LENLennar Corporation

$25B

Q4 2018 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$6.5B+70.8% YoY

Gross Profit

$1.4B21.0% margin

Operating Income

$789M12.2% margin

Net Income

$796M12.3% margin

EPS (Diluted)

$2.42

QoQ Revenue Growth

+13.8%

Cash Flow

Operating Cash Flow

$963M

Free Cash Flow

$914M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$28.6B

Total Liabilities

$13.9B

Stockholders' Equity

$14.6B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.5B	$3.8B	+70.8%
Gross Profit	$1.4B	$806M	+68.3%
Operating Income	$789M	$441M	+78.9%
Net Income	$796M	$310M	+157.2%

Revenue Segments

Lennar Financial Services

$228M66%

Lennar Multifamily

$118M34%

LEN Q4 2018 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena