Forestar group inc. (FOR)
CashFlow / 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'11
OPERATING ACTIVITIES
Net income

46,700

49,200

36,300

78,734

82,120

73,900

54,400

44,492

31,675

52,340

111,886

76,935

89,720

60,179

10,748

-163,858

-208,430

-212,371

-218,792

-49,222

-156

17,088

44,918

52,576

39,026

35,061

32,425

19,148

19,421

17,876

-17,106

20,239

14,442

9,241

0

0

0

Adjustments:
Depreciation and amortization

7,100

7,200

6,700

6,126

5,604

5,300

5,200

5,133

5,232

5,421

5,683

7,041

8,147

11,447

18,190

28,993

38,545

45,085

49,386

47,148

45,601

41,715

37,391

34,330

31,127

29,980

27,672

27,581

22,854

18,926

16,419

10,860

10,872

10,802

0

0

0

Deferred income taxes

15,000

13,700

9,500

-18,183

-20,239

-23,400

-23,000

1,074

1,114

1,746

1,290

1,270

1,331

1,360

80,383

16,203

36,902

41,261

-26,812

19,080

3,028

1,645

-8,795

11,565

7,716

5,389

0

-2,105

-4,393

-6,506

-19,135

-23,086

-27,145

-27,177

0

0

0

Change in unrecognized tax benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,251

-6,214

150

150

151

-177

-166

-156

-147

0

0

0

Equity in earnings of unconsolidated ventures

700

400

500

2,771

3,871

5,400

11,800

11,293

13,040

17,873

13,124

14,997

12,438

6,123

8,342

7,614

13,010

16,008

16,258

15,365

10,739

8,685

6,098

7,207

8,815

8,737

18,901

16,456

14,658

14,469

-28,669

-28,701

-29,067

-29,209

0

0

0

Distributions of earnings of unconsolidated ventures

0

0

4,900

8,362

8,400

8,400

11,800

11,047

18,071

23,045

17,671

17,688

11,389

7,719

10,191

9,719

11,200

12,741

10,247

9,042

7,548

5,721

8,308

7,918

7,378

6,360

0

0

0

-

-

-

-

6,597

0

0

0

Distributions of earnings to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Stock-based compensation expense

2,400

1,700

1,300

1,194

406

400

4,400

4,614

5,918

6,667

3,939

4,580

3,500

4,037

1,380

2,635

2,284

4,246

4,425

3,212

6,446

3,417

5,965

8,466

6,707

16,809

18,805

21,640

20,113

14,929

18,159

8,279

8,198

7,067

0

0

0

Real estate cost of sales

-

-

-

-

-

-

-

0

67,068

-

92,142

93,014

97,811

98,412

110,975

97,418

90,690

87,733

58,989

60,840

69,737

84,665

92,826

99,667

88,366

104,899

84,686

65,845

75,221

39,360

42,986

50,335

34,326

34,137

0

0

0

Dry hole and unproved leasehold impairment costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67,639

64,709

53,187

27,233

29,528

15,172

11,545

7,476

5,837

0

0

0

-

-

-

-

-

-

-

-

Real estate development and acquisition expenditures, net

-

-

-

-

-

-

-

0

239,216

-

62,982

73,736

80,125

81,179

83,485

83,701

88,013

107,988

112,885

105,489

114,428

114,694

123,711

138,395

124,076

106,609

90,575

74,207

72,758

91,940

183,654

95,973

90,176

66,997

0

0

0

Reimbursements from utility and improvement districts

-

-

-

-

-

-

-

0

18,891

-

23,250

31,472

28,593

27,107

6,807

-7,716

-11,352

-15,176

-65,778

-66,583

-68,641

-66,047

-13,959

-13,682

-11,690

-9,945

-10,142

-10,468

-8,423

-8,524

-15,653

-9,608

-10,317

-10,461

0

0

0

Other changes in real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-1,989

-795

-921

-1,384

-314

-454

-300

284

0

0

0

Cost of timber cut

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Changes in deferred income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

2,086

2,123

-4,521

-1,070

-614

-949

1,073

-32

0

0

0

Real estate and land option charges

-

1,200

-

-

-

700

9,600

9,300

9,300

47,200

41,774

49,401

98,839

60,939

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-600

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of assets

2,200

2,000

3,000

26,136

25,954

28,700

27,800

13,457

41,745

113,214

158,183

150,246

224,694

153,083

108,728

105,523

2,307

879

10,326

23,185

39,214

38,038

0

0

0

-

-

-

-

25,983

0

0

0

-

-

-

-

Other

-

-

-

-

-

-

4,046

1,762

157

800

-4,066

-4,092

-4,484

-5,359

-5,929

-5,749

-4,770

-4,680

-6,674

-7,076

-7,002

-5,887

-3,840

-3,323

-2,877

-2,391

-168

267

79

21

-153

-605

-265

-73

0

0

0

Changes in operating assets and liabilities:
Increase in real estate

348,900

688,700

531,700

124,900

582,400

165,900

402,400

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in other assets

2,600

-900

-300

2,800

-600

2,900

900

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes and accounts receivables

-

-

-

-

-

-

-

0

-6,748

-

11,259

4,451

2,418

-13,486

-10,361

-9,727

-5,985

978

-26,399

-25,657

-10,287

-10,704

9,620

9,221

-2,926

3,864

1,031

2,342

-664

1,132

-250

-587

554

-1,359

0

0

0

Prepaid expenses, land purchase contract deposits and other

-

-

-

-

-

-

-

0

4,312

-

2,097

1,480

120

133

-1,456

-1,604

329

-3,026

-1,054

-931

-4,085

-2,180

-3,810

-1,820

-21

795

4,233

2,175

2,789

2,560

-2,417

-1,526

-661

-536

0

0

0

(Decrease) increase in accounts payable and other accrued liabilities

28,300

42,200

41,900

39,292

31,365

21,500

20,400

10,248

956

-7,235

-12,688

-9,115

-18,863

-17,009

-23,124

-10,018

-2,926

-11,868

-3,704

-13,416

-5,193

-4,653

6,462

5,141

442

-1,557

-14,247

-14,851

-11,806

-2,527

-4,961

-2,877

-1,814

4,549

0

0

0

(Decrease) increase in earnest money deposits on sales contracts

-

21,500

-

-

-

56,300

37,500

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in income taxes receivable

0

-700

-1,200

-3,167

-3,630

-2,200

14,800

-15,710

-11,854

4,149

-750

11,987

18,925

1,189

-19,190

702

-12,267

-4,553

-3,878

-3,515

-3,801

-11,379

1,570

-414

290

3,290

-2,787

-2,423

-1,286

-7,914

-21,204

3,214

1,974

5,209

0

0

0

Net cash used in operating activities

-231,500

-238,700

-391,200

-550,889

-452,501

-447,100

-305,300

-192,160

-132,926

-21,306

38,336

43,253

59,761

67,149

79,973

65,178

58,901

35,126

55,656

70,574

82,773

107,082

80,080

72,899

61,025

88,777

42,215

23,475

58,591

-22,218

-12,314

62,962

-1,256

39,852

0

0

0

INVESTING ACTIVITIES
Expenditures for property, equipment, software and other

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of oil and gas properties, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Return of investment in unconsolidated ventures

2,400

1,800

100

432

713

900

7,800

9,014

10,128

11,452

6,204

6,692

5,644

5,700

8,333

12,122

13,080

12,168

7,979

3,602

2,297

1,797

3,824

2,279

2,584

3,494

12,940

13,288

13,453

12,654

3,364

3,551

3,324

3,067

0

0

0

Property, equipment, software and other

-

-

-

-

-

-

154

107

119

100

282

540

2,654

6,138

9,710

13,358

15,382

14,690

13,697

13,546

14,508

16,398

19,170

18,294

15,612

11,828

7,399

4,751

2,787

2,735

2,155

2,486

2,400

2,044

0

0

0

Oil and gas properties and equipment

-

-

-

-

-

-

0

0

0

2,400

2,400

2,412

2,553

579

3,253

9,998

26,425

49,717

82,527

96,799

105,506

101,145

105,248

108,415

102,446

96,069

75,104

51,438

32,428

21,416

0

0

0

-

-

-

-

Acquisition of partner's interest in unconsolidated multifamily venture, net of cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Payments to Acquire Equity Method Investments

-

-

-

-

-

-

100

945

2,647

4,562

4,936

5,048

4,985

6,089

8,056

20,871

28,537

26,349

33,584

20,398

11,230

14,692

0

0

0

-

-

-

-

-

-

-

1,451

2,007

0

0

0

Proceeds from sale of assets

1,300

1,300

0

29,745

29,745

258,300

258,254

228,644

281,145

130,100

238,644

239,380

448,531

427,849

324,040

333,756

73,088

18,260

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of venture interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,095

0

0

0

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

3,400

2,300

-800

29,225

29,594

259,000

265,900

236,706

288,607

134,590

237,230

238,072

443,983

420,743

311,354

301,651

15,824

-60,328

-107,281

-134,472

-126,240

-129,731

-124,540

-116,570

-118,620

-103,927

-71,861

-167,980

-148,033

-105,119

-95,320

26,402

25,689

-4,895

0

0

0

FINANCING ACTIVITIES
Payments of debt

-

-

-

-

-

-

10,500

0

0

0

-

-

-

315,229

362,417

360,786

66,942

58,220

10,540

10,753

212,233

225,481

231,629

232,339

31,039

106,076

124,767

131,569

137,560

74,226

65,023

122,403

136,377

123,399

0

0

0

Additions to debt

-

-

-

-

-

-

1,400

2,469

2,892

2,989

2,224

2,492

2,181

3,184

7,107

7,909

9,651

11,463

12,529

17,226

23,104

22,593

22,179

21,673

18,807

43,911

83,614

188,869

197,662

203,642

175,468

94,512

133,642

123,397

0

0

0

Deferred financing fees

11,700

7,300

6,900

9,200

2,200

2,300

2,400

0

0

0

-

-

-

-

-

-

-

-

-

249

3,223

3,217

3,199

3,313

423

438

1,027

5,733

5,867

5,883

5,213

2,714

3,496

3,750

0

0

0

Increase (Decrease) in Restricted Cash

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interests, net

700

3,800

3,900

4,783

4,700

1,900

3,200

2,617

2,500

2,200

601

1,571

2,408

2,579

2,376

1,122

534

701

2,779

2,935

2,986

3,146

6,663

6,651

6,843

7,154

3,930

3,477

4,035

3,266

6,019

6,313

5,163

5,124

0

0

0

Cash paid for shares withheld for taxes

-200

-200

-100

-100

-100

-100

-12,800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of convertible senior notes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120,795

0

0

0

-

-

-

-

-

-

-

-

Exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,491

1,215

2,327

2,106

1,702

1,622

554

1,159

1,388

1,305

2,063

1,290

0

0

0

Purchase of noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,971

7,971

7,971

7,971

0

0

0

0

-

-

-

-

-

-

-

-

Payroll taxes on restricted stock and stock options

-

-

-

-

-

-

-

0

1

-

981

997

997

222

261

244

244

762

0

0

0

-

1,033

1,082

992

1,137

925

844

844

968

1,248

1,302

1,325

1,367

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Excess income tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

177

224

57

91

83

-85

30

366

153

370

390

-110

0

0

0

Net cash provided by financing activities

584,200

439,400

439,800

335,891

27,389

-4,600

-27,500

-23,504

-22,036

-22,623

-2,065

-7,084

-308,686

-318,264

-361,837

-358,169

-58,341

-48,483

-26,341

-21,509

21,750

469

160,297

158,701

118,921

197,096

74,136

168,169

169,294

119,415

88,792

-49,605

-23,240

-22,040

0

0

0

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-66,900

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

0

-

-

-

0

-

0

99,909

-

273,501

274,241

195,058

169,628

29,490

8,660

16,384

-73,685

-77,966

-85,407

-21,717

-22,180

115,837

115,030

61,326

181,946

44,490

23,664

79,852

-7,922

-18,842

39,759

1,193

12,917

0

0

0