Lennar Multifamily Segment (Tables) (Lennar Multifamily [Member])
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6 Months Ended |
May 31, 2014
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Lennar Multifamily [Member]
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Segment Reporting Information [Line Items] |
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Schedule Of Assets and Liabilities By Segment |
The assets and liabilities related to the Lennar Multifamily segment were as follows: | | | | | | | | (In thousands) | May 31, 2014 | | November 30, 2013 | Assets: | | | | Cash and cash equivalents | $ | 1,785 |
| | 519 |
| Land under development | 77,071 |
| | 88,260 |
| Consolidated inventory not owned | 5,000 |
| | 10,500 |
| Investments in unconsolidated entities | 77,534 |
| | 46,301 |
| Other assets | 5,203 |
| | 1,509 |
| | $ | 166,593 |
| | 147,089 |
| Liabilities: | | | | Accounts payable and other liabilities | $ | 26,235 |
| | 17,518 |
| Notes payable | — |
| | 13,858 |
| Liabilities related to consolidated inventory not owned | 4,200 |
| | 10,150 |
| | $ | 30,435 |
| | 41,526 |
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Condensed Financial Information By Equity Method Investment, Balance Sheets |
Summarized condensed financial information on a combined 100% basis related to Lennar Multifamily's investments in unconsolidated entities that are accounted for by the equity method was as follows: Balance Sheets | | | | | | | | (In thousands) | May 31, 2014 | | November 30, 2013 | Assets: | | | | Cash and cash equivalents | $ | 15,171 |
| | 5,800 |
| Operating properties and equipment | 431,604 |
| | 236,528 |
| Other assets | 10,870 |
| | 3,460 |
| | $ | 457,645 |
| | 245,788 |
| Liabilities and equity: | | | | Accounts payable and other liabilities | $ | 51,942 |
| | 11,147 |
| Notes payable | 105,535 |
| | 51,604 |
| Equity | 300,168 |
| | 183,037 |
| | $ | 457,645 |
| | 245,788 |
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Condensed Financial Information By Equity Method Investment, Statements Of Operations |
Statements of Operations | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | May 31, | | May 31, | (In thousands) | 2014 | | 2013 | | 2014 | | 2013 | Revenues | $ | 960 |
| | — |
| | 2,411 |
| | — |
| Costs and expenses | 1,581 |
| | 248 |
| | 3,175 |
| | 263 |
| Net loss of unconsolidated entities | $ | (621 | ) | | (248 | ) | | (764 | ) | | (263 | ) | Lennar Multifamily equity in loss from unconsolidated entities | $ | (182 | ) | | (30 | ) | | (257 | ) | | (33 | ) |
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