Item 16. Form 10-K Summary
7K characters. Original on sec.gov ·
Item 16. Form 10-K Summary
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
| LENNAR CORPORATION | ||||||||
| /S/ RICK BECKWITT | ||||||||
| Rick Beckwitt | ||||||||
| Co-Chief Executive Officer, Co-President and Director | ||||||||
| Date: | January 26, 2023 |
| LENNAR CORPORATION | ||||||||
| /S/ JONATHAN M. JAFFE | ||||||||
| Jonathan M. Jaffe | ||||||||
| Co-Chief Executive Officer, Co-President and Director | ||||||||
| Date: | January 26, 2023 |
Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated:
| Principal Executive Officer: | ||||||||
| Rick Beckwitt | /S/ RICK BECKWITT | |||||||
| Co-Chief Executive Officer, Co-President and Director | Date: | January 26, 2023 | ||||||
| Jonathan M. Jaffe | /S/ JONATHAN M. JAFFE | |||||||
| Co-Chief Executive Officer, Co-President and Director | Date: | January 26, 2023 | ||||||
| Principal Financial Officer: | ||||||||
| Diane Bessette | /S/ DIANE BESSETTE | |||||||
| Vice President, Chief Financial Officer and Treasurer | Date: | January 26, 2023 | ||||||
| Principal Accounting Officer: | ||||||||
| David Collins | /S/ DAVID COLLINS | |||||||
| Vice President and Controller | Date: | January 26, 2023 | ||||||
| Directors: | ||||||||
| Amy Banse | /S/ AMY BANSE | |||||||
| Date: | January 26, 2023 | |||||||
| Theron I. ("Tig") Gilliam, Jr. | /S/ THERON I. ("TIG") GILLIAM, JR. | |||||||
| Date: | January 26, 2023 | |||||||
| Sherrill W. Hudson | /S/ SHERRILL W. HUDSON | |||||||
| Date: | January 26, 2023 | |||||||
| Sidney Lapidus | /S/ SIDNEY LAPIDUS | |||||||
| Date: | January 26, 2023 | |||||||
| Teri McClure | /S/ TERI MCCLURE | |||||||
| Date: | January 26, 2023 | |||||||
| Stuart Miller | /S/ STUART MILLER | |||||||
| Date: | January 26, 2023 | |||||||
| Armando Olivera | /S/ ARMANDO OLIVERA | |||||||
| Date: | January 26, 2023 | |||||||
| Jeffrey Sonnenfeld | /S/ JEFFREY SONNENFELD | |||||||
| Date: | January 26, 2023 |
LENNAR CORPORATION AND SUBSIDIARIES
Schedule II—Valuation and Qualifying Accounts
Years Ended November 30, 2022, 2021 and 2020
| Additions | |||||||||||||||||||||||||||||
| (In thousands) | Beginning balance | Charged to costs and expenses | Charged (credited) to other accounts | Deductions | Ending balance | ||||||||||||||||||||||||
| Year ended November 30, 2022 | |||||||||||||||||||||||||||||
| Allowances deducted from assets to which they apply: | |||||||||||||||||||||||||||||
| Allowance for credit losses against notes and other receivables | $ | 2,531 | 145 | (497) | — | 2,179 | |||||||||||||||||||||||
| Allowance for loan losses against loans receivable | $ | 2,091 | 9,127 | — | (88) | 11,130 | |||||||||||||||||||||||
| Allowance against net deferred tax assets | $ | 2,693 | 784 | — | (574) | 2,903 | |||||||||||||||||||||||
| Year ended November 30, 2021 | |||||||||||||||||||||||||||||
| Allowances deducted from assets to which they apply: | |||||||||||||||||||||||||||||
| Allowance for credit losses against notes and other receivables | $ | 2,394 | 79 | 59 | (1) | 2,531 | |||||||||||||||||||||||
| Allowance for loan losses against loans receivable | $ | 4,012 | — | (31) | (1,890) | 2,091 | |||||||||||||||||||||||
| Allowance against net deferred tax assets | $ | 4,411 | — | (1,556) | (162) | 2,693 | |||||||||||||||||||||||
| Year ended November 30, 2020 | |||||||||||||||||||||||||||||
| Allowances deducted from assets to which they apply: | |||||||||||||||||||||||||||||
| Allowance for credit losses against notes and other receivables | $ | 3,379 | 661 | (568) | (1,078) | 2,394 | |||||||||||||||||||||||
| Allowance for loan losses against loans receivable | $ | 4,122 | 795 | 17 | (922) | 4,012 | |||||||||||||||||||||||
| Allowance against net deferred tax assets | $ | 4,341 | 70 | — | — | 4,411 |
Previous: Item 15. Exhibit and Financial Statement Schedules.
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