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)Annual | Quarterly
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 asset | 139 | 143 | 150 | 152 | 150 | 152 | |||
Property, plant and equipment | 355 | ||||||||
Total noncurrent assets: | 139 | 143 | 505 | 152 | 150 | 152 | |||
Other undisclosed assets | 36,719 | 36,430 | 37,513 | 35,188 | 34,156 | 32,483 | |||
TOTAL ASSETS: | 36,858 | 36,573 | 37,984 | 35,340 | 34,306 | 32,635 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Noncurrent Liabilities | |||||||||
Other undisclosed liabilities | 11,697 | 12,018 | 13,744 | 12,212 | 12,516 | 11,788 | |||
Total liabilities: | 11,697 | 12,018 | 13,744 | 12,212 | 12,516 | 11,788 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 25,015 | 24,418 | 24,101 | 22,977 | 21,598 | 20,679 | |||
Treasury stock, value | (676) | (468) | (210) | (90) | (77) | (3,291) | |||
Additional paid in capital | 5,546 | 5,504 | 5,418 | 5,388 | 5,355 | 8,855 | |||
Accumulated other comprehensive income | 4 | 3 | 2 | 2 | 2 | 2 | |||
Retained earnings | 20,111 | 19,350 | 18,861 | 17,647 | 16,289 | 15,079 | |||
Other undisclosed equity, attributable to parent | 30 | 29 | 29 | 29 | 29 | 34 | |||
Equity, attributable to noncontrolling interest | 146 | 137 | 140 | 150 | 192 | 168 | |||
Total equity: | 25,161 | 24,555 | 24,240 | 23,128 | 21,790 | 20,847 | |||
TOTAL LIABILITIES AND EQUITY: | 36,858 | 36,573 | 37,984 | 35,340 | 34,306 | 32,635 |
Income Statement (P&L) ($ in millions)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 8,045 | 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) | 816 | 1,765 | 1,824 | 8,261 | (116) | ||
Income from continuing operations before income taxes: | 1,159 | 784 | 1,759 | 1,824 | 1,755 | 677 | ||
Income tax expense | (281) | (185) | (415) | (352) | (432) | (167) | ||
Income from continuing operations: | 878 | 599 | 1,344 | 1,473 | 1,323 | 509 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 1,473 | 1,323 | 509 | |
Net income: | 878 | 599 | 1,344 | 1,473 | 1,323 | 509 | ||
Net loss attributable to noncontrolling interest | (6) | (3) | (21) | (5) | (2) | (6) | ||
Net income attributable to parent: | 872 | 597 | 1,322 | 1,467 | 1,321 | 504 | ||
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: | 858 | 590 | 1,309 | 1,452 | 1,303 | 498 | ||
Other undisclosed net loss available to common stockholders, diluted | (1) | (1) | (1) | (1) | (2) | |||
Net income available to common stockholders, diluted: | 858 | 589 | 1,308 | 1,451 | 1,302 | 496 |
Comprehensive Income ($ in millions)Annual | Quarterly
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: | 878 | 599 | 1,344 | 1,473 | 1,323 | 509 | ||
Other comprehensive income | 1 | 1 | 0 | 0 | 3 | |||
Other undisclosed comprehensive loss | (3) | |||||||
Comprehensive income: | 878 | 600 | 1,341 | 1,473 | 1,323 | 512 | ||
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: | 872 | 597 | 1,323 | 1,468 | 1,321 | 507 |
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.