$LEN Cashflow Statement | Understand Stock

$LEN

$83.40 -$0.58 (0.69%) Live

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of USD, except per-share amounts

	FY2025 12 months to Nov 30, 2025	FY2024 12 months to Nov 30, 2024	FY2023 12 months to Nov 30, 2023	FY2022 12 months to Nov 30, 2022	FY2021 12 months to Nov 30, 2021
Cash flows from operating activities:
Net earnings (including net earnings attributable to noncontrolling interests)
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization
Amortization of discount/premium on debt, net
Equity in (earnings) losses from unconsolidated entities
Distributions of earnings from unconsolidated entities
Share-based compensation expense
Deferred income tax expense (benefit)
Loans held-for-sale unrealized (gains) losses
Unrealized Gain (Loss) on Investments
Lennar Other
Homebuilding
Financial Services
Multifamily
Total unrealized Gain (Loss) on Investments
Gain on sale of interest in unconsolidated entity and other Multifamily gain
Lennar Other (gains) losses from technology investments and other (gains) losses, net
Gains on sale of operating properties and equipment and other assets and loans receivables
Gain on deconsolidation of an entity
Gain on redemption/repurchases of senior notes and other debts payable
Valuation adjustments and write-offs of option deposits and pre-acquisition costs on real estate, and other assets

Changes in assets and liabilities:
Decrease (increase) in receivables
(Increase) decrease in inventories, excluding valuation adjustments
Increase in deposits and pre-acquisition costs on real estate
Increase in other assets
Decrease (increase) in loans held-for-sale
(Decrease) increase in accounts payable and other liabilities
Net cash provided by operating activities
Cash flows from investing activities:
Net additions to operating properties and equipment
Proceeds from sale of other assets
Proceeds from Divestiture of Interest in Joint Venture
Proceeds from sale of business
Proceeds from sale of investments
Investments in and contributions to unconsolidated entities
Distributions of capital from unconsolidated and consolidated entities
Proceeds from sale of commercial mortgage-backed securities bonds
Receipts of principal payments on loans receivable and other
Proceeds from sale of loan receivables
Acquisitions, net of cash and restricted cash acquired
Decrease (increase) in Financial Services loans held-for-investment
Purchases of investment securities
Proceeds from maturities/sales of investment securities
Other receipts, net
Net cash provided by (used in) investing activities

Cash flows from financing activities:
Net (repayments) borrowings under lines of credit
Borrowings under term loan facility
Net (repayments) borrowings under warehouse facilities
Proceeds from issuance of senior notes
Redemption/repurchases of senior notes
Principal payments on notes payable and other borrowings
Proceeds from other borrowings
Net cash distributed in connection with Millrose Properties, Inc spin-off
Proceeds from liabilities related to consolidated inventory not owned
Payments for Turn of Inventory Not Owned, Financing Activities
Payments related to other liabilities, net
Receipts related to noncontrolling interests
Payments related to noncontrolling interests
Debt issuance costs
Common stock:
Issuances
Repurchases
Dividends

Net cash used in financing activities
Net increase (decrease) in cash and cash equivalents
Summary of cash and cash equivalents and restricted cash:
Cash and cash equivalents and restricted cash at beginning of year
Operating Segments
Total cash and cash equivalents and restricted cash at beginning of year
Cash and cash equivalents and restricted cash at end of year
Operating Segments
Total cash and cash equivalents and restricted cash at end of year
Cash and cash equivalents
Lennar Other
Homebuilding
Financial Services
Multifamily
Operating Segments
Total cash and cash equivalents
Restricted cash
Lennar Other
Homebuilding
Financial Services
Multifamily
Operating Segments
Total restricted cash
Supplemental disclosures of cash flow information:
Cash paid for interest, net of amounts capitalized
Cash paid for income taxes, net
Supplemental disclosures of non-cash investing and financing activities:
Purchases of inventories financed by sellers
Net non-cash contributions to unconsolidated entities
Non-cash sale of operating properties and equipment and other assets
Non-cash right of use assets due to adoption of ASU 2016-02
Non-cash lease liabilities due to adoption of ASU 2016-02
Financial Services assets
Financial Services liabilities
Noncontrolling interests
Financial Services
Segments Other Than Financial Services

Inventories
Receivables
Operating properties and equipment and other assets
Investments in unconsolidated entities
Notes payable
Other liabilities

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