Last 7 days
-0.4%
Last 30 days
7.7%
Last 90 days
14.5%
Trailing 12 Months
25.5%
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | -99.3% | 34.00 | 5,132 | 10,230 | 15,328 | 20,425 |
S&GA Expenses | 3.6% | 416 | 402 | 398 | - | - |
Costs and Expenses | 5.4% | 23,921 | 22,701 | 22,052 | - | - |
EBITDA | 4.4% | 6,169 | 5,907 | 5,300 | 5,953 | - |
EBITDA Margin | 84309.5% | 179.47* | 0.21* | 0.19* | 0.22* | - |
Earnings Before Taxes | 3.0% | 6,015 | 5,837 | 5,827 | 5,169 | 5,819 |
EBT Margin | 15284.4% | 174.96* | 1.14* | 0.21* | 0.18* | 0.21* |
Interest Expenses | 42.2% | 68.00 | 48.00 | - | - | - |
Net Income | 2.9% | 4,614 | 4,482 | 4,422 | 3,932 | 4,430 |
Net Income Margin | 15268.8% | 134.23* | 0.87* | 0.16* | 0.14* | 0.16* |
Free Cahsflow | 86.6% | 3,208 | 1,719 | 1,816 | 2,013 | 2,468 |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | 7.5% | 37,984 | 35,340 | 34,306 | 32,635 | 33,208 |
Cash Equivalents | 210.4% | 4,816 | 1,551 | 1,553 | 1,606 | 2,956 |
Net PPE | - | 340 | - | - | - | - |
Liabilities | 12.5% | 13,744 | 12,212 | 12,516 | 11,788 | 12,211 |
Shareholder's Equity | 4.9% | 24,101 | 22,977 | 21,790 | 20,847 | 20,816 |
Retained Earnings | 6.9% | 18,861 | 17,647 | 16,289 | 15,079 | 14,685 |
Additional Paid-In Capital | 0.5% | 5,418 | 5,388 | 5,355 | 8,855 | 8,808 |
Minority Interest | -6.9% | 140 | 150 | 192 | 168 | 180 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 84.3% | 3,266 | 1,772 | 1,867 | 2,075 | 2,533 |
Share Based Compensation | 0.1% | 184 | 184 | 170 | 167 | 135 |
Cashflow From Investing | -21.7% | -128 | -105 | -119 | -31.73 | -105 |
Cashflow From Financing | 56.4% | -1,277 | -2,927 | -2,977 | -3,032 | -2,404 |
Dividend Payments | 8.0% | 438 | 406 | 374 | 342 | 310 |
Buy Backs | -45.2% | 1,039 | 1,896 | 2,162 | 1,942 | 1,430 |
71.5%
46.9%
35.4%
Y-axis is the maximum loss one would have experienced if Lennar was unfortunately bought at previous high price.
10.4%
13.3%
13.3%
44.6%
FIve years rolling returns for Lennar.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | reduced | -26.95 | -102,733 | 800,267 | 0.02% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 3.07 | 6,310,620 | 31,436,600 | 0.03% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 0.67 | 89,498 | 425,498 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | unchanged | - | - | - | -% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 15.7 | 177,000 | 613,000 | -% |
2023-03-01 | Lakewood Asset Management LLC | new | - | 820,000 | 820,000 | 0.66% |
2023-02-28 | Voya Investment Management LLC | reduced | -32.54 | -1,840,740 | 8,329,260 | 0.01% |
2023-02-24 | National Pension Service | reduced | -4.97 | 5,002,380 | 38,995,300 | 0.08% |
2023-02-24 | NATIXIS | reduced | -56.42 | -5,017,000 | 5,590,000 | 0.03% |
2023-02-24 | NATIXIS | sold off | -100 | -346,000 | - | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Mar 06, 2023 | gamco investors, inc. et al | 4.06% | 1,448,046 | SC 13D/A | |
Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 11.07% | 28,212,757 | SC 13G/A | |
Feb 06, 2023 | wellington management group llp | 5.82% | 14,837,758 | SC 13G | |
Feb 03, 2023 | blackrock inc. | 7.9% | 20,105,068 | SC 13G/A | |
Jan 10, 2023 | capital world investors | 10.1% | 25,779,919 | SC 13G | |
Feb 10, 2022 | vanguard group inc | 10.54% | 28,650,363 | SC 13G/A | |
Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A | |
Feb 01, 2022 | blackrock inc. | 8.4% | 22,712,925 | SC 13G/A | |
Feb 10, 2021 | vanguard group inc | 10.40% | 28,599,421 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 24, 2023 | 4 | Insider Trading | |
Mar 14, 2023 | 8-K | Current Report | |
Mar 06, 2023 | 8-K | Current Report | |
Mar 06, 2023 | SC 13D/A | 13D - Major Acquisition | |
Mar 02, 2023 | 4 | Insider Trading | |
Mar 02, 2023 | 4 | Insider Trading | |
Mar 02, 2023 | 4 | Insider Trading | |
Mar 02, 2023 | 4 | Insider Trading | |
Mar 02, 2023 | 4 | Insider Trading | |
Mar 02, 2023 | 4 | Insider Trading |
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Nov. 30, 2022 | Nov. 30, 2021 | Nov. 30, 2020 | |
Costs and expenses: | |||
Equity in earnings (loss) from unconsolidated entities | $ (36,302) | $ 48,993 | $ (22,127) |
Earnings before income taxes | 6,014,566 | 5,819,058 | 3,123,788 |
Provision for income taxes | (1,366,065) | (1,362,509) | (656,235) |
Net earnings (including net earnings attributable to noncontrolling interests) | 4,648,501 | 4,456,549 | 2,467,553 |
Less: Net earnings attributable to noncontrolling interests | 34,376 | 26,438 | 2,517 |
Net earnings attributable to Lennar | 4,614,125 | 4,430,111 | 2,465,036 |
Other comprehensive income (loss), net of tax: | |||
Net unrealized gain (loss) on securities available-for-sale | 1,464 | (536) | (851) |
Reclassification adjustments for gains included in net earnings | 2,285 | 0 | (452) |
Total other comprehensive income (loss), net of tax | 3,749 | (536) | (1,303) |
Total comprehensive income attributable to Lennar | 4,617,874 | 4,429,575 | 2,463,733 |
Total comprehensive income attributable to noncontrolling interests | $ 34,376 | $ 26,438 | $ 2,517 |
Basic earnings per share (in USD per share) | $ 15.74 | $ 14.28 | $ 7.88 |
Diluted earnings per share (in USD per share) | $ 15.72 | $ 14.27 | $ 7.85 |
Operating Segments And Corporate Non Segment | |||
Costs and expenses: | |||
Total costs and expenses | $ 26,949,763 | $ 22,052,243 | $ 19,373,164 |
Earnings before income taxes | 6,014,566 | 5,819,058 | 3,123,788 |
Operating Segments | |||
Revenues: | |||
Total revenues | 33,671,010 | 27,130,676 | 22,488,854 |
Corporate and unallocated | |||
Costs and expenses: | |||
Corporate general and administrative | 414,498 | 398,381 | 333,446 |
Contribution Expense | 66,399 | 59,825 | 24,972 |
Earnings before income taxes | (480,897) | (458,206) | (358,418) |
Homebuilding | Operating Segments | |||
Revenues: | |||
Total revenues | 31,951,335 | 25,545,242 | 20,981,136 |
Costs and expenses: | |||
Costs and expenses | 25,161,299 | 20,502,541 | 17,961,644 |
Equity in earnings (loss) from unconsolidated entities | (17,235) | (14,205) | (836) |
Other income (expense), net | 4,516 | 3,266 | (29,749) |
Earnings before income taxes | 6,777,317 | 5,031,762 | 2,988,907 |
Financial Services | Operating Segments | |||
Revenues: | |||
Total revenues | 809,680 | 898,745 | 890,311 |
Costs and expenses: | |||
Costs and expenses | 426,378 | 407,731 | 470,777 |
Financial Services gain on deconsolidation | 0 | 0 | 61,418 |
Earnings before income taxes | 383,302 | 491,014 | 480,952 |
Multifamily | Operating Segments | |||
Revenues: | |||
Total revenues | 865,603 | 665,232 | 576,328 |
Costs and expenses: | |||
Costs and expenses | 848,931 | 652,810 | 575,581 |
Multifamily equity in earnings from unconsolidated entities and other gain | 52,821 | 9,031 | 21,934 |
Earnings before income taxes | 69,493 | 21,453 | 22,681 |
Lennar Other | |||
Costs and expenses: | |||
Lennar Other unrealized gain (loss) from technology investments | (655,094) | 510,802 | |
Lennar Other | Operating Segments | |||
Revenues: | |||
Total revenues | 44,392 | 21,457 | 41,079 |
Costs and expenses: | |||
Costs and expenses | 32,258 | 30,955 | 6,744 |
Lennar Other equity in earnings (loss) from unconsolidated entities, other income (expense), net, and other gain (loss) | (91,689) | 231,731 | (44,669) |
Lennar Other unrealized gain (loss) from technology investments | (655,094) | 510,802 | 0 |
Earnings before income taxes | $ (734,649) | $ 733,035 | $ (10,334) |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Nov. 30, 2022 | Nov. 30, 2021 | |||||
---|---|---|---|---|---|---|---|
Inventories: | |||||||
Total assets | [1] | $ 37,984,295 | $ 33,207,778 | ||||
Stockholders’ equity: | |||||||
Preferred stock | [2] | 0 | 0 | ||||
Additional paid-in capital | [2] | 5,417,796 | 8,807,891 | ||||
Retained earnings | [2] | 18,861,417 | 14,685,329 | ||||
Treasury stock, at cost; 2022 - 2,455,387 shares of Class A common stock and 419,860 shares of Class B common stock; 2021 - 38,586,961 shares of Class A common stock and 1,922,016 shares of Class B common stock | [2] | (210,389) | (2,709,448) | ||||
Accumulated other comprehensive income (loss) | [2] | 2,408 | (1,341) | ||||
Total stockholders’ equity | [2] | 24,100,500 | 20,816,425 | ||||
Noncontrolling interests | [2] | 139,867 | 179,857 | ||||
Total equity | [2] | 24,240,367 | 20,996,282 | ||||
Total liabilities | [2] | 13,743,928 | 12,211,496 | ||||
Total liabilities and equity | [2] | 37,984,295 | 33,207,778 | ||||
Class A Common Stock | |||||||
Stockholders’ equity: | |||||||
Common stock | [2] | 25,608 | 30,050 | ||||
Class B Common Stock | |||||||
Stockholders’ equity: | |||||||
Common stock | [2] | 3,660 | 3,944 | ||||
Homebuilding | |||||||
ASSETS | |||||||
Cash and cash equivalents | [1] | 4,616,124 | 2,735,213 | ||||
Restricted cash | [1] | 23,046 | 21,927 | ||||
Receivables, net | [1] | 673,980 | 490,278 | ||||
Inventories: | |||||||
Finished homes and construction in progress | [1] | 11,718,507 | 10,446,139 | ||||
Land and land under development | [1] | 7,382,273 | 7,108,142 | ||||
Consolidated inventory not owned | [1] | 2,331,231 | 1,161,023 | ||||
Total inventories | [1] | 21,432,011 | 18,715,304 | ||||
Investments in unconsolidated entities | [1] | 1,173,164 | 972,084 | ||||
Goodwill | 3,442,359 | [1] | 3,442,359 | ||||
Other assets | [1] | 1,323,478 | 1,090,654 | ||||
Total assets | [1] | 32,684,162 | 27,467,819 | ||||
LIABILITIES AND EQUITY | |||||||
Accounts payable | [2] | 1,616,128 | 1,321,247 | ||||
Liabilities related to consolidated inventory not owned | [2] | 1,967,551 | 976,602 | ||||
Senior notes and other debts payable, net | [2] | 4,047,294 | 4,652,338 | ||||
Other liabilities | [2] | 3,347,673 | 2,920,055 | ||||
Stockholders’ equity: | |||||||
Total liabilities | [2] | 10,978,646 | 9,870,242 | ||||
Financial Services | |||||||
Inventories: | |||||||
Total assets | [1] | 3,254,257 | 2,964,367 | ||||
Stockholders’ equity: | |||||||
Total liabilities | [2] | 2,353,904 | 1,906,343 | ||||
Multifamily | |||||||
Inventories: | |||||||
Total assets | [1] | 1,257,337 | 1,311,747 | ||||
Stockholders’ equity: | |||||||
Total liabilities | [2] | 313,484 | 288,930 | ||||
Lennar Other | |||||||
Inventories: | |||||||
Total assets | [1] | 788,539 | 1,463,845 | ||||
Stockholders’ equity: | |||||||
Total liabilities | [2] | $ 97,894 | $ 145,981 | ||||
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