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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Nov. 30, 2019
Revenues:      
Total revenues $ 27,130,676 $ 22,488,854 $ 22,259,561
Costs and expenses:      
Corporate general and administrative 398,381 333,446 321,188
Contribution Expense 59,825 24,972 19,926
Total costs and expenses 22,052,243 19,373,164 19,798,380
Equity in earnings (loss) from unconsolidated entities 48,993 (22,127) 2,528
Earnings before income taxes 5,819,058 3,123,788 2,434,292
Provision for income taxes (1,362,509) (656,235) (592,173)
Net earnings (including net earnings (loss) attributable to noncontrolling interests) 4,456,549 2,467,553 1,842,119
Less: Net earnings (loss) attributable to noncontrolling interests 26,438 2,517 (6,933)
Net earnings attributable to Lennar 4,430,111 2,465,036 1,849,052
Other comprehensive income (loss), net of tax:      
Net unrealized gain (loss) on securities available-for-sale (536) (851) 1,040
Reclassification adjustments for gains included in net earnings 0 (452) (176)
Total other comprehensive income (loss), net of tax (536) (1,303) 864
Total comprehensive income attributable to Lennar 4,429,575 2,463,733 1,849,916
Total comprehensive income (loss) attributable to noncontrolling interests $ 26,438 $ 2,517 $ (6,933)
Basic earnings per share (in USD per share) $ 14.28 $ 7.88 $ 5.76
Diluted earnings per share (in USD per share) $ 14.27 $ 7.85 $ 5.74
Homebuilding | Operating Segments      
Revenues:      
Total revenues $ 25,545,242 $ 20,981,136 $ 20,793,216
Costs and expenses:      
Costs and expenses 20,502,541 17,961,644 18,245,700
Corporate general and administrative 0 0 0
Contribution Expense 0 0 0
Equity in earnings (loss) from unconsolidated entities (14,205) (836) (13,273)
Other income (expense), net 3,266 (29,749) (31,338)
Earnings before income taxes 5,031,762 2,988,907 2,502,905
Financial Services | Operating Segments      
Revenues:      
Total revenues 898,745 890,311 824,810
Costs and expenses:      
Costs and expenses 407,731 470,777 600,168
Corporate general and administrative 0 0 0
Contribution Expense 0 0 0
Financial Services gain on deconsolidation 0 61,418 0
Earnings before income taxes 491,014 480,952 224,642
Multifamily | Operating Segments      
Revenues:      
Total revenues 665,232 576,328 604,700
Costs and expenses:      
Costs and expenses 652,810 575,581 599,604
Corporate general and administrative 0 0 0
Contribution Expense 0 0 0
Multifamily equity in earnings from unconsolidated entities and other gain 9,031 21,934 11,294
Earnings before income taxes 21,453 22,681 16,390
Lennar Other | Operating Segments      
Revenues:      
Total revenues 21,457 41,079 36,835
Costs and expenses:      
Costs and expenses 30,955 6,744 11,794
Corporate general and administrative 0 0 0
Contribution Expense 0 0 0
Other income (expense), net 680,576 0 0
Lennar Other equity in earnings (loss) from unconsolidated entities and other income (expense), net 61,957 (44,669) 6,428
Earnings before income taxes $ 733,035 $ (10,334) $ 31,469