LEN Q2 2020 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$25B

Q2 2020 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$5.3B-5.2% YoY

Gross Profit

$1.1B21.8% margin

Operating Income

$655M12.5% margin

Net Income

$517M9.8% margin

EPS (Diluted)

$1.65

QoQ Revenue Growth

+16.7%

Cash Flow

Operating Cash Flow

$928M

Free Cash Flow

$920M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$29.3B

Total Liabilities

$12.7B

Stockholders' Equity

$16.5B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.3B	$5.6B	-5.2%
Gross Profit	$1.1B	$1.1B	+4.3%
Operating Income	$655M	$636M	+3.0%
Net Income	$517M	$421M	+22.8%

Revenue Segments

Lennar Financial Services

$196M61%

Lennar Multifamily

$123M39%