← HORTON D R INC /DE/
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $886.3m | $1.0b | $1.5b | $1.6b | $2.4b | $4.2b | $5.9b | $4.7b | $4.8b | $3.6b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $2.0m | $100k | $6.8m | $15.4m | $38.1m | $49.5m | $49.6m | $35.7m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $886.3m | $1.0b | $1.5b | $1.6b | $2.4b | $4.2b | $5.9b | $4.8b | $4.8b | $3.6b | |
| Amortization of Debt Issuance Costs and Discounts | $5.4m | $5.0m | $9.9m | $10.9m | $10.2m | $8.2m | — | — | — | — | |
| Depreciation | $50.8m | $49.4m | $58.2m | $66.1m | $69.4m | $73.3m | $72.0m | $82.9m | $78.5m | $90.9m | |
| Depreciation, Depletion and Amortization | $61.0m | $54.7m | $62.4m | $72.0m | $80.4m | $73.9m | $81.4m | $91.6m | $87.1m | $101.3m | |
| Deferred Income Tax Expense (Benefit) | $75.3m | $110.8m | $170.9m | $20.1m | $14.1m | ($10.0m) | $29.1m | ($45.9m) | $19.0m | $123.2m | |
| Deferred income taxes | $75.3m | $110.8m | $170.9m | $20.1m | $14.1m | ($10.0m) | $29.1m | ($45.9m) | $19.0m | $123.2m | |
| Goodwill, Impairment Loss | $7.2m | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $10.3m | $19.7m | $38.2m | $78.5m | $62.0m | $56.1m | $83.9m | $64.2m | |
| Share-based Payment Arrangement, Noncash Expense | $49.0m | $59.2m | $55.8m | $73.2m | $77.8m | $91.4m | $105.1m | $111.2m | $118.1m | $131.0m | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | ($18.1m) | $0 | $0 | — | — | |
| Income (Loss) from Equity Method Investments | — | — | $2.8m | $500k | $700k | $1.0m | — | — | — | — | |
| Income Tax Expense (Benefit) | $467.2m | $563.7m | $597.7m | $506.7m | $602.5m | $1.2b | $1.7b | $1.5b | $1.5b | $1.1b | |
| Operating Lease, Expense | — | — | — | — | — | $31.7m | $38.1m | $44.7m | $44.3m | $45.1m | |
| Other Nonoperating Income (Expense) | — | — | $45.3m | $31.4m | $32.7m | $41.6m | $59.3m | $213.1m | $348.8m | $315.7m | |
| Additional Financial Items | |||||||||||
| (Increase) decrease in mortgage loans held for sale | ($12.4m) | $67.6m | ($208.8m) | ($275.6m) | ($457.0m) | ($498.3m) | ($358.8m) | ($133.9m) | $42.4m | ($89.0m) | |
| (Increase) decrease in other assets | ($16.3m) | ($63.7m) | ($110.6m) | ($161.6m) | ($150.7m) | ($439.7m) | ($1.1b) | $23.8m | ($331.4m) | ($248.2m) | |
| (Repayment) borrowings on mortgage repurchase facilities, net | ($4.9m) | ($53.0m) | $217.7m | $251.2m | $243.7m | $362.0m | $123.7m | $51.3m | ($135.8m) | ($125.5m) | |
| Decrease (increase) in rental properties | — | — | — | $0 | $0 | ($303.6m) | ($1.7b) | ($151.8m) | ($214.6m) | $195.4m | |
| Decrease in construction in progress and finished homes | ($496.2m) | ($584.4m) | ($482.8m) | $84.6m | ($739.1m) | ($1.7b) | ($2.1b) | $861.8m | $141.3m | $1.2b | |
| Expenditures for property and equipment | $0 | $0 | ($68.1m) | ($127.2m) | ($96.5m) | ($93.5m) | ($148.2m) | ($148.6m) | ($165.3m) | ($137.4m) | |
| Gain (Loss) on Sale of Properties | — | — | $18.8m | $53.9m | $59.5m | $14.0m | $0 | $0 | — | — | |
| Goodwill | — | — | $109.2m | $163.5m | $163.5m | $163.5m | $163.5m | $163.5m | $163.5m | $163.5m | |
| Increase (decrease) in accounts payable, accrued expenses and other liabilities | $52.1m | $83.9m | $129.1m | $126.2m | $566.2m | $845.1m | $1.0b | ($101.8m) | $19.6m | $83.7m | |
| Increase in residential land and lots — developed, under development, held for development and held for sale | ($10.3m) | ($362.3m) | ($573.8m) | ($676.4m) | ($324.4m) | ($1.7b) | ($1.4b) | ($1.2b) | ($2.6b) | ($1.9b) | |
| Inventory Write-down | — | — | $11.8m | $25.7m | $1.7m | $5.6m | $3.8m | $19.0m | $14.0m | $33.0m | |
| Inventory and land option charges | $31.4m | $40.2m | $50.4m | $54.0m | $23.8m | $28.6m | $70.4m | $80.3m | $78.8m | $158.1m | |
| Notes payable issued for inventory | $4.2m | $4.5m | $0 | $83.6m | $5.1m | $12.5m | $64.3m | $54.5m | $43.4m | $5.5m | |
| Proceeds from notes payable | $0 | $835.0m | $2.2b | $2.5b | $2.3b | $1.5b | $4.2b | $711.0m | $2.1b | $3.3b | |
| Proceeds from sale of assets | $0 | $0 | $292.9m | $143.8m | $129.8m | $37.6m | $0 | $52.0m | $19.4m | $22.9m | |
| Proceeds from stock associated with certain employee benefit plans | $72.4m | $46.7m | $47.4m | $42.7m | $23.4m | $22.7m | $33.2m | $25.5m | $20.6m | $18.5m | |
| Reduction of notes payable upon deconsolidation of variable interest entity | — | — | — | — | — | — | $0 | $0 | ($127.8m) | $0 | |
| Repayment of notes payable | ($549.7m) | ($1.2b) | ($2.2b) | ($2.7b) | ($1.7b) | ($826.3m) | ($3.8b) | ($1.8b) | ($1.1b) | ($3.1b) | |
| Stock issued under employee incentive plans | $20.1m | $31.9m | $64.0m | $49.6m | $84.4m | $124.7m | $130.9m | $111.4m | $174.3m | $147.6m | |
| Stock-based compensation expense | $49.0m | $59.2m | $55.8m | $73.2m | $77.8m | $91.4m | $105.1m | $111.2m | $118.1m | $131.0m | |
| Gain (Loss) on Sales of Loans, Net | — | — | $265.1m | $319.4m | $437.2m | $619.1m | $561.7m | $538.4m | $589.9m | $566.3m | |
| Net Cash Provided by (Used in) Operating Activities | $618.0m | $435.1m | $545.2m | $892.1m | $1.4b | $534.4m | $561.8m | $4.3b | $2.2b | $3.4b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $86.1m | $157.3m | $68.1m | $127.2m | $96.5m | $93.5m | $148.2m | $148.6m | $165.3m | $137.4m | |
| Payments related to business acquisitions, net of cash acquired | ($82.2m) | ($4.1m) | ($159.2m) | ($315.8m) | ($9.7m) | ($24.5m) | ($271.5m) | ($212.9m) | ($40.4m) | ($53.1m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $82.2m | $4.1m | $159.2m | $315.8m | $9.7m | $24.5m | $271.5m | $212.9m | $40.4m | $53.1m | |
| Other investing activities | — | — | — | $2.1m | $600k | $2.1m | $4.8m | ($700k) | ($4.3m) | ($1.1m) | |
| Payments for (Proceeds from) Other Investing Activities | $0 | $0 | $0 | $0 | — | ($2.1m) | ($4.8m) | $700k | $4.3m | $1.1m | |
| Net Cash Provided by (Used in) Investing Activities | ($112.6m) | ($171.0m) | $2.6m | ($394.0m) | ($166.1m) | ($252.2m) | ($414.9m) | ($310.2m) | ($190.6m) | ($168.7m) | |
| Cash flows from financing activities: | |||||||||||
| Net proceeds from issuance of Forestar common stock | — | $0 | $0 | $100.7m | $0 | $33.5m | $1.7m | $0 | $19.7m | $0 | |
| Proceeds from Issuance of Common Stock | — | $0 | $0 | $100.7m | $0 | $33.5m | $1.7m | $0 | $19.7m | $0 | |
| Payments for Repurchase of Common Stock | — | $60.6m | $127.5m | $479.8m | $360.4m | $874.0m | $1.1b | $1.2b | $1.8b | $4.3b | |
| Payments of Ordinary Dividends, Common Stock | $118.7m | $149.6m | $188.4m | $223.4m | $256.0m | $289.3m | $316.5m | $341.2m | $395.2m | $494.8m | |
| Repurchases of common stock | $0 | ($60.6m) | ($127.5m) | ($479.8m) | ($360.4m) | ($848.4m) | ($1.1b) | ($1.2b) | ($1.8b) | ($4.3b) | |
| Proceeds from (Payments to) Noncontrolling Interests | — | — | ($3.2m) | ($3.9m) | ($700k) | ($100k) | — | — | — | — | |
| Cash dividends paid | ($119) | ($150) | ($188) | ($223) | ($256) | ($289) | ($316) | ($341) | ($395) | ($495) | |
| Net other financing activities | — | — | $0 | $0 | ($4.4m) | ($2.3m) | $91.4m | ($54.8m) | ($23.7m) | $55.5m | |
| Proceeds from (Payments for) Other Financing Activities | $0 | $0 | $0 | $0 | ($4.4m) | ($2.3m) | $91.4m | ($54.8m) | ($23.7m) | $55.5m | |
| Net Cash Provided by (Used in) Financing Activities | ($586.0m) | ($559.5m) | ($82.5m) | ($490.1m) | $270.6m | ($85.1m) | ($811.2m) | ($2.7b) | ($1.4b) | ($4.8b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($288.4m) | $481.7m | $8.0m | $1.5b | $197.1m | ($664.3m) | $1.3b | $643.9m | ($1.5b) | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | — | ($288.4m) | $481.7m | $8.0m | $1.5b | $197.1m | ($664.3m) | $1.3b | $643.9m | ($1.5b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($288.4m) | $481.7m | $1.5b | $3.0b | $3.2b | $2.6b | $3.9b | $4.5b | $3.0b | |
| Total cash, cash equivalents and restricted cash | — | $1.0b | $1.5b | $1.5b | $3.0b | $3.2b | $2.6b | $3.9b | $4.5b | $3.0b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Income Taxes Paid, Net | $389.9m | $446.4m | $387.2m | $488.0m | $581.3m | $1.1b | $1.7b | $1.4b | $1.7b | $1.0b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.