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10-Q Filing

LENNAR CORP /NEW/ CIK: 920760 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001628280-19-004004
Period End Date 20190228
Filing Date 20190408
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance len-2019228x10qq1_htm.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 28 line items
Line Item Tag Value Unit Period
Total assets Assets $28.57B USD Point-in-time
Total assets Assets $28.75B USD Point-in-time
Total liabilities Liabilities $13.88B USD Point-in-time
Total assets Assets $28.57B USD Point-in-time
Total assets Assets $28.75B USD Point-in-time
Total liabilities Liabilities $13.86B USD Point-in-time
Total liabilities Liabilities $13.88B USD Point-in-time
Total liabilities Liabilities $13.86B USD Point-in-time
Preferred stock PreferredStockValue - USD Point-in-time
Preferred stock PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $8.51B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $8.50B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.72B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.49B USD Point-in-time
Treasury stock, at cost; February 28, 2019 - 9,584,236 shares of Class A common stock and 1,699,078 shares of Class B common stock; November 30, 2018 - 8,498,203 shares of Class A common stock and 1,698,424 shares of Class B common stock TreasuryStockValue $435.87M USD Point-in-time
Treasury stock, at cost; February 28, 2019 - 9,584,236 shares of Class A common stock and 1,699,078 shares of Class B common stock; November 30, 2018 - 8,498,203 shares of Class A common stock and 1,698,424 shares of Class B common stock TreasuryStockValue $485.02M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-366.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-158.00K USD Point-in-time
Total stockholders equity StockholdersEquity $14.58B USD Point-in-time
Total stockholders equity StockholdersEquity $14.79B USD Point-in-time
Noncontrolling interests MinorityInterest $106.88M USD Point-in-time
Noncontrolling interests MinorityInterest $101.42M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $13.17B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $7.99B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $14.68B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $14.89B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $28.57B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $28.75B USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
Revenues Revenues $2.98B USD 1 Quarter
Revenues Revenues $3.87B USD 1 Quarter
Acquisition and integration costs related to CalAtlantic BusinessCombinationAcquisitionRelatedCosts - USD 1 Quarter
Corporate general and administrative GeneralAndAdministrativeExpense $67.81M USD 1 Quarter
Corporate general and administrative GeneralAndAdministrativeExpense $79.34M USD 1 Quarter
Total costs and expenses CostsAndExpenses $2.87B USD 1 Quarter
Total costs and expenses CostsAndExpenses $3.55B USD 1 Quarter
Equity in earnings (loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $-5.71M USD 1 Quarter
Equity in earnings (loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $-2.43M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $269.43M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $319.12M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $79.70M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $132.61M USD 1 Quarter
Net earnings (including net earnings (loss) attributable to noncontrolling interests) ProfitLoss $239.42M USD 1 Quarter
Net earnings (including net earnings (loss) attributable to noncontrolling interests) ProfitLoss $136.82M USD 1 Quarter
Less: Net earnings (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $602.00K USD 1 Quarter
Less: Net earnings (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-486.00K USD 1 Quarter
Net earnings attributable to Lennar NetIncomeLoss $136.22M USD 1 Quarter
Net earnings attributable to Lennar NetIncomeLoss $239.91M USD 1 Quarter
Net unrealized gain (loss) on securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $208.00K USD 1 Quarter
Net unrealized gain (loss) on securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-658.00K USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-658.00K USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $208.00K USD 1 Quarter
Total comprehensive income attributable to Lennar ComprehensiveIncomeNetOfTax $135.56M USD 1 Quarter
Total comprehensive income attributable to Lennar ComprehensiveIncomeNetOfTax $240.12M USD 1 Quarter
Total comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-486.00K USD 1 Quarter
Total comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $602.00K USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.53 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.74 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.53 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.74 USD 1 Quarter
Write down of deferred tax asset resulting from Tax Cuts and Jobs Act TaxCutsandJobsActIncompleteAccountingChangeinTaxRateDeferredTaxAssetProvisionalIncomeTaxExpense $68.60M USD 1 Quarter
Cash Flow Statement 108 line items
Line Item Tag Value Unit Period
Net earnings (including net earnings (loss) attributable to noncontrolling interests) ProfitLoss $239.42M USD 1 Quarter
Net earnings (including net earnings (loss) attributable to noncontrolling interests) ProfitLoss $136.82M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $18.36M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $19.57M USD 1 Quarter
Amortization of discount/premium and accretion on debt, net AmortizationOfDebtDiscountPremium $40.00K USD 1 Quarter
Amortization of discount/premium and accretion on debt, net AmortizationOfDebtDiscountPremium $-7.05M USD 1 Quarter
Equity in loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $-5.71M USD 1 Quarter
Equity in loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $-2.43M USD 1 Quarter
Distributions of earnings from unconsolidated entities EquityMethodInvestmentDividendsOrDistributions $3.49M USD 1 Quarter
Distributions of earnings from unconsolidated entities EquityMethodInvestmentDividendsOrDistributions $3.54M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $17.77M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $16.90M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxesAndTaxCredits $65.88M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxesAndTaxCredits $33.79M USD 1 Quarter
Gain on sale of operating properties and equipment GainLossOnSaleOfPropertyPlantEquipment $207.00K USD 1 Quarter
Gain on sale of operating properties and equipment GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Gain on sale of interest in unconsolidated entity and other Multifamily gain EquityMethodInvestmentRealizedGainLossOnDisposal $10.87M USD 1 Quarter
Gain on sale of interest in unconsolidated entity and other Multifamily gain EquityMethodInvestmentRealizedGainLossOnDisposal $164.88M USD 1 Quarter
Gain on sale of Financial Services' retail mortgage and real estate brokerage business DisposalGroupNotDiscontinuedOperationGainLossOnDisposal - USD 1 Quarter
Gain on sale of Financial Services' retail mortgage and real estate brokerage business DisposalGroupNotDiscontinuedOperationGainLossOnDisposal $1.66M USD 1 Quarter
Unrealized and realized gains on real estate owned GainsLossesOnSalesOfOtherRealEstate $883.00K USD 1 Quarter
Unrealized and realized gains on real estate owned GainsLossesOnSalesOfOtherRealEstate $938.00K USD 1 Quarter
Impairments of loans receivable, loans held-for-sale and real estate owned ImpairmentofLoansReceivableandRealEstateOwned - USD 1 Quarter
Impairments of loans receivable, loans held-for-sale and real estate owned ImpairmentofLoansReceivableandRealEstateOwned $5.49M USD 1 Quarter
Valuation adjustments and write-offs of option deposits and pre-acquisition costs ValuationAdjustmentsandWriteoffsofOptionDepositsPreacquisitionsCostsandOtherAssets $12.05M USD 1 Quarter
Valuation adjustments and write-offs of option deposits and pre-acquisition costs ValuationAdjustmentsandWriteoffsofOptionDepositsPreacquisitionsCostsandOtherAssets $6.91M USD 1 Quarter
Decrease (increase) in receivables IncreaseDecreaseInReceivables $-394.68M USD 1 Quarter
Decrease (increase) in receivables IncreaseDecreaseInReceivables $22.41M USD 1 Quarter
Increase in inventories, excluding valuation adjustments and write-offs of option deposits and pre-acquisition costs IncreaseDecreaseInInventories $548.73M USD 1 Quarter
Increase in inventories, excluding valuation adjustments and write-offs of option deposits and pre-acquisition costs IncreaseDecreaseInInventories $1.07B USD 1 Quarter
Decrease (increase) in other assets IncreaseDecreaseInOtherOperatingAssets $-49.02M USD 1 Quarter
Decrease (increase) in other assets IncreaseDecreaseInOtherOperatingAssets $26.58M USD 1 Quarter
Decrease in loans held-for-sale IncreaseDecreaseInLoansHeldForSale $-422.99M USD 1 Quarter
Decrease in loans held-for-sale IncreaseDecreaseInLoansHeldForSale $-156.72M USD 1 Quarter
Decrease in accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-46.33M USD 1 Quarter
Decrease in accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-387.68M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-155.53M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-524.42M USD 1 Quarter
Net additions of operating properties and equipment PaymentsToAcquirePropertyPlantAndEquipment $27.39M USD 1 Quarter
Net additions of operating properties and equipment PaymentsToAcquirePropertyPlantAndEquipment $40.81M USD 1 Quarter
Proceeds from sale of investment in unconsolidated entity ProceedsFromSaleOfEquityMethodInvestments $175.18M USD 1 Quarter
Proceeds from sale of investment in unconsolidated entity ProceedsFromSaleOfEquityMethodInvestments $17.79M USD 1 Quarter
Proceeds from sale of Financial Services' retail mortgage and real estate brokerage business ProceedsFromDivestitureOfBusinessesNetOfCashDivested $24.45M USD 1 Quarter
Proceeds from sale of Financial Services' retail mortgage and real estate brokerage business ProceedsFromDivestitureOfBusinessesNetOfCashDivested - USD 1 Quarter
Investments in and contributions to unconsolidated entities PaymentsToAcquireEquityMethodInvestments $62.58M USD 1 Quarter
Investments in and contributions to unconsolidated entities PaymentsToAcquireEquityMethodInvestments $133.92M USD 1 Quarter
Distributions of capital from unconsolidated entities ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $70.08M USD 1 Quarter
Distributions of capital from unconsolidated entities ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $20.93M USD 1 Quarter
Proceeds from sales of real estate owned ProceedsFromSaleOfForeclosedAssets $2.70M USD 1 Quarter
Proceeds from sales of real estate owned ProceedsFromSaleOfForeclosedAssets $18.08M USD 1 Quarter
Purchases of commercial mortgage-backed securities bonds PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsHeldToMaturity - USD 1 Quarter
Purchases of commercial mortgage-backed securities bonds PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsHeldToMaturity $31.07M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $1.08B USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
(Increase) decrease in Financial Services loans held-for-investment, net PaymentsForProceedsFromLoansAndLeases $11.21M USD 1 Quarter
(Increase) decrease in Financial Services loans held-for-investment, net PaymentsForProceedsFromLoansAndLeases $-1.59M USD 1 Quarter
Purchases of Financial Services investment securities PaymentsToAcquireMarketableSecurities $31.30M USD 1 Quarter
Purchases of Financial Services investment securities PaymentsToAcquireMarketableSecurities $20.89M USD 1 Quarter
Proceeds from maturities/sales of Financial Services investments securities ProceedsFromSaleMaturityAndCollectionsOfInvestments $9.44M USD 1 Quarter
Proceeds from maturities/sales of Financial Services investments securities ProceedsFromSaleMaturityAndCollectionsOfInvestments $10.47M USD 1 Quarter
Other proceeds, net PaymentsforOtherInvestingActivitiesNet $-1.88M USD 1 Quarter
Other proceeds, net PaymentsforOtherInvestingActivitiesNet $-1.38M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-77.99M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-1.00B USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $12.04M USD 1 Quarter
Proceeds from other borrowings ProceedsFromOtherDebt $32.81M USD 1 Quarter
Proceeds from other borrowings ProceedsFromOtherDebt $10.45M USD 1 Quarter
Principal payments on other borrowings RepaymentsOfOtherDebt $92.98M USD 1 Quarter
Principal payments on other borrowings RepaymentsOfOtherDebt $115.55M USD 1 Quarter
Payments related to other liabilities ProceedsFromPaymentsForOtherFinancingActivities $-1.48M USD 1 Quarter
Payments related to other liabilities ProceedsFromPaymentsForOtherFinancingActivities $-447.00K USD 1 Quarter
Receipts related to noncontrolling interests ProceedsFromMinorityShareholders $8.35M USD 1 Quarter
Receipts related to noncontrolling interests ProceedsFromMinorityShareholders $3.85M USD 1 Quarter
Payments related to noncontrolling interests PaymentsToMinorityShareholders $11.30M USD 1 Quarter
Payments related to noncontrolling interests PaymentsToMinorityShareholders $23.76M USD 1 Quarter
Issuances ProceedsFromIssuanceOfCommonStock $607.00K USD 1 Quarter
Issuances ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Repurchases PaymentsForRepurchaseOfCommonStock $49.14M USD 1 Quarter
Repurchases PaymentsForRepurchaseOfCommonStock $25.36M USD 1 Quarter
Dividends PaymentsOfDividendsCommonStock $9.62M USD 1 Quarter
Dividends PaymentsOfDividendsCommonStock $12.86M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-450.35M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $69.02M USD 1 Quarter
Net decrease in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-533.39M USD 1 Quarter
Net decrease in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-1.61B USD 1 Quarter
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.60B USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.69B USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.08B USD Point-in-time
Cash and cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.06B USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.60B USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.69B USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.08B USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.06B USD Point-in-time
Inventories NoncashConsolidationDeconsolidationInventory $35.43M USD 1 Quarter
Inventories NoncashConsolidationDeconsolidationInventory - USD 1 Quarter
Receivables NoncashConsolidationDeconsolidationReceivables $7.20M USD 1 Quarter
Receivables NoncashConsolidationDeconsolidationReceivables - USD 1 Quarter
Operating properties and equipment and other assets NoncashConsolidationDeconsolidationPropertyPlantandEquipmentandOtherAssets $51.60M USD 1 Quarter
Operating properties and equipment and other assets NoncashConsolidationDeconsolidationPropertyPlantandEquipmentandOtherAssets - USD 1 Quarter
Investments in unconsolidated entities NoncashConsolidationDeconsolidationEquityMethodInvestments $-25.61M USD 1 Quarter
Investments in unconsolidated entities NoncashConsolidationDeconsolidationEquityMethodInvestments $-4.75M USD 1 Quarter
Notes payable NoncashConsolidationDeconsolidationNotesPayable $-36.11M USD 1 Quarter
Notes payable NoncashConsolidationDeconsolidationNotesPayable - USD 1 Quarter
Other liabilities NoncashConsolidationDeconsolidationOtherLiabilities $-1.84M USD 1 Quarter
Other liabilities NoncashConsolidationDeconsolidationOtherLiabilities $-17.01M USD 1 Quarter
Noncontrolling interests NoncashConsolidationDeconsolidationNoncontrollinginterests $-8.89M USD 1 Quarter
Noncontrolling interests NoncashConsolidationDeconsolidationNoncontrollinginterests - USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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