2021 Q4 Form 10-K Financial Statement

#000162828022001450 Filed on January 28, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $8.434B $27.13B $6.826B
YoY Change 23.55% 20.64% -2.09%
Cost Of Revenue $6.425B $21.25B $5.507B
YoY Change 16.67% 13.86% -6.2%
Gross Profit $2.009B $5.882B $1.574B
YoY Change 27.59% 53.74% 13.59%
Gross Profit Margin 23.82% 21.68% 23.06%
Selling, General & Admin $102.2M $398.0M $95.50M
YoY Change 7.02% 11.17% 2.69%
% of Gross Profit 5.09% 6.77% 6.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.20M $86.00M $25.80M
YoY Change -21.71% -9.09% -9.15%
% of Gross Profit 1.01% 1.46% 1.64%
Operating Expenses $119.9M $435.0M $107.8M
YoY Change 11.22% 16.0% 36.63%
Operating Profit $1.889B $5.447B $1.466B
YoY Change 28.79% 56.42% 12.2%
Interest Expense -$313.0M $214.0M -$46.60M
YoY Change 571.67% -155.15% -65.04%
% of Operating Profit -16.57% 3.93% -3.18%
Other Income/Expense, Net $180.8M
YoY Change
Pretax Income $1.581B $5.819B $1.165B
YoY Change 35.73% 86.28% 31.05%
Income Tax $387.2M $1.363B $273.7M
% Of Pretax Income 24.49% 23.41% 23.5%
Net Earnings $1.191B $4.430B $882.8M
YoY Change 34.86% 79.72% 30.91%
Net Earnings / Revenue 14.12% 16.33% 12.93%
Basic Earnings Per Share $14.28 $2.82
Diluted Earnings Per Share $3.953M $14.27 $2.82
COMMON SHARES
Basic Shares Outstanding 306.6M shares
Diluted Shares Outstanding 306.6M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.922B $2.922B $2.863B
YoY Change 2.06% 2.06% 97.99%
Cash & Equivalents $2.956B $2.922B $2.863B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $19.17B $19.17B $17.18B
Prepaid Expenses
Receivables $1.198B $1.198B $851.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $23.29B $23.29B $20.89B
YoY Change 11.49% 11.49% 6.42%
LONG-TERM ASSETS
Property, Plant & Equipment $339.9M $835.0M $411.5M
YoY Change -17.4% -10.79% 47.22%
Goodwill $3.632B
YoY Change -0.71%
Intangibles
YoY Change
Long-Term Investments $1.972B $3.223B $2.065B
YoY Change -4.48% 32.96% 4.61%
Other Assets $1.670B $1.670B $1.560B
YoY Change 7.05% 7.05% 6682.61%
Total Long-Term Assets $9.919B $9.919B $9.046B
YoY Change 9.65% 9.65% -7.03%
TOTAL ASSETS
Total Short-Term Assets $23.29B $23.29B $20.89B
Total Long-Term Assets $9.919B $9.919B $9.046B
Total Assets $33.21B $33.21B $29.94B
YoY Change 10.93% 10.93% 1.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.321B $1.321B $1.037B
YoY Change 27.39% 27.39% -18.02%
Accrued Expenses $164.0M $164.0M $123.0M
YoY Change 33.33% 33.33%
Deferred Revenue
YoY Change
Short-Term Debt $1.726B $1.726B $1.466B
YoY Change 17.74% 17.74% -18.42%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.211B $3.211B $2.626B
YoY Change 22.28% 22.28% -14.24%
LONG-TERM LIABILITIES
Long-Term Debt $4.652B $4.652B $5.956B
YoY Change -21.89% -21.89% -23.42%
Other Long-Term Liabilities $4.348B $4.348B $3.254B
YoY Change 33.62% 33.62% 30.84%
Total Long-Term Liabilities $9.000B $9.000B $9.210B
YoY Change -2.28% -2.28% -10.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.211B $3.211B $2.626B
Total Long-Term Liabilities $9.000B $9.000B $9.210B
Total Liabilities $12.21B $12.39B $11.84B
YoY Change 3.17% 3.78% -11.18%
SHAREHOLDERS EQUITY
Retained Earnings $14.69B $10.56B
YoY Change 39.0% 27.37%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.709B $1.279B
YoY Change 111.8% 33.55%
Treasury Stock Shares
Shareholders Equity $20.82B $20.82B $17.99B
YoY Change
Total Liabilities & Shareholders Equity $33.21B $33.21B $29.94B
YoY Change 10.93% 10.93% 1.96%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $1.191B $4.430B $882.8M
YoY Change 34.86% 79.72% 30.91%
Depreciation, Depletion And Amortization $20.20M $86.00M $25.80M
YoY Change -21.71% -9.09% -9.15%
Cash From Operating Activities $1.221B $2.533B $1.294B
YoY Change -5.68% -39.56% 9.29%
INVESTING ACTIVITIES
Capital Expenditures -$25.20M $65.17M -$29.90M
YoY Change -15.72% -10.42% 76.92%
Acquisitions
YoY Change
Other Investing Activities $51.30M -$39.90M $17.10M
YoY Change 200.0% -80.77% -77.47%
Cash From Investing Activities $26.10M -$105.1M -$12.70M
YoY Change -305.51% -62.5% -121.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.430B
YoY Change 344.82%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.103B -$2.405B -580.6M
YoY Change 89.94% -1.71% -31.22%
NET CHANGE
Cash From Operating Activities 1.221B $2.533B 1.294B
Cash From Investing Activities 26.10M -$105.1M -12.70M
Cash From Financing Activities -1.103B -$2.405B -580.6M
Net Change In Cash 143.8M $22.95M 700.7M
YoY Change -79.48% -98.43% 75.66%
FREE CASH FLOW
Cash From Operating Activities $1.221B $2.533B $1.294B
Capital Expenditures -$25.20M $65.17M -$29.90M
Free Cash Flow $1.246B $2.468B $1.324B
YoY Change -5.91% -40.08% 10.24%

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CY2019 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
436325000 USD
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
362181000 USD
CY2020 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
220713000 USD
CY2019 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
405677000 USD
CY2021 us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
11307000 USD
CY2020 us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
3248000 USD
CY2019 us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
0 USD
CY2021 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
0 USD
CY2020 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
0 USD
CY2019 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
2382000 USD
CY2021 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-29397000 USD
CY2020 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
3122000 USD
CY2019 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
3516000 USD
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
128162000 USD
CY2020 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
45548000 USD
CY2019 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
36261000 USD
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
16312000 USD
CY2020 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
52918000 USD
CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
52593000 USD
CY2021 len Payments For Proceeds From Other Investing Activities Net
PaymentsForProceedsFromOtherInvestingActivitiesNet
-16000 USD
CY2020 len Payments For Proceeds From Other Investing Activities Net
PaymentsForProceedsFromOtherInvestingActivitiesNet
-1643000 USD
CY2019 len Payments For Proceeds From Other Investing Activities Net
PaymentsForProceedsFromOtherInvestingActivitiesNet
0 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-105086000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-280205000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
19596000 USD
CY2021 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
1159851000 USD
CY2020 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
1499999000 USD
CY2019 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
1101288000 USD
CY2021 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
195212000 USD
CY2020 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
604995000 USD
CY2019 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
189479000 USD
CY2021 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
13973000 USD
CY2020 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
92688000 USD
CY2019 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
88751000 USD
CY2021 len Proceedsfrom Other Liabilities
ProceedsfromOtherLiabilities
694185000 USD
CY2020 len Proceedsfrom Other Liabilities
ProceedsfromOtherLiabilities
346406000 USD
CY2019 len Proceedsfrom Other Liabilities
ProceedsfromOtherLiabilities
0 USD
CY2021 len Payments For Turn Of Inventory Not Owned Financing Activities
PaymentsForTurnOfInventoryNotOwnedFinancingActivities
350583000 USD
CY2020 len Payments For Turn Of Inventory Not Owned Financing Activities
PaymentsForTurnOfInventoryNotOwnedFinancingActivities
0 USD
CY2019 len Payments For Turn Of Inventory Not Owned Financing Activities
PaymentsForTurnOfInventoryNotOwnedFinancingActivities
0 USD
CY2021 len Payments To Other Liabilities
PaymentsToOtherLiabilities
-25564000 USD
CY2020 len Payments To Other Liabilities
PaymentsToOtherLiabilities
116541000 USD
CY2019 len Payments To Other Liabilities
PaymentsToOtherLiabilities
3850000 USD
CY2021 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
69675000 USD
CY2020 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
176617000 USD
CY2019 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
27859000 USD
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
24605000 USD
CY2020 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
42349000 USD
CY2019 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
43734000 USD
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
493000 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1430212000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
321524000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
523074000 USD
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
309776000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
195043000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
51454000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2404735000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2446575000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1629224000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22953000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1464039000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-127285000 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
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1595976000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2955683000 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
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2955683000 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
CY2021 us-gaap Interest Paid Net
InterestPaidNet
47720000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
97336000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
49870000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1140858000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
402180000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
261445000 USD
CY2021 len Noncashor Part Noncash Acquisition Inventory Land Under Developmentand Other Assets Financedby Sellers
NoncashorPartNoncashAcquisitionInventoryLandUnderDevelopmentandOtherAssetsFinancedbySellers
141319000 USD
CY2020 len Noncashor Part Noncash Acquisition Inventory Land Under Developmentand Other Assets Financedby Sellers
NoncashorPartNoncashAcquisitionInventoryLandUnderDevelopmentandOtherAssetsFinancedbySellers
120796000 USD
CY2019 len Noncashor Part Noncash Acquisition Inventory Land Under Developmentand Other Assets Financedby Sellers
NoncashorPartNoncashAcquisitionInventoryLandUnderDevelopmentandOtherAssetsFinancedbySellers
101300000 USD
CY2021 len Noncashor Part Noncash Contribution Amount
NoncashorPartNoncashContributionAmount
27880000 USD
CY2020 len Noncashor Part Noncash Contribution Amount
NoncashorPartNoncashContributionAmount
97281000 USD
CY2019 len Noncashor Part Noncash Contribution Amount
NoncashorPartNoncashContributionAmount
156075000 USD
CY2021 len Noncash Saleof Operating Propertyand Equipment
NoncashSaleofOperatingPropertyandEquipment
0 USD
CY2020 len Noncash Saleof Operating Propertyand Equipment
NoncashSaleofOperatingPropertyandEquipment
0 USD
CY2019 len Noncash Saleof Operating Propertyand Equipment
NoncashSaleofOperatingPropertyandEquipment
48671000 USD
CY2021 len Right Of Use Asset Recognized As Part Of Adjustment For New Accounting Pronouncement
RightOfUseAssetRecognizedAsPartOfAdjustmentForNewAccountingPronouncement
0 USD
CY2020 len Right Of Use Asset Recognized As Part Of Adjustment For New Accounting Pronouncement
RightOfUseAssetRecognizedAsPartOfAdjustmentForNewAccountingPronouncement
150702000 USD
CY2019 len Right Of Use Asset Recognized As Part Of Adjustment For New Accounting Pronouncement
RightOfUseAssetRecognizedAsPartOfAdjustmentForNewAccountingPronouncement
0 USD
CY2021 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
CY2020 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
159717000 USD
CY2019 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
CY2021 us-gaap Advertising Expense
AdvertisingExpense
74200000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
72600000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
84300000 USD
CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
940400000 USD
CY2020Q4 us-gaap Escrow Deposit
EscrowDeposit
314300000 USD
CY2021 len Escrow Deposit Period
EscrowDepositPeriod
P3D
CY2020 len Escrow Deposit Period
EscrowDepositPeriod
P3D
CY2021Q4 len Accountsand Notes Receivable Gross
AccountsandNotesReceivableGross
492809000 USD
CY2020Q4 len Accountsand Notes Receivable Gross
AccountsandNotesReceivableGross
301469000 USD
CY2021Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
490278000 USD
CY2020Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
298671000 USD
CY2021Q4 len Numberof Active Communities
NumberofActiveCommunities
1259 communities
CY2020Q4 len Numberof Active Communities
NumberofActiveCommunities
1173 communities
CY2021 len Numberof Communities Assessedfor Impairment
NumberofCommunitiesAssessedforImpairment
4 community
CY2021 len Numberof Communities Impaired
NumberofCommunitiesImpaired
1 community
CY2021Q4 len Inventory Operative Builders Fair Value Measurement Adjustments Fair Value
InventoryOperativeBuildersFairValueMeasurementAdjustmentsFairValue
5267000 USD
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
11849000 USD
CY2020 len Numberof Communities Assessedfor Impairment
NumberofCommunitiesAssessedforImpairment
10 community
CY2020 len Numberof Communities Impaired
NumberofCommunitiesImpaired
16 community
CY2020Q4 len Inventory Operative Builders Fair Value Measurement Adjustments Fair Value
InventoryOperativeBuildersFairValueMeasurementAdjustmentsFairValue
79734000 USD
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
44811000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
538761000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
589037000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
198855000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
177519000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
339906000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
411518000 USD
CY2021 len Heldto Maturity Securities Debt Maturities Term
HeldtoMaturitySecuritiesDebtMaturitiesTerm
P3Y
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2700000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4400000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
341765000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
294138000 USD
CY2021 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
217641000 USD
CY2020 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
191311000 USD
CY2021 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
29436000 USD
CY2020 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
29461000 USD
CY2021 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
211821000 USD
CY2020 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
173145000 USD
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
377021000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
341765000 USD
CY2021Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
169100000 USD
CY2020Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
125400000 USD
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
CY2021Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000 USD
CY2021Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
25000000 shares
CY2021Q4 len Stock Repurchase Program Value Repurchased
StockRepurchaseProgramValueRepurchased
1000000000 USD
CY2021Q4 len Dividends Maximum Rateasa Percentageof Net Incomeinthe Eventof Default
DividendsMaximumRateasaPercentageofNetIncomeintheEventofDefault
0.50
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
29400000 USD
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
27300000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
24500000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
135090000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
107131000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
86940000 USD
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
100100000 USD
CY2020Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
68800000 USD
CY2021Q4 us-gaap Equity Method Investment Underlying Equity In Net Assets
EquityMethodInvestmentUnderlyingEquityInNetAssets
1301719000 USD
CY2020Q4 us-gaap Equity Method Investment Underlying Equity In Net Assets
EquityMethodInvestmentUnderlyingEquityInNetAssets
1269701000 USD
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1972383000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2064921000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
924474000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
428907000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
298701000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
245941000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
135246000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
53400000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1170415000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
564153000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
352101000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
149349000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
59065000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
165080000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
42745000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
33017000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
74992000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
192094000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
92082000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
240072000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1362509000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
656235000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
592173000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0403
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0400
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0417
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.0173
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.0446
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.0149
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.0049
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.0057
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.0045
CY2021 len Effective Income Tax Rate Reconciliation Tax Reserves And Interest Expense Percent
EffectiveIncomeTaxRateReconciliationTaxReservesAndInterestExpensePercent
0.0003
CY2020 len Effective Income Tax Rate Reconciliation Tax Reserves And Interest Expense Percent
EffectiveIncomeTaxRateReconciliationTaxReservesAndInterestExpensePercent
0
CY2019 len Effective Income Tax Rate Reconciliation Tax Reserves And Interest Expense Percent
EffectiveIncomeTaxRateReconciliationTaxReservesAndInterestExpensePercent
-0.0003
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.0001
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.0002
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0029
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0009
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0018
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2352
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2102
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2426
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
94624000 USD
CY2020Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
136868000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
187466000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
161984000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
74902000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
88021000 USD
CY2021Q4 len Deferred Tax Assets Capitalized Expenses
DeferredTaxAssetsCapitalizedExpenses
174405000 USD
CY2020Q4 len Deferred Tax Assets Capitalized Expenses
DeferredTaxAssetsCapitalizedExpenses
130910000 USD
CY2021Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
48913000 USD
CY2020Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
67405000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
37813000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
25060000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
49828000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
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