10-QPeriod: Q3 FY2009

HORTON D R INC /DE/ Quarterly Report for Q3 Ended Jun 30, 2009

Filed August 5, 2009For Securities:DHI

Summary

D.R. Horton, Inc.'s (DHI) 10-Q filing for the period ending June 30, 2009, reflects the ongoing challenges within the housing market during the Great Recession. While the company's financial statements detail its assets, liabilities, and equity as of June 30, 2009, and provide performance figures for the nine months ended on that date, the Management's Discussion and Analysis (MD&A) is crucial for understanding the operational context and strategic responses. Investors should pay close attention to how DHI is navigating the downturn, managing inventory, and its outlook for future sales and profitability in a difficult economic environment. The filing also includes essential information on market risk, internal controls, and any material legal proceedings or risk factors that could impact the company's performance.

Financial Highlights

17 data points
Beta

Net Income

-$143.80M

EPS (Diluted)

$-0.45

Cash & Equivalents

$2.00B

Free Cash Flow

$1.10B

Financial Statements
Beta
Net Income-$143.80M
EPS (Basic)$-0.45
EPS (Diluted)$-0.45

Key Highlights

  • 1Consolidated financial statements for the nine months ended June 30, 2009, provide a snapshot of DHI's financial health, including balance sheet, income statement, and cash flow data.
  • 2Management's Discussion and Analysis (MD&A) is key to understanding operational performance, market conditions, and strategic decisions in response to the economic climate.
  • 3The filing addresses market risk, including interest rate and mortgage rate sensitivities, which are critical in the housing sector.
  • 4Information on legal proceedings and risk factors highlights potential headwinds and liabilities that could affect the company.
  • 5The report is unaudited, a standard for quarterly filings, meaning investors should consider this in their analysis.
  • 6Focus on any disclosures related to inventory levels, sales volumes, and pricing strategies, as these are core performance indicators for a homebuilder during a recession.

Frequently Asked Questions

The 10-Q filing for the period ended June 30, 2009, will contain the consolidated statements of operations, detailing revenues, cost of sales, and net income or loss for the nine-month period. Investors should refer to the 'Consolidated Statements of Operations' and the MD&A section for a comprehensive understanding of profitability and revenue trends during this challenging economic period.

The 'Management's Discussion and Analysis of Financial Condition and Results of Operations' section is the primary source for this information. It will likely discuss the company's liquidity, capital resources, debt obligations, inventory management strategies, and outlook on home sales and housing market trends, all crucial for assessing DHI's resilience.

Item 1A, 'Risk Factors,' will outline the significant risks and uncertainties impacting DHI. This may include, but is not limited to, economic conditions affecting housing demand, interest rate fluctuations, competition, regulatory changes, and the availability and cost of financing. Investors should carefully review this section to understand potential challenges.

Yes, the 'Consolidated Statements of Cash Flows' for the nine months ended June 30, 2009, will detail the company's cash inflows and outflows from operating, investing, and financing activities. This is vital for assessing DHI's ability to generate cash, fund operations, and meet its financial obligations.