10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-22-008166 |
| Period End Date | 20220228 |
| Filing Date | 20220401 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | len-20220228_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
|
$32.64B | USD | Point-in-time |
| Total assets |
Assets
|
$33.21B | USD | Point-in-time |
| Total assets |
Assets
|
$32.64B | USD | Point-in-time |
| Total assets |
Assets
|
$33.21B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$11.79B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$12.21B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$11.79B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$12.21B | USD | Point-in-time |
| Preferred stock |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock |
PreferredStockValue
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$8.86B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$8.81B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$15.08B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$14.69B | USD | Point-in-time |
| Treasury stock, at cost; February 28, 2022 - 43,806,845 shares of Class A common stock and 2,574,016 shares of Class B common stock; November 30, 2021 - 38,586,961 shares of Class A common stock and 1,922,016 shares of Class B common stock |
TreasuryStockValue
|
$2.71B | USD | Point-in-time |
| Treasury stock, at cost; February 28, 2022 - 43,806,845 shares of Class A common stock and 2,574,016 shares of Class B common stock; November 30, 2021 - 38,586,961 shares of Class A common stock and 1,922,016 shares of Class B common stock |
TreasuryStockValue
|
$3.29B | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$1.69M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.34M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$20.82B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$20.68B | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$168.37M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$179.86M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$18.10B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$21.00B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$20.85B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$19.02B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$32.64B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$33.21B | USD | Point-in-time |
Income Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$6.20B | USD | 1 Quarter |
| Revenues |
Revenues
|
$5.33B | USD | 1 Quarter |
| Corporate general and administrative |
GeneralAndAdministrativeExpense
|
$110.53M | USD | 1 Quarter |
| Corporate general and administrative |
GeneralAndAdministrativeExpense
|
$113.66M | USD | 1 Quarter |
| Charitable foundation contribution |
ContributionExpense
|
$12.31M | USD | 1 Quarter |
| Charitable foundation contribution |
ContributionExpense
|
$12.54M | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$4.47B | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$5.12B | USD | 1 Quarter |
| Homebuilding equity in loss from unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$-9.75M | USD | 1 Quarter |
| Homebuilding equity in loss from unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$-7.90M | USD | 1 Quarter |
| Earnings (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$676.74M | USD | 1 Quarter |
| Earnings (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.33B | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$167.42M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$310.11M | USD | 1 Quarter |
| Net earnings (including net earnings attributable to noncontrolling interests) |
ProfitLoss
|
$1.02B | USD | 1 Quarter |
| Net earnings (including net earnings attributable to noncontrolling interests) |
ProfitLoss
|
$509.31M | USD | 1 Quarter |
| Less: Net earnings attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$15.54M | USD | 1 Quarter |
| Less: Net earnings attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$5.73M | USD | 1 Quarter |
| Net earnings attributable to Lennar |
NetIncomeLoss
|
$503.58M | USD | 1 Quarter |
| Net earnings attributable to Lennar |
NetIncomeLoss
|
$1.00B | USD | 1 Quarter |
| Net unrealized gain (loss) on securities available-for-sale |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-942.00K | USD | 1 Quarter |
| Net unrealized gain (loss) on securities available-for-sale |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$742.00K | USD | 1 Quarter |
| Reclassification adjustments for gain included in earnings, net of tax |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
- | USD | 1 Quarter |
| Reclassification adjustments for gain included in earnings, net of tax |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
$-2.29M | USD | 1 Quarter |
| Total other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-942.00K | USD | 1 Quarter |
| Total other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$3.03M | USD | 1 Quarter |
| Total comprehensive income attributable to Lennar |
ComprehensiveIncomeNetOfTax
|
$1.00B | USD | 1 Quarter |
| Total comprehensive income attributable to Lennar |
ComprehensiveIncomeNetOfTax
|
$506.61M | USD | 1 Quarter |
| Total comprehensive income attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$15.54M | USD | 1 Quarter |
| Total comprehensive income attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$5.73M | USD | 1 Quarter |
| Basic earnings per share (in dollars per share) |
EarningsPerShareBasic
|
$3.20 | USD | 1 Quarter |
| Basic earnings per share (in dollars per share) |
EarningsPerShareBasic
|
$1.70 | USD | 1 Quarter |
| Diluted earnings per share (in dollars per share) |
EarningsPerShareDiluted
|
$3.20 | USD | 1 Quarter |
| Diluted earnings per share (in dollars per share) |
EarningsPerShareDiluted
|
$1.69 | USD | 1 Quarter |
Cash Flow Statement
82 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings (including net earnings attributable to noncontrolling interests) |
ProfitLoss
|
$1.02B | USD | 1 Quarter |
| Net earnings (including net earnings attributable to noncontrolling interests) |
ProfitLoss
|
$509.31M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAmortizationAndAccretionNet
|
$22.32M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAmortizationAndAccretionNet
|
$20.09M | USD | 1 Quarter |
| Amortization of discount/premium on debt, net |
AmortizationOfDebtDiscountPremium
|
$-2.36M | USD | 1 Quarter |
| Amortization of discount/premium on debt, net |
AmortizationOfDebtDiscountPremium
|
$-490.00K | USD | 1 Quarter |
| Equity in loss from unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$-9.75M | USD | 1 Quarter |
| Equity in loss from unconsolidated entities |
IncomeLossFromEquityMethodInvestments
|
$-7.90M | USD | 1 Quarter |
| Distributions of earnings from unconsolidated entities |
EquityMethodInvestmentDividendsOrDistributions
|
$4.23M | USD | 1 Quarter |
| Distributions of earnings from unconsolidated entities |
EquityMethodInvestmentDividendsOrDistributions
|
$4.82M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$48.82M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$81.46M | USD | 1 Quarter |
| Deferred income tax (benefit) expense |
DeferredIncomeTaxesAndTaxCredits
|
$-54.03M | USD | 1 Quarter |
| Deferred income tax (benefit) expense |
DeferredIncomeTaxesAndTaxCredits
|
$114.92M | USD | 1 Quarter |
| Loans held-for-sale unrealized loss |
UnrealizedGainLossOnFinancingReceivablesHeldForSale
|
$-35.02M | USD | 1 Quarter |
| Loans held-for-sale unrealized loss |
UnrealizedGainLossOnFinancingReceivablesHeldForSale
|
$-27.39M | USD | 1 Quarter |
| Gain on sale of other assets and operating properties and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| Gain on sale of other assets and operating properties and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$1.17M | USD | 1 Quarter |
| Valuation adjustments and write-offs of option deposits and pre-acquisition costs |
ValuationAdjustmentsandWriteoffsofOptionDepositsPreacquisitionsCostsandOtherAssets
|
$11.51M | USD | 1 Quarter |
| Valuation adjustments and write-offs of option deposits and pre-acquisition costs |
ValuationAdjustmentsandWriteoffsofOptionDepositsPreacquisitionsCostsandOtherAssets
|
$635.00K | USD | 1 Quarter |
| Decrease in receivables |
IncreaseDecreaseInReceivables
|
$-45.65M | USD | 1 Quarter |
| Decrease in receivables |
IncreaseDecreaseInReceivables
|
$-380.50M | USD | 1 Quarter |
| Increase in inventories, excluding valuation adjustments and write-offs of option deposits and pre-acquisition costs |
IncreaseDecreaseInInventories
|
$1.91B | USD | 1 Quarter |
| Increase in inventories, excluding valuation adjustments and write-offs of option deposits and pre-acquisition costs |
IncreaseDecreaseInInventories
|
$862.12M | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$49.97M | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$100.49M | USD | 1 Quarter |
| Decrease in loans held-for-sale |
IncreaseDecreaseInLoansHeldForSale
|
$-409.44M | USD | 1 Quarter |
| Decrease in loans held-for-sale |
IncreaseDecreaseInLoansHeldForSale
|
$-360.58M | USD | 1 Quarter |
| Increase in accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$96.45M | USD | 1 Quarter |
| Increase in accounts payable and other liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$183.58M | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-72.23M | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$385.51M | USD | 1 Quarter |
| Net additions of operating properties and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$5.78M | USD | 1 Quarter |
| Net additions of operating properties and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$8.56M | USD | 1 Quarter |
| Proceeds from the sale of operating properties and equipment, other assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$32.00M | USD | 1 Quarter |
| Proceeds from the sale of operating properties and equipment, other assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Investments in and contributions to unconsolidated entities |
PaymentsToAcquireEquityMethodInvestments
|
$224.11M | USD | 1 Quarter |
| Investments in and contributions to unconsolidated entities |
PaymentsToAcquireEquityMethodInvestments
|
$138.91M | USD | 1 Quarter |
| Distributions of capital from unconsolidated entities |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$173.56M | USD | 1 Quarter |
| Distributions of capital from unconsolidated entities |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$83.24M | USD | 1 Quarter |
| Proceeds from sale of commercial mortgage-backed securities bonds |
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
|
$11.31M | USD | 1 Quarter |
| Proceeds from sale of commercial mortgage-backed securities bonds |
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
|
$9.19M | USD | 1 Quarter |
| Decrease in Financial Services loans held-for-investment, net |
PaymentsForProceedsFromLoansAndLeases
|
$-3.78M | USD | 1 Quarter |
| Decrease in Financial Services loans held-for-investment, net |
PaymentsForProceedsFromLoansAndLeases
|
$-11.43M | USD | 1 Quarter |
| Purchases of investment securities |
PaymentsToAcquireMarketableSecurities
|
$71.27M | USD | 1 Quarter |
| Purchases of investment securities |
PaymentsToAcquireMarketableSecurities
|
- | USD | 1 Quarter |
| Proceeds from maturities/sales of investment securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$1.78M | USD | 1 Quarter |
| Proceeds from maturities/sales of investment securities |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$8.99M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-93.35M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-19.99M | USD | 1 Quarter |
| Principal payments on notes payable and other borrowings |
RepaymentsofMortgageandOtherDebts
|
$55.35M | USD | 1 Quarter |
| Principal payments on notes payable and other borrowings |
RepaymentsofMortgageandOtherDebts
|
$18.78M | USD | 1 Quarter |
| Proceeds from other borrowings |
ProceedsFromOtherDebt
|
- | USD | 1 Quarter |
| Proceeds from other borrowings |
ProceedsFromOtherDebt
|
$8.90M | USD | 1 Quarter |
| Proceeds from liabilities related to consolidated inventory not owned |
ProceedsfromOtherLiabilities
|
$199.48M | USD | 1 Quarter |
| Proceeds from liabilities related to consolidated inventory not owned |
ProceedsfromOtherLiabilities
|
$67.43M | USD | 1 Quarter |
| Payments related to consolidated inventory not owned |
PaymentsForTurnOfInventoryNotOwnedFinancingActivities
|
$166.10M | USD | 1 Quarter |
| Payments related to consolidated inventory not owned |
PaymentsForTurnOfInventoryNotOwnedFinancingActivities
|
- | USD | 1 Quarter |
| Receipts related to noncontrolling interests |
ProceedsFromMinorityShareholders
|
$6.98M | USD | 1 Quarter |
| Receipts related to noncontrolling interests |
ProceedsFromMinorityShareholders
|
$8.90M | USD | 1 Quarter |
| Payments related to noncontrolling interests |
PaymentsToMinorityShareholders
|
$11.40M | USD | 1 Quarter |
| Payments related to noncontrolling interests |
PaymentsToMinorityShareholders
|
$59.39M | USD | 1 Quarter |
| Repurchases |
PaymentsForRepurchaseOfCommonStock
|
$581.30M | USD | 1 Quarter |
| Repurchases |
PaymentsForRepurchaseOfCommonStock
|
$69.48M | USD | 1 Quarter |
| Dividends |
PaymentsOfDividendsCommonStock
|
$110.12M | USD | 1 Quarter |
| Dividends |
PaymentsOfDividendsCommonStock
|
$77.84M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-629.69M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.26B | USD | 1 Quarter |
| Net decrease in cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-337.53M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-1.35B | USD | 1 Quarter |
| Cash and cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.61B | USD | Point-in-time |
| Cash and cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.93B | USD | Point-in-time |
| Cash and cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.60B | USD | Point-in-time |
| Cash and cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.96B | USD | Point-in-time |
| Cash and cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.61B | USD | Point-in-time |
| Cash and cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.93B | USD | Point-in-time |
| Cash and cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.60B | USD | Point-in-time |
| Cash and cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.96B | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.61B | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.93B | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.60B | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.96B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.