10-QPeriod: Q2 FY2011

HORTON D R INC /DE/ Quarterly Report for Q2 Ended Mar 31, 2011

Filed April 29, 2011For Securities:DHI

Summary

D.R. Horton, Inc. (DHI) filed its quarterly report for the period ending March 31, 2011, offering investors a look into its financial performance and condition during a challenging economic period. The filing indicates a continued focus on managing liquidity and navigating the residential construction market. Investors should pay close attention to the company's revenue trends, profitability metrics, and its balance sheet strength as key indicators of its operational health and ability to weather market volatility. The company's performance in the first half of fiscal year 2011, as detailed in the financial statements and Management's Discussion and Analysis, will be crucial for assessing its strategic direction and future outlook. Key areas to monitor include home closings, order growth, and land acquisition strategies, all of which are critical drivers for a homebuilder's success. D.R. Horton's ability to manage its inventory and debt levels remains a primary concern for stakeholders.

Financial Highlights

31 data points
Beta

Revenue

$751.10M

14.0% Gross Margin

Net Income

$27.80M

3.7% Net Margin

EPS (Diluted)

$0.09

Total Assets

$5.62B

Cash & Equivalents

$1.08B

Free Cash Flow

-$75.10M

Financial Statements
Beta
Revenue$751.10M
Gross Profit$104.80M
Net Income$27.80M
EPS (Basic)$0.09
EPS (Diluted)$0.09
Shares Outstanding (Basic)319.30M
Shares Outstanding (Diluted)319.90M

Key Highlights

  • 1The report covers the unaudited financial results for the three and six months ended March 31, 2011, compared to the prior year periods.
  • 2Consolidated Balance Sheets are provided as of March 31, 2011, and September 30, 2010, offering a view of the company's assets, liabilities, and equity.
  • 3Consolidated Statements of Operations detail the company's revenues, cost of sales, and operating expenses, impacting net income.
  • 4Consolidated Statements of Cash Flows present the company's cash generated from or used in operating, investing, and financing activities.
  • 5Management's Discussion and Analysis (MD&A) provides management's perspective on the financial condition, results of operations, and key trends.
  • 6Quantitative and Qualitative Disclosures about Market Risk offer insights into the company's exposure to financial risks like interest rate fluctuations and commodity prices.
  • 7The filing includes information on Legal Proceedings, which could have a material impact on the company's financial standing.

Frequently Asked Questions

This 10-Q filing provides D.R. Horton, Inc. with an unaudited quarterly update on its financial performance and condition for the period ending March 31, 2011. It includes financial statements and management's discussion on the results, allowing investors to assess the company's progress and challenges between annual reports.

The filing includes Consolidated Balance Sheets, Consolidated Statements of Operations, and Consolidated Statements of Cash Flows. These statements offer a comprehensive view of the company's assets and liabilities, profitability, and cash movements during the reported periods.

Management's analysis and insights into the company's financial condition and results of operations are detailed in Item 2, 'Management's Discussion and Analysis of Financial Condition and Results of Operations'.

Yes, Item 1 of Part II, 'Legal Proceedings,' addresses any significant ongoing legal matters that could potentially affect the company's financial health or operations.