Company: LEN
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001628280-25-002404
Chunk: 6

Company: LENNAR CORP /NEW/
Filing Date: 2025-01-23
Form: 10-K
Item: Item 8
Chunk 6
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 $628.0 million in Homebuilding land and land under development, $1.2 billion in Homebuilding consolidated inventory not owned, $55.0 million in Homebuilding deposits and pre-acquisition costs on real estate, $0.3 million in Homebuilding investments in unconsolidated entities, $23.0 million in Homebuilding other assets and $32.6 million in Multifamily assets. 

See accompanying notes to consolidated financial statements.50

LENNAR CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

November 30, 2024 and 2023 

2024 (2)2023 (2)(Dollars in thousands except share and per share amounts)LIABILITIES AND EQUITYHomebuilding:Accounts payable$1,839,440 1,631,401 Liabilities related to consolidated inventory not owned3,563,934 2,540,894 Senior notes and other debts payable, net2,258,283 2,816,482 Other liabilities3,201,552 2,739,217 10,863,209 9,727,994 Financial Services2,140,708 2,447,039 Multifamily181,883 278,177 Lennar Other105,756 79,127 Total liabilities13,291,556 12,532,337 Commitments and contingent liabilities (See Note 9)Stockholders’ equity:Preferred stock— — Class A common stock of $0.10 par value per share; Authorized: 2024 and 2023 - 400,000,000 shares; Issued: 2024 - 259,979,453 shares; 2023 - 258,475,012 shares25,998 25,848 Class B common stock of $0.10 par value per share; Authorized: 2024 and 2023 - 90,000,000 shares; Issued: 2024 - 36,601,215 shares; 2023 - 36,601,215 shares3,660 3,660 Additional paid-in capital5,729,434 5,570,009 Retained earnings25,753,078 22,369,368 Treasury stock, at cost; 2024 - 23,814,148 shares of Class A common stock and 4,532,701 shares of Class