Company: LEN
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001628280-25-002404
Chunk: 5

Company: LENNAR CORP /NEW/
Filing Date: 2025-01-23
Form: 10-K
Item: Item 8
Chunk 5
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455,666 Land and land under development4,750,025 4,904,541 Inventory owned15,634,886 15,360,207 Consolidated inventory not owned4,084,665 2,992,528 Inventory owned and consolidated inventory not owned19,719,551 18,352,735 Deposits and pre-acquisition costs on real estate3,625,372 2,002,154 Investments in unconsolidated entities1,344,836 1,143,909 Goodwill3,442,359 3,442,359 Other assets1,734,698 1,512,038 35,594,469 33,628,392 Financial Services3,516,550 3,566,546 Multifamily1,306,818 1,381,513 Lennar Other 894,944 657,852 Total assets$41,312,781 39,234,303 

(1)Under certain provisions of Accounting Standards Codification ("ASC") Topic 810, Consolidations, ("ASC 810") the Company is required to separately disclose on its consolidated balance sheets the assets of consolidated variable interest entities ("VIEs") that are owned by the consolidated VIEs and liabilities of consolidated VIEs as to which there is no recourse against the Company.

As of November 30, 2024, total assets include $3.7 billion related to consolidated VIEs of which $67.0 million is included in Homebuilding cash and cash equivalents, $6.0 million in Homebuilding receivables, net, $9.7 million in Homebuilding finished homes and construction in progress, $602.9 million in Homebuilding land and land under development, $2.8 billion in Homebuilding consolidated inventory not owned, $71.8 million in Homebuilding deposits and pre-acquisition costs on real estate, $0.3 million in Homebuilding investments in unconsolidated entities, $42.3 million in Homebuilding other assets and $33.9 million in Multifamily assets.As of November 30, 2023, total assets include $1.9 billion related to consolidated VIEs of which $22.8 million is included in Homebuilding cash and cash equivalents, $1.8 million in Homebuilding receivables, net, $18.3 million in Homebuilding finished homes and construction in progress,