2022 Q2 Form 10-Q Financial Statement
#000162828022018377 Filed on July 01, 2022
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
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0000920760 | ||
dei |
Current Fiscal Year End Date
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|
--11-30 | ||
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Document Fiscal Year Focus
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|
2022 | ||
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|
Q2 | ||
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false | ||
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10-Q | ||
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2022-05-31 | ||
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1-11749 | ||
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DE | ||
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95-4337490 | ||
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5505 Blue Lagoon Drive | ||
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Miami | ||
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FL | ||
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33126 | ||
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305 | ||
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559-4000 | ||
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Large Accelerated Filer | ||
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|
13576000 | USD | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-126247000 | USD | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-117910000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
3114358000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1576420000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
26053000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
180914000 | USD | |
us-gaap |
Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
|
-336083000 | USD | |
us-gaap |
Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
|
-444413000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
276695000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
184716000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
52610000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
718120000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
10866000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
24354000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
18247000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
32002000 | USD | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
261372000 | USD | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
282203000 | USD | |
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
239123000 | USD | |
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
231545000 | USD | |
us-gaap |
Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
|
0 | USD | |
us-gaap |
Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
|
15950000 | USD | |
us-gaap |
Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
|
9191000 | USD | |
us-gaap |
Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
|
11307000 | USD | |
us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
0 | USD | |
us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
3327000 | USD | |
us-gaap |
Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
|
-16576000 | USD | |
us-gaap |
Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
|
3864000 | USD | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
78769000 | USD | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
43698000 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
3102000 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
9916000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-64768000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-50072000 | USD | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-404060000 | USD | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-535734000 | USD | |
len |
Repaymentsof Mortgageand Other Debts
RepaymentsofMortgageandOtherDebts
|
22600000 | USD | |
len |
Repaymentsof Mortgageand Other Debts
RepaymentsofMortgageandOtherDebts
|
114964000 | USD | |
us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
0 | USD | |
us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
13973000 | USD | |
len |
Proceedsfrom Other Liabilities
ProceedsfromOtherLiabilities
|
557498000 | USD | |
len |
Proceedsfrom Other Liabilities
ProceedsfromOtherLiabilities
|
301869000 | USD | |
len |
Payments For Turn Of Inventory Not Owned Financing Activities
PaymentsForTurnOfInventoryNotOwnedFinancingActivities
|
347017000 | USD | |
len |
Payments For Turn Of Inventory Not Owned Financing Activities
PaymentsForTurnOfInventoryNotOwnedFinancingActivities
|
149686000 | USD | |
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
18095000 | USD | |
us-gaap |
Proceeds From Minority Shareholders
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
ContributionExpense
|
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 |