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 Q2 FY 2019 press release issued 4/25/19

	March 31, 2019		September 30, 2018
	(in millions)
Assets
Cash and cash equivalents	$	66.4	$	318.8
Restricted cash		15.7		16.2
Residential land and lots-developed, under development and held for development		851.5		498.0
Deferred income taxes, net		22.9		26.9
Property and equipment, net		2.4		1.8
Other assets		26.0		31.4
	$	984.9	$	893.1
Liabilities
Accounts payable	$	16.1	$	11.2
Accrued expenses and other liabilities		131.9		95.7
Notes payable		149.2		111.7
	$	297.2	$	218.6

	Three Months Ended March 31, 2019			Three Months Ended March 31, 2018			Six Months Ended March 31, 2019			For the Period from October 5, 2017 to March 31, 2018
	(in millions)
Revenues	$	65.4		$	22.6		$	103.8		$	53.5
Cost of sales		43.7			16.2			74.3			35.5
Selling, general and administrative expense		6.2			5.6			11.9			19.1
Gain on sale of assets		—			(2.7	)		(0.9	)		(2.7	)
Interest expense		—			2.1			—			4.2
Other (income) expense		(0.9	)		(3.2	)		(2.8	)		(11.3	)
Income before income taxes	$	16.4		$	4.6		$	21.3		$	8.7
Summary Cash Flow Information:
Cash used in operating activities							$	(283.4	)	$	(150.2	)