Item 6. Selected Financial Data.

6K characters. Original on sec.gov · Markdown

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, 2016 through 2020. 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)	2020		2019	2018	2017	2016
Results of Operations:
Revenues:
Homebuilding	$	20,981,136	20,793,216	19,077,597	11,188,876	9,741,337
Financial Services	$	890,311	824,810	954,631	891,957	809,694
Multifamily	$	576,328	604,700	421,132	394,771	287,441
Lennar Other	$	41,079	36,835	118,271	170,761	111,527
Total revenues	$	22,488,854	22,259,561	20,571,631	12,646,365	10,949,999
Operating earnings (loss):
Homebuilding	$	2,988,907	2,502,905	2,254,487	1,264,394	1,344,740
Financial Services	$	480,952	224,642	199,716	195,307	207,439
Multifamily	$	22,681	16,390	42,695	73,432	71,174
Lennar Other	$	(10,334)	31,469	(33,707)	(57,633)	(60,322)
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	$	358,418	341,114	343,934	285,889	232,562
Earnings before income taxes	$	3,123,788	2,434,292	2,262,684	1,189,611	1,330,469
Net earnings attributable to Lennar	$	2,465,036	1,849,052	1,695,831	810,480	911,844
Diluted earnings per share	$	7.85	5.74	5.44	3.38	3.86
Cash dividends declared per each - Class A and Class B common stock	$	0.625	0.16	0.16	0.16	0.16
Financial Position:
Total assets	$	29,935,177	29,359,511	28,566,181	18,745,034	15,361,781
Debt:
Homebuilding	$	5,955,758	7,776,638	8,543,868	6,410,003	4,575,977
Financial Services	$	1,463,919	1,745,755	1,558,702	1,191,344	1,300,704
Lennar Other	$	1,906	15,178	14,488	371,168	398,859
Multifamily	$	—	36,125	—	—	—
Stockholders’ equity	$	17,994,856	15,949,517	14,581,535	7,872,317	7,026,042
Total equity	$	18,099,401	16,033,830	14,682,957	7,986,132	7,211,567
Shares outstanding (000s)	312,699		315,893	324,238	239,964	239,133
Stockholders’ equity per share	$	57.55	50.49	44.97	32.81	29.38
Homebuilding Data (including unconsolidated entities):
Number of homes delivered	52,925		51,491	45,627	29,394	26,563
New orders	56,169		51,439	45,826	30,348	27,372
Backlog of home sales contracts	18,821		15,577	15,616	8,935	7,623
Backlog dollar value	$	7,812,971	6,300,542	6,570,123	3,550,366	2,891,538

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.