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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Nov. 30, 2021
Nov. 30, 2020
Total assets [1] $ 33,207,778 $ 29,935,177
Investments in unconsolidated entities 1,972,383 2,064,921
Operating properties and equipment, net 339,906 411,518
Total liabilities [2] 12,211,496 11,835,776
Variable Interest Entity, Primary Beneficiary    
Total assets 1,100,000 1,100,000
Total liabilities $ 258,500 $ 528,500
Class A Common Stock    
Common stock, par value (in USD per share) $ 0.10 $ 0.10
Common stock, shares authorized (in shares) 400,000,000 400,000,000
Common stock, shares issued (in shares) 300,500,075 298,942,836
Treasury stock, shares (in shares) 38,586,961 23,864,589
Class B Common Stock    
Common stock, par value (in USD per share) $ 0.10 $ 0.10
Common stock, shares authorized (in shares) 90,000,000 90,000,000
Common stock, shares issued (in shares) 39,443,168 39,443,168
Treasury stock, shares (in shares) 1,922,016 1,822,016
Homebuilding    
Total assets [1] $ 27,467,819 $ 25,529,425
Cash and cash equivalents [1] 2,735,213 2,703,986
Receivables, net [1] 490,278 298,671
Finished homes and construction in progress [1] 10,446,139 8,593,399
Land and land under development [1] 7,108,142 7,495,262
Consolidated inventory not owned [1] 1,161,023 836,567
Investments in unconsolidated entities [1] 972,084 953,177
Other assets [1] 1,090,654 1,190,793
Total liabilities [2] 9,870,242 9,925,651
Accounts payable [2] 1,321,247 1,037,338
Senior notes and other debts payable, net [2] 4,652,338 5,955,758
Liabilities related to consolidated inventory not owned [2] 976,602 706,691
Other liabilities [2] 2,920,055 2,225,864
Homebuilding | Variable Interest Entity, Primary Beneficiary    
Cash and cash equivalents 60,900 32,100
Receivables, net 4,400 100
Finished homes and construction in progress 14,300 14,200
Land and land under development 697,100 486,800
Consolidated inventory not owned 239,200 426,300
Investments in unconsolidated entities 1,100 1,600
Other assets 17,400 120,600
Accounts payable 26,600 28,400
Senior notes and other debts payable, net 20,100 129,100
Liabilities related to consolidated inventory not owned 196,600 351,400
Other liabilities 12,300 9,900
Lennar Other    
Total assets [1] 1,463,845 521,726
Cash and cash equivalents 2,660 3,918
Investments in unconsolidated entities 346,270 387,097
Total liabilities [2] 145,981 12,966
Multifamily    
Total assets [1] 1,311,747 1,175,908
Cash and cash equivalents 16,850 38,963
Investments in unconsolidated entities 654,029 724,647
Total liabilities [2] 288,930 252,911
Multifamily | Variable Interest Entity, Primary Beneficiary    
Total assets 80,600 39,900
Total liabilities 2,800 9,800
Financial Services    
Total assets [1] 2,964,367 2,708,118
Cash and cash equivalents 167,021 116,171
Total liabilities [2] $ 1,906,343 $ 1,644,248
[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, 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.
As of November 30, 2020, total assets include $1.1 billion related to consolidated VIEs of which $32.1 million is included in Homebuilding cash and cash equivalents, $0.1 million in Homebuilding receivables, net, $14.2 million in Homebuilding finished homes and construction in progress, $486.8 million in Homebuilding land and land under development, $426.3 million in Homebuilding consolidated inventory not owned, $1.6 million in Homebuilding investments in unconsolidated entities, $120.6 million in Homebuilding other assets and $39.9 million in Multifamily assets.
[2] 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.As of November 30, 2020, total liabilities include $528.5 million related to consolidated VIEs as to which there was no recourse against the Company, of which $28.4 million is included in Homebuilding accounts payable, $351.4 million in Homebuilding liabilities related to consolidated inventory not owned, $129.1 million in Homebuilding senior notes and other debts payable, $9.9 million in Homebuilding other liabilities and $9.8 million in Multifamily liabilities.