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10-Q Filing

FORESTAR GROUP INC. CIK: 1406587 Q2 2018
Filing Information
Form Type 10-Q
Accession Number 0001406587-18-000004
Period End Date 20180331
Filing Date 20180509
Fiscal Year 2018
Fiscal Period Q2
XBRL Instance for-20180331.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 (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $265.80M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $337.43M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $436.40M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 200.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $321.78M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 200.00M shares Point-in-time
Restricted cash RestrictedCash $40.02M USD Point-in-time
Restricted cash RestrictedCash $40.01M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 41.94M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 41.94M shares Point-in-time
Real estate InventoryRealEstateLandAndLandDevelopmentCosts $261.71M USD Point-in-time
Real estate InventoryRealEstateLandAndLandDevelopmentCosts $130.38M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $1.36M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $181.61M USD Point-in-time
Investment in unconsolidated ventures EquityMethodInvestments $64.58M USD Point-in-time
Investment in unconsolidated ventures EquityMethodInvestments $17.28M USD Point-in-time
Receivables, net AccountsAndNotesReceivableNet $4.56M USD Point-in-time
Receivables, net AccountsAndNotesReceivableNet $6.31M USD Point-in-time
Income taxes receivable IncomeTaxReceivable $7.24M USD Point-in-time
Income taxes receivable IncomeTaxReceivable $6.67M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $3.12M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $5.96M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.83M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $2.00M USD Point-in-time
Deferred tax asset, net DeferredTaxAssetsLiabilitiesNet $1.37M USD Point-in-time
Deferred tax asset, net DeferredTaxAssetsLiabilitiesNet $2.03M USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $448.00K USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $448.00K USD Point-in-time
Other assets OtherAssets $2.97M USD Point-in-time
Other assets OtherAssets $2.92M USD Point-in-time
TOTAL ASSETS Assets $761.91M USD Point-in-time
TOTAL ASSETS Assets $781.10M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $2.38M USD Point-in-time
Accounts payable AccountsPayableCurrentAndNoncurrent $2.07M USD Point-in-time
Accrued employee compensation and benefits EmployeeRelatedLiabilitiesCurrentAndNoncurrent $4.67M USD Point-in-time
Accrued employee compensation and benefits EmployeeRelatedLiabilitiesCurrentAndNoncurrent $8.99M USD Point-in-time
Accrued property taxes AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent $2.15M USD Point-in-time
Accrued property taxes AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent $653.00K USD Point-in-time
Accrued interest InterestPayableCurrentAndNoncurrent $1.49M USD Point-in-time
Accrued interest InterestPayableCurrentAndNoncurrent $376.00K USD Point-in-time
Earnest money deposits CustomerAdvancesAndDeposits $26.42M USD Point-in-time
Earnest money deposits CustomerAdvancesAndDeposits $11.94M USD Point-in-time
Other accrued expenses OtherAccruedLiabilitiesCurrentAndNoncurrent $12.17M USD Point-in-time
Other accrued expenses OtherAccruedLiabilitiesCurrentAndNoncurrent $5.94M USD Point-in-time
Liabilities held for sale LiabilitiesHeldforsaleNotPartofDisposalGroup - USD Point-in-time
Liabilities held for sale LiabilitiesHeldforsaleNotPartofDisposalGroup $1.02M USD Point-in-time
Other liabilities OtherLiabilities $13.93M USD Point-in-time
Other liabilities OtherLiabilities $14.91M USD Point-in-time
Debt, net LongTermDebt $109.83M USD Point-in-time
Debt, net LongTermDebt $108.43M USD Point-in-time
TOTAL LIABILITIES Liabilities $171.09M USD Point-in-time
TOTAL LIABILITIES Liabilities $156.28M USD Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 13) CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 13) CommitmentsAndContingencies - USD Point-in-time
Common stock, par value $1.00 per share, 200,000,000 authorized shares, 41,938,936 issued at March 31, 2018 and at December 31, 2017 CommonStockValue $41.94M USD Point-in-time
Common stock, par value $1.00 per share, 200,000,000 authorized shares, 41,938,936 issued at March 31, 2018 and at December 31, 2017 CommonStockValue $41.94M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $506.07M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $505.98M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $56.30M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $60.83M USD Point-in-time
Total Forestar Group Inc. shareholders equity StockholdersEquity $604.21M USD Point-in-time
Total Forestar Group Inc. shareholders equity StockholdersEquity $608.84M USD Point-in-time
Noncontrolling interests MinorityInterest $1.17M USD Point-in-time
Noncontrolling interests MinorityInterest $1.42M USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $610.01M USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $605.63M USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $781.10M USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $761.91M USD Point-in-time
Income Statement 56 line items
Line Item Tag Value Unit Period
Real estate sales SalesOfRealEstate $22.57M USD 1 Quarter
Real estate sales SalesOfRealEstate $20.75M USD 1 Quarter
Other OtherSalesRevenueNet $1.55M USD 1 Quarter
Other OtherSalesRevenueNet $24.00K USD 1 Quarter
Total revenues SalesRevenueNet $22.30M USD 1 Quarter
Total revenues SalesRevenueNet $22.60M USD 1 Quarter
Cost of real estate sales CostOfRealEstateRevenue $15.57M USD 1 Quarter
Cost of real estate sales CostOfRealEstateRevenue $11.90M USD 1 Quarter
Cost of other OtherCostOfOperatingRevenue $38.62M USD 1 Quarter
Cost of other OtherCostOfOperatingRevenue $536.00K USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $5.08M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $1.89M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $4.69M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $3.75M USD 1 Quarter
Total expenses CostsAndExpenses $21.74M USD 1 Quarter
Total expenses CostsAndExpenses $60.28M USD 1 Quarter
GAIN ON SALE OF ASSETS GainLossOnDispositionOfAssets1 $2.75M USD 1 Quarter
GAIN ON SALE OF ASSETS GainLossOnDispositionOfAssets1 $74.22M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $3.60M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $36.23M USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $1.53M USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $6.36M USD 1 Quarter
Interest expense InterestExpense $2.23M USD 1 Quarter
Interest expense InterestExpense $2.14M USD 1 Quarter
Interest and other income OtherNonoperatingIncome $1.65M USD 1 Quarter
Interest and other income OtherNonoperatingIncome $676.00K USD 1 Quarter
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $41.04M USD 1 Quarter
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $4.65M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $66.00K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $16.21M USD 1 Quarter
NET INCOME FROM CONTINUING OPERATIONS IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $24.83M USD 1 Quarter
NET INCOME FROM CONTINUING OPERATIONS IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $4.58M USD 1 Quarter
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAXES IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $418.00K USD 1 Quarter
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAXES IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 1 Quarter
CONSOLIDATED NET INCOME ProfitLoss $4.58M USD 1 Quarter
CONSOLIDATED NET INCOME ProfitLoss $25.25M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $46.00K USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $40.00K USD 1 Quarter
NET INCOME ATTRIBUTABLE TO FORESTAR GROUP INC. NetIncomeLoss $25.20M USD 1 Quarter
NET INCOME ATTRIBUTABLE TO FORESTAR GROUP INC. NetIncomeLoss $4.53M USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.10M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 41.94M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 42.41M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 41.97M shares 1 Quarter
Continuing operations, basic (usd per share) IncomeLossFromContinuingOperationsPerBasicShare $0.11 USD 1 Quarter
Continuing operations, basic (usd per share) IncomeLossFromContinuingOperationsPerBasicShare $0.59 USD 1 Quarter
Discontinued operations, basic (usd per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.01 USD 1 Quarter
Discontinued operations, basic (usd per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 1 Quarter
NET INCOME PER BASIC SHARE (usd per share) EarningsPerShareBasic $0.11 USD 1 Quarter
NET INCOME PER BASIC SHARE (usd per share) EarningsPerShareBasic $0.60 USD 1 Quarter
Continuing operations, diluted (usd per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.58 USD 1 Quarter
Continuing operations, diluted (usd per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.11 USD 1 Quarter
Discontinued operation, diluted (usd per share) DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare $0.01 USD 1 Quarter
Discontinued operation, diluted (usd per share) DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare - USD 1 Quarter
NET INCOME PER DILUTED SHARE (usd per share) EarningsPerShareDiluted $0.11 USD 1 Quarter
NET INCOME PER DILUTED SHARE (usd per share) EarningsPerShareDiluted $0.59 USD 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $4.58M USD 1 Quarter
Consolidated net income ProfitLoss $25.25M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.30M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.49M USD 1 Quarter
Change in deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-29.00K USD 1 Quarter
Change in deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-661.00K USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $1.53M USD 1 Quarter
Equity in earnings of unconsolidated ventures IncomeLossFromEquityMethodInvestments $6.36M USD 1 Quarter
Distributions of earnings of unconsolidated ventures EquityMethodInvestmentDividendsOrDistributions - USD 1 Quarter
Distributions of earnings of unconsolidated ventures EquityMethodInvestmentDividendsOrDistributions $4.97M USD 1 Quarter
Share-based compensation ShareBasedCompensation $94.00K USD 1 Quarter
Share-based compensation ShareBasedCompensation $843.00K USD 1 Quarter
Real estate cost of sales RealEstateCostOfSales $12.24M USD 1 Quarter
Real estate cost of sales RealEstateCostOfSales $15.31M USD 1 Quarter
Real estate development and acquisition expenditures, net PaymentsToAcquireAndDevelopRealEstate $13.74M USD 1 Quarter
Real estate development and acquisition expenditures, net PaymentsToAcquireAndDevelopRealEstate $149.05M USD 1 Quarter
Reimbursements from utility and improvement districts ProceedsFromReimbursementsFromUtilityandImprovementDistricts - USD 1 Quarter
Reimbursements from utility and improvement districts ProceedsFromReimbursementsFromUtilityandImprovementDistricts $1.18M USD 1 Quarter
Asset impairments AssetImpairmentCharges - USD 1 Quarter
Asset impairments AssetImpairmentCharges $37.90M USD 1 Quarter
Gain on sale of assets GainLossOnDispositionOfAssets1 $2.75M USD 1 Quarter
Gain on sale of assets GainLossOnDispositionOfAssets1 $74.22M USD 1 Quarter
Other OtherNoncashIncomeExpense $-1.59M USD 1 Quarter
Other OtherNoncashIncomeExpense $-945.00K USD 1 Quarter
Notes and accounts receivable IncreaseDecreaseInAccountsAndNotesReceivable $1.93M USD 1 Quarter
Notes and accounts receivable IncreaseDecreaseInAccountsAndNotesReceivable $-1.20M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $3.61M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $647.00K USD 1 Quarter
Accounts payable and other accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-8.56M USD 1 Quarter
Accounts payable and other accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-365.00K USD 1 Quarter
Earnest money deposits IncreaseDecreaseInCustomerDeposits $19.15M USD 1 Quarter
Earnest money deposits IncreaseDecreaseInCustomerDeposits $2.79M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $15.43M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-570.00K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-114.00M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-2.38M USD 1 Quarter
Property, equipment, software and other PaymentsToAcquireProductiveAssets $36.00K USD 1 Quarter
Property, equipment, software and other PaymentsToAcquireProductiveAssets $17.00K USD 1 Quarter
Oil and gas properties and equipment PaymentsToAcquireOilAndGasPropertyAndEquipment - USD 1 Quarter
Oil and gas properties and equipment PaymentsToAcquireOilAndGasPropertyAndEquipment $2.40M USD 1 Quarter
Investment in unconsolidated ventures PaymentsToAcquireEquityMethodInvestments - USD 1 Quarter
Investment in unconsolidated ventures PaymentsToAcquireEquityMethodInvestments $1.92M USD 1 Quarter
Proceeds from sales of assets ProceedsFromSalesOfAssetsInvestingActivities $77.51M USD 1 Quarter
Proceeds from sales of assets ProceedsFromSalesOfAssetsInvestingActivities $228.56M USD 1 Quarter
Return of investment in unconsolidated ventures ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $1.51M USD 1 Quarter
Return of investment in unconsolidated ventures ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $187.00K USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $74.69M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $228.71M USD 1 Quarter
Additions to debt ProceedsFromIssuanceOfLongTermDebt $207.00K USD 1 Quarter
Additions to debt ProceedsFromIssuanceOfLongTermDebt $304.00K USD 1 Quarter
Change in restricted cash IncreaseDecreaseInRestrictedCash - USD 1 Quarter
Change in restricted cash IncreaseDecreaseInRestrictedCash $-4.00K USD 1 Quarter
Distributions to noncontrolling interests, net PaymentsToMinorityShareholders - USD 1 Quarter
Distributions to noncontrolling interests, net PaymentsToMinorityShareholders $300.00K USD 1 Quarter
Payroll taxes on restricted stock and stock options PaymentsRelatedToTaxWithholdingForShareBasedCompensation $980.00K USD 1 Quarter
Payroll taxes on restricted stock and stock options PaymentsRelatedToTaxWithholdingForShareBasedCompensation - USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-676.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-89.00K USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $71.63M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $114.62M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $265.80M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $337.43M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $436.40M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $321.78M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $265.80M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $337.43M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $436.40M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $321.78M USD Point-in-time

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

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