Item 16. Form 10-K Summary
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Item 16. Form 10-K Summary
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
| LENNAR CORPORATION | ||||||||
| /S/ STUART MILLER | ||||||||
| Stuart Miller | ||||||||
| Executive Chairman and Co-Chief Executive Officer | ||||||||
| Date: | January 23, 2025 |
| LENNAR CORPORATION | ||||||||
| /S/ JONATHAN M. JAFFE | ||||||||
| Jonathan M. Jaffe | ||||||||
| Co-Chief Executive Officer and President | ||||||||
| Date: | January 23, 2025 |
Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated:
| Principal Executive Officer: | ||||||||
| Stuart Miller | /S/ STUART MILLER | |||||||
| Executive Chairman, Co-Chief Executive Officer and Director | Date: | January 23, 2025 | ||||||
| Jonathan M. Jaffe | /S/ JONATHAN M. JAFFE | |||||||
| Co-Chief Executive Officer, President and Director | Date: | January 23, 2025 | ||||||
| Principal Financial Officer: | ||||||||
| Diane Bessette | /S/ DIANE BESSETTE | |||||||
| Vice President and Chief Financial Officer | Date: | January 23, 2025 | ||||||
| Principal Accounting Officer: | ||||||||
| David Collins | /S/ DAVID COLLINS | |||||||
| Vice President and Controller | Date: | January 23, 2025 | ||||||
| Directors: | ||||||||
| Amy Banse | /S/ AMY BANSE | |||||||
| Date: | January 23, 2025 | |||||||
| Theron I. ("Tig") Gilliam, Jr. | /S/ THERON I. ("TIG") GILLIAM, JR. | |||||||
| Date: | January 23, 2025 | |||||||
| Sherrill W. Hudson | /S/ SHERRILL W. HUDSON | |||||||
| Date: | January 23, 2025 | |||||||
| Sidney Lapidus | /S/ SIDNEY LAPIDUS | |||||||
| Date: | January 23, 2025 | |||||||
| Teri McClure | /S/ TERI MCCLURE | |||||||
| Date: | January 23, 2025 | |||||||
| Armando Olivera | /S/ ARMANDO OLIVERA | |||||||
| Date: | January 23, 2025 | |||||||
| Dacona Smith | /S/ DACONA SMITH | |||||||
| Date: | January 23, 2025 | |||||||
| Jeffrey Sonnenfeld | /S/ JEFFREY SONNENFELD | |||||||
| Date: | January 23, 2025 | |||||||
| Serena Wolfe | /S/ SERENA WOLFE | |||||||
| Date: | January 23, 2025 | |||||||
LENNAR CORPORATION AND SUBSIDIARIES
Schedule II—Valuation and Qualifying Accounts
Years Ended November 30, 2024, 2023 and 2022
| Additions | |||||||||||||||||||||||||||||
| (In thousands) | Beginning balance | Charged to costs and expenses | Charged (credited) to other accounts | Deductions | Ending balance | ||||||||||||||||||||||||
| Year ended November 30, 2024 | |||||||||||||||||||||||||||||
| Allowances deducted from assets to which they apply: | |||||||||||||||||||||||||||||
| Allowance for credit losses against notes and other receivables | $ | 2,374 | 677 | (652) | — | 2,399 | |||||||||||||||||||||||
| Allowance for loan losses against loans receivable | $ | 15,414 | 174 | — | (3,650) | 11,938 | |||||||||||||||||||||||
| Allowance against net deferred tax assets | $ | 2,333 | 268 | — | (8) | 2,593 | |||||||||||||||||||||||
| Year ended November 30, 2023 | |||||||||||||||||||||||||||||
| Allowances deducted from assets to which they apply: | |||||||||||||||||||||||||||||
| Allowance for credit losses against notes and other receivables | $ | 2,179 | 274 | (79) | — | 2,374 | |||||||||||||||||||||||
| Allowance for loan losses against loans receivable | $ | 11,130 | 5,419 | — | (1,135) | 15,414 | |||||||||||||||||||||||
| Allowance against net deferred tax assets | $ | 2,903 | 89 | — | (659) | 2,333 | |||||||||||||||||||||||
| Year ended November 30, 2022 | |||||||||||||||||||||||||||||
| Allowances deducted from assets to which they apply: | |||||||||||||||||||||||||||||
| Allowance for credit losses against notes and other receivables | $ | 2,531 | 145 | (497) | — | 2,179 | |||||||||||||||||||||||
| Allowance for loan losses against loans receivable | $ | 2,091 | 9,127 | — | (88) | 11,130 | |||||||||||||||||||||||
| Allowance against net deferred tax assets | $ | 2,693 | 784 | — | (574) | 2,903 |
Previous: Item 15. Exhibit and Financial Statement Schedules.
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