Lennar Balance Sheet

Financials in millions USD. Fiscal year is December - November.

Millions USD. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Cash & Equivalents	3,497	4,734	6,315	4,639	2,755
Short-Term Investments	6,384	3,625	2,002	1,734	-
Cash & Short-Term Investments	9,881	8,360	8,317	6,373	2,755
Cash Growth	18.20%	0.51%	30.50%	131.35%	0.29%
Accounts Receivable	879.63	952.49	730.06	602.38	340.88
Receivables	1,041	1,107	980.13	788.11	588.68
Inventory	11,841	20,312	18,898	20,100	19,169
Finance Div. Loans and Leases	2,642	2,857	2,858	2,648	2,389
Finance Div. Other Current Assets	307.37	244.13	242.45	153.38	179.03
Restricted Cash	25.93	11.8	13.48	23.05	21.93
Total Current Assets	25,739	32,892	31,309	30,086	25,103
Property, Plant & Equipment	642.84	516.2	404.79	355.1	339.91
Long-Term Investments	2,806	2,616	2,355	2,564	3,021
Goodwill	3,442	3,442	3,442	3,442	3,442
Long-Term Deferred Tax Assets	119.76	218.35	218.7	180.82	148.45
Other Long-Term Assets	1,253	1,213	1,038	903.31	757.34
Total Assets	34,430	41,313	39,234	37,984	33,208
Accounts Payable	1,812	1,839	1,631	1,616	1,321
Short-Term Debt	-	-	3.74	16.75	-
Current Portion of Long-Term Debt	453.06	-	-	-	-
Current Portion of Leases	86.9	-	-	-	-
Finance Div. Debt Current	1,667	-	-	-	-
Other Current Liabilities	400.59	446.24	414.8	418.02	377.02
Total Current Liabilities	4,420	2,286	2,050	2,051	1,698
Long-Term Debt	3,632	2,258	2,816	4,047	4,652
Finance Div. Debt Long-Term	123.11	1,931	2,164	2,135	1,726
Finance Div. Other Long-Term Liabilities	220.29	209.75	283.23	218.81	180.32
Long-Term Leases	177.26	-	-	-	-
Other Long-Term Liabilities	3,717	6,607	5,219	5,292	3,955
Total Liabilities	12,290	13,292	12,532	13,744	12,211
Common Stock	29.82	29.66	29.51	29.27	33.99
Additional Paid-In Capital	5,910	5,729	5,570	5,418	8,808
Retained Earnings	22,471	25,753	22,369	18,861	14,685
Treasury Stock	-6,458	-3,650	-1,393	-210.39	-2,709
Comprehensive Income & Other	6.01	7.53	4.88	2.41	-1.34
Total Common Equity	21,959	27,870	26,581	24,101	20,816
Minority Interest	181.19	151.09	121.3	139.87	179.86
Shareholders' Equity	22,141	28,021	26,702	24,240	20,996
Total Liabilities & Equity	34,430	41,313	39,234	37,984	33,208
Total Debt	6,139	4,189	4,984	6,199	6,378
Net Cash (Debt)	3,742	4,170	3,333	173.93	-3,624
Net Cash Growth	-10.27%	25.12%	1816.35%	-	-
Net Cash Per Share	14.52	15.33	11.76	0.60	-11.82
Filing Date Shares Outstanding	246.99	265.52	280.82	289.7	298.88
Total Common Shares Outstanding	246.99	268.23	280.95	289.81	299.43
Working Capital	21,319	30,607	29,259	28,035	23,405
Book Value Per Share	88.91	103.90	94.61	83.16	69.52
Tangible Book Value	18,327	24,238	22,949	20,468	17,184
Tangible Book Value Per Share	74.20	90.36	81.68	70.63	57.39
Machinery	390.39	371.57	297.28	207.22	172.77
Leasehold Improvements	75.92	77.92	72.99	68.95	56.62
Order Backlog	5,158	5,309	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.