Lennar Corporation (LEN) quarterly cash flow statement — complete operating, investing & financing history
Lennar Corporation (LEN) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | -104.3M | -284.38M | -328.5M | 1.76B | -158.61M | -1.1B | -289.04M | 974.5M | 819.25M | 241.76M | 367.87M | 2.59B | 951.87M | 660.47M | 978.21M | 2.71B | 498.84M | 124.84M | -72.23M | 1.22B |
| Operating CF Margin % | -1.3% | -3.58% | -4.96% | 18.78% | -1.8% | -13.07% | -3.79% | 9.8% | 8.7% | 2.76% | 5.03% | 23.61% | 10.9% | 8.21% | 15.07% | 26.68% | 5.58% | 1.49% | -1.16% | 14.47% |
| Operating CF Growth % | 34.24% | 74.03% | -13.65% | 80.55% | -119.36% | -552.94% | -178.57% | -62.36% | -13.93% | -63.4% | -62.39% | -4.61% | 90.81% | 429.05% | 1454.27% | 122.4% | -16.05% | -62.47% | -118.74% | -5.68% |
| Net Income | 285.49M | 308.13M | 229.38M | 497.96M | 599.81M | 481.82M | 528.71M | 1.1B | 1.19B | 960.59M | 719.92M | 1.37B | 1.12B | 871.69M | 596.53M | 1.34B | 1.47B | 1.32B | 509.31M | 1.19B |
| Depreciation & Amortization | 35.9M | 35.32M | 33.39M | 34.98M | 34.17M | 33.83M | 31.33M | 30.41M | 29.37M | 28.61M | 27.14M | 29.02M | 37.11M | 23.73M | 20.3M | 29.15M | 18.4M | 19.43M | 20.09M | 20.11M |
| Stock-Based Compensation | 29.26M | 26.27M | 62.38M | 25.13M | 25.5M | 28.77M | 84.08M | 22.58M | 31.91M | 34.51M | 87.68M | 21.1M | 12.88M | 40.17M | 86.56M | 29.38M | 38.2M | 35.05M | 81.46M | 29.23M |
| Deferred Taxes | 64.14M | 19.24M | 44.2M | -37K | 38.95M | 14.91M | 23.47M | -38.94M | 62.52M | 24.87M | 11.98M | 34.35M | 29.2M | 276.33M | -81.94M | -230.66M | 66.47M | -28.43M | -54.03M | -96.63M |
| Other Non-Cash Items | 196.49M | 142.11M | 54.07M | 67.21M | -43.91M | 72.89M | 24.14M | 125.01M | -148.11M | 12.03M | 91.55M | 177.5M | 65.36M | -234.96M | 116.43M | 194.38M | 171.08M | 100.41M | 448.15M | 172.69M |
| Working Capital Changes | -715.58M | -815.46M | -751.92M | 1.13B | -813.13M | -1.73B | -980.78M | -264.43M | -343.71M | -818.84M | -570.4M | 959.93M | -309.64M | -316.5M | 240.32M | 1.35B | -1.27B | -1.32B | -1.08B | -98.63M |
| Change in Receivables | 204.65M | -565.51M | 296.23M | -163.34M | 160.51M | -493.39M | 562.99M | -350.05M | 189.88M | -401.94M | 432.9M | -496.76M | -268.31M | -166.88M | 1.11B | -258.01M | -290.63M | -254.25M | 380.5M | -421.06M |
| Change in Inventory | -890.06M | -436.85M | -652.01M | 1.16B | 309.65M | -1.11B | -513.26M | 422.61M | -76.52M | -346.16M | -285.02M | 2.28B | -18.31M | 188.45M | -156.23M | 1.51B | -779.81M | -1.2B | -1.91B | 292.21M |
| Change in Payables | -99.4M | 131.93M | -403.76M | 287.3M | -378.02M | -384.99M | -215.03M | 556.87M | 204.47M | -54.56M | -326.4M | 256.03M | 109.43M | -300.34M | -690.98M | 520.17M | -95.75M | 180.24M | 96.45M | 367.3M |
| Cash from Investing | 36.95M | -15.92M | -21.26M | 45.93M | -7.25M | 161.39M | 21.49M | -125.73M | 97.96M | -126.87M | -147.91M | -62.02M | -34.39M | -44.22M | -36.35M | 3.17M | -66.7M | -44.78M | -19.99M | 26.08M |
| Capital Expenditures | 0 | -18.86M | -29.99M | -85.2M | -32.16M | -15.22M | -56.04M | -41.37M | -18.41M | -38.81M | -72.92M | -46.19M | -22.34M | -25.84M | -5.42M | -29.68M | -16.67M | -5.09M | -5.78M | -25.21M |
| CapEx % of Revenue | - | 0.24% | 0.45% | 0.91% | 0.37% | 0.18% | 0.73% | 0.42% | 0.2% | 0.44% | 1% | 0.42% | 0.26% | 0.32% | 0.08% | 0.29% | 0.19% | 0.06% | 0.09% | 0.3% |
| Acquisitions | 0 | -27.57M | 0 | -30M | -57.52M | -89.85M | -77.13M | -113.66M | -64.12M | -130.19M | -117.59M | -48.51M | -44.22M | -51.02M | -57.28M | -50.67M | -135.36M | -122.46M | -138.91M | -40.53M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 31.86M | 28.62M | 16.54M | 292.53M | -48.06M | 265.85M | 84.18M | 26.32M | 182.01M | 40.3M | 43.17M | 2.11M | 32.25M | 30.27M | 24.41M | 522.49M | 111.54M | 83.81M | 173.56M | 90.54M |
| Cash from Financing | -607.54M | 79.27M | -1.09B | 268.32M | 443.84M | -175.37M | -2.13B | -169.71M | -527.45M | -1.45B | -1.53B | -80.28M | -1.11B | -574.57M | -1.48B | 547.06M | -434.22M | -132.23M | -1.26B | -1.1B |
| Debt Issued (Net) | -138.49M | 760.17M | -611.39M | 345.12M | 1.18B | 606.28M | -561.43M | 379.78M | 131.99M | -744.98M | -597.03M | 505.49M | -532.7M | -180.26M | -990.08M | 634.64M | -422M | 120.78M | -547.44M | -270.08M |
| Equity Issued (Net) | -255.9M | -467.09M | -269.71M | -57K | -512.42M | -521.42M | -774.48M | -527.16M | -524.6M | -609.61M | -595.1M | -341.1M | -376.31M | -207.34M | -257.96M | -120.63M | -13.14M | -324.24M | -581.3M | -977.7M |
| Dividends Paid | -119.4M | -123.06M | -123.48M | -126.6M | -129.12M | -133.59M | -131.65M | -134.66M | -135.85M | -138.93M | -139.39M | -105.2M | -107.08M | -110.39M | -107.89M | -108.32M | -108.75M | -110.85M | -110.12M | -75.79M |
| Share Repurchases | -255.9M | -467.09M | -269.71M | -57K | -512.42M | -521.42M | -774.48M | -527.16M | -524.6M | -609.61M | -595.1M | -341.1M | -376.31M | -207.34M | -257.96M | -120.63M | -13.14M | -324.24M | -581.3M | -977.7M |
| Other Financing | -93.75M | -90.75M | -81.58M | 49.85M | -94M | -126.64M | -667.09M | 112.33M | 1.01M | 38.54M | -197.9M | -139.47M | -93.19M | -76.59M | -127.54M | 141.36M | 109.66M | 182.08M | -19.02M | 220.76M |
| Net Change in Cash | -674.89M | -221.03M | -1.44B | 2.07B | 277.98M | -1.11B | -2.4B | 679.07M | 389.76M | -1.34B | -1.31B | 2.45B | -191.81M | 41.69M | -541.61M | 3.26B | -2.08M | -52.16M | -1.35B | 143.69M |
| Free Cash Flow | -104.3M | -303.24M | -358.5M | 1.67B | -190.78M | -1.11B | -345.08M | 933.14M | 800.84M | 202.95M | 294.94M | 2.54B | 929.52M | 634.63M | 972.78M | 2.68B | 482.17M | 119.75M | -78.01M | 1.2B |
| FCF Margin % | -1.3% | -3.82% | -5.42% | 17.87% | -2.17% | -13.25% | -4.52% | 9.38% | 8.51% | 2.32% | 4.03% | 23.19% | 10.65% | 7.89% | 14.99% | 26.39% | 5.4% | 1.43% | -1.26% | 14.17% |
| FCF Growth % | 45.33% | 72.69% | -3.89% | 79.42% | -123.82% | -647.05% | -217% | -63.31% | -13.84% | -68.02% | -69.68% | -5.27% | 92.78% | 429.94% | 1346.98% | 124.61% | -16.67% | -62.28% | -120.73% | -5.45% |
| FCF per Share | -0.44 | -1.25 | -1.47 | 6.63 | -0.75 | -4.25 | -1.31 | 3.49 | 2.96 | 0.74 | 1.06 | 9.10 | 3.29 | 2.23 | 3.40 | 9.34 | 1.67 | 0.41 | -0.27 | 3.97 |
| FCF Conversion (FCF/Net Income) | -0.37x | -0.92x | -1.43x | 3.59x | -0.27x | -2.29x | -0.56x | 0.89x | 0.70x | 0.25x | 0.51x | 1.90x | 0.86x | 0.76x | 1.64x | 2.05x | 0.34x | 0.09x | -0.14x | 1.03x |
| Interest Paid | 0 | 0 | 0 | 91.33M | 0 | -91.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |