Supplemental Guarantor Information (Tables)

12 Months Ended

Nov. 30, 2015

Guarantees [Abstract]

Condensed Consolidating Statements of Operations

Condensed Consolidating Statements of Operations (in thousands)

	Year Ended November 30, 2015
	KB Home Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues	$	—		$	2,653,372		$	378,658		$	—		$	3,032,030
Homebuilding:
Revenues	$	—		$	2,653,372		$	367,615		$	—		$	3,020,987
Construction and land costs	—			(2,209,472		)	(329,896		)	—			(2,539,368		)
Selling, general and administrative expenses	(86,053		)	(213,292		)	(43,653		)	—			(342,998		)
Operating income (loss)	(86,053		)	230,608			(5,934		)	—			138,621
Interest income	451			6			1			—			458
Interest expense	(180,701		)	(6,184		)	—			165,029			(21,856		)
Intercompany interest	289,727			(109,208		)	(15,490		)	(165,029		)	—
Equity in loss of unconsolidated joint ventures	—			(1,803		)	(1		)	—			(1,804		)
Homebuilding pretax income (loss)	23,424			113,419			(21,424		)	—			115,419
Financial services pretax income	—			—			11,624			—			11,624
Total pretax income (loss)	23,424			113,419			(9,800		)	—			127,043
Income tax benefit (expense)	2,000			(42,700		)	(1,700		)	—			(42,400		)
Equity in net income of subsidiaries	59,219			—			—			(59,219		)	—
Net income (loss)	$	84,643		$	70,719		$	(11,500	)	$	(59,219	)	$	84,643

	Year Ended November 30, 2014
	KB Home Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues	$	—		$	2,031,564		$	369,385		$	—		$	2,400,949
Homebuilding:
Revenues	$	—		$	2,031,564		$	358,079		$	—		$	2,389,643
Construction and land costs	—			(1,673,916		)	(311,735		)	—			(1,985,651		)
Selling, general and administrative expenses	(68,717		)	(176,795		)	(42,511		)	—			(288,023		)
Operating income (loss)	(68,717		)	180,853			3,833			—			115,969
Interest income	432			9			2			—			443
Interest expense	(165,485		)	(6,056		)	—			140,791			(30,750		)
Intercompany interest	287,017			(127,191		)	(19,035		)	(140,791		)	—
Equity in income (loss) of unconsolidated joint ventures	—			(2,549		)	3,290			—			741
Homebuilding pretax income (loss)	53,247			45,066			(11,910		)	—			86,403
Financial services pretax income	—			—			8,546			—			8,546
Total pretax income (loss)	53,247			45,066			(3,364		)	—			94,949
Income tax benefit	215,691			551,203			56,506			—			823,400
Equity in net income of subsidiaries	649,411			—			—			(649,411		)	—
Net income	$	918,349		$	596,269		$	53,142		$	(649,411	)	$	918,349

	Year Ended November 30, 2013
	KB Home Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Revenues	$	—		$	1,792,040		$	305,090		$	—		$	2,097,130
Homebuilding:
Revenues	$	—		$	1,792,040		$	292,938		$	—		$	2,084,978
Construction and land costs	—			(1,480,822		)	(256,264		)	—			(1,737,086		)
Selling, general and administrative expenses	(60,545		)	(151,923		)	(43,340		)	—			(255,808		)
Operating income (loss)	(60,545		)	159,295			(6,666		)	—			92,084
Interest income	768			18			6			—			792
Interest expense	(143,902		)	(5,199		)	—			86,411			(62,690		)
Intercompany interest	203,096			(102,172		)	(14,513		)	(86,411		)	—
Equity in income (loss) of unconsolidated joint ventures	—			(2,503		)	496			—			(2,007		)
Homebuilding pretax income (loss)	(583		)	49,439			(20,677		)	—			28,179
Financial services pretax income	—			—			10,184			—			10,184
Total pretax income (loss)	(583		)	49,439			(10,493		)	—			38,363
Income tax benefit (expense)	100			1,800			(300		)	—			1,600
Equity in net income of subsidiaries	40,446			—			—			(40,446		)	—
Net income (loss)	$	39,963		$	51,239		$	(10,793	)	$	(40,446	)	$	39,963

Condensed Consolidating Statements of Comprehensive Income (Loss)

Condensed Consolidating Statements of Comprehensive Income (Loss) (in thousands)

	Year Ended November 30, 2015
	KB Home Corporate			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Net income (loss)	$	84,643		$	70,719	$	(11,500	)	$	(59,219	)	$	84,643
Other comprehensive income:
Postretirement benefit plan adjustments	6,149			—		—			—			6,149
Other comprehensive income before tax	6,149			—		—			—			6,149
Income tax expense related to items of other comprehensive income	(2,460		)	—		—			—			(2,460		)
Other comprehensive income, net of tax	3,689			—		—			—			3,689
Comprehensive income (loss)	$	88,332		$	70,719	$	(11,500	)	$	(59,219	)	$	88,332

	Year Ended November 30, 2014
	KB Home Corporate			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Net income	$	918,349		$	596,269	$	53,142	$	(649,411	)	$	918,349
Other comprehensive loss:
Postretirement benefit plan adjustments	(1,888		)	—		—		—			(1,888		)
Other comprehensive loss before tax	(1,888		)	—		—		—			(1,888		)
Income tax expense related to items of other comprehensive income	(1,604		)	—		—		—			(1,604		)
Other comprehensive loss, net of tax	(3,492		)	—		—		—			(3,492		)
Comprehensive income	$	914,857		$	596,269	$	53,142	$	(649,411	)	$	914,857

	Year Ended November 30, 2013
	KB Home Corporate		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Net income (loss)	$	39,963	$	51,239	$	(10,793	)	$	(40,446	)	$	39,963
Other comprehensive income:
Postretirement benefit plan adjustments	10,442		—		—			—			10,442
Other comprehensive income, net of tax	10,442		—		—			—			10,442
Comprehensive income (loss)	$	50,405	$	51,239	$	(10,793	)	$	(40,446	)	$	50,405

Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets (in thousands)

	November 30, 2015
	KB Home Corporate		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets
Homebuilding:
Cash and cash equivalents	$	444,850	$	98,281	$	15,911	$	—		$	559,042
Restricted cash	9,344		—		—		—			9,344
Receivables	39		148,338		4,305		—			152,682
Inventories	—		2,979,617		334,130		—			3,313,747
Investments in unconsolidated joint ventures	—		69,057		2,501		—			71,558
Deferred tax assets, net	190,770		501,454		89,972		—			782,196
Other assets	97,590		11,783		3,401		—			112,774
	742,593		3,808,530		450,220		—			5,001,343
Financial services	—		—		14,028		—			14,028
Intercompany receivables	3,627,150		—		102,103		(3,729,253		)	—
Investments in subsidiaries	39,383		—		—		(39,383		)	—
Total assets	$	4,409,126	$	3,808,530	$	566,351	$	(3,768,636	)	$	5,015,371
Liabilities and stockholders’ equity
Homebuilding:
Accounts payable, accrued expenses and other liabilities	$	136,352	$	442,529	$	118,303	$	—		$	697,184
Notes payable	2,564,762		60,774		—		—			2,625,536
	2,701,114		503,303		118,303		—			3,322,720
Financial services	—		—		1,817		—			1,817
Intercompany payables	17,178		3,305,227		406,848		(3,729,253		)	—
Stockholders’ equity	1,690,834		—		39,383		(39,383		)	1,690,834
Total liabilities and stockholders’ equity	$	4,409,126	$	3,808,530	$	566,351	$	(3,768,636	)	$	5,015,371

	November 30, 2014
	KB Home Corporate		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Total
Assets
Homebuilding:
Cash and cash equivalents	$	303,280	$	37,112	$	15,974	$	—		$	356,366
Restricted cash	27,235		—		—		—			27,235
Receivables	15		120,857		4,616		—			125,488
Inventories	—		2,847,415		370,972		—			3,218,387
Investments in unconsolidated joint ventures	—		76,940		2,501		—			79,441
Deferred tax assets, net	215,923		552,653		56,656		—			825,232
Other assets	99,099		13,136		2,680		—			114,915
	645,552		3,648,113		453,399		—			4,747,064
Financial services	—		—		10,486		—			10,486
Intercompany receivables	3,582,612		—		112,919		(3,695,531		)	—
Investments in subsidiaries	39,356		—		—		(39,356		)	—
Total assets	$	4,267,520	$	3,648,113	$	576,804	$	(3,734,887	)	$	4,757,550
Liabilities and stockholders’ equity
Homebuilding:
Accounts payable, accrued expenses and other liabilities	$	138,298	$	317,550	$	126,750	$	—		$	582,598
Notes payable	2,513,165		63,360		—		—			2,576,525
	2,651,463		380,910		126,750		—			3,159,123
Financial services	—		—		2,517		—			2,517
Intercompany payables	20,147		3,267,203		408,181		(3,695,531		)	—
Stockholders’ equity	1,595,910		—		39,356		(39,356		)	1,595,910
Total liabilities and stockholders’ equity	$	4,267,520	$	3,648,113	$	576,804	$	(3,734,887	)	$	4,757,550

Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows (in thousands)

	Year Ended November 30, 2015
	KB Home Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Net cash provided by operating activities	$	44,422		$	125,068		$	11,695		$	—		$	181,185
Cash flows from investing activities:
Contributions to unconsolidated joint ventures	—			(20,625		)	(1		)	—			(20,626		)
Return of investments in unconsolidated joint ventures	—			14,000			—			—			14,000
Purchases of property and equipment, net	(2,890		)	(1,704		)	(83		)	—			(4,677		)
Intercompany	45,470			—			—			(45,470		)	—
Net cash provided by (used in) investing activities	42,580			(8,329		)	(84		)	(45,470		)	(11,303		)
Cash flows from financing activities:
Change in restricted cash	17,891			—			—			—			17,891
Proceeds from issuance of debt	250,000			—			—			—			250,000
Payment of debt issuance costs	(4,561		)	—			—			—			(4,561		)
Repayment of senior notes	(199,906		)	—			—			—			(199,906		)
Payments on mortgages and land contracts due to land sellers and other loans	—			(22,877		)	—			—			(22,877		)
Issuance of common stock under employee stock plans	740			—			—			—			740
Excess tax benefits from stock-based compensation	157			—			—			—			157
Payments of cash dividends	(9,186		)	—			—			—			(9,186		)
Stock repurchases	(567		)	—			—			—			(567		)
Intercompany	—			(32,693		)	(12,777		)	45,470			—
Net cash provided by (used in) financing activities	54,568			(55,570		)	(12,777		)	45,470			31,691
Net increase (decrease) in cash and cash equivalents	141,570			61,169			(1,166		)	—			201,573
Cash and cash equivalents at beginning of year	303,280			37,112			18,376			—			358,768
Cash and cash equivalents at end of year	$	444,850		$	98,281		$	17,210		$	—		$	560,341

	Year Ended November 30, 2014
	KB Home Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Net cash provided by (used in) operating activities	$	82,629		$	(643,702	)	$	(69,618	)	$	—		$	(630,691	)
Cash flows from investing activities:
Contributions to unconsolidated joint ventures	—			(48,846		)	(251		)	—			(49,097		)
Proceeds from sale of investment in unconsolidated joint venture	—			—			10,110			—			10,110
Purchases of property and equipment, net	(208		)	(4,412		)	(1,175		)	—			(5,795		)
Intercompany	(794,624		)	—			—			794,624			—
Net cash provided by (used in) investing activities	(794,832		)	(53,258		)	8,684			794,624			(44,782		)
Cash flows from financing activities:
Change in restricted cash	14,671			—			—			—			14,671
Proceeds from issuance of debt	400,000			—			—			—			400,000
Payment of debt issuance costs	(5,448		)	—			—			—			(5,448		)
Payments on mortgages and land contracts due to land sellers and other loans	—			(36,918		)	—			—			(36,918		)
Proceeds from issuance of common stock, net	137,045			—			—			—			137,045
Issuance of common stock under employee stock plans	1,896			—			—			—			1,896
Payments of cash dividends	(8,982		)	—			—			—			(8,982		)
Stock repurchases	(546		)	—			—			—			(546		)
Intercompany	—			733,033			61,591			(794,624		)	—
Net cash provided by financing activities	538,636			696,115			61,591			(794,624		)	501,718
Net increase (decrease) in cash and cash equivalents	(173,567		)	(845		)	657			—			(173,755		)
Cash and cash equivalents at beginning of year	476,847			37,957			17,719			—			532,523
Cash and cash equivalents at end of year	$	303,280		$	37,112		$	18,376		$	—		$	358,768

	Year Ended November 30, 2013
	KB Home Corporate			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Total
Net cash provided by (used in) operating activities	$	4,795		$	(457,390	)	$	9,109		$	—		$	(443,486	)
Cash flows from investing activities:
Contributions to unconsolidated joint ventures	—			(9,334		)	(5,025		)	—			(14,359		)
Purchases of property and equipment, net	(519		)	(1,254		)	(618		)	—			(2,391		)
Intercompany	(517,803		)	—			—			517,803			—
Net cash used in investing activities	(518,322		)	(10,588		)	(5,643		)	517,803			(16,750		)
Cash flows from financing activities:
Change in restricted cash	456			—			—			—			456
Proceeds from issuance of debt	680,000			—			—			—			680,000
Payment of debt issuance costs	(16,525		)	—			—			—			(16,525		)
Repayment of senior notes	(225,394		)	—			—			—			(225,394		)
Payments on mortgages and land contracts due to land sellers and other loans	—			(66,296		)	—			—			(66,296		)
Proceeds from issuance of common stock, net	109,503			—			—			—			109,503
Issuance of common stock under employee stock plans	2,181			—			—			—			2,181
Payments of cash dividends	(8,366		)	—			—			—			(8,366		)
Stock repurchases	(8,488		)	—			—			—			(8,488		)
Intercompany	—			523,013			(5,210		)	(517,803		)	—
Net cash provided by (used in) financing activities	533,367			456,717			(5,210		)	(517,803		)	467,071
Net increase (decrease) in cash and cash equivalents	19,840			(11,261		)	(1,744		)	—			6,835
Cash and cash equivalents at beginning of year	457,007			49,218			19,463			—			525,688
Cash and cash equivalents at end of year	$	476,847		$	37,957		$	17,719		$	—		$	532,523