
Cash and cash equivalents and restricted cash at end of period 808,643 845,015
Operating Segments | Financial Services    
Common stock:    
Cash and cash equivalents and restricted cash at end of period 238,406 177,162
Operating Segments | Lennar Other    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities (12,255) (20,129)
Common stock:    
Cash and cash equivalents and restricted cash at end of period 6,337 47,617
Operating Segments | Multifamily    
Common stock:    
Cash and cash equivalents and restricted cash at end of period 16,478 13,748
Unsecured Revolving Credit Facility    
Cash flows from financing activities:    
Net borrowings (repayments) under credit facilities 700,000 195,300
Unsecured Revolving Credit Facility | Consolidating Adjustments    
Cash flows from financing activities:    
Net borrowings (repayments) under credit facilities 0 0
Warehouse Repurchase Facility    
Cash flows from financing activities:    
Net borrowings (repayments) under credit facilities (423,123) (100,963)
Warehouse Repurchase Facility | Consolidating Adjustments    
Cash flows from financing activities:    
Net borrowings (repayments) under credit facilities 0 0
Lennar Corporation | Reportable Legal Entities    
Cash flows from operating activities:    
Net earnings (including net earnings (loss) attributable to noncontrolling interests) 1,174,748 899,683
Changes in assets and liabilities:    
Net cash provided by operating activities 1,269,468 830,081
Cash flows from investing activities:    
Proceeds from sale of investment in unconsolidated entities 0 0
Proceeds from sale of Financial Services' businesses 0  
Proceeds from sales of real estate owned 0 0
Purchases of commercial mortgage-backed securities bonds   0
Acquisitions, net of cash and restricted cash acquired   (1,140,367)
Net cash used in investing activities (1,258,276) (2,137,729)
Cash flows from financing activities:    
Redemption of senior notes   (735,626)
Conversions and exchanges on convertible senior notes   0
Common stock:    
Issuances 388 3,189
Repurchases (419,322) (49,490)
Dividends (38,776) (35,985)
Net cash used in financing activities (257,710) (177,101)
Net decrease in cash and cash equivalents and restricted cash (246,518) (1,484,749)
Cash and cash equivalents and restricted cash at beginning of period 624,694 1,938,555
Cash and cash equivalents and restricted cash at end of period 378,176 453,806
Lennar Corporation | Reportable Legal Entities | Homebuilding    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities 0 0
Lennar Corporation | Reportable Legal Entities | Lennar Other    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities 0 0
Lennar Corporation | Reportable Legal Entities | Multifamily    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities 0 0
Lennar Corporation | Unsecured Revolving Credit Facility | Reportable Legal Entities    
Cash flows from financing activities:    
Net borrowings (repayments) under credit facilities 700,000 650,000
Lennar Corporation | Warehouse Repurchase Facility | Reportable Legal Entities    
Cash flows from financing activities:    
Net borrowings (repayments) under credit facilities 0 0
Guarantor Subsidiaries | Reportable Legal Entities    
Cash flows from operating activities:    
Net earnings (including net earnings (loss) attributable to noncontrolling interests) 1,322,333 1,055,410
Changes in assets and liabilities:    
Net cash provided by operating activities 56,013 1,011,277
Cash flows from investing activities:    
Proceeds from sale of investment in unconsolidated entities 0 199,654
Proceeds from sale of Financial Services' businesses 21,517  
Proceeds from sales of real estate owned 0 0
Purchases of commercial mortgage-backed securities bonds   0
Acquisitions, net of cash and restricted cash acquired   22,654
Net cash used in investing activities (78,943) 154,089
Cash flows from financing activities:    
Redemption of senior notes   (89,374)
Conversions and exchanges on convertible senior notes   (59,145)
Common stock:    
Issuances 0 0
Repurchases 0 0
Dividends (1,322,333) (1,120,410)
Net cash used in financing activities (258,482) (1,150,573)
Net decrease in cash and cash equivalents and restricted cash (281,412) 14,793
Cash and cash equivalents and restricted cash at beginning of period 721,603 366,946
Cash and cash equivalents and restricted cash at end of period 440,191 381,739
Guarantor Subsidiaries | Reportable Legal Entities | Homebuilding    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities 4,869 43,756
Guarantor Subsidiaries | Reportable Legal Entities | Lennar Other    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities 7,024 (1,852)
Guarantor Subsidiaries | Reportable Legal Entities | Multifamily    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities 0 0
Guarantor Subsidiaries | Unsecured Revolving Credit Facility | Reportable Legal Entities    
Cash flows from financing activities:    
Net borrowings (repayments) under credit facilities 0 (454,700)
Guarantor Subsidiaries | Warehouse Repurchase Facility | Reportable Legal Entities    
Cash flows from financing activities:    
Net borrowings (repayments) under credit facilities (9) (81)
Non-Guarantor Subsidiaries | Reportable Legal Entities    
Cash flows from operating activities:    
Net earnings (including net earnings (loss) attributable to noncontrolling interests) 106,528 96,307
Changes in assets and liabilities:    
Net cash provided by operating activities 405,485 17,173
Cash flows from investing activities:    
Proceeds from sale of investment in unconsolidated entities 17,790 0
Proceeds from sale of Financial Services' businesses 2,929  
Proceeds from sales of real estate owned 8,560 28,697
Purchases of commercial mortgage-backed securities bonds   (31,068)
Acquisitions, net of cash and restricted cash acquired   39,368
Net cash used in investing activities 41,750 14,540
Cash flows from financing activities:    
Redemption of senior notes   0
Conversions and exchanges on convertible senior notes   0
Common stock:    
Issuances 0 0
Repurchases 0 0
Dividends (110,340) (96,704)
Net cash used in financing activities (445,419) (172,299)
Net decrease in cash and cash equivalents and restricted cash 1,816 (140,586)
Cash and cash equivalents and restricted cash at beginning of period 249,681 388,583
Cash and cash equivalents and restricted cash at end of period 251,497 247,997
Non-Guarantor Subsidiaries | Reportable Legal Entities | Homebuilding    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities (268) (219)
Non-Guarantor Subsidiaries | Reportable Legal Entities | Lennar Other    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities (19,279) (18,277)
Non-Guarantor Subsidiaries | Reportable Legal Entities | Multifamily    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Equity in (earnings) loss from unconsolidated entities (15,446) (15,293)
Non-Guarantor Subsidiaries | Unsecured Revolving Credit Facility | Reportable Legal Entities    
Cash flows from financing activities:    
Net borrowings (repayments) under credit facilities 0 0
Non-Guarantor Subsidiaries | Warehouse Repurchase Facility | Reportable Legal Entities    
Cash flows from financing activities:    
Net borrowings (repayments) under credit facilities $ (423,114) (100,882)
Senior Notes    
Cash flows from financing activities:    
Debt issuance costs   (12,459)
Senior Notes | Consolidating Adjustments    
Cash flows from financing activities:    
Debt issuance costs   0
Senior Notes | Lennar Corporation | Reportable Legal Entities    
Cash flows from financing activities:    
Debt issuance costs   (9,189)
Senior Notes | Guarantor Subsidiaries | Reportable Legal Entities    
Cash flows from financing activities:    
Debt issuance costs   0
Senior Notes | Non-Guarantor Subsidiaries | Reportable Legal Entities    
Cash flows from financing activities:    
Debt issuance costs   $ (3,270)