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10-Q Filing

FORESTAR GROUP INC. CIK: 1406587 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001406587-16-000083
Period End Date 20160331
Filing Date 20160510
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance for-20160331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 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 $142.65M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 200.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $126.26M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $96.44M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 200.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $170.13M USD Point-in-time
Real estate, net InventoryRealEstateLandAndLandDevelopmentCosts $586.72M 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 $471.35M USD Point-in-time
Treasury stock, common shares TreasuryStockShares 3.04M shares Point-in-time
Oil and gas properties and equipment, net OilAndGasPropertySuccessfulEffortMethodNet $42.38M USD Point-in-time
Treasury stock, common shares TreasuryStockShares 3.20M shares Point-in-time
Oil and gas properties and equipment, net OilAndGasPropertySuccessfulEffortMethodNet $80.61M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperation - USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperation $106.55M USD Point-in-time
Investment in unconsolidated ventures EquityMethodInvestments $82.45M USD Point-in-time
Investment in unconsolidated ventures EquityMethodInvestments $79.01M USD Point-in-time
Timber TimberAndTimberlands $7.68M USD Point-in-time
Timber TimberAndTimberlands $7.69M USD Point-in-time
Receivables, net AccountsAndNotesReceivableNet $23.66M USD Point-in-time
Receivables, net AccountsAndNotesReceivableNet $9.68M USD Point-in-time
Income taxes receivable IncomeTaxReceivable $12.06M USD Point-in-time
Income taxes receivable IncomeTaxReceivable $14.36M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $3.57M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $3.21M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $10.20M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $10.73M USD Point-in-time
Goodwill and other intangible assets IntangibleAssetsNetIncludingGoodwill $63.13M USD Point-in-time
Goodwill and other intangible assets IntangibleAssetsNetIncludingGoodwill $55.86M USD Point-in-time
Other assets OtherAssets $5.55M USD Point-in-time
Other assets OtherAssets $4.76M USD Point-in-time
TOTAL ASSETS Assets $972.25M USD Point-in-time
TOTAL ASSETS Assets $948.05M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $11.96M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $8.58M USD Point-in-time
Accrued employee compensation and benefits EmployeeRelatedLiabilitiesCurrentAndNoncurrent $5.55M USD Point-in-time
Accrued employee compensation and benefits EmployeeRelatedLiabilitiesCurrentAndNoncurrent $1.71M USD Point-in-time
Accrued property taxes AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent $4.79M USD Point-in-time
Accrued property taxes AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent $2.51M USD Point-in-time
Accrued interest InterestPayableCurrentAndNoncurrent $3.27M USD Point-in-time
Accrued interest InterestPayableCurrentAndNoncurrent $6.77M USD Point-in-time
Deferred tax liability, net DeferredTaxLiabilities $1.04M USD Point-in-time
Deferred tax liability, net DeferredTaxLiabilities $1.04M USD Point-in-time
Earnest money deposits CustomerAdvancesAndDeposits $10.21M USD Point-in-time
Earnest money deposits CustomerAdvancesAndDeposits $11.01M USD Point-in-time
Other accrued expenses OtherAccruedLiabilitiesCurrentAndNoncurrent $23.48M USD Point-in-time
Other accrued expenses OtherAccruedLiabilitiesCurrentAndNoncurrent $17.72M USD Point-in-time
Liabilities held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation $751.00K USD Point-in-time
Liabilities held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation - USD Point-in-time
Other liabilities OtherLiabilities $26.32M USD Point-in-time
Other liabilities OtherLiabilities $24.75M USD Point-in-time
Debt LongTermDebt $372.76M USD Point-in-time
Debt LongTermDebt $381.51M USD Point-in-time
TOTAL LIABILITIES Liabilities $447.58M USD Point-in-time
TOTAL LIABILITIES Liabilities $468.13M 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 2016 and year-end 2015 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 2016 and year-end 2015 CommonStockValue $36.95M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $561.85M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $559.86M USD Point-in-time
Retained earnings (Accumulated deficit) RetainedEarningsAccumulatedDeficit $-46.05M USD Point-in-time
Retained earnings (Accumulated deficit) RetainedEarningsAccumulatedDeficit $-50.42M USD Point-in-time
Treasury stock, at cost, 3,038,601 shares at first quarter-end 2016 and 3,203,768 shares at year-end 2015 TreasuryStockValue $48.34M USD Point-in-time
Treasury stock, at cost, 3,038,601 shares at first quarter-end 2016 and 3,203,768 shares at year-end 2015 TreasuryStockValue $51.15M USD Point-in-time
Total Forestar Group Inc. shareholders equity StockholdersEquity $501.60M USD Point-in-time
Total Forestar Group Inc. shareholders equity StockholdersEquity $498.04M USD Point-in-time
Noncontrolling interests MinorityInterest $2.42M USD Point-in-time
Noncontrolling interests MinorityInterest $2.52M USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $500.47M USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $504.12M USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $948.05M USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $972.25M USD Point-in-time
Income Statement 56 line items
Line Item Tag Value Unit Period
Real estate sales and other SalesOfRealEstate $26.41M USD 1 Quarter
Real estate sales and other SalesOfRealEstate $21.96M USD 1 Quarter
Commercial and income producing properties CommercialAndIncomeProducingPropertiesRevenue $10.87M USD 1 Quarter
Commercial and income producing properties CommercialAndIncomeProducingPropertiesRevenue $9.69M USD 1 Quarter
Real estate RealEstateRevenueNet $32.83M USD 1 Quarter
Real estate RealEstateRevenueNet $36.10M USD 1 Quarter
Oil and gas OilAndGasRevenue $5.35M USD 1 Quarter
Oil and gas OilAndGasRevenue $13.19M USD 1 Quarter
Other natural resources OtherSalesRevenueNet $1.79M USD 1 Quarter
Other natural resources OtherSalesRevenueNet $438.00K USD 1 Quarter
Total revenues SalesRevenueNet $41.89M USD 1 Quarter
Total revenues SalesRevenueNet $47.80M USD 1 Quarter
Cost of real estate sales and other CostOfRealEstateSales $13.26M USD 1 Quarter
Cost of real estate sales and other CostOfRealEstateSales $10.36M USD 1 Quarter
Cost of commercial and income producing properties CostOfCommercialAndIncomeProducingProperties $5.16M USD 1 Quarter
Cost of commercial and income producing properties CostOfCommercialAndIncomeProducingProperties $7.69M USD 1 Quarter
Cost of oil and gas producing activities OilAndGasProductionExpense $5.19M USD 1 Quarter
Cost of oil and gas producing activities OilAndGasProductionExpense $11.54M USD 1 Quarter
Cost of other natural resources OtherCostOfOperatingRevenue $920.00K USD 1 Quarter
Cost of other natural resources OtherCostOfOperatingRevenue $385.00K USD 1 Quarter
Other operating OtherCostAndExpenseOperating $13.41M USD 1 Quarter
Other operating OtherCostAndExpenseOperating $18.06M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $8.14M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $6.48M USD 1 Quarter
Total expenses CostsAndExpenses $43.90M USD 1 Quarter
Total expenses CostsAndExpenses $56.72M USD 1 Quarter
GAIN ON SALE OF ASSETS GainLossOnDispositionOfAssets1 $2.60M USD 1 Quarter
GAIN ON SALE OF ASSETS GainLossOnDispositionOfAssets1 $1.18M USD 1 Quarter
OPERATING INCOME (LOSS) OperatingIncomeLoss $-7.74M USD 1 Quarter
OPERATING INCOME (LOSS) OperatingIncomeLoss $596.00K USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $47.00K USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $3.04M USD 1 Quarter
Interest expense InterestExpense $8.82M USD 1 Quarter
Interest expense InterestExpense $7.64M USD 1 Quarter
Other non-operating income OtherNonoperatingIncome $917.00K USD 1 Quarter
Other non-operating income OtherNonoperatingIncome $74.00K USD 1 Quarter
INCOME (LOSS) BEFORE TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-12.60M USD 1 Quarter
INCOME (LOSS) BEFORE TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-6.92M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-2.63M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-4.36M USD 1 Quarter
CONSOLIDATED NET INCOME (LOSS) ProfitLoss $-8.24M USD 1 Quarter
CONSOLIDATED NET INCOME (LOSS) ProfitLoss $-4.30M USD 1 Quarter
Less: Net (income) loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $80.00K USD 1 Quarter
Less: Net (income) loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-79.00K USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO FORESTAR GROUP INC. NetIncomeLoss $-8.16M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO FORESTAR GROUP INC. NetIncomeLoss $-4.38M USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 34.17M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 34.30M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 34.17M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 34.30M shares 1 Quarter
Basic (usd per share) EarningsPerShareBasic $-0.13 USD 1 Quarter
Basic (usd per share) EarningsPerShareBasic $-0.24 USD 1 Quarter
Diluted (usd per share) EarningsPerShareDiluted $-0.24 USD 1 Quarter
Diluted (usd per share) EarningsPerShareDiluted $-0.13 USD 1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTax $-8.16M USD 1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTax $-4.38M USD 1 Quarter
Cash Flow Statement 72 line items
Line Item Tag Value Unit Period
Consolidated net income (loss) ProfitLoss $-8.24M USD 1 Quarter
Consolidated net income (loss) ProfitLoss $-4.30M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $11.32M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $4.79M USD 1 Quarter
Change in deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $4.36M USD 1 Quarter
Change in deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes - USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $47.00K USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $3.04M USD 1 Quarter
Distributions of earnings of unconsolidated ventures EquityMethodInvestmentDividendsOrDistributions $1.30M USD 1 Quarter
Distributions of earnings of unconsolidated ventures EquityMethodInvestmentDividendsOrDistributions $2.85M USD 1 Quarter
Share-based compensation ShareBasedCompensation $1.38M USD 1 Quarter
Share-based compensation ShareBasedCompensation $3.34M USD 1 Quarter
Real estate cost of sales RealEstateCostOfSales $9.88M USD 1 Quarter
Real estate cost of sales RealEstateCostOfSales $12.84M USD 1 Quarter
Dry hole and unproved leasehold impairment charges ExplorationAbandonmentAndImpairmentExpense $86.00K USD 1 Quarter
Dry hole and unproved leasehold impairment charges ExplorationAbandonmentAndImpairmentExpense - USD 1 Quarter
Real estate development and acquisition expenditures, net PaymentsToAcquireAndDevelopRealEstate $34.77M USD 1 Quarter
Real estate development and acquisition expenditures, net PaymentsToAcquireAndDevelopRealEstate $14.79M USD 1 Quarter
Reimbursements from utility and improvement districts RecoveryOfDirectCosts $-306.00K USD 1 Quarter
Reimbursements from utility and improvement districts RecoveryOfDirectCosts $-4.13M USD 1 Quarter
Gain on sale of assets GainLossOnDispositionOfAssets1 $2.60M USD 1 Quarter
Gain on sale of assets GainLossOnDispositionOfAssets1 $1.18M USD 1 Quarter
Other OtherNoncashIncomeExpense $-1.73M USD 1 Quarter
Other OtherNoncashIncomeExpense $-1.82M USD 1 Quarter
Notes and accounts receivable IncreaseDecreaseInAccountsAndNotesReceivable $-7.02M USD 1 Quarter
Notes and accounts receivable IncreaseDecreaseInAccountsAndNotesReceivable $-13.98M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-2.69M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $660.00K USD 1 Quarter
Accounts payable and other accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-6.70M USD 1 Quarter
Accounts payable and other accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-15.64M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $5.41M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-2.30M USD 1 Quarter
Net cash provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $5.01M USD 1 Quarter
Net cash provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $-18.77M USD 1 Quarter
Property, equipment, software, reforestation and other PaymentsToAcquireProductiveAssets $2.81M USD 1 Quarter
Property, equipment, software, reforestation and other PaymentsToAcquireProductiveAssets $3.50M USD 1 Quarter
Oil and gas properties and equipment PaymentsToAcquireOilAndGasPropertyAndEquipment $426.00K USD 1 Quarter
Oil and gas properties and equipment PaymentsToAcquireOilAndGasPropertyAndEquipment $23.72M USD 1 Quarter
Investment in unconsolidated ventures PaymentsToAcquireEquityMethodInvestments $3.02M USD 1 Quarter
Investment in unconsolidated ventures PaymentsToAcquireEquityMethodInvestments $831.00K USD 1 Quarter
Proceeds from sales of assets ProceedsFromSalesOfAssetsInvestingActivities $56.83M USD 1 Quarter
Proceeds from sales of assets ProceedsFromSalesOfAssetsInvestingActivities $2.00M USD 1 Quarter
Return of investment in unconsolidated ventures ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $655.00K USD 1 Quarter
Return of investment in unconsolidated ventures ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $1.57M USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $51.45M USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $-24.70M USD 1 Quarter
Payments of debt RepaymentsOfLongTermDebt $11.19M USD 1 Quarter
Payments of debt RepaymentsOfLongTermDebt $2.46M USD 1 Quarter
Additions to debt ProceedsFromIssuanceOfLongTermDebt $3.12M USD 1 Quarter
Additions to debt ProceedsFromIssuanceOfLongTermDebt $1.31M USD 1 Quarter
Deferred financing fees PaymentsOfFinancingCosts - USD 1 Quarter
Deferred financing fees PaymentsOfFinancingCosts $6.00K USD 1 Quarter
Distributions to noncontrolling interests, net PaymentsToMinorityShareholders $338.00K USD 1 Quarter
Distributions to noncontrolling interests, net PaymentsToMinorityShareholders $171.00K USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised - USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $14.00K USD 1 Quarter
Payroll taxes on issuance of stock-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $205.00K USD 1 Quarter
Payroll taxes on issuance of stock-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $723.00K USD 1 Quarter
Excess income tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities - USD 1 Quarter
Excess income tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.00K USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-10.25M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-396.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-43.87M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $46.20M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $142.65M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $126.26M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $96.44M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $170.13M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $142.65M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $126.26M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $96.44M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $170.13M USD Point-in-time

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

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