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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Nov. 30, 2019
Aug. 31, 2019
May 31, 2019
Feb. 28, 2019
Nov. 30, 2018
Aug. 31, 2018
May 31, 2018
Feb. 28, 2018
Nov. 30, 2019
Nov. 30, 2018
Nov. 30, 2017
Revenues:                      
Total revenues $ 6,971,531 $ 5,857,058 $ 5,562,890 $ 3,868,082 $ 6,459,210 $ 5,672,569 $ 5,459,061 $ 2,980,791 $ 22,259,561 $ 20,571,631 $ 12,646,365
Costs and expenses:                      
Acquisition and integration costs related to CalAtlantic                 0 152,980 0
Corporate general and administrative                 341,114 343,934 285,889
Total costs and expenses                 19,798,380 18,734,360 11,307,370
Equity in earnings (loss) from unconsolidated entities                 2,528 (30,518) 49,478
Gain on sale of Rialto investment and asset management platform                   296,407  
Earnings (loss) before income taxes 888,686 667,083 559,399 319,124 1,036,528 565,918 390,810 269,428 2,434,292 2,262,684 1,189,611
Provision for income taxes                 (592,173) (545,171) (417,857)
Net earnings (including net earnings (loss) attributable to noncontrolling interests)                 1,842,119 1,717,513 771,754
Less: Net earnings (loss) attributable to noncontrolling interests                 (6,933) 21,682 (38,726)
Net earnings attributable to Lennar $ 674,304 $ 513,366 $ 421,472 $ 239,910 $ 796,148 $ 453,211 $ 310,257 $ 136,215 1,849,052 1,695,831 810,480
Other comprehensive income (loss), net of tax:                      
Net unrealized gain (loss) on securities available-for-sale                 1,040 (1,634) 1,331
Reclassification adjustments for (gains) loss included in net earnings                 (176) 234 12
Total other comprehensive income (loss), net of tax                 864 (1,400) 1,343
Total comprehensive income attributable to Lennar                 1,849,916 1,694,431 811,823
Total comprehensive income (loss) attributable to noncontrolling interests                 $ (6,933) $ 21,682 $ (38,726)
Basic earnings per share (in USD per share) $ 2.13 $ 1.60 $ 1.31 $ 0.74 $ 2.42 $ 1.37 $ 0.95 $ 0.53 $ 5.76 $ 5.46 $ 3.38
Diluted earnings per share (in USD per share) $ 2.13 $ 1.59 $ 1.30 $ 0.74 $ 2.42 $ 1.37 $ 0.94 $ 0.53 $ 5.74 $ 5.44 $ 3.38
Homebuilding                      
Revenues:                      
Total revenues                 $ 20,793,216 $ 19,077,597 $ 11,188,876
Costs and expenses:                      
Costs and expenses                 18,245,700 16,936,803 9,743,148
Equity in earnings (loss) from unconsolidated entities                 (13,273) (90,209) (63,637)
Other income (expense), net                 (31,338) 203,902 23,245
Lennar Homebuilding loss due to litigation                 0 0 (140,000)
Financial Services                      
Revenues:                      
Total revenues                 824,810 954,631 891,957
Costs and expenses:                      
Costs and expenses                 600,168 754,915 696,650
Lennar Other                      
Revenues:                      
Total revenues                 36,835 118,271 170,761
Costs and expenses:                      
Costs and expenses                 11,794 115,969 174,605
Equity in earnings (loss) from unconsolidated entities                 15,372 24,110 27,376
Other income (expense), net                 (8,944) (60,119) (82,107)
Gain on sale of Rialto investment and asset management platform                 0 296,407 0
Multifamily                      
Revenues:                      
Total revenues                 604,700 421,132 394,771
Costs and expenses:                      
Costs and expenses                 599,604 429,759 407,078
Equity in earnings (loss) from unconsolidated entities                 $ 11,294 $ 51,322 $ 85,739