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10-Q Filing

FORESTAR GROUP INC. CIK: 1406587 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001193125-13-211443
Period End Date 20130331
Filing Date 20130509
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance for-20130331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 line items
Line Item Tag Value Unit Period
Common stock, par value CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $6.80M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $10.36M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $18.28M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 200.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 200.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $86.65M USD Point-in-time
Real estate, net InventoryRealEstateLandAndLandDevelopmentCosts $517.15M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 36.95M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 36.95M shares Point-in-time
Real estate, net InventoryRealEstateLandAndLandDevelopmentCosts $493.10M USD Point-in-time
Treasury stock, common shares TreasuryStockShares 2.31M shares Point-in-time
Oil and gas properties and equipment, net OilAndGasPropertySuccessfulEffortMethodNet $168.39M USD Point-in-time
Oil and gas properties and equipment, net OilAndGasPropertySuccessfulEffortMethodNet $158.43M USD Point-in-time
Treasury stock, common shares TreasuryStockShares 2.33M shares Point-in-time
Investment in unconsolidated ventures EquityMethodInvestments $41.89M USD Point-in-time
Investment in unconsolidated ventures EquityMethodInvestments $41.55M USD Point-in-time
Timber TimberAndTimberlands $11.97M USD Point-in-time
Timber TimberAndTimberlands $12.29M USD Point-in-time
Receivables, net AccountsAndNotesReceivableNet $33.62M USD Point-in-time
Receivables, net AccountsAndNotesReceivableNet $34.09M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $7.01M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $6.46M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $4.68M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $4.86M USD Point-in-time
Deferred tax asset, net DeferredTaxAssetsLiabilitiesNet $54.75M USD Point-in-time
Deferred tax asset, net DeferredTaxAssetsLiabilitiesNet $43.60M USD Point-in-time
Goodwill and other intangible assets IntangibleAssetsNetIncludingGoodwill $63.87M USD Point-in-time
Goodwill and other intangible assets IntangibleAssetsNetIncludingGoodwill $64.14M USD Point-in-time
Other assets OtherAssets $15.10M USD Point-in-time
Other assets OtherAssets $17.14M USD Point-in-time
TOTAL ASSETS Assets $918.43M USD Point-in-time
TOTAL ASSETS Assets $972.68M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $25.80M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $22.45M USD Point-in-time
Accrued employee compensation and benefits EmployeeRelatedLiabilitiesCurrentAndNoncurrent $5.67M USD Point-in-time
Accrued employee compensation and benefits EmployeeRelatedLiabilitiesCurrentAndNoncurrent $930.00K USD Point-in-time
Accrued property taxes AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent $4.23M USD Point-in-time
Accrued property taxes AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent $2.48M USD Point-in-time
Accrued interest InterestPayableCurrentAndNoncurrent $1.17M USD Point-in-time
Accrued interest InterestPayableCurrentAndNoncurrent $1.47M USD Point-in-time
Income taxes payable AccruedIncomeTaxes $587.00K USD Point-in-time
Income taxes payable AccruedIncomeTaxes $1.42M USD Point-in-time
Other accrued expenses OtherAccruedLiabilitiesCurrentAndNoncurrent $17.32M USD Point-in-time
Other accrued expenses OtherAccruedLiabilitiesCurrentAndNoncurrent $15.17M USD Point-in-time
Other liabilities OtherLiabilities $38.20M USD Point-in-time
Other liabilities OtherLiabilities $36.70M USD Point-in-time
Debt LongTermDebt $328.62M USD Point-in-time
Debt LongTermDebt $294.06M USD Point-in-time
TOTAL LIABILITIES Liabilities $384.89M USD Point-in-time
TOTAL LIABILITIES Liabilities $411.39M USD Point-in-time
COMMITMENTS AND CONTINGENCIES CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS AND CONTINGENCIES CommitmentsAndContingencies - USD Point-in-time
Common stock, par value $1.00 per share, 200,000,000 authorized shares, 36,946,603 issued at first quarter-end 2013 and year-end 2012 CommonStockValue $36.95M USD Point-in-time
Common stock, par value $1.00 per share, 200,000,000 authorized shares, 36,946,603 issued at first quarter-end 2013 and year-end 2012 CommonStockValue $36.95M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $407.21M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $430.84M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $121.10M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $125.05M USD Point-in-time
Treasury stock, at cost, 2,313,816 shares at first quarter-end 2013 and 2,327,623 shares at year-end 2012 TreasuryStockValue $35.89M USD Point-in-time
Treasury stock, at cost, 2,313,816 shares at first quarter-end 2013 and 2,327,623 shares at year-end 2012 TreasuryStockValue $35.76M USD Point-in-time
Total Forestar Group Inc. shareholders' equity StockholdersEquity $556.94M USD Point-in-time
Total Forestar Group Inc. shareholders' equity StockholdersEquity $529.49M USD Point-in-time
Noncontrolling interests MinorityInterest $4.06M USD Point-in-time
Noncontrolling interests MinorityInterest $4.34M USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $561.29M USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $533.55M USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $972.68M USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $918.43M USD Point-in-time
Income Statement 55 line items
Line Item Tag Value Unit Period
Real estate sales and other SalesOfRealEstate $24.52M USD 1 Quarter
Real estate sales and other SalesOfRealEstate $10.64M USD 1 Quarter
Commercial and income producing properties CommercialAndIncomeProducingPropertiesRevenue $54.17M USD 1 Quarter
Commercial and income producing properties CommercialAndIncomeProducingPropertiesRevenue $7.28M USD 1 Quarter
Real estate RealEstateRevenueNet $78.69M USD 1 Quarter
Real estate RealEstateRevenueNet $17.92M USD 1 Quarter
Oil and gas OilAndGasRevenue $15.50M USD 1 Quarter
Oil and gas OilAndGasRevenue $9.43M USD 1 Quarter
Other natural resources OtherSalesRevenueNet $744.00K USD 1 Quarter
Other natural resources OtherSalesRevenueNet $3.28M USD 1 Quarter
Total revenues SalesRevenueNet $28.09M USD 1 Quarter
Total revenues SalesRevenueNet $97.47M USD 1 Quarter
Cost of real estate sales and other CostOfRealEstateSales $12.10M USD 1 Quarter
Cost of real estate sales and other CostOfRealEstateSales $5.77M USD 1 Quarter
Cost of commercial and income producing properties CostOfCommercialAndIncomeProducingProperties $40.95M USD 1 Quarter
Cost of commercial and income producing properties CostOfCommercialAndIncomeProducingProperties $4.56M USD 1 Quarter
Cost of oil and gas producing activities OilAndGasProductionExpense $7.83M USD 1 Quarter
Cost of oil and gas producing activities OilAndGasProductionExpense $913.00K USD 1 Quarter
Cost of other natural resources OtherCostOfOperatingRevenue $692.00K USD 1 Quarter
Cost of other natural resources OtherCostOfOperatingRevenue $590.00K USD 1 Quarter
Other operating OtherCostAndExpenseOperating $12.98M USD 1 Quarter
Other operating OtherCostAndExpenseOperating $15.91M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $6.96M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $10.47M USD 1 Quarter
Total expenses CostsAndExpenses $87.95M USD 1 Quarter
Total expenses CostsAndExpenses $31.78M USD 1 Quarter
GAIN ON SALE OF ASSETS GainsLossesOnSalesOfAssets $11.91M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $9.52M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $8.22M USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $724.00K USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $913.00K USD 1 Quarter
Interest expense InterestExpense $3.89M USD 1 Quarter
Interest expense InterestExpense $4.54M USD 1 Quarter
Other non-operating income OtherNonoperatingIncome $64.00K USD 1 Quarter
Other non-operating income OtherNonoperatingIncome $1.14M USD 1 Quarter
INCOME BEFORE TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $7.04M USD 1 Quarter
INCOME BEFORE TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $5.12M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.62M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.99M USD 1 Quarter
CONSOLIDATED NET INCOME ProfitLoss $3.50M USD 1 Quarter
CONSOLIDATED NET INCOME ProfitLoss $5.04M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $695.00K USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.09M USD 1 Quarter
NET INCOME ATTRIBUTABLE TO FORESTAR GROUP INC. NetIncomeLoss $3.95M USD 1 Quarter
NET INCOME ATTRIBUTABLE TO FORESTAR GROUP INC. NetIncomeLoss $2.80M USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 35.26M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 34.85M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 35.17M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 35.72M shares 1 Quarter
Basic EarningsPerShareBasic $0.08 USD 1 Quarter
Basic EarningsPerShareBasic $0.11 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.11 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.08 USD 1 Quarter
TOTAL COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $2.80M USD 1 Quarter
TOTAL COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $3.95M USD 1 Quarter
Cash Flow Statement 78 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $3.50M USD 1 Quarter
Consolidated net income ProfitLoss $5.04M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $6.29M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $2.36M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $649.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-1.46M USD 1 Quarter
Tax benefits not recognized for book purposes TaxBenefitNotRecognizedForBookPurposes $37.00K USD 1 Quarter
Tax benefits not recognized for book purposes TaxBenefitNotRecognizedForBookPurposes $38.00K USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $724.00K USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $913.00K USD 1 Quarter
Distributions of earnings to noncontrolling interests DistributionsOfEarningsToNonControllingInterests $632.00K USD 1 Quarter
Distributions of earnings to noncontrolling interests DistributionsOfEarningsToNonControllingInterests $848.00K USD 1 Quarter
Share-based compensation ShareBasedCompensation $10.41M USD 1 Quarter
Share-based compensation ShareBasedCompensation $5.23M USD 1 Quarter
Real estate cost of sales RealEstateCostOfSales $5.48M USD 1 Quarter
Real estate cost of sales RealEstateCostOfSales $41.34M USD 1 Quarter
Dry hole exploration costs DryHoleExplorationCosts $742.00K USD 1 Quarter
Real estate development and acquisition expenditures, net PaymentsToAcquireAndDevelopRealEstate $36.75M USD 1 Quarter
Real estate development and acquisition expenditures, net PaymentsToAcquireAndDevelopRealEstate $17.57M USD 1 Quarter
Reimbursements from utility and improvement districts RecoveryOfDirectCosts $209.00K USD 1 Quarter
Reimbursements from utility and improvement districts RecoveryOfDirectCosts $108.00K USD 1 Quarter
Other changes in real estate OtherChangesInRealEstate $-140.00K USD 1 Quarter
Other changes in real estate OtherChangesInRealEstate $-603.00K USD 1 Quarter
Deferred income RecognitionOfDeferredRevenue $2.43M USD 1 Quarter
Deferred income RecognitionOfDeferredRevenue $1.02M USD 1 Quarter
Gain on sale of assets GainsLossesOnSalesOfAssets $11.91M USD 1 Quarter
Other OtherNoncashIncomeExpense $-187.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-129.00K USD 1 Quarter
Notes and accounts receivable IncreaseDecreaseInAccountsAndNotesReceivable $1.15M USD 1 Quarter
Notes and accounts receivable IncreaseDecreaseInAccountsAndNotesReceivable $-643.00K USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $26.00K USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-203.00K USD 1 Quarter
Accounts payable and other accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-7.82M USD 1 Quarter
Accounts payable and other accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-17.10M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-5.79M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $833.00K USD 1 Quarter
Net cash provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $32.45M USD 1 Quarter
Net cash provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $-47.51M USD 1 Quarter
Property, equipment, software and reforestation and other PaymentsToAcquireProductiveAssets $915.00K USD 1 Quarter
Property, equipment, software and reforestation and other PaymentsToAcquireProductiveAssets $863.00K USD 1 Quarter
Oil and gas properties and equipment PaymentsToAcquireOilAndGasPropertyAndEquipment $12.98M USD 1 Quarter
Oil and gas properties and equipment PaymentsToAcquireOilAndGasPropertyAndEquipment $1.97M USD 1 Quarter
Investment in unconsolidated ventures PaymentsToAcquireEquityMethodInvestments $745.00K USD 1 Quarter
Investment in unconsolidated ventures PaymentsToAcquireEquityMethodInvestments $117.00K USD 1 Quarter
Return of investment in unconsolidated ventures EquityMethodInvestmentReturnOfInvestment $266.00K USD 1 Quarter
Return of investment in unconsolidated ventures EquityMethodInvestmentReturnOfInvestment $1.06M USD 1 Quarter
Proceeds from sale of venture interest ProceedsFromSaleOfEquityMethodInvestments $32.09M USD 1 Quarter
Other ProceedsFromOtherInvestingActivities $74.00K USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $29.41M USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $-13.50M USD 1 Quarter
Proceeds from issuance of convertible senior notes, net ProceedsFromConvertibleDebt $121.25M USD 1 Quarter
Payments of debt RepaymentsOfLongTermDebt $27.41M USD 1 Quarter
Payments of debt RepaymentsOfLongTermDebt $90.75M USD 1 Quarter
Additions to debt ProceedsFromIssuanceOfLongTermDebt $33.69M USD 1 Quarter
Additions to debt ProceedsFromIssuanceOfLongTermDebt $27.71M USD 1 Quarter
Deferred financing fees PaymentsOfFinancingCosts $31.00K USD 1 Quarter
Deferred financing fees PaymentsOfFinancingCosts $470.00K USD 1 Quarter
Distributions to noncontrolling interest PaymentsToMinorityShareholders $40.00K USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $1.14M USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $533.00K USD 1 Quarter
Payroll taxes on restricted stock and stock options PayrollTaxesOnRestrictedStockAndStockOptions $1.02M USD 1 Quarter
Payroll taxes on restricted stock and stock options PayrollTaxesOnRestrictedStockAndStockOptions $1.15M USD 1 Quarter
Tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $54.00K USD 1 Quarter
Tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $390.00K USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $32.00K USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $39.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $57.35M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $6.62M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $76.29M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-11.48M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $6.80M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $10.36M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $18.28M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $86.65M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $6.80M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $10.36M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $18.28M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $86.65M USD Point-in-time

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

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