Condensed Consolidated Balance Sheets - USD ($) $ in Thousands |
May 31, 2025 |
Nov. 30, 2024 |
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Inventories: | ||||||
Total assets | [1] | $ 34,374,546 | $ 41,312,781 | |||
Stockholders' equity: | ||||||
Preferred stock | [2] | 0 | 0 | |||
Additional paid-in capital | [2] | 5,842,732 | 5,729,434 | |||
Retained earnings | [2] | 21,645,991 | 25,753,078 | |||
Treasury stock at cost | [2] | (4,945,458) | (3,649,564) | |||
Accumulated other comprehensive income | [2] | 6,019 | 7,529 | |||
Total stockholders’ equity | [2] | 22,579,080 | 27,870,135 | |||
Noncontrolling interests | [2] | 152,802 | 151,090 | |||
Total equity | [2] | 22,731,882 | 28,021,225 | |||
Total liabilities | [2] | 11,642,664 | 13,291,556 | |||
Total liabilities and equity | [2] | 34,374,546 | 41,312,781 | |||
Common Class A | ||||||
Stockholders' equity: | ||||||
Common stock | [2] | 26,136 | 25,998 | |||
Common Class B | ||||||
Stockholders' equity: | ||||||
Common stock | [2] | 3,660 | 3,660 | |||
Homebuilding | ||||||
ASSETS | ||||||
Cash and cash equivalents | [1] | 1,168,143 | 4,662,643 | |||
Restricted cash | [1] | 23,987 | 11,799 | |||
Receivables, net | [1] | 995,664 | 1,053,211 | |||
Inventories: | ||||||
Finished homes and construction in progress | [1] | 10,104,530 | 10,884,861 | |||
Land and land under development | [1] | 1,270,931 | 4,750,025 | |||
Inventory owned | 11,375,461 | 15,634,886 | ||||
Consolidated inventory not owned | [1] | 2,660,686 | 4,084,665 | |||
Inventory owned and consolidated inventory not owned | [1] | 14,036,147 | 19,719,551 | |||
Deposits and pre-acquisition costs on real estate | 5,265,591 | 3,625,372 | ||||
Investments in unconsolidated entities | [1] | 2,699,981 | 1,344,836 | |||
Goodwill | [1] | 3,442,359 | 3,442,359 | |||
Other assets | [1] | 1,759,645 | 1,734,698 | |||
Total assets | [1] | 29,391,517 | 35,594,469 | |||
LIABILITIES AND EQUITY | ||||||
Accounts payable | [2] | 2,126,002 | 1,839,440 | |||
Liabilities related to consolidated inventory not owned | [2] | 2,317,996 | 3,563,934 | |||
Senior notes and other debts payable, net | [2] | 2,791,987 | 2,258,283 | |||
Other liabilities | [2] | 2,584,497 | 3,201,552 | |||
Stockholders' equity: | ||||||
Total liabilities | [2] | 9,820,482 | 10,863,209 | |||
Lennar Financial Services | ||||||
Inventories: | ||||||
Total assets | [1] | 3,059,237 | 3,516,550 | |||
Stockholders' equity: | ||||||
Total liabilities | [2] | 1,592,386 | 2,140,708 | |||
Multifamily | ||||||
Inventories: | ||||||
Total assets | [1] | 1,133,255 | 1,306,818 | |||
Stockholders' equity: | ||||||
Total liabilities | [2] | 134,922 | 181,883 | |||
Lennar Other | ||||||
Inventories: | ||||||
Total assets | [1] | 790,537 | 894,944 | |||
Stockholders' equity: | ||||||
Total liabilities | [2] | 94,874 | 105,756 | |||
Operating Segments | ||||||
ASSETS | ||||||
Cash and cash equivalents | 1,407,694 | 4,909,664 | ||||
Restricted cash | 71,321 | 80,546 | ||||
Receivables, net | 1,470,743 | 1,652,558 | ||||
Inventories: | ||||||
Inventory owned and consolidated inventory not owned | 14,516,800 | 20,312,430 | ||||
Deposits and pre-acquisition costs on real estate | 5,279,556 | 3,658,015 | ||||
Investments in unconsolidated entities | 3,589,229 | 2,227,574 | ||||
Goodwill | 3,632,058 | 3,632,058 | ||||
Other assets | 2,078,119 | 2,004,215 | ||||
LIABILITIES AND EQUITY | ||||||
Liabilities related to consolidated inventory not owned | 2,317,996 | 3,563,934 | ||||
Senior notes and other debts payable, net | 4,208,125 | 4,189,239 | ||||
Operating Segments | Homebuilding | ||||||
ASSETS | ||||||
Cash and cash equivalents | 1,168,143 | 4,662,643 | ||||
Restricted cash | 23,987 | 11,799 | ||||
Receivables, net | 995,664 | 1,053,211 | ||||
Inventories: | ||||||
Inventory owned and consolidated inventory not owned | 14,036,147 | 19,719,551 | ||||
Deposits and pre-acquisition costs on real estate | 5,265,591 | 3,625,372 | ||||
Investments in unconsolidated entities | 2,699,981 | 1,344,836 | ||||
Goodwill | 3,442,359 | 3,442,359 | ||||
Other assets | 1,759,645 | 1,734,698 | ||||
Total assets | 29,391,517 | 35,594,469 | ||||
LIABILITIES AND EQUITY | ||||||
Liabilities related to consolidated inventory not owned | 2,317,996 | 3,563,934 | ||||
Senior notes and other debts payable, net | 2,791,987 | 2,258,283 | ||||
Stockholders' equity: | ||||||
Total liabilities | 9,820,482 | 10,863,209 | ||||
Operating Segments | Lennar Financial Services | ||||||
ASSETS | ||||||
Cash and cash equivalents | 202,647 | 175,382 | ||||
Restricted cash | 47,334 | 68,747 | ||||
Receivables, net | 440,853 | 545,752 | ||||
Inventories: | ||||||
Inventory owned and consolidated inventory not owned | 0 | 0 | ||||
Deposits and pre-acquisition costs on real estate | 0 | 0 | ||||
Investments in unconsolidated entities | 2,806 | 0 | ||||
Goodwill | 189,699 | 189,699 | ||||
Other assets | 102,129 | 89,637 | ||||
Total assets | 3,059,237 | 3,516,550 | ||||
LIABILITIES AND EQUITY | ||||||
Liabilities related to consolidated inventory not owned | 0 | 0 | ||||
Senior notes and other debts payable, net | 1,416,138 | 1,930,956 | ||||
Stockholders' equity: | ||||||
Total liabilities | 1,592,386 | 2,140,708 | ||||
Operating Segments | Multifamily | ||||||
ASSETS | ||||||
Cash and cash equivalents | 14,211 | 30,948 | ||||
Restricted cash | 0 | 0 | ||||
Receivables, net | 34,226 | 53,595 | ||||
Inventories: | ||||||
Inventory owned and consolidated inventory not owned | 480,653 | 592,879 | ||||
Deposits and pre-acquisition costs on real estate | 13,965 | 32,643 | ||||
Investments in unconsolidated entities | 518,453 | 503,303 | ||||
Goodwill | 0 | 0 | ||||
Other assets | 71,747 | 93,450 | ||||
Total assets | 1,133,255 | 1,306,818 | ||||
LIABILITIES AND EQUITY | ||||||
Liabilities related to consolidated inventory not owned | 0 | 0 | ||||
Senior notes and other debts payable, net | 0 | 0 | ||||
Stockholders' equity: | ||||||
Total liabilities | 134,922 | 181,883 | ||||
Operating Segments | Lennar Other | ||||||
ASSETS | ||||||
Cash and cash equivalents | 22,693 | 40,691 | ||||
Restricted cash | 0 | 0 | ||||
Receivables, net | 0 | 0 | ||||
Inventories: | ||||||
Inventory owned and consolidated inventory not owned | 0 | 0 | ||||
Deposits and pre-acquisition costs on real estate | 0 | 0 | ||||
Investments in unconsolidated entities | 367,989 | 379,435 | ||||
Goodwill | 0 | 0 | ||||
Other assets | 144,598 | 86,430 | ||||
Total assets | 790,537 | 894,944 | ||||
LIABILITIES AND EQUITY | ||||||
Liabilities related to consolidated inventory not owned | 0 | 0 | ||||
Senior notes and other debts payable, net | 0 | 0 | ||||
Stockholders' equity: | ||||||
Total liabilities | $ 94,874 | $ 105,756 | ||||
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- Definition Deposits And Pre-Acquisition Costs No definition available.
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- Definition Inventory, Homes under Construction and Finished Homes No definition available.
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- Definition Inventory Owned No definition available.
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- Definition Liabilities for Land Under Purchase Options, Recorded No definition available.
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- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of excess of issue price over par or stated value of stock and from other transaction involving stock or stockholder. Includes, but is not limited to, additional paid-in capital (APIC) for common and preferred stock. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net carrying amount as of the balance sheet date of the sum of the various components of an operative builder's inventory, including finished homes. Operative builders primarily consist of entities that develop land, construct residential homes and commercial and industrial buildings thereon, and sell them to home buyers and operators of the commercial and industrial properties. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Carrying amount as of the balance sheet date, net of valuation allowances and impairment losses, of costs of land expected to be developed in the near term plus capitalized costs of development, for purposes of selling completed units to home buyers or commercial or industrial entities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The carrying amount as of the balance sheet date of land not owned but under a contract in which the entity has an option to purchase the land. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of equity (deficit) attributable to noncontrolling interest. Excludes temporary equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of assets classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of liabilities classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash and cash equivalents restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of accumulated undistributed earnings (deficit). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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