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Lennar LEN Consolidation Eliminations — Proceeds From Collection Of Loans Receivable

Discontinued — last reported Q4 '16

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Other financials

Income statement

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Revenue$6.6B-13.3%
Net income$229.4M-55.8%
EPS (diluted)$2.57+24.8%

Balance sheet

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Cash & equivalents$2.4B-7.5%
Total debt$249.9M-2.4%
Total equity$21.9B-3.7%
Total assets$33.2B-5.1%

Cash flow

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Operating cash flow-$433.5M-50.0%
CapEx$30.0M-46.5%
Free cash flow-$463.5M-34.3%

Valuation

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Market cap$22.1B-10.7%
Enterprise value$19.96B-10.9%
P/E12.4×+5.7×
P/S0.7×0.0×

Profitability

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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:ProceedsFromCollectionOfLoansReceivable.

The official record: Lennar’s 10-K, filed January 25, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — proceeds from collection of loans receivable mean?
The adjustment to remove internal loan collections between business units.
How do you interpret consolidation eliminations — proceeds from collection of loans receivable?
Changes indicate shifts in the internal lending and repayment cycles between the homebuilding and financial services segments.
How does consolidation eliminations — proceeds from collection of loans receivable compare across companies?
Standard for companies with internal mortgage or lending arms; similar to other large homebuilders.