Lennar Corporation (LEN) financial statements (2021 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)

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,863 1,5582,6511,3301,1581,282
Cash and cash equivalents2,863 1,5582,6511,3301,1581,282
Total current assets:2,863 1,5582,6511,3301,1581,282
Noncurrent Assets
Operating lease, right-of-use asset113 
Inventory, real estate17,175      
Property, plant and equipment412280320215174116143
Long-term investments and receivables2,134      
Long-term investments2,134      
Intangible assets, net (including goodwill)3,632     44
Goodwill3,632     44
Total noncurrent assets:23,466280320215174116187
Other undisclosed assets3,60629,08026,68815,87913,85913,14611,489
TOTAL ASSETS:29,93529,36028,56618,74515,36214,42012,958
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities11,83613,32613,88310,7598,1508,4697,707
Total liabilities:11,83613,32613,88310,7598,1508,4697,707
Stockholders' equity
Stockholders' equity attributable to parent, including:17,99515,95014,5827,8727,0265,6494,827
Treasury stock, value(1,279)(958)(436)(136)(109)(108)(93)
Additional paid in capital8,6768,5788,4973,1422,8052,3062,240
Accumulated other comprehensive income (loss)(1)0(0)1(0)0 
Retained earnings10,5658,2956,4884,8414,3063,4302,660
Other undisclosed stockholders' equity attributable to parent34343324242121
Stockholders' equity attributable to noncontrolling interest10584101114186301424
Total stockholders' equity:18,09916,03414,6837,9867,2125,9505,251
TOTAL LIABILITIES AND EQUITY:29,93529,36028,56618,74515,36214,42012,958

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

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Revenues22,48922,26020,57212,64610,9509,4747,780
Cost of revenue(18,951)(19,395)(18,177)(10,985)(9,429)(8,105)(6,597)
Gross profit:3,5382,8652,3951,6621,5211,3691,183
Operating expenses(422)(403)(558)(323)(259)(283)(261)
Other undisclosed operating income 314626137301340225
Operating income:3,1162,7752,4631,4761,5631,4261,147
Nonoperating income
(Investment Income, Nonoperating)
61      
Interest and debt expense(8)   (5)(4)(202)
Income from continuing operations before equity method investments, income taxes:3,1692,7752,4631,4761,5581,422945
Income (loss) from equity method investments(22)3(31)4955  
Other undisclosed income (loss) from continuing operations before income taxes(23)(344)(170)(335)(283)(213)24
Income from continuing operations before income taxes:3,1242,4342,2631,1901,3301,210970
Income tax expense(656)(592)(545)(418)(417)(390)(341)
Net income:2,4681,8421,718772913819629
Net income (loss) attributable to noncontrolling interest(3)7(22)39(1)(16)10
Net income attributable to parent:2,4651,8491,696810912803639
Preferred stock dividends and other adjustments(2)(0)(0)(0)(0)  
Undistributed earnings (loss) allocated to participating securities, basic(27)(16)(14) 
Other undisclosed net loss available to common stockholders, basic   (7)(9)(9)(8)
Net income available to common stockholders, basic:2,4371,8331,681803903794631
Interest on convertible debt    688
Other undisclosed net income (loss) available to common stockholders, diluted(9)(4)(3)(1)(1)(3)1
Net income available to common stockholders, diluted:2,4281,8291,678802908799640

Comprehensive Income ($ in millions)

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Net income:2,4681,8421,718772913819629
Comprehensive income:2,4681,8421,718772913819629
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)7(22)39(1)(16)10
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)1(1)1(0)(0) 
Comprehensive income, net of tax, attributable to parent:2,4641,8501,694812911803639

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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