Lennar Corporation (LEN)

Lennar Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Net Income	-	3,933	3,939	4,614	4,430
Depreciation & Amortization	-	115.53	110.16	87.08	85.95
Other Amortization	-	0.15	-1.65	-2.16	-
Loss (Gain) From Sale of Assets	-	12.82	10.03	25.67	-19.24
Asset Writedown & Restructuring Costs	-	143.27	125.34	110.69	25.7
Loss (Gain) From Sale of Investments	-	-67.23	112.54	672.21	-681.74
Loss (Gain) on Equity Investments	-	-8.53	197.74	107.6	-3.01
Stock-Based Compensation	-	176.68	160.72	184.09	134.62
Other Operating Activities	-	95.55	-45.19	-212.28	211.29
Change in Accounts Receivable	-	-129.21	-329.19	-422.4	-289.78
Change in Inventory	-	-285.1	2,274	-1,712	-1,184
Change in Accounts Payable	-	380.38	-625.86	701.11	881.31
Change in Other Net Operating Assets	-	-1,963	-747.49	-888.31	-1,058
Operating Cash Flow	-	2,403	5,180	3,266	2,533
Operating Cash Flow Growth	-	-53.60%	58.61%	28.94%	-39.56%
Capital Expenditures	-	-171.5	-99.8	-57.21	-65.17
Sale of Property, Plant & Equipment	-	61.44	13.22	24.69	41.55
Divestitures	-	-	-	-	3.33
Investment in Securities	-	-191.76	-104.73	-116.66	-114.21
Other Investing Activities	-	-	-	1.4	0.02
Investing Cash Flow	-	-302.56	-176.98	-128.3	-105.09
Long-Term Debt Issued	-	-	28.71	409.07	276.08
Long-Term Debt Repaid	-	-830.24	-1,226	-623.08	-1,355
Net Debt Issued (Repaid)	-	-830.24	-1,198	-214.01	-1,079
Repurchase of Common Stock	-	-2,256	-1,183	-1,039	-1,430
Common Dividends Paid	-	-548.82	-430.56	-438.04	-309.78
Other Financing Activities	-	-46.03	-436.78	414.08	414.24
Financing Cash Flow	-	-3,682	-3,248	-1,277	-2,405
Net Cash Flow	-	-1,581	1,755	1,860	22.95
Free Cash Flow	-	2,232	5,080	3,208	2,468
Free Cash Flow Growth	-	-56.06%	58.33%	30.02%	-40.08%
Free Cash Flow Margin	-	6.30%	14.84%	9.53%	9.10%
Free Cash Flow Per Share	-	8.21	17.93	11.07	8.05
Cash Interest Paid	-	54.92	81.22	67.84	47.72
Cash Income Tax Paid	-	790.48	1,865	1,273	1,141
Levered Free Cash Flow	-	3,793	4,321	3,416	1,313
Unlevered Free Cash Flow	-	3,805	4,332	3,430	1,326
Change in Working Capital	-	-1,997	571.54	-2,321	-1,651

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q