Company: LEN
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001628280-25-002404
Chunk: 9

Company: LENNAR CORP /NEW/
Filing Date: 2025-01-23
Form: 10-K
Item: Item 8
Chunk 9
---
 2022

202420232022(Dollars in thousands, except per share amounts)Class A common stock:Beginning balance$25,848 25,608 30,050 Employee stock and director plans150 240 225 Retirement of treasury stock— — (4,667)Balance at November 30,25,998 25,848 25,608 Class B common stock:Beginning balance3,660 3,660 3,944 Retirement of treasury stock— — (284)Balance at November 30,3,660 3,660 3,660 Additional paid-in capital:Beginning balance5,570,009 5,417,796 8,807,891 Employee stock and director plans1,353 1,089 904 Retirement of treasury stock— — (3,533,425)Amortization of restricted stock176,676 160,720 184,086 Premium paid for purchase of noncontrolling interests— — (37,342)Equity adjustment related to noncontrolling interests(18,604)(9,596)(4,318)Balance at November 30,5,729,434 5,570,009 5,417,796 Retained earnings:Beginning balance22,369,368 18,861,417 14,685,329 Net earnings attributable to Lennar3,932,533 3,938,511 4,614,125 Cash dividends - Class A common stock ($2.00 per share for 2024, $1.50 per share for 2023 and $1.50 per share for 2022)(482,950)(378,080)(383,047)Cash dividends - Class B common stock ($2.00 per share for 2024, $1.50 per share for 2023 and $1.50 per share for 2022)(65,873)(52,480)(54,990)Balance at November 30,25,753,078 22,369,368 18,861,417 Treasury stock, at cost:Beginning balance(1,393,100)(210,389)(2,709,448)Employee stock and directors plans(86,627)(72,562)(71,695)Purchases of treasury stock(2,169,837)(1,110,149)(967,622)