Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Forestar Group Inc. | d696620d8k.htm |
Exhibit 99.1
Forestar Financial Information
as presented in the Segment Information tables
in D.R. Horton's Q1 FY 2019 press release issued 1/25/19
| December 31, 2018 | September 30, 2018 | |||||||
| (In millions) | ||||||||
| Assets |
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| Cash and cash equivalents |
$ | 154.2 | $ | 318.8 | ||||
| Restricted cash |
16.1 | 16.2 | ||||||
| Residential land and lots – developed, under development and held for development |
693.2 | 498.0 | ||||||
| Deferred income taxes, net |
25.5 | 26.9 | ||||||
| Property and equipment, net |
1.8 | 1.8 | ||||||
| Other assets |
27.9 | 31.4 | ||||||
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| $ | 918.7 | $ | 893.1 | |||||
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| Liabilities |
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| Accounts payable |
$ | 7.4 | $ | 11.2 | ||||
| Accrued expenses and other liabilities |
120.4 | 95.7 | ||||||
| Notes payable |
112.9 | 111.7 | ||||||
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| $ | 240.7 | $ | 218.6 | |||||
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| Three Months Ended December 31, 2018 |
For the Period from October 5, 2017 to December 31, 2017 |
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| (In millions) | ||||||||
| Revenues. |
$ | 38.5 | $ | 30.8 | ||||
| Cost of sales |
30.7 | 19.3 | ||||||
| Selling, general and administrative expense |
5.7 | 13.6 | ||||||
| Gain on sale of assets |
(0.9 | ) | — | |||||
| Interest expense |
— | 2.1 | ||||||
| Other (income) expense |
(1.9 | ) | (8.2 | ) | ||||
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| Income before income taxes |
$ | 4.9 | $ | 4.0 | ||||
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| Summary Cash Flow Information: |
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| Cash used in operating activities |
$ | (164.1 | ) | $ | (36.2 | ) | ||
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