10-QPeriod: Q2 FY2005

HORTON D R INC /DE/ Quarterly Report for Q2 Ended Mar 31, 2005

Filed May 4, 2005For Securities:DHI

Summary

D.R. Horton, Inc. (DHI) reported its financial results for the quarter ended March 31, 2005. The company demonstrated continued growth in key areas, with revenues for the six months ended March 31, 2005, showing an increase compared to the prior year period. This growth was driven by strong performance in home sales and land development activities. While the company is experiencing positive revenue trends, investors should pay close attention to the management's discussion on financial condition and results of operations for a deeper understanding of the factors influencing these results. The filing also includes standard disclosures on market risk and controls and procedures, providing a comprehensive view of the company's operational and financial health during the reporting period.

Key Highlights

  • 1Consolidated Balance Sheets as of March 31, 2005, show the company's asset and liability position.
  • 2Consolidated Statements of Income for the three and six months ended March 31, 2005, detail revenue and profitability trends.
  • 3Consolidated Statements of Cash Flows for the six months ended March 31, 2005, provide insights into the company's cash generation and usage.
  • 4The Notes to Consolidated Financial Statements offer crucial details and explanations for the reported financial figures.
  • 5Item 2, Management's Discussion and Analysis, is a key section for understanding the drivers of financial performance and outlook.
  • 6Item 3 provides Quantitative and Qualitative Disclosures about Market Risk, informing investors about potential financial exposures.
  • 7Item 4 addresses Controls and Procedures, assuring investors about the reliability of financial reporting.

Frequently Asked Questions

The report indicates that D.R. Horton experienced revenue growth for the six months ended March 31, 2005, compared to the same period in the prior year. The specific details of profitability and the factors driving this growth are elaborated within the Consolidated Statements of Income and Management's Discussion and Analysis sections.

This 10-Q filing includes Consolidated Balance Sheets as of March 31, 2005, Consolidated Statements of Income for the three and six months ended March 31, 2005, and Consolidated Statements of Cash Flows for the six months ended March 31, 2005.

Item 2, 'Management's Discussion and Analysis of Financial Condition and Results of Operations,' provides a narrative explanation of the company's financial performance, trends, and prospects. Investors should review this section for in-depth insights.

Yes, Item 3, 'Quantitative and Qualitative Disclosures about Market Risk,' details the market risks the company is exposed to, such as interest rate or commodity price fluctuations, and how they are managed.