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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Nov. 30, 2019
Nov. 30, 2018
Total assets [1] $ 29,359,511 $ 28,566,181
Total liabilities [2] $ 13,325,681 $ 13,883,224
Class A Common Stock    
Common stock, par value (in USD per share) $ 0.10 $ 0.10
Common stock, shares authorized (in shares) 400,000,000 400,000,000
Common stock, shares issued (in shares) 297,119,153 294,992,562
Treasury stock, shares (in shares) 18,964,973 8,498,203
Class B Common Stock    
Common stock, par value (in USD per share) $ 0.10 $ 0.10
Common stock, shares authorized (in shares) 90,000,000 90,000,000
Common stock, shares issued (in shares) 39,443,064 39,442,219
Treasury stock, shares (in shares) 1,704,630 1,698,424
Homebuilding    
Total assets [1] $ 24,789,239 $ 24,324,093
Cash and cash equivalents [1] 1,200,832 1,337,807
Receivables, net [1] 329,124 236,841
Finished homes and construction in progress [1] 9,195,721 8,681,357
Land and land under development [1] 8,267,647 8,178,388
Consolidated inventory not owned [1] 313,139 208,959
Investments in unconsolidated entities [1] 1,009,035 870,201
Other assets [1] 1,021,684 1,355,782
Total liabilities [2] 11,007,038 11,776,898
Accounts payable [2] 1,069,179 1,154,782
Senior notes and other debts payable, net [2] 7,776,638 8,543,868
Liabilities related to consolidated inventory not owned [2] 260,266 175,590
Other liabilities [2] 1,900,955 1,902,658
Lennar Other    
Total assets [1] 495,417 588,959
Lennar Other    
Total assets 495,417 588,959
Cash and cash equivalents 2,340 24,334
Investments in unconsolidated entities 403,688 424,104
Other assets 32,264 47,740
Total liabilities [2] 30,038 67,508
Other liabilities 14,860 53,020
Multifamily    
Total assets [1] 1,068,831 874,219
Cash and cash equivalents 8,711 7,832
Receivables, net 76,906 73,829
Land and land under development 315,107 277,894
Investments in unconsolidated entities 561,190 481,129
Other assets 58,711 33,535
Total liabilities [2] 232,155 170,616
Variable Interest Entity, Primary Beneficiary    
Total assets 980,200 666,200
Total liabilities 549,700 242,500
Variable Interest Entity, Primary Beneficiary | Homebuilding    
Cash and cash equivalents 15,500 57,600
Receivables, net 200 200
Finished homes and construction in progress 97,500 81,700
Land and land under development 283,200 293,100
Consolidated inventory not owned 301,000 209,000
Investments in unconsolidated entities 2,500 3,800
Other assets 10,000 10,500
Accounts payable 13,700 11,400
Senior notes and other debts payable, net 47,100 51,900
Liabilities related to consolidated inventory not owned 247,500 175,600
Other liabilities   2,600
Variable Interest Entity, Primary Beneficiary | Lennar Other    
Other liabilities 8,900  
Variable Interest Entity, Primary Beneficiary | Lennar Other    
Other assets   10,300
Other liabilities   $ 1,000
Variable Interest Entity, Primary Beneficiary | Multifamily    
Total assets 49,100  
Total liabilities $ 1,400  
[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, 2019, total assets include $980.2 million related to consolidated VIEs of which $15.5 million is included in Homebuilding cash and cash equivalents, $0.2 million in Homebuilding receivables, net, $97.5 million in Homebuilding finished homes and construction in progress, $283.2 million in Homebuilding land and land under development, $301.0 million in Homebuilding consolidated inventory not owned, $2.5 million in Homebuilding investments in unconsolidated entities, $10.0 million in Homebuilding other assets, $221.2 million in Financial Services assets and $49.1 million in Multifamily assets.
As of November 30, 2018, total assets include $666.2 million related to consolidated VIEs of which $57.6 million is included in Homebuilding cash and cash equivalents, $0.2 million in Homebuilding receivables, net, $81.7 million in Homebuilding finished homes and construction in progress, $293.1 million in Homebuilding land and land under development, $209.0 million in Homebuilding consolidated inventory not owned, $3.8 million in Homebuilding investments in unconsolidated entities, $10.5 million in Homebuilding other assets and $10.3 million in Lennar Other assets.
[2]
As of November 30, 2019, total liabilities include $549.7 million related to consolidated VIEs as to which there was no recourse against the Company, of which $13.7 million is included in Homebuilding accounts payable, $247.5 million in Homebuilding liabilities related to consolidated inventory not owned, $47.1 million in Homebuilding senior notes and other debts payable, $8.9 million in Homebuilding other liabilities, $231.1 million in Financial Services liabilities and $1.4 million in Multifamily liabilities.
As of November 30, 2018, total liabilities include $242.5 million related to consolidated VIEs as to which there was no recourse against the Company, of which $11.4 million is included in Homebuilding accounts payable, $175.6 million in Homebuilding liabilities related to consolidated inventory not owned, $51.9 million in Homebuilding senior notes and other debts payable, $2.6 million in Homebuilding other liabilities and $1.0 million in Lennar Other liabilities.