Horton d r inc /de/ (DHI)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Sep'09
ASSETS
Cash and cash equivalents

1,522

1,583

1,494

864

698

737

1,473

1,178

1,010

920

1,007

512

993

1,150

1,303

906

1,224

1,268

1,383

805

697

541

661

575

951

820

977

638

1,150

566

1,047

904

679

738

732

841

1,081

1,221

1,309

1,392

1,957

Marketable securities, available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

96

-

283

299

298

297

297

-

-

297

-

-

Restricted cash

14

12

19

21

32

31

32

58

55

53

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

68

54

-

-

-

40

44

49

50

-

-

53

-

-

Total cash, cash equivalents and restricted cash

1,537

1,595

1,514

885

731

768

1,506

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories:
Construction in progress and finished homes

5,969

5,580

5,245

5,722

6,087

5,842

5,086

5,194

5,119

4,907

4,606

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Residential land and lots — developed and under development

6,151

6,214

5,939

5,811

5,672

5,596

5,172

4,948

4,900

4,827

4,519

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Land held for development

77

82

77

125

110

109

96

117

86

100

101

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Land held for sale

26

22

19

42

49

47

40

43

38

204

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total inventories

12,224

11,899

11,282

11,702

11,920

11,595

10,395

10,303

10,144

10,040

9,237

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,911

5,324

5,015

-

-

-

-

3,449

3,500

-

-

-

-

-

Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures

-

-

-

-

-

-

11

32

32

86

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans held for sale

1,400

1,025

1,100

954

796

622

796

679

658

538

587

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

297

275

294

286

-

-

253

-

-

Deferred income taxes, net of valuation allowance of $17.8 million and $18.7 million at March 31, 2020 and September 30, 2019, respectively

149

154

163

173

171

181

194

204

219

239

365

-

-

-

476

-

-

-

558

-

-

-

565

-

-

-

586

-

-

-

709

-

-

-

0

-

-

-

0

-

-

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

12

12

14

-

-

16

-

-

Property and equipment, net

589

563

499

454

437

391

401

385

380

357

325

282

248

218

195

-

-

-

146

-

-

-

193

-

-

-

109

-

-

-

73

-

53

55

57

58

-

-

60

-

-

Other assets

1,086

921

912

889

785

818

701

642

607

622

565

525

521

496

499

531

468

511

527

526

514

506

485

516

481

492

476

537

503

501

507

458

449

443

449

440

-

-

482

-

-

Goodwill

163

163

163

163

163

158

109

109

109

100

80

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

15

15

15

-

-

15

-

-

Total assets

17,130

16,322

15,606

15,224

15,007

14,535

14,114

13,593

13,218

12,957

12,184

11,977

11,921

11,712

11,558

11,333

11,300

11,179

11,151

10,863

10,713

10,338

10,185

9,716

9,372

8,927

8,856

8,287

8,232

7,347

7,248

6,657

5,484

5,363

5,358

5,504

5,621

5,726

5,938

6,211

6,756

LIABILITIES
Accounts payable

707

659

634

681

658

697

624

655

582

575

580

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

1,381

1,377

1,278

1,277

1,192

1,198

1,127

1,074

1,029

1,068

985

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable

4,306

3,783

3,399

3,450

3,622

3,342

3,203

3,093

3,233

3,258

2,871

2,926

3,222

3,217

3,271

3,301

3,662

3,734

3,811

3,821

3,945

3,726

3,665

3,445

3,862

3,461

3,509

3,083

3,273

2,593

2,493

2,095

1,756

1,728

1,704

1,880

-

-

2,171

-

-

Mortgage repurchase facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

163

146

-

116

-

-

-

-

-

Total liabilities

6,395

5,820

5,311

5,409

5,473

5,237

4,955

4,823

4,846

4,901

4,437

4,540

4,701

4,730

4,765

4,820

5,051

5,119

5,255

5,232

5,292

5,074

5,065

4,746

5,023

4,727

4,795

4,379

4,488

3,734

3,653

3,165

2,781

2,711

2,734

2,911

3,010

3,136

3,315

3,574

4,356

Commitments and contingencies (Note L)

-

-

-

-

-

-

-

0

0

0

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

-

-

EQUITY
Preferred stock, $.10 par value, 30,000,000 shares authorized, no shares issued

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $.01 par value, 1,000,000,000 shares authorized, 394,279,177 shares issued and 363,537,810 shares outstanding at March 31, 2020 and 392,172,821 shares issued and 368,431,454 shares outstanding at September 30, 2019

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

Additional paid-in capital

3,191

3,182

3,179

3,146

3,123

3,107

3,085

3,064

3,045

3,010

2,992

2,957

2,931

2,885

2,865

2,839

2,795

2,769

2,733

2,684

2,671

2,639

2,613

2,607

2,087

2,057

2,042

2,027

2,011

1,992

1,979

1,964

1,951

1,929

1,917

1,911

1,906

1,902

1,894

1,888

1,871

Retained earnings

8,425

8,006

7,640

7,190

6,771

6,476

6,217

5,798

5,392

5,088

4,946

4,670

4,418

4,226

4,057

3,803

3,583

3,417

3,289

3,073

2,875

2,750

2,630

2,487

2,387

2,268

2,145

2,006

1,860

1,749

1,743

1,655

879

850

834

810

794

778

810

831

613

Treasury stock, 30,741,367 shares and 23,741,367 shares at March 31, 2020 and September 30, 2019, respectively, at cost

1,162

965

802

697

538

463

322

269

242

220

194

194

134

134

134

134

134

134

134

134

134

134

134

134

134

134

134

134

134

134

134

134

134

134

134

134

95

95

95

95

95

Accumulated other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2

1

2

2

2

2

2

2

1

1

1

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ equity

10,458

10,227

10,020

9,642

9,360

9,124

8,984

8,597

8,198

7,882

7,747

7,436

7,219

6,981

6,792

6,512

6,248

6,059

5,894

5,629

5,418

5,260

5,115

4,966

4,346

4,196

4,058

3,904

3,741

3,610

3,592

3,488

2,700

2,649

2,620

2,591

2,608

2,588

2,613

2,627

2,391

Noncontrolling interests

276

275

274

172

173

173

174

172

173

173

0

0

0

0

0

0

0

1

1

1

2

2

3

3

3

3

2

2

2

2

2

2

3

2

2

2

2

2

9

9

8

Total equity

10,734

10,502

10,295

9,814

9,534

9,298

9,158

8,769

8,371

8,055

7,747

7,436

7,220

6,981

6,793

6,512

6,249

6,060

5,895

5,631

5,421

5,263

5,119

4,969

4,349

4,199

4,061

3,907

3,743

3,613

3,594

3,491

2,703

2,652

2,623

2,593

2,610

2,590

2,622

2,636

2,400

Total liabilities and equity

17,130

16,322

15,606

15,224

15,007

14,535

14,114

13,593

13,218

12,957

12,184

11,977

11,921

11,712

11,558

11,333

11,300

11,179

11,151

10,863

10,713

10,338

10,185

9,716

9,372

8,927

8,856

8,287

8,232

7,347

7,248

6,657

5,484

5,363

5,358

5,504

5,621

5,726

5,938

6,211

6,756

Homebuilding [Member]
Cash and Cash Equivalents, at Carrying Value

-

-

-

-

-

-

-

-

-

-

-

460

947

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

10

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Construction in progress and finished homes

-

-

-

-

-

-

-

-

-

-

-

4,905

4,642

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Residential land and lots — developed and under development

-

-

-

-

-

-

-

-

-

-

-

4,529

4,242

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Land held for development

-

-

-

-

-

-

-

-

-

-

-

107

128

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Land held for sale

-

-

-

-

-

-

-

-

-

-

-

11

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total inventories

-

-

-

-

-

-

-

-

-

-

-

9,554

9,038

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net of valuation allowance of $10.4 million and $10.3 million at June 30, 2017 and September 30, 2016, respectively

-

-

-

-

-

-

-

-

-

-

-

383

451

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

-

-

-

-

-

-

-

-

-

-

-

179

167

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Assets

-

-

-

-

-

-

-

-

-

-

-

470

463

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

-

-

-

-

-

-

-

-

80

80

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

-

-

-

-

-

-

-

-

-

-

-

11,139

11,159

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

602

530

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued Liabilities

-

-

-

-

-

-

-

-

-

-

-

957

897

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable

-

-

-

-

-

-

-

-

-

-

-

2,453

2,803

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

-

-

-

-

-

-

-

-

-

-

-

4,013

4,231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financial Services and Other [Member]
Cash and Cash Equivalents, at Carrying Value

-

-

-

-

-

-

-

-

-

-

-

51

45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans held for sale

-

-

-

-

-

-

-

-

-

-

-

627

577

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

-

-

-

-

-

-

-

-

-

-

-

103

80

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Assets

-

-

-

-

-

-

-

-

-

-

-

55

57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

-

-

-

-

-

-

-

-

-

-

-

837

761

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and other liabilities

-

-

-

-

-

-

-

-

-

-

-

53

50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets Sold under Agreements to Repurchase, Repurchase Liability

-

-

-

-

-

-

-

-

-

-

-

473

419

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

-

-

-

-

-

-

-

-

-

-

-

527

469

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-