Company: LEN
Filing Date: 2025-04-04
Form Type: 10-Q
Source: 0001628280-25-016792
Chunk: 4

Company: LENNAR CORP /NEW/
Filing Date: 2025-04-04
Form: 10-Q
Item: Item 1
Chunk 4
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 cash (used in ) provided by operating activities:Depreciation and amortization31,332 27,139 Amortization of discount/premium and accretion on debt, net(91)39 Equity in (earnings) loss from unconsolidated entities(33,234)30,545 Distributions of earnings from unconsolidated entities11,586 8,422 Share-based compensation expense84,085 87,680 Deferred income tax expense23,472 11,979 Loans held-for-sale unrealized (gains) losses(30,403)46,052 Lennar Other realized losses and unrealized (gains) losses from technology investments and other (gains) losses71,427 2,555 Gains on sale of other assets(23,411)(2,671)Valuation adjustments and write-offs of option deposits and pre-acquisition costs on real estate, and other assets28,261 6,609 Changes in assets and liabilities:Decrease in receivables117,753 379,102 Increase in inventories, excluding valuation adjustments(513,257)(285,023)Increase in deposits and pre-acquisition costs on real estate(757,972)(410,936)(Increase) decrease in other assets(57,501)19,061 Decrease in loans held-for-sale445,233 53,797 Decrease in accounts payable and other liabilities(215,035)(326,404)Net cash provided by (used in) operating activities(289,042)367,867 Cash flows from investing activities:Net additions of operating properties and equipment(56,043)(72,925)Proceeds from the sale of other assets40,258 5,094 Proceeds from sale of investment in unconsolidated joint ventures233,007 — Proceeds from sales of investments72,003 — Investments in and contributions to unconsolidated entities(78,709)(117,593)Distributions of capital from unconsolidated entities35,455 35,330 Acquisition, net of cash and restricted cash acquired(231,426)— Decrease in Financial Services loans held-for-investment8,467 2,749 Purchases of investment securities(3,456)(2,063)Proceeds from maturities/sales of investment securities1,934 1,493 Net cash provided by (used in)