01—Abstract
Summary
Summary of the 10-K/A filed February 6, 2013. Cited figures are marked; the original filing is the authoritative source.
Lennar Corporation filed this Amendment No. 1 on Form 10-K/A for its fiscal year ended November 30, 2012.
The amendment is filed solely to include Exhibit 21, the list of the Company's subsidiaries. It states that no other changes have been made to the Form 10-K and that it speaks as of the original filing date and does not update disclosures made in that report. The cover page identifies Lennar as a large accelerated filer headquartered in Miami, Florida, with Class A and Class B common stock listed on the New York Stock Exchange.
It reports 160,676,634 Class A shares and 31,303,195 Class B shares outstanding as of December 31, 2012. The aggregate market value of stock held by non-affiliates was $4,280,079,309a as of May 31, 2012, based on 151,415,536 Class A shares and 9,695,238 Class B shares. The registrant checked "YES" for well-known seasoned issuer status and "NO" for shell company status.
The filing's exhibit index lists the subsidiary list and Rule 13a-14(a)/15d-14(a) certifications signed by Stuart A. Miller and Bruce E.
Gross. The filing states that no documents are incorporated by reference.
02—Key points
Key Highlights
- Form 10-K/A (Amendment No. 1) for the fiscal year ended November 30, 2012, filed solely to add Exhibit 21, the list of subsidiaries
- Amendment makes no other changes to the original Form 10-K and speaks as of the original filing date
- Registrant is a large accelerated filer headquartered at 700 Northwest 107th Avenue, Miami, Florida
- Class A and Class B common stock are registered on the New York Stock Exchange
- As of December 31, 2012, 160,676,634 Class A shares and 31,303,195 Class B shares were outstanding
- Non-affiliate market value was $4,280,079,309 as of May 31, 2012
- Exhibits include Rule 13a-14(a)/15d-14(a) certifications by Stuart A. Miller and Bruce E. Gross
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2012filed February 6, 2013Financial Statements
FY2012 against FY2011
| Line item | FY2012FY2011 | Change |
|---|---|---|
| Revenue | $4.11B$3.10B | +32.6% |
| Operating Expenses | $3.79B$2.99B | +26.6% |
| Operating Income | $349.45M$193.23M | +80.8% |
| Interest Expense | $181.38M$162.97M | +11.3% |
| Net Income | $679.12M$92.20M | +636.6% |
| EPS (Basic) | $3.58$0.49 | +630.6% |
| EPS (Diluted) | $3.11$0.48 | +547.9% |
| Shares Outstanding (Diluted) | 218.69M195.19M | +12.0% |
05—Questions
Frequently Asked Questions
Why was this amended filing made?
The filing states that Amendment No. 1 was made solely to include Exhibit 21, the list of the Company's subsidiaries, which the original Form 10-K referenced.
Does this amendment change Lennar's financial disclosures?
No. The filing states that, except for the addition of Exhibit 21, the amendment does not modify or update any disclosures made in the original Form 10-K.
Where are Lennar's shares traded and how many were outstanding?
Both Class A and Class B common stock are registered on the New York Stock Exchange. As of December 31, 2012, there were 160,676,634 Class A shares and 31,303,195 Class B shares outstanding.
What was the market value of shares held by non-affiliates?
The aggregate market value of Class A and Class B common stock held by non-affiliates was $4,280,079,309 as of May 31, 2012, based on the New York Stock Exchange closing sale price on that date.
06—Continue