10-QPeriod: Q2 FY2007

HORTON D R INC /DE/ Quarterly Report for Q2 Ended Mar 31, 2007

Filed May 4, 2007For Securities:DHI

Summary

D.R. Horton, Inc. (DHI) filed its Form 10-Q for the period ending March 31, 2007, showcasing its financial performance in the housing market. The report details the company's consolidated financial statements, including balance sheets, income statements, and cash flow statements, providing a snapshot of its financial health. Investors should pay close attention to the Management's Discussion and Analysis (MD&A) section, which offers insights into the company's operational results, financial condition, and outlook, especially within the context of the prevailing housing market dynamics during that period.

Key Highlights

  • 1The filing provides consolidated financial statements for the three and six months ended March 31, 2007, and comparisons to the prior year periods.
  • 2Key financial metrics such as revenue, net income, and earnings per share for the reported periods are detailed within the Consolidated Statements of Income.
  • 3The Consolidated Balance Sheets at March 31, 2007, and September 30, 2006, offer insights into DHI's assets, liabilities, and equity.
  • 4The Consolidated Statements of Cash Flows highlight the company's cash generation and usage from operating, investing, and financing activities for the six months ended March 31, 2007.
  • 5Item 2, Management's Discussion and Analysis of Financial Condition and Results of Operations, is crucial for understanding the company's performance drivers and future prospects.
  • 6The report includes sections on Quantitative and Qualitative Disclosures about Market Risk and Controls and Procedures, which are important for assessing business risks and internal governance.
  • 7Part II of the filing covers other information, including matters submitted to security holders and exhibits.

Frequently Asked Questions

The 10-Q filing details the Consolidated Statements of Income for the three and six months ended March 31, 2007, which would include reported revenues, cost of sales, operating expenses, and net income, allowing investors to assess profitability trends compared to the prior year.

The Consolidated Balance Sheets as of these two dates provide this information. Investors can analyze changes in assets (like cash, inventory, land), liabilities (debt, accounts payable), and shareholders' equity to understand the company's financial strength and stability over the period.

Item 2, Management's Discussion and Analysis, is where management explains the results of operations and financial condition. Investors should look for discussions on housing market conditions, sales volumes, pricing, land acquisition strategies, and any significant trends or risks impacting the business.

The Consolidated Statements of Cash Flows for the six months ended March 31, 2007, will show how much cash the company generated or used from its core operations, investments in assets, and financing activities, providing insight into its liquidity and ability to fund operations.