7Baggers
Quarterly
Annual
    Unit: USD2025-08-31 2025-05-31 2025-02-28 2024-11-30 2024-08-31 2024-05-31 2024-02-29 2023-11-30 2023-08-31 2023-05-31 2023-02-28 2022-11-30 2022-08-31 2022-05-31 2022-02-28 2021-11-30 2021-08-31 2021-05-31 2021-02-28 2020-11-30 2020-08-31 2020-05-31 2020-02-29 2019-11-30 2019-08-31 2018-11-30 2015-11-30 2014-11-30 2013-11-30 2012-11-30 2010-11-30 2009-08-31 2009-05-31 2008-11-30 2007-11-30 2006-11-30 2005-01-30 2004-11-30 
      
    		                                      
      assets
    		                                      
      homebuilding:
    		                                      
      cash and cash equivalents
    		1,406,215,000 1,168,143,000 2,283,928,000 4,662,643,000 4,037,405,000 3,597,493,000 4,950,128,000 6,273,724,000 3,887,809,000 4,004,679,000 4,057,956,000 4,616,124,000 1,309,364,000 1,314,741,000 1,366,597,000 2,735,213,000 2,623,320,000 2,581,583,000 2,421,411,000 2,703,986,000 1,966,796,000 1,398,682,000 784,950,000 1,200,832,000 795,405,000 1,337,807,000 893,408,000 885,729,000 695,424,000 1,146,867,000 1,207,247,000 1,336,739,000 1,447,011,000 1,091,468,000     
      restricted cash
    		29,928,000 23,987,000 22,487,000 11,799,000 12,600,000 11,572,000 12,635,000 13,481,000 16,201,000 19,000,000 22,504,000 23,046,000 32,575,000 28,440,000 27,025,000 21,927,000 21,519,000 35,637,000 17,878,000 15,211,000 11,959,000 9,569,000 8,666,000 9,698,000 13,238,000 12,399,000 13,505,000 9,849,000 36,150,000 8,096,000 8,195,000 11,315,000 9,604,000 8,828,000 35,429,000 24,796,000 22,681,000  
      receivables
    		948,295,000 995,664,000 1,063,934,000 1,053,211,000 995,417,000 898,301,000 897,371,000 887,992,000 843,750,000 619,720,000 559,939,000 673,980,000 665,472,000 508,638,000 456,185,000 490,278,000 369,492,000 353,910,000 300,134,000 298,671,000 295,958,000 299,494,000 311,817,000 329,124,000 295,418,000 236,841,000 74,538,000 93,444,000 51,935,000 53,745,000 78,419,000 110,983,000 77,226,000 94,520,000 207,691,000 159,043,000 299,232,000 153,285,000 
      inventories:
    		                                      
      finished homes and construction in progress
    		10,049,466,000 10,104,530,000 9,091,705,000 10,884,861,000 11,373,606,000 11,729,673,000 11,092,036,000 10,455,666,000 12,368,338,000 12,190,243,000 11,945,232,000 11,718,507,000 13,043,631,000 12,811,985,000 11,587,394,000 10,446,139,000 10,891,592,000 10,418,116,000 9,320,283,000 8,593,399,000 9,288,624,000 9,609,146,000 10,110,009,000 9,195,721,000 10,256,011,000 8,681,357,000 3,957,167,000 3,082,345,000 2,269,116,000 1,625,048,000 1,491,292,000 1,549,716,000 1,726,784,000 2,080,345,000 2,180,670,000 4,447,748,000 4,625,563,000 3,140,520,000 
      land and land under development
    		1,069,620,000 1,270,931,000 1,062,369,000 4,750,025,000 4,872,341,000 4,418,285,000 4,734,113,000 4,904,541,000 6,993,835,000 7,114,082,000 7,459,185,000 7,382,273,000 7,849,160,000 7,590,237,000 7,758,804,000 7,108,142,000 7,210,032,000 7,090,880,000 7,564,900,000 7,495,262,000 7,987,149,000 7,938,451,000 8,116,047,000 8,267,647,000 8,240,076,000 8,178,388,000 4,724,578,000 4,601,802,000 3,871,773,000 3,119,804,000 2,223,300,000        
      inventory owned
    		11,119,086,000 11,375,461,000 10,154,074,000 15,634,886,000 16,245,947,000 16,147,958,000 15,826,149,000 15,360,207,000                               
      consolidated inventory not owned
    		2,258,568,000 2,660,686,000 3,454,642,000 4,084,665,000 3,842,592,000 3,753,542,000 3,547,921,000 2,992,528,000 2,687,343,000 2,382,495,000 2,223,469,000 2,331,231,000 1,949,718,000 1,687,277,000 1,246,504,000 1,161,023,000 1,004,319,000 910,003,000 807,759,000 836,567,000 395,489,000 399,809,000 417,424,000 313,139,000 352,083,000 208,959,000 58,851,000 52,453,000 460,159,000 326,861,000 455,016,000 608,110,000 620,648,000 678,338,000 819,658,000 372,327,000 370,505,000 275,795,000 
      inventory owned and consolidated inventory not owned
    		13,377,654,000 14,036,147,000 13,608,716,000 19,719,551,000 20,088,539,000 19,901,500,000 19,374,070,000 18,352,735,000                               
      deposits and pre-acquisition costs on real estate
    		6,012,493,000 5,265,591,000 5,161,259,000 3,625,372,000 2,980,035,000 2,754,819,000 2,408,877,000 2,002,154,000                               
      investments in unconsolidated entities
    		2,648,329,000 2,699,981,000 2,645,734,000 1,344,836,000 1,309,622,000 1,263,905,000 1,206,564,000 1,143,909,000 1,157,021,000 1,137,189,000 1,178,802,000 1,173,164,000 1,174,498,000 1,083,813,000 1,066,256,000 972,084,000 983,429,000 1,010,256,000 1,077,353,000 953,177,000 940,695,000 973,044,000 946,716,000 1,009,035,000 1,002,936,000 996,926,000 741,551,000 656,837,000 716,949,000 565,360,000 626,185,000 650,878,000 656,280,000 766,752,000 934,271,000 1,447,178,000 1,282,686,000 856,422,000 
      goodwill
    		3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000 3,442,359,000          196,638,000 195,156,000  
      other assets
    		1,798,459,000 1,759,645,000 1,657,511,000 1,734,698,000 1,616,314,000 1,540,507,000 1,473,563,000 1,512,038,000 1,578,692,000 1,582,299,000 1,412,654,000 1,323,478,000 1,163,519,000 1,226,192,000 1,141,362,000 1,090,654,000 1,034,691,000 1,030,681,000 1,162,564,000 1,190,793,000 1,137,137,000 1,080,186,000 1,061,852,000 1,021,684,000 1,158,325,000 1,355,782,000 609,222,000 672,589,000 748,629,000 956,070,000 307,810,000 260,807,000 93,769,000 99,802,000 1,744,677,000 474,090,000 266,747,000 432,574,000 
      financial services
    		3,368,588,000 3,059,237,000 3,000,778,000 3,516,550,000 3,093,873,000 3,043,941,000 3,056,442,000 3,566,546,000 2,334,594,000 2,264,658,000 2,213,421,000 3,254,257,000 2,523,970,000 2,359,675,000 2,183,333,000 2,964,367,000 2,282,873,000 2,066,674,000 2,217,551,000 2,776,987,000 2,209,549,000 2,577,805,000 2,375,564,000 3,006,024,000 2,329,786,000       494,658,000 656,126,000 607,978,000 1,037,809,000 1,613,376,000 1,701,635,000 1,258,457,000 
      multifamily
    		1,001,478,000 1,133,255,000 1,275,152,000 1,306,818,000 1,310,555,000 1,377,243,000 1,379,279,000 1,381,513,000 1,354,587,000 1,309,548,000 1,266,777,000 1,257,337,000 1,267,908,000 1,277,607,000 1,250,570,000 1,311,747,000 1,226,692,000 1,209,270,000 1,183,720,000 1,175,908,000 1,184,086,000 1,127,929,000 1,113,903,000 1,068,831,000 1,020,842,000              
      lennar other
    		844,603,000 790,537,000 824,245,000 894,944,000 854,263,000 836,030,000 749,911,000 657,852,000 773,596,000 791,415,000 790,856,000 788,539,000 917,703,000 975,238,000 1,108,863,000 1,463,845,000 1,653,872,000 1,073,858,000 1,036,068,000 452,857,000 455,484,000 452,551,000 484,392,000 495,417,000 552,968,000              
      total assets
    		34,878,401,000 34,374,546,000 34,986,103,000 41,312,781,000 39,740,982,000 38,667,670,000 38,951,199,000 39,234,303,000 37,438,125,000 36,857,687,000 36,573,154,000 37,984,295,000 35,339,877,000 34,306,202,000 32,635,252,000 33,207,778,000 32,744,190,000 31,223,227,000 30,551,980,000 29,935,177,000 29,315,285,000 29,309,025,000 29,173,699,000 29,359,511,000 29,459,447,000 28,566,181,000 14,419,509,000 12,958,267,000 11,273,247,000 10,362,206,000 8,787,851,000 7,088,339,000 7,282,987,000 7,424,898,000 9,102,747,000 12,408,266,000 12,541,225,000 9,165,280,000 
      liabilities and equity
    		                                      
      accounts payable
    		1,521,244,000 2,126,002,000 1,926,358,000 1,839,440,000 1,788,117,000 1,727,358,000 1,565,464,000 1,631,401,000 1,721,530,000 1,700,895,000 1,490,808,000 1,616,128,000 1,552,583,000 1,555,283,000 1,321,148,000 1,321,247,000 1,230,577,000 1,171,358,000 1,037,266,000 1,037,338,000  1,033,558,000          216,239,000 199,596,000 246,727,000 376,134,000 751,496,000 876,830,000  
      liabilities related to consolidated inventory not owned
    		1,987,263,000 2,317,996,000 3,037,085,000 3,563,934,000 3,343,871,000 3,227,478,000 3,043,888,000 2,540,894,000 2,300,686,000 2,014,506,000 1,867,373,000 1,967,551,000 1,661,927,000 1,414,663,000 1,038,561,000 976,602,000 841,539,000 769,225,000 671,235,000 706,691,000  344,074,000          532,045,000 543,177,000 592,777,000 719,081,000 333,723,000 306,445,000 222,769,000 
      senior notes and other debts payable
    		3,523,766,000 2,791,987,000 2,211,272,000 2,258,283,000   2,830,332,000 2,816,482,000 3,320,119,000 3,852,258,000 4,033,335,000 4,047,294,000 4,057,496,000 4,645,791,000 4,639,222,000 4,652,338,000 5,542,513,000 5,894,342,000 5,976,168,000 5,955,758,000  7,495,674,000          2,665,796,000 2,664,853,000 2,544,935,000 2,295,436,000 2,613,503,000 2,592,772,000 2,021,014,000 
      other liabilities
    		2,809,923,000 2,584,497,000 3,076,776,000 3,201,552,000 2,727,342,000 2,513,173,000 2,689,263,000 2,739,217,000 2,600,807,000 2,433,038,000 2,937,472,000 3,347,673,000 2,836,442,000 2,997,475,000 3,022,840,000 2,920,055,000 2,716,872,000 2,281,508,000 2,459,332,000 2,225,864,000  1,900,970,000          756,204,000 760,683,000 834,873,000 1,129,791,000 1,590,564,000 1,997,824,000  
      total liabilities
    		12,126,846,000 11,642,664,000 12,118,759,000 13,291,556,000 12,183,274,000 11,651,917,000 12,173,269,000 12,532,337,000 11,649,583,000 11,696,568,000 12,017,867,000 13,743,928,000 12,212,339,000 12,516,428,000 11,787,820,000 12,211,496,000 11,964,651,000 11,521,129,000 11,534,529,000 11,835,776,000  12,676,401,000          4,510,988,000 4,642,482,000 4,636,145,000 5,252,100,000 6,651,501,000 7,211,571,000 5,112,308,000 
      commitments and contingent liabilities
    		                                      
      stockholders’ equity:
    		                                      
      preferred stock
    		                                      
      class a common stock
    		26,153,000 26,136,000 26,133,000 25,998,000 25,998,000 25,996,000 25,983,000 25,848,000 25,844,000 25,843,000 25,834,000 25,608,000 25,582,000 25,582,000 30,243,000 30,050,000 30,050,000 30,049,000 30,047,000 29,894,000  29,804,000          16,354,000 15,538,000 14,050,000 13,931,000   12,372,000 
      class b common stock
    		3,660,000 3,660,000 3,660,000 3,660,000 3,660,000 3,660,000 3,660,000 3,660,000 3,660,000 3,660,000 3,660,000 3,660,000 3,660,000 3,660,000 3,944,000 3,944,000 3,944,000 3,944,000 3,944,000 3,944,000  3,944,000          3,296,000 3,296,000 3,296,000 3,296,000   3,260,000 
      additional paid-in capital
    		5,884,528,000 5,842,732,000 5,812,802,000 5,729,434,000 5,706,711,000 5,674,733,000 5,651,836,000 5,570,009,000 5,561,793,000 5,546,128,000 5,503,789,000 5,417,796,000 5,388,413,000 5,355,182,000 8,855,151,000 8,807,891,000 8,778,609,000 8,755,020,000 8,724,192,000 8,676,056,000  8,630,442,000          2,199,384,000 2,097,582,000 1,944,626,000 1,920,386,000 1,753,695,000 1,526,420,000 1,277,780,000 
      retained earnings
    		22,107,836,000 21,645,991,000 21,302,131,000 25,753,078,000 24,791,519,000 23,764,695,000 22,949,315,000 22,369,368,000 21,113,282,000 20,111,368,000 19,350,060,000 18,861,417,000 17,647,293,000 16,288,698,000 15,078,788,000 14,685,329,000 13,570,626,000 12,241,400,000 11,488,520,000 10,564,994,000  9,132,714,000          800,180,000 978,789,000 1,273,159,000 2,496,933,000 4,539,137,000 4,046,563,000 2,780,637,000 
      treasury stock
    		-5,457,876,000 -4,945,458,000 -4,424,039,000 -3,649,564,000 -3,122,408,000 -2,597,806,000 -1,988,200,000 -1,393,100,000 -1,052,000,000 -675,686,000 -468,347,000 -210,389,000 -89,760,000 -76,615,000 -3,290,748,000 -2,709,448,000 -1,731,741,000 -1,452,874,000 -1,348,710,000 -1,279,227,000  -1,253,863,000          -613,254,000 -613,199,000 -612,124,000 -610,366,000 -606,395,000 -293,222,000 -3,938,000 
      accumulated other comprehensive income
    		6,019,000 6,019,000 7,351,000 7,529,000 7,040,000 6,596,000 5,241,000 4,879,000 4,040,000 3,832,000 3,259,000 2,408,000 2,090,000 1,748,000 1,686,000     -805,000  -338,000                 
      total stockholders’ equity
    		22,570,320,000 22,579,080,000 22,728,038,000 27,870,135,000 27,412,520,000 26,877,874,000 26,647,835,000 26,580,664,000 25,656,619,000 25,015,145,000 24,418,255,000 24,100,500,000 22,977,278,000 21,598,255,000 20,679,064,000 20,816,425,000 20,650,188,000 19,576,108,000 18,896,246,000 17,994,856,000  16,542,703,000          2,405,960,000 2,482,006,000 2,623,007,000 3,822,119,000 5,701,372,000 5,251,411,000 4,052,972,000 
      noncontrolling interests
    		181,235,000 152,802,000 139,306,000 151,090,000 145,188,000 137,879,000 130,095,000 121,302,000 131,923,000 145,974,000 137,032,000 139,867,000 150,260,000 191,519,000 168,368,000 179,857,000 129,351,000 125,990,000 121,205,000 104,545,000  89,921,000                 
      total equity
    		22,751,555,000 22,731,882,000 22,867,344,000 28,021,225,000 27,557,708,000 27,015,753,000 26,777,930,000 26,701,966,000 25,788,542,000 25,161,119,000 24,555,287,000 24,240,367,000 23,127,538,000 21,789,774,000 20,847,432,000 20,996,282,000 20,779,539,000 19,702,098,000 19,017,451,000 18,099,401,000  16,632,624,000                 
      total liabilities and equity
    		34,878,401,000 34,374,546,000 34,986,103,000 41,312,781,000 39,740,982,000 38,667,670,000 38,951,199,000 39,234,303,000 37,438,125,000 36,857,687,000 36,573,154,000 37,984,295,000 35,339,877,000 34,306,202,000 32,635,252,000 33,207,778,000 32,744,190,000 31,223,227,000 30,551,980,000 29,935,177,000  29,309,025,000                 
      senior notes and other debt payable
    		    2,263,256,000 2,241,507,000                                 
      total inventories
    		        22,049,516,000 21,686,820,000 21,627,886,000 21,432,011,000 22,842,509,000 22,089,499,000 20,592,702,000 18,715,304,000 19,105,943,000 18,418,999,000 17,692,942,000 16,925,228,000 17,671,262,000 17,947,406,000 18,643,480,000 17,776,507,000 18,848,170,000 17,068,704,000 8,740,596,000 7,736,600,000 6,601,048,000 5,071,713,000 4,169,608,000 4,221,458,000 4,341,984,000 4,500,090,000 4,500,403,000 7,831,483,000 7,863,531,000 5,142,070,000 
      accumulated other comprehensive loss
    		               -1,341,000 -1,300,000 -1,431,000 -1,747,000                -2,061,000 -2,041,000 -5,221,000 -14,575,000 
      lennar homebuilding:
    		                                      
      lennar financial services
    		                         2,346,899,000 1,425,837,000 1,177,053,000 796,710,000 912,995,000 608,990,000        
      lennar multifamily
    		                         874,219,000 415,352,000 268,014,000 147,089,000          
      rialto
    		                         894,245,000 1,505,500,000            
      rialto:
    		                                      
      loans receivable
    		                           130,105,000 278,392,000 436,535,000 1,219,314,000        
      loans held-for-sale
    		                           113,596,000 44,228,000          
      real estate owned - held-for-sale
    		                           190,535,000 197,851,000 134,161,000         
      real estate owned - held-and-used
    		                           255,795,000 428,989,000 601,022,000         
      rialto investments:
    		                                      
      defeasance cash to retire notes payable
    		                             223,813,000 101,309,000        
      income tax receivables
    		                              3,783,000 1,501,000 987,000 255,460,000     
      real estate owned
    		                              258,104,000        
      land under development
    		                               2,063,632,000 1,994,552,000 1,741,407,000 1,500,075,000 3,011,408,000 2,867,463,000 1,725,755,000 
      liabilities and stockholders’ equity
    		                                      
      minority interest
    		                               171,391,000 158,499,000 165,746,000 28,528,000 55,393,000 78,243,000  
      total liabilities and stockholders’ equity
    		                               7,088,339,000 7,282,987,000 7,424,898,000 9,102,747,000 12,408,266,000 12,541,225,000 9,165,280,000 
      deferred compensation plan; 2007—36 class a common shares and 4 class b common shares
    		                                      
      deferred compensation liability
    		                                  332,000 1,586,000 4,047,000 6,410,000 
      cash
    		                                  642,467,000 661,662,000 909,557,000 1,322,472,000 
      deferred compensation plan; 2007—36 class a common shares and 4 class b common shares; 2006—172 class a common shares and 17 class b common shares
    		                                  -332,000    
      authorized: 2006 and 2005-300,000 shares
    		                                      
      issued: 2006-136,886 shares; 2005-130,247 shares
    		                                   13,689,000   
      authorized: 2006 and 2005-90,000 shares
    		                                      
      issued: 2006-32,874 shares; 2005-32,781 shares
    		                                   3,287,000   
      deferred compensation plan; 2006-172 class a common shares and 17 class b common shares; 2005-439 class a common shares and 44 class b common shares
    		                                   -1,586,000   
      authorized: 2005 and 2004-300,000 shares
    		                                      
      issued: 2005-130,247 shares; 2004-123,722 shares
    		                                    13,025,000  
      authorized: 2005 and 2004-90,000 shares
    		                                      
      issued: 2005-32,781 shares; 2004-32,598 shares
    		                                    3,278,000  
      unearned compensation
    		                                    -39,432,000 -2,564,000 
      deferred compensation plan; 2005-439 class a common shares and 44 class b common shares; 2004-695 class a common shares and 70 class b common shares
    		                                    -4,047,000  
      accounts payable and other liabilities
    		                                     1,830,047,000 
      deferred compensation plan –2004-695 class a common shares and 70 class b common shares; 2003-534 class a common shares and 53 class b common shares
    		                                     -6,410,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.