10-Q Filing

HORTON D R INC /DE/ CIK: 882184 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000882184-17-000020`
Period End Date	20161231
Filing Date	20170125
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	dhi-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 15 Cash Flow Statement 60

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.27B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.15B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.30B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.38B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`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 (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`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`	380.12M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	380.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	373.34M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	372.92M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.20M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.20M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$195.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$218.40M	USD	Point-in-time
Other assets	`OtherAssets`	$499.60M	USD	Point-in-time
Other assets	`OtherAssets`	$496.10M	USD	Point-in-time
Total assets	`Assets`	$11.71B	USD	Point-in-time
Total assets	`Assets`	$11.56B	USD	Point-in-time
Notes payable	`NotesPayable`	$3.27B	USD	Point-in-time
Notes payable	`NotesPayable`	$3.22B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.77B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.73B	USD	Point-in-time
Commitments and contingencies (Note K)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note K)	`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, 380,537,875 shares issued and 373,337,804 shares outstanding at December 31, 2016 and 380,123,258 shares issued and 372,923,187 shares outstanding at September 30, 2016	`CommonStockValue`	$3.80M	USD	Point-in-time
Common stock, $.01 par value, 1,000,000,000 shares authorized, 380,537,875 shares issued and 373,337,804 shares outstanding at December 31, 2016 and 380,123,258 shares issued and 372,923,187 shares outstanding at September 30, 2016	`CommonStockValue`	$3.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.87B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.88B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.23B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.06B	USD	Point-in-time
Treasury stock, 7,200,071 shares at December 31, 2016 and September 30, 2016, at cost	`TreasuryStockValue`	$134.30M	USD	Point-in-time
Treasury stock, 7,200,071 shares at December 31, 2016 and September 30, 2016, at cost	`TreasuryStockValue`	$134.30M	USD	Point-in-time
Stockholders equity	`StockholdersEquity`	$6.79B	USD	Point-in-time
Stockholders equity	`StockholdersEquity`	$6.98B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$500.00K	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$500.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.79B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.98B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$11.56B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$11.71B	USD	Point-in-time

Income Statement 15 line items

Line Item	Tag	Value	Unit	Period
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$241.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$318.10M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$111.20M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$83.60M	USD	1 Quarter
Net income	`ProfitLoss`	$157.70M	USD	1 Quarter
Net income	`ProfitLoss`	$206.90M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$158.90M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$206.90M	USD	1 Quarter
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Net income per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Net income per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$0.42	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`	$0.10	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$157.70M	USD	1 Quarter
Net income	`ProfitLoss`	$206.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.60M	USD	1 Quarter
Amortization of discounts and fees	`AmortizationOfFinancingCostsAndDiscounts`	$1.30M	USD	1 Quarter
Amortization of discounts and fees	`AmortizationOfFinancingCostsAndDiscounts`	$1.40M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$10.40M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$9.30M	USD	1 Quarter
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.20M	USD	1 Quarter
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$500.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-13.40M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-8.30M	USD	1 Quarter
Inventory and land option charges	`ImpairmentOfRealEstate`	$2.00M	USD	1 Quarter
Inventory and land option charges	`ImpairmentOfRealEstate`	$2.30M	USD	1 Quarter
Increase in construction in progress and finished homes	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$246.30M	USD	1 Quarter
Increase in construction in progress and finished homes	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$290.30M	USD	1 Quarter
(Increase) decrease in residential land and lots developed, under development, held for development and held for sale	`IncreaseDecreaseInInventoryForLongTermContractsOrPrograms`	$152.60M	USD	1 Quarter
(Increase) decrease in residential land and lots developed, under development, held for development and held for sale	`IncreaseDecreaseInInventoryForLongTermContractsOrPrograms`	$-8.40M	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.90M	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-30.20M	USD	1 Quarter
Decrease in mortgage loans held for sale	`IncreaseDecreaseInMortgageLoansHeldForSale`	$-106.60M	USD	1 Quarter
Decrease in mortgage loans held for sale	`IncreaseDecreaseInMortgageLoansHeldForSale`	$-105.70M	USD	1 Quarter
Increase (decrease) in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$22.80M	USD	1 Quarter
Increase (decrease) in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-52.70M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.50M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.30M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.20M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.10M	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$6.00M	USD	1 Quarter
Net principal decrease (increase) of other mortgage loans and real estate owned	`PaymentsForProceedsFromLoansReceivable`	$2.10M	USD	1 Quarter
Net principal decrease (increase) of other mortgage loans and real estate owned	`PaymentsForProceedsFromLoansReceivable`	$-1.00M	USD	1 Quarter
Payments related to acquisition of a business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payments related to acquisition of a business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.10M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.30M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.20M	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$81.00M	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$54.30M	USD	1 Quarter
Proceeds from stock associated with certain employee benefit plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$17.00M	USD	1 Quarter
Proceeds from stock associated with certain employee benefit plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.80M	USD	1 Quarter
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$500.00K	USD	1 Quarter
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.20M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$29.60M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$37.30M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-88.30M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-91.40M	USD	1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-152.90M	USD	1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-115.10M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.27B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.15B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.30B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.38B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.27B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.15B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.30B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.38B	USD	Point-in-time
Notes payable issued for inventory	`NotesIssued1`	$2.90M	USD	1 Quarter
Notes payable issued for inventory	`NotesIssued1`	-	USD	1 Quarter
Stock issued under employee incentive plans	`StockIssued1`	$7.10M	USD	1 Quarter
Stock issued under employee incentive plans	`StockIssued1`	$8.10M	USD	1 Quarter

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