Company: LEN
Filing Date: 2025-01-23
Form Type: 10-K
Source: 0001628280-25-002404
Chunk: 146

Company: LENNAR CORP /NEW/
Filing Date: 2025-01-23
Form: 10-K
Item: Item 7
Chunk 146
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, Maryland, Minnesota, North Carolina, South Carolina, Tennessee and Virginia

Texas: Texas

West: Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah and Washington

Other: Urban divisions and other homebuilding related investments primarily in California, including FivePoint

The following tables set forth selected financial and operational information related to our homebuilding operations for the years indicated:

Selected Financial and Operational Data

Year Ended November 30, 2024Gross MarginsOperating Earnings (Loss)(Dollars in thousands)Sales of Homes RevenuesCosts of Sales of HomesGross Margin %Net Margins (Loss) on Sales of Homes (1)Gross Margins (Loss) on Sales of Land (2)Other RevenuesEquity in Earnings (Losses) from Unconsolidated EntitiesOther Income (Expense), netOperating EarningsEast$8,436,921 6,246,070 26.0 %$1,475,676 10,987 11,415 31,039 69,907 1,599,024 Central7,617,692 5,959,530 21.8 %1,044,730 2,849 3,485 1,727 30,943 1,083,734 Texas4,763,692 3,661,661 23.1 %731,095 10,626 2,355 (17)9,663 753,722 West12,938,104 10,358,652 19.9 %1,817,049 (4,880)5,958 5,362 34,381 1,857,870 Other (3)21,740 29,440 (35.4)%(26,063)— 11,680 28,337 33,948 47,902 Totals$33,778,149 26,255,353 22.3 %$5,042,487 19,582 34,893 66,448 178,842 5,342,252 

Year Ended November 30, 2023Gross MarginsOperating Earnings (Loss)(Dollars in thousands)Sales of Homes RevenuesCosts of Sales of HomesGross Margin %Net Margins (Loss) on Sales of Homes (1)Gross Margins (Loss) on Sales of