3 unchanged sentences
As of December 31, 2021, there were approximately 1,629 and 844 holders of record of our Class A and Class B common stock, respectively.
−Removed: 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.
+Added: On January 12, 2022, o ur Board of Directors increased the annual dividend rate to $1.50 per share, resulting in a quarterly cash dividend of $0.375 per share on both our Class A and Class B common stock.
+Added: The dividend is payable on February 10, 2022 to holders of record at the close of business on January 27, 2022.
The following table provides information about our repurchases of common stock during the three months ended November 30, 2021:
4 unchanged sentences
(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.
−Removed: (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.
−Removed: This repurchase authorization has no expiration.
−Removed: 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.
−Removed: This repurchase authorization has no expiration.
+Added: (2) In January 2021, our Board of Directors authorized a stock repurchase program, which replaced a January 2019 stock repurchase program, under which we were authorized to purchase up to the lesser of $1.0 billion in value, excluding commission, or 25 million in shares, of our outstanding Class A or Class B common stock.
+Added: The repurchase authority had no expiration date.
+Added: In October 2021, the Board of Directors authorized an increase to the stock repurchase program to enable us to repurchase up to the lesser of an additional $1.0 billion in value, excluding commission, or 25 million shares, of our outstanding Class A or Class B common stock.
+Added: The repurchase authority has no expiration date.
+Added: Shortly after the new authorization, the January 2021 stock repurchase program was completed as we had purchased the $1.0 billion in value authorized under that stock repurchase program.
The information required by Item 201(d) of Regulation S-K relating to equity compensation plans is provided in Item 12 of this Report.
12 unchanged sentences
Total Market Index $ 100 102 107 124 147 186
−Removed: Selected Financial Data.
−Removed: The following table sets forth our selected consolidated financial and operating information as of or for each of the years ended November 30, 2016 through 2020.
−Removed: The information presented below is based upon our historical financial statements.
−Removed: As of or for the Years Ended November 30,
−Removed: (Dollars in thousands, except per share amounts) 2020 2019 2018 2017 2016
−Removed: Results of Operations:
−Removed: Homebuilding $ 20,981,136 20,793,216 19,077,597 11,188,876 9,741,337
−Removed: Financial Services $ 890,311 824,810 954,631 891,957 809,694
−Removed: Multifamily $ 576,328 604,700 421,132 394,771 287,441
−Removed: Lennar Other $ 41,079 36,835 118,271 170,761 111,527
−Removed: Total revenues $ 22,488,854 22,259,561 20,571,631 12,646,365 10,949,999
−Removed: Operating earnings (loss):
−Removed: Homebuilding $ 2,988,907 2,502,905 2,254,487 1,264,394 1,344,740
−Removed: Financial Services $ 480,952 224,642 199,716 195,307 207,439
−Removed: Multifamily $ 22,681 16,390 42,695 73,432 71,174
−Removed: Lennar Other $ (10,334) 31,469 (33,707) (57,633) (60,322)
−Removed: Gain on sale of Rialto investment and asset management
−Removed: $ — — 296,407 — —
−Removed: Acquisition and integration costs related to CalAtlantic $ — — 152,980 — —
−Removed: Corporate general and administrative expenses $ 358,418 341,114 343,934 285,889 232,562
−Removed: Earnings before income taxes $ 3,123,788 2,434,292 2,262,684 1,189,611 1,330,469
−Removed: Net earnings attributable to Lennar $ 2,465,036 1,849,052 1,695,831 810,480 911,844
−Removed: Diluted earnings per share $ 7.85 5.74 5.44 3.38 3.86
−Removed: Cash dividends declared per each - Class A and
−Removed: Class B common stock
−Removed: $ 0.625 0.16 0.16 0.16 0.16
−Removed: Financial Position:
−Removed: Total assets $ 29,935,177 29,359,511 28,566,181 18,745,034 15,361,781
−Removed: Homebuilding $ 5,955,758 7,776,638 8,543,868 6,410,003 4,575,977
−Removed: Financial Services $ 1,463,919 1,745,755 1,558,702 1,191,344 1,300,704
−Removed: Lennar Other $ 1,906 15,178 14,488 371,168 398,859
−Removed: Multifamily $ — 36,125 — — —
−Removed: Stockholders’ equity $ 17,994,856 15,949,517 14,581,535 7,872,317 7,026,042
−Removed: Total equity $ 18,099,401 16,033,830 14,682,957 7,986,132 7,211,567
−Removed: Shares outstanding (000s) 312,699 315,893 324,238 239,964 239,133
−Removed: Stockholders’ equity per share $ 57.55 50.49 44.97 32.81 29.38
−Removed: Homebuilding Data (including unconsolidated entities):
−Removed: Number of homes delivered 52,925 51,491 45,627 29,394 26,563
−Removed: New orders 56,169 51,439 45,826 30,348 27,372
−Removed: Backlog of home sales contracts 18,821 15,577 15,616 8,935 7,623
−Removed: Backlog dollar value $ 7,812,971 6,300,542 6,570,123 3,550,366 2,891,538
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.