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DHI Stock Price Correlated With DR Horton Financials
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Income Statement
Cash Flow
Balance Sheet
DHI Income Statement
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Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
DHI Cash Flow
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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
DHI Balance Sheet
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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
Major Holders (from 13F filings)
Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group
34,096,050 sh
-620,115 sh
-2%
-2%
$3,664,302
-$560,309
Blackrock.
28,802,758 sh
28,281,258 sh
5423%
5423%
$3,095,432
$3,031,971
Capital World Investors
19,661,965 sh
-11,268,931 sh
-36%
-36%
$2,113,071
-$1,650,910
Capital Research Global Investors
14,078,125 sh
-852,532 sh
-6%
-6%
$1,513,000
-$303,890
State Street
13,422,203 sh
-304,196 sh
-2%
-2%
$1,442,484
-$227,881
Bank Of America /De/
7,515,119 sh
7,456,219 sh
12659%
12659%
$807,651
$800,484
Geode Capital Management
6,666,897 sh
51,338 sh
1%
1%
$714,988
-$87,965
Dimensional Fund Advisors
5,535,010 sh
-167,352 sh
-3%
-3%
$594,919
-$98,966
FMR
5,150,690 sh
-1,351,216 sh
-21%
-21%
$553,544
-$237,672
Parnassus Investments
5,054,468 sh
-175,422 sh
-3%
-3%
$543,204
-$93,221
Invesco.
3,946,575 sh
-79,653 sh
-2%
-2%
$424,140
-$65,812
Gqg Partners
3,833,579 sh
3,833,579 sh
NEW
NEW
$411,995
$411,995
Greenhaven Associates
3,513,582 sh
-80,860 sh
-2%
-2%
$377,605
-$59,803
Wellington Management Group Llp
3,471,663 sh
-75,665 sh
-2%
-2%
$373,099
-$58,576
Northernrp
3,389,414 sh
104,453 sh
3%
3%
$364,260
-$35,487
Morgan Stanley
3,254,275 sh
106,074 sh
3%
3%
$349,738
-$33,367
Smead Capital Management.
2,803,574 sh
-97,004 sh
-3%
-3%
$301,300
-$51,671
Arrowstreet Capital, Limited Partnership
2,332,488 sh
854,231 sh
58%
58%
$251
$71
COMPANY PROFILE
NOTE A – BASIS OF PRESENTATION
The accompanying unaudited, consolidated financial statements include the accounts of D.R.
Horton, Inc. and all of its wholly-owned, majority-owned and controlled subsidiaries (which are
referred to as the Company, unless the context otherwise requires). All significant intercompany
accounts, transactions and balances have been eliminated in consolidation. The financial statements
have been prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) for
interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation
S-X. In the opinion of management, all adjustments (consisting of normal, recurring accruals and
the asset impairment charges, loss reserves and deferred tax asset valuation allowance discussed
below) considered necessary for a fair presentation have been included. These financial statements
do not include all of the information and notes required by GAAP for complete financial statements
and should be read in conjunction with the consolidated financial statements and accompanying notes
included in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2010.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires management to make
estimates and assumptions that affect the amounts reported in the financial statements and
accompanying notes. Actual results could differ materially from those estimates.
Reclassifications
Certain reclassifications have been made in the prior year’s financial statements to conform
to classifications used in the current year. The statement of operations for the three and nine
months ended June 30, 2010 has been revised to reflect the reclassification of depreciation expense
related to rental properties of $0.3 million and $0.9 million, respectively, from homebuilding
other income to selling, general and administrative expense. Additionally, the statement of cash
flows for the nine months ended June 30, 2010 has been revised to reflect this reclassification.
Business
The Company is a national homebuilder that is engaged in the construction and sale of
single-family housing in 71 markets and 26 states in the United States as of June 30, 2011. The
Company designs, builds and sells single-family detached homes on lots it develops and on finished
lots purchased ready for home construction. To a lesser extent, the Company also builds and sells
attached homes, such as town homes, duplexes, triplexes and condominiums (including some mid-rise
buildings), which share common walls and roofs. Periodically, the Company sells land and lots. The
Company also provides title agency and mortgage financing services, primarily to its homebuyers.
The Company generally does not retain or service the mortgages that it originates; rather, it seeks
to sell the mortgages and related servicing rights to third-party purchasers.
Seasonality
Historically, the homebuilding industry has experienced seasonal fluctuations; therefore, the
operating results for the three and nine-month periods ended June 30, 2011 are not necessarily
indicative of the results that may be expected for the fiscal year ending September 30, 2011 or
subsequent periods.
The accompanying unaudited, consolidated financial statements include the accounts of D.R.
Horton, Inc. and all of its wholly-owned, majority-owned and controlled subsidiaries (which are
referred to as the Company, unless the context otherwise requires). All significant intercompany
accounts, transactions and balances have been eliminated in consolidation. The financial statements
have been prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) for
interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation
S-X. In the opinion of management, all adjustments (consisting of normal, recurring accruals and
the asset impairment charges, loss reserves and deferred tax asset valuation allowance discussed
below) considered necessary for a fair presentation have been included. These financial statements
do not include all of the information and notes required by GAAP for complete financial statements
and should be read in conjunction with the consolidated financial statements and accompanying notes
included in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2010.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires management to make
estimates and assumptions that affect the amounts reported in the financial statements and
accompanying notes. Actual results could differ materially from those estimates.
Reclassifications
Certain reclassifications have been made in the prior year’s financial statements to conform
to classifications used in the current year. The statement of operations for the three and nine
months ended June 30, 2010 has been revised to reflect the reclassification of depreciation expense
related to rental properties of $0.3 million and $0.9 million, respectively, from homebuilding
other income to selling, general and administrative expense. Additionally, the statement of cash
flows for the nine months ended June 30, 2010 has been revised to reflect this reclassification.
Business
The Company is a national homebuilder that is engaged in the construction and sale of
single-family housing in 71 markets and 26 states in the United States as of June 30, 2011. The
Company designs, builds and sells single-family detached homes on lots it develops and on finished
lots purchased ready for home construction. To a lesser extent, the Company also builds and sells
attached homes, such as town homes, duplexes, triplexes and condominiums (including some mid-rise
buildings), which share common walls and roofs. Periodically, the Company sells land and lots. The
Company also provides title agency and mortgage financing services, primarily to its homebuyers.
The Company generally does not retain or service the mortgages that it originates; rather, it seeks
to sell the mortgages and related servicing rights to third-party purchasers.
Seasonality
Historically, the homebuilding industry has experienced seasonal fluctuations; therefore, the
operating results for the three and nine-month periods ended June 30, 2011 are not necessarily
indicative of the results that may be expected for the fiscal year ending September 30, 2011 or
subsequent periods.
Free historical financial statements for DR Horton Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 52 quarters since 2010. Compare with DHI stock chart to see long term trends.
Data imported from DR Horton Inc. SEC filings. Check original filings before making any investment decision.