10-Q/APeriod: Q1 FY2003

HORTON D R INC /DE/ Quarterly Report (Amendment) for Q1 Ended Dec 31, 2002

Filed February 18, 2003For Securities:DHI

Summary

This filing is an amendment to D.R. Horton's (DHI) 10-Q report for the first quarter ended December 31, 2002. The amendment primarily corrects a clerical error in the "Notes Payable" section of the Consolidated Financial Statements, specifically regarding the reported amount of "zero coupon convertible senior notes due 2021, net." The original filing understated this specific note by $200 million, but the overall debt figure remained accurate. This amendment ensures the precise reporting of DHI's debt structure, which is crucial for investors assessing the company's financial leverage and obligations. The rest of the financial information presented in the original 10-Q remains unchanged.

Key Highlights

  • 1Amendment clarifies a specific debt disclosure: the 'zero coupon convertible senior notes due 2021, net' were misstated by $200 million in the original filing, now corrected to $210,852,000.
  • 2The correction of the debt note had no impact on the total reported debt or the overall Consolidated Financial Statements as originally filed.
  • 3D.R. Horton, Inc. is incorporated in Delaware and operates under I.R.S. Employer Identification No. 75-2386963.
  • 4As of February 10, 2003, the company had 146,579,465 shares of common stock outstanding.
  • 5The filing confirms DHI has filed all required reports for the preceding 12 months and is an accelerated filer.
  • 6The report includes standard sections such as Financial Statements, Management's Discussion and Analysis, Market Risk Disclosures, and Controls and Procedures.

Frequently Asked Questions

The primary reason for filing this amended 10-Q was to correct an error in Note E - Debt. Specifically, the amount reported for 'zero coupon convertible senior notes due 2021, net' was understated by $200 million in the original filing due to a clerical error during formatting.

No, the error did not impact the total amount of debt or the Consolidated Financial Statements as a whole. The total amount of all notes payable was correctly stated in the original filing, even though one specific note had a misstated figure.

The corrected amount for the 'zero coupon convertible senior notes due 2021, net' is $210,852,000.

This amended filing pertains to the quarterly period ended December 31, 2002, which is D.R. Horton's first fiscal quarter of 2003.