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

Company Profile

Business Address 5505 BLUE LAGOON 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)

8/31/2023
Q3
5/31/2023
Q2
2/28/2023
Q1
11/30/2022
Q4
8/31/2022
Q3
5/31/2022
Q2
2/28/2022
Q1
ASSETS
Current Assets
Inventory, net of allowances, customer advances and progress billings   (34)   
Inventory   (34)   
Total current assets:   (34)   
Noncurrent Assets
Operating lease, right-of-use asset139143150152150152
Property, plant and equipment   355   
Total noncurrent assets:139143505152150152
Other undisclosed assets36,71936,43037,51335,18834,15632,483
TOTAL ASSETS:36,85836,57337,98435,34034,30632,635
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities11,69712,01813,74412,21212,51611,788
Total liabilities:11,69712,01813,74412,21212,51611,788
Equity
Equity, attributable to parent, including:25,01524,41824,10122,97721,59820,679
Treasury stock, value(676)(468)(210)(90)(77)(3,291)
Additional paid in capital5,5465,5045,4185,3885,3558,855
Accumulated other comprehensive income432222
Retained earnings20,11119,35018,86117,64716,28915,079
Other undisclosed equity, attributable to parent302929292934
Equity, attributable to noncontrolling interest146137140150192168
Total equity:25,16124,55524,24023,12821,79020,847
TOTAL LIABILITIES AND EQUITY:36,85836,57337,98435,34034,30632,635

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

8/31/2023
Q3
5/31/2023
Q2
2/28/2023
Q1
11/30/2022
Q4
8/31/2022
Q3
5/31/2022
Q2
2/28/2022
Q1
Revenues8,045    6,204
Cost of revenue(6,728)   (6,401)(5,009)
Gross profit:1,318   (6,401)1,194
Operating expenses(125) (8) (105)(114)
Other undisclosed operating income (loss)   3  (277)
Operating income (loss):1,193 (5) (6,507)803
Nonoperating income (expense)(10)     
Income (loss) from continuing operations before equity method investments, income taxes:1,183 (5) (6,507)803
Loss from equity method investments  (31)(1)  (10)
Other undisclosed income (loss) from continuing operations before income taxes(24)8161,7651,8248,261(116)
Income from continuing operations before income taxes:1,1597841,7591,8241,755677
Income tax expense(281)(185)(415)(352)(432)(167)
Income from continuing operations:8785991,3441,4731,323509
Income before gain (loss) on sale of properties:1,4731,323509
Net income:8785991,3441,4731,323509
Net loss attributable to noncontrolling interest(6)(3)(21)(5)(2)(6)
Net income attributable to parent:8725971,3221,4671,321504
Preferred stock dividends and other adjustments(4)(1)(1)(1)(2)(1)
Undistributed earnings (loss) allocated to participating securities, basic(10)(6)(13)(15)(15)(5)
Net income available to common stockholders, basic:8585901,3091,4521,303498
Other undisclosed net loss available to common stockholders, diluted  (1)(1)(1)(1)(2)
Net income available to common stockholders, diluted:8585891,3081,4511,302496

Comprehensive Income ($ in millions)

8/31/2023
Q3
5/31/2023
Q2
2/28/2023
Q1
11/30/2022
Q4
8/31/2022
Q3
5/31/2022
Q2
2/28/2022
Q1
Net income:8785991,3441,4731,323509
Other comprehensive income11 003
Other undisclosed comprehensive loss   (3)   
Comprehensive income:8786001,3411,4731,323512
Comprehensive loss, net of tax, attributable to noncontrolling interest(6)(3)(21)(5)(2)(6)
Other undisclosed comprehensive income, net of tax, attributable to parent   4   
Comprehensive income, net of tax, attributable to parent:8725971,3231,4681,321507

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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