Company: LEN
Filing Date: 2025-07-01
Form Type: 10-Q
Source: 0001628280-25-033777
Chunk: 177

Company: LENNAR CORP /NEW/
Filing Date: 2025-07-01
Form: 10-Q
Item: Item 2
Chunk 177
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(14,777)(142,178)(341,196)1,340,119 

33

Six Months Ended May 31, 2024(In thousands)HomebuildingFinancial ServicesMultifamily Lennar OtherCorporateTotalRevenues:Sales of homes$15,259,531 — — — — 15,259,531 Sales of land34,350 — — — — 34,350 Other revenues18,169 531,443 229,177 5,852 — 784,641 Total revenues15,312,050 531,443 229,177 5,852 — 16,078,522 Homebuilding costs and expenses:Costs of homes sold11,865,484 — — — — 11,865,484 Costs of land sold20,920 — — — — 20,920 Selling, general and administrative expenses1,197,587 — — — — 1,197,587 Other costs and expenses— 253,135 234,872 35,929 523,936 Total costs and expenses13,083,991 253,135 234,872 35,929 — 13,607,927 Equity in earnings (losses) from unconsolidated entities28,818 — (30,163)(33,509)— (34,854)Other income (expense), net and other gains (losses)112,074 — (255)21,725 — 133,544 Lennar Other unrealized losses from technology investments— — — (26,651)— (26,651)Operating earnings (loss)$2,368,951 278,308 (36,113)(68,512)— 2,542,634 Corporate general and administrative expenses— — — — 314,303 314,303 Charitable foundation contribution— — — — 36,488 36,488 Earnings (loss) before income taxes$2,368,951 278,308 (36,113)(68,512)(350,791)2,191,843 

On February 10, 2025, we completed our acquisition of Rausch Coleman Homes ("Rausch"). Prior year information includes only stand