10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-15-002162 |
| Period End Date | 20150228 |
| Filing Date | 20150403 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | len-20150228.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
33 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.28B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$970.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$970.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$818.43M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$874.30M | USD | Point-in-time |
| Total consolidated VIEs assets |
VariableInterestEntityConsolidatedCarryingAmountAssets
|
$929.08M | USD | Point-in-time |
| Total consolidated VIEs assets |
VariableInterestEntityConsolidatedCarryingAmountAssets
|
$818.89M | USD | Point-in-time |
| Total assets |
Assets
|
$12.96B | USD | Point-in-time |
| Total assets |
Assets
|
$13.12B | USD | Point-in-time |
| Total consolidated VIEs liabilities |
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
$149.77M | USD | Point-in-time |
| Total consolidated VIEs liabilities |
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
$140.62M | USD | Point-in-time |
| Senior notes and other debts payable |
NotesPayable
|
$4.69B | USD | Point-in-time |
| Senior notes and other debts payable |
NotesPayable
|
$5.13B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$7.71B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$7.81B | USD | Point-in-time |
| Preferred stock |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock |
PreferredStockValue
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.25B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.24B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$2.77B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$2.66B | USD | Point-in-time |
| Treasury stock, at cost; February 28, 2015 - 346,702 shares of Class A common stock and 1,679,620 shares of Class B common stock; November 30, 2014 - 505,420 shares of Class A common stock and 1,679,620 shares of Class B common stock |
TreasuryStockValue
|
$85.41M | USD | Point-in-time |
| Treasury stock, at cost; February 28, 2015 - 346,702 shares of Class A common stock and 1,679,620 shares of Class B common stock; November 30, 2014 - 505,420 shares of Class A common stock and 1,679,620 shares of Class B common stock |
TreasuryStockValue
|
$93.44M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$4.95B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$4.83B | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$356.66M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$424.28M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.70B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.25B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.63B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.31B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$13.12B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$12.96B | USD | Point-in-time |
Income Statement
28 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total revenues |
Revenues
|
$1.36B | USD | 1 Quarter |
| Total revenues |
Revenues
|
$1.64B | USD | 1 Quarter |
| Corporate general and administrative |
GeneralAndAdministrativeExpense
|
$43.65M | USD | 1 Quarter |
| Corporate general and administrative |
GeneralAndAdministrativeExpense
|
$38.11M | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$1.24B | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$1.50B | USD | 1 Quarter |
| Other interest expense |
InterestExpenseOther
|
$4.07M | USD | 1 Quarter |
| Other interest expense |
InterestExpenseOther
|
$12.69M | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$125.88M | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$176.64M | USD | 1 Quarter |
| Provision (benefit) for income taxes |
IncomeTaxExpenseBenefit
|
$59.73M | USD | 1 Quarter |
| Provision (benefit) for income taxes |
IncomeTaxExpenseBenefit
|
$45.91M | USD | 1 Quarter |
| Net earnings (loss) (including net earnings (loss) attributable to noncontrolling interests) |
ProfitLoss
|
$79.97M | USD | 1 Quarter |
| Net earnings (loss) (including net earnings (loss) attributable to noncontrolling interests) |
ProfitLoss
|
$116.92M | USD | 1 Quarter |
| Less: Net earnings (loss) attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.95M | USD | 1 Quarter |
| Less: Net earnings (loss) attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.85M | USD | 1 Quarter |
| Net earnings attributable to Lennar |
NetIncomeLoss
|
$78.12M | USD | 1 Quarter |
| Net earnings attributable to Lennar |
NetIncomeLoss
|
$114.96M | USD | 1 Quarter |
| Basic earnings per share |
EarningsPerShareBasic
|
$0.38 | USD | 1 Quarter |
| Basic earnings per share |
EarningsPerShareBasic
|
$0.56 | USD | 1 Quarter |
| Diluted earnings per share |
EarningsPerShareDiluted
|
$0.35 | USD | 1 Quarter |
| Diluted earnings per share |
EarningsPerShareDiluted
|
$0.50 | USD | 1 Quarter |
| Cash dividends per each Class A and Class B common share |
CommonStockDividendsPerShareDeclared
|
$0.04 | USD | 1 Quarter |
| Cash dividends per each Class A and Class B common share |
CommonStockDividendsPerShareDeclared
|
$0.04 | USD | 1 Quarter |
| Comprehensive income (loss), net of tax, attributable to Lennar |
ComprehensiveIncomeNetOfTax
|
$114.96M | USD | 1 Quarter |
| Comprehensive income (loss), net of tax, attributable to Lennar |
ComprehensiveIncomeNetOfTax
|
$78.12M | USD | 1 Quarter |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$1.95M | USD | 1 Quarter |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$1.85M | USD | 1 Quarter |
Cash Flow Statement
72 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings (including net earnings attributable to noncontrolling interests) |
ProfitLoss
|
$79.97M | USD | 1 Quarter |
| Net earnings (including net earnings attributable to noncontrolling interests) |
ProfitLoss
|
$116.92M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$7.84M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$8.31M | USD | 1 Quarter |
| Amortization of discount/premium on debt, net |
AmortizationOfDebtDiscountPremium
|
$5.42M | USD | 1 Quarter |
| Amortization of discount/premium on debt, net |
AmortizationOfDebtDiscountPremium
|
$5.31M | USD | 1 Quarter |
| Share based compensation expense |
ShareBasedCompensation
|
$10.25M | USD | 1 Quarter |
| Share based compensation expense |
ShareBasedCompensation
|
$8.74M | USD | 1 Quarter |
| Excess tax benefits from share-based awards |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$137.00K | USD | 1 Quarter |
| Excess tax benefits from share-based awards |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$35.00K | USD | 1 Quarter |
| Deferred income tax (benefit) expense |
DeferredIncomeTaxExpenseBenefit
|
$27.62M | USD | 1 Quarter |
| Deferred income tax (benefit) expense |
DeferredIncomeTaxExpenseBenefit
|
$42.08M | USD | 1 Quarter |
| Gain on sale of operating property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| Gain on sale of operating property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$-6.47M | USD | 1 Quarter |
| Decrease (increase) in restricted cash |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$-27.01M | USD | 1 Quarter |
| Decrease (increase) in restricted cash |
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
$-4.41M | USD | 1 Quarter |
| Decrease (increase) in receivables |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$-69.08M | USD | 1 Quarter |
| Decrease (increase) in receivables |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$-210.67M | USD | 1 Quarter |
| Decrease (increase) in inventories, excluding valuation adjustments and write-offs of option deposits and pre-acquisition costs |
IncreaseDecreaseInInventories
|
$721.22M | USD | 1 Quarter |
| Decrease (increase) in inventories, excluding valuation adjustments and write-offs of option deposits and pre-acquisition costs |
IncreaseDecreaseInInventories
|
$592.01M | USD | 1 Quarter |
| Decrease (increase) in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-6.05M | USD | 1 Quarter |
| Decrease (increase) in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-18.52M | USD | 1 Quarter |
| Increase (decrease) in accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-74.06M | USD | 1 Quarter |
| Increase (decrease) in accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-209.67M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-394.61M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-730.26M | USD | 1 Quarter |
| Increase (decrease) in restricted cash |
IncreaseDecreaseInRestrictedCash
|
$-64.00K | USD | 1 Quarter |
| Increase (decrease) in restricted cash |
IncreaseDecreaseInRestrictedCash
|
$-560.00K | USD | 1 Quarter |
| Net disposals (additions) of operating properties and equipment |
NetDisposalsAdditionsOfOperatingPropertiesAndEquipment
|
$-3.53M | USD | 1 Quarter |
| Net disposals (additions) of operating properties and equipment |
NetDisposalsAdditionsOfOperatingPropertiesAndEquipment
|
$-28.95M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$75.27M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-67.19M | USD | 1 Quarter |
| Net borrowings (repayments) of debt |
ProceedsFromRepaymentsOfLinesOfCredit
|
$250.00M | USD | 1 Quarter |
| Net borrowings (repayments) of debt |
ProceedsFromRepaymentsOfLinesOfCredit
|
- | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$1.49M | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$4.20M | USD | 1 Quarter |
| Proceeds from other borrowings |
ProceedsFromOtherDebt
|
$15.33M | USD | 1 Quarter |
| Proceeds from other borrowings |
ProceedsFromOtherDebt
|
$46.63M | USD | 1 Quarter |
| Principal payments on other borrowings |
RepaymentsOfOtherDebt
|
$108.05M | USD | 1 Quarter |
| Principal payments on other borrowings |
RepaymentsOfOtherDebt
|
$87.50M | USD | 1 Quarter |
| Exercise of land option contracts from an unconsolidated land investment venture |
ExerciseOfLandOptionContractsFromUnconsolidatedLandInvestmentVenture
|
- | USD | 1 Quarter |
| Exercise of land option contracts from an unconsolidated land investment venture |
ExerciseOfLandOptionContractsFromUnconsolidatedLandInvestmentVenture
|
$1.54M | USD | 1 Quarter |
| Receipts related to noncontrolling interests |
ProceedsFromMinorityShareholders
|
$1.30M | USD | 1 Quarter |
| Receipts related to noncontrolling interests |
ProceedsFromMinorityShareholders
|
$74.00K | USD | 1 Quarter |
| Payments related to noncontrolling interests |
PaymentsToMinorityShareholders
|
$57.63M | USD | 1 Quarter |
| Payments related to noncontrolling interests |
PaymentsToMinorityShareholders
|
$32.61M | USD | 1 Quarter |
| Excess tax benefits from share-based awards |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$35.00K | USD | 1 Quarter |
| Excess tax benefits from share-based awards |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$137.00K | USD | 1 Quarter |
| Issuances |
ProceedsFromIssuanceOfCommonStock
|
$8.23M | USD | 1 Quarter |
| Issuances |
ProceedsFromIssuanceOfCommonStock
|
$12.42M | USD | 1 Quarter |
| Repurchases |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Repurchases |
PaymentsForRepurchaseOfCommonStock
|
$186.00K | USD | 1 Quarter |
| Payments of Ordinary Dividends, Common Stock |
PaymentsOfDividendsCommonStock
|
$8.17M | USD | 1 Quarter |
| Payments of Ordinary Dividends, Common Stock |
PaymentsOfDividendsCommonStock
|
$8.21M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$334.07M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$223.13M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-463.38M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-96.21M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.28B | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$970.50M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$970.50M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$818.43M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$874.30M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.28B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$970.50M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$970.50M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$818.43M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$874.30M | USD | Point-in-time |
| Operating properties and equipment |
Noncashconsolidateddeconsolidatedotherassetsdisclosure
|
$22.50M | USD | 1 Quarter |
| Operating properties and equipment |
Noncashconsolidateddeconsolidatedotherassetsdisclosure
|
$-17.42M | USD | 1 Quarter |
| Noncontrolling interests |
Noncashconsolidateddeconsolidatednoncontrollinginterests
|
$-12.00M | USD | 1 Quarter |
| Noncontrolling interests |
Noncashconsolidateddeconsolidatednoncontrollinginterests
|
$13.25M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.