10-Q Filing

HORTON D R INC /DE/ CIK: 882184 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0000882184-17-000073`
Period End Date	20170331
Filing Date	20170425
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	dhi-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 31 Cash Flow Statement 68

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.30B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$993.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	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`	382.73M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	372.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	375.53M	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`	$248.10M	USD	Point-in-time
Other assets	`OtherAssets`	$499.60M	USD	Point-in-time
Other assets	`OtherAssets`	$521.20M	USD	Point-in-time
Total assets	`Assets`	$11.92B	USD	Point-in-time
Total assets	`Assets`	$11.56B	USD	Point-in-time
Notes payable	`NotesPayable`	$3.22B	USD	Point-in-time
Notes payable	`NotesPayable`	$3.27B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.70B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.77B	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, 382,731,504 shares issued and 375,531,433 shares outstanding at March 31, 2017 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, 382,731,504 shares issued and 375,531,433 shares outstanding at March 31, 2017 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`	$2.93B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.87B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.42B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.06B	USD	Point-in-time
Treasury stock, 7,200,071 shares at March 31, 2017 and September 30, 2016, at cost	`TreasuryStockValue`	$134.30M	USD	Point-in-time
Treasury stock, 7,200,071 shares at March 31, 2017 and September 30, 2016, at cost	`TreasuryStockValue`	$134.30M	USD	Point-in-time
Stockholders equity	`StockholdersEquity`	$7.22B	USD	Point-in-time
Stockholders equity	`StockholdersEquity`	$6.79B	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`	$7.22B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$11.92B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$11.56B	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Inventory and land option charges	`ProductionRelatedImpairmentsOrCharges`	$7.90M	USD	2 Qtrs
Inventory and land option charges	`ProductionRelatedImpairmentsOrCharges`	$14.50M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$541.80M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$672.10M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$300.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$353.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$105.40M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$124.70M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$189.00M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$236.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$195.10M	USD	1 Quarter
Net income	`ProfitLoss`	$229.20M	USD	1 Quarter
Net income	`ProfitLoss`	$352.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$436.10M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$351.40M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$229.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$436.10M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$192.50M	USD	1 Quarter
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`	$0.61	USD	1 Quarter
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$1.17	USD	2 Qtrs
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.95	USD	2 Qtrs
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`	$1.15	USD	2 Qtrs
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`	$0.60	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`	$0.10	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`	$0.20	USD	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$195.10M	USD	1 Quarter
Net income	`ProfitLoss`	$229.20M	USD	1 Quarter
Net income	`ProfitLoss`	$352.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$436.10M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$27.60M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$27.30M	USD	2 Qtrs
Amortization of discounts and fees	`AmortizationOfFinancingCostsAndDiscounts`	$2.60M	USD	2 Qtrs
Amortization of discounts and fees	`AmortizationOfFinancingCostsAndDiscounts`	$2.80M	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$24.30M	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$26.10M	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`	$8.70M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-29.60M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-24.10M	USD	2 Qtrs
Inventory and land option charges	`ProductionRelatedImpairmentsOrCharges`	$7.90M	USD	2 Qtrs
Inventory and land option charges	`ProductionRelatedImpairmentsOrCharges`	$14.50M	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`	$652.80M	USD	2 Qtrs
Increase in construction in progress and finished homes	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$603.50M	USD	2 Qtrs
(Increase) decrease in residential land and lots developed, under development, held for development and held for sale	`IncreaseDecreaseInInventoryForLongTermContractsOrPrograms`	$-235.90M	USD	2 Qtrs
(Increase) decrease in residential land and lots developed, under development, held for development and held for sale	`IncreaseDecreaseInInventoryForLongTermContractsOrPrograms`	$96.30M	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$29.90M	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-36.60M	USD	2 Qtrs
Decrease in mortgage loans held for sale	`IncreaseDecreaseInMortgageLoansHeldForSale`	$-75.50M	USD	2 Qtrs
Decrease in mortgage loans held for sale	`IncreaseDecreaseInMortgageLoansHeldForSale`	$-14.90M	USD	2 Qtrs
Decrease in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-44.30M	USD	2 Qtrs
Decrease in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.60M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-140.80M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.90M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$40.40M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.50M	USD	2 Qtrs
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$8.90M	USD	2 Qtrs
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$1.70M	USD	2 Qtrs
Net principal decrease (increase) of other mortgage loans and real estate owned	`PaymentsForProceedsFromLoansReceivable`	$400.00K	USD	2 Qtrs
Net principal decrease (increase) of other mortgage loans and real estate owned	`PaymentsForProceedsFromLoansReceivable`	$-1.00M	USD	2 Qtrs
(Purchases of) proceeds from debt securities collateralized by residential real estate	`PaymentsForProceedsFromAvailableforsaleSecuritiesShortterm`	$3.90M	USD	2 Qtrs
(Purchases of) proceeds from debt securities collateralized by residential real estate	`PaymentsForProceedsFromAvailableforsaleSecuritiesShortterm`	$-35.80M	USD	2 Qtrs
Payments related to acquisition of a business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Payments related to acquisition of a business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.10M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.70M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-73.40M	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$17.60M	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$54.50M	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$170.60M	USD	2 Qtrs
Proceeds from stock associated with certain employee benefit plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$24.70M	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`	$8.70M	USD	2 Qtrs
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.90M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$74.70M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$59.20M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-95.80M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-179.90M	USD	2 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-310.00M	USD	2 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-159.70M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.30B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$993.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	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`	$1.30B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$993.20M	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`	$1.38B	USD	Point-in-time
Notes payable issued for inventory	`NotesIssued1`	$4.50M	USD	2 Qtrs
Notes payable issued for inventory	`NotesIssued1`	$2.90M	USD	2 Qtrs
Stock issued under employee incentive plans	`StockIssued1`	$19.70M	USD	2 Qtrs
Stock issued under employee incentive plans	`StockIssued1`	$31.70M	USD	2 Qtrs

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