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 1,5582,6511,3301,158
Cash and cash equivalents 2,863 1,5582,6511,3301,158
Total current assets: 2,863 1,5582,6511,3301,158
Noncurrent Assets
Operating lease, right-of-use asset156113 
Inventory, real estate 17,175     
Property, plant and equipment340412280320215174116
Long-term investments and receivables1,9722,134     
Long-term investments1,9722,134     
Intangible assets, net (including goodwill) 3,632     
Goodwill 3,632     
Total noncurrent assets:2,46823,466280320215174116
Other undisclosed assets30,7403,60629,08026,68815,87913,85913,146
TOTAL ASSETS:33,20829,93529,36028,56618,74515,36214,420
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities12,21111,83613,32613,88310,7598,1508,469
Total liabilities:12,21111,83613,32613,88310,7598,1508,469
Stockholders' equity
Stockholders' equity attributable to parent, including:20,81617,99515,95014,5827,8727,0265,649
Treasury stock, value(2,709)(1,279)(958)(436)(136)(109)(108)
Additional paid in capital8,8088,6768,5788,4973,1422,8052,306
Accumulated other comprehensive income (loss)(1)(1)0(0)1(0)0
Retained earnings14,68510,5658,2956,4884,8414,3063,430
Other undisclosed stockholders' equity attributable to parent34343433242421
Stockholders' equity attributable to noncontrolling interest18010584101114186301
Total stockholders' equity:20,99618,09916,03414,6837,9867,2125,950
TOTAL LIABILITIES AND EQUITY:33,20829,93529,36028,56618,74515,36214,420

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
Revenues27,13122,48922,26020,57212,64610,9509,474
Cost of revenue(21,654)(18,951)(19,395)(18,177)(10,985)(9,429)(8,105)
Gross profit:5,4773,5382,8652,3951,6621,5211,369
Operating expenses(398)(422)(403)(558)(323)(259)(283)
Other undisclosed operating income  314626137301340
Operating income:5,0783,1162,7752,4631,4761,5631,426
Nonoperating income
(Investment Income, Nonoperating)
 61     
Interest and debt expense2(8)   (5)(4)
Income from continuing operations before equity method investments, income taxes:5,0813,1692,7752,4631,4761,5581,422
Income (loss) from equity method investments49(22)3(31)4955 
Other undisclosed income (loss) from continuing operations before income taxes689(23)(344)(170)(335)(283)(213)
Income from continuing operations before income taxes:5,8193,1242,4342,2631,1901,3301,210
Income tax expense(1,363)(656)(592)(545)(418)(417)(390)
Net income:4,4572,4681,8421,718772913819
Net income (loss) attributable to noncontrolling interest(26)(3)7(22)39(1)(16)
Net income attributable to parent:4,4302,4651,8491,696810912803
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:4,3772,4371,8331,681803903794
Interest on convertible debt     68
Other undisclosed net loss available to common stockholders, diluted(3)(9)(4)(3)(1)(1)(3)
Net income available to common stockholders, diluted:4,3742,4281,8291,678802908799

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:4,4572,4681,8421,718772913819
Comprehensive income:4,4572,4681,8421,718772913819
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:4,4302,4641,8501,694812911803

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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