Company: LEN
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001628280-25-002404
Chunk: 48

Company: LENNAR CORP /NEW/
Filing Date: 2025-01-23
Form: 10-K
Item: Item 8
Chunk 48
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 strategic technology investments in unconsolidated entities and investment funds with a carrying value of $239.3 million and $127.5 million, as of November 30, 2024 and November 30, 2023, respectively. During the year ended November 30, 2024, there was a $46.5 million one-time realized gain in Lennar Other on the sale of a technology investment that was included in other income (expense), net and other gains (losses) on the Company's consolidated statements of operations and comprehensive income (loss). 

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Table of ContentsLENNAR CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

Condensed Financial Information of Unconsolidated EntitiesSummarized condensed financial information on a combined 100% basis related to the Company's unconsolidated entities that are accounted for under the equity method, of which the Company's investments in unconsolidated entities were $2.2 billion and $2.0 billion as of November 30, 2024 and 2023, respectively. Financial information relating to the Company’s unconsolidated entities was as follows:Balance Sheets(In thousands)At November 30, 2024Assets:HomebuildingMultifamilyLennar OtherTotalCash and cash equivalents$410,948 323,389 95,735 830,072 Loans receivable— — 11,884 11,884 Real estate owned— — 50,621 50,621 Investment securities— — 2,102,204 2,102,204 Investments in partnerships— — 94,183 94,183 Inventories5,501,970 — — 5,501,970 Operating properties and equipment37,516 4,988,704 — 5,026,220 Other assets1,282,274 821,201 102,879 2,206,354 $7,232,708 6,133,294 2,457,506 15,823,508 Liabilities and equity:Accounts payable and other liabilities$979,910 140,000 114,244 1,234,154 Debt (1)1,318,759 2,905,913 295,825 4,520,497 Equity4,934