$FOR
Forestar Group Inc. Stock $for

$for Overview Financials Valuation SEC Filings Company Website

2020 Q4 Form 10-Q Financial Statement

#000140658721000010 Filed on January 27, 2021

Income Statement

Concept	2020 Q4	2019 Q4
Revenue	$307.1M	$247.2M
YoY Change	24.23%	542.08%
Cost Of Revenue	$262.9M	$216.6M
YoY Change	21.38%	605.54%
Gross Profit	$44.20M	$30.60M
YoY Change	44.44%	292.31%
Gross Profit Margin	14.39%	12.38%
Selling, General & Admin	$15.50M	$10.50M
YoY Change	47.62%	84.21%
% of Gross Profit	35.07%	34.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$800.0K	$1.900M
YoY Change	-57.89%	35.71%
% of Gross Profit	1.81%	6.21%
Operating Expenses	$15.50M	$10.50M
YoY Change	47.62%	84.21%
Operating Profit	$28.70M	$20.10M
YoY Change	42.79%	857.14%
Interest Expense	$500.0K	$2.200M
YoY Change	-77.27%
% of Operating Profit	1.74%	10.95%
Other Income/Expense, Net
YoY Change
Pretax Income	$29.20M	$22.20M
YoY Change	31.53%	353.06%
Income Tax	$7.100M	$5.400M
% Of Pretax Income	24.32%	24.32%
Net Earnings	$22.00M	$16.90M
YoY Change	30.18%	412.12%
Net Earnings / Revenue	7.16%	6.84%
Basic Earnings Per Share	$0.46	$0.35
Diluted Earnings Per Share	$0.46	$0.35
COMMON SHARES
Basic Shares Outstanding	48.13M shares	48.01M shares
Diluted Shares Outstanding	48.19M shares	48.07M shares

Balance Sheet

Concept	2020 Q4	2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$237.4M	$373.3M
YoY Change	-36.41%	142.09%
Cash & Equivalents	$237.4M	$373.3M
Short-Term Investments
Other Short-Term Assets	$3.000M	$2.400M
YoY Change	25.0%	-31.43%
Inventory
Prepaid Expenses
Receivables	$300.0K	$1.100M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$240.7M	$376.8M
YoY Change	-36.12%	135.35%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.900M	$900.0K
YoY Change	111.11%	-50.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.000M	$5.900M
YoY Change	-83.05%	-20.27%
Other Assets		$11.80M
YoY Change		-71.63%
Total Long-Term Assets	$1.569B	$1.103B
YoY Change	42.19%	45.41%
TOTAL ASSETS
Total Short-Term Assets	$240.7M	$376.8M
Total Long-Term Assets	$1.569B	$1.103B
Total Assets	$1.809B	$1.480B
YoY Change	22.25%	61.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$42.20M	$19.80M
YoY Change	113.13%	167.57%
Accrued Expenses	$66.10M	$63.60M
YoY Change	3.93%	120.07%
Deferred Revenue	$0.00
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$228.1M	$173.1M
YoY Change	31.77%	65.65%
LONG-TERM LIABILITIES
Long-Term Debt	$654.1M	$462.1M
YoY Change	41.55%	309.3%
Other Long-Term Liabilities	$25.00M	$9.800M
YoY Change	155.1%	-20.97%
Total Long-Term Liabilities	$679.1M	$471.9M
YoY Change	43.91%	276.62%
TOTAL LIABILITIES
Total Short-Term Liabilities	$228.1M	$173.1M
Total Long-Term Liabilities	$679.1M	$471.9M
Total Liabilities	$915.1M	$654.3M
YoY Change	39.86%	171.83%
SHAREHOLDERS EQUITY
Retained Earnings	$240.9M	$175.0M
YoY Change	37.66%	36.29%
Common Stock	$652.2M	$650.5M
YoY Change	0.26%	18.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$893.1M	$825.5M
YoY Change
Total Liabilities & Shareholders Equity	$1.809B	$1.480B
YoY Change	22.25%	61.09%

Cashflow Statement

Concept	2020 Q4	2019 Q4
OPERATING ACTIVITIES
Net Income	$22.00M	$16.90M
YoY Change	30.18%	412.12%
Depreciation, Depletion And Amortization	$800.0K	$1.900M
YoY Change	-57.89%	35.71%
Cash From Operating Activities	-$158.7M	-$11.60M
YoY Change	1268.1%	-92.93%
INVESTING ACTIVITIES
Capital Expenditures	$100.0K	$0.00
YoY Change		-100.0%
Acquisitions
YoY Change
Other Investing Activities	$2.100M	$3.100M
YoY Change	-32.26%	3000.0%
Cash From Investing Activities	$2.000M	$3.100M
YoY Change	-35.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$200.0K	-$1.000M
YoY Change	-80.0%	66.67%
NET CHANGE
Cash From Operating Activities	-$158.7M	-$11.60M
Cash From Investing Activities	$2.000M	$3.100M
Cash From Financing Activities	-$200.0K	-$1.000M
Net Change In Cash	-$156.9M	-$9.500M
YoY Change	1551.58%	-94.23%
FREE CASH FLOW
Cash From Operating Activities	-$158.7M	-$11.60M
Capital Expenditures	$100.0K	$0.00
Free Cash Flow	-$158.8M	-$11.60M
YoY Change	1268.97%	-92.94%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2020Q4	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-30
CY2020Q4	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
CY2020Q4	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2020Q4	dei	Amendment Flag AmendmentFlag	false
CY2020Q4	dei	Document Type DocumentType	10-Q
CY2020Q4	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2020Q4	dei	Document Period End Date DocumentPeriodEndDate	2020-12-31
CY2020Q4	dei	Document Transition Report DocumentTransitionReport	false
CY2020Q4	dei	Entity File Number EntityFileNumber	001-33662
CY2020Q4	dei	Entity Registrant Name EntityRegistrantName	FORESTAR GROUP INC.
CY2020Q4	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2020Q4	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	26-1336998
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CY2020Q4	dei	Entity Address Address Line1 EntityAddressAddressLine1	2221 E. Lamar Blvd., Suite 790
CY2020Q4	dei	Entity Address City Or Town EntityAddressCityOrTown	Arlington
CY2020Q4	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2020Q4	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	76006
CY2020Q4	dei	City Area Code CityAreaCode	817
CY2020Q4	dei	Local Phone Number LocalPhoneNumber	769-1860
CY2020Q4	dei	Security12b Title Security12bTitle	Common Stock, par value $1.00 per share
CY2020Q4	dei	Trading Symbol TradingSymbol	FOR
CY2020Q4	dei	Security Exchange Name SecurityExchangeName	NYSE
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CY2020Q4	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2020Q4	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2020Q4	dei	Entity Small Business EntitySmallBusiness	false
CY2020Q4	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
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CY2020Q4	us-gaap	Use Of Estimates UseOfEstimates	<div style="text-indent:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-indent:22.5pt"><span><br/></span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.</span></div>
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CY2020Q4	for	Due Diligence Write Offs DueDiligenceWriteOffs	400000	USD
CY2019Q4	for	Due Diligence Write Offs DueDiligenceWriteOffs	300000	USD
CY2020Q4	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	100000	USD
CY2019Q4	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	100000	USD
CY2020Q4	us-gaap	Revenues Revenues	307100000	USD
CY2019Q4	us-gaap	Revenues Revenues	247200000	USD
CY2020Q3	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	48700000	USD
CY2019Q3	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	23700000	USD
CY2020Q4	us-gaap	Interest Costs Incurred InterestCostsIncurred	11500000	USD
CY2019Q4	us-gaap	Interest Costs Incurred InterestCostsIncurred	9900000	USD
CY2020Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	9200000	USD
CY2019Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	3800000	USD
CY2020Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	51000000.0	USD
CY2019Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	29800000	USD
CY2020Q4	us-gaap	Accounts And Notes Receivable Net AccountsAndNotesReceivableNet	300000	USD
CY2020Q3	us-gaap	Accounts And Notes Receivable Net AccountsAndNotesReceivableNet	400000	USD
CY2020Q4	us-gaap	Notes Receivable Related Parties NotesReceivableRelatedParties	3800000	USD
CY2020Q3	us-gaap	Notes Receivable Related Parties NotesReceivableRelatedParties	4800000	USD
CY2020Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	5000000.0	USD
CY2020Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3600000	USD
CY2020Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	3000000.0	USD
CY2020Q3	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	4900000	USD
CY2020Q4	us-gaap	Deposits Assets DepositsAssets	10000000.0	USD
CY2020Q3	us-gaap	Deposits Assets DepositsAssets	5500000	USD
CY2020Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	4200000	USD
CY2020Q3	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	5700000	USD
CY2020Q4	us-gaap	Other Assets OtherAssets	26300000	USD
CY2020Q3	us-gaap	Other Assets OtherAssets	24900000	USD
CY2020Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	2800000	USD
CY2020Q3	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	6200000	USD
CY2020Q4	us-gaap	Accrual For Taxes Other Than Income Taxes Current And Noncurrent AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent	800000	USD
CY2020Q3	us-gaap	Accrual For Taxes Other Than Income Taxes Current And Noncurrent AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent	3800000	USD
CY2020Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	5300000	USD
CY2020Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	3800000	USD
CY2020Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	10900000	USD
CY2020Q3	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	14000000.0	USD
CY2020Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	0	USD
CY2020Q3	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	200000	USD
CY2020Q4	us-gaap	Deferred Revenue DeferredRevenue	9300000	USD
CY2020Q3	us-gaap	Deferred Revenue DeferredRevenue	9300000	USD
CY2020Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	1300000	USD
CY2020Q3	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	500000	USD
CY2020Q4	for	Accrued Development Costs AccruedDevelopmentCosts	42500000	USD
CY2020Q3	for	Accrued Development Costs AccruedDevelopmentCosts	35300000	USD
CY2020Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	3800000	USD
CY2020Q3	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	10200000	USD
CY2020Q4	us-gaap	Other Liabilities OtherLiabilities	15700000	USD
CY2020Q3	us-gaap	Other Liabilities OtherLiabilities	10500000	USD
CY2020Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	92400000	USD
CY2020Q3	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	93800000	USD
CY2020Q4	us-gaap	Line Of Credit LineOfCredit	0	USD
CY2020Q3	us-gaap	Line Of Credit LineOfCredit	0	USD
CY2020Q3	us-gaap	Long Term Debt LongTermDebt	641100000	USD
CY2020Q4	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	380000000	USD
CY2020Q4	us-gaap	Long Term Debt LongTermDebt	654100000	USD
CY2020Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	570000000	USD
CY2020Q4	for	Letterof Credit Maximum Borrowing Capacity LetterofCreditMaximumBorrowingCapacity	100000000	USD
CY2020Q4	for	Letterof Credit Maximum Borrowing Capacity Percentageof Revolving Credit Commitment LetterofCreditMaximumBorrowingCapacityPercentageofRevolvingCreditCommitment	0.50
CY2020Q4	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	0	USD
CY2020Q4	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	0	USD
CY2020Q4	us-gaap	Line Of Credit LineOfCredit	0	USD
CY2020Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	40500000	USD
CY2020Q4	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	339500000	USD
CY2020Q2	for	Debt Repurchase Program Authorized Amount DebtRepurchaseProgramAuthorizedAmount	30000000	USD
CY2020Q4	for	Debt Repurchase Program Authorized Amount DebtRepurchaseProgramAuthorizedAmount	30000000	USD
CY2020Q4	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	22000000.0	USD
CY2019Q4	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	16900000	USD
CY2020Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	48129222	shares
CY2019Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	48011132	shares
CY2020Q4	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	63673	shares
CY2019Q4	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	55286	shares
CY2020Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	48192895	shares
CY2019Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	48066418	shares
CY2020Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.46
CY2019Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.35
CY2020Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.46
CY2019Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.35
CY2020Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	7100000	USD
CY2019Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5400000	USD
CY2019Q4	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.243
CY2020Q4	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.243
CY2020Q4	for	Deferred Income Tax Liabilities Net Of Deferred Income Tax Assets DeferredIncomeTaxLiabilitiesNetOfDeferredIncomeTaxAssets	-6400000	USD
CY2020Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	1500000	USD
CY2020Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	7900000	USD
CY2020Q3	for	Deferred Income Tax Liabilities Net Of Deferred Income Tax Assets DeferredIncomeTaxLiabilitiesNetOfDeferredIncomeTaxAssets	-4200000	USD
CY2020Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	1500000	USD
CY2020Q3	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	5700000	USD
CY2018Q3	for	Equity Securities Registered Value EquitySecuritiesRegisteredValue	500000000	USD
CY2020Q4	for	Common Stock Availablefor Issuance Value Remaining CommonStockAvailableforIssuanceValueRemaining	394300000	USD
CY2020Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	24000	shares
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	237400000	USD
CY2020Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	394300000	USD
CY2020Q4	for	At The Market Equity Offering Program Common Stock Available For Issuance AtTheMarketEquityOfferingProgramCommonStockAvailableForIssuance	100000000	USD
CY2020Q4	for	At The Market Equity Offering Program Common Stock Issued AtTheMarketEquityOfferingProgramCommonStockIssued	0	shares
CY2020Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	17.08
CY2020Q4	us-gaap	Share Based Compensation ShareBasedCompensation	300000	USD
CY2019Q4	us-gaap	Share Based Compensation ShareBasedCompensation	500000	USD
CY2020Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	40500000	USD
CY2020Q4	us-gaap	Special Assessment Bond SpecialAssessmentBond	293800000	USD
CY2020Q4	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	77500	Lot
CY2020Q3	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	60500	Lot
CY2020Q4	for	Numberof Lots Sold NumberofLotsSold	3567	Lot
CY2019Q4	for	Numberof Lots Sold NumberofLotsSold	2422	Lot

Files In Submission

Name	View Source	Status
0001406587-21-000010-index-headers.html	Edgar Link	pending
0001406587-21-000010-index.html	Edgar Link	pending
0001406587-21-000010.txt	Edgar Link	pending
0001406587-21-000010-xbrl.zip	Edgar Link	pending
a12312020exhibit311.htm	Edgar Link	pending
a12312020exhibit312.htm	Edgar Link	pending
a12312020exhibit321.htm	Edgar Link	pending
a12312020exhibit322.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
for-20201231.htm	Edgar Link	pending
for-20201231.xsd	Edgar Link	pending
for-20201231_cal.xml	Edgar Link	unprocessable
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R40.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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2020 Q4 Form 10-Q Financial Statement

#000140658721000010 Filed on January 27, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FOR Forestar Group Inc. Stock $for

2020 Q4 Form 10-Q Financial Statement

#000140658721000010 Filed on January 27, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FOR
Forestar Group Inc. Stock $for