Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||||||||||||
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May 31, 2013
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May 31, 2012
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May 31, 2013
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May 31, 2012
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Revenues: | ||||||||||||||
Total revenues | $ 1,426,124 | [1] | $ 930,155 | [1] | $ 2,416,070 | [1] | $ 1,655,011 | [1] | ||||||
Cost and expenses: | ||||||||||||||
Corporate general and administrative | 33,853 | 29,168 | 65,123 | 56,010 | ||||||||||
Total costs and expenses | 1,260,652 | 861,823 | 2,182,145 | 1,566,745 | ||||||||||
Other interest expense | (25,109) | (23,803) | (51,140) | (48,652) | ||||||||||
Earnings before income taxes | 162,289 | 52,103 | 215,610 | 58,556 | ||||||||||
(Provision) Benefit for income taxes | (19,491) | 402,321 | (15,854) | 403,845 | ||||||||||
Net earnings (including net earnings (loss) attributable to noncontrolling interests) | 142,798 | 454,424 | 199,756 | 462,401 | ||||||||||
Less: Net earnings (loss) attributable to noncontrolling interests | 5,362 | [2] | 1,721 | [2] | 4,828 | [2] | (5,270) | [2] | ||||||
Net earnings attributable to Lennar | 137,436 | 452,703 | 194,928 | 467,671 | ||||||||||
Basic earnings per share | $ 0.71 | $ 2.39 | $ 1.01 | $ 2.47 | ||||||||||
Diluted earnings per share | $ 0.61 | $ 2.06 | $ 0.88 | $ 2.16 | ||||||||||
Cash dividends per each Class A and Class B common share | $ 0.04 | $ 0.04 | $ 0.08 | $ 0.08 | ||||||||||
Comprehensive Income (Loss), Net of Tax, Attributable to Lennar | 137,436 | 452,703 | 194,928 | 467,671 | ||||||||||
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interests | 5,362 | 1,721 | 4,828 | (5,270) | ||||||||||
Lennar Homebuilding [Member]
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Revenues: | ||||||||||||||
Lennar Homebuilding | 1,281,344 | 808,088 | 2,149,788 | 1,432,521 | ||||||||||
Cost and expenses: | ||||||||||||||
Lennar Homebuilding | 1,108,570 | 731,842 | 1,887,244 | 1,316,587 | ||||||||||
Equity in earnings (loss) from unconsolidated entities | 13,461 | [3] | (9,381) | [3] | 12,594 | [3] | (8,298) | [3] | ||||||
Other income (expense), net | (2,686) | 12,758 | 1,580 | 16,825 | ||||||||||
Lennar Financial Services [Member]
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Revenues: | ||||||||||||||
Lennar Financial Services | 119,096 | 88,595 | 214,976 | 156,810 | ||||||||||
Cost and expenses: | ||||||||||||||
Lennar Financial Services | 89,924 | 70,615 | 169,702 | 130,580 | ||||||||||
Rialto Investments [Member]
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Revenues: | ||||||||||||||
Rialto Investments, Revenues | 25,684 | 33,472 | 51,306 | 65,680 | ||||||||||
Cost and expenses: | ||||||||||||||
Rialto Investments, Cost and expenses | 28,305 | 30,198 | 60,076 | 63,568 | ||||||||||
Equity in earnings (loss) from unconsolidated entities | 4,505 | 5,569 | 10,678 | 24,027 | ||||||||||
Other income (expense), net | 6,646 | (1,372) | 7,973 | (13,612) | ||||||||||
Less: Net earnings (loss) attributable to noncontrolling interests | $ 5,689 | $ 3,178 | $ 5,361 | $ (1,189) | ||||||||||
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X | ||||||||||
- Definition
This element represents the total of the costs and expenses related to real estate revenues and the aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. No definition available.
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X | ||||||||||
- Definition
This element represents the costs incurred for servicing the portfolios of real estate loans acquired including general and administrative expenses. No definition available.
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X | ||||||||||
- Definition
Aggregated revenue recognized during the period (derived from accretable interest income, interest income and sub-advisory services fees) No definition available.
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X | ||||||||||
- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate costs incurred during the reporting period related to financial services rendered by an entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate financial services revenue and operating interest income earned during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Interest expense on all other items not previously classified. For example, includes dividends associated with redeemable preferred stock of a subsidiary that is treated as a liability in the parent's consolidated balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate revenue from real estate operations during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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