v3.25.2
Stockholders' Equity (Tables)
6 Months Ended
May 31, 2025
Equity [Abstract]  
Schedule of Changes in Equity
The following tables reflect the changes in equity attributable to both Lennar Corporation and the noncontrolling interests of its consolidated subsidiaries in which it has less than a 100% ownership interest for the three and six months ended May 31, 2025 and 2024:
Three Months Ended May 31, 2025
(In thousands)Total
Equity
Class A
Common Stock
Class B
Common Stock
Additional
Paid - in Capital
Treasury
Stock
Accumulated Other Comprehensive Income (Loss)Retained
Earnings
Noncontrolling
Interests
Balance at February 28, 2025$22,867,344 26,133 3,660 5,812,802 (4,424,039)7,351 21,302,131 139,306 
Net earnings (including net earnings attributable to noncontrolling interests)481,820 — — — — — 477,449 4,371 
Employee stock and directors plans
722 — 1,157 (438)— — — 
Purchases of treasury stock(520,981)— — — (520,981)— — — 
Amortization of restricted stock
28,773 — — 28,773 — — — — 
Cash dividends(133,589)— — — — — (133,589)— 
Receipts related to noncontrolling interests
9,701 — — — — — — 9,701 
Payments related to noncontrolling interests
(576)— — — — — — (576)
Total other comprehensive loss, net of tax(1,332)— — — — (1,332)— — 
Balance at May 31, 2025$22,731,882 26,136 3,660 5,842,732 (4,945,458)6,019 21,645,991 152,802 
Three Months Ended May 31, 2024
(In thousands)Total
Equity
Class A
Common Stock
Class B
Common Stock
Additional
Paid - in Capital
Treasury
Stock
Accumulated Other Comprehensive IncomeRetained
Earnings
Noncontrolling
Interests
Balance at February 29, 2024$26,777,930 25,983 3,660 5,651,836 (1,988,200)5,241 22,949,315 130,095 
Net earnings (including net earnings attributable to noncontrolling interests)960,586 — — — — — 954,311 6,275 
Employee stock and directors plans
(1,046)13 — 1,277 (2,336)— — — 
Purchases of treasury stock(607,270)— — — (607,270)— — — 
Amortization of restricted stock
34,506 — — 34,506 — — — — 
Cash dividends(138,931)— — — — — (138,931)— 
Receipts related to noncontrolling interests
8,926 — — — — — — 8,926 
Payments related to noncontrolling interests
(24,667)— — — — — — (24,667)
Non-cash purchase or activity of noncontrolling interests, net4,364 — — (12,886)— — — 17,250 
Total other comprehensive income, net of tax1,355 — — — — 1,355 — — 
Balance at May 31, 2024$27,015,753 25,996 3,660 5,674,733 (2,597,806)6,596 23,764,695 137,879 
The following table sets forth the repurchases of the Company's Class A and Class B common stock under the authorized repurchase programs:
Three Months Ended May 31,Six Months Ended May 31,
2025202420252024
(Dollars in thousands, except price per share amounts)Class AClass BClass AClass BClass AClass BClass AClass B
Shares repurchased4,501,936 204,515 3,393,475 406,525 9,271,936 663,320 6,419,603 780,397 
Total purchase price$495,230 $21,504 $543,276 $59,570 $1,139,849 $79,625 $998,064 $111,207 
Average price per share$110.00 $105.15 $160.09 $146.54 $122.94 $120.04 $155.47 $142.50