Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands |
3 Months Ended |
Feb. 28, 2022 |
Feb. 28, 2021 |
| Revenues [Abstract] |
|
|
| Revenues |
$ 6,203,516
|
$ 5,325,468
|
| Cost and expenses: |
|
|
| Corporate general and administrative |
113,661
|
110,531
|
| Charitable foundation contribution |
12,538
|
12,314
|
| Total costs and expenses |
5,123,151
|
4,474,294
|
| Homebuilding equity in loss from unconsolidated entities |
(9,752)
|
(7,897)
|
| Earnings (loss) before income taxes |
676,735
|
1,327,014
|
| Provision for income taxes |
(167,420)
|
(310,105)
|
| Net earnings (including net earnings attributable to noncontrolling interests) |
509,315
|
1,016,909
|
| Less: Net earnings attributable to noncontrolling interests |
5,734
|
15,540
|
| Net earnings attributable to Lennar |
503,581
|
1,001,369
|
| Other comprehensive income (loss), net of tax: |
|
|
| Net unrealized gain (loss) on securities available-for-sale |
742
|
(942)
|
| Reclassification adjustments for gain included in earnings, net of tax |
2,285
|
0
|
| Total other comprehensive income (loss), net of tax |
3,027
|
(942)
|
| Total comprehensive income attributable to Lennar |
506,608
|
1,000,427
|
| Total comprehensive income attributable to noncontrolling interests |
$ 5,734
|
$ 15,540
|
| Basic earnings per share (in dollars per share) |
$ 1.70
|
$ 3.20
|
| Diluted earnings per share (in dollars per share) |
$ 1.69
|
$ 3.20
|
| Homebuilding |
|
|
| Revenues [Abstract] |
|
|
| Revenues |
$ 5,752,205
|
$ 4,943,056
|
| Lennar Other |
|
|
| Cost and expenses: |
|
|
| Lennar Other unrealized gain (loss) from technology investments |
(395,170)
|
469,745
|
| Operating Segments | Homebuilding |
|
|
| Revenues [Abstract] |
|
|
| Revenues |
5,752,205
|
4,943,056
|
| Cost and expenses: |
|
|
| Cost and expenses |
4,641,898
|
4,118,286
|
| Corporate general and administrative |
0
|
0
|
| Charitable foundation contribution |
0
|
0
|
| Homebuilding equity in loss from unconsolidated entities |
(286)
|
(4,565)
|
| Homebuilding other income (expense), net |
(171)
|
12,975
|
| Earnings (loss) before income taxes |
1,109,850
|
833,180
|
| Operating Segments | Financial Services |
|
|
| Revenues [Abstract] |
|
|
| Revenues |
176,701
|
244,069
|
| Cost and expenses: |
|
|
| Cost and expenses |
85,910
|
97,862
|
| Corporate general and administrative |
0
|
0
|
| Charitable foundation contribution |
0
|
0
|
| Earnings (loss) before income taxes |
90,791
|
146,207
|
| Operating Segments | Multifamily |
|
|
| Revenues [Abstract] |
|
|
| Revenues |
267,359
|
131,443
|
| Cost and expenses: |
|
|
| Cost and expenses |
263,737
|
131,049
|
| Corporate general and administrative |
0
|
0
|
| Charitable foundation contribution |
0
|
0
|
| Multifamily equity in earnings (loss) from unconsolidated entities and other gain |
1,805
|
(1,268)
|
| Earnings (loss) before income taxes |
5,427
|
(874)
|
| Operating Segments | Lennar Other |
|
|
| Revenues [Abstract] |
|
|
| Revenues |
7,251
|
6,900
|
| Cost and expenses: |
|
|
| Cost and expenses |
5,407
|
4,252
|
| Corporate general and administrative |
0
|
0
|
| Charitable foundation contribution |
0
|
0
|
| Lennar Other unrealized gain (loss) from technology investments |
(395,170)
|
469,745
|
| Lennar Other equity in loss from unconsolidated entities and other expense, net, and other gain |
(9,808)
|
(1,047)
|
| Earnings (loss) before income taxes |
(403,134)
|
471,346
|
| Corporate and Unallocated |
|
|
| Revenues [Abstract] |
|
|
| Revenues |
0
|
0
|
| Cost and expenses: |
|
|
| Corporate general and administrative |
113,661
|
110,531
|
| Charitable foundation contribution |
12,538
|
12,314
|
| Earnings (loss) before income taxes |
$ (126,199)
|
$ (122,845)
|