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Lennar LEN Deferred Tax Assets

Discontinued — last reported Q3 '19

Deferred Tax Assets at other companies

Hovnanian Enterprises, Inc. logo
Hovnanian Enterprises, Inc.HOV
-$617K-100%
M/I Homes logo
M/I HomesMHO
$4.51M-66.5%
Pultegroup logo
PultegroupPHM
$408.6M-0.1%
Meritage Homes logo
Meritage HomesMTH
$51.21M-5.4%
D.R. Horton logo
D.R. HortonDHI
$0-100%
NVR logo
NVRNVR

Segments

By segment

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Multifamily$71.39M-0.9%
Financial Services$32.09M-21.2%
Lennar Other-$16.92M-227%

Other financials

Income statement

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Revenue$7.9B-5.2%
Net income$304.8M-36.2%
EPS (diluted)$2.57+24.8%

Balance sheet

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Cash & equivalents$2.2B+47.0%
Total debt$233.8M-12.2%
Total equity$21.6B-4.2%
Total assets$33.7B-2.0%

Cash flow

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Operating cash flow-$284.4M+74.0%
CapEx$18.9M+23.9%
Free cash flow-$303.2M+72.7%

Valuation

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Market cap$21.8B-26.6%
Enterprise value$19.86B-31.2%
P/E13.5×+3.4×
P/S0.7×-0.2×

Profitability

See full
Net margin5.4%-5.0pp
FCF margin-0.3%-4.7pp

Returns & leverage

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Return on equity8%-7.1pp
Debt / equity0.0×

Where this comes from

Reported directly by Lennar in its filing.

Tagged under the XBRL concept us-gaap:DeferredTaxAssetsLiabilitiesNet.

The official record: Lennar’s 10-Q, filed October 8, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does deferred tax assets mean?
Future tax benefits from temporary differences, net operating loss carryforwards, and tax credit carryforwards that will reduce future tax payments.