Financial Statements

Lennar Corporation (LEN-B)

$60.5763

+0.58 (+0.96%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 10,5658,2956,4884,841-
Net Income 4,4302,4651,8491,696810
Stock Dividends --10-4,068
Dividend Paid -310-195-51-49-38
Retained Earnings 14,68510,5658,2956,4884,841

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 412280320215-
Annual Depreciation -620546235327
Capital Expenditure -65-73-86-130-112
Net PPE 340412280320215

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -1963,6803,6583,632
New Purchases -161-78-36-46-128
Intangible and Goodwill 1963,6803,6583,6323,632

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.