Skip to main content
logo
Lennar Corporation (LEN)
NYSE: LEN · Real-Time Price · USD
79.70
+1.34 (1.71%)
At close: Sep 17, 2026, 4:00 PM EDT
79.59
-0.11 (-0.14%)
After-hours: Sep 17, 2026, 7:59 PM EDT

Lennar Cash Flow Statement

Millions USD. Fiscal year is Dec - Nov.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
May '26 Feb '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Nov '22 Aug '22 May '22 Feb '22 Nov '21
Net Income
304.77229.38490.24590.97477.45519.531,0961,163954.31719.331,3611,109871.69596.531,3221,4671,321503.581,190
Depreciation & Amortization
35.3233.3934.9834.1733.8331.3330.4129.3728.6127.1429.0237.1123.7320.3129.1518.419.4320.0920.11
Other Amortization
0.810.110.09--0.05-0.090.15---0.54-0.5-0.85-0.84-----
Loss (Gain) From Sale of Assets
57.89-41.796.1-12.1321.57-53.8130.69-33.15-28.143.38-13.384.3-12.3531.46-8.1114.32-7.9227.39-24.28
Asset Writedown & Restructuring Costs
70.1938.1399.3357.1761.4728.2617.4999.2519.926.6128.8911.3359.2725.8583.4512.643.111.519.68
Loss (Gain) From Sale of Investments
22.91-14.84-114.6-86.43-6.4571.43-32.04-41.73.962.5698.4113.13-20.3721.3793.5495.8587.66395.17166.8
Loss (Gain) on Equity Investments
-9.7-36.61-13.74-2.63-3.63-21.65109.13-173.4116.7838.9759.0941.0561.7935.8126.3648.6418.0414.5721.01
Stock-Based Compensation
26.2762.3825.1325.5128.7784.0922.5831.9134.5187.6821.112.8940.1786.5629.3838.235.0581.4629.24
Other Operating Activities
22.648.187.7247.919.2832.66-35.6988.0230.6212.6140.3637.15-43.53-79.17-210.0271.47-27.1-48.79-93.99
Change in Accounts Receivable
-167.71296.2377.05-79.89-48.15117.75-105.04-55.13-348.15379.1-496.76-268.31-166.88602.76-258.02-290.63-254.26380.5-421.06
Change in Inventory
-436.85-652.021,164309.65-1,111-513.26422.61-76.52-346.16-285.022,14738.21245.33-156.232,182-779.81-1,201-1,914292.21
Change in Accounts Payable
131.93-403.76287.3-378.02-384.99-215.04556.87204.47-54.56-326.4256.03109.43-300.34-690.98520.17-95.75180.2496.46367.3
Change in Other Net Operating Assets
-342.837.62-394.11-664.88-182.77-370.24-1,139-416.54-69.97-338.08-942.15-192.92-97.2484.77-1,097-101.82-49.44359.47-337.08
Operating Cash Flow
-284.38-433.51,759-158.61-1,095-289.04974.51819.25241.76367.872,589951.87660.47978.212,714498.84124.84-72.231,220
Operating Cash Flow Growth (YoY)
--80.55%----62.36%-13.93%-63.40%-62.39%-4.61%90.81%429.05%-122.40%-16.05%-62.47%--5.68%

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
May '26 Feb '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Nov '22 Aug '22 May '22 Feb '22 Nov '21
Capital Expenditures
-18.86-29.99-85.21-32.17-15.22-56.04-41.37-18.41-38.81-72.93-46.19-22.34-25.85-5.42-29.68-16.67-5.09-5.78-25.23
Sale of Property, Plant & Equipment
-----------5.457.76-6.44-18.25-4.67
Cash Acquisitions
-----23.07-231.43-------------
Investment in Securities
2.8697.1935.1118.7173.58260.23-116.12109.08-101.89-82.83-17.93-20.84-34.6-31.3524.38-52.31-63.08-25.6430.47
Other Investing Activities
0.0826.1696.024.1110.4440.2630.0112.7313.625.09----1.4---0.02
Investing Cash Flow
-15.9293.3645.93-7.25161.3921.49-125.7397.96-126.87-147.92-62.02-34.39-44.22-36.363.17-66.7-44.78-19.9926.08

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
May '26 Feb '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Nov '22 Aug '22 May '22 Feb '22 Nov '21
Long-Term Debt Issued
---------6.23---------
Total Debt Issued
173.44-5707401,100--6.23-06.2328.71---409.07---262.11
Long-Term Debt Repaid
--611.4----561.43----618.77----990.08----547.44-
Total Debt Repaid
586.73-611.4-82.74439.38-493.72-561.43386.01131.99-729.48-618.77476.78-532.7-180.26-990.08225.58-422120.78-547.44-532.19
Net Debt Issued (Repaid)
760.17-611.4487.261,179606.28-561.43379.78131.99-729.47-612.54505.49-532.7-180.26-990.08634.64-422120.78-547.44-270.08
Repurchase of Common Stock
-467.09-269.71-0.06-512.42-521.42-774.48-527.16-524.6-609.61-595.1-341.1-376.31-207.34-257.96-120.63-13.14-324.24-581.3-977.7
Common Dividends Paid
-123.06-123.48-126.6-129.12-133.59-131.65-134.66-135.85-138.93-139.39-105.2-107.08-110.39-107.89-108.32-108.75-110.85-110.12-75.79
Other Financing Activities
-90.75-91.2-92.29-94-126.65-667.09112.331.0123.04-182.4-139.47-93.19-76.59-127.54141.36109.66182.08-19.02220.76
Financing Cash Flow
79.27-1,096268.32443.84-175.37-2,135-169.71-527.45-1,455-1,529-80.28-1,109-574.57-1,483547.06-434.22-132.23-1,258-1,103

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
May '26 Feb '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Nov '22 Aug '22 May '22 Feb '22 Nov '21
Net Cash Flow
-221.03-1,4362,074277.98-1,109-2,402679.07389.76-1,340-1,3092,447-191.8141.69-541.613,264-2.08-52.17-1,350143.69

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
May '26 Feb '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Nov '22 Aug '22 May '22 Feb '22 Nov '21
Free Cash Flow
-303.24-463.491,674-190.78-1,110-345.09933.14800.84202.95294.942,543929.52634.63972.782,685482.17119.76-78.011,195
Free Cash Flow Growth (YoY)
--79.42%----63.31%-13.84%-68.02%-69.68%-5.27%92.78%429.94%-124.61%-16.67%-62.20%--5.45%
Free Cash Flow Margin
-3.82%-7.00%17.87%-2.17%-13.25%-4.52%9.38%8.51%2.31%4.03%23.18%10.65%7.89%14.99%26.38%5.40%1.43%-1.26%14.17%
Free Cash Flow Per Share
-1.26-1.906.63-0.75-4.26-1.313.492.960.741.069.103.292.233.409.341.670.41-0.273.97
Levered Free Cash Flow
-517.88-1,9193,780-357.15201.455,635628.15518.43-3.27-385.941,588267.6759.421,3991,985163.3-318.19-215.26696.12
Unlevered Free Cash Flow
-518.69-1,9193,788-357.15201.55,635639.73518.43-3.27-385.941,597268.11760.271,4001,997163.3-318.19-215.26708.71

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
May '26 Feb '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Nov '22 Aug '22 May '22 Feb '22 Nov '21
Cash Interest Paid
--50.14---54.92---81.22---67.84---47.72
Cash Income Tax Paid
--988.54---790.48---1,865---1,273---1,141
Change in Working Capital
-815.46-751.931,134-813.13-1,727-980.78-264.43-343.71-818.84-570.4963.89-313.59-319.08240.321,348-1,268-1,324-1,077-98.63
SEC Filings: 10-K · 10-Q