Lennar Corporation (LEN) financial statements (2020 and earlier)

Company profile

Business Address 700 NW 107TH AVENUE
MIAMI, FL 33172
State of Incorp. DE
Fiscal Year End November 30
SIC 152 - General Building Contractors-residential (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,5582,6511,3301,1581,282971
Cash and cash equivalents 1,5582,6511,3301,1581,282971
Receivables      109
Total current assets: 1,5582,6511,3301,1581,2821,080
Noncurrent Assets
Property, plant and equipment280320215174116143127
Intangible assets, net (including goodwill)     44
Goodwill     44 
Total noncurrent assets:280320215174116187127
Other undisclosed assets29,08026,68815,87913,85913,14611,48910,066
TOTAL ASSETS:29,36028,56618,74515,36214,42012,95811,273
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities13,32613,88310,7598,1508,4697,7076,646
Total liabilities:13,32613,88310,7598,1508,4697,7076,646
Stockholders' equity
Stockholders' equity attributable to parent, including:15,95014,5827,8727,0265,6494,8274,169
Treasury stock, value(958)(436)(136)(109)(108)(93)(628)
Additional paid in capital8,5788,4973,1422,8052,3062,2402,721
Accumulated other comprehensive income (loss)0(0)1(0)0  
Retained earnings8,2956,4884,8414,3063,4302,6602,054
Other undisclosed stockholders' equity attributable to parent34332424212122
Stockholders' equity attributable to noncontrolling interest84101114186301424459
Total stockholders' equity:16,03414,6837,9867,2125,9505,2514,627
TOTAL LIABILITIES AND EQUITY:29,36028,56618,74515,36214,42012,95811,273

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

11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
Revenues22,26020,57212,64610,9509,4747,7805,935
Cost of revenue(19,395)(18,177)(10,985)(9,429)(8,105)(6,597)(5,027)
Gross profit:2,8652,3951,6621,5211,3691,183909
Operating expenses(403)(558)(323)(259)(283)(261)(223)
Other undisclosed operating income314626137301340225142
Operating income:2,7752,4631,4761,5631,4261,147828
Nonoperating income (expense)
(profit from Real Estate Operations)
      14
Interest and debt expense   (5)(4)(202)(214)
Income from continuing operations before equity method investments, income taxes:2,7752,4631,4761,5581,422945628
Income (loss) from equity method investments3(31)4955   
Other undisclosed income (loss) from continuing operations before income taxes(344)(170)(335)(283)(213)2454
Income from continuing operations before income taxes:2,4342,2631,1901,3301,210970682
Income tax expense(592)(545)(418)(417)(390)(341)(177)
Net income:1,8421,718772913819629505
Net income (loss) attributable to noncontrolling interest7(22)39(1)(16)10(25)
Net income attributable to parent:1,8491,696810912803639480
Preferred stock dividends and other adjustments(0)(0)(0)(0)   
Undistributed earnings (loss) allocated to participating securities, basic(16)(14) 
Other undisclosed net loss available to common stockholders, basic  (7)(9)(9)(8)(7)
Net income available to common stockholders, basic:1,8331,681803903794631473
Interest on convertible debt   68811
Other undisclosed net income (loss) available to common stockholders, diluted(4)(3)(1)(1)(3)11
Net income available to common stockholders, diluted:1,8291,678802908799640485

Comprehensive Income ($ in millions)

11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
Net income:1,8421,718772913819629505
Comprehensive income:1,8421,718772913819629505
Comprehensive income (loss), net of tax, attributable to noncontrolling interest7(22)39(1)(16)1025
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(1)1(0)(0) (51)
Comprehensive income, net of tax, attributable to parent:1,8501,694812911803639480

Statements sources

The financial statements are based on the company's filings with the 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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