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LENNAR CORP NEW (LEN)
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LENNAR CORP NEW (LEN)
Income Statement
|
Cash Flow
|
Balance Sheet
|
Ratios
Cash Flow Overview
Change in Cash
-$1,159,476K
Free Cash flow
$28,183K
Unit: Thousand (K) dollars
Positive Cash Flow Breakdown
Net earnings (including net earn...
Borrowings under term loan facil...
Proceeds from issuance of senior...
Others
Negative Cash Flow Breakdown
Repurchases
Increase in deposits and pre-acq...
(decrease) increase in accounts ...
Others
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Page 1
Annual
123
Page 1
Cash Flow
2025-11-30
2024-11-30
2023-11-30
2022-11-30
Net earnings (including net earnings attributable to noncontrolling interests)
2,108,300
3,967,655
3,961,291
4,648,501
Depreciation and amortization
134,310
115,528
110,164
87,075
Amortization of discount/premium on debt, net
88
148
-1,651
-2,163
Equity in (earnings) losses from unconsolidated entities
78,225
164,099
-144,610
-36,302
Distributions of earnings from unconsolidated entities
36,578
155,565
53,125
71,301
Share-based compensation expense
163,494
176,676
160,720
184,086
Deferred income tax expense (benefit)
77,295
60,426
-67,968
-246,653
Loans held-for-sale unrealized (gains) losses
26,618
-52,482
-26,658
-33,287
Loss on millrose properties, inc. exchange offer
-156,076
-
-
-
Lennar other (gains) losses from technology investments and other (gains) losses, net-Lennar Other
100,159
67,226
-112,541
-672,212
Gain on sale of interest in unconsolidated entity and other multifamily gain-Lennar Homebuilding East Central West Houstonand Other
35,900
-
-
-
Gains on sale of operating properties and equipment and other assets and loans receivables
77,737
38,837
7,015
7,617
Gain on deconsolidation of an entity
-
-
-
0
Gain on sale of interest in unconsolidated entity and other multifamily gain-Lennar Multifamily
-
-
0
0
Gain on sale of businesses-Lennar Financial Services
-
-
0
0
Gain on redemption/repurchases of senior notes and other debts payable
0
825
9,611
0
Valuation adjustments and write-offs of option deposits and pre-acquisition costs on real estate, and other assets
246,220
143,265
125,338
110,693
Decrease (increase) in receivables
-66,764
129,212
329,191
422,398
(increase) decrease in inventories, excluding valuation adjustments
150,921
285,095
-2,274,083
2,383,821
Increase in deposits and pre-acquisition costs on real estate
1,549,664
1,631,783
295,761
-
Increase in other assets
186,071
113,276
85,005
13,330
Decrease (increase) in loans held-for-sale
-123,733
218,393
366,728
202,920
(decrease) increase in accounts payable and other liabilities
-690,751
380,380
-625,862
701,113
Net cash provided by operating activities
216,812
2,403,379
5,179,738
3,265,668
Net additions to operating properties and equipment
188,629
171,503
99,799
57,214
Proceeds from sale of other assets
150,824
61,441
13,215
24,686
Proceeds from divestiture of interest in joint venture
258,672
-
0
0
Proceeds from sale of business-Lennar Financial Services
-
-
0
0
Proceeds from sale of investments
100,330
-
-
-
Investments in and contributions to unconsolidated entities
253,713
425,562
201,042
447,401
Distributions of capital from unconsolidated and consolidated entities
281,536
231,096
99,643
398,423
Proceeds from sale of loan receivables
114,661
-
-
-
Proceeds from sale of commercial mortgage-backed securities bonds
-
0
0
9,191
Acquisitions, net of cash and restricted cash acquired
254,492
-
-
-
Decrease (increase) in financial services loans held-for-investment
-11,580
734
-14,329
-19,491
Purchases of investment securities
3,456
4,519
8,000
93,769
Proceeds from maturities/sales of investment securities
4,255
7,224
4,673
16,892
Other receipts, net
-
0
0
-1,399
Net cash provided by (used in) investing activities
221,568
-302,557
-176,981
-128,302
Borrowings under term loan facility-Term Loan Facility
1,710,000
-
-
-
Net (repayments) borrowings under warehouse facilities-Secured Debt
140,648
-
-
-
Net (repayments) borrowings under lines of credit-Warehouse Agreement Borrowings
-
-232,848
28,712
409,067
Proceeds from issuance of senior notes
700,000
-
-
-
Redemption/repurchases of senior notes
500,000
553,865
1,121,133
575,000
Principal payments on notes payable and other borrowings
57,860
43,524
105,118
48,079
Proceeds from other borrowings
-
-
0
0
Net cash distributed in connection with millrose properties, inc spin-off
416,006
-
-
-
Proceeds from other liabilities
-
-
461,312
1,167,227
Proceeds from liabilities related to consolidated inventory not owned
2,118
195,524
-
-
Payments for turn of inventory not owned, financing activities
566,173
209,333
842,781
682,385
Payments related to other liabilities, net
5,684
5,684
5,187
21,249
Receipts related to noncontrolling interests
32,105
20,117
21,149
41,816
Payments related to noncontrolling interests
19,878
46,650
71,272
91,329
Debt issuance costs
6,502
-
-
-
Repurchases
1,808,369
2,256,464
1,182,711
1,039,309
Dividends
520,959
548,823
430,560
438,038
Net cash used in financing activities
-1,597,856
-3,681,550
-3,247,589
-1,277,279
Net increase (decrease) in cash and cash equivalents
-1,159,476
-1,580,728
1,755,168
1,860,087
Cash and cash equivalents at beginning of period
4,990,210
6,570,938
4,815,770
2,955,683
Cash and cash equivalents at end of period
3,830,734
4,990,210
6,570,938
4,815,770
Page 1
Unit: Thousand (K) dollars (except for numbers of shares and EPS).
Page 1
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Time Plot
Show the time plot by selecting a row from the table.
Cash Flow
Distributions of capital from
unconsolidated and...
$281,536K
(21.83%↑ Y/Y)
Net earnings
(including net earnings...
$2,108,300K
(-46.86%↓ Y/Y)
Proceeds from
divestiture of interest in...
$258,672K
Proceeds from sale of
other assets
$150,824K
(145.48%↑ Y/Y)
Proceeds from sale of loan
receivables
$114,661K
Proceeds from sale of
investments
$100,330K
Decrease (increase) in
financial services loans...
-$11,580K
(-1677.66%↓ Y/Y)
Proceeds from
maturities/sales of investment...
$4,255K
(-41.10%↓ Y/Y)
Valuation adjustments and
write-offs of option...
$246,220K
(71.86%↑ Y/Y)
Share-based compensation
expense
$163,494K
(-7.46%↓ Y/Y)
Loss on millrose
properties, inc. exchange...
-$156,076K
Depreciation and
amortization
$134,310K
(16.26%↑ Y/Y)
Decrease (increase) in
loans held-for-sale
-$123,733K
(-156.66%↓ Y/Y)
Deferred income tax
expense (benefit)
$77,295K
(27.92%↑ Y/Y)
Decrease (increase) in
receivables
-$66,764K
(-151.67%↓ Y/Y)
Distributions of earnings from
unconsolidated entities
$36,578K
(-76.49%↓ Y/Y)
Amortization of
discount/premium on debt, net
$88K
(-40.54%↓ Y/Y)
Net cash provided by
(used in) investing...
$221,568K
(173.23%↑ Y/Y)
Net cash provided by
operating activities
$216,812K
(-90.98%↓ Y/Y)
Canceled cashflow
$700,290K
Canceled cashflow
$2,896,046K
Net increase
(decrease) in cash and cash...
-$1,159,476K
(26.65%↑ Y/Y)
Canceled cashflow
$438,380K
Borrowings under term loan
facility-Term Loan Facility
$1,710,000K
Proceeds from issuance of
senior notes
$700,000K
Receipts related to
noncontrolling interests
$32,105K
(59.59%↑ Y/Y)
Proceeds from
liabilities related to...
$2,118K
(-98.92%↓ Y/Y)
Acquisitions, net of cash and
restricted cash acquired
$254,492K
Investments in and
contributions to...
$253,713K
(-40.38%↓ Y/Y)
Net additions to
operating properties and...
$188,629K
(9.99%↑ Y/Y)
Purchases of investment
securities
$3,456K
(-23.52%↓ Y/Y)
Increase in deposits and
pre-acquisition costs on real...
$1,549,664K
(-5.03%↓ Y/Y)
(decrease) increase in
accounts payable and...
-$690,751K
(-281.59%↓ Y/Y)
Increase in other assets
$186,071K
(64.26%↑ Y/Y)
(increase) decrease in
inventories, excluding...
$150,921K
(-47.06%↓ Y/Y)
Lennar other (gains)
losses from technology...
$100,159K
(48.99%↑ Y/Y)
Equity in (earnings)
losses from...
$78,225K
(-52.33%↓ Y/Y)
Gains on sale of
operating properties and...
$77,737K
(100.16%↑ Y/Y)
Gain on sale of
interest in...
$35,900K
Loans held-for-sale
unrealized (gains) losses
$26,618K
(150.72%↑ Y/Y)
Net cash used in
financing activities
-$1,597,856K
(56.60%↑ Y/Y)
Canceled cashflow
$2,444,223K
Repurchases
$1,808,369K
(-19.86%↓ Y/Y)
Payments for turn of
inventory not owned,...
$566,173K
(170.47%↑ Y/Y)
Dividends
$520,959K
(-5.08%↓ Y/Y)
Redemption/repurchases of senior notes
$500,000K
(-9.73%↓ Y/Y)
Net cash
distributed in connection...
$416,006K
Net (repayments)
borrowings under warehouse...
$140,648K
Principal payments on
notes payable and...
$57,860K
(32.94%↑ Y/Y)
Payments related to
noncontrolling interests
$19,878K
(-57.39%↓ Y/Y)
Debt issuance costs
$6,502K
Payments related to other
liabilities, net
$5,684K
(0.00%↑ Y/Y)
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