10-QPeriod: Q2 FY2010

HORTON D R INC /DE/ Quarterly Report for Q2 Ended Mar 31, 2010

Filed April 30, 2010For Securities:DHI

Summary

D.R. Horton, Inc. (DHI) reported its financial results for the quarter ending March 31, 2010. The company's performance reflects the ongoing challenging housing market conditions. While the report indicates continued efforts to manage costs and inventory, the overall revenue and profitability metrics suggest persistent headwinds. Investors should pay close attention to the company's inventory levels, sales trends, and its strategies for navigating the current economic environment, particularly in light of potential impacts from interest rate fluctuations and consumer confidence. Key financial statements available include the Consolidated Balance Sheets, Statements of Operations, and Statements of Cash Flows for the periods ending March 31, 2010, and prior comparative periods. The Management's Discussion and Analysis section will provide critical insights into the company's operational performance, financial condition, and outlook. Investors should also review the Risk Factors and Legal Proceedings sections for potential uncertainties and liabilities that could affect the company's future performance.

Financial Highlights

17 data points
Beta

Revenue

$913.50M

17.4% Gross Margin

Net Income

$11.40M

1.2% Net Margin

EPS (Diluted)

$0.04

Cash & Equivalents

$1.64B

Free Cash Flow

$202.60M

Financial Statements
Beta
Revenue$913.50M
Gross Profit$159.20M
Net Income$11.40M
EPS (Basic)$0.04
EPS (Diluted)$0.04

Key Highlights

  • 1The filing presents unaudited consolidated financial statements for the three and six months ended March 31, 2010, compared to the prior year periods, providing a snapshot of the company's recent financial performance.
  • 2Investors can analyze D.R. Horton's financial condition through the Consolidated Balance Sheets as of March 31, 2010, and September 30, 2009.
  • 3The Consolidated Statements of Operations detail the company's revenues, cost of sales, and operating expenses, crucial for understanding profitability trends.
  • 4The Consolidated Statements of Cash Flows offer insights into the company's cash generation and usage activities during the reported periods.
  • 5The Management's Discussion and Analysis (MD&A) section is expected to offer qualitative insights into the company's results of operations, financial condition, and liquidity.
  • 6The filing includes sections on Legal Proceedings and Risk Factors, which are important for investors to assess potential uncertainties and liabilities.
  • 7Disclosures about Market Risk provide information on the company's exposure to market-related risks, such as interest rate changes.

Frequently Asked Questions

The filing contains financial statements for the three and six months ended March 31, 2010. While specific numbers are not detailed here, investors should look to the Consolidated Statements of Operations to assess revenue, cost of sales, and profitability trends compared to the prior year. The Management's Discussion and Analysis (MD&A) will provide narrative explanations for these trends.

The Consolidated Balance Sheets as of March 31, 2010, and September 30, 2009, will show D.R. Horton's assets, liabilities, and equity. Investors should examine these for changes in inventory levels, debt, and cash position to gauge the company's financial stability.

The 'Risk Factors' section (Item 1A) in Part II of the filing will outline the significant risks and uncertainties that could materially affect D.R. Horton's business, financial condition, or results of operations. These often include factors related to the housing market, economic conditions, interest rates, and regulatory changes.

Yes, the Consolidated Statements of Cash Flows for the six months ended March 31, 2010 and 2009, will detail the company's cash inflows and outflows from operating, investing, and financing activities. The MD&A section will likely provide further discussion on liquidity and capital resources.