Lennar Corporation (LEN) Financial Statements (2024 and earlier)

Company Profile

Business Address 5505 WATERFORD DISTRICT DRIVE
MIAMI, FL 33126
State of Incorp. DE
Fiscal Year End November 30
Industry (SIC) 152 - General Building Contractors-residential (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

2/29/2024
MRQ
11/30/2023
11/30/2022
11/30/2021
11/30/2020
11/30/2019
11/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments    2,863 1,558
Cash and cash equivalents    2,863 1,558
Inventory, net of allowances, customer advances and progress billings (38)(34)    
Inventory (38)(34)    
Total current assets: (38)(34) 2,863 1,558
Noncurrent Assets
Operating lease, right-of-use asset146150156113 
Inventory, real estate    17,175  
Property, plant and equipment 405355340412280320
Long-term investments and receivables   1,9722,134  
Long-term investments   1,9722,134  
Intangible assets, net (including goodwill)    3,632  
Goodwill    3,632  
Total noncurrent assets:5515052,46823,466280320
Other undisclosed assets38,72137,51330,7403,60629,08026,688
TOTAL ASSETS:39,23437,98433,20829,93529,36028,566
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities12,53213,74412,21111,83613,32613,883
Total liabilities:12,53213,74412,21111,83613,32613,883
Equity
Equity, attributable to parent, including:26,58124,10120,81617,99515,95014,582
Treasury stock, value(1,393)(210)(2,709)(1,279)(958)(436)
Additional paid in capital5,5705,4188,8088,6768,5788,497
Accumulated other comprehensive income (loss)52(1)(1)0(0)
Retained earnings22,36918,86114,68510,5658,2956,488
Other undisclosed equity, attributable to parent302934343433
Equity, attributable to noncontrolling interest12114018010584101
Total equity:26,70224,24020,99618,09916,03414,683
TOTAL LIABILITIES AND EQUITY:39,23437,98433,20829,93529,36028,566

Income Statement (P&L) ($ in millions)

2/29/2024
TTM
11/30/2023
11/30/2022
11/30/2021
11/30/2020
11/30/2019
11/30/2018
Revenues34,233 27,13122,48922,26020,572
Cost of revenue  (21,654)(18,951)(19,395)(18,177)
Other undisclosed gross profit      
Gross profit:34,233 5,4773,5382,8652,395
Operating expenses  (398)(422)(403)(558)
Other undisclosed operating income     314626
Operating income:34,233 5,0783,1162,7752,463
Nonoperating income31  61  
Investment income, nonoperating    61  
Interest and debt expense10 2(8)  
Income from continuing operations before equity method investments, income taxes:34,273 5,0813,1692,7752,463
Income (loss) from equity method investments  (36)49(22)3(31)
Other undisclosed income (loss) from continuing operations before income taxes(29,071)6,051689(23)(344)(170)
Income from continuing operations before income taxes:5,2026,0155,8193,1242,4342,263
Income tax expense(1,241)(1,366)(1,363)(656)(592)(545)
Income from continuing operations:3,9614,6494,4572,4681,8421,718
Income before gain (loss) on sale of properties:4,4572,4681,8421,718
Net income:3,9614,6494,4572,4681,8421,718
Net income (loss) attributable to noncontrolling interest(23)(34)(26)(3)7(22)
Net income attributable to parent:3,9394,6144,4302,4651,8491,696
Preferred stock dividends and other adjustments(6)(4)(3)(2)(0)(0)
Undistributed earnings (loss) allocated to participating securities, basic(43)(48)(50)(27)(16)(14)
Net income available to common stockholders, basic:3,8904,5624,3772,4371,8331,681
Other undisclosed net loss available to common stockholders, diluted  (5)(3)(9)(4)(3)
Net income available to common stockholders, diluted:3,8904,5574,3742,4281,8291,678

Comprehensive Income ($ in millions)

2/29/2024
TTM
11/30/2023
11/30/2022
11/30/2021
11/30/2020
11/30/2019
11/30/2018
Net income:3,9614,6494,4572,4681,8421,718
Other comprehensive income      
Other undisclosed comprehensive loss      
Comprehensive income:3,9614,6494,4572,4681,8421,718
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(23)(34)(26)(3)7(22)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent24(1)(1)1(1)
Comprehensive income, net of tax, attributable to parent:3,9414,6184,4302,4641,8501,694

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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