Lennar market cap is $32.2 b, and annual revenue was $22.49 b in FY 2020

Lennar Gross profit (Q1, 2021)974 M

Lennar Gross profit margin (Q1, 2021), %18.3%

Lennar Net income (Q1, 2021)1 B

Lennar Cash, 28-Feb-20212.6 B

Lennar EV36.6 B

Lennar revenue was $22.49 b in FY, 2020 which is a 1% year over year increase from the previous period.

Lennar revenue breakdown by business segment: 37.5% from Homebuilding West, 12.0% from Homebuilding Texas, 18.2% from Homebuilding Central, 25.4% from Homebuilding East and 6.8% from Other

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Revenue | 20.6b | 22.3b | 22.5b |

| 63% | 8% | 1% |

## Cost of goods sold | 18.2b | 19.5b | 19.0b |

## Gross profit | 2.3b | 2.8b | 3.5b |

| 11% | 13% | 15% |

## General and administrative expense | 343.9m | 341.1m | 358.4m |

## Operating expense total | 496.9m | 341.1m | 358.4m |

## Investment income | (14.8m) | 13.4m | (13.9m) |

## Pre tax profit | 2.3b | 2.4b | 3.1b |

## Income tax expense | 545.2m | 592.2m | 656.2m |

## Net Income | 1.7b | 1.8b | 2.5b |

## EPS | 5.4 | 5.7 | 7.9 |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|

## Revenue | 3.9b | 5.6b | 5.9b | 4.5b | 5.3b | 5.9b | 5.3b |

## Cost of goods sold | 3.5b | 4.9b | 5.1b | 4.0b | 4.5b | 4.9b | 4.4b |

## Gross profit | 402.1m | 675.7m | 741.0m | 516.3m | 741.3m | 974.3m | 974.0m |

| 10% | 12% | 13% | 11% | 14% | 17% | 18% |

## General and administrative expense | 79.3m | 76.1m | 92.6m | 86.8m | 83.5m | 92.7m | 110.5m |

## Operating expense total | 79.3m | 76.1m | 92.6m | 86.8m | 83.5m | 92.7m | 122.8m |

## Investment income | 5.2m | 11.6m | 6.3m | 2.1m | (36.0m) | (10.2m) | (6.9m) |

## Pre tax profit | 319.1m | 559.4m | 667.1m | 423.6m | 676.6m | 859.0m | 1.3b |

## Income tax expense | 79.7m | 140.5m | 154.4m | 32.3m | 160.5m | 189.7m | 310.1m |

## Net Income | 239.9m | 418.9m | 512.6m | 391.2m | 516.1m | 669.3m | 1.0b |

## EPS | 0.7 | 1.3 | 1.6 | 1.3 | 1.7 | 2.1 | 3.2 |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash | 1.6b | 1.5b | 2.9b |

## Accounts Receivable | 1.0b | 907.1m | 938.1m |

## Inventories | 17.3b | 18.1b | 17.2b |

## Goodwill | 3.7b | 3.7b | 3.6b |

## Total Assets | 28.6b | 29.4b | 29.9b |

## Accounts Payable | 1.2b | 1.1b | 1.0b |

## Long-term debt | 10.1b | 9.6b | 7.4b |

## Total Debt | 10.1b | 9.6b | 7.4b |

## Total Liabilities | 13.9b | 13.3b | 11.8b |

## Common Stock | 33.4m | 33.7m | 33.8m |

## Additional Paid-in Capital | 8.5b | 8.6b | 8.7b |

## Retained Earnings | 6.5b | 8.3b | 10.6b |

## Total Equity | 14.7b | 16.0b | 18.1b |

## Debt to Equity Ratio | 0.7 x | 0.6 x | 0.4 x |

## Debt to Assets Ratio | 0.4 x | 0.3 x | 0.2 x |

## Financial Leverage | 1.9 x | 1.8 x | 1.7 x |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|

## Cash | 1.0b | 993.5m | 1.0b | 1.1b | 1.6b | 2.2b | 2.6b |

## Accounts Receivable | 576.8m | 614.3m | 628.5m | 674.1m | 981.3m | 699.4m | 892.5m |

## Inventories | 18.5b | 19.1b | 19.1b | 19.0b | 18.3b | 18.0b | 18.0b |

## Goodwill | 3.7b | 3.7b | 3.7b | 3.7b | 3.6b | 3.6b | 3.6b |

## Total Assets | 28.7b | 29.6b | 29.5b | 29.2b | 29.3b | 29.3b | 30.6b |

## Accounts Payable | 1.0b | 1.1b | 1.1b | 1.2b | 1.0b | 1.1b | 1.0b |

## Long-term debt | 10.4b | 10.7b | 10.3b | 9.1b | 8.9b | 8.1b | 6.9b |

## Total Debt | 10.4b | 10.7b | 10.3b | 9.1b | 8.9b | 8.1b | 6.9b |

## Total Liabilities | 13.9b | 14.3b | 14.0b | 13.0b | 12.7b | 12.0b | 11.5b |

## Common Stock | 33.4m | 33.4m | 33.7m | 33.7m | 33.7m | 33.8m | 34.0m |

## Additional Paid-in Capital | 8.5b | 8.5b | 8.6b | 8.6b | 8.6b | 8.7b | 8.7b |

## Retained Earnings | 6.7b | 7.1b | 7.6b | 8.7b | 9.1b | 9.8b | 11.5b |

## Total Equity | 14.9b | 15.2b | 15.5b | 16.2b | 16.6b | 17.3b | 19.0b |

## Debt to Equity Ratio | 0.7 x | 0.7 x | 0.7 x | 0.6 x | 0.5 x | 0.5 x | 0.4 x |

## Debt to Assets Ratio | 0.4 x | 0.4 x | 0.3 x | 0.3 x | 0.3 x | 0.3 x | 0.2 x |

## Financial Leverage | 1.9 x | 1.9 x | 1.9 x | 1.8 x | 1.8 x | 1.7 x | 1.6 x |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Net Income | 1.7b | 1.8b | 2.5b |

## Depreciation and Amortization | 91.2m | 92.2m | 94.6m |

## Accounts Receivable | (431.2m) | 312.3m | 25.9m |

## Inventories | (135.9m) | (623.6m) | 781.4m |

## Accounts Payable | 412.8m | (14.6m) | 266.5m |

## Cash From Operating Activities | 1.7b | 1.5b | 4.2b |

## Purchases of PP&E | (130.4m) | (86.5m) | (72.8m) |

## Cash From Investing Activities | (608.1m) | 19.6m | (280.2m) |

## Short-term Borrowings | (454.7m) | ||

## Long-term Borrowings | (1.7b) | (1.3b) | (2.1b) |

## Dividends Paid | (49.2m) | (51.5m) | (195.0m) |

## Cash From Financing Activities | (2.2b) | (1.6b) | (2.4b) |

## Net Change in Cash | (1.1b) | (127.3m) | 1.5b |

## Interest Paid | 128.9m | 49.9m | 97.3m |

## Income Taxes Paid | 376.6m | 261.4m | 402.2m |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|

## Net Income | 239.4m | 658.3m | 1.2b | 391.2m | 907.3m | 1.6b | 1.0b |

## Depreciation and Amortization | 18.4m | 41.0m | 63.8m | 20.4m | 44.5m | 68.8m | 22.3m |

## Accounts Receivable | 394.7m | 542.1m | 528.0m | 245.7m | (7.8m) | 264.6m | 45.6m |

## Inventories | (1.1b) | (1.5b) | (1.6b) | (777.0m) | (159.1m) | 113.4m | (862.1m) |

## Accounts Payable | (387.7m) | (192.5m) | (115.5m) | 11.6m | 12.1m | 165.6m | 183.6m |

## Cash From Operating Activities | (524.4m) | (429.9m) | 298.3m | 383.0m | 1.3b | 2.9b | 385.5m |

## Purchases of PP&E | (27.4m) | (47.8m) | (69.6m) | (17.9m) | (25.7m) | (42.9m) | (9.2m) |

## Cash From Investing Activities | (78.0m) | (91.6m) | (39.4m) | 13.2m | (174.0m) | (267.5m) | (93.4m) |

## Long-term Borrowings | (601.6m) | (490.2m) | (1.1b) | (848.9m) | (784.6m) | (1.7b) | (844.7m) |

## Dividends Paid | (12.9m) | (25.9m) | (38.8m) | (39.2m) | (78.1m) | (117.1m) | (77.8m) |

## Cash From Financing Activities | 69.0m | (53.4m) | (785.0m) | (789.8m) | (948.6m) | (1.9b) | (629.7m) |

## Net Change in Cash | (533.4m) | (574.9m) | (526.1m) | (393.6m) | 188.2m | 763.4m | (337.5m) |

USD | FY, 2018 |
---|---|

## EV/CFO | 13.1 x |

## Revenue/Employee | 1.8m |

## Debt/Equity | 0.7 x |

## Debt/Assets | 0.4 x |

## Financial Leverage | 1.9 x |

## P/E Ratio | 7.9 |

Lennar's Backlog was reported to be $9.5b in Q1, 2021.

FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | |
---|---|---|---|---|---|---|---|---|---|---|

## Homes Produced | 45.63 k | 8.82 k | 12.73 k | 13.52 k | 51.49 k | 10.32 k | 12.67 k | 13.84 k | 52.93 k | 12.31 k |

## Average Sales Price | $413 k | $410 k | $408 k | $394 k | $400 k | $401 k | $389 k | $396 k | $395 k | $397 k |

## Communities | 1.33 k | 1.29 k | 1.33 k | 1.3 k | 1.28 k | 1.26 k | 1.25 k | 1.2 k | 1.18 k | 1.16 k |

## Backlog | $6.6 b | $7.11 b | $7.72 b | $7.6 b | $6.3 b | $17.16 b | $7.09 b | $7.87 b | $7.81 b | $9.46 b |

## Residential Mortgage Loans | 36.5 k | 6.2 k | 8.25 k | 9.2 k | 34.8 k | 6.9 k | 10.1 k | 10.8 k | 40 k | 8.4 k |

## Backlog, units | 15.62 k | 17.26 k | 19.06 k | 18.91 k | 15.58 k | 17.63 k | 17.98 k | 19.7 k | 18.82 k | 22.08 k |

## New Orders, units | 45.83 k | 10.46 k | 14.52 k | 13.37 k | 51.44 k | 12.38 k | 13.02 k | 15.56 k | 56.17 k | 12.38 k |

## New Orders | $18.68 b | $4.16 b | $5.8 m | $5.21 b | $20.32 b | $5.01 b | $4.86 b | $6.26 b | $22.39 b | $6.54 b |

## Real Estate Transactions | 118 k | 14.6 k | 13.5 k | 14.3 k | 59.7 k | 11.2 k | 14.4 k | 16.4 k | 61.1 k | 15 k |

## Title Insurance Policies Issued | 297.6 k | 19.8 k | 19.8 k | |||||||

## Homeowner Insurance Policies Issued | 19.8 k | |||||||||

## Homeowner Insurance Policies Renewed | 37.4 k | |||||||||

## Cancellation Rate | 15% | 17% | 15% | 16% | 16% | 15% |

FY, 2020 | FY, 2019 | FY, 2018 | |
---|---|---|---|

Financial Services | 15.2% | 15.4% | 27.9% |

Multifamily | 6.3% | 6.1% | |

Homebuilding | 72.1% | 78.5% | 67.7% |

Other | 4.5% |

- Source: www.sec.gov, www.sec.gov, www.sec.gov