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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Class A Common Stock
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Retained Earnings
Retained Earnings
Class A Common Stock
Retained Earnings
Class B Common Stock
Treasury Stock
Accumulated Comprehensive Other Income (Loss)
Total Stockholders' Equity
Noncontrolling Interests
Beginning balance at Nov. 30, 2020       $ 29,894 $ 3,944 $ 8,676,056 $ 10,564,994     $ (1,279,227) $ (805)   $ 104,545
Statement of Equity [Roll Forward]                          
Employee stock and director plans       156   1,207       (64,662)      
Retirement of treasury stock       0 0 0       0      
Amortization of restricted stock           135,090              
Premium paid for purchase of noncontrolling interests           0              
Net earnings (including net earnings attributable to noncontrolling interests) $ 4,456,549           4,430,111           26,438
Cash dividends               $ (272,162) $ (37,614)        
Purchases of treasury stock                   (1,365,559)      
Total other comprehensive income (loss), net of tax                     (536)    
Receipts related to noncontrolling interests                         69,675
Payments related to noncontrolling interests                         (24,605)
Non-cash consolidations/deconsolidations, net                         0
Non-cash purchase or activity of noncontrolling interests, net           (4,462)             3,804
Ending balance at Nov. 30, 2021 20,996,282     30,050 3,944 8,807,891 14,685,329     (2,709,448) (1,341) $ 20,816,425 179,857
Statement of Equity [Roll Forward]                          
Employee stock and director plans       225   904       (71,695)      
Retirement of treasury stock       (4,667) (284) (3,533,425)       (3,538,376)      
Amortization of restricted stock           184,086              
Premium paid for purchase of noncontrolling interests           (37,342)              
Net earnings (including net earnings attributable to noncontrolling interests) 4,648,501           4,614,125           34,376
Cash dividends               (383,047) (54,990)        
Purchases of treasury stock   $ (868,788) $ (98,613)             (967,622)      
Total other comprehensive income (loss), net of tax                     3,749    
Receipts related to noncontrolling interests                         41,816
Payments related to noncontrolling interests                         (91,329)
Non-cash consolidations/deconsolidations, net                         (55,240)
Non-cash purchase or activity of noncontrolling interests, net           (4,318)             30,387
Ending balance at Nov. 30, 2022 24,240,367 [1]     25,608 3,660 5,417,796 18,861,417     (210,389) 2,408 24,100,500 139,867
Statement of Equity [Roll Forward]                          
Employee stock and director plans       240   1,089       (72,562)      
Retirement of treasury stock       0 0 0       0      
Amortization of restricted stock           160,720              
Premium paid for purchase of noncontrolling interests           0              
Net earnings (including net earnings attributable to noncontrolling interests) 3,961,291           3,938,511           22,780
Cash dividends               $ (378,080) $ (52,480)        
Purchases of treasury stock   $ (851,502) $ (248,835)             (1,110,149)      
Total other comprehensive income (loss), net of tax                     2,471    
Receipts related to noncontrolling interests                         21,149
Payments related to noncontrolling interests                         (71,272)
Non-cash consolidations/deconsolidations, net                         0
Non-cash purchase or activity of noncontrolling interests, net           (9,596)             8,778
Ending balance at Nov. 30, 2023 $ 26,701,966 [1]     $ 25,848 $ 3,660 $ 5,570,009 $ 22,369,368     $ (1,393,100) $ 4,879 $ 26,580,664 $ 121,302
[1] As of November 30, 2023, total liabilities include $1.2 billion related to consolidated VIEs as to which there was no recourse against the Company, of which $53.7 million is included in Homebuilding accounts payable, $1.1 billion in Homebuilding liabilities related to consolidated inventory not owned, $38.1 million in Homebuilding other liabilities and $4.1 million in Multifamily liabilities.
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.