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Investments in Unconsolidated Joint Ventures (Tables) | 12 Months Ended
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Nov. 30, 2020
Equity Method Investments and Joint Ventures [Abstract] |
Statements of operations of unconsolidated joint ventures | The following table presents combined condensed information from the statements of operations of our unconsolidated joint ventures (in thousands):
| Years Ended November 30,
| 2020 |  | 2019 |  | 2018
Revenues | $ | 127,270 |  |  | $ | 23,676 |  |  | $ | 59,418 |
Construction and land costs | (93,162) |  |  | (23,659) |  |  | (46,288) |
Other expenses, net | (8,850) |  |  | (2,644) |  |  | (2,674) |
Income (loss) | $ | 25,258 |  |  | $ | (2,627) |  |  | $ | 10,456 |
Balance sheets of unconsolidated joint ventures | The following table presents combined condensed balance sheet information for our unconsolidated joint ventures (in thousands):
| November 30,
| 2020 |  | 2019
Assets |  |  |
Cash | $ | 38,837 |  |  | $ | 23,965 |
Receivables | 96 |  |  | 12 |
Inventories | 65,233 |  |  | 139,536 |
Other assets | 593 |  |  | 780 |
Total assets | $ | 104,759 |  |  | $ | 164,293 |
Liabilities and equity |  |  |
Accounts payable and other liabilities | $ | 14,037 |  |  | $ | 13,282 |
Notes payable (a) | — |  |  | 40,672 |
Equity | 90,722 |  |  | 110,339 |
Total liabilities and equity | $ | 104,759 |  |  | $ | 164,293 |
(a)At both November 30, 2020 and 2019, we had investments in five unconsolidated joint ventures. At November 30, 2019, one of our unconsolidated joint ventures had a construction loan agreement with a third-party lender to finance its land development activities. The outstanding debt was secured by the underlying property and related project assets and was non-recourse to us. All of the outstanding secured debt was repaid in April 2020. None of our unconsolidated joint ventures had outstanding debt at November 30, 2020.

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- Definition Statements of operations of unconsolidated joint ventures. + References No definition available. + Details
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