10-Q Filing

HORTON D R INC /DE/ CIK: 882184 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000882184-18-000019`
Period End Date	20171231
Filing Date	20180208
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	dhi-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 27 Cash Flow Statement 80

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.30B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$920.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.15B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.01B	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$53.70M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$16.50M	USD	Point-in-time
Construction in progress and finished homes	`InventoryHomesUnderConstruction`	$4.61B	USD	Point-in-time
Construction in progress and finished homes	`InventoryHomesUnderConstruction`	$4.91B	USD	Point-in-time
Residential land and lots developed and under development	`InventoryRealEstateLandAndLandDevelopmentCosts`	$4.52B	USD	Point-in-time
Residential land and lots developed and under development	`InventoryRealEstateLandAndLandDevelopmentCosts`	$4.83B	USD	Point-in-time
Valuation allowance for deferred income taxes	`DeferredTaxAssetsValuationAllowance`	$21.70M	USD	Point-in-time
Valuation allowance for deferred income taxes	`DeferredTaxAssetsValuationAllowance`	$11.20M	USD	Point-in-time
Land held for development	`InventoryLandHeldForDevelopmentAndSale`	$101.00M	USD	Point-in-time
Land held for development	`InventoryLandHeldForDevelopmentAndSale`	$100.50M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Land held for sale	`InventoryLandHeldForSale`	$204.20M	USD	Point-in-time
Land held for sale	`InventoryLandHeldForSale`	$10.40M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Total inventories	`InventoryRealEstate`	$9.24B	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Total inventories	`InventoryRealEstate`	$10.04B	USD	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
Investment in unconsolidated entities	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	Point-in-time
Investment in unconsolidated entities	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$86.10M	USD	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
Mortgage loans held for sale	`LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage`	$538.20M	USD	Point-in-time
Mortgage loans held for sale	`LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage`	$587.30M	USD	Point-in-time
Deferred income taxes, net of valuation allowance of $21.7 million and $11.2 million at December 31, 2017 and September 30, 2017, respectively	`DeferredTaxAssetsLiabilitiesNet`	$365.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Deferred income taxes, net of valuation allowance of $21.7 million and $11.2 million at December 31, 2017 and September 30, 2017, respectively	`DeferredTaxAssetsLiabilitiesNet`	$239.10M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$325.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	384.04M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$357.70M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	385.24M	shares	Point-in-time
Other assets	`OtherAssets`	$565.90M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	374.99M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	375.69M	shares	Point-in-time
Other assets	`OtherAssets`	$622.00M	USD	Point-in-time
Goodwill	`Goodwill`	$80.00M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	9.55M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	9.05M	shares	Point-in-time
Goodwill	`Goodwill`	$100.00M	USD	Point-in-time
Total assets	`Assets`	$12.18B	USD	Point-in-time
Total assets	`Assets`	$12.96B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$580.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$575.70M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$985.00M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$1.07B	USD	Point-in-time
Notes payable	`NotesPayable`	$2.87B	USD	Point-in-time
Notes payable	`NotesPayable`	$3.26B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.90B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.44B	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, 385,244,037 shares issued and 375,693,966 shares outstanding at December 31, 2017 and 384,036,150 shares issued and 374,986,079 shares outstanding at September 30, 2017	`CommonStockValue`	$3.90M	USD	Point-in-time
Common stock, $.01 par value, 1,000,000,000 shares authorized, 385,244,037 shares issued and 375,693,966 shares outstanding at December 31, 2017 and 384,036,150 shares issued and 374,986,079 shares outstanding at September 30, 2017	`CommonStockValue`	$3.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.01B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.99B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.95B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.09B	USD	Point-in-time
Treasury stock, 9,550,071 shares and 9,050,071 shares at December 31, 2017 and September 30, 2017, respectively, at cost	`TreasuryStockValue`	$194.90M	USD	Point-in-time
Treasury stock, 9,550,071 shares and 9,050,071 shares at December 31, 2017 and September 30, 2017, respectively, at cost	`TreasuryStockValue`	$220.30M	USD	Point-in-time
Stockholders equity	`StockholdersEquity`	$7.88B	USD	Point-in-time
Stockholders equity	`StockholdersEquity`	$7.75B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$500.00K	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$173.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.06B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.75B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$12.18B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$12.96B	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.90B	USD	1 Quarter
Revenues	`Revenues`	$3.33B	USD	1 Quarter
Cost of sales	`CostOfRealEstateRevenue`	$2.58B	USD	1 Quarter
Cost of sales	`CostOfRealEstateRevenue`	$2.27B	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$325.90M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$384.20M	USD	1 Quarter
Equity in earnings of unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$2.30M	USD	1 Quarter
Equity in earnings of unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Other (income) expense	`OtherNonoperatingIncomeExpense`	$7.70M	USD	1 Quarter
Other (income) expense	`OtherNonoperatingIncomeExpense`	$20.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$391.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$318.10M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$202.40M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$111.20M	USD	1 Quarter
Net income	`ProfitLoss`	$188.80M	USD	1 Quarter
Net income	`ProfitLoss`	$206.90M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-500.00K	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income attributable to D.R. Horton, Inc.	`NetIncomeLoss`	$189.30M	USD	1 Quarter
Net income attributable to D.R. Horton, Inc.	`NetIncomeLoss`	$206.90M	USD	1 Quarter
Basic net income per common share attributable to D.R. Horton, Inc. (in dollars per share)	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Basic net income per common share attributable to D.R. Horton, Inc. (in dollars per share)	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Diluted net income per common share attributable to D.R. Horton, Inc. (in dollars per share)	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Diluted net income per common share attributable to D.R. Horton, Inc. (in dollars per share)	`EarningsPerShareDiluted`	$0.49	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`	$0.10	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$188.80M	USD	1 Quarter
Net income	`ProfitLoss`	$206.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.40M	USD	1 Quarter
Amortization of discounts and fees	`AmortizationOfFinancingCostsAndDiscounts`	$1.20M	USD	1 Quarter
Amortization of discounts and fees	`AmortizationOfFinancingCostsAndDiscounts`	$1.30M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$9.30M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$13.60M	USD	1 Quarter
Equity in earnings of unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	$2.30M	USD	1 Quarter
Equity in earnings of unconsolidated entities	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Distributions of earnings of unconsolidated entities	`EquityMethodInvestmentDividendsOrDistributions`	$200.00K	USD	1 Quarter
Distributions of earnings of unconsolidated entities	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	1 Quarter
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$500.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-8.30M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-126.30M	USD	1 Quarter
Inventory and land option charges	`ProductionRelatedImpairmentsOrCharges`	$2.30M	USD	1 Quarter
Inventory and land option charges	`ProductionRelatedImpairmentsOrCharges`	$3.70M	USD	1 Quarter
Gain on sale of rental properties	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Gain on sale of rental properties	`GainLossOnSaleOfProperties`	$13.40M	USD	1 Quarter
Increase in construction in progress and finished homes	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$302.30M	USD	1 Quarter
Increase in construction in progress and finished homes	`IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories`	$246.30M	USD	1 Quarter
Increase in residential land and lots developed, under development, held for development and held for sale	`IncreaseDecreaseInInventoryForLongTermContractsOrPrograms`	$185.20M	USD	1 Quarter
Increase in residential land and lots developed, under development, held for development and held for sale	`IncreaseDecreaseInInventoryForLongTermContractsOrPrograms`	$152.60M	USD	1 Quarter
Decrease (increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.30M	USD	1 Quarter
Decrease (increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.90M	USD	1 Quarter
Decrease in mortgage loans held for sale	`IncreaseDecreaseInMortgageLoansHeldForSale`	$-49.10M	USD	1 Quarter
Decrease in mortgage loans held for sale	`IncreaseDecreaseInMortgageLoansHeldForSale`	$-105.70M	USD	1 Quarter
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$24.80M	USD	1 Quarter
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$27.90M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.20M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-75.00M	USD	1 Quarter
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$44.40M	USD	1 Quarter
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.20M	USD	1 Quarter
Proceeds from sale of rental properties	`ProceedsFromSaleOfBuildings`	$24.80M	USD	1 Quarter
Proceeds from sale of rental properties	`ProceedsFromSaleOfBuildings`	-	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$6.00M	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$37.20M	USD	1 Quarter
Investment in unconsolidated entities	`PaymentsToAcquireEquityMethodInvestments`	$100.00K	USD	1 Quarter
Investment in unconsolidated entities	`PaymentsToAcquireEquityMethodInvestments`	-	USD	1 Quarter
Return of investment in unconsolidated entities	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	USD	1 Quarter
Return of investment in unconsolidated entities	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$15.00M	USD	1 Quarter
Net principal decrease of other mortgage loans and real estate owned	`PaymentsForProceedsFromLoansReceivable`	$-1.00M	USD	1 Quarter
Net principal decrease of other mortgage loans and real estate owned	`PaymentsForProceedsFromLoansReceivable`	$-100.00K	USD	1 Quarter
Payments related to acquisition of a business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$156.40M	USD	1 Quarter
Payments related to acquisition of a business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.10M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-198.20M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.30M	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$1.11B	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$825.80M	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$300.00K	USD	1 Quarter
Payments on mortgage repurchase facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-32.60M	USD	1 Quarter
Payments on mortgage repurchase facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-54.00M	USD	1 Quarter
Proceeds from stock associated with certain employee benefit plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.80M	USD	1 Quarter
Proceeds from stock associated with certain employee benefit plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$14.60M	USD	1 Quarter
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Excess income tax benefit from employee stock awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$500.00K	USD	1 Quarter
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.30M	USD	1 Quarter
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.10M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$37.30M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$47.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$25.40M	USD	1 Quarter
Distributions to noncontrolling interests, net	`PaymentsToMinorityShareholders`	$1.70M	USD	1 Quarter
Distributions to noncontrolling interests, net	`PaymentsToMinorityShareholders`	-	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-93.40M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$185.70M	USD	1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-152.90M	USD	1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-87.50M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.30B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$920.30M	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`	$1.01B	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`	$920.30M	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`	$1.01B	USD	Point-in-time
Stock issued under employee incentive plans	`StockIssued1`	$7.10M	USD	1 Quarter
Stock issued under employee incentive plans	`StockIssued1`	$13.90M	USD	1 Quarter

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