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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lennar's retained earnings for the quarter that ended in Feb. 2024 was $22,949 Mil.
Lennar's quarterly retained earnings increased from Aug. 2023 ($21,113 Mil) to Nov. 2023 ($22,369 Mil) and increased from Nov. 2023 ($22,369 Mil) to Feb. 2024 ($22,949 Mil).
Lennar's annual retained earnings increased from Nov. 2021 ($14,685 Mil) to Nov. 2022 ($18,861 Mil) and increased from Nov. 2022 ($18,861 Mil) to Nov. 2023 ($22,369 Mil).
The historical data trend for Lennar's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Lennar Annual Data | |||||||||||||||||||||
Trend | Nov14 | Nov15 | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 8,295.00 | 10,564.99 | 14,685.33 | 18,861.42 | 22,369.37 |
Lennar Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Retained Earnings | Get a 7-Day Free Trial | 19,350.06 | 20,111.37 | 21,113.28 | 22,369.37 | 22,949.32 |
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Lennar (NYSE:LEN) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Amy Banse | director | 345 PARK AVENUE, SAN JOSE CA 95110 |
Dacona Smith | director | 5505 BLUE LAGOON DRIVE, MIAMI FL 33126 |
Serena Wolfe | director | ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036 |
Jeffrey Joseph Mccall | officer: Senior Vice President | 26 TECHNOLOGY DRIVE, IRVINE CA 92618 |
Diane J Bessette | officer: Vice President and Controller | LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172 |
David M Collins | officer: Controller | LENNAR CORPORATION, 700 NW 107 AVENUE STE 400, MIAMI FL 33172 |
Mark Sustana | officer: General Counsel and Secretary | LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172 |
Jonathan M Jaffe | director, officer: Vice President | LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172 |
Scott D Stowell | director | |
Irving Bolotin | director | LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172 |
Armando J Olivera | director | C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039 |
Steven L Gerard | director | P.O. BOX 554, MILWAUKEE WI 53201-0554 |
Sherrill W Hudson | director | 201 SOUTH BISCAYNE BOULEVARD, 34TH FLOOR, MIAMI CENTER, MIAMI FL 33131 |
Jeffrey Sonnenfeld | director | 14 WALL ST 13TH FL, NEW YORK NY 10005 |
Theron I Gilliam | director | GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084 |
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