v3.25.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2025
May 31, 2024
May 31, 2025
May 31, 2024
Revenues [Abstract]        
Revenues $ 8,377,502 $ 8,765,592 $ 16,009,047 $ 16,078,522
Cost and expenses:        
Corporate general and administrative 155,853 156,982 303,231 314,303
Charitable foundation contribution 20,131 19,690 37,965 36,488
Total costs and expenses 7,749,056 7,546,884 14,684,762 13,958,718
Equity in earnings (losses) from unconsolidated entities 12,116 (4,309) 45,351 (34,854)
Other income, net and other gains 30,759 68,172 62,426 133,544
Earnings before income taxes 641,881 1,261,057 1,340,119 2,191,843
Provision for income taxes (160,061) (300,471) (329,586) (511,336)
Net earnings (including net earnings attributable to noncontrolling interests) 481,820 960,586 1,010,533 1,680,507
Less: Net earnings attributable to noncontrolling interests 4,371 6,275 13,558 6,862
Net earnings attributable to Lennar 477,449 954,311 996,975 1,673,645
Other comprehensive income (loss), net of tax:        
Net unrealized gains (losses) on securities available-for-sale (1,332) 1,355 (1,510) 1,717
Total other comprehensive income (loss), net of tax (1,332) 1,355 (1,510) 1,717
Total comprehensive income attributable to Lennar 476,117 955,666 995,465 1,675,362
Operating Segments        
Revenues [Abstract]        
Revenues 8,377,502 8,765,592 16,009,047 16,078,522
Homebuilding | Operating Segments        
Revenues [Abstract]        
Revenues 7,843,862 8,381,059 15,127,732 15,312,050
Cost and expenses:        
Cost and expenses 7,147,552 7,106,455 13,687,512 13,083,991
Lennar Financial Services | Operating Segments        
Revenues [Abstract]        
Revenues 298,098 281,723 575,175 531,443
Cost and expenses:        
Cost and expenses 140,818 134,711 274,412 253,135
Multifamily | Operating Segments        
Revenues [Abstract]        
Revenues 230,305 99,500 293,501 229,177
Cost and expenses:        
Cost and expenses 254,677 102,205 328,053 234,872
Lennar Other | Operating Segments        
Revenues [Abstract]        
Revenues 5,237 3,310 12,639 5,852
Cost and expenses:        
Cost and expenses 30,025 26,841 53,589 35,929
Lennar Other realized and unrealized losses from technology investments $ (29,440) $ (21,514) $ (91,943) $ (26,651)