CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions |
Jun. 30, 2023 |
Sep. 30, 2022 |
| ASSETS |
|
|
| Cash and cash equivalents |
$ 401.0
|
$ 264.8
|
| Real estate |
1,909.1
|
2,022.4
|
| Investment in unconsolidated ventures |
0.5
|
0.5
|
| Property and equipment, net |
5.7
|
5.7
|
| Other Assets |
59.1
|
49.6
|
| Total assets |
2,375.4
|
2,343.0
|
| LIABILITIES |
|
|
| Accounts payable |
68.6
|
72.2
|
| Accrued development costs |
91.1
|
122.3
|
| Earnest money on sales contracts |
123.8
|
136.2
|
| Deferred tax liability, net |
34.1
|
36.9
|
| Accrued Liabilities |
54.1
|
70.1
|
| Long-Term Debt |
707.2
|
706.0
|
| Total liabilities |
1,078.9
|
1,143.7
|
| Commitments and contingencies (Note 11) |
|
|
| Forestar Group Inc. shareholders’ equity: |
|
|
| Common stock, par value $1.00 per share, 200,000,000 authorized shares, 49,903,713 and 49,761,480 shares issued and outstanding at June 30, 2023 and September 30, 2022, respectively |
49.9
|
49.8
|
| Additional paid-in capital |
643.2
|
640.6
|
| Retained earnings |
602.4
|
507.9
|
| Stockholders' equity |
1,295.5
|
1,198.3
|
| Noncontrolling interests |
1.0
|
1.0
|
| Total equity |
1,296.5
|
1,199.3
|
| Total liabilities and equity |
$ 2,375.4
|
$ 2,343.0
|