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10-Q Filing

FORESTAR GROUP INC. CIK: 1406587 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001406587-14-000028
Period End Date 20140331
Filing Date 20140509
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance for-20140331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 line items
Line Item Tag Value Unit Period
Preferred Stock, Par or Stated Value Per Share PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred Stock, Par or Stated Value Per Share PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $10.36M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $147.98M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $86.65M USD Point-in-time
Preferred Stock, Shares Authorized PreferredStockSharesAuthorized 25.00M shares Point-in-time
Preferred Stock, Shares Authorized PreferredStockSharesAuthorized 25.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $192.31M USD Point-in-time
Preferred Stock, Shares Issued PreferredStockSharesIssued 0.00 shares Point-in-time
Real estate, net InventoryRealEstateLandAndLandDevelopmentCosts $519.46M USD Point-in-time
Preferred Stock, Shares Issued PreferredStockSharesIssued 0.00 shares Point-in-time
Real estate, net InventoryRealEstateLandAndLandDevelopmentCosts $526.81M USD Point-in-time
Oil and gas properties and equipment, net OilAndGasPropertySuccessfulEffortMethodNet $232.64M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Oil and gas properties and equipment, net OilAndGasPropertySuccessfulEffortMethodNet $242.45M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $1.00 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
Investment in unconsolidated ventures EquityMethodInvestments $41.15M USD Point-in-time
Investment in unconsolidated ventures EquityMethodInvestments $50.46M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 36.95M shares Point-in-time
Timber TimberAndTimberlands $10.95M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 36.95M shares Point-in-time
Timber TimberAndTimberlands $10.23M USD Point-in-time
Receivables, net AccountsAndNotesReceivableNet $31.94M USD Point-in-time
Treasury stock, common shares TreasuryStockShares 2.03M shares Point-in-time
Receivables, net AccountsAndNotesReceivableNet $39.25M USD Point-in-time
Treasury stock, common shares TreasuryStockShares 2.20M shares Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $5.14M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $5.61M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $6.11M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $6.28M USD Point-in-time
Deferred tax asset, net DeferredTaxAssetsLiabilitiesNet $40.40M USD Point-in-time
Deferred tax asset, net DeferredTaxAssetsLiabilitiesNet $39.16M USD Point-in-time
Goodwill and other intangible assets IntangibleAssetsNetIncludingGoodwill $66.65M USD Point-in-time
Goodwill and other intangible assets IntangibleAssetsNetIncludingGoodwill $66.62M USD Point-in-time
Other assets OtherAssets $18.10M USD Point-in-time
Other assets OtherAssets $15.71M USD Point-in-time
TOTAL ASSETS Assets $1.14B USD Point-in-time
TOTAL ASSETS Assets $1.17B USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $15.84M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $21.41M USD Point-in-time
Accrued employee compensation and benefits EmployeeRelatedLiabilitiesCurrentAndNoncurrent $5.81M USD Point-in-time
Accrued employee compensation and benefits EmployeeRelatedLiabilitiesCurrentAndNoncurrent $2.28M USD Point-in-time
Accrued property taxes AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent $2.35M USD Point-in-time
Accrued property taxes AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent $3.82M USD Point-in-time
Accrued interest InterestPayableCurrentAndNoncurrent $1.14M USD Point-in-time
Accrued interest InterestPayableCurrentAndNoncurrent $2.34M USD Point-in-time
Income taxes payable AccruedIncomeTaxes $1.71M USD Point-in-time
Income taxes payable AccruedIncomeTaxes $3.88M USD Point-in-time
Other accrued expenses OtherAccruedLiabilitiesCurrentAndNoncurrent $32.93M USD Point-in-time
Other accrued expenses OtherAccruedLiabilitiesCurrentAndNoncurrent $33.18M USD Point-in-time
Other liabilities OtherLiabilities $29.16M USD Point-in-time
Other liabilities OtherLiabilities $19.19M USD Point-in-time
Debt LongTermDebt $357.41M USD Point-in-time
Debt LongTermDebt $345.41M USD Point-in-time
TOTAL LIABILITIES Liabilities $421.11M USD Point-in-time
TOTAL LIABILITIES Liabilities $456.75M USD Point-in-time
COMMITMENTS AND CONTINGENCIES CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS AND CONTINGENCIES CommitmentsAndContingencies - USD Point-in-time
Preferred Stock, Value, Issued PreferredStockValue - USD Point-in-time
Preferred Stock, Value, Issued PreferredStockValue - 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 2014 and year-end 2013 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 2014 and year-end 2013 CommonStockValue $36.95M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $554.41M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $556.68M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $150.42M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $158.75M USD Point-in-time
Treasury stock, at cost, 2,031,919 shares at first quarter-end 2014 and 2,199,666 shares at year-end 2013 TreasuryStockValue $31.78M USD Point-in-time
Treasury stock, at cost, 2,031,919 shares at first quarter-end 2014 and 2,199,666 shares at year-end 2013 TreasuryStockValue $34.20M USD Point-in-time
Total Forestar Group Inc. shareholders equity StockholdersEquity $718.34M USD Point-in-time
Total Forestar Group Inc. shareholders equity StockholdersEquity $709.85M USD Point-in-time
Noncontrolling interests MinorityInterest $5.55M USD Point-in-time
Noncontrolling interests MinorityInterest $3.80M USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $715.40M USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $722.13M USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $1.17B USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $1.14B USD Point-in-time
Income Statement 54 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 $55.55M USD 1 Quarter
Commercial and income producing properties CommercialAndIncomeProducingPropertiesRevenue $9.93M USD 1 Quarter
Commercial and income producing properties CommercialAndIncomeProducingPropertiesRevenue $54.17M USD 1 Quarter
Real estate RealEstateRevenueNet $78.69M USD 1 Quarter
Real estate RealEstateRevenueNet $65.48M USD 1 Quarter
Oil and gas OilAndGasRevenue $17.55M USD 1 Quarter
Oil and gas OilAndGasRevenue $15.50M USD 1 Quarter
Other natural resources OtherSalesRevenueNet $1.57M USD 1 Quarter
Other natural resources OtherSalesRevenueNet $3.28M USD 1 Quarter
Total revenues SalesRevenueNet $84.61M USD 1 Quarter
Total revenues SalesRevenueNet $97.47M USD 1 Quarter
Cost of real estate sales and other CostOfRealEstateSales $26.06M USD 1 Quarter
Cost of real estate sales and other CostOfRealEstateSales $12.10M USD 1 Quarter
Cost of commercial and income producing properties CostOfCommercialAndIncomeProducingProperties $40.95M USD 1 Quarter
Cost of commercial and income producing properties CostOfCommercialAndIncomeProducingProperties $10.12M USD 1 Quarter
Cost of oil and gas producing activities OilAndGasProductionExpense $12.62M USD 1 Quarter
Cost of oil and gas producing activities OilAndGasProductionExpense $7.83M USD 1 Quarter
Cost of other natural resources OtherCostOfOperatingRevenue $776.00K USD 1 Quarter
Cost of other natural resources OtherCostOfOperatingRevenue $692.00K USD 1 Quarter
Other operating OtherCostAndExpenseOperating $15.91M USD 1 Quarter
Other operating OtherCostAndExpenseOperating $14.00M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $10.47M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $5.14M USD 1 Quarter
Total expenses CostsAndExpenses $68.72M USD 1 Quarter
Total expenses CostsAndExpenses $87.95M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $15.88M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $9.52M USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $913.00K USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $991.00K USD 1 Quarter
Interest expense InterestExpense $5.50M USD 1 Quarter
Interest expense InterestExpense $4.54M USD 1 Quarter
Other non-operating income OtherNonoperatingIncome $1.14M USD 1 Quarter
Other non-operating income OtherNonoperatingIncome $2.29M USD 1 Quarter
INCOME (LOSS) BEFORE TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $7.04M USD 1 Quarter
INCOME (LOSS) BEFORE TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $13.66M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.99M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $4.66M USD 1 Quarter
CONSOLIDATED NET INCOME ProfitLoss $9.01M USD 1 Quarter
CONSOLIDATED NET INCOME ProfitLoss $5.04M USD 1 Quarter
Less: Net (income) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.09M USD 1 Quarter
Less: Net (income) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $673.00K USD 1 Quarter
NET INCOME ATTRIBUTABLE TO FORESTAR GROUP INC. NetIncomeLoss $8.33M USD 1 Quarter
NET INCOME ATTRIBUTABLE TO FORESTAR GROUP INC. NetIncomeLoss $3.95M USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 35.26M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 35.58M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 43.91M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 35.72M shares 1 Quarter
Basic EarningsPerShareBasic $0.11 USD 1 Quarter
Basic EarningsPerShareBasic $0.20 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.11 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.19 USD 1 Quarter
TOTAL COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $8.33M USD 1 Quarter
TOTAL COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $3.95M USD 1 Quarter
Cash Flow Statement 80 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $9.01M 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 $7.44M USD 1 Quarter
Change in deferred income taxes DeferredIncomeTaxExpenseBenefit $649.00K USD 1 Quarter
Change in deferred income taxes DeferredIncomeTaxExpenseBenefit $2.98M USD 1 Quarter
Change in unrecognized tax benefits UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense $37.00K USD 1 Quarter
Change in unrecognized tax benefits UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense - USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $913.00K USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $991.00K USD 1 Quarter
Distributions of earnings of unconsolidated ventures EquityMethodInvestmentDividendsOrDistributions - USD 1 Quarter
Distributions of earnings of unconsolidated ventures EquityMethodInvestmentDividendsOrDistributions $1.02M USD 1 Quarter
Share-based compensation ShareBasedCompensation $313.00K USD 1 Quarter
Share-based compensation ShareBasedCompensation $10.41M USD 1 Quarter
Real estate cost of sales RealEstateCostOfSales $24.81M USD 1 Quarter
Real estate cost of sales RealEstateCostOfSales $41.34M USD 1 Quarter
Dry hole exploration costs ResultsOfOperationsDryHoleCosts $742.00K USD 1 Quarter
Dry hole exploration costs ResultsOfOperationsDryHoleCosts $1.63M USD 1 Quarter
Real estate development and acquisition expenditures, net PaymentsToAcquireAndDevelopRealEstate $17.57M USD 1 Quarter
Real estate development and acquisition expenditures, net PaymentsToAcquireAndDevelopRealEstate $35.03M USD 1 Quarter
Reimbursements from utility and improvement districts RecoveryOfDirectCosts $1.54M USD 1 Quarter
Reimbursements from utility and improvement districts RecoveryOfDirectCosts $209.00K USD 1 Quarter
Other changes in real estate OtherChangesInRealEstate $-140.00K USD 1 Quarter
Other changes in real estate OtherChangesInRealEstate $-652.00K USD 1 Quarter
Changes in deferred income RecognitionOfDeferredRevenue $132.00K USD 1 Quarter
Changes in deferred income RecognitionOfDeferredRevenue $-2.43M USD 1 Quarter
Other OtherNoncashIncomeExpense $-1.37M USD 1 Quarter
Other OtherNoncashIncomeExpense $-129.00K USD 1 Quarter
Notes and accounts receivable IncreaseDecreaseInAccountsAndNotesReceivable $-7.43M 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 $-790.00K USD 1 Quarter
Accounts payable and other accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-17.10M USD 1 Quarter
Accounts payable and other accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-15.10M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $833.00K USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-2.17M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $5.54M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $33.30M USD 1 Quarter
Property, equipment, software and reforestation and other PaymentsToAcquireProductiveAssets $4.70M USD 1 Quarter
Property, equipment, software and reforestation and other PaymentsToAcquireProductiveAssets $915.00K USD 1 Quarter
Oil and gas properties and equipment PaymentsToAcquireOilAndGasPropertyAndEquipment $19.36M USD 1 Quarter
Oil and gas properties and equipment PaymentsToAcquireOilAndGasPropertyAndEquipment $12.98M USD 1 Quarter
Investment in unconsolidated ventures PaymentsToAcquireInterestInJointVenture $745.00K USD 1 Quarter
Investment in unconsolidated ventures PaymentsToAcquireInterestInJointVenture $4.29M USD 1 Quarter
Return of investment in unconsolidated ventures ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $155.00K USD 1 Quarter
Return of investment in unconsolidated ventures ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $1.06M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-74.00K USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-28.19M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-13.50M USD 1 Quarter
Proceeds from issuance of convertible senior notes, net ProceedsFromConvertibleDebt - USD 1 Quarter
Proceeds from issuance of convertible senior notes, net ProceedsFromConvertibleDebt $120.80M USD 1 Quarter
Payments of debt RepaymentsOfLongTermDebt $90.75M USD 1 Quarter
Payments of debt RepaymentsOfLongTermDebt $15.71M USD 1 Quarter
Additions to debt ProceedsFromIssuanceOfLongTermDebt $2.61M USD 1 Quarter
Additions to debt ProceedsFromIssuanceOfLongTermDebt $27.71M USD 1 Quarter
Deferred financing fees PaymentsOfFinancingCosts $15.00K USD 1 Quarter
Deferred financing fees PaymentsOfFinancingCosts - USD 1 Quarter
Distributions to noncontrolling interests, net PaymentsToMinorityShareholders $498.00K USD 1 Quarter
Distributions to noncontrolling interests, net PaymentsToMinorityShareholders $809.00K USD 1 Quarter
Purchase of noncontrolling interests PaymentsToAcquireAdditionalInterestInSubsidiaries - USD 1 Quarter
Purchase of noncontrolling interests PaymentsToAcquireAdditionalInterestInSubsidiaries $7.97M USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $533.00K USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $754.00K USD 1 Quarter
Payroll taxes on issuance of stock-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $879.00K USD 1 Quarter
Payroll taxes on issuance of stock-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.02M USD 1 Quarter
Excess income tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $54.00K USD 1 Quarter
Excess income tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $20.00K USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-21.68M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $56.50M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-44.33M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $76.29M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $10.36M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $147.98M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $86.65M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $192.31M 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 $147.98M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $86.65M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $192.31M USD Point-in-time

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

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