Company: LEN
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001628280-25-002404
Chunk: 35

Company: LENNAR CORP /NEW/
Filing Date: 2025-01-23
Form: 10-K
Item: Item 8
Chunk 35
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359 189,699 — — 3,632,058 Other assets1,512,038 135,377 73,187 44,464 1,765,066 Total assets$33,628,392 3,566,546 1,381,513 657,852 39,234,303 Liabilities:Notes and other debts payable, net$2,816,482 2,163,805 3,741 — 4,984,028 Liabilities related to consolidated inventory not owned2,540,894 — — — 2,540,894 Accounts payable and other liabilities4,370,618 283,234 274,436 79,127 5,007,415 Total liabilities$9,727,994 2,447,039 278,177 79,127 12,532,337 (1)Receivables, net for Financial Services primarily related to loans sold to investors for which the Company had not yet been paid as of November 30, 2024 and 2023, respectively.(2)Loans held-for-sale related to unsold residential and commercial loans carried at fair value.(3)Investments in equity securities include investments of $143.0 million and $121.0 million without readily available fair values as of November 30, 2024 and 2023, respectively.(4)Investments available-for-sale are carried at fair value with changes in fair value recorded as a component of accumulated other comprehensive income (loss) on the consolidated balance sheet.Financial information relating to the Company’s segments was as follows:Years Ended November 30,(In thousands)202420232022Revenues:Homebuilding$33,906,426 32,660,987 31,951,335 Financial Services 1,109,263 976,859 809,680 Multifamily (1)411,537 573,485 865,603 Lennar Other14,226 22,035 44,392 $35,441,452 34,233,366 33,671,010 Earnings (loss) before income taxes:Homebuilding$5,342,252 5,527,707 6,777,317 Financial Services (2)577,184 509,461 383,302 Multifamily42,635 (50,