Company: LEN
Filing Date: 2025-04-04
Form Type: 10-Q
Source: 0001628280-25-016792
Chunk: 5

Company: LENNAR CORP /NEW/
Filing Date: 2025-04-04
Form: 10-Q
Item: Item 1
Chunk 5
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 investing activities$21,490 (147,915) 

See accompanying notes to condensed consolidated financial statements.6

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

Three Months EndedFebruary 28, 2025February 29, 2024Cash flows from financing activities:Net repayments under warehouse facilities$(533,831)(599,514)Principal payments on notes payable and other borrowings(27,600)(19,251)Proceeds from other borrowings— 6,230 Net cash distributed in connection with Millrose Properties, Inc. spin-off(416,006)— Proceeds from liabilities related to consolidated inventory not owned259 67,650 Payments related to liabilities related to consolidated inventory not owned(255,862)(252,446)Payments related to other liabilities, net(1,421)(1,421)Receipts related to noncontrolling interests11,328 5,796 Payments related to noncontrolling interests(5,389)(1,979)Common stock:Repurchases(774,475)(595,100)Dividends(131,646)(139,387)Net cash used in financing activities(2,134,643)(1,529,422)Net decrease in cash and cash equivalents and restricted cash(2,402,195)(1,309,470)Cash and cash equivalents and restricted cash at beginning of period4,990,210 6,570,938 Cash and cash equivalents and restricted cash at end of period$2,588,015 5,261,468 Summary of cash and cash equivalents and restricted cash:Homebuilding$2,283,928 4,950,128 Financial Services188,833 233,846 Multifamily15,030 27,091 Lennar Other28,981 2,700 Homebuilding restricted cash22,487 12,635 Financial Services restricted cash48,756 35,068 $2,588,015 5,261,468 Supplemental disclosures of non-cash investing and financing activities:Homebuilding:Payments of inventories financed by sellers$320 23,081 Net non-cash contributions to unconsolidated entities17,330 — Non-cash impacts of Millrose Properties, Inc. spin-off:Inventories$(5,576,376)— Investments in unconsolid