10-Q Filing

HORTON D R INC /DE/ CIK: 882184 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0000882184-16-000164`
Period End Date	20160331
Filing Date	20160425
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	dhi-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 29 Cash Flow Statement 66

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Valuation allowance for deferred income taxes	`DeferredTaxAssetsValuationAllowance`	$10.10M	USD	Point-in-time
Valuation allowance for deferred income taxes	`DeferredTaxAssetsValuationAllowance`	$10.10M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	375.85M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	377.93M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	370.73M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$697.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.38B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	368.65M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$661.80M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.20M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.20M	shares	Point-in-time
Other assets	`OtherAssets`	$468.70M	USD	Point-in-time
Other assets	`OtherAssets`	$530.20M	USD	Point-in-time
Total assets	`Assets`	$11.15B	USD	Point-in-time
Total assets	`Assets`	$11.30B	USD	Point-in-time
Notes payable	`NotesPayable`	$3.81B	USD	Point-in-time
Notes payable	`NotesPayable`	$3.66B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.26B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.05B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.10 par value, 30,000,000 shares authorized, no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.10 par value, 30,000,000 shares authorized, no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value, 1,000,000,000 shares authorized, 377,931,164 shares issued and 370,731,093 shares outstanding at March 31, 2016 and 375,847,442 shares issued and 368,647,371 shares outstanding at September 30, 2015	`CommonStockValue`	$3.80M	USD	Point-in-time
Common stock, $.01 par value, 1,000,000,000 shares authorized, 377,931,164 shares issued and 370,731,093 shares outstanding at March 31, 2016 and 375,847,442 shares issued and 368,647,371 shares outstanding at September 30, 2015	`CommonStockValue`	$3.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.80B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.73B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.58B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.29B	USD	Point-in-time
Treasury stock, 7,200,071 shares at March 31, 2016 and September 30, 2015, at cost	`TreasuryStockValue`	$134.30M	USD	Point-in-time
Treasury stock, 7,200,071 shares at March 31, 2016 and September 30, 2015, at cost	`TreasuryStockValue`	$134.30M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.40M	USD	Point-in-time
Stockholders equity	`StockholdersEquity`	$6.25B	USD	Point-in-time
Stockholders equity	`StockholdersEquity`	$5.89B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$600.00K	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.25B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$11.30B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$11.15B	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$230.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$541.80M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$450.80M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$300.50M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$189.00M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$82.20M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$105.40M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$160.40M	USD	2 Qtrs
Net income	`ProfitLoss`	$290.40M	USD	2 Qtrs
Net income	`ProfitLoss`	$195.10M	USD	1 Quarter
Net income	`ProfitLoss`	$147.90M	USD	1 Quarter
Net income	`ProfitLoss`	$352.80M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$290.40M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$351.40M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$192.50M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$147.90M	USD	1 Quarter
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.79	USD	2 Qtrs
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.95	USD	2 Qtrs
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Net income per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Net income per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Net income per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$0.94	USD	2 Qtrs
Net income per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$0.79	USD	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.16	USD	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	2 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$290.40M	USD	2 Qtrs
Net income	`ProfitLoss`	$195.10M	USD	1 Quarter
Net income	`ProfitLoss`	$147.90M	USD	1 Quarter
Net income	`ProfitLoss`	$352.80M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$27.60M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.40M	USD	2 Qtrs
Amortization of discounts and fees	`AmortizationOfFinancingCostsAndDiscounts`	$2.80M	USD	2 Qtrs
Amortization of discounts and fees	`AmortizationOfFinancingCostsAndDiscounts`	$2.70M	USD	2 Qtrs
Stock based compensation expense	`StockOptionPlanExpense`	$24.30M	USD	2 Qtrs
Stock based compensation expense	`StockOptionPlanExpense`	$22.40M	USD	2 Qtrs
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$3.90M	USD	2 Qtrs
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$6.70M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-29.60M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-17.40M	USD	2 Qtrs
Inventory and land option charges	`ImpairmentOfRealEstate`	$18.60M	USD	2 Qtrs
Inventory and land option charges	`ImpairmentOfRealEstate`	$7.90M	USD	2 Qtrs
Gain on sale of debt securities collateralized by residential real estate	`GainLossOnSaleOfDebtInvestments`	-	USD	2 Qtrs
Gain on sale of debt securities collateralized by residential real estate	`GainLossOnSaleOfDebtInvestments`	$4.50M	USD	2 Qtrs
Increase in construction in progress and finished homes	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$375.60M	USD	2 Qtrs
Increase in construction in progress and finished homes	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$652.80M	USD	2 Qtrs
Decrease (increase) in residential land and lots developed, under development, held for development and held for sale	`IncreaseDecreaseInInventoryForLongTermContractsOrPrograms`	$-235.90M	USD	2 Qtrs
Decrease (increase) in residential land and lots developed, under development, held for development and held for sale	`IncreaseDecreaseInInventoryForLongTermContractsOrPrograms`	$71.20M	USD	2 Qtrs
Decrease (increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$11.10M	USD	2 Qtrs
Decrease (increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-36.60M	USD	2 Qtrs
Decrease (increase) in mortgage loans held for sale	`IncreaseDecreaseInMortgageLoansHeldForSale`	$40.70M	USD	2 Qtrs
Decrease (increase) in mortgage loans held for sale	`IncreaseDecreaseInMortgageLoansHeldForSale`	$-14.90M	USD	2 Qtrs
Decrease in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-40.40M	USD	2 Qtrs
Decrease in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-44.30M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.90M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-168.80M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.00M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$40.40M	USD	2 Qtrs
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$1.70M	USD	2 Qtrs
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$400.00K	USD	2 Qtrs
Net principal increase of other mortgage loans and real estate owned	`PaymentsToAcquireLoansReceivable`	$4.90M	USD	2 Qtrs
Net principal increase of other mortgage loans and real estate owned	`PaymentsToAcquireLoansReceivable`	$400.00K	USD	2 Qtrs
Proceeds from sale of debt securities collateralized by residential real estate	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$35.80M	USD	2 Qtrs
Proceeds from sale of debt securities collateralized by residential real estate	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.70M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.30M	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$17.60M	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$1.35B	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$170.60M	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$1.10B	USD	2 Qtrs
Proceeds from stock associated with certain employee benefit plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$21.00M	USD	2 Qtrs
Proceeds from stock associated with certain employee benefit plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$28.40M	USD	2 Qtrs
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.90M	USD	2 Qtrs
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$6.70M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$45.70M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$59.20M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-179.90M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$234.00M	USD	2 Qtrs
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$35.90M	USD	2 Qtrs
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-159.70M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$697.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.38B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$661.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$697.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.38B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$661.80M	USD	Point-in-time
Notes payable issued for inventory	`NotesIssued1`	$2.90M	USD	2 Qtrs
Notes payable issued for inventory	`NotesIssued1`	$8.10M	USD	2 Qtrs
Stock issued under employee incentive plans	`StockIssued1`	$8.30M	USD	2 Qtrs
Stock issued under employee incentive plans	`StockIssued1`	$19.70M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.