D.R. Horton, Inc. (DHI) Financial Statements (2024 and earlier)

Company Profile

Business Address 1341 HORTON CIRCLE
ARLINGTON, TX 76011
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 1531 - Operative Builders (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5912,5413,2103,0191,4941,473
Cash and cash equivalents2,5912,5413,2103,0191,4941,473
Total current assets:2,5912,5413,2103,0191,4941,473
Noncurrent Assets
Operating lease, right-of-use asset47473635 
Inventory, real estate22,44521,65616,47912,23711,28210,395
Property, plant and equipment502472393684462401
Long-term investments and receivables     711
Long-term investments     711
Intangible assets, net (including goodwill)164164164164164109
Goodwill164164164164164109
Intangible assets, net (excluding goodwill)      
Regulated entity, other noncurrent assets      9
Deferred income tax assets138141155145 
Total noncurrent assets:23,29522,47917,22613,26411,91410,925
Other undisclosed assets4,3785,3323,5792,6302,1981,717
TOTAL ASSETS:30,26530,35124,01618,91215,60714,115
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3812051444038
Taxes payable6051444038
Accrued liabilities3860    
Customer advances and deposits58
Total current liabilities:3812051444096
Noncurrent Liabilities
Long-term debt and lease obligation2,9002,8002,3001,8001,7001,500
Long-term debt, excluding current maturities2,9002,8002,3001,8001,7001,500
Total noncurrent liabilities:2,9002,8002,3001,8001,7001,500
Other undisclosed liabilities6,7747,6456,4494,9473,5713,360
Total liabilities:9,71210,5668,8006,7915,3124,956
Equity
Equity, attributable to parent20,15319,39614,88711,84010,0218,984
Common stock444444
Treasury stock, value(3,261)(3,143)(2,037)(1,163)(802)(322)
Additional paid in capital3,3523,3503,2753,2413,1793,085
Retained earnings20,05819,18513,6449,7587,6406,218
Equity, attributable to noncontrolling interest399389330282274175
Total equity:20,55219,78615,21612,12210,2959,159
TOTAL LIABILITIES AND EQUITY:30,26530,35124,01618,91215,60714,115

Income Statement (P&L) ($ in millions)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues33,68433,48027,77420,31117,59316,068
Revenue, net15,693
Cost of revenue(23,362)(22,976)(19,899)(15,373)(13,721)(12,398)
Cost of goods and services sold(93)(70)(29)(24)(54)(12,398)
Gross profit:10,32310,5047,8754,9383,8723,670
Operating expenses(3,005)(2,934)(2,556)(2,048)(1,833)(1,677)
Operating income:7,3187,5705,3192,8902,0401,993
Nonoperating income
(Other Nonoperating income)
825942333145
Interest and debt expense   (18)   
Income from continuing operations before equity method investments, income taxes:7,4007,6305,3422,9232,0712,038
Income from equity method investments    113
Other undisclosed income from continuing operations before income taxes   14605419
Income from continuing operations before income taxes:7,4007,6305,3562,9832,1252,060
Income tax expense(1,682)(1,734)(1,165)(603)(507)(598)
Income from continuing operations:5,7185,8964,1912,3811,6191,462
Income before gain (loss) on sale of properties:4,7505,8964,1912,3811,6191,462
Net income:5,7185,8964,1912,3811,6191,462
Net loss attributable to noncontrolling interest(44)(38)(15)(7)(0)(2)
Net income available to common stockholders, diluted:5,6755,8584,1762,3741,6191,460

Comprehensive Income ($ in millions)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income:5,7185,8964,1912,3811,6191,462
Comprehensive income:5,7185,8964,1912,3811,6191,462
Comprehensive loss, net of tax, attributable to noncontrolling interest(44)(38)(15)(7)(0)(2)
Comprehensive income, net of tax, attributable to parent:5,6755,8584,1762,3741,6191,460

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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