10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001406587-20-000006 |
| Period End Date | 20191231 |
| Filing Date | 20200128 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | for-20191231.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$382.80M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$335.00M | 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
|
$170.30M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$373.30M | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
48.00M | shares | Point-in-time |
| Real estate |
InventoryRealEstateLandAndLandDevelopmentCosts
|
$1.03B | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
48.03M | shares | Point-in-time |
| Real estate |
InventoryRealEstateLandAndLandDevelopmentCosts
|
$1.07B | USD | Point-in-time |
| Common Stock, Par or Stated Value Per Share |
CommonStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Investment in unconsolidated ventures |
EquityMethodInvestments
|
$5.90M | USD | Point-in-time |
| Investment in unconsolidated ventures |
EquityMethodInvestments
|
$7.30M | USD | Point-in-time |
| Common Stock, Par or Stated Value Per Share |
CommonStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Income taxes receivable |
IncomeTaxReceivable
|
$3.80M | USD | Point-in-time |
| Income taxes receivable |
IncomeTaxReceivable
|
$3.20M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$900.00K | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$2.40M | USD | Point-in-time |
| Deferred tax asset, net |
DeferredTaxAssetsLiabilitiesNet
|
$17.40M | USD | Point-in-time |
| Deferred tax asset, net |
DeferredTaxAssetsLiabilitiesNet
|
$11.80M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$17.40M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$13.70M | USD | Point-in-time |
| Total assets |
Assets
|
$1.48B | USD | Point-in-time |
| Total assets |
Assets
|
$1.46B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$16.80M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$19.80M | USD | Point-in-time |
| Earnest money deposits on sales contracts |
CustomerAdvancesAndDeposits
|
$89.70M | USD | Point-in-time |
| Earnest money deposits on sales contracts |
CustomerAdvancesAndDeposits
|
$89.90M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$82.70M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$79.60M | USD | Point-in-time |
| Debt |
LongTermDebt
|
$462.10M | USD | Point-in-time |
| Debt |
LongTermDebt
|
$460.50M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$654.30M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$646.80M | 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, 48,025,359 and 47,997,366 shares issued and outstanding at December 31, 2019 and September 30, 2019, respectively |
CommonStockValue
|
$48.00M | USD | Point-in-time |
| Common stock, par value $1.00 per share, 200,000,000 authorized shares, 48,025,359 and 47,997,366 shares issued and outstanding at December 31, 2019 and September 30, 2019, respectively |
CommonStockValue
|
$48.00M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$602.20M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$602.50M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$158.10M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$175.00M | USD | Point-in-time |
| Stockholders' equity |
StockholdersEquity
|
$825.50M | USD | Point-in-time |
| Stockholders' equity |
StockholdersEquity
|
$808.30M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$600.00K | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$100.00K | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$808.90M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$825.60M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$674.50M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$678.00M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$1.46B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$1.48B | USD | Point-in-time |
Income Statement
30 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$247.20M | USD | 1 Quarter |
| Revenues |
Revenues
|
$38.50M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$30.70M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$216.60M | USD | 1 Quarter |
| Selling, general and administrative expense |
SellingGeneralAndAdministrativeExpense
|
$10.50M | USD | 1 Quarter |
| Selling, general and administrative expense |
SellingGeneralAndAdministrativeExpense
|
$5.70M | USD | 1 Quarter |
| Equity in earnings of unconsolidated ventures |
IncomeLossFromEquityMethodInvestments
|
$600.00K | USD | 1 Quarter |
| Equity in earnings of unconsolidated ventures |
IncomeLossFromEquityMethodInvestments
|
$500.00K | USD | 1 Quarter |
| Loss (gain) on sale of assets |
GainLossOnDispositionOfAssets1
|
$-100.00K | USD | 1 Quarter |
| Loss (gain) on sale of assets |
GainLossOnDispositionOfAssets1
|
$900.00K | USD | 1 Quarter |
| Interest and other income |
OtherNonoperatingIncome
|
$1.70M | USD | 1 Quarter |
| Interest and other income |
OtherNonoperatingIncome
|
$1.30M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$22.20M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$4.90M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$5.40M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$1.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$16.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$3.90M | USD | 1 Quarter |
| Net income (loss) attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-100.00K | USD | 1 Quarter |
| Net income (loss) attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$600.00K | USD | 1 Quarter |
| Net income attributable to Forestar Group Inc. |
NetIncomeLoss
|
$3.30M | USD | 1 Quarter |
| Net income attributable to Forestar Group Inc. |
NetIncomeLoss
|
$16.90M | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
41.95M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
48.01M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
48.07M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
41.96M | shares | 1 Quarter |
| Earnings Per Share, Basic |
EarningsPerShareBasic
|
$0.08 | USD | 1 Quarter |
| Earnings Per Share, Basic |
EarningsPerShareBasic
|
$0.35 | USD | 1 Quarter |
| Earnings Per Share, Diluted |
EarningsPerShareDiluted
|
$0.35 | USD | 1 Quarter |
| Earnings Per Share, Diluted |
EarningsPerShareDiluted
|
$0.08 | USD | 1 Quarter |
Cash Flow Statement
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$16.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$3.90M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.40M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.90M | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$1.40M | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$5.60M | USD | 1 Quarter |
| Equity in earnings of unconsolidated ventures |
IncomeLossFromEquityMethodInvestments
|
$600.00K | USD | 1 Quarter |
| Equity in earnings of unconsolidated ventures |
IncomeLossFromEquityMethodInvestments
|
$500.00K | USD | 1 Quarter |
| Distributions of earnings of unconsolidated ventures |
EquityMethodInvestmentDividendsOrDistributions
|
- | USD | 1 Quarter |
| Distributions of earnings of unconsolidated ventures |
EquityMethodInvestmentDividendsOrDistributions
|
$4.90M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$500.00K | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$100.00K | USD | 1 Quarter |
| Asset impairments |
AssetImpairmentCharges
|
$300.00K | USD | 1 Quarter |
| Asset impairments |
AssetImpairmentCharges
|
$400.00K | USD | 1 Quarter |
| Loss (gain) on sale of assets |
GainLossOnDispositionOfAssets1
|
$-100.00K | USD | 1 Quarter |
| Loss (gain) on sale of assets |
GainLossOnDispositionOfAssets1
|
$900.00K | USD | 1 Quarter |
| Increase in real estate |
IncreaseDecreaseInInventories
|
$-195.20M | USD | 1 Quarter |
| Increase in real estate |
IncreaseDecreaseInInventories
|
$-38.20M | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$1.30M | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$700.00K | USD | 1 Quarter |
| Increase in accounts payable and other accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$3.10M | USD | 1 Quarter |
| Increase in accounts payable and other accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$3.40M | USD | 1 Quarter |
| (Decrease) increase in earnest money deposits on sales contracts |
IncreaseDecreaseInCustomerDeposits
|
$-200.00K | USD | 1 Quarter |
| (Decrease) increase in earnest money deposits on sales contracts |
IncreaseDecreaseInCustomerDeposits
|
$18.80M | USD | 1 Quarter |
| Increase in income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$600.00K | USD | 1 Quarter |
| Increase in income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$100.00K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-164.10M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-11.60M | USD | 1 Quarter |
| Expenditures for property, equipment, software and other |
PaymentsToAcquirePropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Expenditures for property, equipment, software and other |
PaymentsToAcquirePropertyPlantAndEquipment
|
$100.00K | USD | 1 Quarter |
| Return of investment in unconsolidated ventures |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$1.80M | USD | 1 Quarter |
| Return of investment in unconsolidated ventures |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$100.00K | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSalesOfAssetsInvestingActivities
|
- | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSalesOfAssetsInvestingActivities
|
$1.30M | USD | 1 Quarter |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$3.10M | USD | 1 Quarter |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
- | USD | 1 Quarter |
| Deferred financing fees |
PaymentsOfFinancingCosts
|
$400.00K | USD | 1 Quarter |
| Deferred financing fees |
PaymentsOfFinancingCosts
|
- | USD | 1 Quarter |
| Distributions to noncontrolling interests, net |
PaymentsToMinorityShareholders
|
$400.00K | USD | 1 Quarter |
| Distributions to noncontrolling interests, net |
PaymentsToMinorityShareholders
|
$500.00K | USD | 1 Quarter |
| Settlement of equity awards |
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
|
$-200.00K | USD | 1 Quarter |
| Settlement of equity awards |
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
|
$-100.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-600.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.00M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-164.70M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-9.50M | USD | 1 Quarter |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$382.80M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$335.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$170.30M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$373.30M | USD | Point-in-time |
Stockholders Equity
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balances |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$808.90M | USD | Point-in-time |
| Beginning balances |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$825.60M | USD | Point-in-time |
| Beginning balances |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$674.50M | USD | Point-in-time |
| Beginning balances |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$678.00M | USD | Point-in-time |
| Net income |
ProfitLoss
|
$16.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$3.90M | USD | 1 Quarter |
| Stock issued under employee incentive plans |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$100.00K | USD | 1 Quarter |
| Stock issued under employee incentive plans |
StockIssuedDuringPeriodValueShareBasedCompensation
|
- | USD | 1 Quarter |
| Share-based Payment Arrangement, Decrease for Tax Withholding Obligation |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$200.00K | USD | 1 Quarter |
| Share-based Payment Arrangement, Decrease for Tax Withholding Obligation |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$100.00K | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$100.00K | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$500.00K | USD | 1 Quarter |
| Distributions to noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$400.00K | USD | 1 Quarter |
| Distributions to noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$500.00K | USD | 1 Quarter |
| Ending balances |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$808.90M | USD | Point-in-time |
| Ending balances |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$825.60M | USD | Point-in-time |
| Ending balances |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$674.50M | USD | Point-in-time |
| Ending balances |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$678.00M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.