10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001406587-23-000010 |
| Period End Date | 20221231 |
| Filing Date | 20230125 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | for-20221231_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$264.80M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$216.40M | USD | Point-in-time |
| Real estate |
InventoryRealEstateLandAndLandDevelopmentCosts
|
$2.02B | USD | Point-in-time |
| Real estate |
InventoryRealEstateLandAndLandDevelopmentCosts
|
$2.07B | USD | Point-in-time |
| Investment in unconsolidated ventures |
EquityMethodInvestments
|
$500.00K | USD | Point-in-time |
| Investment in unconsolidated ventures |
EquityMethodInvestments
|
$500.00K | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$5.60M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$5.70M | USD | Point-in-time |
| Other Assets |
OtherAssets
|
$50.90M | USD | Point-in-time |
| Other Assets |
OtherAssets
|
$49.60M | USD | Point-in-time |
| Total assets |
Assets
|
$2.34B | USD | Point-in-time |
| Total assets |
Assets
|
$2.34B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$73.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$72.20M | USD | Point-in-time |
| Accrued development costs |
AccruedDevelopmentCosts
|
$122.30M | USD | Point-in-time |
| Accrued development costs |
AccruedDevelopmentCosts
|
$98.00M | USD | Point-in-time |
| Earnest money on sales contracts |
ContractWithCustomerLiability
|
$147.80M | USD | Point-in-time |
| Earnest money on sales contracts |
ContractWithCustomerLiability
|
$136.20M | USD | Point-in-time |
| Deferred tax liability, net |
DeferredIncomeTaxLiabilitiesNet
|
$34.70M | USD | Point-in-time |
| Deferred tax liability, net |
DeferredIncomeTaxLiabilitiesNet
|
$36.90M | USD | Point-in-time |
| Accrued Liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$60.60M | USD | Point-in-time |
| Accrued Liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$70.10M | USD | Point-in-time |
| Long-Term Debt |
LongTermDebt
|
$706.00M | USD | Point-in-time |
| Long-Term Debt |
LongTermDebt
|
$706.40M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.14B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.12B | USD | Point-in-time |
| Commitments and contingencies (Note 11) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 11) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, par value $1.00 per share, 200,000,000 authorized shares, 49,772,555 and 49,761,480 shares issued and outstanding at December 31, 2022 and September 30, 2022, respectively |
CommonStockValue
|
$49.80M | USD | Point-in-time |
| Common stock, par value $1.00 per share, 200,000,000 authorized shares, 49,772,555 and 49,761,480 shares issued and outstanding at December 31, 2022 and September 30, 2022, respectively |
CommonStockValue
|
$49.80M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$641.10M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$640.60M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$528.70M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$507.90M | USD | Point-in-time |
| Stockholders' equity |
StockholdersEquity
|
$1.20B | USD | Point-in-time |
| Stockholders' equity |
StockholdersEquity
|
$1.22B | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$1.00M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$1.00M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.22B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.20B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.06B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.02B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$2.34B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$2.34B | USD | Point-in-time |
Income Statement
30 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$216.70M | USD | 1 Quarter |
| Revenues |
Revenues
|
$407.60M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$334.20M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$169.20M | USD | 1 Quarter |
| Selling, general and administrative expense |
SellingGeneralAndAdministrativeExpense
|
$22.90M | USD | 1 Quarter |
| Selling, general and administrative expense |
SellingGeneralAndAdministrativeExpense
|
$21.50M | USD | 1 Quarter |
| Equity in earnings of unconsolidated ventures |
IncomeLossFromEquityMethodInvestments
|
- | USD | 1 Quarter |
| Equity in earnings of unconsolidated ventures |
IncomeLossFromEquityMethodInvestments
|
$1.10M | USD | 1 Quarter |
| Gain on sale of assets |
GainLossOnDispositionOfAssets1
|
$1.60M | USD | 1 Quarter |
| Gain on sale of assets |
GainLossOnDispositionOfAssets1
|
$500.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
- | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$1.70M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$53.50M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$27.90M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$7.10M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$13.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$20.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$40.50M | USD | 1 Quarter |
| Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Net income attributable to Forestar Group Inc. |
NetIncomeLoss
|
$20.80M | USD | 1 Quarter |
| Net income attributable to Forestar Group Inc. |
NetIncomeLoss
|
$40.50M | USD | 1 Quarter |
| Basic net income per common share attributable to Forestar Group Inc. |
EarningsPerShareBasic
|
$0.81 | USD | 1 Quarter |
| Basic net income per common share attributable to Forestar Group Inc. |
EarningsPerShareBasic
|
$0.42 | USD | 1 Quarter |
| Weighted average number of common shares |
WeightedAverageNumberOfSharesOutstandingBasic
|
49.68M | shares | 1 Quarter |
| Weighted average number of common shares |
WeightedAverageNumberOfSharesOutstandingBasic
|
49.89M | shares | 1 Quarter |
| Diluted net income per common share attributable to Forestar Group Inc. |
EarningsPerShareDiluted
|
$0.81 | USD | 1 Quarter |
| Diluted net income per common share attributable to Forestar Group Inc. |
EarningsPerShareDiluted
|
$0.42 | USD | 1 Quarter |
| Adjusted weighted average number of common shares |
WeightedAverageNumberOfDilutedSharesOutstanding
|
49.90M | shares | 1 Quarter |
| Adjusted weighted average number of common shares |
WeightedAverageNumberOfDilutedSharesOutstanding
|
49.73M | shares | 1 Quarter |
Cash Flow Statement
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value (in usd per share) |
CommonStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Common stock, par value (in usd per share) |
CommonStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Net income |
ProfitLoss
|
$20.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$40.50M | USD | 1 Quarter |
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
200.00M | shares | Point-in-time |
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
200.00M | shares | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
49.76M | shares | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
49.77M | shares | Point-in-time |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$700.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$800.00K | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$200.00K | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$2.20M | USD | 1 Quarter |
| Equity in earnings of unconsolidated ventures |
IncomeLossFromEquityMethodInvestments
|
- | USD | 1 Quarter |
| Equity in earnings of unconsolidated ventures |
IncomeLossFromEquityMethodInvestments
|
$1.10M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$400.00K | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$600.00K | USD | 1 Quarter |
| Land option charges |
ProductionRelatedImpairmentsOrCharges
|
$2.40M | USD | 1 Quarter |
| Land option charges |
ProductionRelatedImpairmentsOrCharges
|
$600.00K | USD | 1 Quarter |
| Gain on sale of assets |
GainLossOnDispositionOfAssets1
|
$1.60M | USD | 1 Quarter |
| Gain on sale of assets |
GainLossOnDispositionOfAssets1
|
$500.00K | USD | 1 Quarter |
| Increase in real estate |
IncreaseDecreaseInInventories
|
$55.50M | USD | 1 Quarter |
| Increase in real estate |
IncreaseDecreaseInInventories
|
$49.90M | USD | 1 Quarter |
| Decrease in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-1.80M | USD | 1 Quarter |
| Decrease in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-2.60M | USD | 1 Quarter |
| (Decrease) increase in accounts payable and other accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$12.20M | USD | 1 Quarter |
| (Decrease) increase in accounts payable and other accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-8.60M | USD | 1 Quarter |
| (Decrease) increase in accrued development costs |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$12.20M | USD | 1 Quarter |
| (Decrease) increase in accrued development costs |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-24.30M | USD | 1 Quarter |
| Increase (decrease) in earnest money deposits on sales contracts |
IncreaseDecreaseInContractWithCustomerLiability
|
$-6.20M | USD | 1 Quarter |
| Increase (decrease) in earnest money deposits on sales contracts |
IncreaseDecreaseInContractWithCustomerLiability
|
$10.50M | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$5.80M | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-49.80M | USD | 1 Quarter |
| Expenditures for property, equipment, software and other |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.50M | USD | 1 Quarter |
| Expenditures for property, equipment, software and other |
PaymentsToAcquirePropertyPlantAndEquipment
|
$100.00K | USD | 1 Quarter |
| Return of investment in unconsolidated ventures |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$1.50M | USD | 1 Quarter |
| Return of investment in unconsolidated ventures |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
- | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSalesOfAssetsInvestingActivities
|
$3.20M | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSalesOfAssetsInvestingActivities
|
$1.60M | USD | 1 Quarter |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$1.50M | USD | 1 Quarter |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$3.20M | USD | 1 Quarter |
| Cash paid for shares withheld for taxes |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$100.00K | USD | 1 Quarter |
| Cash paid for shares withheld for taxes |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$100.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-100.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-100.00K | USD | 1 Quarter |
| (Decrease) increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$8.90M | USD | 1 Quarter |
| (Decrease) increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-48.40M | USD | 1 Quarter |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$162.50M | USD | Point-in-time |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$264.80M | USD | Point-in-time |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$216.40M | USD | Point-in-time |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$153.60M | USD | Point-in-time |
| Issuance of common stock not settled |
StockIssued1
|
$1.70M | USD | 1 Quarter |
| Issuance of common stock not settled |
StockIssued1
|
- | USD | 1 Quarter |
Stockholders Equity
17 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.22B | USD | Point-in-time |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.20B | USD | Point-in-time |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.06B | USD | Point-in-time |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.02B | USD | Point-in-time |
| Net income |
ProfitLoss
|
$20.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$40.50M | USD | 1 Quarter |
| Issuance of common stock (84,547 shares) |
StockIssuedDuringPeriodValueNewIssues
|
$1.70M | USD | 1 Quarter |
| Issuances of common stock, Value |
StockIssuedDuringPeriodValueShareBasedCompensation
|
- | USD | 1 Quarter |
| Issuances of common stock, Value |
StockIssuedDuringPeriodValueShareBasedCompensation
|
- | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$600.00K | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$400.00K | USD | 1 Quarter |
| Cash paid for shares withheld for taxes |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$100.00K | USD | 1 Quarter |
| Cash paid for shares withheld for taxes |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$100.00K | USD | 1 Quarter |
| Ending Balances |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.22B | USD | Point-in-time |
| Ending Balances |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.20B | USD | Point-in-time |
| Ending Balances |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.06B | USD | Point-in-time |
| Ending Balances |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.02B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.