$FOR
Forestar Group Inc. Stock $for

$for Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000140658724000074 Filed on April 23, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$318.4M	$333.8M
YoY Change	-13.69%	10.71%
Cost Of Revenue	$246.9M	$250.5M
YoY Change	-13.03%	2.0%
Gross Profit	$71.50M	$83.30M
YoY Change	-15.88%	49.02%
Gross Profit Margin	22.46%	24.96%
Selling, General & Admin	$29.30M	$29.20M
YoY Change	10.98%	32.73%
% of Gross Profit	40.98%	35.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$900.0K	$600.0K
YoY Change	12.5%	-25.0%
% of Gross Profit	1.26%	0.72%
Operating Expenses	$29.30M	$29.20M
YoY Change	10.98%	32.73%
Operating Profit	$42.20M	$54.10M
YoY Change	-27.99%	59.59%
Interest Expense	$4.400M	$5.000M
YoY Change	15.79%	150.0%
% of Operating Profit	10.43%	9.24%
Other Income/Expense, Net
YoY Change
Pretax Income	$51.60M	$58.90M
YoY Change	-17.31%	64.07%
Income Tax	$12.90M	$13.90M
% Of Pretax Income	25.0%	23.6%
Net Earnings	$38.70M	$45.00M
YoY Change	-17.31%	67.29%
Net Earnings / Revenue	12.15%	13.48%
Basic Earnings Per Share	$0.76	$0.90
Diluted Earnings Per Share	$0.76	$0.89
COMMON SHARES
Basic Shares Outstanding	50.60M shares	49.91M shares
Diluted Shares Outstanding	51.06M shares	50.63M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$359.2M	$416.2M
YoY Change	-10.42%	45.17%
Cash & Equivalents	$359.2M	$416.2M
Short-Term Investments
Other Short-Term Assets	$13.00M	$9.900M
YoY Change	-28.57%	-41.07%
Inventory
Prepaid Expenses
Receivables	$33.00M	$28.50M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$359.2M	$454.6M
YoY Change	-19.06%	58.56%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.500M	$2.130B
YoY Change	-99.66%	6.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$300.0K	$500.0K
YoY Change	-40.0%	0.0%
Other Assets
YoY Change
Total Long-Term Assets	$2.316B	$2.144B
YoY Change	19.89%	4.61%
TOTAL ASSETS
Total Short-Term Assets	$359.2M	$454.6M
Total Long-Term Assets	$2.316B	$2.144B
Total Assets	$2.675B	$2.599B
YoY Change	12.61%	11.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$70.90M	$61.70M
YoY Change	3.35%	-8.86%
Accrued Expenses	$168.5M	$141.4M
YoY Change	39.83%	-3.94%
Deferred Revenue	$5.500M	$5.700M
YoY Change	-26.67%	-50.0%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$403.2M	$355.8M
YoY Change	24.98%	3.13%
LONG-TERM LIABILITIES
Long-Term Debt	$706.1M	$705.7M
YoY Change	-0.16%	-0.16%
Other Long-Term Liabilities	$13.10M	$13.50M
YoY Change	-12.67%	-26.63%
Total Long-Term Liabilities	$706.1M	$719.2M
YoY Change	-2.23%	1.75%
TOTAL LIABILITIES
Total Short-Term Liabilities	$403.2M	$355.8M
Total Long-Term Liabilities	$706.1M	$719.2M
Total Liabilities	$1.162B	$1.127B
YoY Change	7.61%	3.52%
SHAREHOLDERS EQUITY
Retained Earnings	$796.7M	$758.0M
YoY Change	32.25%	36.43%
Common Stock	$715.2M	$713.9M
YoY Change	3.19%	3.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.512B	$1.472B
YoY Change
Total Liabilities & Shareholders Equity	$2.675B	$2.599B
YoY Change	12.61%	11.23%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$38.70M	$45.00M
YoY Change	-17.31%	67.29%
Depreciation, Depletion And Amortization	$900.0K	$600.0K
YoY Change	12.5%	-25.0%
Cash From Operating Activities	-$61.70M	-$59.20M
YoY Change	-153.7%	-183.26%
INVESTING ACTIVITIES
Capital Expenditures	$600.0K	$600.0K
YoY Change	20.0%	200.0%
Acquisitions
YoY Change
Other Investing Activities	$5.100M	$0.00
YoY Change
Cash From Investing Activities	$4.500M	-$600.0K
YoY Change	-1000.0%	200.0%
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	17.10M
YoY Change	-300.0%	-2950.0%
NET CHANGE
Cash From Operating Activities	-61.70M	-59.20M
Cash From Investing Activities	4.500M	-600.0K
Cash From Financing Activities	200.0K	17.10M
Net Change In Cash	-57.00M	-42.70M
YoY Change	-149.87%	-160.74%
FREE CASH FLOW
Cash From Operating Activities	-$61.70M	-$59.20M
Capital Expenditures	$600.0K	$600.0K
Free Cash Flow	-$62.30M	-$59.80M
YoY Change	-154.46%	-184.34%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	1600000	usd
	us-gaap	Interest And Other Income InterestAndOtherIncome	11300000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	200000	usd
CY2024Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	2600000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1800000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1472900000	usd
	us-gaap	Production Related Impairments Or Charges ProductionRelatedImpairmentsOrCharges	22700000	usd
CY2024Q1	us-gaap	Liabilities Liabilities	1125800000	usd
CY2023Q3	us-gaap	Liabilities Liabilities	1100800000	usd
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	1.00
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	200000000	shares
CY2023Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	200000000	shares
CY2023Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	49903713	shares
CY2023Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	49903713	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	50600000	usd
CY2024Q1	us-gaap	Minority Interest MinorityInterest	1000000.0	usd
CY2023Q3	us-gaap	Minority Interest MinorityInterest	1000000.0	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1472900000	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1369900000	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2598700000	usd
CY2023Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2470700000	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#OtherAssets
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#OtherAssets
CY2024Q1	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
CY2023Q3	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
CY2023Q3	us-gaap	Long Term Debt LongTermDebt	695000000.0	usd
CY2024Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	1.00
CY2023Q3	us-gaap	Common Stock Value CommonStockValue	49900000	usd
CY2024Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	663300000	usd
CY2023Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	644200000	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	758000000.0	usd
CY2023Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	674800000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	1471900000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	1368900000	usd
	us-gaap	Revenues Revenues	639700000	usd
	us-gaap	Revenues Revenues	518200000	usd
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	483700000	usd
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	414800000	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	57200000	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	44900000	usd
	us-gaap	Interest And Other Income InterestAndOtherIncome	3700000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	110100000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	63800000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	26900000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	45000000.0	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	26900000	usd
	us-gaap	Profit Loss ProfitLoss	83200000	usd
	us-gaap	Profit Loss ProfitLoss	47700000	usd
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49900000	shares
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.65
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.95
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	50500000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	50000000.0	shares
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1369900000	usd
CY2023Q4	us-gaap	Profit Loss ProfitLoss	38200000	usd
CY2023Q4	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	0	usd
CY2023Q4	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	200000	usd
CY2023Q4	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	900000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1408800000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	45000000.0	usd
CY2024Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	19700000	usd
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
CY2023Q1	us-gaap	Profit Loss ProfitLoss	26900000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	100000	usd
CY2023Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	700000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1900000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1248800000	usd
	us-gaap	Profit Loss ProfitLoss	83200000	usd
	us-gaap	Profit Loss ProfitLoss	47700000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1400000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1500000	usd
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-100000	usd
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	1200000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	2700000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	2500000	usd
	us-gaap	Production Related Impairments Or Charges ProductionRelatedImpairmentsOrCharges	400000	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	1600000	usd
	us-gaap	Proceeds From Other Operating Activities ProceedsFromOtherOperatingActivities	300000	usd
	us-gaap	Proceeds From Other Operating Activities ProceedsFromOtherOperatingActivities	0	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	316100000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-9600000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	2100000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	3000000.0	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-12100000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-26500000	usd
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	3200000	usd
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-23200000	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	23100000	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-7200000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-215900000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	21300000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	800000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	300000	usd
	us-gaap	Proceeds From Sales Of Assets Investing Activities ProceedsFromSalesOfAssetsInvestingActivities	0	usd
	us-gaap	Proceeds From Sales Of Assets Investing Activities ProceedsFromSalesOfAssetsInvestingActivities	1600000	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	1300000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	19700000	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2800000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	700000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	16900000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-700000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-199800000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	21900000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	416200000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	286700000	usd
	us-gaap	Notes Issued1 NotesIssued1	0	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>
CY2024Q1	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	2115900000	usd
CY2023Q3	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1790300000	usd
	us-gaap	Payments To Acquire Residential Real Estate PaymentsToAcquireResidentialRealEstate	350000000	usd
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	450300000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
CY2024Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	19400000	usd
CY2023Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	19400000	usd
CY2024Q1	us-gaap	Loss On Contract Termination LossOnContractTermination	200000	usd
	us-gaap	Loss On Contract Termination LossOnContractTermination	400000	usd
CY2023Q1	us-gaap	Loss On Contract Termination LossOnContractTermination	900000	usd
	us-gaap	Loss On Contract Termination LossOnContractTermination	3300000	usd
	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	10100000	usd
CY2024Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	62200000	usd
CY2024Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	1700000	usd
CY2023Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	7500000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	3000000.0	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	14300000	usd
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CY2023Q1	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	41100000	usd
	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	6600000	usd
	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	44400000	usd
CY2024Q1	us-gaap	Revenues Revenues	333800000	usd
CY2023Q1	us-gaap	Revenues Revenues	301500000	usd
	us-gaap	Revenues Revenues	639700000	usd
	us-gaap	Revenues Revenues	518200000	usd
CY2024Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	1700000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	3000000	usd
CY2023Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	7500000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	14300000	usd
CY2023Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	60500000	usd
CY2022Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	55700000	usd
CY2023Q3	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	58500000	usd
CY2022Q3	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	52500000	usd
CY2024Q1	us-gaap	Interest Costs Incurred InterestCostsIncurred	8200000	usd
CY2023Q1	us-gaap	Interest Costs Incurred InterestCostsIncurred	8200000	usd
	us-gaap	Interest Costs Incurred InterestCostsIncurred	16300000	usd
	us-gaap	Interest Costs Incurred InterestCostsIncurred	16400000	usd
CY2024Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	6500000	usd
CY2023Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	5100000	usd
	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	12600000	usd
CY2023Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	58800000	usd
CY2024Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	62200000	usd
CY2023Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	58800000	usd
CY2024Q1	us-gaap	Other Receivables OtherReceivables	28500000	usd
CY2023Q3	us-gaap	Other Receivables OtherReceivables	25700000	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	8200000	usd
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	7600000	usd
CY2024Q1	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	9900000	usd
CY2023Q3	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	15700000	usd
CY2024Q1	us-gaap	Deposits Assets DepositsAssets	11700000	usd
CY2023Q3	us-gaap	Deposits Assets DepositsAssets	7000000.0	usd
CY2024Q1	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	1700000	usd
CY2023Q3	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	2000000.0	usd
CY2024Q1	us-gaap	Other Assets OtherAssets	60000000.0	usd
CY2023Q3	us-gaap	Other Assets OtherAssets	58000000.0	usd
CY2024Q1	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	10900000	usd
CY2023Q3	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	11200000	usd
CY2024Q1	us-gaap	Accrual For Taxes Other Than Income Taxes Current And Noncurrent AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent	4700000	usd
CY2023Q3	us-gaap	Accrual For Taxes Other Than Income Taxes Current And Noncurrent AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent	7900000	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	8800000	usd
CY2023Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	8100000	usd
CY2024Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	7100000	usd
CY2023Q3	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	7000000.0	usd
CY2024Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	5700000	usd
CY2023Q3	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	10000000.0	usd
CY2024Q1	us-gaap	Deferred Revenue DeferredRevenue	4100000	usd
CY2023Q3	us-gaap	Deferred Revenue DeferredRevenue	4100000	usd
CY2024Q1	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	8200000	usd
CY2023Q3	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	4400000	usd
CY2024Q1	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	2600000	usd
CY2023Q3	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	4800000	usd
CY2024Q1	us-gaap	Other Liabilities OtherLiabilities	3700000	usd
CY2023Q3	us-gaap	Other Liabilities OtherLiabilities	3700000	usd
CY2024Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	55800000	usd
CY2023Q3	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	61200000	usd
CY2024Q1	us-gaap	Line Of Credit LineOfCredit	0	usd
CY2023Q3	us-gaap	Line Of Credit LineOfCredit	0	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	705700000	usd
CY2023Q3	us-gaap	Long Term Debt LongTermDebt	695000000.0	usd
CY2024Q1	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	410000000	usd
CY2024Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	600000000	usd
CY2024Q1	for	Letterof Credit Maximum Borrowing Capacity LetterofCreditMaximumBorrowingCapacity	100000000	usd
CY2024Q1	for	Letterof Credit Maximum Borrowing Capacity Percentageof Revolving Credit Commitment LetterofCreditMaximumBorrowingCapacityPercentageofRevolvingCreditCommitment	0.50
CY2024Q1	us-gaap	Line Of Credit LineOfCredit	0	usd
CY2024Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	28000000	usd
CY2024Q1	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	382000000	usd
CY2020Q2	for	Debt Repurchase Program Authorized Amount DebtRepurchaseProgramAuthorizedAmount	30000000	usd
CY2024Q1	for	Debt Repurchase Program Authorized Amount DebtRepurchaseProgramAuthorizedAmount	30000000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	45000000.0	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	26900000	usd
	us-gaap	Net Income Loss NetIncomeLoss	83200000	usd
	us-gaap	Net Income Loss NetIncomeLoss	47700000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	50147639	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49943373	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	50106735	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	49916927	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	479318	shares
CY2023Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	67166	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	437784	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	37854	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	50626957	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	50010539	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	50544519	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	49954781	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.90
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.54
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.66
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.95
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.89
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.54
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.65
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.95
CY2024Q1	ecd	Insider Trd Policies Proc Adopted Flag InsiderTrdPoliciesProcAdoptedFlag	false
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	13900000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	26900000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	16100000	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.236
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.244
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.251
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.252
CY2024Q1	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	50000000	usd
CY2024Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	800000	usd
CY2024Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	50800000	usd
CY2023Q3	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	49800000	usd
CY2023Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	900000	usd
CY2023Q3	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	50700000	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	546174	shares
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	19700000	usd
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	400000	usd
CY2024Q1	for	Common Stock Availablefor Issuance Value Remaining CommonStockAvailableforIssuanceValueRemaining	728100000	usd
CY2024Q1	for	At The Market Equity Offering Program Common Stock Available For Issuance AtTheMarketEquityOfferingProgramCommonStockAvailableForIssuance	278100000	usd
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	154034	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	40.19
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1800000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	2700000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1900000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	2500000	usd
CY2024Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	28000000	usd
CY2024Q1	us-gaap	Special Assessment Bond SpecialAssessmentBond	660900000	usd
CY2024Q1	us-gaap	Deposits Assets DepositsAssets	11700000	usd
CY2024Q1	us-gaap	Purchase Obligation PurchaseObligation	752000000	usd
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	3100000	usd
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	900000	usd
CY2024Q1	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	57400	lot
CY2023Q3	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	52400	lot
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	416200000	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	705700000	usd
CY2023Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	616000000.0	usd
CY2023Q3	us-gaap	Long Term Debt LongTermDebt	695000000.0	usd

Files In Submission

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for-20240331_pre.xml	Edgar Link	unprocessable

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$FOR
Forestar Group Inc. Stock $for

2024 Q2 Form 10-Q Financial Statement

#000140658724000074 Filed on April 23, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FOR Forestar Group Inc. Stock $for

2024 Q2 Form 10-Q Financial Statement

#000140658724000074 Filed on April 23, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FOR
Forestar Group Inc. Stock $for