Company: LEN
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001628280-25-002404
Chunk: 12

Company: LENNAR CORP /NEW/
Filing Date: 2025-01-23
Form: 10-K
Item: Item 8
Chunk 12
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,399 Net cash used in investing activities$(302,557)(176,981)(128,302)

LENNAR CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)

Years Ended November 30, 2024, 2023 and 2022

202420232022(In thousands)Cash flows from financing activities:Net (repayments) borrowings under warehouse facilities$(232,848)28,712 409,067 Redemption/repurchases of senior notes(553,865)(1,121,133)(575,000)Principal payments on notes payable and other borrowings(43,524)(105,118)(48,079)Proceeds from liabilities related to consolidated inventory not owned195,524 461,312 1,167,227 Payments related to liabilities related to consolidated inventory not owned(209,333)(842,781)(682,385)Payments related to other liabilities, net(5,684)(5,187)(21,249)Receipts related to noncontrolling interests20,117 21,149 41,816 Payments related to noncontrolling interests(46,650)(71,272)(91,329)Common stock:Repurchases(2,256,464)(1,182,711)(1,039,309)Dividends(548,823)(430,560)(438,038)Net cash used in financing activities$(3,681,550)(3,247,589)(1,277,279)Net (decrease) increase in cash and cash equivalents and restricted cash(1,580,728)1,755,168 1,860,087 Cash and cash equivalents and restricted cash at beginning of year6,570,938 4,815,770 2,955,683 Cash and cash equivalents and restricted cash at end of year$4,990,210 6,570,938 4,815,770 Summary of cash and cash equivalents and restricted cash:Homebuilding$4,662,643 6,273,724 4,616,124 Financial Services175,382 159,491 139,378 Multifamily30,948 39,334 17,827 Lennar Other40,691 1,948 5,391 Homebuilding restricted cash11,799 13,481 23,046 Financial Services restricted cash68,747