Financial Statements

Lennar Corporation (LEN)


-1.11 (-1.02%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands , Years are calendar years not fiscal years

Retained Earning Schedule

Year 2022 2021 2020 2019 2018
Retained Earnings (Previous Year) 14,68510,5658,2956,488-
Net Income 4,6144,4302,4651,8491,696
Stock Dividends 0--104,841
Dividend Paid -438-310-195-51-49
Retained Earnings 18,86114,68510,5658,2956,488

PPE Schedule

Year 2022 2021 2020 2019 2018
Gross PPE 340412280320-
Annual Depreciation -283-620546450
Capital Expenditure -57-65-73-86-130
Net PPE -340412280320

Intangible and Goodwill Schedule

Year 2022 2021 2020 2019 2018
Intangible and Goodwill (Previous Year) -3,6803,6583,6323,632
New Purchases -78-36-46-128-541
Intangible and Goodwill 3,6803,6583,6323,6323,442

Lennar Corporation income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Lennar Corporation FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.