10-QPeriod: Q2 FY2004

HORTON D R INC /DE/ Quarterly Report for Q2 Ended Mar 31, 2004

Filed May 10, 2004For Securities:DHI

Summary

D.R. Horton, Inc. (DHI) filed its quarterly report on Form 10-Q on May 10, 2004, for the period ending March 31, 2004. This filing provides investors with a look into the company's financial performance and condition during the second quarter and the first six months of fiscal year 2004. Key financial statements, including consolidated balance sheets, income statements, and cash flow statements, are presented, along with management's discussion and analysis of the results of operations and financial condition. Investors reviewing this report should pay close attention to DHI's revenue growth, profitability trends, and balance sheet strength. The company's performance in the housing market, its inventory levels, and its debt structure are critical factors for understanding its current operational health and future prospects. The "Management's Discussion and Analysis" section will offer deeper insights into the factors driving these financial results and the company's outlook.

Key Highlights

  • 1The filing includes consolidated financial statements for the three and six months ended March 31, 2004, compared to the same periods in 2003.
  • 2Key financial statements presented are the Consolidated Balance Sheets, Statements of Income, and Statements of Cash Flows.
  • 3Management's Discussion and Analysis of Results of Operations and Financial Condition provides context for the financial data.
  • 4The report covers the period ending March 31, 2004, offering insights into DHI's performance in the second quarter and first half of fiscal year 2004.
  • 5The filing also includes sections on Market Risk, Controls and Procedures, and Other Information relevant to investors.
  • 6The company's liquidity and capital resources, as detailed in the cash flow statements and MD&A, are crucial for assessing its ability to fund operations and growth.

Frequently Asked Questions

This 10-Q filing provides D.R. Horton's financial results for the quarterly period ending March 31, 2004, and the first six months of fiscal year 2004. It includes detailed financial statements and management's analysis of the company's performance and financial condition.

Information regarding revenue and profit trends can be found in the 'Consolidated Statements of Income' for the three and six months ended March 31, 2004, and 2003. Additionally, the 'Management's Discussion and Analysis of Results of Operations and Financial Condition' section will offer a narrative explanation of these trends.

The Consolidated Balance Sheets, dated March 31, 2004, and September 30, 2003, provide a snapshot of D.R. Horton's assets, liabilities, and shareholders' equity at those specific points in time. This allows investors to assess the company's financial health, solvency, and capital structure.

The 'Consolidated Statements of Cash Flows' for the six months ended March 31, 2004, and 2003, detail the company's cash inflows and outflows from operating, investing, and financing activities. The 'Management's Discussion and Analysis' will likely further elaborate on cash flow trends and liquidity.