Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Forestar Group Inc. | d581546d8k.htm |
Exhibit 99.1
Forestar Financial Information
as presented in the Segment Information tables
in D.R. Horton’s Q3 FY 2018 press release issued 7/26/18
| June 30, 2018 | ||||
| Assets |
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| Cash and cash equivalents |
$ | 367.7 | ||
| Restricted cash |
40.0 | |||
| Residential land and lot inventories - developed, under development, held for development and held for sale |
360.8 | |||
| Investment in unconsolidated entities |
18.0 | |||
| Deferred income taxes, net |
1.3 | |||
| Property and equipment, net |
1.8 | |||
| Other assets |
21.2 | |||
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| $ | 810.8 | |||
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| Liabilities |
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| Accounts payable |
$ | 7.4 | ||
| Accrued expenses and other liabilities |
72.8 | |||
| Notes payable |
110.5 | |||
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| $ | 190.7 | |||
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| For the three months ended June 30, 2018 |
For the Period from October 5, 2017 to June 30, 2018 |
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| Revenues |
$ | 23.6 | $ | 77.0 | ||||
| Cost of sales |
10.0 | 45.5 | ||||||
| Selling, general and administrative expense |
6.5 | 25.6 | ||||||
| Equity in earnings of unconsolidated entities |
(1.0 | ) | (10.1 | ) | ||||
| Gain on sale of assets |
(1.3 | ) | (4.0 | ) | ||||
| Interest expense |
1.6 | 5.8 | ||||||
| Other (income) expense |
(2.7 | ) | (4.9 | ) | ||||
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| Income before income taxes |
$ | 10.5 | $ | 19.1 | ||||
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| Summary Cash Flow Information: |
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| Cash used in operating activities |
$ | (219.2 | ) | |||||
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