Lennar Quarterly Cash Flow Statement
NYSE: LENConsumer DiscretionaryHomebuildingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lennar free cash flow
In the quarter ended Aug 31, 2026, Lennar generated -$104.3 million of operating cash flow and spent $8.0 million on capital expenditures. That left free cash flow of -$96.3 million, a free-cash-flow margin of -1.2% of revenue. Lennar returned $375.3 million to shareholders: $119.4 million in dividends and $255.9 million in share repurchases.
Summary generated from market data by MetaCap's automated system. Methodology
Lennar cash flow statement (quarterly)
| Quarter (USD) | Q3 20262026-08-31 | Q2 20262026-05-31 | Q1 20262026-02-28 | Q4 20252025-11-30 | Q3 20252025-08-31 | Q2 20252025-05-31 | Q1 20252025-02-28 | Q4 20242024-11-30 | Q3 20242024-08-31 | Q2 20242024-05-31 | Q1 20242024-02-29 | Q4 20232023-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 285.49M | 308.13M | 233.36M | 497.96M | 599.81M | 481.82M | 528.71M | 1.10B | 1.19B | 960.59M | 719.92M | 1.37B |
| Net Income growth (YoY) | -52.40% | -36.05% | -55.86% | -54.73% | -49.48% | -49.84% | -26.56% | -19.56% | +6.30% | +9.44% | +20.13% | +1.74% |
| Depreciation & Amortization | 35.90M | 35.32M | 33.39M | 34.98M | 34.17M | 33.83M | 31.33M | 30.41M | 29.37M | 28.61M | 27.14M | 29.02M |
| Stock-Based Compensation | 29.26M | 26.27M | 62.38M | 25.13M | 25.50M | 28.77M | 84.08M | 22.58M | 31.91M | 34.51M | 87.68M | 21.10M |
| Change in Working Capital | -620.94M | -463.34M | -796.00M | 1.55B | -225.47M | -1.62B | -668.04M | 845.91M | -23.32M | -756.53M | -213.26M | 1.93B |
| Operating Cash Flow | -104.30M | -284.38M | -433.50M | 1.76B | -158.61M | -1.10B | -289.04M | 974.50M | 819.25M | 241.76M | 367.87M | 2.59B |
| Capital Expenditures | 8.02M | -18.86M | -29.99M | -85.20M | -32.16M | -15.22M | -56.04M | -41.37M | -18.41M | -38.81M | -72.92M | -46.19M |
| Investing Cash Flow | 36.95M | -15.92M | 93.36M | 45.93M | -7.25M | 161.39M | 21.49M | -125.73M | 97.96M | -126.87M | -147.91M | -62.02M |
| Dividends Paid | -119.40M | -123.06M | -123.48M | -126.60M | -129.12M | -133.59M | -131.65M | -134.66M | -135.85M | -138.93M | -139.39M | -105.20M |
| Share Repurchases | -255.90M | -467.09M | -269.71M | -57.00K | -512.42M | -521.42M | -774.48M | -527.16M | -524.60M | -609.61M | -595.10M | -341.10M |
| Debt Issued | 0 | — | — | 0 | 0 | — | — | 0 | 0 | — | — | — |
| Debt Repaid | -400.00M | — | — | 0 | 0 | — | — | 0 | 0 | — | — | -488.07M |
| Financing Cash Flow | -607.54M | 79.27M | -1.10B | 268.32M | 443.84M | -175.37M | -2.13B | -169.71M | -527.45M | -1.45B | -1.53B | -80.28M |
| Net Change in Cash | -674.89M | -221.03M | -1.44B | 2.07B | 277.98M | -1.11B | -2.40B | 679.07M | 389.76M | -1.34B | -1.31B | 2.45B |
| Free Cash Flow | -96.28M | -303.24M | -463.49M | 1.67B | -190.78M | -1.11B | -345.08M | 933.14M | 800.84M | 202.95M | 294.94M | 2.54B |
This table shows 12 quarterly periods of Lennar's cash flow statement, from Q3 2026 back to Q4 2023, 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?