CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Nov. 30, 2022		Nov. 30, 2021
Inventories:
Total assets	[1]	$ 37,984,295		$ 33,207,778
Stockholders’ equity:
Preferred stock	[2]	0		0
Additional paid-in capital	[2]	5,417,796		8,807,891
Retained earnings	[2]	18,861,417		14,685,329
Treasury stock, at cost; 2022 - 2,455,387 shares of Class A common stock and 419,860 shares of Class B common stock; 2021 - 38,586,961 shares of Class A common stock and 1,922,016 shares of Class B common stock	[2]	(210,389)		(2,709,448)
Accumulated other comprehensive income (loss)	[2]	2,408		(1,341)
Total stockholders’ equity	[2]	24,100,500		20,816,425
Noncontrolling interests	[2]	139,867		179,857
Total equity	[2]	24,240,367		20,996,282
Total liabilities	[2]	13,743,928		12,211,496
Total liabilities and equity	[2]	37,984,295		33,207,778
Class A Common Stock
Stockholders’ equity:
Common stock	[2]	25,608		30,050
Class B Common Stock
Stockholders’ equity:
Common stock	[2]	3,660		3,944
Homebuilding
ASSETS
Cash and cash equivalents	[1]	4,616,124		2,735,213
Restricted cash	[1]	23,046		21,927
Receivables, net	[1]	673,980		490,278
Inventories:
Finished homes and construction in progress	[1]	11,718,507		10,446,139
Land and land under development	[1]	7,382,273		7,108,142
Consolidated inventory not owned	[1]	2,331,231		1,161,023
Total inventories	[1]	21,432,011		18,715,304
Investments in unconsolidated entities	[1]	1,173,164		972,084
Goodwill		3,442,359	[1]	3,442,359
Other assets	[1]	1,323,478		1,090,654
Total assets	[1]	32,684,162		27,467,819
LIABILITIES AND EQUITY
Accounts payable	[2]	1,616,128		1,321,247
Liabilities related to consolidated inventory not owned	[2]	1,967,551		976,602
Senior notes and other debts payable, net	[2]	4,047,294		4,652,338
Other liabilities	[2]	3,347,673		2,920,055
Stockholders’ equity:
Total liabilities	[2]	10,978,646		9,870,242
Financial Services
Inventories:
Total assets	[1]	3,254,257		2,964,367
Stockholders’ equity:
Total liabilities	[2]	2,353,904		1,906,343
Multifamily
Inventories:
Total assets	[1]	1,257,337		1,311,747
Stockholders’ equity:
Total liabilities	[2]	313,484		288,930
Lennar Other
Inventories:
Total assets	[1]	788,539		1,463,845
Stockholders’ equity:
Total liabilities	[2]	$ 97,894		$ 145,981

[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, 2022, total assets include $1.4 billion related to consolidated VIEs of which $56.9 million is included in Homebuilding cash and cash equivalents, $0.3 million in Homebuilding receivables, net, $29.4 million in Homebuilding finished homes and construction in progress, $736.5 million in Homebuilding land and land under development, $533.8 million in Homebuilding consolidated inventory not owned, $1.0 million in Homebuilding investments in unconsolidated entities, $23.0 million in Homebuilding other assets, $33.2 million in Multifamily assets and $9.0 million in Lennar Other assets. As of November 30, 2021, total assets include $1.1 billion related to consolidated VIEs of which $60.9 million is included in Homebuilding cash and cash equivalents, $4.4 million in Homebuilding receivables, net, $14.3 million in Homebuilding finished homes and construction in progress, $697.1 million in Homebuilding land and land under development, $239.2 million in Homebuilding consolidated inventory not owned, $1.1 million in Homebuilding investments in unconsolidated entities, $17.4 million in Homebuilding other assets and $80.6 million in Multifamily assets.

[2] As of November 30, 2022, total liabilities include $620.4 million related to consolidated VIEs as to which there was no recourse against the Company, of which $66.9 million is included in Homebuilding accounts payable, $510.9 million in Homebuilding liabilities related to consolidated inventory not owned, $29.4 million in Homebuilding senior notes and other debts payable, $7.2 million in Homebuilding other liabilities, $3.8 million in Multifamily liabilities and $2.2 million in Lennar Other liabilities.As of November 30, 2021, total liabilities include $258.5 million related to consolidated VIEs as to which there was no recourse against the Company, of which $26.6 million is included in Homebuilding accounts payable, $196.6 million in Homebuilding liabilities related to consolidated inventory not owned, $20.1 million in Homebuilding senior notes and other debts payable, $12.3 million in Homebuilding other liabilities and $2.8 million in Multifamily liabilities.