10-Q Filing

HORTON D R INC /DE/ CIK: 882184 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0000882184-17-000080`
Period End Date	20170630
Filing Date	20170727
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	dhi-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 31 Cash Flow Statement 71

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.38B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$906.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$512.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.30B	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`	383.27M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	374.22M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	372.92M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	9.05M	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`	$282.80M	USD	Point-in-time
Other assets	`OtherAssets`	$499.60M	USD	Point-in-time
Other assets	`OtherAssets`	$525.90M	USD	Point-in-time
Total assets	`Assets`	$11.98B	USD	Point-in-time
Total assets	`Assets`	$11.56B	USD	Point-in-time
Notes payable	`NotesPayable`	$2.93B	USD	Point-in-time
Notes payable	`NotesPayable`	$3.27B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.54B	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, 383,273,918 shares issued and 374,223,847 shares outstanding at June 30, 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, 383,273,918 shares issued and 374,223,847 shares outstanding at June 30, 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`	$2.87B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.96B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.06B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.67B	USD	Point-in-time
Treasury stock, 9,050,071 shares and 7,200,071 shares at June 30, 2017 and September 30, 2016, respectively, at cost	`TreasuryStockValue`	$134.30M	USD	Point-in-time
Treasury stock, 9,050,071 shares and 7,200,071 shares at June 30, 2017 and September 30, 2016, respectively, at cost	`TreasuryStockValue`	$194.90M	USD	Point-in-time
Stockholders equity	`StockholdersEquity`	$6.79B	USD	Point-in-time
Stockholders equity	`StockholdersEquity`	$7.44B	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`	$7.44B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.79B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$11.98B	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`	$16.00M	USD	3 Qtrs
Inventory and land option charges	`ProductionRelatedImpairmentsOrCharges`	$19.90M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$920.40M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.12B	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$378.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$444.50M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$317.80M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$128.80M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$155.50M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$391.40M	USD	3 Qtrs
Net income	`ProfitLoss`	$602.60M	USD	3 Qtrs
Net income	`ProfitLoss`	$249.80M	USD	1 Quarter
Net income	`ProfitLoss`	$289.00M	USD	1 Quarter
Net income	`ProfitLoss`	$725.10M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$289.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$601.20M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$249.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$725.10M	USD	3 Qtrs
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$1.94	USD	3 Qtrs
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.77	USD	1 Quarter
Basic net income per common share (in dollars per share)	`EarningsPerShareBasic`	$1.63	USD	3 Qtrs
Net income per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$1.92	USD	3 Qtrs
Net income per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$1.61	USD	3 Qtrs
Net income per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$0.76	USD	1 Quarter
Net income per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.30	USD	3 Qtrs
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`	$0.08	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`	$0.24	USD	3 Qtrs

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$602.60M	USD	3 Qtrs
Net income	`ProfitLoss`	$249.80M	USD	1 Quarter
Net income	`ProfitLoss`	$289.00M	USD	1 Quarter
Net income	`ProfitLoss`	$725.10M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$40.40M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$41.40M	USD	3 Qtrs
Amortization of discounts and fees	`AmortizationOfFinancingCostsAndDiscounts`	$3.90M	USD	3 Qtrs
Amortization of discounts and fees	`AmortizationOfFinancingCostsAndDiscounts`	$4.10M	USD	3 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$40.40M	USD	3 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$36.80M	USD	3 Qtrs
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$10.50M	USD	3 Qtrs
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$6.30M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-63.50M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-92.00M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-46.70M	USD	3 Qtrs
Inventory and land option charges	`ProductionRelatedImpairmentsOrCharges`	$16.00M	USD	3 Qtrs
Inventory and land option charges	`ProductionRelatedImpairmentsOrCharges`	$19.90M	USD	3 Qtrs
Gain on sale of debt securities collateralized by residential real estate	`GainLossOnSaleOfDebtInvestments`	-	USD	3 Qtrs
Gain on sale of debt securities collateralized by residential real estate	`GainLossOnSaleOfDebtInvestments`	$4.50M	USD	3 Qtrs
Increase in construction in progress and finished homes	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$879.10M	USD	3 Qtrs
Increase in construction in progress and finished homes	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$870.90M	USD	3 Qtrs
(Increase) decrease in residential land and lots developed, under development, held for development and held for sale	`IncreaseDecreaseInInventoryForLongTermContractsOrPrograms`	$-151.30M	USD	3 Qtrs
(Increase) decrease in residential land and lots developed, under development, held for development and held for sale	`IncreaseDecreaseInInventoryForLongTermContractsOrPrograms`	$352.20M	USD	3 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.60M	USD	3 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$29.50M	USD	3 Qtrs
Decrease (increase) in mortgage loans held for sale	`IncreaseDecreaseInMortgageLoansHeldForSale`	$-26.20M	USD	3 Qtrs
Decrease (increase) in mortgage loans held for sale	`IncreaseDecreaseInMortgageLoansHeldForSale`	$3.50M	USD	3 Qtrs
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$87.70M	USD	3 Qtrs
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$124.40M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-190.80M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$88.60M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$103.50M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$65.20M	USD	3 Qtrs
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$2.10M	USD	3 Qtrs
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$9.90M	USD	3 Qtrs
Net principal decrease of other mortgage loans and real estate owned	`PaymentsForProceedsFromLoansReceivable`	$-5.30M	USD	3 Qtrs
Net principal decrease of other mortgage loans and real estate owned	`PaymentsForProceedsFromLoansReceivable`	$-4.30M	USD	3 Qtrs
(Purchases of) proceeds from debt securities collateralized by residential real estate	`PaymentsForProceedsFromAvailableforsaleSecuritiesShortterm`	$-35.80M	USD	3 Qtrs
(Purchases of) proceeds from debt securities collateralized by residential real estate	`PaymentsForProceedsFromAvailableforsaleSecuritiesShortterm`	$8.80M	USD	3 Qtrs
Payments related to acquisition of a business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.10M	USD	3 Qtrs
Payments related to acquisition of a business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-121.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.20M	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$700.40M	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$26.30M	USD	3 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$543.90M	USD	3 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$1.05B	USD	3 Qtrs
Proceeds from stock associated with certain employee benefit plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$34.30M	USD	3 Qtrs
Proceeds from stock associated with certain employee benefit plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$61.80M	USD	3 Qtrs
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$10.50M	USD	3 Qtrs
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$6.30M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$88.90M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$112.20M	USD	3 Qtrs
Repurchases of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$60.60M	USD	3 Qtrs
Repurchases of Common Stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-538.40M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-479.00M	USD	3 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-477.00M	USD	3 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-790.80M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.38B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$906.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$512.40M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.30B	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`	$906.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$512.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.30B	USD	Point-in-time
Notes payable issued for inventory	`NotesIssued1`	$4.50M	USD	3 Qtrs
Notes payable issued for inventory	`NotesIssued1`	$4.20M	USD	3 Qtrs
Stock issued under employee incentive plans	`StockIssued1`	$31.80M	USD	3 Qtrs
Stock issued under employee incentive plans	`StockIssued1`	$19.90M	USD	3 Qtrs

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