$LEN
LENNAR CORP /NEW/

2013 Q2 Form 10-Q Financial Statement

#000144530513001606 Filed on July 10, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $1.427B $930.2M
YoY Change 53.4% 21.67%
Cost Of Revenue $1.232B $832.7M
YoY Change 47.99% 15.67%
Gross Profit $194.6M $97.50M
YoY Change 99.59% 118.61%
Gross Profit Margin 13.64% 10.48%
Selling, General & Admin $33.90M $29.20M
YoY Change 16.1% 41.75%
% of Gross Profit 17.42% 29.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.400M $4.900M
YoY Change 51.02% 25.64%
% of Gross Profit 3.8% 5.03%
Operating Expenses $25.20M $17.80M
YoY Change 41.57% -523.81%
Operating Profit $196.1M $81.27M
YoY Change 141.34% 75.16%
Interest Expense -$7.100M -$27.60M
YoY Change -74.28% 20.0%
% of Operating Profit -3.62% -33.96%
Other Income/Expense, Net
YoY Change
Pretax Income $162.3M $52.10M
YoY Change 211.48% 101.95%
Income Tax $19.49M -$402.3M
% Of Pretax Income 12.01% -772.16%
Net Earnings $137.4M $452.7M
YoY Change -69.64% 3184.03%
Net Earnings / Revenue 9.63% 48.67%
Basic Earnings Per Share $0.71 $2.39
Diluted Earnings Per Share $0.61 $2.06
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding 226.7M shares 218.0M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $819.0M $760.0M
YoY Change 7.76% -25.12%
Cash & Equivalents $891.7M $829.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $5.831B $4.799B
Prepaid Expenses
Receivables $60.00M $45.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.710B $5.604B
YoY Change 19.74% 4.09%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $845.0M $717.0M
YoY Change 17.85% -6.76%
Other Assets $9.000M $9.000M
YoY Change 0.0% 0.0%
Total Long-Term Assets $3.784B $3.747B
YoY Change 0.99% 13.04%
TOTAL ASSETS
Total Short-Term Assets $6.710B $5.604B
Total Long-Term Assets $3.784B $3.747B
Total Assets $10.49B $9.351B
YoY Change 12.22% 7.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $228.0M $155.0M
YoY Change 47.1% -7.74%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $228.0M $155.0M
YoY Change 47.1% -7.74%
LONG-TERM LIABILITIES
Long-Term Debt $5.133B $4.328B
YoY Change 18.6% 6.97%
Other Long-Term Liabilities $1.088B $1.089B
YoY Change -0.09% -11.1%
Total Long-Term Liabilities $6.221B $5.417B
YoY Change 14.84% 2.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $228.0M $155.0M
Total Long-Term Liabilities $6.221B $5.417B
Total Liabilities $6.449B $5.571B
YoY Change 15.76% -7.87%
SHAREHOLDERS EQUITY
Retained Earnings $1.785B $1.409B
YoY Change 26.67%
Common Stock $2.396B $2.364B
YoY Change 1.36%
Preferred Stock
YoY Change
Treasury Stock (at cost) $615.8M $615.7M
YoY Change 0.01%
Treasury Stock Shares
Shareholders Equity $3.586B $3.177B
YoY Change
Total Liabilities & Shareholders Equity $10.49B $9.351B
YoY Change 12.22% 7.5%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $137.4M $452.7M
YoY Change -69.64% 3184.03%
Depreciation, Depletion And Amortization $7.400M $4.900M
YoY Change 51.02% 25.64%
Cash From Operating Activities -$288.4M -$81.40M
YoY Change 254.3% 1496.08%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $140.7M $21.50M
YoY Change 554.42% -123.32%
Cash From Investing Activities $142.0M $21.50M
YoY Change 560.47% -122.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -204.0M -33.60M
YoY Change 507.14% -243.59%
NET CHANGE
Cash From Operating Activities -288.4M -81.40M
Cash From Investing Activities 142.0M 21.50M
Cash From Financing Activities -204.0M -33.60M
Net Change In Cash -350.4M -93.50M
YoY Change 274.76% 24.34%
FREE CASH FLOW
Cash From Operating Activities -$288.4M -$81.40M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5117000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1035000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
15390000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
15132000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
-168176000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
145000 USD
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
494883000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
29620000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12074000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
50000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
500000000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
888000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
575000 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
30546000 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
65500000 USD
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-314597000 USD
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-170589000 USD
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
-40130000 USD
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
-11521000 USD
CY2012Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
84488000 USD
CY2012Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
85717000 USD
CY2013Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
90242000 USD
CY2013Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
85208000 USD
CY2011Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
88120000 USD
CY2012Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
84188000 USD
CY2013Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
-12048000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
-23640000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
-22736000 USD
CY2012Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
-13015000 USD
CY2013Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
4960000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
7909000 USD
CY2012Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
3680000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
5047000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
14961000 USD
CY2012Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
8106000 USD
CY2013Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
12122000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
20881000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
142798000 USD
us-gaap Profit Loss
ProfitLoss
199756000 USD
CY2012Q2 us-gaap Profit Loss
ProfitLoss
454424000 USD
us-gaap Profit Loss
ProfitLoss
462401000 USD
us-gaap Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
15000000 USD
CY2012Q2 us-gaap Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
15000000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
42067000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
105630000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
-63001000 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
13161000 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
14132000 USD
CY2012Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
6856000 USD
CY2013Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
6675000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1605131000 USD
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1784669000 USD
us-gaap Revenue Recognition Services Management Fees
RevenueRecognitionServicesManagementFees
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Rialto Management Fees Revenue</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Rialto Investments segment provides services to a variety of legal entities and investment vehicles such as funds, joint ventures, co-invests, and other private equity structures to manage their respective investments. As a result, Rialto earns and receives management fees, underwriting fees and due diligence fees. These fees related to the Rialto Investments segment are included in Rialto Investments revenue and are recorded over the period in which the services are performed, fees are determinable and collectability is reasonably assured. Rialto receives investment management fees from investment vehicles based on 1) a percentage of committed capital during the commitment period and after the commitment period ends and 2) a percentage of drawn commitments less the portion of such drawn commitments utilized to acquire investments that have been sold (in whole or in part) or liquidated (except to the extent such drawn commitments are subsequently reinvested in other investments) or completely written off. Fees earned for underwriting and due diligence services are based on actual costs incurred. The Company believes the way it records Rialto Investments' management fees revenue is a significant accounting policy because it represents a significant portion of the Rialto Investments segment's revenues and is expected to continue to grow in the future as the segment manages more assets. </font></div></div>
us-gaap Revenues
Revenues
2416070000 USD
CY2013Q2 us-gaap Revenues
Revenues
1426124000 USD
us-gaap Revenues
Revenues
1655011000 USD
CY2012Q2 us-gaap Revenues
Revenues
930155000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
13194000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
15932000 USD
CY2013Q2 us-gaap Share Based Compensation
ShareBasedCompensation
6708000 USD
CY2012Q2 us-gaap Share Based Compensation
ShareBasedCompensation
7771000 USD
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
300000 shares
CY2012Q2 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
0 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
500000 shares
CY2013Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
1574000 USD
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
100000 shares
CY2013Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
100000 shares
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
33000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1800000 USD
CY2012Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
915000 USD
CY2013Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
33000 USD
CY2013Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
20000000 shares
CY2013Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
6200000 shares
CY2013Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2012Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
3585602000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
3414764000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4001208000 USD
CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4044839000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3303525000 USD
CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3779908000 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
632846000 USD
CY2013Q2 us-gaap Treasury Stock Value
TreasuryStockValue
615781000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
2405000 USD
CY2012Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
6594000 USD
CY2013Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
1747000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
6807000 USD
CY2013Q2 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
1747000 USD
us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
2405000 USD
CY2012Q2 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
6594000 USD
us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
6807000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12300000 USD
CY2013Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8831000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
3466000 USD
CY2013Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
18449000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
20500000 USD
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
709000 USD
CY2013Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
5740000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</font></div></div>
CY2013Q2 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
1540667000 USD
CY2012Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
2128600000 USD
CY2012Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
737200000 USD
CY2013Q2 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
405156000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215912000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
226655000 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
218011000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
226336000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
186214000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
189779000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
186432000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
190010000 shares
CY2012Q2 len Active Communities
ActiveCommunities
438
CY2013Q2 len Active Communities
ActiveCommunities
492
CY2013Q2 len Aggregate Principal Balance Of Loans Held For Sale
AggregatePrincipalBalanceOfLoansHeldForSale
374794000 USD
CY2012Q4 len Aggregate Principal Balance Of Loans Held For Sale
AggregatePrincipalBalanceOfLoansHeldForSale
479130000 USD
len Cash Payments To Decreased In Maximum Recourse Exposure
CashPaymentsToDecreasedInMaximumRecourseExposure
900000 USD
CY2013Q2 len Chinese Drywall Accrual
ChineseDrywallAccrual
82235000 USD
CY2013Q2 len Chinese Drywall Number Of Homes
ChineseDrywallNumberOfHomes
1010
CY2013Q2 len Chinese Drywall Number Of Homes Resolved Through Class Action
ChineseDrywallNumberOfHomesResolvedThroughClassAction
60
CY2013Q2 len Chinese Drywall Percentage Of Homes
ChineseDrywallPercentageOfHomes
0.012
CY2012Q2 len Companys Share Of Valuation Adjustments Related To Assets Included In Equity Loss
CompanysShareOfValuationAdjustmentsRelatedToAssetsIncludedInEquityLoss
5437000 USD
CY2013Q2 len Companys Share Of Valuation Adjustments Related To Assets Included In Equity Loss
CompanysShareOfValuationAdjustmentsRelatedToAssetsIncludedInEquityLoss
0 USD
len Companys Share Of Valuation Adjustments Related To Assets Included In Equity Loss
CompanysShareOfValuationAdjustmentsRelatedToAssetsIncludedInEquityLoss
0 USD
len Companys Share Of Valuation Adjustments Related To Assets Included In Equity Loss
CompanysShareOfValuationAdjustmentsRelatedToAssetsIncludedInEquityLoss
5437000 USD
len Decreases In Accrued Interest And Penalties
DecreasesInAccruedInterestAndPenalties
2763000 USD
CY2013Q2 len Decreases In Accrued Interest And Penalties
DecreasesInAccruedInterestAndPenalties
10000 USD
len Decreases In Consolidated Inventory Not Owned
DecreasesInConsolidatedInventoryNotOwned
20723000 USD
len Decreases In Maximum Recourse Exposure
DecreasesInMaximumRecourseExposure
14189000 USD
CY2013Q2 len Deferred Tax Assets Operating Loss Carryforwards State Expire In One Year
DeferredTaxAssetsOperatingLossCarryforwardsStateExpireInOneYear
7873000 USD
len Distributions Of Earnings From Subsidiaries
DistributionsOfEarningsFromSubsidiaries
0 USD
len Distributions Of Earnings From Subsidiaries
DistributionsOfEarningsFromSubsidiaries
0 USD
len Employee And Director Plan
EmployeeAndDirectorPlan
30134000 USD
len Employee And Director Plan
EmployeeAndDirectorPlan
14239000 USD
CY2013Q2 len Equity In Income Loss From Subsidiaries
EquityInIncomeLossFromSubsidiaries
USD
CY2012Q2 len Equity In Income Loss From Subsidiaries
EquityInIncomeLossFromSubsidiaries
USD
len Equity In Income Loss From Subsidiaries
EquityInIncomeLossFromSubsidiaries
USD
len Equity In Income Loss From Subsidiaries
EquityInIncomeLossFromSubsidiaries
USD
len Escrow Deposit Period
EscrowDepositPeriod
P3D
len Exercise Of Land Option Contracts From Unconsolidated Land Investment Venture
ExerciseOfLandOptionContractsFromUnconsolidatedLandInvestmentVenture
19857000 USD
len Exercise Of Land Option Contracts From Unconsolidated Land Investment Venture
ExerciseOfLandOptionContractsFromUnconsolidatedLandInvestmentVenture
16490000 USD
CY2013Q2 len Federal Taxable Income Necessary To Recognize Deferred Tax Asset
FederalTaxableIncomeNecessaryToRecognizeDeferredTaxAsset
965600000 USD
CY2013Q2 len Guarantee By Subsidiaries
GuaranteeBySubsidiaries
75000000 USD
CY2013Q2 len Income Tax Expense
IncomeTaxExpense
60800000 USD
len Income Tax Expense
IncomeTaxExpense
82292000 USD
len Intercompany Financing
IntercompanyFinancing
USD
len Intercompany Financing
IntercompanyFinancing
USD
len Intercompany Investing
IntercompanyInvesting
0 USD
len Intercompany Investing
IntercompanyInvesting
0 USD
CY2012Q4 len Joint And Several Recourse Debt Repayment
JointAndSeveralRecourseDebtRepayment
18695000 USD
CY2013Q2 len Joint And Several Recourse Debt Repayment
JointAndSeveralRecourseDebtRepayment
15000000 USD
CY2012Q4 len Joint And Several Reimbursement Agreements With Companys Partners
JointAndSeveralReimbursementAgreementsWithCompanysPartners
16826000 USD
CY2013Q2 len Joint And Several Reimbursement Agreements With Companys Partners
JointAndSeveralReimbursementAgreementsWithCompanysPartners
13500000 USD
CY2012Q1 len Loan Origination Liabilities
LoanOriginationLiabilities
5961000 USD
CY2012Q4 len Loan Origination Liabilities
LoanOriginationLiabilities
7250000 USD
CY2011Q4 len Loan Origination Liabilities
LoanOriginationLiabilities
6050000 USD
CY2012Q2 len Loan Origination Liabilities
LoanOriginationLiabilities
6198000 USD
CY2013Q1 len Loan Origination Liabilities
LoanOriginationLiabilities
7606000 USD
CY2013Q2 len Loan Origination Liabilities
LoanOriginationLiabilities
8257000 USD
CY2013Q2 len Loan Origination Liabilities Payments Or Settlements
LoanOriginationLiabilitiesPaymentsOrSettlements
137000 USD
len Loan Origination Liabilities Payments Or Settlements
LoanOriginationLiabilitiesPaymentsOrSettlements
290000 USD
CY2012Q2 len Loan Origination Liabilities Payments Or Settlements
LoanOriginationLiabilitiesPaymentsOrSettlements
130000 USD
len Loan Origination Liabilities Payments Or Settlements
LoanOriginationLiabilitiesPaymentsOrSettlements
320000 USD
CY2012Q4 len Maximum Recourse Exposure
MaximumRecourseExposure
66715000 USD
CY2013Q2 len Maximum Recourse Exposure
MaximumRecourseExposure
52526000 USD
len Net Disposals Additions Of Operating Properties And Equipment
NetDisposalsAdditionsOfOperatingPropertiesAndEquipment
-2979000 USD
len Net Disposals Additions Of Operating Properties And Equipment
NetDisposalsAdditionsOfOperatingPropertiesAndEquipment
390000 USD
len Net Increase In Consolidated Inventory Not Owned
NetIncreaseInConsolidatedInventoryNotOwned
23250000 USD
len Net Payments Receipts To From Noncontrolling Interest
NetPaymentsReceiptsToFromNoncontrollingInterest
-167601000 USD
len Net Payments Receipts To From Noncontrolling Interest
NetPaymentsReceiptsToFromNoncontrollingInterest
743000 USD
len Net Proceeds From Convertible And Senior Notes
NetProceedsFromConvertibleAndSeniorNotes
48965000 USD
CY2013Q2 len Net Recourse Exposure
NetRecourseExposure
39026000 USD
CY2012Q4 len Net Recourse Exposure
NetRecourseExposure
49889000 USD
len Number Of Communities Assessed For Impairment
NumberOfCommunitiesAssessedForImpairment
28
len Number Of Communities Impaired
NumberOfCommunitiesImpaired
3
len Number Of Homesites Assessed For Impairment
NumberOfHomesitesAssessedForImpairment
861
len Number Of Homesites Impaired
NumberOfHomesitesImpaired
99
len Other Loan Paydowns
OtherLoanPaydowns
878000 USD
CY2013Q2 len Other Loan Paydowns
OtherLoanPaydowns
878000 USD
CY2012Q2 len Other Loan Paydowns
OtherLoanPaydowns
500000 USD
len Other Loan Paydowns
OtherLoanPaydowns
3900000 USD
CY2013Q2 len Payments Under Completion Guarantees
PaymentsUnderCompletionGuarantees
0 USD
len Payments Under Completion Guarantees
PaymentsUnderCompletionGuarantees
0 USD
CY2012Q2 len Payments Under Completion Guarantees
PaymentsUnderCompletionGuarantees
0 USD
len Payments Under Completion Guarantees
PaymentsUnderCompletionGuarantees
0 USD
CY2013Q2 len Provision For Loan Losses
ProvisionForLoanLosses
360000 USD
CY2012Q2 len Provision For Loan Losses
ProvisionForLoanLosses
122000 USD
len Provision For Loan Losses
ProvisionForLoanLosses
773000 USD
len Provision For Loan Losses
ProvisionForLoanLosses
215000 USD
len Provision For Losses Preexisting Increase Decrease
ProvisionForLossesPreexistingIncreaseDecrease
524000 USD
CY2013Q2 len Provision For Losses Preexisting Increase Decrease
ProvisionForLossesPreexistingIncreaseDecrease
428000 USD
CY2012Q2 len Provision For Losses Preexisting Increase Decrease
ProvisionForLossesPreexistingIncreaseDecrease
245000 USD
len Provision For Losses Preexisting Increase Decrease
ProvisionForLossesPreexistingIncreaseDecrease
253000 USD
len Sales Incentives
SalesIncentives
163914000 USD
CY2013Q2 len Sales Incentives
SalesIncentives
89891000 USD
len Sales Incentives
SalesIncentives
179718000 USD
CY2012Q2 len Sales Incentives
SalesIncentives
95264000 USD
CY2013Q2 len Sales Incentives Per Home Delivered
SalesIncentivesPerHomeDelivered
20000 USD
len Sales Incentives Per Home Delivered
SalesIncentivesPerHomeDelivered
32000 USD
len Sales Incentives Per Home Delivered
SalesIncentivesPerHomeDelivered
22000 USD
CY2012Q2 len Sales Incentives Per Home Delivered
SalesIncentivesPerHomeDelivered
30000 USD
CY2012Q4 len Several Recourse Debt Repayment
SeveralRecourseDebtRepayment
48020000 USD
CY2013Q2 len Several Recourse Debt Repayment
SeveralRecourseDebtRepayment
37526000 USD
CY2013Q2 len Total Of Valuation Adjustments And Write Offs
TotalOfValuationAdjustmentsAndWriteOffs
3405000 USD
len Total Of Valuation Adjustments And Write Offs
TotalOfValuationAdjustmentsAndWriteOffs
12003000 USD
len Total Of Valuation Adjustments And Write Offs
TotalOfValuationAdjustmentsAndWriteOffs
5118000 USD
CY2012Q2 len Total Of Valuation Adjustments And Write Offs
TotalOfValuationAdjustmentsAndWriteOffs
9677000 USD
CY2012Q4 len Unconsolidated Entities With Recourse Debt Carrying Amount Assets
UnconsolidatedEntitiesWithRecourseDebtCarryingAmountAssets
1843163000 USD
CY2013Q2 len Unconsolidated Entities With Recourse Debt Carrying Amount Assets
UnconsolidatedEntitiesWithRecourseDebtCarryingAmountAssets
1744264000 USD
CY2013Q2 len Unconsolidated Entities With Recourse Debt Carrying Amount Equity
UnconsolidatedEntitiesWithRecourseDebtCarryingAmountEquity
1141931000 USD
CY2012Q4 len Unconsolidated Entities With Recourse Debt Carrying Amount Equity
UnconsolidatedEntitiesWithRecourseDebtCarryingAmountEquity
1077868000 USD
CY2013Q2 len Unconsolidated Entities With Recourse Debt Carrying Amount Liabilities
UnconsolidatedEntitiesWithRecourseDebtCarryingAmountLiabilities
602333000 USD
CY2012Q4 len Unconsolidated Entities With Recourse Debt Carrying Amount Liabilities
UnconsolidatedEntitiesWithRecourseDebtCarryingAmountLiabilities
765295000 USD
CY2013Q2 len Undistributed Earnings Reallocated Diluted
UndistributedEarningsReallocatedDiluted
1500000 USD
len Undistributed Earnings Reallocated Diluted
UndistributedEarningsReallocatedDiluted
5958000 USD
CY2012Q2 len Undistributed Earnings Reallocated Diluted
UndistributedEarningsReallocatedDiluted
5687000 USD
len Undistributed Earnings Reallocated Diluted
UndistributedEarningsReallocatedDiluted
2085000 USD
len Valuation Adjustments To Finished Homes Cip And Land Under Development
ValuationAdjustmentsToFinishedHomesCIPAndLandUnderDevelopment
4429000 USD
CY2013Q2 len Valuation Adjustments To Finished Homes Cip And Land Under Development
ValuationAdjustmentsToFinishedHomesCIPAndLandUnderDevelopment
2934000 USD
len Valuation Adjustments To Finished Homes Cip And Land Under Development
ValuationAdjustmentsToFinishedHomesCIPAndLandUnderDevelopment
4189000 USD
CY2012Q2 len Valuation Adjustments To Finished Homes Cip And Land Under Development
ValuationAdjustmentsToFinishedHomesCIPAndLandUnderDevelopment
2404000 USD
len Valuation Adjustments To Investments In Unconsolidated Entities
ValuationAdjustmentsToInvestmentsInUnconsolidatedEntities
18000 USD
CY2013Q2 len Valuation Adjustments To Investments In Unconsolidated Entities
ValuationAdjustmentsToInvestmentsInUnconsolidatedEntities
36000 USD
CY2012Q2 len Valuation Adjustments To Investments In Unconsolidated Entities
ValuationAdjustmentsToInvestmentsInUnconsolidatedEntities
7000 USD
len Valuation Adjustments To Investments In Unconsolidated Entities
ValuationAdjustmentsToInvestmentsInUnconsolidatedEntities
36000 USD
len Valuation Adjustments To Land With Intend To Sell Or Has Sold To Third Parties
ValuationAdjustmentsToLandWithIntendToSellOrHasSoldToThirdParties
403000 USD
CY2013Q2 len Valuation Adjustments To Land With Intend To Sell Or Has Sold To Third Parties
ValuationAdjustmentsToLandWithIntendToSellOrHasSoldToThirdParties
160000 USD
len Valuation Adjustments To Land With Intend To Sell Or Has Sold To Third Parties
ValuationAdjustmentsToLandWithIntendToSellOrHasSoldToThirdParties
348000 USD
CY2012Q2 len Valuation Adjustments To Land With Intend To Sell Or Has Sold To Third Parties
ValuationAdjustmentsToLandWithIntendToSellOrHasSoldToThirdParties
348000 USD
CY2012Q4 len Variable Interest Entities Letters Of Credit
VariableInterestEntitiesLettersOfCredit
42500000 USD
CY2013Q2 len Variable Interest Entities Letters Of Credit
VariableInterestEntitiesLettersOfCredit
28498000 USD
CY2013Q2 len Variable Interest Entities Non Refundable Option Deposits And Pre Acquisition Costs
VariableInterestEntitiesNonRefundableOptionDepositsAndPreAcquisitionCosts
135510000 USD
CY2012Q4 len Variable Interest Entities Non Refundable Option Deposits And Pre Acquisition Costs
VariableInterestEntitiesNonRefundableOptionDepositsAndPreAcquisitionCosts
176700000 USD
len Write Offs Of Option Deposits And Preacquisition Costs
WriteOffsOfOptionDepositsAndPreacquisitionCosts
771000 USD
len Write Offs Of Option Deposits And Preacquisition Costs
WriteOffsOfOptionDepositsAndPreacquisitionCosts
490000 USD
CY2013Q2 len Write Offs Of Option Deposits And Preacquisition Costs
WriteOffsOfOptionDepositsAndPreacquisitionCosts
275000 USD
CY2012Q2 len Write Offs Of Option Deposits And Preacquisition Costs
WriteOffsOfOptionDepositsAndPreacquisitionCosts
481000 USD
len Write Offs Of Other Receivables And Other Assets
WriteOffsOfOtherReceivablesAndOtherAssets
1000000 USD
CY2012Q2 len Write Offs Of Other Receivables And Other Assets
WriteOffsOfOtherReceivablesAndOtherAssets
1000000 USD
len Write Offs Of Other Receivables And Other Assets
WriteOffsOfOtherReceivablesAndOtherAssets
0 USD
CY2013Q2 len Write Offs Of Other Receivables And Other Assets
WriteOffsOfOtherReceivablesAndOtherAssets
0 USD
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--11-30
dei Document Period End Date
DocumentPeriodEndDate
2013-05-31
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000920760
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
LENNAR CORP /NEW/

Files In Submission

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