2022 Q2 Form 10-Q Financial Statement

#000162828022018377 Filed on July 01, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q4 2021 Q2
Revenue $8.359B $8.434B $6.430B
YoY Change 29.99% 23.55% 21.62%
Cost Of Revenue $6.323B $6.425B $5.110B
YoY Change 23.73% 16.67% 14.7%
Gross Profit $2.036B $2.009B $1.320B
YoY Change 54.21% 27.59% 24.27%
Gross Profit Margin 24.35% 23.82% 20.53%
Selling, General & Admin $105.2M $102.2M $90.70M
YoY Change 15.99% 7.02% 8.62%
% of Gross Profit 5.17% 5.09% 6.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.40M $20.20M $22.40M
YoY Change -13.39% -21.71% -7.05%
% of Gross Profit 0.95% 1.01% 1.7%
Operating Expenses $119.0M $119.9M $109.6M
YoY Change 8.58% 11.22% 21.64%
Operating Profit $1.917B $1.889B $1.202B
YoY Change 59.45% 28.79% 58.16%
Interest Expense -$161.9M -$313.0M -$265.1M
YoY Change -38.93% 571.67% 108.9%
% of Operating Profit -8.45% -16.57% -22.05%
Other Income/Expense, Net -$7.562M
YoY Change
Pretax Income $1.755B $1.581B $1.097B
YoY Change 59.98% 35.73% 62.12%
Income Tax $432.3M $387.2M $260.1M
% Of Pretax Income 24.63% 24.49% 23.71%
Net Earnings $1.321B $1.191B $831.4M
YoY Change 58.87% 34.86% 60.68%
Net Earnings / Revenue 15.8% 14.12% 12.93%
Basic Earnings Per Share $4.50 $2.66
Diluted Earnings Per Share $4.49 $3.953M $2.65
COMMON SHARES
Basic Shares Outstanding 289.9M shares 308.9M shares
Diluted Shares Outstanding 289.9M shares 308.9M shares

Balance Sheet

Concept 2022 Q2 2021 Q4 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.517B $2.922B $2.738B
YoY Change -44.59% 2.06% 66.75%
Cash & Equivalents $1.553B $2.956B $2.738B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $22.49B $19.17B $18.74B
Prepaid Expenses
Receivables $1.001B $1.198B $776.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $25.01B $23.29B $22.25B
YoY Change 12.4% 11.49% 6.91%
LONG-TERM ASSETS
Property, Plant & Equipment $150.0M $339.9M $157.0M
YoY Change -4.46% -17.4% 22.66%
Goodwill $3.632B
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $2.843B $1.972B $2.081B
YoY Change 36.63% -4.48% 1.73%
Other Assets $1.309B $1.670B $1.061B
YoY Change 23.37% 7.05% -9.93%
Total Long-Term Assets $9.298B $9.919B $8.973B
YoY Change 3.62% 9.65% 5.6%
TOTAL ASSETS
Total Short-Term Assets $25.01B $23.29B $22.25B
Total Long-Term Assets $9.298B $9.919B $8.973B
Total Assets $34.31B $33.21B $31.22B
YoY Change 9.87% 10.93% 6.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.555B $1.321B $1.171B
YoY Change 32.79% 27.39% 13.25%
Accrued Expenses $159.0M $164.0M $166.0M
YoY Change -4.22% 33.33% 20.29%
Deferred Revenue
YoY Change
Short-Term Debt $1.339B $1.726B $930.0M
YoY Change 43.98% 17.74% -35.51%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.053B $3.211B $2.267B
YoY Change 34.67% 22.28% -13.27%
LONG-TERM LIABILITIES
Long-Term Debt $4.646B $4.652B $5.894B
YoY Change -21.17% -21.89% -21.37%
Other Long-Term Liabilities $4.818B $4.348B $3.360B
YoY Change 43.39% 33.62% 30.84%
Total Long-Term Liabilities $9.464B $9.000B $9.254B
YoY Change 2.27% -2.28% -8.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.053B $3.211B $2.267B
Total Long-Term Liabilities $9.464B $9.000B $9.254B
Total Liabilities $12.52B $12.21B $11.52B
YoY Change 8.64% 3.17% -9.11%
SHAREHOLDERS EQUITY
Retained Earnings $16.29B $14.69B $12.24B
YoY Change 33.06% 39.0% 34.04%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $76.62M $2.709B $1.453B
YoY Change -94.73% 111.8% 15.87%
Treasury Stock Shares
Shareholders Equity $21.60B $20.82B $19.58B
YoY Change
Total Liabilities & Shareholders Equity $34.31B $33.21B $31.22B
YoY Change 9.87% 10.93% 6.53%

Cashflow Statement

Concept 2022 Q2 2021 Q4 2021 Q2
OPERATING ACTIVITIES
Net Income $1.321B $1.191B $831.4M
YoY Change 58.87% 34.86% 60.68%
Depreciation, Depletion And Amortization $19.40M $20.20M $22.40M
YoY Change -13.39% -21.71% -7.05%
Cash From Operating Activities $124.8M $1.221B $332.6M
YoY Change -62.48% -5.68% -64.15%
INVESTING ACTIVITIES
Capital Expenditures -$5.100M -$25.20M -$15.20M
YoY Change -66.45% -15.72% 94.87%
Acquisitions
YoY Change
Other Investing Activities -$39.70M $51.30M $58.40M
YoY Change -167.98% 200.0% -132.55%
Cash From Investing Activities -$44.80M $26.10M $43.30M
YoY Change -203.46% -305.51% -123.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -132.2M -1.103B -188.1M
YoY Change -29.72% 89.94% 18.45%
NET CHANGE
Cash From Operating Activities 124.8M 1.221B 332.6M
Cash From Investing Activities -44.80M 26.10M 43.30M
Cash From Financing Activities -132.2M -1.103B -188.1M
Net Change In Cash -52.20M 143.8M 187.8M
YoY Change -127.8% -79.48% -67.72%
FREE CASH FLOW
Cash From Operating Activities $124.8M $1.221B $332.6M
Capital Expenditures -$5.100M -$25.20M -$15.20M
Free Cash Flow $129.9M $1.246B $347.8M
YoY Change -62.65% -5.91% -62.83%

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
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-05-31
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
1-11749
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
95-4337490
dei Entity Address Address Line1
EntityAddressAddressLine1
5505 Blue Lagoon Drive
dei Entity Address City Or Town
EntityAddressCityOrTown
Miami
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33126
dei City Area Code
CityAreaCode
305
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
EntitySmallBusiness
false
dei Entity Shell Company
EntityShellCompany
false
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ProceedsFromMinorityShareholders
13905000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
65521000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
17226000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
905543000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
173644000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
220968000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
156326000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1390116000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-817833000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1402274000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-149785000 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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1553409000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2782945000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1553409000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2782945000 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>
CY2022Q2 us-gaap Escrow Deposit
EscrowDeposit
859800000 USD
CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
940400000 USD
CY2022Q2 len Escrow Deposit Period
EscrowDepositPeriod
P2D
CY2022Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
176200000 USD
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
100100000 USD
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
105207000 USD
CY2022Q2 len Contribution Expense
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16549000 USD
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1754834000 USD
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
90717000 USD
CY2021Q2 len Contribution Expense
ContributionExpense
14493000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1096885000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
218868000 USD
len Contribution Expense
ContributionExpense
29087000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2431569000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
201248000 USD
len Contribution Expense
ContributionExpense
26807000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2423899000 USD
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20847432000 USD
CY2022Q2 us-gaap Profit Loss
ProfitLoss
1322558000 USD
CY2022Q2 len Stock Issued During Period Value Sharebased Compensation Netof Forfeituresand Treasury Stock Retired
StockIssuedDuringPeriodValueSharebasedCompensationNetofForfeituresandTreasuryStockRetired
-2533000 USD
CY2022Q2 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 USD
CY2022Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
320710000 USD
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
35053000 USD
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
110846000 USD
CY2022Q2 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
11111000 USD
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3708000 USD
CY2022Q2 len Noncontrolling Interest Other Non Cash Activity
NoncontrollingInterestOtherNonCashActivity
11355000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
62000 USD
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21789774000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
19017451000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
836772000 USD
CY2021Q2 len Stock Issued During Period Value Sharebased Compensation Netof Forfeituresand Treasury Stock Retired
StockIssuedDuringPeriodValueSharebasedCompensationNetofForfeituresandTreasuryStockRetired
-4537000 USD
CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
98460000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
32276000 USD
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
78483000 USD
CY2021Q2 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
5009000 USD
CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5829000 USD
CY2021Q2 len Noncontrolling Interest Other Non Cash Activity
NoncontrollingInterestOtherNonCashActivity
-2417000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
316000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
19702098000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20996282000 USD
us-gaap Profit Loss
ProfitLoss
1831873000 USD
len Stock Issued During Period Value Sharebased Compensation Netof Forfeituresand Treasury Stock Retired
StockIssuedDuringPeriodValueSharebasedCompensationNetofForfeituresandTreasuryStockRetired
-57419000 USD
us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
847071000 USD
us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
116510000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
220968000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
18095000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
65521000 USD
len Noncontrolling Interest Other Non Cash Activity
NoncontrollingInterestOtherNonCashActivity
14904000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3089000 USD
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21789774000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
18099401000 USD
us-gaap Profit Loss
ProfitLoss
1853681000 USD
len Stock Issued During Period Value Sharebased Compensation Netof Forfeituresand Treasury Stock Retired
StockIssuedDuringPeriodValueSharebasedCompensationNetofForfeituresandTreasuryStockRetired
-30816000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
141570000 USD
us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
81094000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
156326000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
13905000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
17226000 USD
len Noncontrolling Interest Other Non Cash Activity
NoncontrollingInterestOtherNonCashActivity
581000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-626000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
19702098000 USD
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.375
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.250
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
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2000000000 USD
CY2022Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
30000000 shares
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
432276000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
260113000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
599696000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
570218000 USD
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.247
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.238
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.247
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.237
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
1320756000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
831363000 USD
us-gaap Net Income Loss
NetIncomeLoss
1824337000 USD
us-gaap Net Income Loss
NetIncomeLoss
1832732000 USD
CY2022Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
2395000 USD
CY2021Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
776000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3175000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1406000 USD
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
14980000 USD
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
10308000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
19189000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
22026000 USD
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1303381000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
291913000 shares
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
820279000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1801973000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1809300000 USD
CY2022Q2 len Dilutive Securities Effect On Basic Earnings Attributable To Noncontrolling Interest
DilutiveSecuritiesEffectOnBasicEarningsAttributableToNoncontrollingInterest
1045000 USD
CY2021Q2 len Dilutive Securities Effect On Basic Earnings Attributable To Noncontrolling Interest
DilutiveSecuritiesEffectOnBasicEarningsAttributableToNoncontrollingInterest
1569000 USD
len Dilutive Securities Effect On Basic Earnings Attributable To Noncontrolling Interest
DilutiveSecuritiesEffectOnBasicEarningsAttributableToNoncontrollingInterest
2843000 USD
len Dilutive Securities Effect On Basic Earnings Attributable To Noncontrolling Interest
DilutiveSecuritiesEffectOnBasicEarningsAttributableToNoncontrollingInterest
2122000 USD
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1302336000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
818710000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1799130000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1807178000 USD
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
289895000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
308893000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
291913000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
308957000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
289895000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
308893000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
308957000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.50
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.66
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.86
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.49
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.65
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.85
CY2022Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
64969000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
51168000 USD
CY2022Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
374146000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
348100000 USD
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
377021000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
341765000 USD
CY2022Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
67815000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
51690000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
117007000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
94618000 USD
CY2022Q2 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
998000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
13119000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
5722000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
18760000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
121760000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
93402000 USD
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
377990000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
361741000 USD
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
377990000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
361741000 USD
CY2022Q2 len Numberof Active Communities
NumberofActiveCommunities
1218 community
CY2022Q2 len Numberof Communities Assessedfor Impairment
NumberofCommunitiesAssessedforImpairment
6 community
len Numberof Communities Impaired
NumberofCommunitiesImpaired
0 community
us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2021Q2 len Numberof Active Communities
NumberofActiveCommunities
1221 community
CY2021Q2 len Numberof Communities Assessedfor Impairment
NumberofCommunitiesAssessedforImpairment
10 community
len Numberof Communities Impaired
NumberofCommunitiesImpaired
1 community
us-gaap Inventory Write Down
InventoryWriteDown
11849000 USD
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
149772000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
155616000 USD
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
158573000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
163513000 USD
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y2M12D
CY2022Q2 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.029
CY2021Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.028
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
17586000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
30964000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
25374000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
21181000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16416000 USD
CY2022Q2 len Lessee Operating Lease Liability Payments Dueafter Year Four
LesseeOperatingLeaseLiabilityPaymentsDueafterYearFour
66826000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
178347000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
19774000 USD
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
158573000 USD
CY2022Q2 len Lessee Operating Lease Liability Variable Lease Payments Due
LesseeOperatingLeaseLiabilityVariableLeasePaymentsDue
17000000 USD
CY2022Q2 len Lessee Operating Lease Liability Shortterm Lease Payments Due
LesseeOperatingLeaseLiabilityShorttermLeasePaymentsDue
2300000 USD
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y2M12D
CY2022Q2 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.029
us-gaap Operating Lease Cost
OperatingLeaseCost
50698000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
41662000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
17196000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
18122000 USD

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