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LENNAR CORP /NEW (LEN)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsNov-30-22Nov-30-21Nov-30-20Nov-30-19Nov-30-18Nov-30-17Nov-30-16Nov-30-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues   [+]0.00.0-44.922,259.620,571.612,646.410,950.09,474.0
            Revenue growth   -100.0%-100.2%8.2%62.7%15.5%15.6%21.8%
Cost of goods sold  0.00.00.019,477.218,237.411,021.59,455.18,171.7
Gross profit  0.00.0-44.92,782.42,334.21,624.91,494.91,302.3
            Gross margin    100.0%12.5%11.3%12.8%13.7%13.7%
Selling, general and administrative   [+]   321.2343.9285.9232.6216.2
Equity in earnings  -36.349.0-22.12.5-30.549.555.2105.2
Other operating expenses    -44.9 -296.4   
EBITDA   [+]50.8134.972.42,555.92,347.31,454.81,367.81,234.9
            EBITDA margin    -161.2%11.5%11.4%11.5%12.5%13.0%
Depreciation and amortization  87.186.094.692.291.266.350.243.7
EBIT   [+]-36.349.0-22.12,463.72,256.11,388.51,317.61,191.2
            EBIT margin    49.3%11.1%11.0%11.0%12.0%12.6%
Non-recurring items   [+]    449.4   
Other income (expense), net  6,050.95,770.13,145.9-29.4455.9-198.912.918.4
Pre-tax income  6,014.65,819.13,123.82,434.32,262.71,189.61,330.51,209.6
Income taxes  1,366.11,362.5656.2592.2545.2417.9417.4390.4
            Tax rate  22.7%23.4%21.0%24.3%24.1%35.1%31.4%32.3%
Minority interest  34.426.42.5-6.921.7-38.71.216.3
Net income  4,614.14,430.12,465.01,849.11,695.8810.5911.8802.9
            Net margin    -5487.1%8.3%8.2%6.4%8.3%8.5%
   
Basic EPS   [+]$15.92$14.45$7.97$5.81$5.51$3.42$4.09$3.83
Diluted EPS   [+]$15.92$14.45$7.97$5.81$5.50$3.42$3.87$3.41
   
Dividends per share   [+]$1.51$1.01$0.63$0.16$0.16$0.16$0.16$0.16
   
Shares outstanding (basic)   [+]289.8306.6309.4318.4308.0237.2223.1209.8
Shares outstanding (diluted)   [+]289.8306.6309.4318.4308.6237.2235.4235.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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