Forestar Group Inc. (FOR) Financial Statements (2025 and earlier)

Company Profile

Business Address 2221 E. LAMAR BLVD.
ARLINGTON, TX 76006
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 65 - Real Estate (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2025
MRQ
12/31/2024
MRQ
9/30/2024
9/30/2023
9/30/2022
9/30/2021
9/30/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments132,000481,200616,000264,800153,600394,300
Cash and cash equivalent132,000481,200616,000264,800153,600394,300
Total current assets:132,000481,200616,000264,800153,600394,300
Noncurrent Assets
Operating lease, right-of-use asset8,9009,6007,600   
Inventory, real estate2,804,6002,329,2001,790,3002,022,4001,905,2001,309,700
Property, plant and equipment6,8007,1005,9005,7002,9001,100
Long-term investments and receivables  3005005009003,600
Long-term investments  3005005009003,600
Total noncurrent assets:2,820,3002,346,2001,804,3002,028,6001,909,0001,314,400
Other undisclosed assets8,30012,70050,40049,60039,10031,200
TOTAL ASSETS:2,960,6002,840,1002,470,7002,343,0002,101,7001,739,900
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred revenue1,3002,70010,00016,1005,800200
Due to related parties3,2006,7008,400
Total current liabilities:1,3002,70010,00019,30012,5008,600
Noncurrent Liabilities
Liabilities, other than long-term debt66,60067,50050,70036,90024,4005,700
Deferred income tax liabilities66,60067,50050,70036,90024,4005,700
Total noncurrent liabilities:66,60067,50050,70036,90024,4005,700
Other undisclosed liabilities1,278,6001,174,8001,040,1001,087,5001,048,900853,800
Total liabilities:1,346,5001,245,0001,100,8001,143,7001,085,800868,100
Equity
Equity, attributable to parent1,613,1001,594,1001,368,9001,198,3001,014,900870,900
Common stock50,70050,70049,90049,80049,60048,100
Additional paid in capital667,700665,200644,200640,600636,200603,900
Retained earnings894,700878,200674,800507,900329,100218,900
Equity, attributable to noncontrolling interest1,0001,0001,0001,0001,000900
Total equity:1,614,1001,595,1001,369,9001,199,3001,015,900871,800
TOTAL LIABILITIES AND EQUITY:2,960,6002,840,1002,470,7002,343,0002,101,7001,739,900

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

3/31/2025
TTM
12/31/2024
TTM
9/30/2024
9/30/2023
9/30/2022
9/30/2021
9/30/2020
Revenues1,454,0001,509,4001,436,9001,519,1001,325,800931,800
Cost of revenue
(Cost of Product and Service Sold)
(1,112,500)(1,150,100)(1,132,800)(1,195,100)(1,096,600)(813,700)
Gross profit:341,500359,300304,100324,000229,200118,100
Operating expenses(117,000)(109,000)(96,100)(90,400)(65,900)(45,600)
Operating income:224,500250,300208,000233,600163,30072,500
Nonoperating income
(Other Nonoperating income)
      4,900
Interest and debt expense    (18,100) 
Income from continuing operations before equity method investments, income taxes:224,500250,300208,000233,600145,20077,400
Income from equity method investments600  1,200200700
Other undisclosed income from continuing operations before income taxes15,80019,80013,6001,0001,200 
Income from continuing operations before income taxes:240,900270,100221,600235,800146,60078,100
Income tax expense(59,100)(66,700)(54,700)(57,000)(36,100)(16,400)
Income from continuing operations:181,800203,400166,900178,800110,50061,700
Income before gain (loss) on sale of properties:178,800110,50061,700
Net income:181,800203,400166,900178,800110,50061,700
Net loss attributable to noncontrolling interest     (300)(900)
Net income available to common stockholders, diluted:181,800203,400166,900178,800110,20060,800

Comprehensive Income ($ in thousands)

3/31/2025
TTM
12/31/2024
TTM
9/30/2024
9/30/2023
9/30/2022
9/30/2021
9/30/2020
Net income:181,800203,400166,900178,800110,50061,700
Comprehensive income:181,800203,400166,900178,800110,50061,700
Comprehensive loss, net of tax, attributable to noncontrolling interest     (300)(900)
Comprehensive income, net of tax, attributable to parent:181,800203,400166,900178,800110,20060,800

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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