| Cash Flow | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-08-31 |
|---|---|---|---|---|
| Net earnings (including net earnings attributable to noncontrolling interests) | 1,610,344 | 1,010,533 | 528,713 | 2,867,781 |
| Depreciation and amortization | 99,326 | 65,157 | 31,332 | 85,119 |
| Amortization of discount/premium and accretion on debt, net | -33 | -142 | -91 | 407 |
| Equity in earnings from unconsolidated entities | -56,172 | -45,351 | -33,234 | -151,767 |
| Distributions of earnings from unconsolidated entities | 28,266 | 20,070 | 11,586 | 34,108 |
| Share-based compensation expense | 138,363 | 112,858 | 84,085 | 154,094 |
| Deferred income tax expense | 77,332 | 38,381 | 23,472 | 99,368 |
| Gains on redemption/repurchase of senior notes | - | - | - | -825 |
| Loans held-for-sale unrealized gains | -10,293 | 2,350 | -30,403 | -1,617 |
| Lennar other realized and unrealized losses (gains) from technology investments and other losses (gains), net | 14,218 | 100,006 | 71,427 | -35,189 |
| Gains on sale of other assets and loans receivables | -34,086 | -34,597 | -23,411 | -15,428 |
| Gain on sale of investments in unconsolidated entities and other | -35,678 | -35,033 | - | - |
| Valuation adjustments and write-offs of option deposits and pre-acquisition costs on real estate, and other assets | 146,893 | 89,727 | 28,261 | 125,777 |
| Increase in receivables | -10,286 | 69,599 | 117,753 | -24,170 |
| Increase in inventories, excluding valuation adjustments | -1,314,933 | -1,624,586 | -513,257 | -707,702 |
| Increase in deposits and pre-acquisition costs on real estate | -1,248,390 | -781,716 | -757,972 | -984,843 |
| Increase in other assets | -209,892 | -132,671 | -57,501 | -84,751 |
| Decrease in loans held-for-sale | 240,394 | 361,377 | 445,233 | 245,004 |
| Decrease in accounts payable and other liabilities | -978,048 | -600,026 | -215,035 | -176,492 |
| Net cash (used in) provided by operating activities | -1,542,675 | -1,384,064 | -289,042 | 1,428,874 |
| Net additions of operating properties and equipment | -103,424 | -71,259 | -56,043 | -130,138 |
| Proceeds from sale of other assets | 54,803 | 50,696 | 40,258 | 31,435 |
| Proceeds from sale of investments in unconsolidated joint venture | 233,007 | 233,007 | 233,007 | - |
| Proceeds from sales of investments | 86,862 | 72,003 | 72,003 | - |
| Investments in and contributions to unconsolidated entities | -203,010 | -145,494 | -78,709 | -311,904 |
| Distributions of capital from unconsolidated entities | 235,593 | 175,203 | 35,455 | 236,527 |
| Proceeds from sale of loan receivables | 114,661 | 114,661 | - | - |
| Acquisition, net of cash and restricted cash acquired | -254,492 | -254,492 | -231,426 | - |
| Decrease (increase) in financial services loans held-for-investment | 11,572 | 9,466 | 8,467 | -2,479 |
| Purchases of investment securities | -3,456 | -3,456 | -3,456 | -4,519 |
| Proceeds from maturities/sales of investment securities | 3,518 | 2,546 | 1,934 | 4,254 |
| Net cash provided by (used in) investing activities | 175,634 | 182,881 | 21,490 | -176,824 |
| Net repayments under warehouse facilities | - | - | -533,831 | -618,388 |
| Net borrowings under revolving credit facility | 1,140,000 | 400,000 | - | - |
| Net repayments under warehouse facilities | -67,111 | -514,818 | - | - |
| Proceeds from issuance of senior notes | 700,000 | 700,000 | - | - |
| Redemption/repurchases of senior notes | -500,000 | -500,000 | - | -553,865 |
| Principal payments on notes payable and other borrowings | -48,659 | -40,329 | -27,600 | -43,995 |
| Net cash distributed in connection with millrose properties, inc. spin-off | -416,006 | -416,006 | -416,006 | - |
| Proceeds from liabilities related to consolidated inventory not owned | 259 | 259 | 259 | 130,440 |
| Proceeds from other borrowings | - | - | - | 6,231 |
| Payments for liabilities related to consolidated inventory not owned | -479,426 | -385,794 | -255,862 | -255,753 |
| Payments related to other liabilities, net | -4,263 | -2,842 | -1,421 | -4,263 |
| Receipts related to noncontrolling interests | 25,982 | 21,029 | 11,328 | 17,044 |
| Payments related to noncontrolling interests | -7,777 | -5,965 | -5,389 | -45,819 |
| Debt issuance costs | -6,502 | -4,417 | - | - |
| Repurchases | -1,808,312 | -1,295,894 | -774,475 | -1,729,308 |
| Dividends | -394,357 | -265,235 | -131,646 | -414,168 |
| Net cash used in financing activities | -1,866,172 | -2,310,012 | -2,134,643 | -3,511,844 |
| Net decrease in cash and cash equivalents and restricted cash | -3,233,213 | -3,511,195 | -2,402,195 | -2,259,794 |
| Cash and cash equivalents at beginning of period | 4,990,210 | 4,990,210 | 4,990,210 | 6,570,938 |
| Cash and cash equivalents at end of period | 1,756,997 | 1,479,015 | 2,588,015 | 4,311,144 |
LENNAR CORP NEW (LEN-B)
LENNAR CORP NEW (LEN-B)