Lennar Cash Flow Statement
NYSE: LENConsumer DiscretionaryHomebuildingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lennar free cash flow
In fiscal 2025, Lennar generated $216.8 million of operating cash flow and spent $188.6 million on capital expenditures. That left free cash flow of $28.2 million, a free-cash-flow margin of 0.1% of revenue. Free cash flow was down 98.7% from the prior year's $2.23 billion.
Lennar returned $2.33 billion to shareholders: $521.0 million in dividends and $1.81 billion in share repurchases, equal to 8265% of free cash flow. Free cash flow covered dividend payments 0.1 times.
Summary generated from market data by MetaCap's automated system. Methodology
Lennar cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-11-30 | FY 20242024-11-30 | FY 20232023-11-30 | FY 20222022-11-30 | FY 20212021-11-30 | FY 20202020-11-30 | FY 20192019-11-30 | FY 20182018-11-30 | FY 20172017-11-30 | FY 20162016-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 2.11B | 3.97B | 3.96B | 4.65B | 4.46B | 2.47B | 1.84B | 1.72B | 771.75M | 913.09M |
| Net Income growth (YoY) | -46.86% | +0.16% | -14.78% | +4.31% | +80.61% | +33.95% | +7.26% | +122.55% | -15.48% | +11.46% |
| Depreciation & Amortization | 134.31M | 115.53M | 110.16M | 87.08M | 85.95M | 94.55M | 92.20M | 91.18M | 66.32M | 50.22M |
| Stock-Based Compensation | 163.49M | 176.68M | 160.72M | 184.09M | 134.62M | 107.13M | 86.94M | 72.66M | 61.36M | 55.52M |
| Change in Working Capital | -960.98M | -147.20M | 1.23B | -1.45B | -713.62M | 1.16B | -395.73M | -179.18M | -96.25M | -784.87M |
| Operating Cash Flow | 216.81M | 2.40B | 5.18B | 3.27B | 2.53B | 4.19B | 1.48B | 1.69B | 982.37M | 507.80M |
| Capital Expenditures | -188.63M | -171.50M | -99.80M | -57.21M | -65.17M | -72.75M | -86.50M | -130.44M | -111.77M | -76.44M |
| Investing Cash Flow | 221.57M | -302.56M | -176.98M | -128.30M | -105.09M | -280.20M | 19.60M | -593.95M | -845.08M | -85.84M |
| Dividends Paid | -520.96M | -548.82M | -430.56M | -438.04M | -309.78M | -195.04M | -51.45M | -49.16M | -37.61M | -35.32M |
| Share Repurchases | -1.81B | -2.26B | -1.18B | -1.04B | -1.43B | -321.52M | -523.07M | -299.83M | -27.05M | -19.90M |
| Debt Issued | 700.00M | 0 | 0 | — | — | — | 0 | 0 | 2.45B | 499.02M |
| Debt Repaid | -500.00M | -553.87M | -1.12B | -575.00M | -1.16B | -1.50B | -1.10B | -1.10B | -1.06B | -250.00M |
| Financing Cash Flow | -1.60B | -3.68B | -3.25B | -1.28B | -2.40B | -2.45B | -1.63B | -2.20B | 1.19B | -250.88M |
| Net Change in Cash | -1.16B | -1.58B | 1.76B | 1.86B | 22.95M | 1.46B | -127.28M | -1.10B | 1.33B | 171.08M |
| Free Cash Flow | 28.18M | 2.23B | 5.08B | 3.21B | 2.47B | 4.12B | 1.40B | 1.56B | 870.60M | 431.37M |
This table shows 10 annual periods of Lennar's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow LEN's reporting calendar. What is a cash flow statement?