ACCT608 Case 4-1 ACCT608 Case 4-1 | Page 4

Rialto Investments other income, net 17,251 ______— ______— Earnings (loss) before income taxes 94,725 (760,404) (565,625) Benefit (provision) for income taxes (5) 25,734 314,345 (547,557) Net earnings (loss) (including net 120,459 (446,059) earnings (loss) attributable to noncontrolling interests) (1,113,18 2 *“We are one of the nation's largest homebuilders, a provider of financial services and through our Rialto Investments (“Rialto”) segment, an investor in distressed real estate assets.” 10-K Source: Lennar Corporation and Subsidiaries Consolidated 2010 10-k