| Sep'19 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Revenues | |||||||||
428,300 | 114,300 | - | - | - | - | - | - | - | - |
Cost of sales | |||||||||
362,700 | 112,600 | - | - | - | - | - | - | - | - |
Real estate | |||||||||
- | - | 190,273 | 120,022 | 171,672 | 152,684 | 81,459 | 79,348 | 47,043 | 75,050 |
Commercial and income producing properties | |||||||||
- | - | - | 82,808 | 41,440 | 95,327 | 38,656 | 26,820 | 21,226 | 19,386 |
Real estate | |||||||||
- | - | - | 202,830 | 213,112 | 248,011 | 120,115 | 106,168 | 68,269 | 94,436 |
Mineral resources | |||||||||
- | - | 5,076 | 9,094 | 15,690 | 72,313 | 44,220 | 24,448 | 24,790 | 36,256 |
Other | |||||||||
- | - | 1,965 | 6,652 | 9,362 | 10,721 | 8,256 | 4,957 | 8,301 | 15,559 |
Revenues | |||||||||
- | - | 197,314 | 218,576 | 238,164 | 331,045 | 172,591 | 135,573 | 101,360 | 146,251 |
Cost of Real Estate Revenue | |||||||||
- | - | 169,321 | 52,640 | 86,432 | 76,628 | 40,400 | 44,929 | 27,503 | 30,463 |
Selling, general and administrative expense | |||||||||
28,900 | 75,300 | - | - | - | - | - | - | - | - |
GAIN ON SALE OF ASSETS | |||||||||
3,000 | 113,400 | 166,747 | 1,585 | 29,512 | 5,161 | 25,983 | 61,965 | 29,278 | 104,047 |
OPERATING INCOME | |||||||||
- | - | 140,354 | 23,942 | 70,560 | 46,577 | 27,165 | 58,115 | 18,885 | 125,062 |
Equity in earnings of unconsolidated ventures | |||||||||
500 | 17,800 | 6,123 | 16,008 | 8,685 | 8,737 | 14,469 | -29,209 | 4,701 | -7,771 |
Cost of commercial and income producing properties | |||||||||
- | - | - | 61,251 | 37,332 | 80,166 | 29,639 | 18,046 | 17,982 | 15,043 |
Cost of mineral resources | |||||||||
- | - | 763 | 2,998 | 3,790 | 42,067 | 10,842 | 2,062 | 1,097 | 922 |
Cost of other | |||||||||
- | - | 5,075 | 3,081 | 3,006 | 2,033 | 2,995 | 1,928 | 1,640 | 3,396 |
Other operating expense | |||||||||
- | - | 26,951 | 48,996 | 44,326 | 60,359 | 55,213 | 49,132 | 40,950 | 45,486 |
General and administrative expense | |||||||||
- | - | 21,597 | 27,253 | 22,230 | 28,376 | 32,320 | 23,326 | 22,581 | 29,926 |
Total cost and expenses | |||||||||
- | - | 223,707 | 196,219 | 197,116 | 289,629 | 171,409 | 139,423 | 111,753 | 21,189 |
Interest Expense | |||||||||
0 | 8,500 | 19,985 | 34,066 | 30,286 | 20,004 | 19,363 | 17,012 | 16,446 | 20,459 |
Loss on extinguishment of debt | |||||||||
0 | -600 | -35,864 | 0 | 0 | - | - | - | - | - |
Interest and other income | |||||||||
5,500 | 3,600 | 1,718 | 3,006 | 8,588 | 6,959 | 3,621 | 368 | 1,164 | 375 |
Income before income taxes | |||||||||
45,700 | 52,100 | 92,346 | 8,890 | 57,547 | 42,269 | 25,892 | 12,262 | 8,304 | 97,207 |
Income tax expense | |||||||||
9,400 | 45,800 | 15,302 | 35,131 | 20,850 | 7,208 | 8,016 | 3,021 | 2,470 | 35,633 |
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | |||||||||
36,300 | 6,300 | 77,044 | -26,241 | 36,697 | - | - | - | - | - |
Income (loss) discontinued operations, net of taxes | |||||||||
0 | 46,000 | -16,865 | -186,130 | -19,609 | - | - | - | - | - |
Net income | |||||||||
36,300 | 52,300 | 60,179 | -212,371 | 17,088 | 35,061 | 17,876 | 9,241 | 5,834 | 61,574 |
Net income attributable to noncontrolling interests | |||||||||
3,300 | 2,000 | 1,531 | 676 | 505 | 5,740 | 4,934 | 2,087 | 709 | 2,467 |
Net income attributable to Forestar Group Inc. | |||||||||
33,000 | 50,300 | 58,648 | -213,047 | 16,583 | 29,321 | 12,942 | 7,154 | 5,125 | 59,107 |
Weighted Average Number of Shares Outstanding, Diluted [Abstract] | |||||||||
Basic (in shares) | |||||||||
41,974 | 42,142 | 34,546 | 34,266 | 35,317 | 35,365 | 35,214 | 35,413 | 35,893 | 35,890 |
Diluted (in shares) | |||||||||
42,005 | 42,400 | 42,334 | 34,266 | 43,596 | 36,813 | 35,482 | 35,781 | 36,377 | 36,102 |
Earnings Per Share [Abstract] | |||||||||
Continuing operations, basic (usd per share) | |||||||||
0.79 | 0.10 | 1.80 | -0.79 | 0.84 | - | - | - | - | - |
Discontinued operations, basic (usd per share) | |||||||||
0.00 | 1.09 | -0.40 | -5.43 | -0.46 | - | - | - | - | - |
Earnings Per Share, Basic | |||||||||
0.79 | 1.19 | 1.40 | -6.22 | 0.38 | 0.81 | 0.37 | 0.20 | 0.14 | 1.65 |
NET INCOME (LOSS) PER DILUTED SHARE | |||||||||
Continuing operations, diluted (usd per share) | |||||||||
0.79 | 0.10 | 1.78 | -0.79 | 0.83 | - | - | - | - | - |
Discontinued operations | |||||||||
0.00 | 1.09 | -0.40 | -5.43 | -0.45 | - | - | - | - | - |
Earnings Per Share, Diluted | |||||||||
0.79 | 1.19 | 1.38 | -6.22 | 0.38 | 0.80 | 0.36 | 0.20 | 0.14 | 1.64 |
COMPREHENSIVE INCOME | |||||||||
Consolidated net income | |||||||||
36,300 | 52,300 | 60,179 | -212,371 | - | - | - | - | 5,834 | 61,574 |
Change in fair value of interest rate swap agreement (matured in 2010) | |||||||||
- | - | - | - | - | - | - | - | 393 | - |
Income tax effect of change in fair value | |||||||||
- | - | - | - | - | - | - | - | 137 | - |
Comprehensive income | |||||||||
- | - | - | - | - | - | - | - | 6,090 | - |
Less: Comprehensive income attributable to noncontrolling interests | |||||||||
- | - | - | - | - | - | - | - | 709 | - |
TOTAL COMPREHENSIVE INCOME (LOSS) | |||||||||
- | - | - | - | 16,583 | 29,321 | 12,942 | 7,154 | 5,381 | - |