Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		May 31, 2020	Nov. 30, 2019
ASSETS
Cash and cash equivalents		$ 1,641,921	$ 1,445,996
Restricted cash		14,961	22,695
Receivables, net		981,297	906,877
Inventories:
Total inventories		18,275,903	18,091,614
Investments in unconsolidated entities		2,045,458	1,973,913
Goodwill		3,632,058	3,657,875
Other assets		1,264,236	1,245,391
Total assets	[1]	29,309,025	29,359,511
LIABILITIES AND EQUITY
Other liabilities		3,739,019	3,751,985
Total liabilities	[2]	12,676,401	13,325,681
Stockholders' equity:
Preferred stock	[2]	0	0
Additional paid-in capital		8,630,442	8,578,219	[2]
Retained earnings	[2]	9,132,714	8,295,001
Treasury stock, at cost; May 31, 2020 - 23,418,940 shares of Class A common stock and 1,819,921 shares of Class B common stock; November 30, 2019 - 18,964,973 shares of Class A common stock and 1,704,630 shares of Class B common stock	[2]	(1,253,863)	(957,857)
Accumulated other comprehensive income (loss)	[2]	(338)	498
Total stockholders’ equity	[2]	16,542,703	15,949,517
Noncontrolling interests		89,921	84,313	[2]
Total equity	[2]	16,632,624	16,033,830
Total liabilities and equity	[2]	29,309,025	29,359,511
Class A Common Stock
Stockholders' equity:
Common stock		$ 29,804	$ 29,712	[2]
Common stock, shares authorized		400,000,000	400,000,000
Class B Common Stock
Stockholders' equity:
Common stock	[2]	$ 3,944	$ 3,944
Common stock, shares authorized		90,000,000	90,000,000
Homebuilding
ASSETS
Cash and cash equivalents	[1]	$ 1,398,682	$ 1,200,832
Restricted cash	[1]	9,569	9,698
Receivables, net	[1]	299,494	329,124
Inventories:
Finished homes and construction in progress	[1]	9,609,146	9,195,721
Land and land under development	[1]	7,938,451	8,267,647
Consolidated inventory not owned	[1]	399,809	313,139
Total inventories	[1]	17,947,406	17,776,507
Investments in unconsolidated entities	[1]	973,044	1,009,035
Goodwill	[1]	3,442,359	3,442,359
Other assets	[1]	1,080,186	1,021,684
Total assets	[1]	25,150,740	24,789,239
LIABILITIES AND EQUITY
Accounts payable	[2]	1,033,558	1,069,179
Liabilities related to consolidated inventory not owned	[2]	344,074	260,266
Senior notes and other debts payable, net	[2]	7,495,674	7,776,638
Other liabilities	[2]	1,900,970	1,900,955
Total liabilities	[2]	10,774,276	11,007,038
Financial Services
Inventories:
Total assets	[1]	2,577,805	3,006,024
LIABILITIES AND EQUITY
Total liabilities		1,663,548	2,056,450	[2]
Multifamily
Inventories:
Total assets	[1]	1,127,929	1,068,831
LIABILITIES AND EQUITY
Total liabilities		222,387	232,155	[2]
Lennar Other
Inventories:
Total assets	[1]	452,551	495,417
LIABILITIES AND EQUITY
Total liabilities		$ 16,190	$ 30,038	[2]

[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 May 31, 2020, total assets include $873.0 million related to consolidated VIEs of which $9.1 million is included in Homebuilding cash and cash equivalents, $0.2 million in Homebuilding receivables, net, $110.6 million in Homebuilding finished homes and construction in progress, $308.4 million in Homebuilding land and land under development, $391.6 million in Homebuilding consolidated inventory not owned, $2.0 million in Homebuilding investments in unconsolidated entities, $8.0 million in Homebuilding other assets and $43.3 million in Multifamily assets. 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.

[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 VIEs and liabilities of consolidated VIEs as to which neither Lennar Corporation, or any of its subsidiaries, has any obligations. As of May 31, 2020, total liabilities include $450.4 million related to consolidated VIEs as to which there was no recourse against the Company, of which $20.9 million is included in Homebuilding accounts payable, $335.5 million in Homebuilding liabilities related to consolidated inventory not owned, $74.5 million in Homebuilding senior notes and other debts payable, $8.6 million in Homebuilding other liabilities and $11.0 million in Multifamily liabilities. 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 debt payable, $8.9 million in Homebuilding other liabilities, $231.1 million in Financial Services liabilities and $1.4 million in Multifamily liabilities.