Company: LEN
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001628280-25-002404
Chunk: 37

Company: LENNAR CORP /NEW/
Filing Date: 2025-01-23
Form: 10-K
Item: Item 8
Chunk 37
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. Operating earnings (loss) for the Homebuilding segments consist of revenues generated from the sales of homes and land, other revenues from management fees and forfeited deposits, equity in earnings (losses) from unconsolidated entities and other income (expense), net, less the cost of homes sold and land sold, and selling, general and administrative expenses incurred by the segment. Homebuilding Other also includes management of a fund that acquires single-family homes and holds them as rental properties.The Company’s reportable Homebuilding segments and all other homebuilding operations not required to be reported separately, have homebuilding divisions located in:East: Alabama, Florida, New Jersey and PennsylvaniaCentral: Georgia, Illinois, Indiana, Maryland, Minnesota, North Carolina, South Carolina, Tennessee and VirginiaTexas: TexasWest: Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah and WashingtonOther: Urban divisions and other homebuilding related investments primarily in California, including FivePoint Holdings, LLC ("FivePoint")The assets related to the Company's Homebuilding segments were as follows:At November 30,(In thousands)20242023East$7,168,086 6,563,568 Central5,366,936 4,511,496 Texas4,238,587 3,337,280 West 12,148,434 11,298,812 Other1,729,407 1,511,541 Corporate and Unallocated 4,943,019 6,405,695 Total Homebuilding$35,594,469 33,628,392 

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

Financial information relating to the Company’s homebuilding segments was as follows:Years Ended November 30,(In thousands)202420232022Revenues:East$8,492,955 8,727,154 8,389,182 Central7,637,003 7,101,560 6,722,854 Texas4,787,125 4,707,285 4,227,771 West 12,955,853 12,086,172 12,571,386 Other33,490 38,816 40,142 $33,906,426 32,660,987 31,951,335 Operating earnings (loss):East$1,599,024 1,