Company: LEN
Filing Date: 2025-07-01
Form Type: 10-Q
Source: 0001628280-25-033777
Chunk: 96

Company: LENNAR CORP /NEW/
Filing Date: 2025-07-01
Form: 10-Q
Item: Item 8
Chunk 96
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 homebuyers primarily under the Lennar brand name. In addition, the Company's homebuilding operations purchase, develop and sell land to third parties. The Company's chief operating decision makers manage and assess the Company’s performance at a regional level. Therefore, the Company performed an assessment of its operating segments in accordance with ASC 280, Segment Reporting, and determined that the following are its operating and reportable segments:Homebuilding segments: (1) East (2) Central (3) South Central (4) West(5) Financial Services(6) Multifamily(7) Lennar OtherThe 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