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Supplemental Guarantor Information (Tables)

3 Months Ended

Feb. 29, 2012

Supplemental Guarantor Information [Abstract]

Condensed Consolidated Statements of Operations


		KB Home Corporate				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Consolidating Adjustments				Total
Revenues		$	—			$	146,489			$	108,069			$	—			$	254,558

Homebuilding:
Revenues		$	—			$	146,489			$	105,406			$	—			$	251,895
Construction and land costs			—				(134,982	)			(92,376	)			—				(227,358	)
Selling, general and administrative expenses			(14,000	)			(21,172	)			(20,514	)			—				(55,686	)

Operating loss			(14,000	)			(9,665	)			(7,484	)			—				(31,149	)
Interest income			125				1				9				—				135
Interest expense			14,120				(23,882	)			(6,524	)			—				(16,286	)
Equity in loss of unconsolidated joint ventures			—				(51	)			(21	)			—				(72	)

Homebuilding pretax income (loss)			245				(33,597	)			(14,020	)			—				(47,372	)
Financial services pretax income			—				—				1,970				—				1,970

Total pretax income (loss)			245				(33,597	)			(12,050	)			—				(45,402	)
Income tax expense			—				(300	)			(100	)			—				(400	)
Equity in net loss of subsidiaries			(46,047	)			—				—				46,047				—

Net loss		$	(45,802	)		$	(33,897	)		$	(12,150	)		$	46,047			$	(45,802	)


Three Months Ended February 28, 2011 (in thousands)

		KB Home Corporate				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Consolidating Adjustments				Total
Revenues		$	—			$	49,207			$	147,733			$	—			$	196,940

Homebuilding:
Revenues		$	—			$	49,207			$	146,094			$	—			$	195,301
Construction and land costs			—				(46,577	)			(124,219	)			—				(170,796	)
Selling, general and administrative expenses			(18,670	)			1,125				(32,060	)			—				(49,605	)
Loss on loan guaranty			—				—				(22,758	)			—				(22,758	)

Operating income (loss)			(18,670	)			3,755				(32,943	)			—				(47,858	)
Interest income			313				4				66				—				383
Interest expense			9,850				(8,307	)			(12,982	)			—				(11,439	)
Equity in loss of unconsolidated joint ventures			—				(43	)			(55,794	)			—				(55,837	)

Homebuilding pretax loss			(8,507	)			(4,591	)			(101,653	)			—				(114,751	)
Financial services pretax income			—				—				625				—				625

Total pretax loss			(8,507	)			(4,591	)			(101,028	)			—				(114,126	)
Income tax expense			—				—				(400	)			—				(400	)
Equity in net loss of subsidiaries			(106,019	)			—				—				106,019				—

Net loss		$	(114,526	)		$	(4,591	)		$	(101,428	)		$	106,019			$	(114,526	)

Condensed Consolidated Balance Sheets


		KB Home Corporate				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Consolidating Adjustments				Total
Assets
Homebuilding:
Cash and cash equivalents		$	259,419			$	24,385			$	20,367			$	—			$	304,171
Restricted cash			63,884				6				—				—				63,890
Receivables			820				31,369				40,253				—				72,442
Inventories			—				1,260,358				488,019				—				1,748,377
Investments in unconsolidated joint ventures			—				107,321				13,986				—				121,307
Other assets			79,414				690				7,844				—				87,948

			403,537				1,424,129				570,469				—				2,398,135
Financial services			—				—				7,938				—				7,938
Investments in subsidiaries			(35,592	)			—				—				35,592				—

Total assets		$	367,945			$	1,424,129			$	578,407			$	35,592			$	2,406,073

Liabilities and stockholders’ equity
Homebuilding:
Accounts payable, accrued expenses and other liabilities		$	113,316			$	147,364			$	158,006			$	—			$	418,686
Mortgages and notes payable			1,539,035				44,281				4,098				—				1,587,414

			1,652,351				191,645				162,104				—				2,006,100
Financial services			—				—				6,105				—				6,105
Intercompany			(1,678,274	)			1,266,081				412,193				—				—
Stockholders’ equity			393,868				(33,597	)			(1,995	)			35,592				393,868

Total liabilities and stockholders’ equity		$	367,945			$	1,424,129			$	578,407			$	35,592			$	2,406,073

November 30, 2011 (in thousands)



		KB Home Corporate				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Consolidating Adjustments				Total
Assets
Homebuilding:
Cash and cash equivalents		$	340,957			$	32,876			$	41,217			$	—			$	415,050
Restricted cash			64,475				6				—				—				64,481
Receivables			801				29,250				36,128				—				66,179
Inventories			—				1,256,468				475,161				—				1,731,629
Investments in unconsolidated joint ventures			—				113,921				14,005				—				127,926
Other assets			67,059				730				7,315				—				75,104

			473,292				1,433,251				573,826				—				2,480,369
Financial services			—				—				32,173				—				32,173
Investments in subsidiaries			34,235				—				—				(34,235	)			—

Total assets		$	507,527			$	1,433,251			$	605,999			$	(34,235	)		$	2,512,542

Liabilities and stockholders’ equity
Homebuilding:
Accounts payable, accrued expenses and other liabilities		$	121,572			$	181,835			$	175,413			$	—			$	478,820
Mortgages and notes payable			1,533,477				45,925				4,169				—				1,583,571

			1,655,049				227,760				179,582				—				2,062,391
Financial services			—				—				7,494				—				7,494
Intercompany			(1,590,179	)			1,205,491				384,688				—				—
Stockholders’ equity			442,657				—				34,235				(34,235	)			442,657

Total liabilities and stockholders’ equity		$	507,527			$	1,433,251			$	605,999			$	(34,235	)		$	2,512,542

Condensed Consolidated Statements of Cash Flows


		KB Home Corporate				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Consolidating Adjustments				Total
Cash flows from operating activities:
Net loss		$	(45,802	)		$	(33,897	)		$	(12,150	)		$	46,047			$	(45,802	)
Adjustments to reconcile net loss to net cash used by operating activities:
Equity in (income) loss of unconsolidated joint ventures			—				51				(121	)			—				(70	)
Inventory impairments and land option contract abandonments			—				6,572				—				—				6,572
Changes in assets and liabilities:
Receivables			(19	)			(2,119	)			20,431				—				18,293
Inventories			—				(12,997	)			(12,859	)			—				(25,856	)
Accounts payable, accrued expenses and other liabilities			(9,889	)			(31,936	)			(18,796	)			—				(60,621	)
Other, net			(5,390	)			189				3,101				—				(2,100	)

Net cash used by operating activities			(61,100	)			(74,137	)			(20,394	)			46,047				(109,584	)

Cash flows from investing activities:
Return of investment in (contributions to) unconsolidated joint ventures			—				6,549				(2	)			—				6,547
Purchases of property and equipment, net			(21	)			(149	)			(259	)			—				(429	)

Net cash provided (used) by investing activities			(21	)			6,400				(261	)			—				6,118

Cash flows from financing activities:
Change in restricted cash			591				—				—				—				591
Proceeds from issuance of senior notes			344,831				—				—				—				344,831
Payment of senior notes issuance costs			(5,816	)			—				—				—				(5,816	)
Repayment of senior notes			(340,481	)			—				—				—				(340,481	)
Payments on mortgages and land contracts due to land sellers and other loans			—				(1,644	)			(71	)			—				(1,715	)
Issuance of common stock under employee stock plans			175				—				—				—				175
Payments of cash dividends			(4,818	)			—				—				—				(4,818	)
Intercompany			(14,899	)			60,890				56				(46,047	)			—

Net cash provided (used) by financing activities			(20,417	)			59,246				(15	)			(46,047	)			(7,233	)

Net decrease in cash and cash equivalents			(81,538	)			(8,491	)			(20,670	)			—				(110,699	)
Cash and cash equivalents at beginning of period			340,957				32,876				44,241				—				418,074

Cash and cash equivalents at end of period		$	259,419			$	24,385			$	23,571			$	—			$	307,375