Lennar Corporation (LEN)
NYSE: LEN · Real-Time Price · USD
77.60
+1.47 (1.93%)
At close: Oct 8, 2026, 4:00 PM EDT
77.94
+0.34 (0.44%)
Pre-market: Oct 9, 2026, 7:00 AM EDT
Lennar Cash Flow Statement
Financials in millions USD. Fiscal year is December - November.
Millions USD. Fiscal year is Dec - Nov.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | 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 |
Net Income | 1,308 | 2,078 | 3,933 | 3,939 | 4,614 | 4,430 |
Depreciation & Amortization | 139.59 | 134.31 | 115.53 | 110.16 | 87.08 | 85.95 |
Other Amortization | 0.09 | 0.09 | 0.15 | -1.65 | -2.16 | - |
Loss (Gain) From Sale of Assets | 135.62 | 51.72 | 12.82 | 10.03 | 25.67 | -19.24 |
Asset Writedown & Restructuring Costs | 323.25 | 246.22 | 143.27 | 125.34 | 110.69 | 25.7 |
Loss (Gain) From Sale of Investments | -48.79 | -136.06 | -67.23 | 112.54 | 672.21 | -681.74 |
Loss (Gain) on Equity Investments | -61.4 | -41.65 | -8.53 | 197.74 | 107.6 | -3.01 |
Stock-Based Compensation | 143.04 | 163.49 | 176.68 | 160.72 | 184.09 | 134.62 |
Other Operating Activities | 146.35 | 107.42 | 95.55 | -45.19 | -212.28 | 211.29 |
Change in Accounts Receivable | 410.22 | 66.76 | -129.21 | -329.19 | -422.4 | -289.78 |
Change in Inventory | -574.74 | -150.92 | -285.1 | 2,274 | -1,712 | -1,184 |
Change in Accounts Payable | -83.94 | -690.75 | 380.38 | -625.86 | 701.11 | 881.31 |
Change in Other Net Operating Assets | -900.26 | -1,612 | -1,963 | -747.49 | -888.31 | -1,058 |
Operating Cash Flow | 937.3 | 216.81 | 2,403 | 5,180 | 3,266 | 2,533 |
Operating Cash Flow Growth | - | -90.98% | -53.60% | 58.61% | 28.94% | -39.56% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | 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 |
Capital Expenditures | -126.03 | -188.63 | -171.5 | -99.8 | -57.21 | -65.17 |
Sale of Property, Plant & Equipment | - | - | - | - | 24.69 | 41.55 |
Cash Acquisitions | - | -254.49 | - | - | - | - |
Divestitures | - | - | - | - | - | 3.33 |
Investment in Securities | 160.88 | 387.62 | -191.76 | -104.73 | -116.66 | -114.21 |
Other Investing Activities | 125.47 | 150.82 | 61.44 | 13.22 | 1.4 | 0.02 |
Investing Cash Flow | 160.33 | 221.57 | -302.56 | -176.98 | -128.3 | -105.09 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | 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 |
Long-Term Debt Issued | - | 2,410 | - | 28.71 | 409.07 | 276.08 |
Long-Term Debt Repaid | - | -698.51 | -830.24 | -1,226 | -623.08 | -1,355 |
Net Debt Issued (Repaid) | 497.55 | 1,711 | -830.24 | -1,198 | -214.01 | -1,079 |
Repurchase of Common Stock | -992.75 | -1,808 | -2,256 | -1,183 | -1,039 | -1,430 |
Common Dividends Paid | -492.54 | -520.96 | -548.82 | -430.56 | -438.04 | -309.78 |
Other Financing Activities | -367.99 | -980.02 | -46.03 | -436.78 | 414.08 | 414.24 |
Financing Cash Flow | -1,356 | -1,598 | -3,682 | -3,248 | -1,277 | -2,405 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | 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 |
Net Cash Flow | -258.11 | -1,159 | -1,581 | 1,755 | 1,860 | 22.95 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | 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 |
Free Cash Flow | 811.27 | 28.18 | 2,232 | 5,080 | 3,208 | 2,468 |
Free Cash Flow Growth | - | -98.74% | -56.06% | 58.33% | 30.02% | -40.08% |
Free Cash Flow Margin | 2.54% | 0.08% | 6.30% | 14.84% | 9.53% | 9.10% |
Free Cash Flow Per Share | 3.33 | 0.11 | 8.21 | 17.93 | 11.07 | 8.05 |
Levered Free Cash Flow | 1,227 | 9,352 | 833.74 | 4,052 | 1,682 | 1,313 |
Unlevered Free Cash Flow | 1,236 | 9,361 | 845.32 | 4,064 | 1,696 | 1,326 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | 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 Interest Paid | 50.14 | 50.14 | 54.92 | 81.22 | 67.84 | 47.72 |
Cash Income Tax Paid | 988.54 | 988.54 | 790.48 | 1,865 | 1,273 | 1,141 |
Change in Working Capital | -1,149 | -2,387 | -1,997 | 571.54 | -2,321 | -1,651 |