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10-Q Filing

LENNAR CORP /NEW/ CIK: 920760 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001628280-20-004762
Period End Date 20200229
Filing Date 20200407
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance len-2020229x10qq1_htm.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.05B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.45B USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $22.56M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $22.70M USD Point-in-time
Receivables, net AccountsReceivableNet $674.08M USD Point-in-time
Receivables, net AccountsReceivableNet $906.88M USD Point-in-time
Total assets Assets $29.17B USD Point-in-time
Total assets Assets $29.36B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.05B USD Point-in-time
Total inventories InventoryOperativeBuilders $19.00B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.45B USD Point-in-time
Total inventories InventoryOperativeBuilders $18.09B USD Point-in-time
Investments in unconsolidated entities EquityMethodInvestments $1.97B USD Point-in-time
Investments in unconsolidated entities EquityMethodInvestments $1.94B USD Point-in-time
Receivables, net AccountsReceivableNet $674.08M USD Point-in-time
Receivables, net AccountsReceivableNet $906.88M USD Point-in-time
Goodwill Goodwill $3.66B USD Point-in-time
Goodwill Goodwill $3.66B USD Point-in-time
Other assets OtherAssets $1.34B USD Point-in-time
Other assets OtherAssets $1.25B USD Point-in-time
Total assets Assets $29.17B USD Point-in-time
Total assets Assets $29.36B USD Point-in-time
Investments in unconsolidated entities EquityMethodInvestments $1.97B USD Point-in-time
Investments in unconsolidated entities EquityMethodInvestments $1.94B USD Point-in-time
Other assets OtherAssets $1.34B USD Point-in-time
Other assets OtherAssets $1.25B USD Point-in-time
Total liabilities Liabilities $12.98B USD Point-in-time
Total liabilities Liabilities $13.33B USD Point-in-time
Other liabilities OtherLiabilities $3.75B USD Point-in-time
Other liabilities OtherLiabilities $3.86B USD Point-in-time
Total liabilities Liabilities $12.98B USD Point-in-time
Total liabilities Liabilities $13.33B USD Point-in-time
Other liabilities OtherLiabilities $3.75B USD Point-in-time
Other liabilities OtherLiabilities $3.86B USD Point-in-time
Preferred stock PreferredStockValue - USD Point-in-time
Preferred stock PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $8.61B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $8.58B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $8.30B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $8.65B USD Point-in-time
Treasury stock, at cost; February 29, 2020 - 23,400,879 shares of Class A common stock and 1,819,826 shares of Class B common stock; November 30, 2019 - 18,964,973 shares of Class A common stock and 1,704,630 shares of Class B common stock TreasuryStockValue $1.25B USD Point-in-time
Treasury stock, at cost; February 29, 2020 - 23,400,879 shares of Class A common stock and 1,819,826 shares of Class B common stock; November 30, 2019 - 18,964,973 shares of Class A common stock and 1,704,630 shares of Class B common stock TreasuryStockValue $957.86M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $498.00K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $452.00K USD Point-in-time
Total stockholders equity StockholdersEquity $15.95B USD Point-in-time
Total stockholders equity StockholdersEquity $16.04B USD Point-in-time
Noncontrolling interests MinorityInterest $84.31M USD Point-in-time
Noncontrolling interests MinorityInterest $148.78M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $14.68B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $14.89B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $16.19B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $16.03B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $29.17B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $29.36B USD Point-in-time
Income Statement 30 line items
Line Item Tag Value Unit Period
Revenues Revenues $4.51B USD 1 Quarter
Revenues Revenues $3.87B USD 1 Quarter
Corporate general and administrative GeneralAndAdministrativeExpense $86.85M USD 1 Quarter
Corporate general and administrative GeneralAndAdministrativeExpense $79.34M USD 1 Quarter
Total costs and expenses CostsAndExpenses $3.55B USD 1 Quarter
Total costs and expenses CostsAndExpenses $4.08B USD 1 Quarter
Equity in earnings (loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $-2.57M USD 1 Quarter
Equity in earnings (loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $-5.71M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $423.55M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $319.12M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $32.33M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $79.70M USD 1 Quarter
Net earnings (including net loss attributable to noncontrolling interests) ProfitLoss $391.22M USD 1 Quarter
Net earnings (including net loss attributable to noncontrolling interests) ProfitLoss $239.42M USD 1 Quarter
Less: Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-7.23M USD 1 Quarter
Less: Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-486.00K USD 1 Quarter
Net earnings attributable to Lennar NetIncomeLoss $239.91M USD 1 Quarter
Net earnings attributable to Lennar NetIncomeLoss $398.45M 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 $-46.00K USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $208.00K USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-46.00K USD 1 Quarter
Total comprehensive income attributable to Lennar ComprehensiveIncomeNetOfTax $398.41M USD 1 Quarter
Total comprehensive income attributable to Lennar ComprehensiveIncomeNetOfTax $240.12M USD 1 Quarter
Total comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-7.23M USD 1 Quarter
Total comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-486.00K USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $1.27 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 $1.27 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.74 USD 1 Quarter
Cash Flow Statement 96 line items
Line Item Tag Value Unit Period
Net earnings (including net loss attributable to noncontrolling interests) ProfitLoss $391.22M USD 1 Quarter
Net earnings (including net loss attributable to noncontrolling interests) ProfitLoss $239.42M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $20.41M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $18.36M USD 1 Quarter
Amortization of discount/premium and accretion on debt, net AmortizationOfDebtDiscountPremium $-7.05M USD 1 Quarter
Amortization of discount/premium and accretion on debt, net AmortizationOfDebtDiscountPremium $-6.94M USD 1 Quarter
Equity in loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $-2.57M USD 1 Quarter
Equity in loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $-5.71M USD 1 Quarter
Distributions of earnings from unconsolidated entities EquityMethodInvestmentDividendsOrDistributions $36.92M USD 1 Quarter
Distributions of earnings from unconsolidated entities EquityMethodInvestmentDividendsOrDistributions $3.49M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $16.90M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $31.86M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxesAndTaxCredits $65.88M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxesAndTaxCredits $57.01M USD 1 Quarter
Gain on sale of other assets, operating properties and equipment and real estate owned GainLossOnSaleOfPropertyPlantEquipment $2.91M USD 1 Quarter
Gain on sale of other assets, operating properties and equipment and real estate owned GainLossOnSaleOfPropertyPlantEquipment $938.00K USD 1 Quarter
Gain on sale of interest in unconsolidated entity and other Multifamily gain EquityMethodInvestmentRealizedGainLossOnDisposal $4.66M 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 Financial Services' businesses DisposalGroupNotDiscontinuedOperationGainLossOnDisposal $1.66M USD 1 Quarter
Gain on sale of Financial Services' businesses DisposalGroupNotDiscontinuedOperationGainLossOnDisposal - USD 1 Quarter
Valuation adjustments and write-offs of option deposits and pre-acquisition costs ValuationAdjustmentsandWriteoffsofOptionDepositsPreacquisitionsCostsandOtherAssets $6.91M USD 1 Quarter
Valuation adjustments and write-offs of option deposits and pre-acquisition costs ValuationAdjustmentsandWriteoffsofOptionDepositsPreacquisitionsCostsandOtherAssets $24.52M USD 1 Quarter
Decrease in receivables IncreaseDecreaseInReceivables $-245.69M USD 1 Quarter
Decrease in receivables IncreaseDecreaseInReceivables $-394.68M 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
Increase in inventories, excluding valuation adjustments and write-offs of option deposits and pre-acquisition costs IncreaseDecreaseInInventories $777.01M USD 1 Quarter
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-49.02M USD 1 Quarter
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $121.51M USD 1 Quarter
Decrease in loans held-for-sale IncreaseDecreaseInLoansHeldForSale $-474.24M USD 1 Quarter
Decrease in loans held-for-sale IncreaseDecreaseInLoansHeldForSale $-156.72M USD 1 Quarter
Increase (decrease) in accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-387.68M USD 1 Quarter
Increase (decrease) in accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $11.56M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $382.98M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-524.42M USD 1 Quarter
Net additions of operating properties and equipment PaymentsToAcquirePropertyPlantAndEquipment $17.91M USD 1 Quarter
Net additions of operating properties and equipment PaymentsToAcquirePropertyPlantAndEquipment $27.39M USD 1 Quarter
Proceeds from the sales of operating properties and equipment and other assets ProceedsFromSaleOfPropertyPlantAndEquipment $13.07M USD 1 Quarter
Proceeds from the sales of operating properties and equipment and other assets ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Proceeds from sale of investment in unconsolidated entity ProceedsFromSaleOfEquityMethodInvestments $17.79M USD 1 Quarter
Proceeds from sale of investment in unconsolidated entity ProceedsFromSaleOfEquityMethodInvestments - USD 1 Quarter
Proceeds from sale of Financial Services' businesses ProceedsFromDivestitureOfBusinessesNetOfCashDivested - USD 1 Quarter
Proceeds from sale of Financial Services' businesses ProceedsFromDivestitureOfBusinessesNetOfCashDivested $24.45M USD 1 Quarter
Investments in and contributions to unconsolidated entities PaymentsToAcquireEquityMethodInvestments $133.92M USD 1 Quarter
Investments in and contributions to unconsolidated entities PaymentsToAcquireEquityMethodInvestments $78.61M USD 1 Quarter
Distributions of capital from unconsolidated and consolidated entities ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $70.08M USD 1 Quarter
Distributions of capital from unconsolidated and consolidated entities ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $86.32M USD 1 Quarter
Proceeds from sale of commercial mortgage-backed securities bonds ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale $3.25M USD 1 Quarter
Proceeds from sale of commercial mortgage-backed securities bonds ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale - USD 1 Quarter
Decrease (increase) in Financial Services loans held-for-investment, net PaymentsForProceedsFromLoansAndLeases $-2.73M USD 1 Quarter
Decrease (increase) in Financial Services loans held-for-investment, net PaymentsForProceedsFromLoansAndLeases $11.21M USD 1 Quarter
Purchases of investment securities PaymentsToAcquireMarketableSecurities $8.11M USD 1 Quarter
Purchases of investment securities PaymentsToAcquireMarketableSecurities $31.30M USD 1 Quarter
Proceeds from maturities/sales of investments securities ProceedsfromSaleandMaturityofOtherMarketableSecurities $9.44M USD 1 Quarter
Proceeds from maturities/sales of investments securities ProceedsfromSaleandMaturityofOtherMarketableSecurities $10.75M USD 1 Quarter
Other receipts, net PaymentsForProceedsFromOtherInvestingActivitiesNet $-4.08M USD 1 Quarter
Other receipts, net PaymentsForProceedsFromOtherInvestingActivitiesNet $-1.68M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $13.18M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-77.99M USD 1 Quarter
Proceeds from other borrowings ProceedsFromOtherDebt $10.45M USD 1 Quarter
Proceeds from other borrowings ProceedsFromOtherDebt $27.58M USD 1 Quarter
Principal payments on notes payable and other borrowings RepaymentsofSeniorandOtherDebts $93.25M USD 1 Quarter
Principal payments on notes payable and other borrowings RepaymentsofSeniorandOtherDebts $92.98M USD 1 Quarter
Payments related to other liabilities ProceedsFromPaymentsForOtherFinancingActivities $-5.48M USD 1 Quarter
Payments related to other liabilities ProceedsFromPaymentsForOtherFinancingActivities $-447.00K USD 1 Quarter
Receipts related to noncontrolling interests ProceedsFromMinorityShareholders $88.91M USD 1 Quarter
Receipts related to noncontrolling interests ProceedsFromMinorityShareholders $8.35M USD 1 Quarter
Payments related to noncontrolling interests PaymentsToMinorityShareholders $11.30M USD 1 Quarter
Payments related to noncontrolling interests PaymentsToMinorityShareholders $16.73M USD 1 Quarter
Issuances ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Issuances ProceedsFromIssuanceOfCommonStock $607.00K USD 1 Quarter
Repurchases PaymentsForRepurchaseOfCommonStock $295.99M USD 1 Quarter
Repurchases PaymentsForRepurchaseOfCommonStock $49.14M USD 1 Quarter
Dividends PaymentsOfDividendsCommonStock $39.24M USD 1 Quarter
Dividends PaymentsOfDividendsCommonStock $12.86M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $69.02M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-789.80M 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 $-393.65M USD 1 Quarter
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 $1.60B 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 beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.47B 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 $1.60B USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.06B USD Point-in-time
Cash and cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.47B USD Point-in-time
Operating properties and equipment and other assets NoncashConsolidationDeconsolidationPropertyPlantandEquipmentandOtherAssets $51.60M USD 1 Quarter
Operating properties and equipment and other assets NoncashConsolidationDeconsolidationPropertyPlantandEquipmentandOtherAssets $-667.00K USD 1 Quarter
Investments in unconsolidated entities NoncashConsolidationDeconsolidationEquityMethodInvestments $-4.75M USD 1 Quarter
Investments in unconsolidated entities NoncashConsolidationDeconsolidationEquityMethodInvestments - 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 $182.00K USD 1 Quarter
Noncontrolling interests NoncashConsolidationDeconsolidationNoncontrollinginterests $485.00K USD 1 Quarter
Noncontrolling interests NoncashConsolidationDeconsolidationNoncontrollinginterests $-8.89M USD 1 Quarter

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

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