Company: LEN
Filing Date: 2025-04-04
Form Type: 10-Q
Source: 0001628280-25-016792
Chunk: 81

Company: LENNAR CORP /NEW/
Filing Date: 2025-04-04
Form: 10-Q
Item: Item 8
Chunk 81
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, develop and sell land to third parties. The Company's chief operating decision makers manage and assess the Company’s performance at a regional level. Therefore, the Company performed an assessment of its operating segments in accordance with ASC 280, Segment Reporting, and determined that the following are its operating and reportable segments:Homebuilding segments: (1) East (2) Central (3) South Central (4) West(5) Financial Services(6) Multifamily(7) Lennar OtherThe assets and liabilities related to the Company’s segments were as follows:

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Lennar Corporation and SubsidiariesNotes to Condensed Consolidated Financial Statements (Unaudited) (Continued)

(In thousands)February 28, 2025Assets:HomebuildingFinancialServicesMultifamilyLennar OtherTotalCash and cash equivalents$2,283,928 188,833 15,030 28,981 2,516,772 Restricted cash22,487 48,756 — — 71,243 Receivables, net (1)1,063,934 426,410 43,264 — 1,533,608 Inventory owned and consolidated inventory not owned13,608,716 — 643,214 — 14,251,930 Deposits and pre-acquisition costs on real estate5,161,259 — 10,825 — 5,172,084 Investments in unconsolidated entities (2)2,645,734 — 472,668 375,393 3,493,795 Loans held-for-sale (3)— 1,835,897 — — 1,835,897 Investments in equity securities (4)— — — 245,628 245,628 Investments available-for-sale (5)— — — 40,401 40,401 Loans held-for-investment, net— 52,674 — — 52,674 Investments held-to-maturity— 134,369 — — 134,369 Goodwill3,442,359 189,699 — — 3,632,058 Other assets1,657,511 124,140 90,151 133,842 2,005,644 Total assets$29,885,928 3,000,778 1,275,