Lennar Corporation (LEN) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
700 NW 107TH AVENUE MIAMI, FL 33172 |
| 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)
| 11/30/2021 | 11/30/2020 | 11/30/2019 | 11/30/2018 | 11/30/2017 | 11/30/2016 | 11/30/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,863 | 1,558 | 2,651 | 1,330 | 1,158 | ||||
| Cash and cash equivalents | 2,863 | 1,558 | 2,651 | 1,330 | 1,158 | ||||
| Total current assets: | 2,863 | 1,558 | 2,651 | 1,330 | 1,158 | ||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 156 | 113 | ✕ | ✕ | ✕ | ✕ | |||
| Inventory, real estate | 17,175 | ||||||||
| Property, plant and equipment | 340 | 412 | 280 | 320 | 215 | 174 | 116 | ||
| Long-term investments and receivables | 1,972 | 2,134 | |||||||
| Long-term investments | 1,972 | 2,134 | |||||||
| Intangible assets, net (including goodwill) | 3,632 | ||||||||
| Goodwill | 3,632 | ||||||||
| Total noncurrent assets: | 2,468 | 23,466 | 280 | 320 | 215 | 174 | 116 | ||
| Other undisclosed assets | 30,740 | 3,606 | 29,080 | 26,688 | 15,879 | 13,859 | 13,146 | ||
| TOTAL ASSETS: | 33,208 | 29,935 | 29,360 | 28,566 | 18,745 | 15,362 | 14,420 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 12,211 | 11,836 | 13,326 | 13,883 | 10,759 | 8,150 | 8,469 | ||
| Total liabilities: | 12,211 | 11,836 | 13,326 | 13,883 | 10,759 | 8,150 | 8,469 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 20,816 | 17,995 | 15,950 | 14,582 | 7,872 | 7,026 | 5,649 | ||
| Treasury stock, value | (2,709) | (1,279) | (958) | (436) | (136) | (109) | (108) | ||
| Additional paid in capital | 8,808 | 8,676 | 8,578 | 8,497 | 3,142 | 2,805 | 2,306 | ||
| Accumulated other comprehensive income (loss) | (1) | (1) | 0 | (0) | 1 | (0) | 0 | ||
| Retained earnings | 14,685 | 10,565 | 8,295 | 6,488 | 4,841 | 4,306 | 3,430 | ||
| Other undisclosed stockholders' equity attributable to parent | 34 | 34 | 34 | 33 | 24 | 24 | 21 | ||
| Stockholders' equity attributable to noncontrolling interest | 180 | 105 | 84 | 101 | 114 | 186 | 301 | ||
| Total stockholders' equity: | 20,996 | 18,099 | 16,034 | 14,683 | 7,986 | 7,212 | 5,950 | ||
| TOTAL LIABILITIES AND EQUITY: | 33,208 | 29,935 | 29,360 | 28,566 | 18,745 | 15,362 | 14,420 | ||
Income Statement (P&L) ($ in millions)
| 11/30/2021 | 11/30/2020 | 11/30/2019 | 11/30/2018 | 11/30/2017 | 11/30/2016 | 11/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 27,131 | 22,489 | 22,260 | 20,572 | 12,646 | 10,950 | 9,474 | |
| Cost of revenue | (21,654) | (18,951) | (19,395) | (18,177) | (10,985) | (9,429) | (8,105) | |
| Gross profit: | 5,477 | 3,538 | 2,865 | 2,395 | 1,662 | 1,521 | 1,369 | |
| Operating expenses | (398) | (422) | (403) | (558) | (323) | (259) | (283) | |
| Other undisclosed operating income | 314 | 626 | 137 | 301 | 340 | |||
| Operating income: | 5,078 | 3,116 | 2,775 | 2,463 | 1,476 | 1,563 | 1,426 | |
| Nonoperating income (Investment Income, Nonoperating) | 61 | |||||||
| Interest and debt expense | 2 | (8) | (5) | (4) | ||||
| Income from continuing operations before equity method investments, income taxes: | 5,081 | 3,169 | 2,775 | 2,463 | 1,476 | 1,558 | 1,422 | |
| Income (loss) from equity method investments | 49 | (22) | 3 | (31) | 49 | 55 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 689 | (23) | (344) | (170) | (335) | (283) | (213) | |
| Income from continuing operations before income taxes: | 5,819 | 3,124 | 2,434 | 2,263 | 1,190 | 1,330 | 1,210 | |
| Income tax expense | (1,363) | (656) | (592) | (545) | (418) | (417) | (390) | |
| Net income: | 4,457 | 2,468 | 1,842 | 1,718 | 772 | 913 | 819 | |
| Net income (loss) attributable to noncontrolling interest | (26) | (3) | 7 | (22) | 39 | (1) | (16) | |
| Net income attributable to parent: | 4,430 | 2,465 | 1,849 | 1,696 | 810 | 912 | 803 | |
| Preferred stock dividends and other adjustments | (3) | (2) | (0) | (0) | (0) | (0) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (50) | (27) | (16) | (14) | ✕ | ✕ | ||
| Other undisclosed net loss available to common stockholders, basic | (7) | (9) | (9) | |||||
| Net income available to common stockholders, basic: | 4,377 | 2,437 | 1,833 | 1,681 | 803 | 903 | 794 | |
| Interest on convertible debt | 6 | 8 | ||||||
| Other undisclosed net loss available to common stockholders, diluted | (3) | (9) | (4) | (3) | (1) | (1) | (3) | |
| Net income available to common stockholders, diluted: | 4,374 | 2,428 | 1,829 | 1,678 | 802 | 908 | 799 | |
Comprehensive Income ($ in millions)
| 11/30/2021 | 11/30/2020 | 11/30/2019 | 11/30/2018 | 11/30/2017 | 11/30/2016 | 11/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 4,457 | 2,468 | 1,842 | 1,718 | 772 | 913 | 819 | |
| Comprehensive income: | 4,457 | 2,468 | 1,842 | 1,718 | 772 | 913 | 819 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (26) | (3) | 7 | (22) | 39 | (1) | (16) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1) | (1) | 1 | (1) | 1 | (0) | (0) | |
| Comprehensive income, net of tax, attributable to parent: | 4,430 | 2,464 | 1,850 | 1,694 | 812 | 911 | 803 | |
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.