filings.toolsItem 6. Selected Financial Data.
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Item 6. Selected Financial Data.
The following table sets forth our selected consolidated financial and operating information as of or for each of the years ended November 30, 2015 through 2019. The information presented below is based upon our historical financial statements.
| As of or for the Years Ended November 30, | |||||||||||||||
| (Dollars in thousands, except per share amounts) | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||||
| Results of Operations: | |||||||||||||||
| Revenues: | |||||||||||||||
| Homebuilding | $ | 20,793,216 | 19,077,597 | 11,188,876 | 9,741,337 | 8,466,945 | |||||||||
| Financial Services | $ | 824,810 | 954,631 | 891,957 | 809,694 | 734,491 | |||||||||
| Multifamily | $ | 604,700 | 421,132 | 394,771 | 287,441 | 164,613 | |||||||||
| Lennar Other | $ | 36,835 | 118,271 | 170,761 | 111,527 | 107,959 | |||||||||
| Total revenues | $ | 22,259,561 | 20,571,631 | 12,646,365 | 10,949,999 | 9,474,008 | |||||||||
| Operating earnings (loss): | |||||||||||||||
| Homebuilding | $ | 2,502,905 | 2,254,487 | 1,264,394 | 1,344,740 | 1,271,270 | |||||||||
| Financial Services | $ | 224,642 | 199,716 | 195,307 | 207,439 | 197,477 | |||||||||
| Multifamily | $ | 16,390 | 42,695 | 73,432 | 71,174 | (7,171 | ) | ||||||||
| Lennar Other | $ | 31,469 | (33,707 | ) | (57,633 | ) | (60,322 | ) | (35,716 | ) | |||||
| Gain on sale of Rialto investment and asset management platform | $ | — | 296,407 | — | — | — | |||||||||
| Acquisition and integration costs related to CalAtlantic | $ | — | 152,980 | — | — | — | |||||||||
| Corporate general and administrative expenses | $ | 341,114 | 343,934 | 285,889 | 232,562 | 216,244 | |||||||||
| Earnings before income taxes | $ | 2,434,292 | 2,262,684 | 1,189,611 | 1,330,469 | 1,209,616 | |||||||||
| Net earnings attributable to Lennar | $ | 1,849,052 | 1,695,831 | 810,480 | 911,844 | 802,894 | |||||||||
| Diluted earnings per share | $ | 5.74 | 5.44 | 3.38 | 3.86 | 3.39 | |||||||||
| Cash dividends declared per each - Class A and Class B common stock | $ | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | |||||||||
| Financial Position: | |||||||||||||||
| Total assets | $ | 29,359,511 | 28,566,181 | 18,745,034 | 15,361,781 | 14,419,509 | |||||||||
| Debt: | |||||||||||||||
| Homebuilding | $ | 7,776,638 | 8,543,868 | 6,410,003 | 4,575,977 | 5,025,130 | |||||||||
| Financial Services | $ | 1,745,755 | 1,558,702 | 1,191,344 | 1,300,704 | 1,211,704 | |||||||||
| Lennar Other | $ | 15,178 | 14,488 | 371,168 | 398,859 | 418,324 | |||||||||
| Multifamily | $ | 36,125 | — | — | — | — | |||||||||
| Stockholders’ equity | $ | 15,949,517 | 14,581,535 | 7,872,317 | 7,026,042 | 5,648,944 | |||||||||
| Total equity | $ | 16,033,830 | 14,682,957 | 7,986,132 | 7,211,567 | 5,950,072 | |||||||||
| Shares outstanding (000s) | 315,893 | 324,238 | 239,964 | 239,133 | 215,804 | ||||||||||
| Stockholders’ equity per share | $ | 50.49 | 44.97 | 32.81 | 29.38 | 26.18 | |||||||||
| Homebuilding Data (including unconsolidated entities): | |||||||||||||||
| Number of homes delivered | 51,491 | 45,627 | 29,394 | 26,563 | 24,292 | ||||||||||
| New orders | 51,439 | 45,826 | 30,348 | 27,372 | 25,106 | ||||||||||
| Backlog of home sales contracts | 15,577 | 15,616 | 8,935 | 7,623 | 6,646 | ||||||||||
| Backlog dollar value | $ | 6,300,542 | 6,570,123 | 3,550,366 | 2,891,538 | 2,477,751 |
Previous: Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. · Next: Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
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