Company: LEN
Filing Date: 2025-07-01
Form Type: 10-Q
Source: 0001628280-25-033777
Chunk: 5

Company: LENNAR CORP /NEW/
Filing Date: 2025-07-01
Form: 10-Q
Item: Item 1
Chunk 5
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631,180)Increase in deposits and pre-acquisition costs on real estate(781,716)(755,232)(Increase) decrease in other assets(132,671)11,393 Decrease in loans held-for-sale361,377 335,788 Decrease in accounts payable and other liabilities(600,026)(380,966)Net cash (used in) provided by operating activities(1,384,064)609,626 Cash flows from investing activities:Net additions of operating properties and equipment(71,259)(111,733)Proceeds from sale of other assets50,696 18,709 Proceeds from sale of investments in unconsolidated joint ventures233,007 — Proceeds from sales of investments72,003 — Investments in and contributions to unconsolidated entities(145,494)(247,785)Distributions of capital from unconsolidated entities175,203 61,807 Proceeds from sale of loans receivables114,661 — Acquisition, net of cash and restricted cash acquired(254,492)— Decrease in Financial Services loans held-for-investment9,466 2,960 Purchases of investment securities(3,456)(2,063)Proceeds from maturities/sales of investment securities2,546 3,321 Net cash provided by (used in) investing activities$182,881 (274,784) 

See accompanying notes to condensed consolidated financial statements.6

Lennar Corporation and SubsidiariesCondensed Consolidated Statements of Cash Flows (Continued)(In thousands)(Unaudited)

Six Months EndedMay 31,20252024Cash flows from financing activities:Net borrowings under revolving line of credit$400,000 — Net repayments under warehouse facilities(514,818)(753,703)Proceeds from issuance of senior notes700,000 — Redemption/repurchases of senior notes(500,000)(553,865)Principal payments on notes payable and other borrowings(40,329)(40,672)Net cash distributed in connection with Millrose Properties, Inc. spin-off(416,006)— Proceeds from liabilities related to consolidated inventory not owned259 105,635 Proceeds from other borrowings— 6,231 Payments for liabilities related to consolidated inventory not owned(385,794)(250,232)Payments related to other liabilities, net(2,842