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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Aug. 31, 2014
Aug. 31, 2013
Cash flows from operating activities:    
Net earnings (loss) (including net earnings (loss) attributable to noncontrolling interests) $ 376,022 $ 321,910
Adjustments to reconcile net earnings (including net earnings (loss) attributable to noncontrolling interests) to net cash provided by (used in) operating activities:    
Depreciation and amortization 27,161 21,683
Amortization of discount/premium on debt, net 16,140 17,641
Share based compensation expense 28,590 23,527
Excess tax benefits from share-based awards (3,007) (10,148)
Deferred income tax (benefit) expense 76,351 67,938
Changes in assets and liabilities:    
Decrease (increase) in restricted cash (5,078) (7,476)
Decrease (increase) in receivables 58,522 31,815
Decrease (increase) in inventories, excluding valuation adjustments and write-offs of option deposits and pre-acquisition costs (1,334,703) (1,469,381)
Decrease (increase) in other assets (38,649) (17,616)
Increase (decrease) in accounts payable and other liabilities 151,948 136,156
Net cash provided by (used in) operating activities (898,501) (1,017,739)
Cash flows from investing activities:    
Increase (decrease) in restricted cash 19,012 0
Net disposals (additions) of operating properties and equipment (12,415) (4,931)
Acquisition, net of cash acquired (5,489) 0
Net cash provided by (used in) investing activities 242,455 434,044
Cash flows from financing activities:    
Net borrowings (repayments) of debt 70,000 100,000
Proceeds from issuance of senior long-term debt 500,500 500,000
Redemption of senior notes 0 (63,001)
Debt issuance costs (7,725) (5,189)
Principal repayments on Rialto Investments notes payable (26,512) (360,956)
Proceeds from other borrowings 33,103 76,966
Principal payments on other borrowings (241,339) (187,648)
Exercise of land option contracts from an unconsolidated land investment venture (1,540) (27,329)
Receipts related to noncontrolling interests 11,963 579
Payments related to noncontrolling interests (115,001) (174,853)
Excess tax benefits from share-based awards 3,007 10,148
Common stock:    
Issuances 13,603 33,945
Repurchases (12,153) (191)
Payments of Ordinary Dividends, Common Stock (24,565) (23,142)
Net cash provided by (used in) financing activities 519,054 (155,278)
Net (decrease) increase in cash and cash equivalents (136,992) (738,973)
Cash and cash equivalents at beginning of period 970,505 1,310,743
Cash and cash equivalents at end of period 833,513 571,770
Lennar Homebuilding and Lennar Multifamily:    
Non-cash reduction of equity due to purchase of noncontrolling interest   39,605
Non-cash purchase of noncontrolling interests   63,500
Rialto Investments:    
Non-cash acquisition of Servicer Provider 8,317 0
Consolidations/deconsolidations of previously unconsolidated/consolidated entities, net:    
Inventories 155,021 0
Investments in unconsolidated entities (30,647) 0
Operating properties and equipment (7,218) 0
Noncontrolling interests (117,156) 0
Lennar Homebuilding [Member]
   
Adjustments to reconcile net earnings (including net earnings (loss) attributable to noncontrolling interests) to net cash provided by (used in) operating activities:    
Equity in (earnings) loss from unconsolidated entities (3,304) [1] (23,085) [1]
Distributions of earnings from unconsolidated entities 4,456 718
(Gains) losses on Lennar Homebuilding senior notes 0 (1,000)
Valuation adjustments and write-offs of option deposits and pre-acquisition costs, other receivables and other assets 8,049 6,086
Cash flows from investing activities:    
Investments in and contributions to unconsolidated entities (74,292) (45,947)
Distributions of capital from unconsolidated entities 83,690 140,532
Proceeds from sale of available-for-sale securities 46,234 2,486
Purchases of investments available-for-sale (21,274) (28,708)
Common stock:    
Cash and cash equivalents at beginning of period 695,424 [2]  
Cash and cash equivalents at end of period 542,241 [2] 433,548
Lennar Homebuilding and Lennar Multifamily:    
Non-cash contributions to unconsolidated entities 647 240,247
Inventory acquired in satisfaction of other assets including investments available-for-sale 4,774 0
Purchases of inventories financed by sellers 109,560 126,148
Non-cash reduction of equity due to purchase of noncontrolling interest 0 103,391
Non-cash purchase of noncontrolling interests 0 63,500
Rialto Investments [Member]
   
Adjustments to reconcile net earnings (including net earnings (loss) attributable to noncontrolling interests) to net cash provided by (used in) operating activities:    
Equity in (earnings) loss from unconsolidated entities (43,266) (15,877)
Distributions of earnings from unconsolidated entities 354 648
(Gains) losses on Lennar Homebuilding senior notes (4,135) 0
Unrealized and realized gains on Rialto Investments real estate owned (20,568) (38,056)
Valuation adjustments and write-offs of option deposits and pre-acquisition costs, other receivables and other assets 55,275 23,970
Changes in assets and liabilities:    
Decrease (increase) in loans-held-for-sale (120,754) (244,137)
Cash flows from investing activities:    
Investments in and contributions to unconsolidated entities (28,175) (41,483)
Distributions of capital from unconsolidated entities 41,235 39,837
Decrease (increase) in defeasance cash to retire notes payable 0 145,781
Receipts of principal payments on loans receivable 20,827 49,560
Proceeds from sales of real estate owned 168,946 182,220
Proceeds from sale of available-for-sale securities 9,171 0
Purchases of investments available-for-sale (8,705) 0
Improvements in real estate owned (9,924) (7,862)
Payments to acquire notes receivable 0 (5,450)
Purchases of Lennar Financial Services investment securities (7,000) 0
Cash flows from financing activities:    
Net borrowings (repayments) of debt (4,596) 133,103
Proceeds from issuance of senior long-term debt 104,525 0
Proceeds from securitization notes 73,830 0
Principal repayments on Rialto Investments notes payable (7,676) (360,956)
Common stock:    
Cash and cash equivalents at beginning of period 201,496 [2]  
Cash and cash equivalents at end of period 211,030 [2] 72,024
Rialto Investments:    
Real estate owned acquired in satisfaction/partial satisfaction of loans receivable 51,545 53,849
Lennar Multifamily [Member]
   
Adjustments to reconcile net earnings (including net earnings (loss) attributable to noncontrolling interests) to net cash provided by (used in) operating activities:    
Equity in (earnings) loss from unconsolidated entities (14,689) [3] 146 [3]
Distributions of earnings from unconsolidated entities 14,469 0
Cash flows from investing activities:    
Investments in and contributions to unconsolidated entities (25,072) (14,406)
Distributions of capital from unconsolidated entities 51,565 14,479
Common stock:    
Cash and cash equivalents at beginning of period 519  
Cash and cash equivalents at end of period 1,881 395
Lennar Homebuilding and Lennar Multifamily:    
Non-cash contributions to unconsolidated entities 72,552 14,070
Lennar Financial Services [Member]
   
Changes in assets and liabilities:    
Decrease (increase) in loans-held-for-sale (127,685) 156,799
Cash flows from investing activities:    
(Increase) decrease in Lennar Financial Services loans held-for-investment, net 1,242 (706)
Purchases of Lennar Financial Services investment securities (19,025) (21,504)
Proceeds from maturities of Lennar Financial Services investment securities 11,904 30,146
Cash flows from financing activities:    
Net borrowings (repayments) of debt 141,954 (167,710)
Common stock:    
Cash and cash equivalents at beginning of period 73,066  
Cash and cash equivalents at end of period 78,361 65,803
Lennar Financial Services:    
Purchase of mortgage servicing rights financed by seller 5,927 0
Structured Notes [Member] | Rialto Investments [Member]
   
Cash flows from financing activities:    
Principal repayments on Rialto Investments notes payable $ 18,836 $ 0
[1] For the nine months ended August 31, 2014, Lennar Homebuilding equity in earnings from unconsolidated entities included $4.7 million of equity in earnings primarily as a result of third-party land sales by one unconsolidated entity. For the three and nine months ended August 31, 2013, Lennar Homebuilding equity in earnings from unconsolidated entities included $8.6 million and $21.6 million, respectively, of equity in earnings primarily as a result of sales of homesites to third parties by another unconsolidated entity and previously deferred profit related to those homesites that was earned during the three months ended August 31, 2013.
[2] Under certain provisions of Accounting Standards Codification (“ASC”) Topic 810, Consolidations, (“ASC 810”) the Company is required to separately disclose on its condensed consolidated balance sheets the assets owned by consolidated variable interest entities (“VIEs”) and liabilities of consolidated VIEs as to which neither Lennar Corporation, or any of its subsidiaries, has any obligations. As of August 31, 2014, total assets include $979.8 million related to consolidated VIEs of which $13.2 million is included in Lennar Homebuilding cash and cash equivalents, $0.3 million in Lennar Homebuilding restricted cash, $0.2 million in Lennar Homebuilding receivables, net, $224.4 million in Lennar Homebuilding land and land under development, $55.8 million in Lennar Homebuilding consolidated inventory not owned, $13.2 million in Lennar Homebuilding investments in unconsolidated entities, $103.7 million in Lennar Homebuilding other assets, $37.6 million in Rialto Investments ("Rialto") cash and cash equivalents, $154.8 million in Rialto loans receivable, net, $119.3 million in Rialto real estate owned, held-for-sale, $236.3 million in Rialto real estate owned, held-and-used, net, $0.7 million in Rialto investments in unconsolidated entities, $2.5 million in Rialto other assets and $17.8 million in Lennar Multifamily assets.As of November 30, 2013, total assets include $1,195.3 million related to consolidated VIEs of which $8.3 million is included in Lennar Homebuilding cash and cash equivalents, $17.7 million in Lennar Homebuilding restricted cash, $2.4 million in Lennar Homebuilding receivables, net, $94.8 million in Lennar Homebuilding land and land under development, $243.6 million in Lennar Homebuilding consolidated inventory not owned, $14.7 million in Lennar Homebuilding investments in unconsolidated entities, $86.8 million in Lennar Homebuilding other assets, $44.8 million in Rialto cash and cash equivalents, $244.0 million in Rialto loans receivable, net, $122.0 million in Rialto real estate owned, held-for-sale, $313.8 million in Rialto real estate owned, held-and-used, net, $0.7 million in Rialto investments in unconsolidated entities and $1.8 million in Rialto other assets.
[3] For both the three and nine months ended August 31, 2014, Lennar Multifamily equity in earnings from unconsolidated entities included Lennar Multifamily's share of gains totaling $14.7 million related to the sale of two operating properties by unconsolidated entities.