Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Feb. 28, 2022
Nov. 30, 2021
Total assets [1] $ 32,635,252 $ 33,207,778
Total liabilities [2] $ 11,787,820 $ 12,211,496
Common Class A    
Common stock, par value (in dollars per share) $ 0.10 $ 0.10
Common stock, shares authorized 400,000,000 400,000,000
Common stock, shares issued 302,427,896 300,500,075
Treasury stock, shares 43,806,845 38,586,961
Common Class B    
Common stock, par value (in dollars per share) $ 0.10 $ 0.10
Common stock, shares authorized 90,000,000 90,000,000
Common stock, shares issued 39,443,168 39,443,168
Treasury stock, shares 2,574,016 1,922,016
Homebuilding    
Total assets [1] $ 28,092,486 $ 27,467,819
Cash and cash equivalents [1] 1,366,597 2,735,213
Restricted cash [1] 27,025 21,927
Receivables, net [1] 456,185 490,278
Finished homes and construction in progress [1] 11,587,394 10,446,139
Land and land under development [1] 7,758,804 7,108,142
Consolidated inventory not owned [1] 1,246,504 1,161,023
Investments in unconsolidated entities [1] 1,066,256 972,084
Other assets [1] 1,141,362 1,090,654
Total liabilities [2] 10,021,771 9,870,242
Accounts payable [2] 1,321,148 1,321,247
Liabilities related to consolidated inventory not owned [2] 1,038,561 976,602
Senior notes and other debts payable, net [2] 4,639,222 4,652,338
Other liabilities [2] 3,022,840 2,920,055
Multifamily    
Total assets [1] 1,250,570 1,311,747
Total liabilities [2] 311,775 288,930
Variable Interest Entity, Primary Beneficiary    
Total assets 1,100,000 1,100,000
Total liabilities 236,400 258,500
Variable Interest Entity, Primary Beneficiary | Homebuilding    
Cash and cash equivalents 66,900 60,900
Receivables, net 300 4,400
Finished homes and construction in progress   14,300
Land and land under development 703,400 697,100
Consolidated inventory not owned 218,300 239,200
Investments in unconsolidated entities 1,100 1,100
Other assets 22,100 17,400
Accounts payable 23,800 26,600
Liabilities related to consolidated inventory not owned 182,700 196,600
Senior notes and other debts payable, net 18,400 20,100
Other liabilities 7,800 12,300
Variable Interest Entity, Primary Beneficiary | Multifamily    
Total assets 59,400 80,600
Total liabilities $ 3,800 $ 2,800
[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, nor any of its subsidiaries, has any obligations.
As of February 28, 2022, total assets include $1.1 billion related to consolidated VIEs of which $66.9 million is included in Homebuilding cash and cash equivalents, $0.3 million in Homebuilding receivables, net, $703.4 million in Homebuilding land and land under development, $218.3 million in Homebuilding consolidated inventory not owned, $1.1 million in Homebuilding investments in unconsolidated entities, $22.1 million in Homebuilding other assets and $59.4 million in Multifamily 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 February 28, 2022, total liabilities include $236.4 million related to consolidated VIEs as to which there was no recourse against the Company, of which $23.8 million is included in Homebuilding accounts payable, $182.7 million in Homebuilding liabilities related to consolidated inventory not owned, $18.4 million in Homebuilding senior notes and other debts payable, $7.8 million in Homebuilding other liabilities and $3.8 million in Multifamily 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 debt payable, $12.3 million in Homebuilding other liabilities and $2.8 million in Multifamily liabilities.