Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Forestar Group Inc. | d507080d8k.htm |
Exhibit 99.1
Unaudited Selected Preliminary Forestar Financial Information
as presented in the Segment Information tables
in D.R. Horton’s Q1 FY 2018 press release issued 1/31/18
| December 31, 2017 | ||||
| Assets |
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| Cash and cash equivalents |
$ | 321.8 | ||
| Restricted cash |
40.0 | |||
| Residential land and lot inventories - developed, under development, held for development and held for sale |
315.0 | |||
| Investment in unconsolidated entities |
65.1 | |||
| Deferred income taxes |
2.5 | |||
| Property and equipment, net |
2.0 | |||
| Other assets |
18.4 | |||
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| $ | 764.8 | |||
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| Liabilities |
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| Accounts payable |
$ | 2.4 | ||
| Accrued expenses and other liabilities |
45.5 | |||
| Notes payable |
108.4 | |||
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| $ | 156.3 | |||
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| For the Period from October 5, 2017 to December 31, 2017 |
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| Revenues |
$ | 30.8 | ||
| Cost of sales |
19.3 | |||
| Selling, general and administrative expense |
13.6 | |||
| Equity in earnings of unconsolidated entities |
(7.6 | ) | ||
| Interest expense |
2.1 | |||
| Other (income) expense |
(0.6 | ) | ||
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| Income before income taxes |
$ | 4.0 | ||
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| Summary Cash Flow Information: |
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| Cash used in operating activities |
$ | (36.2 | ) | |
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