$LEN
LENNAR CORP /NEW/ Stock $len

$len Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000162828023024026 Filed on June 30, 2023

Income Statement

Concept	2023 Q2	2022 Q2
Revenue	$8.045B	$8.359B
YoY Change	-3.75%	29.99%
Cost Of Revenue	$6.661B	$6.323B
YoY Change	5.34%	23.73%
Gross Profit	$1.384B	$2.036B
YoY Change	-32.0%	54.21%
Gross Profit Margin	17.21%	24.35%
Selling, General & Admin	$124.8M	$105.2M
YoY Change	18.59%	15.99%
% of Gross Profit	9.01%	5.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$23.73M	$19.40M
YoY Change	22.34%	-13.39%
% of Gross Profit	1.71%	0.95%
Operating Expenses	$151.8M	$119.0M
YoY Change	27.55%	8.58%
Operating Profit	$1.233B	$1.917B
YoY Change	-35.69%	59.45%
Interest Expense	-$73.96M	-$161.9M
YoY Change	-54.32%	-38.93%
% of Operating Profit	-6.0%	-8.45%
Other Income/Expense, Net	-$9.960M	-$7.562M
YoY Change	31.71%
Pretax Income	$1.159B	$1.755B
YoY Change	-33.98%	59.98%
Income Tax	$280.9M	$432.3M
% Of Pretax Income	24.24%	24.63%
Net Earnings	$858.2M	$1.321B
YoY Change	-35.02%	58.87%
Net Earnings / Revenue	10.67%	15.8%
Basic Earnings Per Share	$3.01	$4.50
Diluted Earnings Per Share	$3.01	$4.49
COMMON SHARES
Basic Shares Outstanding	284.9M shares	289.9M shares
Diluted Shares Outstanding	284.9M shares	289.9M shares

Balance Sheet

Concept	2023 Q2	2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.288B	$1.517B
YoY Change	182.65%	-44.59%
Cash & Equivalents	$4.288B	$1.553B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$22.17B	$22.49B
Prepaid Expenses
Receivables	$974.3M	$1.001B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$27.43B	$25.01B
YoY Change	9.68%	12.4%
LONG-TERM ASSETS
Property, Plant & Equipment	$138.7M	$150.0M
YoY Change	-7.5%	-4.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$2.687B	$2.843B
YoY Change	-5.5%	36.63%
Other Assets	$1.203B	$1.309B
YoY Change	-8.07%	23.37%
Total Long-Term Assets	$9.429B	$9.298B
YoY Change	1.41%	3.62%
TOTAL ASSETS
Total Short-Term Assets	$27.43B	$25.01B
Total Long-Term Assets	$9.429B	$9.298B
Total Assets	$36.86B	$34.31B
YoY Change	7.44%	9.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.701B	$1.555B
YoY Change	9.38%	32.79%
Accrued Expenses	$147.2M	$159.0M
YoY Change	-7.41%	-4.22%
Deferred Revenue
YoY Change
Short-Term Debt	$1.174B	$1.339B
YoY Change	-12.33%	43.98%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.022B	$3.053B
YoY Change	-1.01%	34.67%
LONG-TERM LIABILITIES
Long-Term Debt	$3.852B	$4.646B
YoY Change	-17.08%	-21.17%
Other Long-Term Liabilities	$4.822B	$4.818B
YoY Change	0.09%	43.39%
Total Long-Term Liabilities	$8.674B	$9.464B
YoY Change	-8.34%	2.27%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.022B	$3.053B
Total Long-Term Liabilities	$8.674B	$9.464B
Total Liabilities	$11.84B	$12.52B
YoY Change	-5.38%	8.64%
SHAREHOLDERS EQUITY
Retained Earnings	$20.11B	$16.29B
YoY Change	23.47%	33.06%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$675.7M	$76.62M
YoY Change	781.92%	-94.73%
Treasury Stock Shares
Shareholders Equity	$25.02B	$21.60B
YoY Change
Total Liabilities & Shareholders Equity	$36.86B	$34.31B
YoY Change	7.44%	9.87%

Cashflow Statement

Concept	2023 Q2	2022 Q2
OPERATING ACTIVITIES
Net Income	$858.2M	$1.321B
YoY Change	-35.02%	58.87%
Depreciation, Depletion And Amortization	$23.73M	$19.40M
YoY Change	22.34%	-13.39%
Cash From Operating Activities	$660.5M	$124.8M
YoY Change	429.22%	-62.48%
INVESTING ACTIVITIES
Capital Expenditures	$25.85M	-$5.100M
YoY Change	-606.76%	-66.45%
Acquisitions
YoY Change
Other Investing Activities	-$18.37M	-$39.70M
YoY Change	-53.72%	-167.98%
Cash From Investing Activities	-$44.22M	-$44.80M
YoY Change	-1.3%	-203.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	-$207.3M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-574.6M	-132.2M
YoY Change	334.62%	-29.72%
NET CHANGE
Cash From Operating Activities	660.5M	124.8M
Cash From Investing Activities	-44.22M	-44.80M
Cash From Financing Activities	-574.6M	-132.2M
Net Change In Cash	41.69M	-52.20M
YoY Change	-179.86%	-127.8%
FREE CASH FLOW
Cash From Operating Activities	$660.5M	$124.8M
Capital Expenditures	$25.85M	-$5.100M
Free Cash Flow	$634.6M	$129.9M
YoY Change	388.55%	-62.65%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	37984295000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	13743928000	usd
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	5417796000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	18861417000	usd
CY2022Q4	us-gaap	Treasury Stock Value TreasuryStockValue	210389000	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	2408000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	24100500000	usd
CY2022Q4	us-gaap	Minority Interest MinorityInterest	139867000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	24240367000	usd
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	0	usd
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	-2285000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	1424000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	3089000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1469652000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1827426000	usd
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	8822000	usd
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	7536000	usd
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	5.07
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	6.16
	us-gaap	Profit Loss ProfitLoss	1477050000	usd
	us-gaap	Profit Loss ProfitLoss	1831873000	usd
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	44039000	usd
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	39519000	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	-1691000	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	-959000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-80942000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-21559000	usd
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	16657000	usd
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	11050000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	126731000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	116510000	usd
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-131520000	usd
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-82461000	usd
	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	724000	usd
	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	0	usd
	len	Unrealized Gain Loss On Financing Receivables Held For Sale UnrealizedGainLossOnFinancingReceivablesHeldForSale	-23563000	usd
	len	Unrealized Gain Loss On Financing Receivables Held For Sale UnrealizedGainLossOnFinancingReceivablesHeldForSale	-27037000	usd
	len	Unrealized Gain Loss On Investments And Other Gain Loss UnrealizedGainLossOnInvestmentsAndOtherGainLoss	-1000000	usd
	len	Unrealized Gain Loss On Investments And Other Gain Loss UnrealizedGainLossOnInvestmentsAndOtherGainLoss	-482829000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	3726000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	7572000	usd
	len	Valuation Adjustmentsand Writeoffsof Option Deposits Preacquisitions Costsand Other Assets ValuationAdjustmentsandWriteoffsofOptionDepositsPreacquisitionsCostsandOtherAssets	85117000	usd
	len	Valuation Adjustmentsand Writeoffsof Option Deposits Preacquisitions Costsand Other Assets ValuationAdjustmentsandWriteoffsofOptionDepositsPreacquisitionsCostsandOtherAssets	14611000	usd
	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	-435880000	usd
	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	-126247000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-10741000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	3114358000	usd
	us-gaap	Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale	0	usd
	us-gaap	Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale	9191000	usd
	us-gaap	Payments For Proceeds From Loans And Leases PaymentsForProceedsFromLoansAndLeases	-8882000	usd
	us-gaap	Payments For Proceeds From Loans And Leases PaymentsForProceedsFromLoansAndLeases	-16576000	usd
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	7000000	usd
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	78769000	usd
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	2859000	usd
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	3102000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-80572000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-64768000	usd
	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	-978053000	usd
	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	-404060000	usd
	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	157764000	usd
	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	0	usd
	len	Repaymentsof Mortgageand Other Debts RepaymentsofMortgageandOtherDebts	34515000	usd
	len	Repaymentsof Mortgageand Other Debts RepaymentsofMortgageandOtherDebts	22600000	usd
	len	Proceedsfrom Other Liabilities ProceedsfromOtherLiabilities	186889000	usd
	len	Proceedsfrom Other Liabilities ProceedsfromOtherLiabilities	557498000	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>
CY2023Q2	us-gaap	Escrow Deposit EscrowDeposit	231400000	usd
CY2022Q4	us-gaap	Escrow Deposit EscrowDeposit	1000000000	usd
CY2023Q2	len	Escrow Deposit Period EscrowDepositPeriod	P2D
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	24555287000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	877742000	usd
CY2023Q2	len	Stock Issued During Period Value Sharebased Compensation Netof Forfeituresand Treasury Stock Retired StockIssuedDuringPeriodValueSharebasedCompensationNetofForfeituresandTreasuryStockRetired	4229000	usd
CY2023Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	209928000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	40173000	usd
CY2023Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	110386000	usd
CY2023Q2	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	2421000	usd
CY2023Q2	len	Noncontrolling Interest Other Non Cash Activity NoncontrollingInterestOtherNonCashActivity	1008000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	573000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	25161119000	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 Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	320710000	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	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
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	24240367000	usd
	us-gaap	Profit Loss ProfitLoss	1477050000	usd
	len	Stock Issued During Period Value Sharebased Compensation Netof Forfeituresand Treasury Stock Retired StockIssuedDuringPeriodValueSharebasedCompensationNetofForfeituresandTreasuryStockRetired	-62761000	usd
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	400859000	usd
	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	126731000	usd
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	218277000	usd
	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	4918000	usd
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	20623000	usd
	len	Noncontrolling Interest Other Non Cash Activity NoncontrollingInterestOtherNonCashActivity	13149000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	1424000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	25161119000	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 Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	847071000	usd
	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	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
CY2022Q4	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.375
CY2022Q3	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.375
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
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	466024000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	599696000	usd
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.241
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.247
	us-gaap	Net Income Loss NetIncomeLoss	1468228000	usd
	us-gaap	Net Income Loss NetIncomeLoss	1824337000	usd
	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	4296000	usd
	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	3175000	usd
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	15695000	usd
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	19189000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1448237000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1801973000	usd
	len	Dilutive Securities Effect On Basic Earnings Attributable To Noncontrolling Interest DilutiveSecuritiesEffectOnBasicEarningsAttributableToNoncontrollingInterest	0	usd
	len	Dilutive Securities Effect On Basic Earnings Attributable To Noncontrolling Interest DilutiveSecuritiesEffectOnBasicEarningsAttributableToNoncontrollingInterest	2843000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	1448237000	usd
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	285492000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	291913000	shares
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	6.17
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	5.07
CY2023Q2	len	Numberof Active Communities NumberofActiveCommunities	1256	community
CY2023Q2	len	Numberof Communities Assessedfor Impairment NumberofCommunitiesAssessedforImpairment	34	community
	len	Numberof Communities Impaired NumberofCommunitiesImpaired	5	community
	us-gaap	Inventory Write Down InventoryWriteDown	12247000	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
CY2023Q2	us-gaap	Impairment Of Investments ImpairmentOfInvestments	36800000	usd
	us-gaap	Impairment Of Investments ImpairmentOfInvestments	36800000	usd
CY2023Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	403334000	usd
CY2022Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	374146000	usd
CY2022Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	418017000	usd
CY2021Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	377021000	usd
CY2023Q2	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	67221000	usd
CY2022Q2	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	67815000	usd
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	120900000	usd
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	117007000	usd
CY2023Q2	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	14246000	usd
CY2022Q2	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	998000	usd
	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	10188000	usd
	us-gaap	Standard Product Warranty Accrual Preexisting Increase Decrease StandardProductWarrantyAccrualPreexistingIncreaseDecrease	5722000	usd
CY2023Q2	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	69647000	usd
CY2022Q2	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	64969000	usd
	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	133951000	usd
	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	121760000	usd
CY2023Q2	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	415154000	usd
CY2022Q2	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	377990000	usd
CY2023Q2	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	415154000	usd
CY2022Q2	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	377990000	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	138746000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	149966000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	147222000	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	158832000	usd
CY2023Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P7Y8M12D
CY2022Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P7Y10M24D
CY2023Q2	us-gaap	Lessee Operating Lease Discount Rate LesseeOperatingLeaseDiscountRate	0.031
CY2022Q4	us-gaap	Lessee Operating Lease Discount Rate LesseeOperatingLeaseDiscountRate	0.030
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	17412000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	29701000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	25185000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	19571000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	16366000	usd
CY2023Q2	len	Lessee Operating Lease Liability Payments Dueafter Year Four LesseeOperatingLeaseLiabilityPaymentsDueafterYearFour	56958000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	165193000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	17971000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	147222000	usd
CY2023Q2	len	Lessee Operating Lease Liability Variable Lease Payments Due LesseeOperatingLeaseLiabilityVariableLeasePaymentsDue	22700000	usd
CY2023Q2	len	Lessee Operating Lease Liability Shortterm Lease Payments Due LesseeOperatingLeaseLiabilityShorttermLeasePaymentsDue	2300000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	52998000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	50698000	usd

Files In Submission

Name	View Source	Status
0001628280-23-024026-index-headers.html	Edgar Link	pending
0001628280-23-024026-index.html	Edgar Link	pending
0001628280-23-024026.txt	Edgar Link	pending
0001628280-23-024026-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
len-20230531.htm	Edgar Link	pending
len-20230531.xsd	Edgar Link	pending
len-ex311_2023531x10qq2.htm	Edgar Link	pending
len-20230531_cal.xml	Edgar Link	unprocessable
len-20230531_lab.xml	Edgar Link	unprocessable
len-20230531_def.xml	Edgar Link	unprocessable
len-20230531_pre.xml	Edgar Link	unprocessable
len-20230531_htm.xml	Edgar Link	completed
len-ex312_2023531x10qq2.htm	Edgar Link	pending
len-ex313_2023531x10qq2.htm	Edgar Link	pending
len-ex32_2023531x10qq2.htm	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable

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$LEN
LENNAR CORP /NEW/ Stock $len

2023 Q2 Form 10-Q Financial Statement

#000162828023024026 Filed on June 30, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LEN LENNAR CORP /NEW/ Stock $len

2023 Q2 Form 10-Q Financial Statement

#000162828023024026 Filed on June 30, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LEN
LENNAR CORP /NEW/ Stock $len