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LENNAR CORP /NEW/

SIC 1520 · Gen Building Contractors - Residential Buildings
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$LEN

LENNAR CORP /NEW/

CIK:0000920760|SEC Filings
v3.26.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Aug. 31, 2026
Aug. 31, 2025
Aug. 31, 2026
Aug. 31, 2025
Revenues [Abstract]        
Revenues $ 8,046,119 $ 8,810,278 $ 22,605,467 $ 24,819,325
Cost and expenses:        
Corporate general and administrative 137,883 171,397 431,670 474,628
Charitable foundation contribution 20,840 21,584 58,222 59,549
Total costs and expenses 7,586,305 8,110,664 21,531,156 22,795,426
Equity in earnings from unconsolidated entities 3,165 10,822 100,520 56,172
Other income (expense), net and other gains (losses), net (22,565) (18,956) (10,363) 43,471
Lennar Other gains (losses) from technology investments (53,335) 99,223 (61,749) 7,280
Earnings before income taxes 387,079 790,703 1,102,719 2,130,822
Provision for income taxes (101,592) (190,892) (275,742) (520,478)
Net earnings (including net earnings attributable to noncontrolling interests) 285,487 599,811 826,977 1,610,344
Less: Net earnings attributable to noncontrolling interests 1,611 8,844 8,946 22,402
Net earnings attributable to Lennar 283,876 590,967 818,031 1,587,942
Other comprehensive income (loss), net of tax:        
Net unrealized gains (losses) on securities available-for-sale 79 0 (256) (1,510)
Total other comprehensive income (loss), net of tax 79 0 (256) (1,510)
Total comprehensive income attributable to Lennar $ 283,955 $ 590,967 $ 817,775 $ 1,586,432
Basic earnings per share (in dollars per share) $ 1.19 $ 2.29 $ 3.36 $ 6.06
Diluted earnings per share (in dollars per share) $ 1.19 $ 2.29 $ 3.36 $ 6.06
Homebuilding        
Revenues [Abstract]        
Revenues $ 7,759,497 $ 8,253,675 $ 21,674,374 $ 23,381,407
Cost and expenses:        
Cost and expenses 7,242,516 7,497,119 20,345,494 21,184,631
Total costs and expenses 7,242,516 7,497,119 20,345,494 21,184,631
Equity in earnings from unconsolidated entities 4,808 10,190 45,659 62,910
Other income (expense), net and other gains (losses), net (19,827) (6,961) (10,178) 37,606
Lennar Financial Services        
Revenues [Abstract]        
Revenues 226,121 314,195 678,615 889,370
Cost and expenses:        
Cost and expenses 95,805 136,323 355,883 410,735
Total costs and expenses 95,805 136,323 355,883 410,735
Multifamily        
Revenues [Abstract]        
Revenues 38,475 228,465 184,538 521,966
Cost and expenses:        
Cost and expenses 40,868 238,791 204,084 566,844
Total costs and expenses 40,868 238,791 204,084 566,844
Equity in earnings from unconsolidated entities (1,342) (6,790) 51,372 (11,332)
Other income (expense), net and other gains (losses), net 866 645 1,489 24,962
Lennar Other        
Revenues [Abstract]        
Revenues 22,026 13,943 67,940 26,582
Cost and expenses:        
Cost and expenses 48,393 45,450 135,803 99,039
Total costs and expenses 48,393 45,450 135,803 99,039
Equity in earnings from unconsolidated entities (301) 7,422 3,489 4,594
Other income (expense), net and other gains (losses), net (3,604) (12,640) (1,674) (19,097)
Lennar Other gains (losses) from technology investments $ (53,335) $ 99,223 $ (61,749) $ 7,280