HORTON D R INC /DE/ DHI Cash Flow

Horton d r inc /de/ (DHI)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09
OPERATING ACTIVITIES
Net income
1,893,900	1,764,400	1,618,600	1,583,600	1,563,700	1,560,200	1,462,300	1,306,700	1,142,000	1,020,300	1,038,400	1,008,800	969,600	935,500	886,300	841,500	813,100	765,900	750,700	678,000	569,800	552,800	533,500	506,800	539,500	519,600	462,700	423,300	1,065,300	994,900	956,300	892,000	132,700	119,900	71,800	27,200	49,100	32,700	245,100	0	0	0
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization
76,700	74,100	72,000	68,200	63,400	63,100	62,400	60,900	60,500	56,500	54,700	60,000	60,700	61,800	61,000	55,800	56,300	55,400	54,100	51,500	47,100	42,900	38,400	33,300	29,300	25,700	22,700	20,400	19,100	18,600	18,800	19,400	19,800	20,000	19,900	19,700	19,000	18,400	18,400	0	0	0
Amortization of discounts and fees
11,600	11,400	10,900	11,700	12,600	11,300	9,900	7,400	4,800	4,900	5,000	5,200	5,200	5,300	5,400	5,600	5,700	5,700	5,600	6,100	9,300	18,400	27,400	35,400	40,600	39,600	39,700	40,200	40,600	41,000	40,400	39,500	38,800	38,000	37,200	36,200	34,800	32,900	30,800	0	0	0
Stock-based compensation expense
75,200	71,700	73,200	63,400	60,700	60,300	55,800	65,100	64,100	63,500	59,200	52,600	50,800	47,900	49,000	47,300	44,100	41,200	42,200	40,300	37,800	32,200	26,200	23,500	22,200	20,900	19,000	16,900	15,600	16,600	18,100	18,600	17,700	15,800	14,200	13,500	13,400	13,500	13,300	0	0	0
Equity in earnings of unconsolidated entities
900	400	500	200	600	1,100	2,800	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions of earnings of unconsolidated entities
0	0	500	2,300	2,300	2,300	2,000	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess income tax benefit from employee stock awards
-	-	-	-	-	-	-	-	-	-	14,300	14,200	14,800	8,300	10,000	11,300	9,500	13,300	12,300	6,300	5,400	900	600	8,300	8,600	7,600	6,700	0	0	0	-	-	-	-	-	-	-	-	2,800	0	0	0
Deferred income taxes
-17,500	-23,400	-20,100	-22,300	-38,500	-48,500	-170,900	-179,100	-231,700	-228,800	-110,800	-120,600	-69,800	-70,200	-75,300	-29,100	-15,300	-4,200	-3,100	-34,300	-18,100	-21,600	-17,400	-55,200	-108,900	-103,800	-130,900	1,346,700	670,800	674,300	709,500	0	0	0	-	-	-	-	-	-	-	-
Inventory and land option charges
45,000	49,800	54,000	48,600	38,400	54,700	50,400	63,100	59,500	41,600	40,200	35,300	38,000	31,700	31,400	42,300	49,600	56,300	60,300	55,300	96,700	88,600	85,200	91,000	35,000	32,400	31,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
82,100	83,000	53,900	58,200	35,600	7,400	18,800	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on early retirement of debt, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	-6,500	-9,200	-10,800	-8,900	-10,700	-8,000	-4,900	0	0	0
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	200	200	400	200	0	0	0	-	-	-	-	-	-	-	-
Gain on sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Inventory impairments and land option cost write-offs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	63,400	83,800	71,900	64,700	0	0	0
Changes in operating assets and liabilities:
Increase in construction in progress and finished homes
-115,400	-250,100	-84,600	285,200	723,500	680,800	482,800	304,100	495,400	640,400	584,400	488,000	446,900	452,200	496,200	563,900	214,100	47,700	-63,100	410,900	957,400	903,700	918,200	882,600	718,200	782,500	815,300	762,700	636,700	511,900	275,400	148,000	115,300	148,600	91,400	18,800	-298,800	-157,700	-156,000	0	0	0
Increase in residential land and lots – developed, under development, held for development and held for sale
555,000	613,600	676,400	820,200	747,900	824,500	573,800	369,900	537,500	394,900	362,300	513,800	342,500	171,300	10,300	-119,400	-154,500	33,400	152,600	306,500	358,000	547,100	513,600	516,900	745,300	700,100	1,235,600	1,209,800	975,300	943,700	371,000	225,500	91,300	-22,300	-16,900	12,400	98,900	66,500	11,200	0	0	0
Increase in other assets
274,800	125,600	161,600	214,100	154,900	148,900	110,600	68,800	29,400	54,500	63,700	41,200	82,800	51,400	16,300	31,200	-17,900	-3,300	29,800	30,600	42,500	20,000	-8,800	-61,600	-32,700	-21,400	-18,300	37,900	11,900	19,500	36,200	12,000	12,800	-30,000	-32,700	-26,500	-29,100	-21,400	-2,500	0	0	0
(Increase) decrease in income taxes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,400	-12,900	-12,900	-12,400	2,000	-1,100	-1,100	-1,900	-3,600	-18,600	-15,400	-367,400	-277,100	0	0	0
Net increase in mortgage loans held for sale
583,000	402,900	275,600	274,900	138,100	83,700	208,800	51,000	78,600	-11,000	-67,600	-17,300	-48,200	13,300	12,400	66,100	98,500	70,600	154,100	149,200	175,100	154,000	81,800	61,000	-51,800	-8,100	49,800	63,100	97,000	32,000	51,200	8,900	90,800	87,400	40,300	-29,900	-30,600	23,800	33,000	0	0	0
Increase in accounts payable, accrued expenses and other liabilities
219,200	132,000	126,200	172,100	203,300	193,100	129,100	65,100	83,100	85,900	89,000	99,800	93,700	138,600	58,000	126,600	56,400	51,100	60,300	138,900	195,200	86,500	115,900	-4,700	-42,700	138,200	139,500	213,300	178,100	145,200	113,600	43,400	29,500	-91,800	-101,800	-165,700	-225,300	-94,700	-56,400	0	0	0
Net cash used in operating activities
958,700	1,151,400	892,100	319,400	182,300	247,100	545,200	932,400	482,200	393,400	440,200	349,600	456,200	597,200	623,900	600,400	896,100	827,900	700,400	100,900	-564,400	-782,700	-661,400	-666,700	-654,800	-580,500	-1,229,300	-1,254,500	-1,053,100	-947,000	-292,200	-79,800	-39,400	-32,300	18,900	47,000	260,500	538,900	709,400	0	0	0
INVESTING ACTIVITIES
Expenditures for property and equipment
105,000	128,600	127,200	119,400	98,400	63,000	68,100	53,200	84,700	105,800	102,700	116,400	95,200	80,200	78,100	78,000	72,500	64,900	56,100	93,600	91,400	93,200	100,200	67,300	65,500	62,300	58,000	50,400	53,400	45,200	33,600	27,300	13,600	15,000	16,300	16,400	19,700	20,400	19,200	0	0	0
Proceeds from sale of assets
189,800	196,200	143,800	175,600	123,300	278,500	292,900	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Expenditures related to rental properties
181,600	145,100	96,900	70,400	59,000	62,500	70,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,900	81,000	106,900	243,200	240,800	229,100	277,000	201,200	300,100	0	0	0	-	-	-	-
Proceeds from the sale or maturity of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	325,400	361,400	400,700	438,000	232,800	234,600	262,300	191,700	292,500	0	0	0	-	-	-	-
Increase (Decrease) in Restricted Cash
-	-	-	-	-	-	-	-	-	-	-	7,600	7,000	5,800	-200	1,100	2,000	1,100	700	-8,400	-69,400	-71,500	-67,800	-48,500	25,300	26,300	28,500	27,100	13,800	10,200	200	-8,900	-4,300	-1,600	-4,600	-8,400	-5,300	-6,900	-1,500	0	0	0
Investment in unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of investment in unconsolidated entities
2,400	1,900	4,400	6,500	6,800	7,000	17,500	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net principal increase of other mortgage loans and real estate owned
1,300	2,300	2,300	2,400	2,800	1,900	1,200	-100	-5,200	-5,300	-6,200	-20,700	-21,100	-22,800	-19,700	-1,700	4,400	8,000	8,900	9,100	8,800	7,400	5,600	4,300	4,200	3,500	2,500	2,500	1,500	3,300	4,700	0	0	0	-	-	-	-	-	-	-	-
Proceeds from (purchases of) debt securities collateralized by residential real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,600	18,600	18,600	18,600	0	0	0	0	-	-	-	-	-	-	-	-
Payments related to business acquisitions
11,800	23,500	315,800	312,000	310,700	295,800	159,200	158,100	158,100	156,400	4,100	86,300	86,300	86,300	82,200	0	0	0	-	-	-	-	244,100	222,700	34,500	34,500	9,400	105,900	105,900	105,900	96,500	0	0	0	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-107,500	-101,400	-394,000	-314,800	-333,500	-130,400	19,000	-35,500	-59,200	-293,700	-164,000	-206,400	-179,300	-121,700	-112,600	12,200	-72,800	-103,700	-95,400	-199,200	-240,400	-238,700	-282,100	-245,800	-128,100	-28,600	180,900	77,300	100,600	11,600	-143,000	-20,100	-31,200	-28,500	-23,300	-13,900	-113,800	-314,800	-318,000	0	0	0
FINANCING ACTIVITIES
Proceeds from notes payable
2,304,500	2,445,600	2,528,200	2,527,400	2,064,900	1,627,900	2,163,500	2,299,300	2,748,600	1,948,900	835,000	0	0	0	-	-	-	-	1,590,700	2,302,100	2,280,900	1,917,600	1,427,600	1,102,200	886,900	1,207,900	1,307,900	1,280,300	1,636,600	836,400	765,900	0	0	0	-	-	-	-	-	-	-	-
Repayment of notes payable
2,074,000	2,410,000	2,686,100	2,538,300	1,960,200	1,632,000	2,181,700	2,320,400	2,890,300	2,017,800	1,192,300	1,052,300	428,700	464,100	544,800	566,600	528,500	1,086,300	1,456,200	1,956,500	1,731,600	1,192,000	796,900	276,900	338,300	382,500	345,100	345,100	175,000	23,300	17,500	197,300	345,600	402,900	519,300	467,600	670,900	915,200	1,019,900	0	0	0
Advances on mortgage repurchase facility, net
495,800	376,400	251,200	270,200	200,900	86,500	217,700	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock associated with certain employee benefit plans
33,300	38,200	42,700	38,000	37,000	41,400	47,400	48,600	54,700	58,500	46,700	44,900	68,700	58,200	72,400	99,600	69,200	74,200	61,800	26,100	36,600	46,500	45,200	44,900	41,600	30,900	29,700	48,500	47,000	48,400	50,900	31,000	23,800	7,500	3,400	5,700	4,800	6,100	7,600	0	0	0
Excess income tax benefit from employee stock awards
-	-	-	-	-	-	-	-	-	-	14,300	14,200	14,800	8,300	10,000	11,300	9,500	13,300	12,300	6,300	5,400	900	600	8,300	8,600	7,600	6,700	0	0	0	-	-	-	-	-	-	-	-	2,800	0	0	0
Cash paid for shares withheld for taxes
38,300	32,900	19,700	19,500	19,500	4,100	10,300	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
240,200	232,000	223,400	215,000	206,200	197,400	188,400	178,700	169,000	159,300	149,600	142,000	134,200	126,400	118,700	111,900	105,100	98,400	91,600	91,400	82,200	71,400	48,600	25,800	12,100	0	60,200	72,200	84,200	96,100	47,800	47,700	47,600	47,700	47,800	47,800	47,900	47,800	47,700	0	0	0
Repurchases of common stock
624,000	502,300	479,800	414,100	295,800	242,700	127,500	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interests, net
-600	-3,800	-3,900	-4,900	-4,900	-2,000	-3,200	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (Payments for) Other Financing Activities
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities
-45,100	-222,400	-490,100	-356,200	-183,800	-322,400	-82,500	-181,900	-359,500	-285,500	-564,600	-537,600	-507,800	-593,900	-591,900	-511,400	-296,900	3,500	117,000	286,600	509,100	701,600	627,900	852,700	586,700	863,900	939,000	911,500	1,424,400	765,400	751,500	163,800	-330,700	-422,200	-572,300	-584,600	-705,200	-939,200	-1,039,400	0	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash
806,100	827,600	8,000	-351,600	-335,000	-205,700	481,700	715,000	63,500	-185,800	-288,400	-394,400	-230,900	-118,400	-80,600	101,200	526,400	727,700	722,000	188,300	-295,700	-319,800	-315,600	-59,800	-196,200	254,800	-109,400	-265,700	471,900	-170,000	316,300	63,900	-401,300	-483,000	-576,700	-551,500	-558,500	-715,100	-648,000	0	0	0
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES:
Notes payable issued for inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,200	5,800	4,500	7,100	9,700	8,100	8,100	5,500	0	0	0	0	11,400	11,400	11,400	15,500	4,100	0	0	0	-	-	-	-	-	-	-	-
Stock issued under employee incentive plans
84,900	72,000	49,600	49,400	49,600	59,500	64,000	63,800	63,600	38,700	31,900	32,000	32,100	19,100	20,100	19,900	19,700	8,100	8,300	8,300	8,300	8,300	5,500	5,500	5,500	5,500	3,900	3,900	3,900	3,900	3,100	0	0	0	-	-	-	-	-	-	-	-
Accrued expenditures for property and equipment
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrual for holdback payment related to acquisition
-2,300	-8,100	10,100	15,000	16,300	27,700	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-