Lennar Corporation Website

Lennar Corporation

NYSE-LEN

Income Statement
Nov '14
Nov '15
Nov '16
Nov '17
Nov '18
Nov '19
Nov '20
Nov '21
Nov '22
Nov '23
LTM

Operating Revenues

21,434.8

21,598.5

26,231.9

32,861.3

33,256.5

34,674

Finance Div. Revenues

824.8

890.3

898.7

809.7

976.9

1,102.3

Total Revenues

22,259.6

22,488.9

27,130.7

33,671

34,233.4

35,776.3

Total Revenues % Chg.

8.2%

1%

20.6%

24.1%

1.7%

6.3%

Cost of Goods Sold, Total

18,857.1

18,544

21,186.3

24,078.2

25,594

26,681.4

Finance Div. Operating Exp.

600.2

470.8

407.7

426.4

467.4

505.9

Gross Profit

2,802.3

3,474.1

5,536.6

9,166.4

8,172

8,589

Selling General & Admin Expenses, Total

321.2

333.4

398.4

2,378.7

2,732.4

3,032.9

Other Operating Expenses

13.7

52

-201

-3.8

-46

-46

Other Operating Expenses, Total

334.9

385.5

197.4

2,374.9

2,686.4

2,987

Operating Income

2,467.4

3,088.6

5,339.2

6,791.5

5,485.6

5,602

Interest Expense, Total

-17.6

-22.4

-20.1

-19.1

-15.4

-15.4

Net Interest Expenses

-17.6

-22.4

-20.1

-19.1

-15.4

-15.4

Income (Loss) On Equity Invest.

4.4

21.1

49

-36.3

-144.6

-98.5

Other Non Operating Income (Expenses)

—

—

—

—

—

-19.9

-25

-59.8

-66.4

-73.1

41.3

EBT, Excl. Unusual Items

2,434.3

3,062.4

5,308.3

6,669.7

5,252.5

5,529.4

Merger & Related Restructuring Charges

—

—

—

—

—

—

—

—

—

—

Gain (Loss) On Sale Of Investments

—

—

—

—

—

—

510.8

-655.1

-50.2

-78.4

Gain (Loss) On Sale Of Assets

—

—

—

—

—

61.4

—

—

—

—

Asset Writedown

—

—

—

—

—

—

Legal Settlements

—

—

—

—

—

—

—

—

—

—

EBT, Incl. Unusual Items

2,434.3

3,123.8

5,819.1

6,014.6

5,202.3

5,451.1

Income Tax Expense

592.2

656.2

1,362.5

1,366.1

1,241

1,286.3

Earnings From Continuing Operations

1,842.1

2,467.6

4,456.5

4,648.5

3,961.3

4,164.7

Minority Interest

6.9

-2.5

-26.4

-34.4

-22.8

-20.8

Net Income

1,849.1

2,465

4,430.1

4,614.1

3,938.5

4,143.9

Preferred Dividend and Other Adjustments

16.1

28.4

52.9

52

48.5

46.2

Net Income to Common Incl Extra Items

1,832.9

2,436.6

4,377.2

4,562.1

3,890

4,097.7

Net Income to Common Excl. Extra Items

1,832.9

2,436.6

4,377.2

4,562.1

3,890

4,097.7

Total Shares Outstanding

315.9

312.7

299.4

289.8

280.9

274.6

Weighted Avg. Shares Outstanding

318.4

309.4

306.6

289.8

283.3

278.2

Weighted Avg. Shares Outstanding Dil

318.4

309.4

306.6

289.8

283.3

278.2

EPS

5.8

7.9

14.3

15.7

13.7

14.7

EPS Diluted

5.7

7.8

14.3

15.7

13.7

14.7

EBITDA

2,559.6

3,183.2

5,425.2

6,878.6

5,595.8

5,723.9

Effective Tax Rate

24.3%

21%

23.4%

22.7%

23.9%

23.6%