D.R. Horton, Inc. (DHI) financial statements (2021 and earlier)
Company profile
| Business Address |
1341 HORTON CIRCLE ARLINGTON, TX 76011 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| SIC | 1531 - Operative Builders (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 TTM | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | 9/30/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,583 | 1,494 | 1,473 | 1,008 | 1,303 | 1,384 | 662 | ||
| Cash and cash equivalents | 1,583 | 1,494 | 1,473 | 1,008 | 1,303 | 1,384 | 662 | ||
| Total current assets: | 1,583 | 1,494 | 1,473 | 1,008 | 1,303 | 1,384 | 662 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 36 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Inventory, real estate | 11,899 | 11,282 | 10,395 | 168 | 191 | 208 | |||
| Property, plant and equipment | 563 | 462 | 401 | 325 | 195 | 147 | 194 | ||
| Long-term investments and receivables | 7 | 11 | |||||||
| Long-term investments | 7 | 11 | |||||||
| Intangible assets, net (including goodwill) | 164 | 164 | 109 | ||||||
| Goodwill | 164 | 164 | 109 | ||||||
| Regulated entity, other noncurrent assets | 9 | ||||||||
| Total noncurrent assets: | 12,662 | 11,914 | 10,925 | 493 | 387 | 355 | 194 | ||
| Other undisclosed assets | 2,077 | 2,198 | 1,717 | 10,684 | 9,869 | 9,412 | 9,347 | ||
| TOTAL ASSETS: | 16,323 | 15,607 | 14,115 | 12,185 | 11,559 | 11,151 | 10,203 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 28 | 40 | 38 | ||||||
| Taxes payable | 28 | 40 | 38 | ||||||
| Customer advances and deposits | ✕ | ✕ | 58 | ||||||
| Total current liabilities: | 28 | 40 | 96 | ||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,700 | 1,700 | 1,500 | 1,200 | 1,100 | 1,000 | 876 | ||
| Long-term debt, excluding current maturities | 1,700 | 1,700 | 1,500 | 1,200 | 1,100 | 1,000 | 876 | ||
| Total noncurrent liabilities: | 1,700 | 1,700 | 1,500 | 1,200 | 1,100 | 1,000 | 876 | ||
| Other undisclosed liabilities | 4,092 | 3,571 | 3,360 | 3,237 | 3,666 | 4,256 | 4,207 | ||
| Total liabilities: | 5,820 | 5,312 | 4,956 | 4,437 | 4,766 | 5,256 | 5,083 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 10,227 | 10,021 | 8,984 | 7,747 | 6,793 | 5,894 | 5,116 | ||
| Common stock | 4 | 4 | 4 | 4 | 4 | 4 | 4 | ||
| Treasury stock, value | (965) | (802) | (322) | (195) | (134) | (134) | (134) | ||
| Additional paid in capital | 3,182 | 3,179 | 3,085 | 2,992 | 2,866 | 2,734 | 2,614 | ||
| Accumulated other comprehensive income | 1 | 2 | |||||||
| Retained earnings | 8,007 | 7,640 | 6,218 | 4,946 | 4,057 | 3,290 | 2,631 | ||
| Stockholders' equity attributable to noncontrolling interest | 276 | 274 | 175 | 1 | 1 | 1 | 4 | ||
| Total stockholders' equity: | 10,503 | 10,295 | 9,159 | 7,748 | 6,793 | 5,895 | 5,120 | ||
| TOTAL LIABILITIES AND EQUITY: | 16,323 | 15,607 | 14,115 | 12,185 | 11,559 | 11,151 | 10,203 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 TTM | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | 9/30/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 18,095 | 17,593 | 16,068 | 14,091 | 12,157 | 10,824 | 8,025 | |
| Revenue, net | 4,027 | ✕ | 15,693 | |||||
| Cost of revenue | (14,054) | (13,721) | (12,398) | (40) | ||||
| Cost of goods and services sold | (7,106) | (54) | (12,398) | (40) | ||||
| Gross profit: | 4,041 | 3,872 | 3,670 | 14,051 | 12,157 | 10,824 | 8,025 | |
| Operating expenses | (1,886) | (1,833) | (1,677) | (7) | (147) | (129) | ||
| Operating income: | 2,155 | 2,040 | 1,993 | 14,051 | 12,150 | 10,677 | 7,896 | |
| Nonoperating income (Other Nonoperating income) | 34 | 31 | 45 | |||||
| Income from continuing operations before equity method investments, income taxes: | 2,189 | 2,071 | 2,038 | 14,051 | 12,150 | 10,677 | 7,896 | |
| Income from equity method investments | 1 | 1 | 3 | |||||
| Other undisclosed income (loss) from continuing operations before income taxes | 83 | 54 | 19 | (12,449) | (10,797) | (9,554) | (7,082) | |
| Income from continuing operations before income taxes: | 2,273 | 2,125 | 2,060 | 1,602 | 1,354 | 1,123 | 814 | |
| Income tax expense | (509) | (507) | (598) | (564) | (467) | (373) | (281) | |
| Net income: | 1,764 | 1,619 | 1,462 | 1,038 | 886 | 751 | 534 | |
| Net loss attributable to noncontrolling interest | (2) | (0) | (2) | |||||
| Net income available to common stockholders, basic: | 1,763 | 1,619 | 1,460 | 1,038 | 886 | 751 | 534 | |
| Interest on convertible debt | 17 | |||||||
| Net income available to common stockholders, diluted: | 1,763 | 1,619 | 1,460 | 1,038 | 886 | 751 | 550 | |
Comprehensive Income ($ in millions)
| 12/31/2019 TTM | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | 9/30/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,764 | 1,619 | 1,462 | 1,038 | 886 | 751 | 534 | |
| Other undisclosed comprehensive income (loss) | (1) | (1) | 0 | |||||
| Comprehensive income: | 1,764 | 1,619 | 1,462 | 1,038 | 885 | 750 | 534 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (2) | (0) | (2) | |||||
| Comprehensive income, net of tax, attributable to parent: | 1,763 | 1,619 | 1,460 | 1,038 | 885 | 750 | 534 | |
Statements sources
The financial statements are based on the company's filings with the 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.