Company: LEN
Filing Date: 2025-10-03
Form Type: 10-Q
Source: 0001628280-25-044086
Chunk: 96

Company: LENNAR CORP /NEW/
Filing Date: 2025-10-03
Form: 10-Q
Item: Item 8
Chunk 96
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 brand name. In addition, the Company's homebuilding operations purchase, 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:

9

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

(In thousands)At August 31, 2025Assets:HomebuildingFinancialServicesMultifamilyLennar OtherTotalCash and cash equivalents$1,406,215 216,129 17,337 22,532 1,662,213 Restricted cash29,928 64,856 — — 94,784 Receivables, net (1)948,295 556,273 45,715 — 1,550,283 Inventory owned and consolidated inventory not owned13,377,654 — 322,502 — 13,700,156 Deposits and pre-acquisition costs on real estate6,012,493 — 15,425 — 6,027,918 Investments in unconsolidated entities (2)2,648,329 2,657 519,510 372,256 3,542,752 Loans held-for-sale (3) (6)— 2,081,628 — — 2,081,628 Investments in equity securities (4)— — — 285,589 285,589 Investments available-for-sale (5)— — — 39,069 39,069 Investments held-to-maturity— 133,558 — — 133,558 Goodwill3,442,359 189,699 — — 3,632,058 Other assets1,798,459 123,788 80,989 125,157 2,128,393 Total assets$29,663,732 3,368,588 1,001,478 844,603