Exhibit 99.1

Forestar Financial Information

as presented in the Segment Information tables

in D.R. Horton’s Q2 FY 2019 press release issued 4/25/19

 

     March 31, 2019      September 30, 2018  
     (in millions)  

Assets

     

Cash and cash equivalents

   $ 66.4      $ 318.8  

Restricted cash

     15.7        16.2  

Residential land and lots-developed, under development and held for development

     851.5        498.0  

Deferred income taxes, net

     22.9        26.9  

Property and equipment, net

     2.4        1.8  

Other assets

     26.0        31.4  
  

 

 

    

 

 

 
   $ 984.9      $ 893.1  
  

 

 

    

 

 

 

Liabilities

     

Accounts payable

   $ 16.1      $ 11.2  

Accrued expenses and other liabilities

     131.9        95.7  

Notes payable

     149.2        111.7  
  

 

 

    

 

 

 
   $ 297.2      $ 218.6  
  

 

 

    

 

 

 

 

     Three Months Ended
March 31, 2019
    Three Months Ended
March 31, 2018
    Six Months Ended
March 31, 2019
    For the Period from
October 5, 2017 to
March 31, 2018
 
     (in millions)  

Revenues

   $ 65.4     $ 22.6     $ 103.8     $ 53.5  

Cost of sales

     43.7       16.2       74.3       35.5  

Selling, general and administrative expense

     6.2       5.6       11.9       19.1  

Gain on sale of assets

     —         (2.7     (0.9     (2.7

Interest expense

     —         2.1       —         4.2  

Other (income) expense

     (0.9     (3.2     (2.8     (11.3
  

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

   $ 16.4     $ 4.6     $ 21.3     $ 8.7  
  

 

 

   

 

 

   

 

 

   

 

 

 

Summary Cash Flow Information:

        

Cash used in operating activities

       $ (283.4   $ (150.2
      

 

 

   

 

 

 

The following information was filed by Forestar Group Inc. (FOR) on Thursday, April 25, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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