Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Forestar Group Inc. | d621572d8k.htm |
Exhibit 99.1
Forestar Financial Information
as presented in the Segment Information tables
in D.R. Horton’s Q4 FY 2018 press release issued 11/8/18
| September 30, 2018 | ||||
| (In millions) | ||||
| Assets |
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| Cash and cash equivalents |
$ | 318.8 | ||
| Restricted cash |
16.2 | |||
| Residential land and lot inventories - developed, under development, held for development and held for sale. |
498.0 | |||
| Investment in unconsolidated entities |
11.7 | |||
| Deferred income taxes |
26.9 | |||
| Property and equipment, net |
1.8 | |||
| Other assets |
19.7 | |||
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| $ | 893.1 | |||
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| Liabilities |
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| Accounts payable |
$ | 11.2 | ||
| Accrued expenses and other liabilities |
95.7 | |||
| Notes payable |
111.7 | |||
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| $ | 218.6 | |||
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| For the three months ended September 30, 2018 |
For the Period from October 5, 2017 to September 30, 2018 |
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| (In millions) | ||||||||
| Revenues |
$ | 32.2 | $ | 109.2 | ||||
| Cost of sales |
23.5 | 69.0 | ||||||
| Selling, general and administrative expense |
7.2 | 32.8 | ||||||
| Equity in earnings of unconsolidated entities. |
(2.3 | ) | (12.4 | ) | ||||
| Gain on sale of assets |
(23.7 | ) | (27.7 | ) | ||||
| Interest expense |
— | 5.8 | ||||||
| Other (income) expense |
(2.1 | ) | (7.0 | ) | ||||
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| Income before income taxes |
$ | 29.6 | $ | 48.7 | ||||
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| Summary Cash Flow Information: |
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| Cash used in operating activities |
$ | (320.3 | ) | |||||
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