$LEN
LENNAR CORP /NEW/

2021 Q3 Form 10-Q Financial Statement

#000162828021019464 Filed on October 01, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q4 2020 Q3
Revenue $6.941B $6.826B $5.870B
YoY Change 18.25% -2.09% 0.23%
Cost Of Revenue $5.436B $5.507B $4.808B
YoY Change 13.06% -6.2% -4.12%
Gross Profit $1.506B $1.574B $1.263B
YoY Change 19.26% 13.59% 16.3%
Gross Profit Margin 21.69% 23.06% 21.51%
Selling, General & Admin $94.90M $95.50M $92.70M
YoY Change 2.37% 2.69% 0.11%
% of Gross Profit 6.3% 6.07% 7.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.10M $25.80M $24.30M
YoY Change -13.17% -9.15% 6.58%
% of Gross Profit 1.4% 1.64% 1.92%
Operating Expenses $115.7M $107.8M $105.1M
YoY Change 10.09% 36.63% 308.95%
Operating Profit $1.924B $1.466B $951.7M
YoY Change 102.22% 12.2% 25.27%
Interest Expense $422.9M -$46.60M -$98.30M
YoY Change -530.21% -65.04% -2.58%
% of Operating Profit 21.97% -3.18% -10.33%
Other Income/Expense, Net
YoY Change
Pretax Income $1.814B $1.165B $859.0M
YoY Change 111.21% 31.05% 28.77%
Income Tax $405.1M $273.7M $189.7M
% Of Pretax Income 22.33% 23.5% 22.08%
Net Earnings $1.407B $882.8M $666.4M
YoY Change 111.11% 30.91% 29.81%
Net Earnings / Revenue 20.27% 12.93% 11.35%
Basic Earnings Per Share $4.52 $2.82 $2.13
Diluted Earnings Per Share $4.52 $2.82 $2.12
COMMON SHARES
Basic Shares Outstanding 307.3M shares 308.9M shares
Diluted Shares Outstanding 307.3M shares 308.9M shares

Balance Sheet

Concept 2021 Q3 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.779B $2.863B $2.209B
YoY Change 25.8% 97.99% 111.39%
Cash & Equivalents $2.779B $2.863B $2.209B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $19.46B $17.18B $18.01B
Prepaid Expenses
Receivables $778.0M $851.0M $613.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $23.02B $20.89B $20.83B
YoY Change 10.49% 6.42% 1.89%
LONG-TERM ASSETS
Property, Plant & Equipment $157.0M $411.5M $122.0M
YoY Change 28.69% 47.22% -57.19%
Goodwill $3.632B $3.632B $3.632B
YoY Change 0.0% -0.71%
Intangibles
YoY Change
Long-Term Investments $2.054B $2.065B $2.053B
YoY Change 0.03% 4.61% -11.54%
Other Assets $1.287B $1.560B $1.110B
YoY Change 15.95% 6682.61% -11.41%
Total Long-Term Assets $9.729B $9.046B $8.485B
YoY Change 14.66% -7.03% -5.88%
TOTAL ASSETS
Total Short-Term Assets $23.02B $20.89B $20.83B
Total Long-Term Assets $9.729B $9.046B $8.485B
Total Assets $32.74B $29.94B $29.32B
YoY Change 11.7% 1.96% -0.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.231B $1.037B $1.140B
YoY Change 7.98% -18.02% -10.24%
Accrued Expenses $165.0M $123.0M $131.0M
YoY Change 25.95%
Deferred Revenue
YoY Change
Short-Term Debt $1.108B $1.466B $958.0M
YoY Change 15.66% -18.42% -49.76%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.504B $2.626B $2.229B
YoY Change 12.34% -14.24% -29.84%
LONG-TERM LIABILITIES
Long-Term Debt $5.543B $5.956B $7.180B
YoY Change -22.8% -23.42% -14.27%
Other Long-Term Liabilities $3.918B $3.254B $2.625B
YoY Change 49.26% 30.84% 7.49%
Total Long-Term Liabilities $9.461B $9.210B $9.805B
YoY Change -3.51% -10.27% -9.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.504B $2.626B $2.229B
Total Long-Term Liabilities $9.461B $9.210B $9.805B
Total Liabilities $11.96B $11.84B $12.03B
YoY Change -0.58% -11.18% -14.0%
SHAREHOLDERS EQUITY
Retained Earnings $13.57B $10.56B $9.760B
YoY Change 39.04% 27.37% 27.86%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.732B $1.279B $1.277B
YoY Change 35.64% 33.55% 49.29%
Treasury Stock Shares
Shareholders Equity $20.65B $17.99B $17.17B
YoY Change
Total Liabilities & Shareholders Equity $32.74B $29.94B $29.32B
YoY Change 11.7% 1.96% -0.49%

Cashflow Statement

Concept 2021 Q3 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income $1.407B $882.8M $666.4M
YoY Change 111.11% 30.91% 29.81%
Depreciation, Depletion And Amortization $21.10M $25.80M $24.30M
YoY Change -13.17% -9.15% 6.58%
Cash From Operating Activities $594.2M $1.294B $1.586B
YoY Change -62.53% 9.29% 117.8%
INVESTING ACTIVITIES
Capital Expenditures -$15.60M -$29.90M -$17.20M
YoY Change -9.3% 76.92% -21.1%
Acquisitions
YoY Change
Other Investing Activities -$65.50M $17.10M -$76.30M
YoY Change -14.15% -77.47% -203.11%
Cash From Investing Activities -$81.10M -$12.70M -$93.50M
YoY Change -13.26% -121.53% -279.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -484.1M -580.6M -917.4M
YoY Change -47.23% -31.22% 25.38%
NET CHANGE
Cash From Operating Activities 594.2M 1.294B 1.586B
Cash From Investing Activities -81.10M -12.70M -93.50M
Cash From Financing Activities -484.1M -580.6M -917.4M
Net Change In Cash 29.00M 700.7M 575.1M
YoY Change -94.96% 75.66% 1080.9%
FREE CASH FLOW
Cash From Operating Activities $594.2M $1.294B $1.586B
Capital Expenditures -$15.60M -$29.90M -$17.20M
Free Cash Flow $609.8M $1.324B $1.603B
YoY Change -61.96% 10.24% 113.76%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Registrant Name
EntityRegistrantName
LENNAR CORP /NEW/
dei Entity Central Index Key
EntityCentralIndexKey
0000920760
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--11-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
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Q3
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-08-31
dei Document Transition Report
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false
dei Entity File Number
EntityFileNumber
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dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
95-4337490
dei Entity Address Address Line1
EntityAddressAddressLine1
700 Northwest 107th Avenue
dei Entity Address City Or Town
EntityAddressCityOrTown
Miami
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
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dei City Area Code
CityAreaCode
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dei Local Phone Number
LocalPhoneNumber
559-4000
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Small Business
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false
dei Entity Shell Company
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Minority Shareholders
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18575000 USD
us-gaap Proceeds From Minority Shareholders
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175565000 USD
us-gaap Payments To Minority Shareholders
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20859000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
29450000 USD
us-gaap Payments For Repurchase Of Common Stock
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452508000 USD
us-gaap Payments For Repurchase Of Common Stock
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318989000 USD
us-gaap Payments Of Dividends Common Stock
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233988000 USD
us-gaap Payments Of Dividends Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-120740000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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763387000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2932730000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1468691000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2811990000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2232078000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div>
CY2021Q3 us-gaap Escrow Deposit
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666800000 USD
CY2020Q4 us-gaap Escrow Deposit
EscrowDeposit
314300000 USD
CY2021Q3 len Escrow Deposit Period
EscrowDepositPeriod
P3D
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts in the condensed consolidated financial statements have been reclassified to conform with the 2021 presentation. The Company reclassed the balance of its investment in Doma, formerly States Title, to which the Company sold the majority of the Financial Services segment's retail title agency business and title insurance underwriter in the first quarter of 2019, from the Financial Services segment to the Lennar Other segment in the condensed consolidated balance sheets for all periods presented. This was reclassed to be included in our strategic technology investments as the entity had announced that it would merge with a publicly traded special purpose acquisition company and during the three months ended August 31, 2021 completed the merger and became a publicly traded entity. In addition, the Company reflected its contributions to its charitable foundation in a new line on its condensed consolidated statements of operations for all periods presented. This was previously reflected in the Corporate general and administrative line. These reclassifications had no impact on the Company's total assets, total equity, revenues or net earnings in its condensed consolidated financial statements.</span></div>
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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2779141000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
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32849000 USD
CY2021Q3 us-gaap Accounts Receivable Net
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874508000 USD
CY2021Q3 us-gaap Inventory Operative Builders
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CY2021Q3 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
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1254589000 USD
CY2021Q3 us-gaap Equity Securities Fv Ni And Without Readily Determinable Fair Value
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1149520000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
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41695000 USD
CY2021Q3 us-gaap Loans And Leases Receivable Net Reported Amount
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61283000 USD
CY2021Q3 us-gaap Held To Maturity Securities
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161532000 USD
CY2021Q3 us-gaap Equity Method Investments
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2053701000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
3632058000 USD
CY2021Q3 us-gaap Other Assets
OtherAssets
1245618000 USD
CY2021Q3 us-gaap Assets
Assets
32744190000 USD
CY2021Q3 us-gaap Long Term Debt
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6650866000 USD
CY2021Q3 len Liabilities Excluding Long Term Debt
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5313785000 USD
CY2021Q3 us-gaap Liabilities
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11964651000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2863038000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
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69692000 USD
CY2020Q4 us-gaap Accounts Receivable Net
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938079000 USD
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17175148000 USD
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1490105000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni And Without Readily Determinable Fair Value
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68771000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
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53497000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Net Reported Amount
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72626000 USD
CY2020Q4 us-gaap Held To Maturity Securities
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164230000 USD
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2064921000 USD
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Goodwill
3632058000 USD
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1343012000 USD
CY2020Q4 us-gaap Assets
Assets
29935177000 USD
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7421583000 USD
CY2020Q4 len Liabilities Excluding Long Term Debt
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4414193000 USD
CY2020Q4 us-gaap Liabilities
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11835776000 USD
CY2021Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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63900000 USD
CY2020Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
61600000 USD
CY2021Q3 us-gaap Revenues
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6941403000 USD
CY2021Q3 us-gaap Operating Income Loss
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1924495000 USD
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94942000 USD
CY2021Q3 len Contribution Expense
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15199000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1814354000 USD
CY2020Q3 us-gaap Revenues
Revenues
5870254000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
951674000 USD
CY2020Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
85998000 USD
CY2020Q3 len Contribution Expense
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6663000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
859013000 USD
us-gaap Revenues
Revenues
18697116000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
4576449000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
296190000 USD
len Contribution Expense
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42006000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4238253000 USD
us-gaap Revenues
Revenues
15662964000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
2222101000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
246815000 USD
len Contribution Expense
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16144000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1959142000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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19702098000 USD
CY2021Q3 us-gaap Profit Loss
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1409218000 USD
CY2021Q3 len Stock Issued During Period Value Sharebased Compensation Netof Forfeituresand Treasury Stock Retired
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-32426000 USD
CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
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246385000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
24752000 USD
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
77662000 USD
CY2021Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
4670000 USD
CY2021Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3633000 USD
CY2021Q3 len Noncontrolling Interest Other Non Cash Activity
NoncontrollingInterestOtherNonCashActivity
-1224000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
131000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20779539000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16632624000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
669323000 USD
CY2020Q3 len Stock Issued During Period Value Sharebased Compensation Netof Forfeituresand Treasury Stock Retired
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-22843000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
28658000 USD
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
38967000 USD
CY2020Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
6504000 USD
CY2020Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
7949000 USD
CY2020Q3 len Noncontrolling Interests Non Cash Consolidations
NoncontrollingInterestsNonCashConsolidations
17079000 USD
CY2020Q3 len Noncontrolling Interest Other Non Cash Activity
NoncontrollingInterestOtherNonCashActivity
-4259000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
175000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
17280345000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
18099401000 USD
us-gaap Profit Loss
ProfitLoss
3262899000 USD
len Stock Issued During Period Value Sharebased Compensation Netof Forfeituresand Treasury Stock Retired
StockIssuedDuringPeriodValueSharebasedCompensationNetofForfeituresandTreasuryStockRetired
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us-gaap Treasury Stock Value Acquired Cost Method
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387955000 USD
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105846000 USD
us-gaap Dividends Common Stock Cash
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233988000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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18575000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
20859000 USD
len Noncontrolling Interest Other Non Cash Activity
NoncontrollingInterestOtherNonCashActivity
-643000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20779539000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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16033830000 USD
us-gaap Profit Loss
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1576644000 USD
len Stock Issued During Period Value Sharebased Compensation Netof Forfeituresand Treasury Stock Retired
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us-gaap Treasury Stock Value Acquired Cost Method
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288515000 USD
us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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83799000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
117112000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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175565000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
29450000 USD
len Noncontrolling Interests Non Cash Consolidations
NoncontrollingInterestsNonCashConsolidations
-114712000 USD
len Noncontrolling Interest Other Non Cash Activity
NoncontrollingInterestOtherNonCashActivity
-9427000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-661000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
17280345000 USD
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.125
CY2020Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
CY2021Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000 USD
CY2021Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
25000000 shares
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
405136000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
189690000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
975354000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
382498000 USD
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.224
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.222
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.231
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.195
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
1406888000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
666418000 USD
us-gaap Net Income Loss
NetIncomeLoss
3239620000 USD
us-gaap Net Income Loss
NetIncomeLoss
1582276000 USD
CY2021Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
776000 USD
CY2020Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
324000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
2182000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1014000 USD
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
15918000 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
7474000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
38329000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
17433000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1390194000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
658620000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3199109000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1563829000 USD
CY2021Q3 len Dilutive Securities Effecton Basic Earnings Per Share Attributableto Noncontrolling Interest
DilutiveSecuritiesEffectonBasicEarningsPerShareAttributabletoNoncontrollingInterest
785000 USD
CY2020Q3 len Dilutive Securities Effecton Basic Earnings Per Share Attributableto Noncontrolling Interest
DilutiveSecuritiesEffectonBasicEarningsPerShareAttributabletoNoncontrollingInterest
3606000 USD
len Dilutive Securities Effecton Basic Earnings Per Share Attributableto Noncontrolling Interest
DilutiveSecuritiesEffectonBasicEarningsPerShareAttributabletoNoncontrollingInterest
2907000 USD
len Dilutive Securities Effecton Basic Earnings Per Share Attributableto Noncontrolling Interest
DilutiveSecuritiesEffectonBasicEarningsPerShareAttributabletoNoncontrollingInterest
6928000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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1389409000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
655014000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3196202000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1556901000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
307296000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
308889000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
308403000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
309492000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
307296000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
308890000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
308403000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
309493000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.52
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.05
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.52
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.36
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.03
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
361741000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
301462000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
341765000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
294138000 USD
CY2021Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
55236000 USD
CY2020Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
50324000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
149854000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
134867000 USD
CY2021Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
8288000 USD
CY2020Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
3640000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
27048000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
17251000 USD
CY2021Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
50290000 USD
CY2020Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
36677000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
143692000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
127507000 USD
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
374975000 USD
CY2020Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
318749000 USD
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
374975000 USD
CY2020Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
318749000 USD
CY2021Q3 len Numberof Active Communities
NumberofActiveCommunities
1192 community
CY2021Q3 len Numberof Communities Assessedfor Impairment
NumberofCommunitiesAssessedforImpairment
8 community
len Numberof Communities Impaired
NumberofCommunitiesImpaired
1 community
us-gaap Inventory Write Down
InventoryWriteDown
11849000 USD
CY2020Q3 len Numberof Active Communities
NumberofActiveCommunities
1194 community
CY2020Q3 len Numberof Communities Assessedfor Impairment
NumberofCommunitiesAssessedforImpairment
28 community
len Numberof Communities Impaired
NumberofCommunitiesImpaired
14 community
us-gaap Inventory Write Down
InventoryWriteDown
40364000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
157164000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
113390000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
165095000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
122836000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y3M18D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y7M6D
CY2021Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.029
CY2020Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.031
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
7982000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
34360000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
28283000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
23113000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
18702000 USD
CY2021Q3 len Lessee Operating Lease Liability Payments Dueafter Year Four
LesseeOperatingLeaseLiabilityPaymentsDueafterYearFour
74108000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
186548000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
21453000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
165095000 USD
CY2021Q3 len Lessee Operating Lease Liability Variable Lease Payments Due
LesseeOperatingLeaseLiabilityVariableLeasePaymentsDue
26200000 USD
CY2021Q3 len Lessee Operating Lease Liability Shortterm Lease Payments Due
LesseeOperatingLeaseLiabilityShorttermLeasePaymentsDue
2100000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y3M18D
CY2021Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.029
us-gaap Operating Lease Cost
OperatingLeaseCost
63232000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
62554000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
22174000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
40359000 USD

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