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

Company: LENNAR CORP /NEW/
Filing Date: 2025-07-01
Form: 10-Q
Item: Item 1
Chunk 10
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 assets and liabilities related to the Company’s segments were as follows:

9

Lennar Corporation and SubsidiariesNotes to Condensed Consolidated Financial Statements (Unaudited) (Continued)

(In thousands)May 31, 2025Assets:HomebuildingFinancialServicesMultifamilyLennar OtherTotalCash and cash equivalents$1,168,143 202,647 14,211 22,693 1,407,694 Restricted cash23,987 47,334 — — 71,321 Receivables, net (1)995,664 440,853 34,226 — 1,470,743 Inventory owned and consolidated inventory not owned14,036,147 — 480,653 — 14,516,800 Deposits and pre-acquisition costs on real estate5,265,591 — 13,965 — 5,279,556 Investments in unconsolidated entities (2)2,699,981 2,806 518,453 367,989 3,589,229 Loans held-for-sale (3)— 1,887,000 — — 1,887,000 Investments in equity securities (4)— — — 216,188 216,188 Investments available-for-sale (5)— — — 39,069 39,069 Loans held-for-investment, net— 52,489 — — 52,489 Investments held-to-maturity— 134,280 — — 134,280 Goodwill3,442,359 189,699 — — 3,632,058 Other assets1,759,645 102,129 71,747 144,598 2,078,119 Total assets$29,391,517 3,059,237 1,133,255 790,537 34,374,546 Liabilities:Senior notes and other debts payable, net$2,791,987 1,416,138 — — 4,208,125 Liabilities related to consolidated inventory not owned2,317,996 — — — 2,317,996 Accounts payable and other liabilities4,710,499 176,248 134,922 94,874 5,116,543 Total