$FOR
Forestar Group Inc. Stock $for

$for Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000140658723000097 Filed on July 21, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$549.8M	$368.9M
YoY Change	44.15%	19.58%
Cost Of Revenue	$434.1M	$283.9M
YoY Change	48.56%	21.01%
Gross Profit	$115.7M	$85.00M
YoY Change	29.71%	15.02%
Gross Profit Margin	21.04%	23.04%
Selling, General & Admin	$26.40M	$26.40M
YoY Change	11.39%	9.54%
% of Gross Profit	22.82%	31.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$700.0K	$800.0K
YoY Change	0.0%	14.29%
% of Gross Profit	0.61%	0.94%
Operating Expenses	$26.40M	$26.40M
YoY Change	11.39%	9.54%
Operating Profit	$89.30M	$58.60M
YoY Change	36.34%	17.67%
Interest Expense	$6.100M	$3.800M
YoY Change	577.78%	1800.0%
% of Operating Profit	6.83%	6.48%
Other Income/Expense, Net
YoY Change
Pretax Income	$95.40M	$62.40M
YoY Change	43.67%	18.41%
Income Tax	$23.00M	$15.60M
% Of Pretax Income	24.11%	25.0%
Net Earnings	$72.40M	$46.80M
YoY Change	42.52%	17.88%
Net Earnings / Revenue	13.17%	12.69%
Basic Earnings Per Share		$0.94
Diluted Earnings Per Share	$1.44	$0.93
COMMON SHARES
Basic Shares Outstanding	49.90M shares	49.90M shares
Diluted Shares Outstanding		50.18M shares

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$616.0M	$401.0M
YoY Change	132.63%	174.09%
Cash & Equivalents	$616.0M	$401.0M
Short-Term Investments
Other Short-Term Assets	$15.70M	$18.20M
YoY Change	-16.93%	-28.63%
Inventory
Prepaid Expenses
Receivables	$25.70M	$24.60M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$657.4M	$443.8M
YoY Change	122.77%	137.71%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.900M	$1.922B
YoY Change	3.51%	34840.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$500.0K	$500.0K
YoY Change	0.0%	25.0%
Other Assets
YoY Change
Total Long-Term Assets	$1.813B	$1.932B
YoY Change	-11.46%	-7.18%
TOTAL ASSETS
Total Short-Term Assets	$657.4M	$443.8M
Total Long-Term Assets	$1.813B	$1.932B
Total Assets	$2.471B	$2.375B
YoY Change	5.45%	4.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$68.40M	$68.60M
YoY Change	-5.26%	7.52%
Accrued Expenses	$143.1M	$120.5M
YoY Change	-12.21%	-16.26%
Deferred Revenue	$10.00M	$7.500M
YoY Change	-37.89%	-55.88%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$337.3M	$322.6M
YoY Change	-11.14%	-12.0%
LONG-TERM LIABILITIES
Long-Term Debt	$695.0M	$707.2M
YoY Change	-1.56%	0.23%
Other Long-Term Liabilities	$17.80M	$15.00M
YoY Change	-16.04%	-32.13%
Total Long-Term Liabilities	$712.8M	$722.2M
YoY Change	-1.98%	-0.76%
TOTAL LIABILITIES
Total Short-Term Liabilities	$337.3M	$322.6M
Total Long-Term Liabilities	$712.8M	$722.2M
Total Liabilities	$1.101B	$1.080B
YoY Change	-3.75%	-3.57%
SHAREHOLDERS EQUITY
Retained Earnings	$674.8M	$602.4M
YoY Change	32.86%	31.79%
Common Stock	$694.1M	$693.1M
YoY Change	0.54%	0.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.369B	$1.296B
YoY Change
Total Liabilities & Shareholders Equity	$2.471B	$2.375B
YoY Change	5.45%	4.74%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	$72.40M	$46.80M
YoY Change	42.52%	17.88%
Depreciation, Depletion And Amortization	$700.0K	$800.0K
YoY Change	0.0%	14.29%
Cash From Operating Activities	$227.9M	$114.9M
YoY Change	91.67%	-232.37%
INVESTING ACTIVITIES
Capital Expenditures	$500.0K	$500.0K
YoY Change	-266.67%	-171.43%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$500.0K	-$500.0K
YoY Change	66.67%	-16.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-12.40M	-100.0K
YoY Change	12300.0%
NET CHANGE
Cash From Operating Activities	227.9M	114.9M
Cash From Investing Activities	-500.0K	-500.0K
Cash From Financing Activities	-12.40M	-100.0K
Net Change In Cash	215.0M	114.3M
YoY Change	81.43%	-230.78%
FREE CASH FLOW
Cash From Operating Activities	$227.9M	$114.9M
Capital Expenditures	$500.0K	$500.0K
Free Cash Flow	$227.4M	$114.4M
YoY Change	90.77%	-232.87%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherAssets
CY2022Q3	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherAssets
CY2023Q2	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
CY2022Q3	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
CY2023Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	usd
CY2022Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1100000	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	1600000	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	3200000	usd
	us-gaap	Interest And Other Income InterestAndOtherIncome	7500000	usd
	us-gaap	Profit Loss ProfitLoss	94500000	usd
	us-gaap	Profit Loss ProfitLoss	128000000.0	usd
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.89
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.89
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.57
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.57
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	50100000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49900000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	50000000.0	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49800000	shares
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.93
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.80
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.89
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.89
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.57
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.57
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	50200000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	49900000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	50000000.0	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	49800000	shares
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1199300000	usd
CY2022Q4	us-gaap	Profit Loss ProfitLoss	20800000	usd
CY2022Q4	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	0	usd
CY2022Q4	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	100000	usd
CY2022Q4	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	600000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1220600000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	46800000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	900000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1296500000	usd
CY2021Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1015900000	usd
CY2021Q4	us-gaap	Profit Loss ProfitLoss	40500000	usd
CY2021Q4	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	84547	shares
CY2021Q4	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	1700000	usd
CY2021Q4	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	0	usd
CY2021Q4	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	100000	usd
CY2021Q4	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	400000	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1058400000	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	47800000	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	0	usd
CY2022Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	400000	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1600000	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1107400000	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	39700000	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	100000	usd
CY2022Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	100000	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	800000	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1147900000	usd
	us-gaap	Profit Loss ProfitLoss	94500000	usd
	us-gaap	Profit Loss ProfitLoss	128000000.0	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2300000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2000000.0	usd
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	2800000	usd
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-1200000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1100000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	3400000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	2800000	usd
	us-gaap	Production Related Impairments Or Charges ProductionRelatedImpairmentsOrCharges	23600000	usd
	us-gaap	Production Related Impairments Or Charges ProductionRelatedImpairmentsOrCharges	7000000.0	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	1600000	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	3200000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-87700000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	170300000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	6700000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	11700000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-19600000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	29800000	usd
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-31200000	usd
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	6500000	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-13400000	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-1200000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	136200000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-10200000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	800000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3200000	usd
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	0	usd
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	1600000	usd
	us-gaap	Proceeds From Sales Of Assets Investing Activities ProceedsFromSalesOfAssetsInvestingActivities	1600000	usd
	us-gaap	Proceeds From Sales Of Assets Investing Activities ProceedsFromSalesOfAssetsInvestingActivities	3200000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	800000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	1600000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1700000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	800000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	400000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-800000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1300000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	136200000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-7300000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	264800000	usd
CY2021Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	153600000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	401000000.0	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	146300000	usd
	us-gaap	Use Of Estimates UseOfEstimates	<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%">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>
CY2023Q2	us-gaap	Revenues Revenues	368900000	usd
CY2022Q2	us-gaap	Revenues Revenues	308500000	usd
	us-gaap	Revenues Revenues	887100000	usd
	us-gaap	Revenues Revenues	1137700000	usd
CY2023Q2	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1909100000	usd
CY2022Q3	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	2022400000	usd
	us-gaap	Payments To Acquire Residential Real Estate PaymentsToAcquireResidentialRealEstate	71000000	usd
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	566300000	usd
CY2023Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	19400000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	3800000	usd
CY2023Q2	for	Due Diligence Write Offs DueDiligenceWriteOffs	900000	usd
	for	Due Diligence Write Offs DueDiligenceWriteOffs	4200000	usd
CY2022Q2	for	Due Diligence Write Offs DueDiligenceWriteOffs	1000000	usd
	for	Due Diligence Write Offs DueDiligenceWriteOffs	3200000	usd
CY2023Q2	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	10300000	usd
CY2022Q2	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	7900000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	24600000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	20400000	usd
CY2023Q2	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	23800000	usd
CY2022Q2	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	5500000	usd
	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	68200000	usd
	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	9100000	usd
CY2023Q2	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	10300000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	24600000	usd
CY2022Q2	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	7900000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	20400000	usd
CY2023Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	58800000	usd
CY2022Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	50600000	usd
CY2022Q3	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	52500000	usd
CY2021Q3	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	53700000	usd
CY2023Q2	us-gaap	Interest Costs Incurred InterestCostsIncurred	8200000	usd
CY2022Q2	us-gaap	Interest Costs Incurred InterestCostsIncurred	8300000	usd
	us-gaap	Interest Costs Incurred InterestCostsIncurred	24600000	usd
	us-gaap	Interest Costs Incurred InterestCostsIncurred	24700000	usd
CY2023Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	6500000	usd
CY2022Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	7200000	usd
	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	16600000	usd
	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	26700000	usd
CY2023Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	60500000	usd
CY2022Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	51700000	usd
CY2023Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	60500000	usd
CY2023Q2	us-gaap	Other Receivables OtherReceivables	24600000	usd
CY2022Q3	us-gaap	Other Receivables OtherReceivables	11400000	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	6900000	usd
CY2022Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	7500000	usd
CY2023Q2	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	18200000	usd
CY2022Q3	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	18900000	usd
CY2023Q2	us-gaap	Deposits Assets DepositsAssets	6100000	usd
CY2022Q3	us-gaap	Deposits Assets DepositsAssets	10000000.0	usd
CY2023Q2	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	3300000	usd
CY2022Q3	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	1800000	usd
CY2023Q2	us-gaap	Other Assets OtherAssets	59100000	usd
CY2022Q3	us-gaap	Other Assets OtherAssets	49600000	usd
CY2023Q2	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	6400000	usd
CY2022Q3	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	11600000	usd
CY2023Q2	us-gaap	Accrual For Taxes Other Than Income Taxes Current And Noncurrent AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent	5700000	usd
CY2022Q3	us-gaap	Accrual For Taxes Other Than Income Taxes Current And Noncurrent AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent	6200000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	7500000	usd
CY2022Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	8100000	usd
CY2023Q2	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	6700000	usd
CY2022Q3	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	8000000.0	usd
CY2023Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	7500000	usd
CY2022Q3	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	16100000	usd
CY2023Q2	us-gaap	Deferred Revenue DeferredRevenue	4100000	usd
CY2022Q3	us-gaap	Deferred Revenue DeferredRevenue	4100000	usd
CY2023Q2	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	9700000	usd
CY2022Q3	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	8200000	usd
CY2023Q2	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	3100000	usd
CY2022Q3	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	6800000	usd
CY2023Q2	us-gaap	Other Liabilities OtherLiabilities	3400000	usd
CY2022Q3	us-gaap	Other Liabilities OtherLiabilities	1000000.0	usd
CY2023Q2	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	54100000	usd
CY2022Q3	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	70100000	usd
CY2023Q2	us-gaap	Line Of Credit LineOfCredit	0	usd
CY2022Q3	us-gaap	Line Of Credit LineOfCredit	0	usd
CY2023Q2	us-gaap	Long Term Debt LongTermDebt	707200000	usd
CY2022Q3	us-gaap	Long Term Debt LongTermDebt	706000000.0	usd
CY2023Q2	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	410000000	usd
CY2023Q2	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	600000000	usd
CY2023Q2	for	Letterof Credit Maximum Borrowing Capacity LetterofCreditMaximumBorrowingCapacity	100000000	usd
CY2023Q2	for	Letterof Credit Maximum Borrowing Capacity Percentageof Revolving Credit Commitment LetterofCreditMaximumBorrowingCapacityPercentageofRevolvingCreditCommitment	0.50
CY2023Q2	us-gaap	Line Of Credit LineOfCredit	0	usd
CY2023Q2	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	29800000	usd
CY2023Q2	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	380200000	usd
CY2020Q2	for	Debt Repurchase Program Authorized Amount DebtRepurchaseProgramAuthorizedAmount	30000000	usd
CY2023Q2	for	Debt Repurchase Program Authorized Amount DebtRepurchaseProgramAuthorizedAmount	30000000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	46800000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	39700000	usd
	us-gaap	Net Income Loss NetIncomeLoss	94500000	usd
	us-gaap	Net Income Loss NetIncomeLoss	128000000.0	usd
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	50056126	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49879394	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49963326	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49794566	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	119668	shares
CY2022Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	14246	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	65125	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	40325	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	50175794	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	49893640	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	50028451	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	49834891	shares
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.94
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.80
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.89
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.89
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.57
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.57
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.93
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.80
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.89
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.89
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	15600000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	31700000	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	13000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	41400000	usd
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.250
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.251
CY2022Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.247
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.244
CY2023Q2	for	Deferred Income Tax Liabilities Net Of Deferred Income Tax Assets DeferredIncomeTaxLiabilitiesNetOfDeferredIncomeTaxAssets	-33200000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	900000	usd
CY2023Q2	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	34100000	usd
CY2022Q3	for	Deferred Income Tax Liabilities Net Of Deferred Income Tax Assets DeferredIncomeTaxLiabilitiesNetOfDeferredIncomeTaxAssets	-35900000	usd
CY2022Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	1000000	usd
CY2022Q3	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	36900000	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
	for	At The Market Equity Offering Program Common Stock Issued AtTheMarketEquityOfferingProgramCommonStockIssued	0	shares
CY2023Q2	for	Common Stock Availablefor Issuance Value Remaining CommonStockAvailableforIssuanceValueRemaining	748200000	usd
CY2023Q2	for	At The Market Equity Offering Program Common Stock Available For Issuance AtTheMarketEquityOfferingProgramCommonStockAvailableForIssuance	298200000	usd
CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	512545	shares
CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	14.76
CY2023Q2	us-gaap	Share Based Compensation ShareBasedCompensation	900000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	3400000	usd
CY2022Q2	us-gaap	Share Based Compensation ShareBasedCompensation	800000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	2800000	usd
CY2023Q2	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	29800000	usd
CY2023Q2	us-gaap	Special Assessment Bond SpecialAssessmentBond	616300000	usd
CY2023Q2	us-gaap	Deposits Assets DepositsAssets	6100000	usd
CY2023Q2	us-gaap	Purchase Obligation PurchaseObligation	295700000	usd
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	1200000	usd
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	5600000	usd
CY2023Q2	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	53700	lot
CY2022Q3	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	61800	lot
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	401000000.0	usd
CY2023Q2	us-gaap	Long Term Debt LongTermDebt	707200000	usd
CY2022Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	264800000	usd
CY2022Q3	us-gaap	Long Term Debt LongTermDebt	706000000.0	usd
CY2023Q2	ecd	Insider Trd Policies Proc Adopted Flag InsiderTrdPoliciesProcAdoptedFlag	false

Files In Submission

Name	View Source	Status
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0001406587-23-000097-index.html	Edgar Link	pending
0001406587-23-000097.txt	Edgar Link	pending
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exhibit311.htm	Edgar Link	pending
exhibit312.htm	Edgar Link	pending
exhibit321.htm	Edgar Link	pending
exhibit322.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
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R43.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
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R9999.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$FOR
Forestar Group Inc. Stock $for

2023 Q3 Form 10-Q Financial Statement

#000140658723000097 Filed on July 21, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FOR Forestar Group Inc. Stock $for

2023 Q3 Form 10-Q Financial Statement

#000140658723000097 Filed on July 21, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FOR
Forestar Group Inc. Stock $for