Forestar (FOR) 8-K Results of Operations and Financial Condition

Exhibit 99.1

Forestar Financial Information

as presented in the Segment Information tables

in D.R. Horton’s Q4 FY 2018 press release issued 11/8/18

	September 30, 2018
	(In millions)
Assets
Cash and cash equivalents	$	318.8
Restricted cash		16.2
Residential land and lot inventories - developed, under development, held for development and held for sale.		498.0
Investment in unconsolidated entities		11.7
Deferred income taxes		26.9
Property and equipment, net		1.8
Other assets		19.7
	$	893.1
Liabilities
Accounts payable	$	11.2
Accrued expenses and other liabilities		95.7
Notes payable		111.7
	$	218.6

	For the three months ended September 30, 2018			For the Period from October 5, 2017 to September 30, 2018
	(In millions)
Revenues	$	32.2		$	109.2
Cost of sales		23.5			69.0
Selling, general and administrative expense		7.2			32.8
Equity in earnings of unconsolidated entities.		(2.3	)		(12.4	)
Gain on sale of assets		(23.7	)		(27.7	)
Interest expense		—			5.8
Other (income) expense		(2.1	)		(7.0	)
Income before income taxes	$	29.6		$	48.7
Summary Cash Flow Information:
Cash used in operating activities				$	(320.3	)