2014 Q1 Form 10-Q Financial Statement

#000140658714000028 Filed on May 09, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1 2012 Q3
Revenue $84.61M $97.47M $40.61M
YoY Change -13.2% 246.97% 54.76%
Cost Of Revenue $49.60M $61.60M $20.00M
YoY Change -19.48% 422.03% 50.38%
Gross Profit $35.03M $35.90M $20.64M
YoY Change -2.43% 120.81% 59.62%
Gross Profit Margin 41.4% 36.83% 50.82%
Selling, General & Admin $5.100M $10.50M $11.30M
YoY Change -51.43% 50.0% 303.57%
% of Gross Profit 14.56% 29.25% 54.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.439M $6.292M $8.100M
YoY Change 18.23% 166.16% 237.5%
% of Gross Profit 21.24% 17.53% 39.25%
Operating Expenses $19.10M $26.40M $26.00M
YoY Change -27.65% 32.0% 78.08%
Operating Profit $15.88M $9.520M $4.843M
YoY Change 66.84% 15.82% -91.95%
Interest Expense $5.503M $4.539M $8.094M
YoY Change 21.24% 16.65% 89.51%
% of Operating Profit 34.65% 47.68% 167.13%
Other Income/Expense, Net
YoY Change
Pretax Income $13.67M $7.035M -$1.458M
YoY Change 94.24% 37.48% -102.58%
Income Tax $4.658M $1.993M -$1.078M
% Of Pretax Income 34.09% 28.33%
Net Earnings $8.334M $3.951M -$703.0K
YoY Change 110.93% 41.01% -101.93%
Net Earnings / Revenue 9.85% 4.05% -1.73%
Basic Earnings Per Share $0.20 $0.11 -$0.02
Diluted Earnings Per Share $0.19 $0.11 -$0.02
COMMON SHARES
Basic Shares Outstanding 35.58M shares 35.26M shares 35.23M shares
Diluted Shares Outstanding 43.91M shares 35.72M shares 35.23M shares

Balance Sheet

Concept 2014 Q1 2013 Q1 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $148.0M $86.70M $10.30M
YoY Change 70.7% 1175.0% -64.6%
Cash & Equivalents $148.0M $86.65M $86.65M
Short-Term Investments
Other Short-Term Assets $5.600M $7.000M $3.000M
YoY Change -20.0% 105.88% 25.0%
Inventory
Prepaid Expenses
Receivables $17.90M $34.10M $33.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $171.5M $127.8M $46.50M
YoY Change 34.19% 268.3% -16.82%
LONG-TERM ASSETS
Property, Plant & Equipment $6.275M $4.682M $4.777M
YoY Change 34.02% -99.26% -99.22%
Goodwill $64.49M
YoY Change
Intangibles $2.129M
YoY Change
Long-Term Investments $50.46M $41.89M $43.04M
YoY Change 20.46% 18.67% -56.13%
Other Assets $39.20M $43.60M $49.60M
YoY Change -10.09% -41.4% -14.78%
Total Long-Term Assets $971.7M $844.9M $843.4M
YoY Change 15.02% 10.72% 6.66%
TOTAL ASSETS
Total Short-Term Assets $171.5M $127.8M $46.50M
Total Long-Term Assets $971.7M $844.9M $843.4M
Total Assets $1.143B $972.7M $889.9M
YoY Change 17.54% 21.92% 5.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.80M $22.40M $29.90M
YoY Change -29.46% 292.98% 424.56%
Accrued Expenses $39.00M $22.20M $25.90M
YoY Change 75.68% 81.97% 33.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $56.50M $46.00M $57.10M
YoY Change 22.83% 123.3% 20.21%
LONG-TERM LIABILITIES
Long-Term Debt $345.4M $328.6M $276.7M
YoY Change 5.11% 44.19% 23.69%
Other Long-Term Liabilities $19.20M $36.70M $35.00M
YoY Change -47.68% 13.27% 13.64%
Total Long-Term Liabilities $364.6M $365.3M $311.7M
YoY Change -0.19% 40.34% 22.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $56.50M $46.00M $57.10M
Total Long-Term Liabilities $364.6M $365.3M $311.7M
Total Liabilities $421.1M $411.4M $368.7M
YoY Change 2.36% 45.47% 20.96%
SHAREHOLDERS EQUITY
Retained Earnings $158.8M $125.0M $111.1M
YoY Change 26.95%
Common Stock $591.4M $467.8M $442.6M
YoY Change 26.42%
Preferred Stock
YoY Change
Treasury Stock (at cost) $31.78M $35.89M $34.73M
YoY Change -11.46%
Treasury Stock Shares 2.032M shares 2.314M shares 2.257M shares
Shareholders Equity $718.3M $556.9M $519.0M
YoY Change
Total Liabilities & Shareholders Equity $1.143B $972.7M $889.9M
YoY Change 17.54% 21.92% 5.11%

Cashflow Statement

Concept 2014 Q1 2013 Q1 2012 Q3
OPERATING ACTIVITIES
Net Income $8.334M $3.951M -$703.0K
YoY Change 110.93% 41.01% -101.93%
Depreciation, Depletion And Amortization $7.439M $6.292M $8.100M
YoY Change 18.23% 166.16% 237.5%
Cash From Operating Activities $5.543M $33.30M -$8.600M
YoY Change -83.35% -170.07% -112.89%
INVESTING ACTIVITIES
Capital Expenditures -$24.10M -$13.90M -$800.0K
YoY Change 73.38% 396.43% -57.89%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$74.00K -$122.6M
YoY Change -100.0% -100.23% -61400.0%
Cash From Investing Activities -$28.19M -$13.50M -$123.4M
YoY Change 108.83% -145.9% 7612.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $15.71M $90.75M
YoY Change -82.69% 231.03%
Cash From Financing Activities -$21.68M $56.50M 96.70M
YoY Change -138.37% 753.57% -331.89%
NET CHANGE
Cash From Operating Activities $5.543M $33.30M -8.600M
Cash From Investing Activities -$28.19M -$13.50M -123.4M
Cash From Financing Activities -$21.68M $56.50M 96.70M
Net Change In Cash -$44.33M $76.29M -35.30M
YoY Change -158.1% -764.45% -250.85%
FREE CASH FLOW
Cash From Operating Activities $5.543M $33.30M -$8.600M
Capital Expenditures -$24.10M -$13.90M -$800.0K
Free Cash Flow $29.64M $47.20M -$7.800M
YoY Change -37.19% -205.55% -111.37%

Facts In Submission

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CY2014Q1 dei Amendment Flag
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CY2014Q1 dei Document Type
DocumentType
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CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001406587
CY2014Q2 dei Entity Common Stock Shares Outstanding
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CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
FORESTAR GROUP INC.
CY2014Q1 dei Trading Symbol
TradingSymbol
FOR

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