Lennar Corporation (LEN.B)

Lennar Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 28, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Net Income	1,813	2,108	3,968	3,961	4,649	4,457
Depreciation & Amortization	136.37	134.31	115.53	110.16	87.08	85.95
Stock-Based Compensation	141.79	163.49	176.68	160.72	184.09	134.62
Other Adjustments	0.75	197.62	140.9	376.03	667.36	-493.45
Change in Receivables	245.24	66.76	-129.21	-329.19	-422.4	-289.78
Changes in Inventories	-289.68	-150.92	-285.1	2,274	-1,712	-1,184
Changes in Accounts Payable	-879.48	-690.75	380.38	-625.86	701.11	881.31
Changes in Other Operating Activities	-1,234	-1,612	-1,963	-747.49	-888.31	-1,058
Operating Cash Flow	72.35	216.81	2,403	5,180	3,266	2,533
Operating Cash Flow Growth	-95.86%	-90.98%	-53.60%	58.61%	28.94%	-39.56%
Capital Expenditures	-162.58	-188.63	-171.5	-99.8	-57.21	-65.17
Sale of Property, Plant & Equipment	26.16	-	-	-	24.69	41.55
Purchases of Investments	-6.22	-3.46	-4.52	-8	-93.77	-128.16
Proceeds from Sale of Investments	60.9	104.59	7.22	4.67	26.08	27.62
Payments for Business Acquisitions	-23.07	-254.49	-	-	-	-
Proceeds from Business Divestments	125.48	409.5	61.44	13.22	-	35.67
Other Investing Activities	204.68	154.06	-195.2	-87.07	-28.09	-16.59
Investing Cash Flow	293.44	221.57	-302.56	-176.98	-128.3	-105.09
Long-Term Debt Issued	350	2,410	-	-	-	13.97
Long-Term Debt Repaid	-292.35	-557.86	-597.39	-1,226	-623.08	-1,355
Net Long-Term Debt Issued (Repaid)	57.65	1,852	-597.39	-1,226	-623.08	-1,341
Repurchase of Common Stock	-1,304	-1,808	-2,256	-1,183	-1,039	-1,430
Net Common Stock Issued (Repurchased)	-1,304	-1,808	-2,256	-1,183	-1,039	-1,430
Common Dividends Paid	-512.79	-520.96	-548.82	-430.56	-438.04	-309.78
Other Financing Activities	331.96	-1,121	-278.87	-408.07	823.15	676.34
Financing Cash Flow	-559	-1,598	-3,682	-3,248	-1,277	-2,405
Net Cash Flow	-193.21	-1,159	-1,581	1,755	1,860	22.95
Free Cash Flow	-90.23	28.18	2,232	5,080	3,208	2,468
Free Cash Flow Growth	-	-98.74%	-56.06%	58.33%	30.02%	-40.08%
FCF Margin	-0.27%	0.08%	6.30%	14.84%	9.53%	9.10%
Free Cash Flow Per Share	-0.36	0.11	8.20	17.93	11.07	8.05
Levered Free Cash Flow	-583.83	1,422	1,411	3,623	2,122	1,749
Unlevered Free Cash Flow	-788.92	-509.11	1,726	4,997	3,326	2,549

Updated Feb 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q