← Forestar Group Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $265.8m | $321.8m | $318.8m | $382.8m | $394.3m | $153.6m | $264.8m | $616.0m | $481.2m | $379.2m | |
| Accounts Receivable | — | — | — | — | — | — | $11.4m | $25.7m | $28.4m | $20.2m | |
| Cash And Cash Equivalents | — | — | — | — | — | — | $264.8m | $616.0m | $481.2m | $379.2m | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | — | — | $264.8m | $616.0m | $481.2m | $379.2m | |
| Notes Receivable | — | — | — | — | — | $700k | $0 | — | — | — | |
| Other Receivables | — | — | — | — | — | $700k | — | — | $8.9m | — | |
| Prepaid Assets | — | — | — | — | — | — | $18.9m | $15.7m | $13.2m | $17.5m | |
| Taxes Receivable | — | — | — | — | — | — | — | — | $0 | $1.4m | |
| Cash and cash equivalents | $265.8m | $321.8m | $318.8m | $382.8m | $394.3m | $153.6m | $264.8m | $616.0m | $481.2m | $379.2m | |
| Property, Plant and Equipment, Net | $3.1m | $2.0m | $1.7m | $2.4m | $1.1m | $2.9m | $5.7m | $5.9m | $7.1m | $8.1m | |
| Goodwill | $37.9m | $0 | — | — | — | — | — | — | — | — | |
| Intangible Assets, Net (Excluding Goodwill) | $0 | $448k | $448k | $0 | — | — | — | — | — | — | |
| Operating Lease, Right-of-Use Asset | — | — | — | — | $3.6m | $6.9m | $7.5m | $7.6m | $9.6m | $13.7m | |
| Other assets | $3.3m | $3.0m | $15.4m | $13.7m | $24.9m | $39.1m | $49.6m | $58.0m | $85.3m | $104.6m | |
| Additional Financial Items | |||||||||||
| Accumulated Depreciation | — | — | — | — | — | — | ($2.7m) | ($2.7m) | ($3.8m) | ($5.1m) | |
| Capital Lease Obligations | — | — | — | — | — | — | $8.1m | $8.1m | $10.2m | $14.4m | |
| Construction In Progress | — | — | — | — | — | — | $10.0m | $7.0m | $23.4m | $34.5m | |
| Current Accrued Expenses | — | — | — | — | — | — | $137.1m | $115.9m | $159.9m | $138.6m | |
| Current Deferred Liabilities | — | — | — | — | — | — | $156.4m | $135.5m | $179.1m | $198.1m | |
| Employee Benefits | — | — | — | — | — | $7.9m | $11.6m | — | — | — | |
| Gross PPE | — | — | — | — | — | — | $26.1m | $23.2m | $43.9m | $61.4m | |
| Income Tax Payable | — | — | — | — | — | — | $8.2m | $4.4m | $8.6m | $11.9m | |
| Interest Payable | — | — | — | — | — | — | $8.0m | $7.0m | $7.3m | $2.5m | |
| Invested Capital | — | — | — | — | — | — | $1.9b | $2.1b | $2.3b | $2.6b | |
| Investment Properties | — | — | — | — | — | — | $2.0b | $1.8b | $2.3b | $2.6b | |
| Investments And Advances | — | — | — | — | — | — | $500k | $500k | $300k | $0 | |
| Investments In Other Ventures Under Equity Method | — | — | — | — | — | — | $500k | $500k | $300k | $0 | |
| Leases | — | — | — | — | — | — | $1.6m | $1.6m | $1.8m | $2.2m | |
| Long Term Capital Lease Obligation | — | — | — | — | — | — | $8.1m | $8.1m | $10.2m | $14.4m | |
| Long Term Equity Investment | — | — | — | — | — | — | $500k | $500k | $300k | $0 | |
| Net Debt | — | — | — | — | — | — | $441.2m | $79.0m | $225.2m | $423.5m | |
| Net PPE | — | — | — | — | — | — | $23.4m | $20.5m | $40.1m | $56.3m | |
| Net Tangible Assets | — | — | — | — | — | — | $1.2b | $1.4b | $1.6b | $1.8b | |
| Non Current Deferred Liabilities | — | — | — | — | — | — | $36.9m | $50.7m | $67.5m | $86.2m | |
| Ordinary Shares Number | — | — | — | — | — | — | $49.8m | $49.9m | $50.7m | $50.8m | |
| Other Non Current Assets | — | — | — | — | — | — | $1.8m | $2.0m | $1.8m | $17.3m | |
| Other Non Current Liabilities | — | — | — | — | — | — | $1.0m | $3.7m | $5.7m | $22.1m | |
| Other Properties | — | — | — | — | — | — | $14.5m | $14.6m | $18.7m | $24.7m | |
| Properties | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Share Issued | — | — | — | — | — | — | $49.8m | $49.9m | $50.7m | $50.8m | |
| Tangible Book Value | — | — | — | — | — | — | $1.2b | $1.4b | $1.6b | $1.8b | |
| Working Capital | — | — | — | — | — | — | ($96.6m) | $314.1m | $76.5m | ($24.4m) | |
| Real estate | $293.0m | $130.4m | $498.0m | $1.0b | $1.3b | $1.9b | $2.0b | $1.8b | $2.3b | $2.6b | |
| Investment in unconsolidated ventures | $77.6m | $64.6m | $11.7m | $7.3m | $3.6m | $900k | $500k | $500k | $300k | $0 | |
| Earnest money on sales contracts | — | — | — | $89.9m | $98.3m | $148.3m | $136.2m | $121.4m | $172.3m | $193.3m | |
| Debt | $110.4m | $108.4m | $111.7m | $460.5m | $641.1m | $704.5m | $706.0m | $695.0m | $706.4m | $802.7m | |
| Total Capitalization | — | — | — | — | — | — | $1.9b | $2.1b | $2.3b | $2.6b | |
| Total Debt | — | — | — | — | — | — | $714.1m | $703.1m | $716.6m | $817.1m | |
| Total Non Current Assets | — | — | — | — | — | — | $2.0b | $1.8b | $2.3b | $2.7b | |
| Total Tax Payable | — | — | — | — | — | — | $14.4m | $12.3m | $16.8m | $18.1m | |
| Total equity | $562.1m | $605.6m | $674.5m | $808.9m | $871.8m | $1.0b | $1.2b | $1.4b | $1.6b | $1.8b | |
| Assets | $733.2m | $761.9m | $893.1m | $1.5b | $1.7b | $2.1b | $2.3b | $2.5b | $2.8b | $3.1b | |
| Total Assets | $733.2m | $761.9m | $893.1m | $1.5b | $1.7b | $2.1b | $2.3b | $2.5b | $2.8b | $3.1b | |
| Total assets | $733.2m | $761.9m | $893.1m | $1.5b | $1.7b | $2.1b | $2.3b | $2.5b | $2.8b | $3.1b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current Liabilities | — | — | — | — | — | — | $391.7m | $343.3m | $455.2m | $442.7m | |
| Accounts Payable | — | — | — | — | — | — | $72.2m | $68.4m | $85.9m | $71.0m | |
| Current Deferred Revenue | — | — | — | — | — | — | $156.4m | $135.5m | $179.1m | $198.1m | |
| Payables And Accrued Expenses | — | — | — | — | — | — | $223.7m | $196.6m | $262.6m | $227.7m | |
| Accounts payable | $4.8m | $2.4m | $7.9m | $16.8m | $29.2m | $47.4m | $72.2m | $68.4m | $85.9m | $71.0m | |
| Accrued development costs | — | — | — | — | $44.4m | $104.5m | $122.3m | $104.1m | $144.6m | $131.8m | |
| Accrued expenses and other liabilities | — | — | $49.6m | $79.6m | $93.8m | $56.7m | $70.1m | $61.2m | $68.3m | $83.1m | |
| Deferred Income Tax Liabilities, Net | — | — | — | — | $5.7m | $24.4m | $36.9m | $50.7m | $67.5m | $86.2m | |
| Long-term Debt | $110.4m | $108.4m | $111.7m | $460.5m | $641.1m | $704.5m | $706.0m | $695.0m | $706.4m | $802.7m | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | — | — | $714.1m | $703.1m | $716.6m | $817.1m | |
| Non Current Deferred Taxes Liabilities | — | — | — | — | — | — | $36.9m | $50.7m | $67.5m | $86.2m | |
| Pensionand Other Post Retirement Benefit Plans Current | — | — | — | — | — | — | $11.6m | $11.2m | $13.5m | $16.9m | |
| Deferred tax liability, net | $0 | — | — | $0 | $5.7m | $24.4m | $36.9m | $50.7m | $67.5m | $86.2m | |
| Deferred Tax Liabilities, Net | $0 | — | — | — | $5.7m | $24.4m | $36.9m | $50.7m | $67.5m | $86.2m | |
| Liabilities | $171.1m | $156.3m | $218.6m | $646.8m | $868.1m | $1.1b | $1.1b | $1.1b | $1.2b | $1.4b | |
| Total Liabilities Net Minority Interest | $171.1m | $156.3m | $218.6m | $646.8m | $868.1m | $1.1b | $1.1b | $1.1b | $1.2b | $1.4b | |
| Total liabilities | $171.1m | $156.3m | $218.6m | $646.8m | $868.1m | $1.1b | $1.1b | $1.1b | $1.2b | $1.4b | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $44.8m | $41.9m | $41.9m | $48.0m | $48.1m | $49.6m | $49.8m | $49.9m | $50.7m | $50.8m | |
| Retained Earnings (Accumulated Deficit) | $12.6m | $56.3m | $125.1m | $158.1m | $218.9m | $329.1m | $507.9m | $674.8m | $878.2m | $1.0b | |
| Additional Paid in Capital, Common Stock | $553.0m | $506.0m | $506.3m | $602.2m | $603.9m | $636.2m | $640.6m | $644.2m | $665.2m | $671.0m | |
| Common Stock Equity | $560.7m | $604.2m | $673.3m | $808.3m | $870.9m | $1.0b | $1.2b | $1.4b | $1.6b | $1.8b | |
| Additional Paid In Capital | — | — | — | — | — | — | $640.6m | $644.2m | $665.2m | $671.0m | |
| Capital Stock | — | — | — | — | — | — | $49.8m | $49.9m | $50.7m | $50.8m | |
| Common stock, par value $1.00 per share, 200,000,000 authorized shares, 50,833,171 and 50,653,637 shares issued and outstanding at September 30, 2025 and 2024, respectively | — | — | — | — | 1 | — | — | — | — | — | |
| Additional paid-in capital | $553.0m | $506.0m | $506.3m | $602.2m | $603.9m | $636.2m | $640.6m | $644.2m | $665.2m | $671.0m | |
| Stockholders' Equity Attributable to Parent | $560.7m | $604.2m | $673.4m | $808.3m | $870.9m | $1.0b | $1.2b | $1.4b | $1.6b | $1.8b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | $1.5m | $1.4m | $1.2m | $600k | $900k | $1.0m | $1.0m | $1.0m | $1.0m | $1.0m | |
| Minority Interest | — | — | — | — | — | — | $1.0m | $1.0m | $1.0m | $1.0m | |
| Noncontrolling interests | $1.5m | $1.4m | $1.2m | $600k | $900k | $1.0m | $1.0m | $1.0m | $1.0m | $1.0m | |
| Total Equity Gross Minority Interest | — | — | — | — | — | — | $1.2b | $1.4b | $1.6b | $1.8b | |
| Total Non Current Liabilities Net Minority Interest | — | — | — | — | — | — | $752.0m | $757.5m | $789.8m | $925.4m | |
| Liabilities and Equity | $733.2m | $761.9m | $893.1m | $1.5b | $1.7b | $2.1b | $2.3b | $2.5b | $2.8b | $3.1b | |
| Total liabilities and equity | $733.2m | $761.9m | $893.1m | $1.5b | $1.7b | $2.1b | $2.3b | $2.5b | $2.8b | $3.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.