$FOR
Forestar Group Inc. Stock $for

$for Overview Financials Valuation SEC Filings Company Website

2021 Q4 Form 10-Q Financial Statement

#000140658722000010 Filed on January 28, 2022

Income Statement

Concept	2021 Q4	2020 Q4
Revenue	$407.6M	$307.1M
YoY Change	32.73%	24.23%
Cost Of Revenue	$334.2M	$262.9M
YoY Change	27.12%	21.38%
Gross Profit	$73.40M	$44.20M
YoY Change	66.06%	44.44%
Gross Profit Margin	18.01%	14.39%
Selling, General & Admin	$21.50M	$15.50M
YoY Change	38.71%	47.62%
% of Gross Profit	29.29%	35.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$800.0K	$800.0K
YoY Change	0.0%	-57.89%
% of Gross Profit	1.09%	1.81%
Operating Expenses	$21.50M	$15.50M
YoY Change	38.71%	47.62%
Operating Profit	$51.90M	$28.70M
YoY Change	80.84%	42.79%
Interest Expense	$1.100M	$500.0K
YoY Change	120.0%	-77.27%
% of Operating Profit	2.12%	1.74%
Other Income/Expense, Net
YoY Change
Pretax Income	$53.50M	$29.20M
YoY Change	83.22%	31.53%
Income Tax	$13.00M	$7.100M
% Of Pretax Income	24.3%	24.32%
Net Earnings	$40.50M	$22.00M
YoY Change	84.09%	30.18%
Net Earnings / Revenue	9.94%	7.16%
Basic Earnings Per Share	$0.81	$0.46
Diluted Earnings Per Share	$0.81	$0.46
COMMON SHARES
Basic Shares Outstanding	49.68M shares	48.13M shares
Diluted Shares Outstanding	49.73M shares	48.19M shares

Balance Sheet

Concept	2021 Q4	2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$162.5M	$237.4M
YoY Change	-31.55%	-36.41%
Cash & Equivalents	$162.5M	$237.4M
Short-Term Investments
Other Short-Term Assets	$12.50M	$3.000M
YoY Change	316.67%	25.0%
Inventory
Prepaid Expenses
Receivables	$2.100M	$300.0K
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$177.1M	$240.7M
YoY Change	-26.42%	-36.12%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.200M	$1.900M
YoY Change	121.05%	111.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$500.0K	$1.000M
YoY Change	-50.0%	-83.05%
Other Assets
YoY Change
Total Long-Term Assets	$1.985B	$1.569B
YoY Change	26.58%	42.19%
TOTAL ASSETS
Total Short-Term Assets	$177.1M	$240.7M
Total Long-Term Assets	$1.985B	$1.569B
Total Assets	$2.163B	$1.809B
YoY Change	19.53%	22.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$53.50M	$42.20M
YoY Change	26.78%	113.13%
Accrued Expenses	$148.0M	$66.10M
YoY Change	123.9%	3.93%
Deferred Revenue	$3.700M	$0.00
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$363.3M	$228.1M
YoY Change	59.27%	31.77%
LONG-TERM LIABILITIES
Long-Term Debt	$704.9M	$654.1M
YoY Change	7.77%	41.55%
Other Long-Term Liabilities	$11.70M	$25.00M
YoY Change	-53.2%	155.1%
Total Long-Term Liabilities	$716.6M	$679.1M
YoY Change	5.52%	43.91%
TOTAL LIABILITIES
Total Short-Term Liabilities	$363.3M	$228.1M
Total Long-Term Liabilities	$716.6M	$679.1M
Total Liabilities	$1.104B	$915.1M
YoY Change	20.65%	39.86%
SHAREHOLDERS EQUITY
Retained Earnings	$369.6M	$240.9M
YoY Change	53.42%	37.66%
Common Stock	$687.8M	$652.2M
YoY Change	5.46%	0.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.057B	$893.1M
YoY Change
Total Liabilities & Shareholders Equity	$2.163B	$1.809B
YoY Change	19.53%	22.25%

Cashflow Statement

Concept	2021 Q4	2020 Q4
OPERATING ACTIVITIES
Net Income	$40.50M	$22.00M
YoY Change	84.09%	30.18%
Depreciation, Depletion And Amortization	$800.0K	$800.0K
YoY Change	0.0%	-57.89%
Cash From Operating Activities	$5.800M	-$158.7M
YoY Change	-103.65%	1268.1%
INVESTING ACTIVITIES
Capital Expenditures	$1.500M	$100.0K
YoY Change	1400.0%
Acquisitions
YoY Change
Other Investing Activities	$4.700M	$2.100M
YoY Change	123.81%	-32.26%
Cash From Investing Activities	$3.200M	$2.000M
YoY Change	60.0%	-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	-$100.0K	-$200.0K
YoY Change	-50.0%	-80.0%
NET CHANGE
Cash From Operating Activities	$5.800M	-$158.7M
Cash From Investing Activities	$3.200M	$2.000M
Cash From Financing Activities	-$100.0K	-$200.0K
Net Change In Cash	$8.900M	-$156.9M
YoY Change	-105.67%	1551.58%
FREE CASH FLOW
Cash From Operating Activities	$5.800M	-$158.7M
Capital Expenditures	$1.500M	$100.0K
Free Cash Flow	$4.300M	-$158.8M
YoY Change	-102.71%	1268.97%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2021Q4	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-30
CY2021Q4	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2021Q4	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2021Q4	dei	Amendment Flag AmendmentFlag	false
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CY2021Q4	dei	Document Period End Date DocumentPeriodEndDate	2021-12-31
CY2021Q4	dei	Document Transition Report DocumentTransitionReport	false
CY2021Q4	dei	Entity File Number EntityFileNumber	001-33662
CY2021Q4	dei	Entity Registrant Name EntityRegistrantName	FORESTAR GROUP INC.
CY2021Q4	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2021Q4	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	26-1336998
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CY2021Q4	dei	Local Phone Number LocalPhoneNumber	769-1860
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CY2021Q4	us-gaap	Stock Issued1 StockIssued1	1700000	USD
CY2020Q4	us-gaap	Stock Issued1 StockIssued1	0	USD
CY2021Q4	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>
CY2021Q4	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Changes in Presentation and Reclassifications </span></div><div style="text-indent:9pt"><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 Company reclassified the change in accrued development costs from the change in accounts payable and other liabilities to the change in accrued development costs in the prior year statement of cash flows to conform to the current year presentation. This reclassification had no net effect on the Company's consolidated operating results, financial position or cash flows.</span></div>
CY2021Q4	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1960100000	USD
CY2021Q3	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1905200000	USD
CY2021Q4	us-gaap	Payments To Acquire Residential Real Estate PaymentsToAcquireResidentialRealEstate	135200000	USD
CY2021Q4	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	244800000	USD
CY2021Q4	for	Due Diligence Write Offs DueDiligenceWriteOffs	600000	USD
CY2020Q4	for	Due Diligence Write Offs DueDiligenceWriteOffs	400000	USD
CY2021Q4	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	3500000	USD
CY2020Q4	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	100000	USD
CY2021Q4	us-gaap	Revenues Revenues	407600000	USD
CY2020Q4	us-gaap	Revenues Revenues	307100000	USD
CY2021Q3	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	53700000	USD
CY2020Q3	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	48700000	USD
CY2021Q4	us-gaap	Interest Costs Incurred InterestCostsIncurred	8200000	USD
CY2020Q4	us-gaap	Interest Costs Incurred InterestCostsIncurred	11500000	USD
CY2021Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	9000000.0	USD
CY2020Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	9200000	USD
CY2021Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	52900000	USD
CY2020Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	51000000.0	USD
CY2021Q4	us-gaap	Accounts And Notes Receivable Net AccountsAndNotesReceivableNet	600000	USD
CY2021Q3	us-gaap	Accounts And Notes Receivable Net AccountsAndNotesReceivableNet	700000	USD
CY2021Q4	us-gaap	Notes Receivable Related Parties NotesReceivableRelatedParties	2100000	USD
CY2021Q3	us-gaap	Notes Receivable Related Parties NotesReceivableRelatedParties	400000	USD
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	7200000	USD
CY2021Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	6900000	USD
CY2021Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	12500000	USD
CY2021Q3	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	15400000	USD
CY2021Q4	us-gaap	Deposits Assets DepositsAssets	10800000	USD
CY2021Q3	us-gaap	Deposits Assets DepositsAssets	10400000	USD
CY2021Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	2000000.0	USD
CY2021Q3	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	5300000	USD
CY2021Q4	us-gaap	Other Assets OtherAssets	35200000	USD
CY2021Q3	us-gaap	Other Assets OtherAssets	39100000	USD
CY2021Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	5300000	USD
CY2021Q3	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	7900000	USD
CY2021Q4	us-gaap	Accrual For Taxes Other Than Income Taxes Current And Noncurrent AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent	600000	USD
CY2021Q3	us-gaap	Accrual For Taxes Other Than Income Taxes Current And Noncurrent AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent	3400000	USD
CY2021Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	7700000	USD
CY2021Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	7300000	USD
CY2021Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	7500000	USD
CY2021Q3	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	8500000	USD
CY2021Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	3700000	USD
CY2021Q3	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	5800000	USD
CY2021Q4	us-gaap	Deferred Revenue DeferredRevenue	6800000	USD
CY2021Q3	us-gaap	Deferred Revenue DeferredRevenue	6800000	USD
CY2021Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	19900000	USD
CY2021Q3	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	6800000	USD
CY2021Q4	for	Letterof Credit Maximum Borrowing Capacity LetterofCreditMaximumBorrowingCapacity	100000000	USD
CY2021Q4	for	Letterof Credit Maximum Borrowing Capacity Percentageof Revolving Credit Commitment LetterofCreditMaximumBorrowingCapacityPercentageofRevolvingCreditCommitment	0.50
CY2021Q4	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	0	USD
CY2021Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	10200000	USD
CY2021Q3	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	8900000	USD
CY2021Q4	us-gaap	Other Liabilities OtherLiabilities	1200000	USD
CY2021Q3	us-gaap	Other Liabilities OtherLiabilities	1300000	USD
CY2021Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	62900000	USD
CY2021Q3	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	56700000	USD
CY2021Q4	us-gaap	Line Of Credit LineOfCredit	0	USD
CY2021Q3	us-gaap	Line Of Credit LineOfCredit	0	USD
CY2021Q4	us-gaap	Long Term Debt LongTermDebt	704900000	USD
CY2021Q3	us-gaap	Long Term Debt LongTermDebt	704500000	USD
CY2021Q4	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	410000000	USD
CY2021Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	600000000	USD
CY2021Q4	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	0	USD
CY2021Q4	us-gaap	Line Of Credit LineOfCredit	0	USD
CY2021Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	66300000	USD
CY2021Q4	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	343700000	USD
CY2020Q2	for	Debt Repurchase Program Authorized Amount DebtRepurchaseProgramAuthorizedAmount	30000000	USD
CY2021Q4	for	Debt Repurchase Program Authorized Amount DebtRepurchaseProgramAuthorizedAmount	30000000	USD
CY2021Q4	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	40500000	USD
CY2020Q4	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	22000000.0	USD
CY2021Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49683369	shares
CY2020Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	48129222	shares
CY2021Q4	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	49500	shares
CY2020Q4	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	63673	shares
CY2021Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	49732869	shares
CY2020Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	48192895	shares
CY2021Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.81
CY2020Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.46
CY2021Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.81
CY2020Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.46
CY2021Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	13000000	USD
CY2020Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	7100000	USD
CY2020Q4	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.243
CY2021Q4	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.243
CY2021Q4	for	Deferred Income Tax Liabilities Net Of Deferred Income Tax Assets DeferredIncomeTaxLiabilitiesNetOfDeferredIncomeTaxAssets	23000000	USD
CY2021Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	1200000	USD
CY2021Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	24200000	USD
CY2021Q3	for	Deferred Income Tax Liabilities Net Of Deferred Income Tax Assets DeferredIncomeTaxLiabilitiesNetOfDeferredIncomeTaxAssets	23200000	USD
CY2021Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	1200000	USD
CY2021Q3	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	24400000	USD
CY2021Q4	for	Equity Securities Registered Value EquitySecuritiesRegisteredValue	750000000	USD
CY2021Q4	for	At The Market Equity Offering Program Common Stock Available For Issuance AtTheMarketEquityOfferingProgramCommonStockAvailableForIssuance	300000000	USD
CY2021Q4	for	At The Market Equity Offering Program Common Stock Issued AtTheMarketEquityOfferingProgramCommonStockIssued	84547	shares
CY2021Q4	for	At The Market Equity Offering Program Net Proceeds AtTheMarketEquityOfferingProgramNetProceeds	1700000	USD
CY2021Q4	us-gaap	Adjustments To Additional Paid In Capital Stock Issued Issuance Costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts	100000	USD
CY2021Q4	for	Common Stock Availablefor Issuance Value Remaining CommonStockAvailableforIssuanceValueRemaining	748200000	USD
CY2021Q4	for	At The Market Equity Offering Program Common Stock Available For Issuance AtTheMarketEquityOfferingProgramCommonStockAvailableForIssuance	298200000	USD
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	0	shares
CY2021Q4	us-gaap	Share Based Compensation ShareBasedCompensation	400000	USD
CY2020Q4	us-gaap	Share Based Compensation ShareBasedCompensation	300000	USD
CY2021Q4	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	65700	Lot
CY2021Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	66300000	USD
CY2021Q4	us-gaap	Special Assessment Bond SpecialAssessmentBond	528200000	USD
CY2021Q4	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	65700	Lot
CY2021Q3	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	64400	Lot
CY2021Q4	for	Numberof Lots Sold NumberofLotsSold	4516	Lot
CY2020Q4	for	Numberof Lots Sold NumberofLotsSold	3567	Lot
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	162500000	USD
CY2021Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	153600000	USD
CY2021Q4	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	65700	Lot
CY2021Q3	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	64400	Lot

Files In Submission

Name	View Source	Status
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0001406587-22-000010-index.html	Edgar Link	pending
0001406587-22-000010.txt	Edgar Link	pending
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a12312021exhibit311.htm	Edgar Link	pending
a12312021exhibit312.htm	Edgar Link	pending
a12312021exhibit321.htm	Edgar Link	pending
a12312021exhibit322.htm	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
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R9.htm	Edgar Link	pending
R9999.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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2021 Q4 Form 10-Q Financial Statement

#000140658722000010 Filed on January 28, 2022

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$FOR Forestar Group Inc. Stock $for

2021 Q4 Form 10-Q Financial Statement

#000140658722000010 Filed on January 28, 2022

Income Statement

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Forestar Group Inc. Stock $for