2023 Q4 Form 10-K Financial Statement

#000162828024002371 Filed on January 26, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $10.97B $34.23B $33.67B
YoY Change 7.8% 1.67% 24.11%
Cost Of Revenue $8.827B $28.05B $26.18B
YoY Change 8.76% 7.16% 23.18%
Gross Profit $2.142B $6.183B $7.496B
YoY Change 4.04% -17.51% 27.44%
Gross Profit Margin 19.52% 18.06% 22.26%
Selling, General & Admin $136.3M $501.3M $414.5M
YoY Change 70.26% 20.95% 4.15%
% of Gross Profit 6.37% 8.11% 5.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.02M $110.2M $87.08M
YoY Change -0.47% 26.52% 1.25%
% of Gross Profit 1.36% 1.78% 1.16%
Operating Expenses $187.1M $543.9M $457.3M
YoY Change 104.99% 18.95% 5.12%
Operating Profit $1.954B $5.640B $7.038B
YoY Change -0.64% -19.88% 29.22%
Interest Expense -$170.3M -$437.2M -$1.024B
YoY Change -18.25% -57.3% -578.47%
% of Operating Profit -8.72% -7.75% -14.55%
Other Income/Expense, Net $30.52M -$15.29M
YoY Change -299.64% -108.45%
Pretax Income $1.784B $5.202B $6.015B
YoY Change 1.44% -13.5% 3.36%
Income Tax $416.8M $1.241B $1.366B
% Of Pretax Income 23.36% 23.86% 22.71%
Net Earnings $1.346B $3.939B $4.614B
YoY Change 2.83% -14.64% 4.15%
Net Earnings / Revenue 12.27% 11.5% 13.7%
Basic Earnings Per Share $13.73 $15.74
Diluted Earnings Per Share $4.82 $13.73 $15.72
COMMON SHARES
Basic Shares Outstanding 283.3M shares 289.8M shares
Diluted Shares Outstanding 283.3M shares 289.8M shares

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.474B $6.474B $4.779B
YoY Change 35.49% 35.49% 63.54%
Cash & Equivalents $6.571B $6.474B $4.779B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $18.90B $18.90B $21.86B
Prepaid Expenses
Receivables $1.604B $1.604B $1.500B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $26.98B $26.98B $28.14B
YoY Change -4.14% -4.14% 20.84%
LONG-TERM ASSETS
Property, Plant & Equipment $404.8M $955.4M $860.2M
YoY Change 13.99% 11.07% 3.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.551B $2.551B $2.753B
YoY Change -7.33% -7.33% -14.58%
Other Assets $2.183B $2.183B $1.813B
YoY Change 20.4% 20.4% 8.58%
Total Long-Term Assets $12.26B $12.26B $9.843B
YoY Change 24.54% 24.54% -0.77%
TOTAL ASSETS
Total Short-Term Assets $26.98B $26.98B $28.14B
Total Long-Term Assets $12.26B $12.26B $9.843B
Total Assets $39.23B $39.23B $37.98B
YoY Change 3.29% 3.29% 14.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.631B $1.631B $1.616B
YoY Change 0.95% 0.95% 22.34%
Accrued Expenses $154.3M $154.3M $158.8M
YoY Change -2.87% -2.87% -3.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $2.152B
YoY Change -100.0% -100.0% 24.67%
Long-Term Debt Due $3.741M $2.036B
YoY Change
Total Short-Term Liabilities $1.786B $1.786B $3.927B
YoY Change -54.53% -54.53% 22.29%
LONG-TERM LIABILITIES
Long-Term Debt $4.984B $4.984B $4.047B
YoY Change 23.14% 23.14% -13.0%
Other Long-Term Liabilities $5.763B $5.763B $5.770B
YoY Change -0.12% -0.12% 32.7%
Total Long-Term Liabilities $10.75B $10.75B $9.817B
YoY Change 9.47% 9.47% 9.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.786B $1.786B $3.927B
Total Long-Term Liabilities $10.75B $10.75B $9.817B
Total Liabilities $12.53B $12.65B $13.88B
YoY Change -8.82% -8.86% 12.05%
SHAREHOLDERS EQUITY
Retained Earnings $22.37B
YoY Change 18.6%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.393B
YoY Change 562.15%
Treasury Stock Shares
Shareholders Equity $26.58B $26.58B $24.10B
YoY Change
Total Liabilities & Shareholders Equity $39.23B $39.23B $37.98B
YoY Change 3.29% 3.29% 14.38%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income $1.346B $3.939B $4.614B
YoY Change 2.83% -14.64% 4.15%
Depreciation, Depletion And Amortization $29.02M $110.2M $87.08M
YoY Change -0.47% 26.52% 1.25%
Cash From Operating Activities $2.589B $5.180B $3.266B
YoY Change -4.61% 58.61% 28.94%
INVESTING ACTIVITIES
Capital Expenditures $46.19M $99.80M $57.21M
YoY Change -255.62% 74.43% -12.21%
Acquisitions
YoY Change
Other Investing Activities -$15.83M -$77.18M -$71.09M
YoY Change -148.19% 8.57% 78.17%
Cash From Investing Activities -$62.02M -$177.0M -$128.3M
YoY Change -2059.43% 37.94% 22.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.183B $1.039B
YoY Change 13.8% -27.33%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -80.28M -$3.248B -$1.277B
YoY Change -114.67% 154.26% -46.88%
NET CHANGE
Cash From Operating Activities 2.589B $5.180B $3.266B
Cash From Investing Activities -62.02M -$177.0M -$128.3M
Cash From Financing Activities -80.28M -$3.248B -$1.277B
Net Change In Cash 2.447B $1.755B $1.860B
YoY Change -25.04% -5.64% 8003.89%
FREE CASH FLOW
Cash From Operating Activities $2.589B $5.180B $3.266B
Capital Expenditures $46.19M $99.80M $57.21M
Free Cash Flow $2.543B $5.080B $3.208B
YoY Change -7.32% 58.33% 30.02%

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ProceedsfromSaleofOtherAssetsPropertyPlantandEquipmentandMortgageBackedSecurities
13215000 usd
CY2022 len Proceedsfrom Saleof Other Assets Property Plantand Equipmentand Mortgage Backed Securities
ProceedsfromSaleofOtherAssetsPropertyPlantandEquipmentandMortgageBackedSecurities
24686000 usd
CY2021 len Proceedsfrom Saleof Other Assets Property Plantand Equipmentand Mortgage Backed Securities
ProceedsfromSaleofOtherAssetsPropertyPlantandEquipmentandMortgageBackedSecurities
41551000 usd
CY2023 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
0 usd
CY2022 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
0 usd
CY2021 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
32340000 usd
CY2023 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
201042000 usd
CY2022 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
447401000 usd
CY2021 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
408183000 usd
CY2023 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
99643000 usd
CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
398423000 usd
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
362181000 usd
CY2023 us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
0 usd
CY2022 us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
9191000 usd
CY2021 us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
11307000 usd
CY2023 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-14329000 usd
CY2022 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-19491000 usd
CY2021 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-29397000 usd
CY2023 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
8000000 usd
CY2022 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
93769000 usd
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
128162000 usd
CY2023 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
4673000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
16892000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
16312000 usd
CY2023 len Payments For Proceeds From Other Investing Activities Net
PaymentsForProceedsFromOtherInvestingActivitiesNet
0 usd
CY2022 len Payments For Proceeds From Other Investing Activities Net
PaymentsForProceedsFromOtherInvestingActivitiesNet
-1399000 usd
CY2021 len Payments For Proceeds From Other Investing Activities Net
PaymentsForProceedsFromOtherInvestingActivitiesNet
-16000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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-176981000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-128302000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-105086000 usd
CY2023 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
1121133000 usd
CY2022 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
575000000 usd
CY2021 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
1159851000 usd
CY2023 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
105118000 usd
CY2022 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
48079000 usd
CY2021 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
195212000 usd
CY2023 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
0 usd
CY2022 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
0 usd
CY2021 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
13973000 usd
CY2023 len Proceedsfrom Other Liabilities
ProceedsfromOtherLiabilities
461312000 usd
CY2022 len Proceedsfrom Other Liabilities
ProceedsfromOtherLiabilities
1167227000 usd
CY2021 len Proceedsfrom Other Liabilities
ProceedsfromOtherLiabilities
694185000 usd
CY2023 len Payments For Turn Of Inventory Not Owned Financing Activities
PaymentsForTurnOfInventoryNotOwnedFinancingActivities
842781000 usd
CY2022 len Payments For Turn Of Inventory Not Owned Financing Activities
PaymentsForTurnOfInventoryNotOwnedFinancingActivities
682385000 usd
CY2021 len Payments For Turn Of Inventory Not Owned Financing Activities
PaymentsForTurnOfInventoryNotOwnedFinancingActivities
350583000 usd
CY2023 len Payments To Other Liabilities
PaymentsToOtherLiabilities
5187000 usd
CY2022 len Payments To Other Liabilities
PaymentsToOtherLiabilities
21249000 usd
CY2021 len Payments To Other Liabilities
PaymentsToOtherLiabilities
-25564000 usd
CY2023 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
21149000 usd
CY2022 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
41816000 usd
CY2021 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
69675000 usd
CY2023 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
71272000 usd
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
91329000 usd
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
24605000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1182711000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1039309000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1430212000 usd
CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
430560000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
438038000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
309776000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3247589000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1277279000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2404735000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1755168000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1860087000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22953000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4815770000 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6570938000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4815770000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2955683000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
81223000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
67842000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
47720000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1864941000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1273166000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1140858000 usd
CY2023 len Noncashor Part Noncash Acquisition Inventory Land Under Developmentand Other Assets Financedby Sellers
NoncashorPartNoncashAcquisitionInventoryLandUnderDevelopmentandOtherAssetsFinancedbySellers
13500000 usd
CY2022 len Noncashor Part Noncash Acquisition Inventory Land Under Developmentand Other Assets Financedby Sellers
NoncashorPartNoncashAcquisitionInventoryLandUnderDevelopmentandOtherAssetsFinancedbySellers
36947000 usd
CY2021 len Noncashor Part Noncash Acquisition Inventory Land Under Developmentand Other Assets Financedby Sellers
NoncashorPartNoncashAcquisitionInventoryLandUnderDevelopmentandOtherAssetsFinancedbySellers
141319000 usd
CY2023 len Noncashor Part Noncash Contribution Amount
NoncashorPartNoncashContributionAmount
367000 usd
CY2022 len Noncashor Part Noncash Contribution Amount
NoncashorPartNoncashContributionAmount
232616000 usd
CY2021 len Noncashor Part Noncash Contribution Amount
NoncashorPartNoncashContributionAmount
27880000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt;text-indent:36pt"><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 accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</span></div>
CY2023 us-gaap Advertising Expense
AdvertisingExpense
146000000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
102100000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
74200000 usd
CY2023Q4 us-gaap Escrow Deposit
EscrowDeposit
594800000 usd
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
1000000000 usd
CY2023 len Escrow Deposit Period
EscrowDepositPeriod
P2D
CY2022 len Escrow Deposit Period
EscrowDepositPeriod
P2D
CY2023Q4 len Numberof Active Communities
NumberofActiveCommunities
1255 communities
CY2022Q4 len Numberof Active Communities
NumberofActiveCommunities
1200 communities
CY2023 len Numberof Communities Assessedfor Impairment
NumberofCommunitiesAssessedforImpairment
25 community
CY2023 len Numberof Communities Impaired
NumberofCommunitiesImpaired
18 community
CY2023Q4 len Inventory Operative Builders Fair Value Measurement Adjustments Fair Value
InventoryOperativeBuildersFairValueMeasurementAdjustmentsFairValue
95731000 usd
CY2023Q4 us-gaap Inventory Adjustments
InventoryAdjustments
37500000 usd
CY2022 len Numberof Communities Assessedfor Impairment
NumberofCommunitiesAssessedforImpairment
15 community
CY2022 len Numberof Communities Impaired
NumberofCommunitiesImpaired
9 community
CY2022Q4 len Inventory Operative Builders Fair Value Measurement Adjustments Fair Value
InventoryOperativeBuildersFairValueMeasurementAdjustmentsFairValue
105042000 usd
CY2022Q4 us-gaap Inventory Adjustments
InventoryAdjustments
33563000 usd
CY2023Q4 len Land Under Purchase Options Deposit
LandUnderPurchaseOptionsDeposit
1900000000 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
36800000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
670620000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
581917000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
265831000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
226822000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
404789000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
355095000 usd
CY2023 len Heldto Maturity Securities Debt Maturities Term
HeldtoMaturitySecuritiesDebtMaturitiesTerm
P3Y
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
160720000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
326500000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
242400000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2300000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2900000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
418017000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
377021000 usd
CY2023 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
286019000 usd
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
274766000 usd
CY2023 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
566000 usd
CY2022 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
26222000 usd
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
289806000 usd
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
259992000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
414796000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
418017000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
184086000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
135090000 usd
CY2023Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
245800000 usd
CY2022Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
210100000 usd
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
CY2023Q4 len Stock Repurchase Program Number Of Additonal Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfAdditonalSharesAuthorizedToBeRepurchased
5000000000 shares
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
53400000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
37500000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
29400000 usd
CY2023Q4 us-gaap Assets
Assets
39234303000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
12532337000 usd
CY2022Q4 us-gaap Assets
Assets
37984295000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
13743928000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
121000000 usd
CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
178000000 usd
CY2023 us-gaap Revenues
Revenues
34233366000 usd
CY2022 us-gaap Revenues
Revenues
33671010000 usd
CY2021 us-gaap Revenues
Revenues
27130676000 usd
CY2023 len Write Off Of Non Public Technology
WriteOffOfNonPublicTechnology
65000000 usd
CY2023Q4 us-gaap Equity Method Investment Underlying Equity In Net Assets
EquityMethodInvestmentUnderlyingEquityInNetAssets
1436239000 usd
CY2022Q4 us-gaap Equity Method Investment Underlying Equity In Net Assets
EquityMethodInvestmentUnderlyingEquityInNetAssets
1504315000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1037229000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1282037000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
924474000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
271752000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
330681000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
245941000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1308981000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1612718000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1170415000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-53474000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-193667000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
149349000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-14494000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-52986000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
42745000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-67968000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-246653000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
192094000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1241013000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1366065000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1362509000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0409
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0452
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0403
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.0148
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.0216
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.0173
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.0049
CY2023 len Effective Income Tax Rate Reconciliation Tax Reserves And Interest Expense Percent
EffectiveIncomeTaxRateReconciliationTaxReservesAndInterestExpensePercent
0
CY2022 len Effective Income Tax Rate Reconciliation Tax Reserves And Interest Expense Percent
EffectiveIncomeTaxRateReconciliationTaxReservesAndInterestExpensePercent
-0.0083
CY2021 len Effective Income Tax Rate Reconciliation Tax Reserves And Interest Expense Percent
EffectiveIncomeTaxRateReconciliationTaxReservesAndInterestExpensePercent
0.0003
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.0001
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.0001
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0036
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0031
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0029
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2396
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2284
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2352
CY2022 len Effective Income Tax Rate Reconciliation Resolution Of Uncertain Tax Position Amount
EffectiveIncomeTaxRateReconciliationResolutionOfUncertainTaxPositionAmount
50200000 usd
CY2023Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
39641000 usd
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
83330000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
193156000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
199451000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
52591000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
61741000 usd
CY2023Q4 len Deferred Tax Assets Capitalized Expenses
DeferredTaxAssetsCapitalizedExpenses
208392000 usd
CY2022Q4 len Deferred Tax Assets Capitalized Expenses
DeferredTaxAssetsCapitalizedExpenses
241887000 usd
CY2023Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
65254000 usd
CY2022Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
16311000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
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