3 unchanged sentences
As of December 31, 2020, there were approximately 1,736 and 876 holders of record of our Class A and Class B common stock, respectively.
−Removed: On January 9, 2020 , our Board of Directors increased our annual dividend by 213% to $0.50 per share from $0.16 per share, resulting in a quarterly cash dividend of $0.125 per share for both Class A and Class B common stock, which is payable on February 7, 2020 , to holders of record at the close of business on January 24, 2020 .
+Added: On January 14, 2021, o ur Board of Directors declared a quarterly cash dividend of $0.25 per share on both our Class A and Class B common stock, payable on February 12, 2021 to holders of record at the close of business on January 29, 2021.
The following table provides information about our repurchases of common stock during the three months ended November 30, 2020:
−Removed: Total Number of Shares Purchased (1)
−Removed: Average Price Paid Per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
−Removed: Maximum Number of Shares that may yet be Purchased under the Plans or Programs (2)
+Added: Total Number of Shares Purchased (1) Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) Maximum Number of Shares that may yet be Purchased under the Plans or Programs (2)
September 1 to September 30, 2020 — $ — — 10,860,271
1 unchanged sentence
November 1 to November 30, 2020 12,407 $ 77.92 — 10,860,271
−Removed: Includes shares of Class A and Class B common stock withheld by us to cover withholding taxes due, at the election of certain holders of nonvested shares, with market value approximating the amount of withholding taxes due.
−Removed: In January 2019, our Board of Directors authorized a stock repurchase program, which replaced the June 2001 stock repurchase program, under which we are authorized to purchase up to the lesser of $1.0 billion in value, or 25 million in shares, of our outstanding Class A or Class B common stock.
+Added: (1) Includes shares of Class A and Class B common stock withheld by us to cover withholding taxes due with market value approximating the amount of withholding taxes due.
+Added: (2) In January 2019, our Board of Directors authorized a stock repurchase program, under which we are authorized to purchase up to the lesser of $1.0 billion in value, or 25 million in shares, of our outstanding Class A or Class B common stock.
This repurchase authorization has no expiration.
−Removed: Based on repurchases of $492.9 million to date under the repurchase authorization, we have a remaining authorization to purchase $507.1 million or the equivalent of approximately 9.1 million shares based on the December 31, 2019 Class A common stock price of $55.79.
+Added: Subsequent to November 30, 2020, our Board of Directors authorized a stock repurchase program, which replaced the January 2019 stock repurchase program, under which we are authorized to purchase up to the lesser of $1 billion in value, or 25 million in shares of our outstanding Class A or Class B common stock.
+Added: This repurchase authorization has no expiration.
The information required by Item 201(d) of Regulation S-K relating to equity compensation plans is provided in Item 12 of this Report.
6 unchanged sentences
Total Market Index, and the reinvestment of all dividends.
+Added: 2015 2016 2017 2018 2019 2020
Lennar Corporation $ 100 83 123 86 120 153
9 unchanged sentences
Results of Operations:
+Added: Homebuilding $ 20,981,136 20,793,216 19,077,597 11,188,876 9,741,337
Financial Services $ 890,311 824,810 954,631 891,957 809,694
+Added: Multifamily $ 576,328 604,700 421,132 394,771 287,441
+Added: Lennar Other $ 41,079 36,835 118,271 170,761 111,527
Total revenues $ 22,488,854 22,259,561 20,571,631 12,646,365 10,949,999
Operating earnings (loss):
+Added: Homebuilding $ 2,988,907 2,502,905 2,254,487 1,264,394 1,344,740
Financial Services $ 480,952 224,642 199,716 195,307 207,439
+Added: Multifamily $ 22,681 16,390 42,695 73,432 71,174
+Added: Lennar Other $ (10,334) 31,469 (33,707) (57,633) (60,322)
Gain on sale of Rialto investment and asset management
+Added: $ — — 296,407 — —
Acquisition and integration costs related to CalAtlantic $ — — 152,980 — —
5 unchanged sentences
Class B common stock
+Added: $ 0.625 0.16 0.16 0.16 0.16
Financial Position:
+Added: Total assets $ 29,935,177 29,359,511 28,566,181 18,745,034 15,361,781
+Added: Homebuilding $ 5,955,758 7,776,638 8,543,868 6,410,003 4,575,977
Financial Services $ 1,463,919 1,745,755 1,558,702 1,191,344 1,300,704
+Added: Lennar Other $ 1,906 15,178 14,488 371,168 398,859
+Added: Multifamily $ — 36,125 — — —
Stockholders’ equity $ 17,994,856 15,949,517 14,581,535 7,872,317 7,026,042
+Added: Total equity $ 18,099,401 16,033,830 14,682,957 7,986,132 7,211,567
Shares outstanding (000s) 312,699 315,893 324,238 239,964 239,133
2 unchanged sentences
Number of homes delivered 52,925 51,491 45,627 29,394 26,563
+Added: New orders 56,169 51,439 45,826 30,348 27,372
Backlog of home sales contracts 18,821 15,577 15,616 8,935 7,623
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.